PARC CANBERRA EXECUTIVE CONDO
The Parc Canberra EC is a huge new 25-storey high residential development at Jalan Lempeng in the Clementi area. It is being built on the site of the former Park West condominium. This is one of the few new condominiums in the Clementi area within walking distance of Clementi MRT station, and next door to a highly regarded primary school.
Note: This is NOT an advertisement for sale. Project is pending approval from authorities.
The immediate locale of the Parc Canberra executive condo is actually in an exclusively private residential enclave, comprised mainly of the landed houses of the Faber Hills Estate, and a couple of other private condominiums. This location is promising, sitting as it does directly between Clementi Town to its east, and the Jurong Lake District on its west.
Clementi is known as the tertiary education belt of Singapore, extending to the research hubs and science and business parks of One-North. Educational institutes include the sprawling campuses of the National University of Singapore (NUS), the medical hub at Kent Ridge, a couple of polytechnics, and several brand name local and international schools.
On the other side, work is in progress in build up the Jurong Lake District (JLD) into the 2nd Central Business District (CBD) of Singapore. Several statutory boards and MNCs plan to move their offices here. Along with that will come jobs, and demand for accommodation.
The best capital appreciation potential is found more in areas on the cusp of development, than in fully developed areas. The Parc Canberra EC looks like it could ride on the back of the Jurong Lake District development.
Parc Canberra Executive Condo . The Project
The Parc Canberra EC should suit families very well, especially those with young children. For a start, it is on the doorstep of Nan Hua Primary School, which caters to both boys and girls. Your child could literally walk to school within 5 minutes, door to door. Think what that means in terms of more rest and study time!
That goes for the adults too. Being on the edge of the 2nd CBD of Singapore, as well as not too far from the Raffles Place / Marina Bay Financial Districts means more job opportunities, and less travel time, less jams to contend with. In fact, Clementi station is on the East-West MRT line, that leads directly both to Jurong Gateway, as well as to Raffles Place and Marina Bay.
Currently it takes around 11 minutes to walk to Clementi MRT station, according to Google Maps. But in future, once the HDB precinct across the road is fully built, a short cut could open up that will shave some of that walking distance to some 6 or 7 minutes.
Parc Canberra Executive Condo . Background
The site was formerly occupied by Park West condominium.
This neighbourhood is a mature estate well served by all the necessary amenities, including supermarkets, banks, shops, F&B outlets, transport nodes, and sports and swimming complexes.
With a land plot ratio of 2.1, the Parc Canberra EC will be a 25-storey high development. It won’t be as tall as Trilinq on its north (plot ratio 2.8), but taller than Hundred Trees to its south (plot ratio 1.6). This gives rise some interesting possibilities, as it means residents will get open views at higher floors towards the south, in addition to views to the west over the low-rise landed houses on that side.
The only drawback for units on the south of the site is the traffic noise of the Ayer-Rajah Expressway. However the blocks further in won’t be affected, so it helps to come in early for this project.
|Status||Condominium (Foreigners eligible to buy)|
|Address||2 – 20 Jalan Lempeng Singapore 128793 – 128802|
|Site Area||58,866.5 m² (633,639 sq ft)|
|Floor Area||123,619.6 m² (1,330,641 sq ft)|
|Tenure||99 Year Leasehold|
|T.O.P. Date||1st Half of 2023|
|No. of Storeys||25|
|No. of Units||Approximately 1,500|
PARC CANBERRA SITE PLAN
The Parc Canberra site is huge, spanning over 630,000 sq ft. It is a roughly square shape with one corner cut out by the neighbouring Regent Park condominium. Stretching for quite a way to its north-west, is the older landed housing estate of Faber Hills. The Parc Canberra EC apartments facing this side will get the west sun. But higher floor units will also get unblocked views over the low-rise houses.
The units facing north-east will either get views over part of the landed estate, and Nan Hua Primary school, or towards Regent Park or Trilinq. So while the views are this side are not so good, they do not get the west sun either.
To the south-east across Clementi Avenue 6, the Parc Canberra executive condominium overlooks Clementi Secondary School towards Clementi town. Not much views directly, but some views to the south. Again, no west sun.
Those apartments fronting the Ayer-Rajah Expressway on its south-west boundary, will bear the brunt of the traffic noise. However the architects will take steps to mitigate the worst of the noise. The high floor ones will likely have the best outlook, and might even get views to the sea off the west coast of Singapore.
PARC CANBERRA SHOWFLAT · VIEWING
The Parc Canberra EC showflat is not ready for viewing yet. Please drop a note via the Contact Form if you wish to be kept updated when the Parc Canberra showflat is scheduled for opening.
THE PARC CANBERRA PRICES · UNIT TYPES
UNIT TYPES . SIZES
|Unit Description||Type||No. of Units||Strata Area
|Total Number of Units||Approximately 1,500|
Floor areas stated includes any Voids, Patios, Balconies, Terraces, A/C Ledges.
PARC CANBERRA EC PRICE RANGES
The Parc Canberra pricing is still under consideration. Please let us know via the Contact Form if you wish to be kept posted when the indicative pricing is finalised.
The exact Parc Canberra EC prices will be announced only at the Preview / balloting sales day, but indicative prices will be released before that.
PARC CANBERRA PRICE BACKGROUND
SingHaiyi paid SGD$840.9 million for the Park West site. On top of that, an estimated $290.6 million in differential premium and lease upgrading was payable, which brought the cost of the land to around SGD$1,131.5 million.
Under the URA 2014 Master Plan, this site is zoned residential, with plot ratio of 2.1 (ratio of maximum floor area to land area), which gives us a maximum GFA (Gross Floor Area) of 1,330,641 square feet.
This equates to slightly over $850 per square foot per plot ratio (PSF PPR) land cost. After taking in account financing, overheads, development, and construction costs, the break even to the developer could add up to about $1,400 PSF PPR. The profit margin to be added, to arrive at the final selling price, has not been worked out yet.
SingHaiyi Group Ltd (SingHaiyi or the Group) is a diversified real estate company in the business of property development, investment, and management services. Besides a well established track record in residential property development, SingHaiyi owns income-generating assets in the commercial and retail sectors.
Outside of Singapore, the Group also operates in Malaysia, the USA, and Australia through a series of partnerships. It is in fact a pioneer among Singapore-listed firms to go into property development in the US.
In the local Singapore market, SingHaiYi has completed a handful of projects. Numbered among these are Citylife @ Tampines, The Vales, and City Suites. Others on the table are a commerical property at 9 Penang Road (the former Park Mall), and the upcoming The Gazania and The Lilium, both being freehold private condominiums in the Bartley / Paya Lebar area. SingHaiyi has a penchant for picking sites in areas with growth potential.
PARC CANBERRA LOCATION · FEATURES
Location. The Parc Canberra location is on the west edge of Clementi, an established HDB township that is considered one of the more central HDB estates. It is roughly 10km in direct line from Raffles Place, and 8km from Orchard Road.
This location is also on the east fringe of the Jurong Lake District that is being developed as a major commercial, hotel, residential and leisure hub, as part of its transformation into Singapore’s 2nd biggest business district.
Schools. The Parc Canberra EC location is almost ideal for families with young children wanting to get a place in a good primary schools. It is next door to Nan Hua Primary School, a top-ranking co-ed school. So long as you can get your first kid into the school, the younger ones are assured of places as well.
There are other primary schools within the 1 km radius of the Parc Canberra location too. Namely Qifa Primary, Clementi Primary, and Pei Tong Primary. The Clementi / Buona Vista area is also well-known for its huge number of education institutions.
Nearest MRT Station. Going by the main road, it is currently about 11 minutes walk (based on Google Map’s estimate) to Clementi MRT station. However the empty land beside Clementi Secondary and Primary schools is zoned for HDB blocks as well. When these are built, it would be easy to cut across via the pedestrian bridge over Clementi Avenue 6, directly to Clementi Town Centre and the MRT station. This will cut walking time to 6 to 7 minutes.
Having Clementi station on the East-West line is another plus point. This is one of the longest MRT tracks in Singapore, going all the way to Changi Airport. It also goes directly to Jurong Gateway, and to Tanjong Pagar, Shenton Way, and Raffles Place / Marina Bay. This makes it the only line to directly link to both the main and 2nd biggest business and financial districts of Singapore.
Shops, Supermarkets, F&B, Banks. The Parc Canberra location in an established housing estate means it is also well-supported. Just the Clementi Town Centre alone (11 minutes or 6 minutes walk away depending on which path you take), provides the full range of all these amenities.
Accessibility. The Parc Canberra EC location certainly enjoys very fast access to a major expressway; after all it borders the Ayer-Rajah Expressway (AYE), with almost direct access to it. From there the AYE goes on to join the CTE, MCE, KPE, and ECP.
- 1 to 3 Mins Walk to MRT
- 10 to 12 Mins Walk to MRT
- 13 to 15 Mins Walk to MRT
- 16 to 18 Mins Walk to MRT
- 19 to 21 Mins Walk to MRT
- 22 to 24 Mins Walk to MRT
- 25 to 27 Mins Walk to MRT
- 28 to 30 Mins Walk to MRT
- 31 to 33 Mins Walk to MRT
- 34 to 36 Mins Walk to MRT
- 37 to 39 Mins Walk to MRT
- 4 to 6 Mins Walk to MRT
- 7 to 9 Mins Walk to MRT
- Deferred Payment Scheme
- Dual Key Units
- Luxury High-End Project
- Near Park / Nature Reserve
- Near Reservoir
- Near Shopping Mall
- Near Sports Complex
- Near to City
- Payment Scheme
- Prime District
- Progressive Payment Scheme
- Proximity to Primary School
- Sea / Water Views
- Special Discounts
- Special Features
- Star Buys
- Walk to MRT
- Within 1KM of Ai Tong Primary School
- Within 1KM of Anglo Chinese Primary School (Barker Road)
- Within 1KM of Catholic High
- Within 1KM of Cedar Girls Primary School
- Within 1KM of Holy Innocents Primary School
- Within 1KM of Kong Hwa Primary School
- Within 1KM of Maris Stella
- Within 1km of Methodist Girls' Primary School
- Within 1KM of Nan Chiau Primary School
- Within 1KM of Nan Hua Primary School
- Within 1KM of Nanyang Primary School
- Within 1KM of Ngee Ann Primary School
- Within 1KM of Paya Lebar Methodist Girls' Primary School
- Within 1KM of Raffles Girls Primary School
- Within 1KM of River Valley Primary School
- Within 1KM of Rosyth Primary School
- Within 1KM of Singapore Chinese Girls' Primary School
- Within 1KM of SJI Junior
- Within 1KM of St Andrews Primary School
- Within 1KM of Tao Nan Primary School