PARC CLEMATIS CONDOMINIUM
Parc Clematis is a brand new 25-storey tall condominium being built at Jalan Lempeng in the Clementi neighbourhood. It will replace the former Park West condo. This is the only upcoming residential project within walking distance of Clementi MRT station, that is also on the doorstep of a very popular primary school.
Note: This is NOT an advertisement for sale. Project is pending approval from authorities.
The Parc Clematis condo sits within a purely private residential estate. Besides a couple of other condominiums next to it, the rest of the neighbourhood comprises the landed houses of Faber Hills Estate.
This is an up-and-coming area that holds much promise, sited as it is in between the established Clementi township on its east, and the new economic hub of the Jurong Lake District to its west.
Clementi is also acknowledged as one of the main education and research belts of Singapore, that include the incubation hubs, and business and science parks of One-North. Such as the sprawling campuses of University Town and the National University of Singapore (NUS), the Kent Ridge medical schools and centres, and both local and international schools like the United World College of South East Asia (Dover Campus) and Anglo-Chinese School (Independent).
Westwards, work is ongoing on the Jurong Lake District (JLD) to turn it into the 2nd CBD (Central Business District) of Singapore. A number of statutory boards and Multi-National Corporations (MNC) will be moving their offices there. Along with all that will come growth in the workforce there, that will increase demand for accommodation.
The highest capital appreciation potential is usually to be found in growth areas. Hence the Parc Clematis condo could well benefit from the Jurong Lake District development as a major economic hub.
Parc Clematis Singapore . The Development
The Parc Clematis condo will suit different buyer profiles. For families with young children, the fact that it is directly opposite Nan Hua Primary school could be a huge attraction. Your kid can literally walk to school in less than 5 minutes, door to door.
That would be a great help to young kids especially – being able to wake up later, avoid a tiring journey to and from school, and give them more rest and study time. As this is a co-educational school catering to both boys and girls, once the first child gets in, the rest can follow suit.
For working adults too, being so close to the 2nd CBD of Singapore, and not too far from the Shenton Way / Raffles Place / Marina Bay Central and Financial Districts would be very helpful as well. Incidentally, Clementi MRT station is on the East-West line, that goes directly to both the Raffles Place / Marina Bay area, as well as to the Jurong Gateway precinct.
At the moment, Parc Clematis is about 11 minutes walk from Clementi MRT station, based on Google Maps. But eventually, once the HDB precinct across the road is built, a short cut is likely to be created, that will shave some of that walking time to around 6 to 7 minutes.
Parc Clematis Singapore . Background
The site was previously that of Park West condominium. SingHaiyi, the developer, clinched it in an en-bloc collective sale, in January 2018. Being in an established estate, it is well supported by the basic amenities, such eateries and supermarkets, shops and banks, and sporting facilities.
The land has a plot ratio of 2.1, enabling the Parc Clematis condo to be built up to 25-storeys high. That makes it shorter than Trilinq to its north (that has a plot ratio of 2.8), and taller than Hundred Trees towards its south (1.6 plot ratio). Hence high units facing south will get unblocked views, as well as those units facing west that overlook the low-rise landed housing estate in that direction.
One notable disadvantage is that units on the south of the site facing the AYE (Ayer-Rajah Expressway) will get the noise of the traffic. But blocks further in won’t be as aaffected, so it is advisable to come in earlier for this project.
PARC CLEMATIS SINGAPORE · FACTSHEET
|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||1,765|
PARC CLEMATIS SITE PLAN
The Parc Clematis site is one of the largest for new developments, covering an area of more than 630,000 sq ft. The shape of the land is roughly squarish, with a corner cut out on which stands a neighbouring condo, Regent Park.
To the north-west of the site is the sprawling Faber Hills landed housing estate that stretches for quite a way. Units on this side will doubtless get the afternoon sun, but they will also enjoy unblocked open views overlooking the landed houses.
As for the Parc Clematis condo apartments looking north-eastwards, these either face Trilinq or Regent Park, or get open views of the landed housing estate as well, depending on which part of the site they are located. The main advantage of these units is that they do not get the west sun, though they don’t get such good views as the west-facing apartments.
South-eastwards, Parc Clematis overlooks Clementi Secondary School towards Clementi township, across Clementi Avenue 6. Nothing outstanding about the views on this side, but not having the west sun is a plus point.
Similarly, units on the south-west of the site have both good and bad points. They get the brunt of the Ayer-Rajah Expressway noise, though design features could be integrated to mitigate some of that. But the high floor units on this side are the ones with likely the best outlook, as the highest floor ones could possibly get views to the sea off Singapore’s west coast.
PARC CLEMATIS SHOWFLAT · VIEWING
The Parc Clematis showflat is not available yet. Please drop a line through the Contact Form below if you wish to be kept posted on when the Parc Clematis condo showflat is ready for viewing.
PARC CLEMATIS CONDO PRICES · UNIT TYPES
UNIT TYPES . SIZES
|Unit Description||Type||No. of Units||Strata Area
|Total Number of Units||1,765|
Floor areas stated includes any Voids, Patios, Balconies, Terraces, A/C Ledges.
PARC CLEMATIS CONDO PRICE RANGES
The Parc Clematis pricing has not been finalised. Please drop us a note via the Contact Form if you wish to be kept updated when the indicative pricing is released.
The detailed Parc Clematis condo price ranges will only be known at the Preview / balloting sales day, but indicative prices will be available before that.
PARC CLEMATIS PRICE BACKGROUND
SingHaiyi, the developer, paid SGD$840.9 million for this site. An additional $290.6 million in lease upgrading and differential premium fees were payable, bringing the total land cost to about SGD$1,131.5 million.
Under the URA Master Plan, this site is zoned residential, with a maximum plot ratio of 2.1 (ratio of maximum floor area to land area), equating to 1,330,641 square feet maximum GFA (Gross Floor Area).
This works out to a land rate of just over $850 (PSF PPR) per square foot per plot ratio. After accounting for financing, marketing, development & construction, and overhead costs, the break even to SingHaiyi could be roughtly $1,400 PSF PPR. Hence the final selling price should be above that.
PARC CLEMATIS SINGAPORE · DEVELOPER
SingHaiyi Group Ltd (“SingHaiyi” or “the Group”) is a diversified real estate concern in the business of property investment and development, and management services. In addition to a long established track record in residential property development, the Group has a portfolio of income-generating property in the retail and commercial.
Internationally, SingHaiyi operates in Malaysia, Australia and the USA, in collaboration with partners. It was in fact one of the first Singapore firms to venture into property development in the USA.
Within the Singapore market, the Group has developed a number of projects. These include The Vales EC, Citylife @ Tampines, and City Suites. Upcoming ones include a commercial property at 9 Penang Road (the previous Park Mall), and the Lilium and The Gazania that are freehold condominiums in the Paya Lebar/ Bartley areas. SingHaiyi has a knack for picking up sites in areas with probable growth potential.
PARC CLEMATIS LOCATION · FEATURES
Location. The Parc Clematis location lies on the western fringe of Clementi, a township that ranks as one of the more desirable and central HDB estates. It is roughly 8 km from Orchard Road, down Holland Road, and within 10km radius of Raffles Place.
This site is also on the eastern edge of the Jurong Lake District that is set to become one of the biggest commercial, residential, hotel and leisure hubs in Singapore, as part of its transformation into our 2nd CBD.
Schools. The Parc Clematis condo location should appeal strongly to families with young kids wishing to get a place in a good primary school. It is directly opposite Nan Hua Primary School, seen as one of the top-ranking primary schools, and a co-ed one at that. Once you can get your first child into the school, the younger ones are practically assured of a place too.
But there are other good primary schools within 1 km of the Parc Clematis location too. Such as Clementi Primary, Pei Tong Primary, and Qifa Primary. The Buona Vista / Clementi area is well-known for its many institutions of learning too, that go all the way up to tertiary level.
Nearest MRT Station. Via the main road, it is roughly 11 minutes walk (according to Google Map) to Clementi MRT station. However the empty site beside Clementi Primary and Secondary schools is zoned for a HDB precinct. Once this is ready, you should be able to cut directly across it by way of the pedestrian bridge over Clementi Avenue 6, to Clementi Town Centre and MRT station. That will cut walking time to 6 to 7 minutes.
Being on the East-West line is advantageous. This line is one of the longest in Singapore, joining Jurong on the west to Changi International Airport on the east. Along the way, it passes through Jurong Gateway, Tanjong Pagar, and Raffles Place, and Paya Lebar. Hence it directly links to three of Singapore’s major business centres, including its main one.
Shops, F&B, Supermarkets, Banks. The Parc Clematis location in a mature housing estate means it has easy access to a full range of amenities, many of which can be found at Clementi Town Centre. Or you could take a slightly longer drive to Jurong Gateway and the many shopping malls there.
Accessibility. The Parc Clematis condo location is beside a major expressway, the AYE (Ayer-Rajah Expressway), with an exit to it close by. From there it provides access to the rest of the expressway network, and the rest of the island.
- 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