I like the following:
- Tower blocks apartments are North-South Orientation.
- Convenient Location – Close to Amenities.
- Walking distance to Clementi MRT and Clementi Mall.
- Close to two commercial nodes, Jurong business district and One North, International Business Park at Jurong, National University Hospital, NUS and Science Park, and One North for investment and rental opportunity.
- Lower quantum higher rental yield.
- Nearby to good schools like Nan Hua Primary.
I don’t like the following:
- Some facing may be affected by traffic noise from Ayer Rajah Expressway (AYE) and Clementi Ave 6.
- Heavy traffic along Clementi Ave 6 during peak hours.
- psf is higher than surrounding development, but the quantum is lower due to the small floor area.
Parc Clematis is a new launch condominium located along Jalan Lempeng in Singapore, District 5, Clementi Town. Parc Clematis was in the spotlight during its launching day, where developer sold 70% of the launched units or 324 units on 31 August 2019 at an average selling price of about $1,580 per square foot (psf).
Development Details of Parc Clematis
Parc Clematis is a 99-year leasehold new launch condominium development. It was acquired by SingHaiYi Group through a collective sales in Jan 2018 at a price tag of SGD$840.9 million on the former Park West condominium.
The land area is approximate 633,644 square feet, with a plot ratio of 2.1. The developer also applied to Singapore Land Authority (SLA) to top up the remaining lease back to a 99-year leasehold. The expected TOP date or date of vacant possession for Parc Clematis is Sept 2023.
Parc Clematis comprises a wide range of units types, which includes 1,450 apartments from one bedroom to five bedrooms, spread across nine towers of 24 stories high, twelve strata terraces, and six strata bungalows.
Parc Clematis residents will get enjoy the communal living with approximately 400,000 sqft of facilities cater to all. The developer makes the extra effort to provide sufficient facilities for its resident. You will find a wide range of facilities to relax and enjoy.
The resident will get to enjoy not 1 but 3 lap pools plus a main unique beach pool as well.
All the tower blocks are tilted towards the North-South orientation to avoid direct expressway facing, and as it is North-South orientation, this means that the apartment does not get warm afternoon sun.
But the downside is that the site is close to Ayer Rajah Expressway (AYE) and the busy Clementi Ave 6, which serves as a linkway between the expressway AYE and PIE. Thus some of the units facing south may get some traffic noise.
Parc Clematis Location Map
Parc Clematis, nestled in Jalan Lempeng and Faber private residential estate. It is close to The Trilinq condominium and the prestigious primary school, Nan Hua Primary School.
Parc Clematis is also very close to AYE and PIE expressway, conveniently linking you to the western, central, and eastern parts of Singapore.
The good thing about the location of Parc Clematis is that it is in the middle of two commercial nodes in Singapore. The Jurong business district and One-North where rental demand comes.
The Jurong business district is well known to be the 2nd CBD of Singapore, and One-North is famous for biomedical, pharmaceutical, research, and development and media setups.
Amenities Nearby Parc Clematis
Parc Clematis is within walking distance (less than 700m) to the East-West MRT Line, Clementi station, which brings you to the Central Business District (CBD) in about 20 minutes. You will be able to find lots of amenities, shop houses, and eateries surrounding Clementi MRT station. The Clementi Mall, Central Mall @ Clementi, Clementi Central, Supermarket, Clementi Bus Interchange, and Clementi Polyclinic are also within the vicinity.
“One of the feedback I get from clients who visited Parc Clematis showflat is the close distance to Clementi MRT station that attracts them.”
School Nearby Parc Clematis
One advantage of living in Clementi is the proximity to some top schools such as the prestigious primary school, Nan Hua Primary School, Qifa Primary School, Pei Tong Primary School, and Clementi Primary School, within the 1-km radius.
It is also close to educational institutes such as the National University of Singapore, Singapore Polytechnic, Ngee Ann Polytechnic, SIM, and the school of Science and Technology (SST), Singapore.
Parc Clematis New Launch Condominium Entry Price
The Parc Clematis entry price guide based on the units sold is approximately $1,600psf.
Depending on the floor level, layout, and facing, the 1-bedroom average was sold between $750k to $880k. 2-bedrooms transacted between $1.07m – 1.3m range and 3-bedrooms are between $1.4m and $1.58m.
District 5 Capital Growth Potential
In district 5, over ten years period from 2010 to 2020, private property prices appreciated 40.98 percent on average.
District 5 Rental Potential
For the rental trend in district 5, over the past ten years from 2010 to 2020, it remained remarkably stable.
If you are investing property in district 5 for rental income, in the past 12 months, on average, there were 336 rental transactions each month. Taking a closing look at the nearest condominium as reference for rental yield, The Trilinq is having a rental yield of 2.76 percent.
I feel that property located in a matured estate like Clementi is an ideal choice for one who is keen to invest and generate a rental return, yet looking for an affordable entry price. As mentioned earlier about the close distance to Jurong Business Park, One North, Science Park, NUH, NUS, the rental demand should hold steady and stable. Further rental demand boost may come from the Jurong Business District as well.
IN SUMMARY
Parc Clematis is another full-fledged new condominium with its apartments, mainly in the North-South orientation. It comes with a wide range of facilities including a unique main beach pool, three-lap pools, two tennis courts and many more.
It is in between 2 commercial nodes, which will generate a steady rental demand in the surrounding area. It is also close to Clementi MRT station, where you can find lots of amenities, shop houses, eateries, and many more.
Although the psf is higher in the surrounding area, its entry quantum is lower as compared to the surrounding development. Its in-turn might give you better rental yield should you rent the same rate as other is renting.
But do bear in mind that it is also close to AYE and the busy Clementi Ave 6 road which link driver between AYE and PIE. It may create some traffic noise for some of the units facing Clementi Ave 6 and AYE.
For more Parc Clematis information such as project fact sheet, site-plan, floorplan, unit size, unit type, unit virtual tour, etc. Please visit => Parc Clematis Project Information | Parc Clematis Virtual Tour
Parc Clematis Reviews
Hello, I am Darren Ong
As a real estate professional, my duty is to help my clients achieve financial freedom and grow their wealth through Property Wealth Planning™.
I believe that with prudent strategies and a clear investment road map, anyone can enjoy a life of abundance and financial stability.
Darren Ong (王伟丞)
Associate District Director of Huttons Asia Pte Ltd
CEA Registration No.: R026434F
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Contact: +65 9383 9588
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