Developer SingHaiyi Group has snagged the residential site in Clementi for $840.9 million amid the ongoing enbloc sale fever. Park West is located at Jalan Lempeng, near Clementi MRT station.

This New Launch Condo development, Parc Clematis @ Jalan Lempeng (Clementi) is being developed by Sing-Haiyi Gold, a 50-50 joint venture between SingHaiyi’s wholly owned subsidiary SingHaiyi Land and Haiyi Wealth, an entity controlled by Gordon Tang and Celine Tang, SingHaiyi said in a statement late today (Jan 11).

Former Park West is a 99-year-leasehold estate occupying a land area of about 633,644 square feet, with a plot ratio of 2.1. Its lease commenced on March 8, 1982.

At $840.9 million plus an estimated $290.6 million in differential premium and lease upgrading premium, the price tag works out to a land cost of $850 per sqft per plot ratio.

The buyer intends to apply to the Singapore Land Authority for the grant of a fresh 99-year lease for the property, and to lift certain title restrictions.

SingHaiyi said the latest acquisition gives it access to a land site within an established residential area, and allows the firm to expand its development portfolio in Singapore.

Clementi is an area of District 5 which is known for its housing and amenities. The development, Parc Clematis @ Jalan Lempeng (Clementi) is in close proximity to CCR. There are many amenities in the neighbourhood including restaurants, parks, gyms, bars and shops. The Clematis Clementi is a perfect destination for a residential unit. It is a blend of property worth respect and affordability.

The mature residential estate has a promising future and many amazing things to offer to the residents of Parc Clematis Condo and the surrounding areas. Schools are noted for their excellent service to parents and youngsters. Some of the top schools that serve the residents of Clematis Condo include NUS High School, Nan Hua High School and Nan Hua Primary School.

Things you might want to know more aboutParc Clematis @ Jalan Lempeng (Clementi) District 5

• Parc Clematis @ Jalan Lempeng (Clementi) Brochure
• Parc Clematis @ Jalan Lempeng (Clementi) Price PSF
• Parc Clematis @ Jalan Lempeng (Clementi) Floor Plan
• Parc Clematis @ Jalan Lempeng (Clementi) Location
• Parc Clematis @ Jalan Lempeng (Clementi) Showflat
• Parc Clematis @ Jalan Lempeng (Clementi) Developer Sale
• Parc Clematis @ Jalan Lempeng (Clementi) VIP Preview

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