Resale Parc Clematis Sets Psf Price High 2575

9 new record highs set for freehold condos in District 9 and 10Parc Clematis tops the list of private non-landed properties to reach a new psf-price peak during the week of July 11 to 18. The new psf-price high of $2,575 reached at the development involved the resale of a 1,044 sq ft, three-bedroom unit on the 19th floor for $2.69 million on July 14. This is a significant jump from the previous record of $2,490 psf set on June 9, when another three-bedroom unit of the same size on the sixth floor was sold for $2.6 million. The most expensive unit to transact at Parc Clematis to date was a five-bedroom penthouse that fetched $4.18 million, or $1,605 psf, when developers sold it in September 2022.The new psf-price high at Parc Clematis is a testament to the strong demand for properties in the Clementi area. Located along Jalan Lempeng and completed in 2023, the 99-year leasehold development comprises nine 24-storey tower blocks housing 1,450 units. Units at Parc Clematis range from one-bedroom apartments to five-bedroom penthouses, spanning across 452 sq ft to 2,669 sq ft. It also offers six two-storey strata terraced homes of 3,832 sq ft each.Read also: Resale condo at Nassim Park Residences going for $3,320 psfAdvertisementAdvertisementThe District 5 condo boasts an array of amenities such as a swimming pool, gym and clubhouse. Moreover, Parc Clematis is strategically located, with schools such as Clementi Primary School, Nan Hua Primary School and Clementi Town Secondary School within a 1.5km radius. This makes it an attractive option for families with school-going children.Unsurprisingly, Parc Clematis has witnessed high transaction volumes, with 48 units sold from the beginning of the year till July 18 at an average price of around $2,153 psf. This figure is slightly higher than the average price achieved by resale properties in the Clementi area, which stands at around $1,600 psf.Moving on to District 9, Tiara, a freehold condo along Kim Seng Walk, saw a new psf-price high of $2,453 with the sale of a 1,346 sq ft three-bedroom unit on the third floor for $3.3 million on July 18. The price surpassed Tiara’s previous record of $2,438 psf, achieved in February last year when a similar unit on the 24th floor was sold for $3.28 million.Tiara comprises a single 35-storey residential tower completed in 1995. Its 264 units include two- and three-bedroom units ranging from 893 sq ft to 1,561 sq ft. The development is within 500m of Great World MRT Station on the Thomson-East Coast Line, providing residents with convenient access to public transport. It is also situated near popular schools such as Alexandra Primary School and River Valley Primary School, both of which are within a 1km radius.AdvertisementsThe most expensive unit to transact at Tiara to date remains a 5,263 sq ft, five-bedroom penthouse that sold for $7.5 million ($1,426 psf) in June 2013. Nonetheless, the development has seen healthy price appreciation over the years, with an almost 50% increase in transaction prices from 2017 to 2021.Over at Dormer Park in prime District 10, another new psf-price high was achieved with the sale of a 1,238 sq ft two-bedroom unit for $2.7 million ($2,181 psf) on July 17. This transaction price surpassed the previous record of $2,079 psf, set in June 2021 with the sale of a 2,465 sq ft four-bedroom unit for $5.13 million.Dormer Park is a freehold development comprising 92 residential units completed in 1993. Despite its advanced age, the development has shown resilience in terms of transaction prices; an analysis of transaction data over the last 12 months reveals that units at Dormer Park have been sold at an average price of approximately $2,045 psf. This is higher than the transaction prices achieved at nearby developments such as Jervois Regency (an average of $1,969 psf) and Jervois Close (around $1,826 psf).Furthermore, Dormer Park is situated in the prestigious Bishopsgate-Chatsworth Good Class Bungalow enclave, which comprises some of the most affluent properties in Singapore. This location factor adds to the exclusivity of the development and may continue to drive up its value in the future.

Parc Clematis has once again broken its own record, emerging as the top private non-landed property to reach a new psf-price peak during the week of July 11 to 18. The new high of $2,575 psf was achieved through the resale of a 1,044 sq ft, three-bedroom unit on the 19th floor for $2.69 million on July 14. This psf price surpasses the development’s previous record of $2,490 psf, which was set on June 9 when another same-sized three-bedroom unit on the sixth floor was sold for $2.6 million.

In addition, Parc Clematis has also recorded the highest absolute price for the development with the sale of a 2,605 sq ft, five-bedroom penthouse that fetched $4.18 million ($1,605 psf) when developers sold it in September 2022.

Located along Jalan Lempeng in Clementi and completed in 2023, Parc Clematis is a 99-year leasehold mega condo development comprising nine 24-storey tower blocks and a total of 1,450 units. The units range from one-bedroom apartments to five-bedroom penthouses, spanning across 452 sq ft to 2,669 sq ft. It also offers six two-storey strata terraced homes of 3,832 sq ft each.

Parc Clematis is strategically located within close proximity to top schools such as Clementi Primary School, Nan Hua Primary School and Clementi Town Secondary School, making it an attractive choice for families with school-going children. The development boasts an array of amenities, including a swimming pool, gym and clubhouse, making it a desirable place to live for residents. It is no surprise that Parc Clematis is seeing high transaction volumes, with 48 units sold for an average price of around $2,153 psf from January to July 18 this year.

The cityscape of Singapore is defined by towering skyscrapers and cutting-edge infrastructure. Condominiums, commonly found in desirable locations, offer a fusion of opulence and practicality that caters to both locals and foreigners. These residences boast an array of facilities, including swimming pools, fitness centers, and security measures, elevating the standard of living and drawing in potential renters and purchasers. For investors, these perks result in elevated rental returns and appreciation of property values in the long run. To top it off, the market is continuously refreshed with new condo launches for even more enticing options.

Next on the list of private non-landed properties to reach a new psf-price peak is Tiara, a freehold condo along Kim Seng Walk in prime District 9. The three-bedroom unit on the third floor was sold for $3.3 million on July 18, setting a new psf-price record of $2,453 for the development. This transaction has overtaken the previous record at Tiara, achieved in February last year when a similar three-bedroom unit on the 24th floor was sold for $2,438 psf.

Tiara comprises a single 35-storey residential tower completed in 1995, housing a total of 264 units. Units consist of a mix of two- and three-bedroom units measuring between 893 sq ft and 1,561 sq ft. The development is located within 500m of Great World MRT Station on the Thomson-East Coast Line, providing residents with convenient access to public transport. It is also situated near popular schools such as Alexandra Primary School and River Valley Primary School, both of which are within a 1km radius.

In District 10, Dormer Park has emerged as another private non-landed property to achieve a new psf-price high during the same period. The sale of a 1,238 sq ft two-bedroom unit for $2.7 million ($2,181 psf) on July 17 has overtaken the previous record of $2,079 psf, set in June 2021 with the sale of a 2,465 sq ft four-bedroom unit for $5.13 million.

Dormer Park, which was completed in 1993, comprises 92 residential units. Despite its age, the development has shown resilience in terms of transaction prices, with units being sold at an average price of approximately $2,045 psf in the last 12 months. This is higher than the transaction prices achieved at nearby developments such as Jervois Regency (an average of $1,969 psf) and Jervois Close (around $1,826 psf). Furthermore, Dormer Park’s location in the prestigious Bishopsgate-Chatsworth Good Class Bungalow enclave adds to the exclusivity of the development and may continue to drive up its value in the future.