This is my review on Parc Clematis, 99-year leasehold condominium located in the Clementi area (former Park West). Developer price is available upon request and will be released only on balloting day. Location of showflat is along Jalan Lempeng.

Parc Clematis – 99-year leasehold development consisting of nine 24-storey tower blocks residential apartment development, 6 units of 2 storey strata bungalow and 12 units of 2 storey strata terrace (total 1468 residential units). This project is close to Clementi MRT which is just a few minutes walk via a sheltered walkway. Parc Clematis is the result of collective sale enbloc of former Park West by SingHaiyi Gold Pte Ltd, a 50:50 joint venture between SingHaiyi Group’s wholly-owned unit SingHaiyi Land and Haiyi Wealth Pte Ltd for $840.89 million which translate to $850 per sq ft per plot ratio. (psf ppr)

 

Location and Surroundings: 

 

Besides the close proximity to Clementi MRT station, there are many amenities surrounding Parc Clematis such as Clementi Mall, 321 Clementi, City Vibe and Clementi Market.

 

Source: Streetdirectory

 

Nearby well established educational institutes and schools:

Park Clematis is close to several good schools which is within 1km such as Nan Hua Primary School, which is ranked 25th in Singapore.

The list of schools nearby include:

  • Peitong Primary
  • Qi Fa Primary
  • Clementi Primary
  • Nan Hua Primary

Secondary Schools:

  • Clementi Park Secondary
  • Nan Hua Secondary
  • NUS High School
  • Tanglin Secondary

Tertiary Schools and higher educational institutes:

  • Singapore Polytechnic
  • Ngee Ann Polytechnic
  • United World College
  • National University of Singapore (NUS)

 

Source: OneMap

 

Future of Jurong district:

Many investors are drawn to new projects in the west because of the potential upside of Jurong lake district, being the 2nd CBD in future. The Close proximity to Future High-Speed Rail Terminus which connects Singapore to Kuala Lumpur within 90 minutes, also is one of the reasons why buyers are suddenly attracted to this location.  A new Jurong Innovation District (JID), envisioned as the industrial park of the future will be built as part of the Government’s push to encourage more innovation.

 

Prices and Comparisons:

This is a couple of resale condominiums nearby Park Clematis:

The break-even price for Park Clematis is about S$1190 psf average selling price. I expect the average asking price from the developer would be around the S$1600-1700 psf range which is still acceptable considering The Trilinq, has historically hit prices like that before.

 

Developer’s Track Record: 

 

SingHaiYi Group – A fast growing real estate company with a diversified portfolio that is involved in property development, investment and management services. Some of their more reputable developments include The Vales, City Suites and 9 Penang. They do not have a long history of private residential development but they have received a few awards from BCA which is some indication that their finishing is of good quality.

 

look out for more updates coming soon

Location:⭐⭐⭐⭐ 4/5

Value for money: ⭐⭐⭐⭐4/5

Future appreciation:⭐⭐⭐3/5

If you would like to have the Parc Clematis brochure, floor plans or pricing, do inform us.
Sincerely,
Eugene Koh