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Property
Development
Singapore
Parc Clematis
In January 2018, SingHaiyi successfully tendered for the collective sale of the Park West condominium site for S$840.9 million. With a gross plot ratio of 2.1, this site will be redeveloped into a brand-new condominium. Located 2-20 Jalan Lempeng, it is set in a mature estate locale surrounded by a plethora of amenities including supermarkets, banks and popular eating establishments. Park West is also within walking distance to Clementi MRT station and surrounded by prestigious schools.
Sales Website: http://parcclematis.com.sg/
| Type | Private Residential (Condominium) |
|---|---|
| Location | Jalan Lempeng, Singapore |
| Acquisition Cost | S$840.9 million |
| SingHaiyi's Stake | 50% |
| Tenure | 99-year leasehold from 8 Aug 2019. |
| Units (Number) | ~1,468 |
| Expected Completion | 1H 2023 |
| Gross Development Value | ~ S$2.2 billion |
| Gross Floor Area (sq ft) | 1,330,642 |
| Gross Land Area (sq ft) | 633,639 |