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Parc Clematis
24-07-2019, 11:04 AM.
Post: #1
Parc Clematis
Parc Clematis is a new development located right in the heart of Clementi by SingHaiYi Propertiesnear to Clementi MRT Station. Piermont Grand EC details and Piermont Grand showflat will be available soon. Existing executive condo launches include Rivercove EC, Parc Life EC, Northwave EC, Hundred Palms Residences and upcoming ones include Piermont Grand , Canberra Link EC and Tampines EC.

Park West Condominium (Enbloc) along Jalan Lempeng has been sold to SingHaiyi for S$840.9 million. The regular shape plot of land offers good redevelopment opportunity given its strategic location. New Condo at Jalan Lempeng is walking distance away from the Clementi Bus Interchange and the Clementi (EW23) Train Station which operates the East West Line and is near to the One-North R&D Park and Singapore’s second Central Business District at Jurong Lake.

With a site area of 58,866.96m2 (Maximum Permissible Gross Floor Area 123,620.61 m2), SingHaiyi developer 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 with an estimated $290.6 million in differential premium and lease upgrading premium to redevelop the site to a gross plot ratio of 2.1 and this translates to a land price of about $850 per square foot per plot ratio.oot per plot ratio.

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