Overview Rating
Overall, based on our analysis above, we would rate Parc Clematis with a total score of 7/10 as it has strong proximity to amenities, good resale potential and potential rental yield but falls short in terms of sale PSF price and future development prospects.
Tenure
Parc Clematis is sold under a 99-year leasehold tenure. While this may be a concern for some buyers who prefer freehold properties with no time limit on ownership, it also comes with benefits such as lower prices and government regulations that ensure well-maintained common areas and facilities. We give it a score of 7/10 for leasehold tenure.
Amenities
Parc Clematis is situated in the mature Clementi estate, surrounded by abundant amenities and a short drive to Jurong Lake District – Singapore’s second CBD. It is within walking distance from Clementi Bus Interchange and Clementi MRT Station, which operates on the East-West Line. The closest primary schools are Nan Hua Primary School, Clementi Primary School, Qifa Primary School, and Pei Tong Primary School. For secondary schools, residents can choose from options such as Clementi Town Secondary School or Japanese Secondary School. The condominium is also strategically located near various expressways, including Ayer Rajah Expressway, Pan Island Expressway, and Bukit Timah Expressway. We give it an 8/10 for proximity to amenities.
Future Development
Based on current information available, there are no significant developments planned by the Urban Redevelopment Authority (URA) surrounding this condo project that could impact property appreciation over time. Therefore we give it a score of 6/10 for future development.
Sale PSF Price
According to the indicative sale price range provided for Parc Clematis ($1,352-$2,674), we can see that it falls below the average PSF price for condos in Rest of Central Region (RCR) and Core Central Region (CCR) but above that of Outside Central Region (OCR). However, we must keep in mind that these are just indicative prices and subject to change due to market conditions or other factors. Based on current information available, we give it a score of 6/10 for sale PSF price.
Resale Potential
Considering its enviable location in District 5, surrounded by abundance of amenities and being situated in a mature estate, we believe that Parc Clematis has excellent resale potential. Its proximity to public transportation, expressways and walking distance to the MRT station also adds value. However, this factor can be highly dependent on market conditions at the time of resale. We give it a score of 8/10 for resale potential.
Rental Yield
According to current rental yields for condominiums in Singapore which is approximately 2-3%, Parc Clematis has the potential for good rental yields as it is close to public transportation and various amenities such as shopping malls, schools and parks. We give it a score of 7/10 for potential rental yield.
Parc Clematis is a new development located in the heart of Clementi, District 5. Developed by SingHaiYi Group, it replaces the former Park West condominium and has an estimated TOP date of 2023. The full suite condominium comprises 25-storey tower with 1,468 units ranging from one to five bedrooms. The property boasts a lap pool, pool deck, hot tub, lounge, clubhouse, gym and BBQ pits.
Location:
Parc Clematis is situated within the mature Clementi estate, surrounded by an abundance of amenities such as shopping malls like Clementi Mall and Star Vista. It is also conveniently located near Clementi MRT station on the East-West line which provides easy access to major areas and the city center. The location offers good connectivity via nearby expressways such as Ayer Rajah Expressway, Pan Island Expressway and Bukit Timah Expressway. However, traffic congestion during peak hours may pose an issue for residents who drive. The location may not appeal to those who prefer a more secluded environment.
Units:
Parc Clematis offers various layouts from one- to five-bedroom units catering to different needs and lifestyles. The units come with high-quality finishes such as marble flooring in living and dining areas as well as digital locks for enhanced security. Some unique features include outdoor patios for selected units that allow residents to enjoy a private garden space.
Price:
The indicative price range for Parc Clematis is between $1,428,000 to $3,630,000 or $1,352 to $2,674 psf. These prices are competitive compared to similar properties in the area such as Trilinq or Regent Park.
Conclusion:
Overall Parc Clematis presents an attractive investment opportunity with its central location close to amenities and transport links at a relatively competitive price point compared other similar properties in the area like Trilinq or Regent Park. While the location may not appeal to those who prefer a more secluded environment, the development offers various layouts that cater to different needs and lifestyles. The units come with high-quality finishes and unique features such as outdoor patios for selected units that allow residents to enjoy a private garden space.
