The Clematis (former park west) mins to Clementi MRT Station

[proxy]

The Clematis Condo is located at Jalan Lempeng, which is near to Clementi MRT station. It has a land area of about 633,644 sq ft, with a plot ratio of 2.1 and comprises of four shops and 432 residential units. Its lease commenced on March 8, 1982.  It was noted that the site can potential yield about 1.33 million sq ft of gross floor area upon redevelopment - approx catering 1200-1700 units ranging from an average size of 750 sq ft to 1,100 sq ft..


At the selling price of $840.9 million plus an estimated $290.6 million in differential premium and lease upgrading premium, the price tag works out to a land cost of $850 per sq ft per plot ratio. The estimated break-even price will be in the range of $1,300 and hence the selling price would likely be above $1,400.

The Clematis Condo is located is a very strategic location as the site is near the One-North R&D Park and Singapore's second Central Business District at Jurong Lake. And given the strong demand for the nearby project such as The Trilinq and The Clement Canopy, Park West is expected to generate much interest from both investors and home stayers.

More information at https://investintproperty.com/properties/the-clematis-condo/

[Evenstar]

Now that Clement Canopy is sold out, the nearest new launch will be the Clematis condo.  But it could be in a slightly better location than Clement Canopy as it will be a shorter walk to Clementi MRT station.  From Clement Canopy, it takes easily 12 to 15 minutes to walk to the MRT station, but for Parc Clematis, it would take around 9 minutes now probably, and possibly less than that once the new HDB precinct across the road is built, and you can walk across it as a short cut.  But both project suffer from the same drawback - they are both bordered on their south boundary by the AYE, so their south-facing units will get the expressway noise.  Didn't seem to have stopped Clement Canopy selling out though.