Parc Clematis Review:  Is It the Right Choice for You?

Main Takeaways:

• Parc Clematis is a massive condominium project with over 1,400 units and a variety of facilities spread across three distinct zones.
• The development offers diverse unit types, from 1-bedroom to penthouses, catering to different demographics.
• Its strategic location near Jurong and One-North commercial districts makes it an attractive investment opportunity.

Project Details:

Parc Clematis is a colossal condominium project developed by Sing Haiyi Gold Pte. Ltd., offering a total of 1,468 units in District 5. The development features a wide array of amenities, including a 50m lap pool, tennis court, game room, gym, and various gardens and entertainment spaces.

Floor Plans:

The project offers a diverse range of unit types, from 1-bedroom to penthouses, catering to different preferences and lifestyles. Each unit is meticulously designed to optimize space and functionality, providing residents with comfortable living spaces.

Unit Mix:

Site Plan:

Parc Clematis is designed to offer a resort-style living experience with a wide range of facilities and amenities. The site plan reflects a thoughtful layout that maximizes space, privacy, and convenience for residents. Here are the key elements of the site plan:

Site Layout

Total Land Area: Approximately 633,639 sqft
Total Units: 1,468 units

Building Configuration

• Nine 24-storey residential towers
• Six 2-storey strata bungalows
• Twelve 2-storey strata semi-detached houses

Themed Communities

The development is divided into four themed communities, each offering a distinct living experience:

1. Contemporary Series
2. Elegance Series
3. Signature Series
4. Masterpiece Series

Communal Facilities

Parc Clematis boasts over 400,000 sqft of landscaped communal facilities, designed to provide a resort-like environment. Key facilities include:

Swimming Pools

• Three 50m lap pools
• A grand beach-style pool

Clubhouses

Five clubhouses for various activities.

Sports Facilities

• Two tennis courts
• Fitness suites
• Jogging track

Recreational Areas

• Multiple dining pavilions
• Playgrounds
• BBQ pavilions
• Social decks
• Function rooms
• Celebration hall with a capacity for 40 people

Specialized Pools

Jacuzzis and therapeutic pools.

Design Considerations

Orientation: Buildings are oriented north-south to avoid the western sun.
Elevation: Residential towers are built around 16 meters above ground level to enhance ventilation and privacy.
Spacing: Wide spacing between blocks (58-113 meters) to improve ventilation and privacy.
Greenery: Extensive landscaping to create a lush, green environment.

Additional Features

• Smart Home Integration: Future-ready smart homes with control via smartphone.
• High-Quality Fixtures: Kitchens equipped with Electrolux and Franke appliances, bathrooms with Kohler and Grohe fittings.
• Thematic Dining Pavilions: Offering Mediterranean and Caribbean ambiance.

The site plan of Parc Clematis is designed to provide a luxurious and comfortable living environment, catering to a wide range of residents from singles to multi-generational families.

Parc Clematis

Urban Living with Impeccable Design

In urban environments, the fusion of functionality and aesthetics is crucial for creating living spaces that are both practical and visually appealing. Impeccable design principles play a key role in optimizing the layout and utilization of space in urban dwellings.

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Enquiry Parc Clematis

Price Range & PSF:

• Average Price: $1,614 per square foot
• Price range varies based on unit type and size, offering options for different budget considerations.

Pricing Comparison with Nearby Condominiums:

Parc Clematis

• Price Range: S$1,570 psf to S$2,110 psf
• Average Price: S$1,919 psf
• Highest Recorded Transaction: S$2,110 psf (Sep 2023)
• Lowest Recorded Transaction: S$1,326 psf (Sep 2019)

Nearby Condominiums

• Parc Clematis stands out with a higher average price of S$1,919 psf compared to older developments like Seahill (S$1,617 psf) and The Vision (S$1,660 psf). This higher pricing reflects its recent development status and enhanced facilities.
• Clavon commands a slightly higher average price of S$2,102 psf. This is likely attributed to its newer completion date (2024) and potentially more modern amenities.
• Older developments such as Westcove Condo and Clementiwoods Condominium are priced significantly lower at S$1,176 psf and S$1,435 psf respectively. The reduced pricing can be linked to their earlier completion dates (1998 and 2010 respectively).

Parc Clematis presents a competitive pricing structure within the Clementi area. It balances well between newer developments like Clavon and older ones such as Seahill and The Vision. Its extensive facilities and strategic location justify its higher price range, making it an appealing choice for buyers interested in modern amenities and a dynamic community environment.

Transport & Location:

Location Overview

Parc Clematis is situated at 2-20 Jalan Lempeng in Clementi, District 5, Singapore. This location is highly strategic, offering residents easy access to a variety of amenities and transportation options. The development is adjacent to the tranquil Faber landed residential enclave and faces the popular Nan Hua Primary School.

Connectivity

MRT Stations:

• Clementi MRT Station (EW23): Approximately 0.64 km away, about a 6-minute walk with enhanced connectivity via a covered linkway from the overhead bridge to Clementi Cascadia.
• Pandan Reservoir MRT (JE7): Approximately 1.7 km away.
• Jurong Town Hall MRT (JE6): Approximately 1.89 km away.

Bus Stops:

• Regent Park (Bus No. 188, 154, 196, 201, 963, 963R): Approximately 0.21 km away.
• Hong Leong Shopping Centre (Bus No. 97, 154, 197, 198, 201): Approximately 0.22 km away.

Expressways:

• Ayer Rajah Expressway (AYE): 2 to 5-minute drive to the entrances.
• Pan-Island Expressway (PIE): Easily accessible, providing connectivity to various parts of Singapore.

Future MRT Lines:

• Jurong Region Line: Will extend to the West Coast area, enhancing connectivity.
• Cross Island Line: Will connect Jurong Lake District to Clementi, Bukit Timah, Thomson, Ang Mo Kio, Hougang, Tampines, and Changi, further increasing accessibility.

Nearby Amenities

Shopping and Dining:

• The Clementi Mall: Approximately 0.59 km away.
• Grantral Mall: Nearby.
• 321 Clementi: Nearby.
• Courts Superstore: Nearby.
• NEWest Shopping Mall: Approximately 450m away.

Groceries & Supermarkets:

• NTUC Fairprice (Clementi Mall): Approximately 0.59 km away.
• NTUC Fairprice (West Coast): Approximately 0.6 km away.
• Giant (Clementi Avenue 5): Approximately 1.03 km away.

Healthcare:

• Ng Teng Fong General Hospital: Approximately a 5-10 minute drive.
• Jurong Community Hospital: Approximately a 5-10 minute drive.
• National University Hospital: Approximately a 5-10 minute drive.
• Singapore Central Hospital: Approximately a 15-minute drive along AYE Expressway.

Educational Institutions

Primary Schools:

• Nan Hua Primary School: Approximately 0.26 km away.
• Clementi Primary School: Approximately 0.44 km away.
• Qifa Primary School: Approximately 0.56 km away.
• Pei Tong Primary School: Approximately 0.87 km away.

Secondary Schools:

• Clementi Town Secondary School: Approximately 0.31 km away.
• Tanglin Secondary School: Approximately 0.83 km away.
• Nan Hua High School: Approximately 1.41 km away.
• Commonwealth Secondary School: Approximately 1.59 km away.

Tertiary Institutions:

• Singapore Polytechnic
• National University of Singapore (NUS)
• Ngee Ann Polytechnic
• Singapore Institute of Management (SIM)
• Singapore University of Social Sciences (SUSS)
• Singapore Institute of Technology (SIT)

Parc Clematis offers excellent connectivity and accessibility, making it a highly desirable location for residents. Its proximity to major expressways, MRT stations, and bus stops ensures convenient travel to various parts of Singapore. Additionally, the development is surrounded by a wealth of amenities, including shopping malls, supermarkets, healthcare facilities, and prestigious educational institutions, providing a comprehensive and convenient lifestyle for its residents.

Developer Reputation:

Sing Haiyi Gold Pte. Ltd. has a mixed track record, with successful projects and some instances of public outcry. However, the developer has shown responsiveness in troubleshooting issues, ensuring customer satisfaction.

Investment Potential:

Parc Clematis has emerged as a noteworthy investment opportunity, attracting attention due to its strategic location, comprehensive facilities, and promising potential for price appreciation and rental yield. This article aims to delve into the pros and cons of investing in Parc Clematis, providing you with a well-rounded perspective to help make an informed decision.

Pros & Cons

Pros

• Location: Parc Clematis is strategically situated in Clementi, offering close proximity to Clementi MRT Station and major expressways like AYE and PIE. This ensures excellent connectivity. Additionally, it is near reputable schools and a variety of amenities, making it attractive to families and professionals alike.
• Facilities: The development boasts over 400,000 sqft of communal facilities, including multiple swimming pools, clubhouses, tennis courts, and dining pavilions. These amenities significantly enhance the living experience and can attract higher rental demand.
• Price Appreciation: The average price of Parc Clematis stands at S$1,614 psf, which is competitive compared to nearby developments like Clement Canopy (S$1,551 psf) and The Trilinq (S$1,322 psf). The potential for price appreciation is bolstered by its strategic location and extensive facilities.
• Rental Yield: With an estimated rental yield between 2.93% and 3.72%, Parc Clematis offers a viable option for generating rental income.
• Future Growth: Positioned near the Jurong Lake District and One-North, both areas poised for significant development, Parc Clematis is likely to see increased demand and higher property values.

Cons

• High Density: With 1,468 units, Parc Clematis is a large development, which could lead to higher noise levels and less privacy for residents.
• Price Sensitivity: While competitive, the pricing is still on the higher side compared to older developments like Regent Park (S$966 psf). Potential buyers need to assess if the premium is justified by the facilities and location.
• Speculative Rental Market: As a new launch, the rental market for Parc Clematis is somewhat speculative. While the projected rental yield is decent, actual rental rates may vary depending on market conditions when the development is ready for occupancy.

Key Factors to Consider

Price Appreciation

• Current Pricing: At an average price of S$1,614 psf, Parc Clematis offers competitive pricing that reflects the value of its location and facilities. The potential for appreciation is supported by its proximity to growth areas like Jurong Lake District and One-North.
• Comparative Analysis: Compared to nearby developments, Parc Clematis balances price and facilities well. Its pricing is higher than older developments but is justified by its extensive amenities and strategic location.

Rental Yield

• Estimated Yield: With an estimated rental yield ranging from 2.93% to 3.72%, Parc Clematis stands out in the current market, making it a compelling option for investors seeking rental income.
• Tenant Pool: Proximity to educational institutions, business hubs, and public transport makes Parc Clematis attractive to a diverse tenant pool, including families, professionals, and expatriates.

Comparative Analysis

• Nearby Developments: Compared to Clement Canopy and The Trilinq, Parc Clematis offers more extensive facilities and a strategic location. Its pricing remains competitive, making it attractive for both end-users and investors.
• Market Position: With a good mix of unit types and sizes catering to different buyer profiles, Parc Clematis leverages its extensive facilities and prime location to maintain a strong market position.

Future Growth

• Jurong Lake District: The ongoing development of Jurong Lake District as a second CBD is expected to drive demand for residential properties in the area, potentially increasing property values for Parc Clematis.
• One-North: The growth of One-North as a media and research hub will contribute to increased housing demand in the vicinity, benefiting Parc Clematis.

Parc Clematis offers a compelling investment opportunity with its strategic location, extensive facilities, and potential for price appreciation and rental yield. While high density and speculative rental markets are considerations, the overall prospects for growth and demand make it a viable option for both end-users and investors. The development’s proximity to key growth areas and competitive pricing compared to nearby developments further enhance its attractiveness as an investment.