Clementi Avenue 1 Residences, a 99 Years condominium development in District 5, offers approximately 500 residential units suitable for families and professionals. Developed by TBA, the project is conveniently located on Clementi Avenue 1, just a 10-minute walk from Clementi MRT Station. The development features a variety of unit types ranging from 1-5 bedrooms to cater to different buyer preferences. Its proximity to Clementi MRT station ensures excellent connectivity to public transport, making it an attractive choice for residents. Showflat Preview On Q4 2024.
Clementi Avenue 1 Residences
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- Convenience Beyond the Doorstep: While Clementi MRT provides immediate connectivity, a well-developed bus network is essential. Evaluate the bus routes and assess their efficiency in connecting you to your workplace or frequented areas.
- Proximity to Major Transportation Routes: The development provides easy access to major transportation routes, ensuring residents can navigate the city with ease. This accessibility is a significant advantage for daily commuters and anyone looking to explore Singapore.
- Luxurious Amenities: Residents of Clementi Avenue 1 Residences can enjoy a wide range of luxurious amenities. These include state-of-the-art fitness centers, refreshing swimming pools, serene spa facilities, and more, catering to the discerning needs of its residents.
- Developed by reputable companies: Clementi Avenue 1 Residences is by TBA, being established developers in Singapore. This can give potential buyers assurance on the quality of construction and overall project management.
The Buying Process for Clementi Avenue 1 Residences
Clementi Avenue 1 Residences Showflat on Q4 2024
Clementi Avenue 1 Residences Factsheet
| Project | Clementi Avenue 1 Residences |
| Tenure | 99 Years |
| Developer | TBA |
| Plot Ratio | 3.5 |
| No. of Units | Est 500 Units |
| No. of Storeys | Est of Est 40 storeys |
| Site Area | 144,788 sqft | 13,451.1 sqm |
| Address | Clementi Avenue 1 |
| District | 5 |
| Neighbourhood | Clementi |
| Expected TOP | 2028 |
| Description | Clementi Avenue 1 Residences, situated at Clementi Avenue 1 in D5, stands as a project by TBA. This development presents a diverse selection of 1-5 bedroom units, catering to a broad spectrum of buyers and investors. For a detailed exploration of Clementi Avenue 1 Residences, visit https://nexthomesg.com/properties/clementi-avenue-1-residences/. |
Location – Neighbourhood & Transportation
Address and District
The Clementi Ave 1 GLS site is located at Clementi Ave 1, Singapore, in District 5. This area in Clementi is known for its mix of residential, educational, and commercial amenities.
Proximity to Key Locations
Neighboring Developments: Positioned between two private condominiums – The Clement Canopy and the upcoming Clavon, indicating a high-quality residential area.
Educational Institutions: Close to reputable schools like Nan Hua High School, Clementi Primary School, Pei Tong Primary School, Singapore Polytechnic, and the National University of Singapore (NUS).
Connectivity
MRT Accessibility: Nearest MRT station is Clementi MRT, around 900m away, easily accessible via three bus stops. Provides convenient access to other parts of Singapore.
Road Accessibility: Ayer Rajah Expressway (AYE) and Clementi Road are easily accessible, offering quick routes to the city center and upcoming Jurong Lake District.
Nearby Amenities
Shopping and Dining: The Clementi Mall is a short 5-minute drive away, offering various amenities like banks, ATMs, clinics, and retail options. Grantral Mall @ Clementi also provides retail and dining choices.
Recreational Facilities: Clementi Sports Hall, Clementi Swimming Complex, Clementi Woods Park, and West Coast Park are nearby, catering to fitness enthusiasts and nature lovers with playgrounds, jogging trails, and recreational facilities.
Floor Plans & Site Plan
T
he Clementi Ave 1 GLS project is set to offer various unit types to meet different residential needs:
- 1-Bedroom Units: Ideal for singles or couples, providing a compact living space.
- 2-Bedroom Units: Suitable for small families or investors, offering flexibility.
- 3-Bedroom Units: Designed for growing families or those needing extra space.
- 4-Bedroom Units: Catering to larger families or those desiring more living space.
The emphasis is on creating functional and comfortable living spaces for a diverse range of residents.
Site Plan Analysis
The site plan for the Clementi Ave 1 GLS project is yet to be detailed in the provided sources. The project is expected to launch in 2024 and is currently in the planning phase. The land parcel remains unsold, with the developer yet to be announced. Detailed site plans, elevation, and stack chart will be released closer to the launch date as the project progresses.
Price List & Price Background
Price Background The Clementi Ave 1 GLS site received six bids, with the highest bid being $633.45 million from a consortium of CSC Land Group and MCL Land. This bid equates to $1,250 per square foot per plot ratio (psf ppr) for the 99-year leasehold site, covering 178,066 square feet. Notably, this bid surpassed the second-highest bid of $608.89 million ($1,202 psf ppr) from a joint consortium of Frasers Property and Sekisui.
Estimated Selling Price The estimated selling price for the residential units in the Clementi Ave 1 GLS project is anticipated to fall within the range of $2,300 to $2,500 psf.
Developer Background
Developer Information
The developer behind the Clementi Ave 1 GLS project is a consortium consisting of CSC Land Group and MCL Land. This joint effort resulted in a successful bid of $633.45 million for the site, translating to $1,250 per square foot per plot ratio (psf ppr). The collaboration between these two reputable developers underscores their confidence in the future value of the project.
CSC Land Group
CSC Land Group, a well-established developer with a solid track record in the real estate industry, brings expertise and experience to the Clementi Ave 1 GLS development. Known for delivering quality projects that resonate with buyers and investors, CSC Land Group’s involvement in this project signifies a commitment to excellence and innovation.
MCL Land
MCL Land, a prominent player in the property development sector, adds further credibility to the Clementi Ave 1 GLS project. With a history of successful residential and commercial developments in Singapore and beyond, MCL Land’s participation highlights the project’s potential for success and growth.
Development Partnership
The partnership between CSC Land Group and MCL Land combines the strengths and resources of both developers to create a compelling proposition for investors and buyers. By leveraging their respective expertise and market insights, the consortium aims to deliver a high-quality development that not only meets but exceeds expectations in the competitive real estate landscape of Singapore.
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Clementi Avenue 1 Residences
Clementi Avenue 1
Should You Invest in Clementi Avenue 1 Residences?
The Clementi Ave 1 GLS site is situated in a mature residential area that boasts a strategic location near educational institutions, business hubs, and lifestyle amenities. This prime location appeals to families and professionals alike due to its convenience and lifestyle offerings. The consistent demand for private homes in the Clementi area, as demonstrated by the success of neighboring developments like The Clement Canopy and Clavon, further highlights the area’s desirability.
Rental Yield Potential
The proximity of the Clementi Ave 1 GLS project to renowned educational institutions such as the National University of Singapore (NUS), Singapore Polytechnic, and international schools positions it favorably to attract both local and international students in need of accommodation. Additionally, its close proximity to business parks and nodes in Buona Vista and one-north is expected to drive demand from professionals working in these areas. These factors collectively contribute to a promising rental market, offering investors the potential for a robust rental yield.
Capital Appreciation Prospects
The successful bid of $633.45 million, equating to $1,250 per square foot per plot ratio (psf ppr), by a consortium comprising CSC Land Group and MCL Land reflects a strong vote of confidence in the site’s future value. With an estimated selling price range of $2,300 to $2,500 psf, based on current market conditions, there appears to be room for capital appreciation. This is particularly noteworthy considering the limited number of new launches in the Clementi area and the overall growth potential of the region. The strategic location of the development, coupled with its anticipated quality and amenities, positions it well for long-term value appreciation.
