Parc Clematis Sets New Price High 2490 Psf
The transaction of a three-bedroom unit at Parc Clematis has made headlines, topping the list of condos that achieved a new psf-price high between June 6 and June 13. The unit on the sixth floor, measuring 1,044 sq ft, was sold for $2.6 million on June 9, setting a new psf-price record of $2,490 psf at the development.
This new record at Parc Clematis surpasses the previous high of $2,394 psf set earlier this year, when a similar three-bedroom unit on the eighth floor was sold for $2.5 million on March 12. In terms of absolute price, the most expensive unit at Parc Clematis is a 2,605 sq ft five-bedroom penthouse that was sold by developers in September 2022 for $4.18 million ($1,605 psf).
Parc Clematis is a 99-year leasehold mega condo development in Clementi, completed in 2023. It offers 1,450 units across nine 24-storey tower blocks, ranging from 452 sq ft one-bedroom units to five-bedroom penthouses of up to 2,669 sq ft. The development also has six two-storey strata bungalows and 12 two-storey strata terraced homes.
As of June 13, there have been 41 resale transactions at Parc Clematis this year, with an average price of around $2,132 psf. The development is strategically located near educational institutions like Clementi Primary School, Nan Hua Primary School, and Clementi Town Secondary School.
The sale of a one-bedroom unit at The Cornwall, a freehold condo in prime District 10 along Cornwall Gardens, was next on the list of deals that resulted in a new psf-price high. On June 11, the 614 sq ft unit on the first floor was sold for $1.45 million, setting a new psf-price high of $2,363 psf for the development.
This transaction overtakes the previous record at The Cornwall, which was set almost three years ago when a 657 sq ft one-bedroom unit on the fifth floor sold for $1.46 million ($2,224 psf) in December 2022. The Cornwall, built in 2005, offers 99 units ranging from one- to four-bedroom apartments from 614 sq ft to 2,551 sq ft.
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Next on the list is 1 Moulmein Rise in Novena, where a 1,238 sq ft, three-bedroom unit on the 17th floor was sold for $2.84 million on June 9, setting a new psf-price high of $2,296 psf. This surpasses the previous record of $2,262 psf when a similar three-bedroom unit on the 24th floor was sold for $2.8 million on Jan 27.
1 Moulmein Rise is a freehold development in prime District 11, completed in 2003. It offers 50 units within a single 26-storey block and is within walking distance to Novena MRT Station and lifestyle hubs such as Square 2 and Velocity @ Novena Square. Based on a tabulation of caveats by EdgeProp Singapore, 1 Moulmein Rise commands one of the highest average resale prices among freehold condos in the area, with units transacting at an average price of $2,279 psf over the last 12 months.
No new psf-price lows were recorded during the period under review. Interested buyers can check out the latest listings for Parc Clematis properties and other developments mentioned above.