Parc Clematis JalanLempeng Condo – Project Details
Park West Condominium (Enbloc) along Jalan Lempeng has been sold to SingHaiyi for S$840.9 million. The regular shape plot of land offers good redevelopment opportunity given its strategic location. Parc Clematis is walking distance away from the Clementi Bus Interchange and the Clementi (EW23) Train Station which operates the East-West Line and is near to the One-North R&D Park and Singapore’s second Central Business District at Jurong Lake.
With a site area of 58,866.96m2 (Maximum Permissible Gross Floor Area 123,620.61 m2), SingHaiyi developer intends to apply to the Singapore Land Authority for the grant of a fresh 99-year lease for the property, and to lift certain title restrictions with an estimated $290.6 million in differential premium and lease upgrading premium to redevelop the site to a gross plot ratio of 2.1 and this translates to a land price of about $850 per square foot per plot ratio.
Parc Clematis is launching soon. Meanwhile, check out the neighbouring development Whistler Grand
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