Third time’s a charm. The owners of Park West have finally succeeded in selling the condominium via collective sale after two previous attempts which ended in failure. SingHaiyi Gold Pte Ltd (joint venture between SingHaiyi Group’s wholly-owned unit SingHaiyi Land and Haiyi Wealth Pte Ltd) successfully bidded at $840.89 million for this prime land at Jalan Lempeng near Clementi MRT station, the property has a land area of 633,644 sq ft and a plot ratio of 2.1. It consists of four shops and 432 residential units.
Parc Clematis Condo is also well situated a few distances away from One North R&D Park and the famous CBD at Jurong Lake. The demand for properties in the area is expected to rise due to the increase in population and the growing economy.
This former Park West condo features 432 residential units and four shops with lease balances of about 63 years. The developers plan to top up the lease period to 99 years and redeveloped the site to be named as Parc Clematis, and to house between 1,200 and 1, 700 units with various sizes ranging from 750 – 1100 sq ft.