The Clematis New Development Clementi Mature Estate
The Clematis is a new freehold development located right in the heart of Clementi. The development is the former Park West Enbloc that was successfully enbloc by Sing-Haiyi Gold. Sing-Haiyi Gold is a 50-50 joint venture between SingHaiyi and Haiyi Wealth. The collective sale represents a timely investment for SingHaiYi to enter into the enbloc fever to take opportunity in the upscale resale prices. There has been a number of enblocs recently but The Clematis Park West is one of the larger developments in the Clementi mature estate and therefore there will be plenty of amenities that will be in place for the new owners of The Clematis Condo. There are plans by SingHaiYi Group to top up the lease to a fresh 99 Years leasehold development and that plans are underway by SingHaiYi Group to build a upscale development located in the mature estate of Clementi.
The Clematis SingHaiYi Group
The Clematis SingHaiYi has full and unique facilities, which includes a guard house, clubhouse, function room, indoor gym, tennis court, 50m swimming pool, sun deck, BBQ pits & children’s playground. The condo’s facilities provide full family entertainment needs for your family and loved ones. Indulge in a serene and tranquil lifestyle right in the heart of Clementi. The Clematis Clementi previously have attempted to enbloc 2 times previously and this is their 3rd time and it was a successful attempt to enbloc. The previous Park West Enbloc consist of 4 shops and 432 residential units and therefore plans are underway to include units with the possibility of having commercial shops to bring in convenience for the residents. Given the strong sales seen in The Trilinq and The Clement Canopy, SingHaiYi expect that The Clematis Condo will also be well received.
The Clematis Former Park West Enbloc
The Clematis Condo is also strategically located with many shopping centres located around in the vicinity. For example, the popular Clementi Mall, 321 Clementi Shopping Centre as well as Courts Superstore are located near to The Clematis Park West Enbloc . The Clematis Condo is also located near to West Coast Park where plenty of outdoor families are available for residents to spend some quality time with their family.
The Clematis will be accessible with Clementi MRT Station that is just a few minutes walk away from the development. Also, for owners who are taking buses, there are several buses available along Jalan Lempang and Clementi Avenue 6. For owners who are traveling to the city, The Clematis Jalan Lempeng is located right next to Ayer Rajah Expressway (AYE).
The Clematis Location is also near elite schools such as Singapore Polytechnic (SP), National University of Singapore (NUS) and Anglo Chinese Junior College (ACJC).
Green Spaces at Jurong Lake District and Jurong Central Business District
Jurong Lake District encourages walking by investing in numerous green spaces. The rich network of parks and waterways sum up to 100ha of green spaces and 70 ha of water bodies. Recreation near to Jurong Central Business District is one of the main preoccupations of the district as it desires to promote a healthier lifestyle for all people who decide to start a better life here. The district will be progressively improved, adding more and more facilities that open doors for an entirely new way of living. For Singapore citizens who want to get rid of the concrete jungle, Jurong Lake District is a perfect choice. The location of The Clematis Clementi Road is also perfect as it is located near to many shopping centres such as JCube, Jem, Westgate, Jurong Point, Rochester Mall, Jelita Shopping Centre, Taman Jurong Shopping Centre, Bukit Timah Shopping Centre, The Star Vista, West Coast Plaza, Big Box Singapore, Boon Lay Shopping Centre, 321 Clementi, The Clementi Mall, NeWest, West Mall, Greenridge Shopping Centre and Gek Poh Shopping Centre.
The Clematis Location Near to Country Clubs
The Clematis Park West is situated in the mature estate of Clementi as well as Bukit Timah where there are many affluent individuals. This would mean that it is an excellent place to build up your contacts and therefore many would love to gather in prestigious clubs for networking and exchanging of business idea. The Clematis Location is near to many prestigious clubs such as Hollandse Club, Warren Golf & Country Club, The Singapore Island Country Club, Temasek Club, The British Club, Arena Country Club, Singapore Island Country Club, Swiss Club Singapore and Raffles Town Club. These clubs are near to SingHaiYi New Clematis Condo Jalan Lempeng and therefore will find accessing these clubs easily where there will be plenty of privileges such as discounted F&B as well as golf facilities available at the country club. These would be an excellent place to build up your contacts and network in a comfortable and upscale location.
The Clematis Condo Near to Many Supermarkets in Clementi Town
Parc Clematis Condo is located near to many shopping centres as it is located in a mature town of Clementi. Therefore, there are many conveniences such as supermarkets which is located at your doorstep. The biggest advantage of staying near a supermarket is that it save your time of travelling which is the most important thing in today busy life. You can easily go and purchase what you want within no time. To stay near a supermarket is cost effective in many ways. There is a less fuel consumption when market is near to your living place. Imported stuff of various brands is available at supermarkets. You can buy a lot of things at one place when you go to a supermarket. You can buy kids items, households, toys, cosmetics, pet food, grocery etc at a moment of time. Usually the unique and precious things which are not available in local markets, can found here. The Enbloc was successfully concluded by Huttons Asia who is the marketing agency for the enbloc sales. Parc Clematis will be located at Clementi Town and the development is the former Park West enbloc that sits on a huge plot of land at 633,644sqft. Parc Clematis singhaiyi will have around 1500 units and different layouts and sizes that cater to the different working crowd.
Park West Enbloc by SingHaiYi To Utilize GFA
Despite the new cooling measures in place, there has been a increase in the property prices in the resale market and developers are on a constant lookout for project sites where the Gross Floor Area (GFA) is not fully utilized. The GFA was not fully used up as land prices was cheap the last time and construction cost was high. Therefore architects did not fully utilize the Gross Floor Area as they do not wish to spend too much on construction materials. With land prices going high now and construction cost only slightly higher, developers are now looking for opportunities to buy over these sites and fully maximizing the floor area for construction. Park West is one of such developments where the GFA is not fully used and hence this allow SingHaiYi to come in to collectively buy the units.
The Clematis Location near to Schools and Educational Institutions
The location of your home is very important for your family as near to amenities and schools means lesser traveling time. More time can be spent efficiently on other activities that is more productive than spending long hours commuting. Even if it is traveling by taxi to and for the development location in Jalan Lempeng, if The Clematis SingHaiYi Properties is close to your children’s school, this would mean more time can be spend on other activities such as more tuition or this means more rest for your children. The Clematis SingHaiYi is close to many established education centres and schools in the Bukit Timah as well as Newton area such as LASALLE College of the Arts, Raffles Girls’ School, EtonHouse International Pre-School Claymore, EtonHouse Pre-School Newton, Hwa Chong International School, St. Joseph’s Institution, Singapore Chinese Girls’ School, Pei Chun Public School, St Margaret’s Secondary School, Chatsworth International School – Orchard Campus and CHIJ Secondary School.
The Clematis Showflat for VVIP Preview Registration
The Clematis Condo development consist of many different layouts for your consideration. As the development is located right in the heart of Clementi Town and located near to Jurong Central Business District, we can expect that there will be many buyers who are looking at the small 1 and 2 Bedders for your consideration. The Clematis former Park West showflat will feature a 1 Bedroom that is ideal for tenants who are working in the Jurong Central Business District area as it is just a short drive away. For investors who are looking for bigger units for own stay, there is also a 3 Bedroom layout that is targeted at home stayers who are looking to stay in the mature town of Clementi. VVIP Registration at the showflat will begin soon for investors who are interested in getting a unit in The Clematis Jalan Lempeng. The developer for The Clematis Condo is SingHaiyi Gold Pte Ltd, a 50:50 joint venture between SingHaiyi Group’s unit SingHaiyi Land and Haiyi Wealth Pte Ltd, a firm controlled by the SingHaiYi’s controlling shareholders, Gordon and Celine Tang.
The showflat will open for buyers to consider their interest and in the event that they would like to proceed in the selection of their unit, a blank cheque needs to be issued to SingHaiYi Group as a formal registration for The Clematis Clementi. A note that this does not mean you have to book a unit, it is just a registration for a ballot number.
Financial Commitment for Purchase of The Clematis
Financial commitment as the topic itself, describes the security that any bank wants to ensure the loan amount it can pass. There are several factors which describes the financial commitment like the salary of the person who wants to loan an amount and also the fixed capital that is the land property that he occupy which can also be termed as its liability. There will be bankers located at The Clematis Showflat at Jalan Lempeng to check how much you can loan before making the purchase of The Clemantis by SingHaiYi. The fixed monthly salary of the person matters a lot because it gives a security to the bank of receiving their money back without any conflicts. And if the bank is considering the loan over property than bank make sure to keep the person’s property legal papers with them so that at a time when the person is not able to pay back the loan money, bank can sell the property and with that, the bank can refund the amount that they passed by loan.
Loan Amount Reduced for The Clematis Jalan Lempeng Financing Loan
There has been a restriction on the max amount of loan there is able to be granted to buyers of private property projects. For example, the most recent one would be the the introduction of the Total Debt to Service Ratio for new launches such as The Clematis. The loan amount is such that for every $10,000 that the buyer earns, $6,000 can only be gone to the loan and hence buyers will be restricted by the loan amount. There also now a restriction of the max loan percentage for The Clematis Former Park West Condo from the existing 80% to 75% and hence more upfront cash payment will be needed to finance private property purchases.
Increase in Stamp Duty for 2nd Property Purchases
Also, the increase in stamp duty for 2nd property purchase has essentially changed how investors are viewing properties as an asset class. In particular, the stamp duty for 2nd properties has increased from the present 7% to 12% making buyers looking for small leasehold properties with a smaller upfront payment for attractive. The Clematis SingHaiYi is situated in the mature town of Clementi that comes with a lower price and therefore investors who are looking for a 2nd property with a lower capital outlay will be looking at this new development by SingHaiYi Properties.
Furnishings included in The Clematis Unit
The Clematis Park West upon completion will come with various furnishings for the investors. Some of the furnishings that come with the unit include the bedroom wardrobes, kitchen cabinets, flooring and air-conditioners. These furnishings come with no extra cost to the investor when compared to resale listings where extensive renovation needs to be done. However, some of the furniture do not come with it and these include sofa, television, coffee table, dining tables as well as furnishings such as lightning and wall paper. These furniture are present at The Clematis Jalan Lempeng showflat to allow buyers to visualize their layout once they have obtain keys to their unit in the development.
The Clematis also features a private development in the mature residential town of Clementi that has both upscale HDB units and private properties. Recently, there has been discussions on why Clementi is the housing estate of choice for aspiring home owners.
Clementi Town Located Between Jurong Central Business District
Clementi town location enjoy the luxury of being located near to the Jurong Central Business District as well as the Orchard area. The fact that Clementi is also located near to One North Business Park further enhances the fact that The Clematis Condo is located in the perfect location of live work and play. Some may wonder that Clementi town is already fully established and may not be able to enjoy the capital appreciation of property investments in the area but the Jurong Lake District as well as the Southern Waterfront District will be able to bring in considerable amenities that will be near to Clementi Town as well as The Clematis Park West Enbloc by SingHaiYi once it completes. The Clematis also a promote an active lifestyle for the residents with communal facilities such as Clementi Sports Hall, Clementi Swimming Complex and Clementi Stadium. There are also other facilities including West Coast Recreation Centre and West Coast Plaza which is just minutes away from The Clematis Project.
HDB Housing Units Valuable Near to The Clematis Condo
The fact also is that there are many public and HDB Housing units that is located near to The Clematis Condo which is approaching the million dollar mark. Many of the HDB units are transacting at a million dollars which suggest that the mass market valuation towards public housing HDB is real and tangible. The Clematis Jalan Lempeng, being a private property would also mean that there is a lot of upside potential for private properties in the Clementi area.
New Job Opportunities Near to Jurong Central Business District
The Jurong Central Business District is also in line with the government plans to create more job opportunities around the area. This would mean that there will be a constant flow of new tenants that will be looking for The Clematis Condo for lease as it is located just a few minutes drive away from the Jurong Central Business District. Coupled with the existing tenant base in One North as well as the Rochester area, The Clematis Jalan Lempeng will be the choice investment property in the mature town of Clementi. There is potential upside for the plot of land of The Clematis as the former Park West has a remaining 63 years on the plot of land and the building is aging. Therefore, SingHaiYi Group came in as the collective sale developer to redevelop the plot of land which has the potential of up to 1700 units for the plot of land.
New Cross Region MRT Line Close to The Clematis Condo
Another boast to Clementi Town will be the Cross Island Line (CRL). Although the location of the MRT Stations are not yet determined, the fact that the new MRT Line will cross into the Clementi and Toh Tuck area making other areas such as Choa Chu Kang and Hillview easily accessible for Clementi Town Residents. In particular, traveling north towards these areas for the residents of The Clematis location will be much easier with the new Cross Region Line that is due somewhere around in 2030.
The Clematis Location Close to Nature Reserve and Park
Clementi Town also presents an unique neighbourhood that is located near to many nature reserves and parks. With Singapore fast becoming a real estate choice location, there are many real estate developments and it is getting very cramped up. Clementi Town which The Clematis SingHaiyi Group is located presents an excellent and unique location which is near to daily amenities such as grocery shopping and shopping centres but also located just minutes drive away from nature reserve and parks. Some of the nature reserves and park that is located near to The Clematis location include Clementi Woods Park, Kent Ridge Park, Bukit Batok Nature Park, Bukit Timah Nature Reserve, Rochester Park, West Coast Park and Mount Emily Park.
The Clematis Clementi Jalan Lempeng
A wonderful and unique lifestyle awaits you at The Clematis right in the heart of Clementi and West Coast. Please see The Clematis site plan and floor plans for more information.