Land Parcel – Clementi Avenue 1

New Residential Site in Clementi

 

Clementi Ave 1 - Land Parcel
Clementi Ave 1 – Land Parcel Tenderers (Source : HDB)

 

 

Clementi Ave 1 - Land Tender
Clementi Ave 1 – Successful Tenderer (Source : HDB)

Clementi Ave 1
Land Tender – Clementi Ave 1 (Source  : The Straits Time)

 

A residential site located at Clementi Avenue 1 attracted the biddings from 6 group of developers and the land was awarded to joint developers, UOL and SingLand. The land which occupies a land size area of 13037.8 square metres was sold at about S$302 millions which was approximately about $615 psf ppr.

 

It was estimated that the break-even price for this land parcel will be at about S$1,100 sf and the selling price would be at an average psf of $1,300.

 

The proposed plan for this residential development is there will be 2 blocks of buildings comprising of about 500 apartment units. This new launch is expected to be released by end of 2016 next year.

 

 

New Launch Condo in the West

 

New Condo near the city

 

New Launches