|Developer||Sing Haiyi Gold (SingHaiyi land & Haiyi Wealth)|
|Address||2-20 Jalan Lempeng|
|Showflat location||To be confirmed|
|Indicative Selling price range||About $1600+ psf|
|Gross Land Area||633,644 sqft|
|Gross Floor Area||1,330,642 sqft|
|Total no. of units||To be advised|
|Total no. of carparks||To be advised|
|Expected Completion date||Estimated 1st half 2023|
Parc Clematis Condo is successfully acquired by SingHaiyi Group, a reputable developer in 2017. It sits on a plot with a land size of about 633, 644 sq.ft, translating to a plot ratio of 2.1. The Clematis is strategically located at Jalan Lempeng, within walking to Clementi MRT Station. It will be launch at 2019.
Its sale follows two failed attempts in the past in 2007 and 2011 respectively. In joint ownership between SingHaiyi and its wholly owned subsidiary Haiyi Wealth, the two companies will share the ownership of Clematis Condo which is worth $840.9 million. With the inclusion of other expenses to be incurred such as lease upgrading and the total cost of the land will sum to around $850 psf ppr.
SingHaiyi Holdings is managed by the famous couples, Gordon Tang and Celine Tang. They are the primary decision makers in charge of the two companies.
SingHaiyi has a strong track record of building quality housing. They have a strong diverse background; Property development, hospitality and fund management. Many of their projects has garnered many top awards which has given them a testament for quality homes.
According to a marketing agent in Singapore, Huttons Asia, The Clematis Condo site could yield approximately 1.33 million square foot of gross floor space upon completion. The regular shape of the parcel is beneficial in such an area with unlimited access to development opportunities.