Type

Units

Min Area

Price Range

2 BR

689 sqft

S$1.4M – S$1.5M

4 BR

1496 sqft

S$4M

Property Highlights

Condo development with 4 units currently available.
Prices currently range from S$1.4M to S$4M.
For Singaporean second property buyers, ABSD applies at 20% of the purchase price, approximately S$280K on this acquisition.
Located 15 min (1.25 km) from EW23 Clementi MRT Station.

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Parc Clematis: A Clementi Condominium Redefined

Parc Clematis stands as a modern residential enclave situated on Jalan Lempeng in the heart of Singapore's Clementi district, a neighbourhood renowned for its blend of established suburban character and urban convenience. This development targets a diverse buyer profile, from first-time upgraders seeking efficient floor plans to pragmatic investors keen on compact-unit yield potential. The project's proximity to Clementi MRT Station—approximately 15 minutes' walk or 1.25 kilometres away—positions residents within the established commuter corridor of the East-West Line, ensuring reliable access to employment hubs, shopping, and leisure destinations across the island.

The units at Parc Clematis are fashioned for the contemporary apartment dweller who values functional space over sprawling square footage. With floor areas hovering around the 689 square-foot mark and configurations spanning multiple bedroom options, these homes suit couples, small families, and savvy investors pursuing rental-yield strategies in a well-served location. The development's scale and positioning within Clementi's mature infrastructure present opportunities for both owner-occupiers intent on stability and portfolio builders evaluating medium-term appreciation prospects.

Location and Transport Connectivity

Clementi's standing as a transportation hub has long underpinned residential demand in the precinct. The 15-minute walk to Clementi MRT Station (EW23) positions Parc Clematis residents squarely within a catchment that benefits from direct EW Line connectivity to the city centre, Marina Bay, and the western regions of Singapore. This accessibility reduces commute friction for office workers, students, and service-industry professionals, anchoring the district's appeal across economic cycles.

Beyond the MRT, Clementi boasts a complementary network of bus services, primary and secondary schools, and a mature retail ecosystem centred on Clementi Mall and surrounding shop-house precincts. The neighbourhood's established character—neither trendy nor declining—has historically provided stable capital growth, insulating it from excessive speculation whilst capturing organic demand from upgraders and retirees.

Unit Composition and Pricing Overview

Parc Clematis offers a range of unit configurations commencing from S$1.39 million, providing an entry point for buyers seeking exposure to the Clementi market without the premium commanded by iconic high-rise developments or freehold landed estates. The typical unit size of approximately 689 square feet aligns with the efficiency-apartment segment, a category that has demonstrated resilience in rental markets and attracts a broad spectrum of occupants.

Pricing within this band reflects the development's location on a secondary road, its proximity to a major transport node rather than sitting atop it, and the leasehold tenure structure common to most Singapore condominiums. Prospective buyers comparing Parc Clematis to nearby alternatives will note that per-square-foot valuations in Clementi have stabilised around the S$2,000 to S$2,200 range for comparable leasehold units in recent transactions, making the project's asking prices consistent with neighbourhood benchmarks.

Investment Potential and Rental Yield Dynamics

For investors, Parc Clematis presents a compelling narrative centred on tenant demand rather than speculative capital gains. Clementi's proximity to the National University of Singapore (NUS), its transport accessibility, and the ongoing demand for rental units from young professionals and expatriate transfers have sustained healthy occupancy rates across the district's condominium stock. Units at Parc Clematis, positioned in the mid-market price tier, are particularly attractive to landlords targeting the professional-rental demographic—typically tenants with stable incomes and predictable lease durations.

Estimated gross rental yields for comparable units in Clementi cluster around 3.5% to 4.2% per annum, depending on unit configuration and exact location within the development. A unit priced at S$1.39 million generating monthly rent of S$4,000 to S$4,800 would yield approximately 3.5% to 4.2% before deductions for property tax, management fees, and maintenance. This yield profile compares favourably to bond returns and fixed-deposit rates, justifying interest from retirees, CPF-permitted investors, and diversification-minded portfolios, albeit subject to tenant sourcing discipline and market-cycle timing.

Leasehold Tenure and Resale Dynamics

All units at Parc Clematis carry leasehold tenure, a structural consideration that buyers must integrate into their investment thesis. Whilst leasehold condominiums in Singapore's established districts remain highly marketable throughout their tenure, lease decay—the gradual erosion of unit value as the remaining lease term contracts below 80 years—becomes a material factor in long-term appreciation. A unit purchased today with 99 years remaining will face declining appeal approximately 20 years hence, when the tenure dips below 80 years and triggers financing constraints for most buyers.

Prudent purchasers should evaluate their holding horizon relative to this decay curve. A buyer intending to occupy for 10 to 15 years will likely exit the lease-decay phase with minimal impact; conversely, an investor seeking 25-year appreciation from initial purchase must factor in potential yield compression and increased marketability challenges in the property's later years. The Government's en bloc sale framework and collective sale mechanisms provide potential remedies, though these depend on collective owner agreement and market conditions at the time of triggering.

Buyer Profiles and Suitability

Parc Clematis attracts several distinct buyer archetypes. First-time upgraders moving from HDB flats or smaller studios view the development as an accessible entry into the private-residential sector, leveraging CPF funds and modest incremental financing to acquire a freehold-equivalent experience with lift-and-latch convenience and professional management. Existing property owners seeking a second-tier investment or pied-à-terre without top-tier premium find the price point and location pragmatic.

Young professional couples and small families prioritise the MRT proximity, managing busy schedules with reduced commute burdens. Retirees attracted to urban-edge living appreciate Clementi's maturity—established medical facilities, hawker centres, and leisure options—whilst avoiding central-zone property-tax and stamp-duty overheads. Overseas investors and expatriate tenants favour the district's multicultural character and English-language accessibility.

Financing, TDSR, and Second-Property Buyer Implications

Financing a unit at Parc Clematis at the S$1.39 million benchmark typically requires a 25% down payment (S$349,750) and a 75% mortgage (S$1.04 million), assuming standard bank loan-to-value ratios and current interest-rate environments. Monthly servicing at a 2.5% effective rate spans approximately S$4,400 to S$4,600, manageable for households with gross monthly incomes exceeding S$10,000 to S$12,000 depending on existing debt obligations.

For second-property buyers—those acquiring Parc Clematis as an investment whilst retaining an existing residential property—the Additional Buyer's Stamp Duty (ABSD) at 20% applies to the purchase price, adding S$279,600 to upfront costs. This material expense compresses initial yield and extends the breakeven horizon; investors must model returns assuming a 5 to 7-year holding period to justify the ABSD outlay. First-time buyers and Singapore Citizen owner-occupiers selling their existing HDB or condominium whilst upgrading to Parc Clematis may qualify for ABSD remission under the upgrade exemption, a critical planning point requiring legal verification at the time of purchase.

Competing Developments and Market Positioning

Clementi's condominium landscape includes several comparable projects within similar price bands and proximity to the MRT. Developments such as utilities-focused builds and adjacent mixed-use residences create competitive tension, necessitating differentiation through unit design, amenity packages, or pricing agility. Parc Clematis must compete on value—delivering finishes, facilities, and management standards that justify its asking premium relative to resale-market alternatives.

Buyers should conduct comparative site visits, scrutinising management track records, sinking-fund health, and resident feedback across competing projects. The difference in per-square-foot pricing between Parc Clematis and immediate neighbours often hinges on age, renovated finishes, or amenity recency rather than fundamental location advantages—an asymmetry that rewards due-diligence-focused purchasers.

Future Supply and Market Trajectory

Clementi's position as a mature residential district with limited remaining freehold or land reserve suggests that new-project supply will remain constrained, favourable to existing developments' resale values. Government planning emphasises intensification around established transport nodes, but competition for Clementi-precinct development rights remains intense; realistic expectations suggest gradual, rather than disruptive, new supply over the next five to ten years.

This supply backdrop supports mild-to-moderate capital appreciation for early-stage investors in Parc Clematis, particularly if unit-holder sentiment strengthens around management quality, tenant demand, and precinct lifecycle. Conversely, over-reliance on appreciation is imprudent; buyers should anchor decisions in rental yield, occupancy confidence, and personal use-case alignment rather than speculative timing.

Conclusion

Parc Clematis represents a pragmatic residential investment in an established, well-serviced Singapore district. Its proximity to Clementi MRT, moderate pricing tier, and orientation toward efficient floor plans position it within reach of upgraders, investors, and retirees seeking stability over prestige. Prospective purchasers must account for leasehold tenure, ABSD implications if acquiring as a second property, and competitive dynamics within the broader Clementi condo market. Those aligned with the project's profile—valuing transport access, established neighbourhood character, and moderate capital outlays—are likely to find enduring satisfaction and measured financial returns.

Frequently Asked Questions

What is the estimated rental yield for a typical unit at Parc Clematis?

Gross rental yields at Parc Clematis cluster around 3.5% to 4.2% per annum, based on comparable units in Clementi's condominium stock. A unit priced at S$1.39 million commanding monthly rent of S$4,000 to S$4,800 would deliver yields within this range before deductions for property tax, sinking-fund contributions, and management fees. These yields compare competitively with fixed-deposit rates and bond returns, justifying investor interest, though actual performance depends on tenant sourcing discipline, lease-contract robustness, and prevailing market cycles. Investors should model conservative scenarios—accounting for vacancy periods and maintenance surprises—to stress-test returns over a 5 to 7-year holding horizon.

How does Parc Clematis' per-square-foot pricing compare to recent transactions in Clementi?

Clementi's leasehold condominium market has stabilised around S$2,000 to S$2,200 per square foot for comparable units in recent sales, reflecting the district's mature status and reliable demand drivers. Parc Clematis, priced from S$1.39 million for units around 689 square feet, yields approximately S$2,020 per square foot—positioning the project squarely within neighbourhood benchmarks and demonstrating pricing discipline aligned with resale-market expectations. This consistency suggests neither speculative premium nor distressed underpricing, reducing arbitrage risk for purchasers. Buyers should verify comparable sales within the past six months via conveyancing records to confirm market alignment and identify any micro-location adjustments warranting price variance.

What is the Additional Buyer's Stamp Duty (ABSD) impact for second-property buyers at Parc Clematis?

Singapore Citizens purchasing Parc Clematis as a second residential property incur Additional Buyer's Stamp Duty at 20%, adding S$279,600 to the upfront cost of a S$1.39 million unit. This material expense compresses initial rental yield and extends the payback horizon; an investor generating 3.8% gross yield must account for ABSD amortisation over 5 to 7 years before net returns match the project's intrinsic cash-flow potential. First-time buyers and upgrading owner-occupiers (those selling an existing HDB or condominium primary residence) may qualify for ABSD remission under the upgrade exemption, a critical planning point requiring verification with a conveyancer prior to contract commitment. Portfolio investors acquiring multiple units should model total ABSD liability across the portfolio to assess cumulative cash-flow drag.

How does leasehold tenure and lease decay affect Parc Clematis' long-term resale value?

All units at Parc Clematis carry leasehold tenure; whilst initially at 99 years, the remaining lease term will gradually contract, triggering lease decay—a structural decline in unit value as tenure dips below 80 years. Buyers intending to hold for 10 to 15 years will likely exit before meaningful decay; conversely, investors targeting 25-year appreciation must factor in potential 15% to 25% value compression as lease expiry approaches. Most financial institutions impose loan-to-value penalties for units with remaining tenure below 80 years, effectively restricting buyer pools and hindering resale marketability. The Government's collective sales framework and potential lease-extension mechanisms offer remedies, though they depend on owner consensus and market conditions at the time of triggering. Prudent buyers should evaluate their exit timeline relative to lease decay and factor this into long-term wealth projections.

How does proximity to Clementi MRT Station (15 minutes) affect demand and capital appreciation?

Clementi MRT Station's East-West Line connectivity is a primary demand driver for Parc Clematis, reducing commute friction for office workers, students, and service-industry professionals targeting the city centre, Marina Bay, and western regions. This accessibility anchors the development's appeal across economic cycles, attracting tenants and owner-occupiers seeking lifestyle convenience over speculative gains. Historical data from Clementi's property market demonstrates that proximity to the MRT within a 15-minute walk supports stable demand and modest capital appreciation (typically 2% to 4% per annum), outpacing inflation without the volatility of central-zone or launch-phase speculation. The established transport infrastructure also insulates the neighbourhood from cyclical oversupply; new condominiums nearby remain limited due to land scarcity, creating a structural supply constraint favourable to existing developments' resale values. Buyers valuing reliable commute corridors and patient appreciation will find Parc Clematis' location positioning compelling, though those seeking explosive capital gains should look elsewhere.

Is Parc Clematis suitable for first-time property buyers upgrading from HDB?

Parc Clematis presents a pragmatic entry point for first-time upgraders transitioning from HDB flats, offering a freehold-equivalent condominium experience at an accessible price point. Units starting from S$1.39 million are within reach for households with modest CPF accumulation and incremental bank financing; combined HDB resale proceeds and CPF funds can cover the down payment, reducing cash burden on personal savings. The development's lift-and-latch convenience, professional management, and located-close-to-MRT lifestyle appeal strongly to young families and career-focused couples seeking relief from HDB-renewal cycles and demographic constraints. However, first-timers should carefully assess their financing capacity, factoring in property tax, sinking-fund contributions, and management fees—costs absent from HDB ownership. Legal counsel is essential to navigate CPF withdrawal rules, stamp-duty calculations, and potential upgrade-ABSD exemptions; these planning steps yield substantial savings relative to uninformed purchases.

What are the TDSR and financing headroom implications for buyers at Parc Clematis' price points?

A S$1.39 million purchase at Parc Clematis typically requires S$349,750 down payment (25%) and a S$1.04 million mortgage at prevailing rates (assumed 2.5% per annum), translating to monthly servicing of approximately S$4,400 to S$4,600. Under Singapore's Total Debt Servicing Ratio (TDSR) framework, banks cap monthly debt repayment (including mortgage, car loan, credit-card lines, and other obligations) at 60% of gross household income; this implies required household income exceeding S$7,300 to S$7,700 monthly to comfortably clear the 60% TDSR ceiling. Buyers with existing car loans or credit obligations will find reduced financing headroom; a household already servicing S$2,000 monthly in non-mortgage debt can only accommodate S$2,400 to S$2,600 mortgage servicing under the 60% cap, sharply compressing purchasing power. First-timers and upgraders should obtain pre-approval letters from banks, stress-test scenarios assuming 3% to 3.5% interest rates (above current levels), and maintain at least 6 to 12 months' cash reserves post-purchase to manage unexpected expenses without loan-restructuring strain.

How does Parc Clematis compare to competing developments in the Clementi condo market?

Clementi's condominium landscape includes several comparable mid-market projects within similar price bands and proximity to MRT; differentiation hinges on unit design, amenity quality, management track records, and sinking-fund health rather than fundamental location advantages. Parc Clematis must compete on value—delivering finishes and services justifying its asking premium relative to resale-market alternatives and adjacent projects. Prudent buyers should conduct comparative site visits, examining unit layouts, common-area conditions, and sinking-fund reserves; projects with depleted funds or deferred maintenance often signal elevated future cost pressures. Resident feedback platforms, conveyancing records, and management-company track records provide additional benchmarking; a development with consistent rent-collection rates, low owner disputes, and proactive facility upgrades typically outperforms peers with hands-off management. Pricing divergence between Parc Clematis and immediate neighbours often reflects age and refurbishment recency rather than location fundamentals—an asymmetry rewarding buyers who invest time in detailed comparison.

Which unit stacks or floor levels at Parc Clematis offer the best value proposition?

Mid-level units (floors 3 to 8) typically offer superior value at Parc Clematis compared to ground-floor and high-level alternatives. Ground-floor units suffer from street noise, security vulnerability (ease of break-in and surveillance), and limited privacy due to lobby throughflow; buyers generally accept 5% to 10% price discounts for these units, reflecting legitimate amenity disadvantages. High-level units command premium pricing (5% to 15% above mid-floor comparables) due to enhanced views, reduced noise, and perceived prestige, though the premium often exceeds incremental occupant benefit. Mid-floor units balance quiet-zone benefits with reasonable pricing, avoiding both the deep discounting of basement levels and the speculative premiums of upper tiers. Corner units within any stack appreciate modest premiums (2% to 5%) due to enhanced cross-ventilation and dual-aspect outlooks; value-conscious buyers seeking investment returns should shy away from corner-unit premiums unless particular tenant-sourcing advantages are evident. End-of-block units also offer superior light and air, justifying modest pricing premiums more defensible than pure-prestige high-level positioning.

What is the future supply outlook for condominiums in Clementi, and how does it affect Parc Clematis' appreciation prospects?

Clementi's mature residential character and limited remaining freehold or strategic-land reserve suggest that new-project supply will remain constrained over the next 5 to 10 years, a structural dynamic favourable to existing developments' resale values. Government planning emphasises intensification around established transport nodes such as Clementi MRT, but competitive pressure for development rights remains acute; realistically, only one or two new residential projects may launch in the precinct during the coming decade. This supply scarcity backdrop supports mild-to-moderate capital appreciation (2% to 4% per annum) for early-stage investors in Parc Clematis, particularly if unit-holder sentiment strengthens around management quality and tenant demand. However, over-reliance on appreciation is imprudent; buyers should anchor decisions in rental yield, occupancy confidence, and lifestyle alignment rather than speculative timing. A development priced competitively relative to resale comps, managed professionally, and situated in a supply-constrained district will likely achieve patient capital preservation and modest gains, though not the explosive returns sometimes promised by launches in hot precincts with land shortage.

[For Sale] Parc Clematis — From S$1.4M