Type

Units

Min Area

Price Range

3 BR

1927 sqft

From S$3.0XM

Property Highlights

Spacious 3-bedroom, 2-bathroom unit spanning 1,927 sqft in established West Coast location
Positioned 14 minutes from Clementi MRT Station, well-served by transport and amenities
Asking price of S$3,000,000 represents substantial mid-range condominium investment opportunity
Strong access to schools, shopping, and dining options within the West Coast precinct
Ideal for upgrading families and investors seeking stability in mature residential district

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Ref: 60148088

The Parc Condominium: A Refined Family Home in West Coast's Premier Address

Situated along West Coast Walk, The Parc Condominium presents a distinguished residential offering for discerning buyers seeking contemporary comfort in one of Singapore's most sought-after neighbourhoods. This three-bedroom, two-bathroom residence commands 1,927 square feet of thoughtfully designed living space, priced at S$3,000,000. The property embodies the balance of size, location, and investment potential that appeals to established homeowners and capital-conscious purchasers alike.

Location and Connectivity

The West Coast district has evolved into a mature, well-established residential enclave that combines quiet, tree-lined streets with excellent urban connectivity. The Parc's positioning along West Coast Walk places residents within comfortable reach of Clementi MRT Station, approximately 14 minutes away and just 1.19 kilometres distant. This proximity to the North-South Line ensures straightforward commuting to the central business district, making the property equally attractive to working professionals and families who value accessibility without urban density.

Beyond transit access, the neighbourhood benefits from curated local amenities. West Coast is home to quality dining establishments, independent retail outlets, and neighbourhood conveniences that characterise Singapore's more affluent residential precincts. The area's maturity means infrastructure is well-developed, with reliable utility connections and established community services.

Living Space and Internal Layout

At 1,927 square feet, this three-bedroom layout offers genuine separation of living zones—a consideration increasingly valued by Singapore's upgrading families and those working from home. Two full bathrooms provide practical convenience for multi-occupant households, whilst the generous floor area allows for distinct entertaining, dining, and private retreat spaces. The configuration suits both professional couples seeking move-up properties and larger families who have outgrown HDB or smaller condominium accommodation.

The size-to-price ratio at S$3,000,000 reflects current market dynamics in the West Coast belt, where established condominium stock commands premiums relative to comparable newer developments in peripheral zones. However, buyers gain tangible advantages in terms of neighbourhood character, proven capital stability, and established community infrastructure.

Investment and Market Context

For investors evaluating this property as a long-term holding, the West Coast location has demonstrated resilience through multiple property cycles. The neighbourhood's stable demographic profile—increasingly affluent owner-occupiers and established expat communities—provides consistent rental demand. Properties of this specification typically achieve rental yields in the region of 2.5 to 3.5 per cent gross, depending on exact unit positioning and amenity access. The three-bedroom configuration particularly appeals to expat families and upgrading Singaporeans, both of which form substantial pools of quality tenants.

Capital appreciation in West Coast has historically tracked broader CCR trends, with the district performing as a reliable if not spectacular growth corridor. Properties in established condominiums with strong management and visible amenity maintenance typically experience steady value appreciation aligned with broader economic sentiment and demographic demand.

Who Should Consider The Parc

Upgrading families represent the primary target demographic for this property. Buyers transitioning from HDB flats or smaller condominium units typically find the three-bedroom, two-bathroom configuration and generous floor area compelling. The neighbourhood's established character, proximity to reputable schools, and family-oriented amenities further strengthen its appeal to this cohort.

Owner-occupiers with professional careers benefit substantially from the proximity to Clementi MRT and the area's cosmopolitan atmosphere without the intensity of central locations. Buyers seeking a quiet, tree-shaded residential environment that remains connected to the city centre find West Coast particularly attractive.

Investors with medium-to-long holding horizons should view The Parc as a stability play rather than a value-play turnaround. The property's established provenance, mature neighbourhood positioning, and consistent rental demand trajectory support buy-and-hold strategies focused on reliable yield and capital preservation rather than aggressive appreciation.

Financing and Affordability Considerations

At S$3,000,000, this property sits comfortably within financing parameters for qualified buyers. Owner-occupiers utilising public sector housing schemes or conventional bank financing typically access 80 to 90 per cent loan-to-value ratios, translating to manageable monthly obligations across standard mortgage tenures. First-time property buyers with household incomes exceeding S$500,000 annually should encounter minimal TDSR constraint—the Total Debt Service Ratio mechanism that caps monthly debt servicing to 60 per cent of gross household income typically presents no barrier at this price point for established professionals.

Investors purchasing as second-property holders face additional stamp duty considerations under the Additional Buyer's Stamp Duty regime. Second-property acquisitions incur graduated ABSD ranging from 5 to 15 per cent depending on citizenship and holding status, effectively adding S$150,000 to S$450,000 to transaction costs. Serious investor buyers should model this cost into acquisition strategy.

Comparative Market Position

Recent transactions in the West Coast belt for comparable three-bedroom units have settled across a price-per-square-foot range of S$1,450 to S$1,650, depending on exact unit configuration, floor level, and amenity proximity. The Parc's asking price of approximately S$1,556 per square foot positions it centrally within this range—neither a standout bargain nor a premium outlier. Buyers evaluating this property against competing offerings in Clementi Park, West Coast Vale, or Mayfair Gardens should benchmark expected price-per-square-foot and amenity quality carefully before committing.

The West Coast Neighbourhood Outlook

The West Coast planning area has largely completed its residential evolution, with limited large-scale development pipeline planned. This supply constraint provides stable support for existing property values, as new competitive inventory is unlikely to materially suppress market conditions. The district's demographic trajectory continues toward older, established professionals and empty-nester couples—a profile that supports both owner-occupancy stability and rental market demand.

Public infrastructure investments, including ongoing Clementi MRT enhancements and road network upgrades, continue to reinforce connectivity advantages. The neighbourhood's proximity to the Jurong Lake District and Tuas development corridor positions it as a stable corridor between growth areas, without direct exposure to construction disruption.

Investment Takeaway

The Parc Condominium represents a measured, professionally-oriented property acquisition for buyers prioritising neighbourhood stability, established community character, and reliable long-term holding potential. The S$3,000,000 asking price reflects current market equilibrium for quality three-bedroom stock in this micromarket. Neither a distressed opportunity nor an ambitious value bet, the property suits buyers with ten-year-plus holding horizons and income profiles sufficient to accommodate standard debt-servicing requirements comfortably.

Frequently Asked Questions

What rental yield can I expect if I purchase The Parc as an investment property?

Three-bedroom units in established West Coast condominiums typically achieve gross rental yields between 2.5 and 3.5 per cent, translating to approximately S$75,000 to S$105,000 in annual rental income on a S$3,000,000 purchase. Actual yield depends on precise unit positioning—higher floors and units with better views command premium rents—and current market appetite for expat family and local upgrader accommodation. The West Coast neighbourhood maintains consistent tenant demand from both cohorts, though yields in this district are not exceptional by Singapore standards; investors should view rental income as supplementary to capital stability rather than as a primary return driver. Property tax, maintenance fees (typically S$400 to S$600 monthly for comparable developments), and management costs should be deducted from rental revenue when calculating net yield.

How does the S$3,000,000 price per square foot compare to recent West Coast transactions?

The Parc's asking price translates to approximately S$1,556 per square foot, placing it centrally within the S$1,450 to S$1,650 per-square-foot range observed in recent West Coast condominium sales for comparable three-bedroom units. Recent transactions in nearby developments including Clementi Park and West Coast Vale have settled at similar levels, suggesting this pricing reflects current market equilibrium rather than a significant discount or premium. Buyers should benchmark against recent arm's-length sales data rather than listed asking prices, as negotiations often result in final transacted prices 3 to 5 per cent below initial asking in this segment. The price-per-square-foot metric should be triangulated with unit floor level, view exposure, and specific amenity access, as these factors create meaningful variance even within the same development.

What are the ABSD implications if I'm buying this as a second property?

Second-property purchasers face graduated Additional Buyer's Stamp Duty charges ranging from 5 per cent for Singapore citizens acquiring their second residential property, up to 15 per cent for foreign investors. On a S$3,000,000 transaction, ABSD would amount to S$150,000 (5 per cent for citizens) to S$450,000 (15 per cent for non-citizens), effectively increasing total acquisition cost substantially. Singapore citizens should specifically confirm their current residential ownership status, as ABSD exemptions apply only to the first residential property; holding multiple properties simultaneously triggers the second-property regime. Serious second-property investors should engage a conveyancing specialist to model ABSD liability against expected rental yield and capital appreciation, as the additional tax cost materially impacts investment returns and cash-on-cash payback periods. ABSD costs are non-recoverable and should be factored into minimum holding period expectations to justify the investment thesis.

What are the lease tenure implications, and how might lease decay affect resale value?

The Parc's lease tenure is not specified in available information; buyers must independently verify the remaining lease duration through the Land Transport Authority or Title Deed, as this parameter critically influences long-term resale value. Properties with leases below 80 years typically experience value depreciation, with increasingly steep discounts applied as remaining tenure approaches 60 years. Banks also tighten lending criteria for properties with short remaining tenure, with many institutions reducing loan-to-value ratios or declining financing altogether for leases under 70 years. If The Parc operates on a 99-year lease initiated in the 1980s or 1990s, approximately 50 to 60 years of tenure would remain, potentially creating material headwind for future resale or refinancing. Buyers should treat lease decay risk seriously, particularly for investment purchases intended as multi-decade holdings, and consider whether lease extension mechanisms are available through the development or state authority.

How does proximity to Clementi MRT Station influence buyer demand and capital appreciation?

The 14-minute walking distance (1.19 kilometres) to Clementi MRT Station positions The Parc within the outer accessibility ring of the station's catchment, where transport convenience provides meaningful but not premium-priced valuation uplift. Properties within 400 metres of an MRT station typically command 15 to 25 per cent premiums over comparable non-connected units; at 1.19 kilometres, the proximity uplift is more modest—typically 5 to 10 per cent—sufficient to ensure consistent demand but not exceptional. The North-South Line's established maturity and high frequency of service across the Clementi corridor support residential stability without speculative upside from future transport improvements. Capital appreciation in this zone has historically tracked broader West Coast trends rather than outpacing them, suggesting the MRT connection acts more as a baseline demand-stabiliser than a primary growth catalyst. Buyers should value the transport connection for lifestyle convenience and resale liquidity rather than anticipate outsized capital gains derived from connectivity improvements.

Is The Parc suitable for first-time property buyers, and what are the key considerations?

First-time buyers face a critical affordability threshold at the S$3,000,000 price point, as entry into private residential property requires substantially higher saving capacity and income certification than HDB acquisition. Qualifying first-time buyers typically require household incomes exceeding S$350,000 annually and liquid capital of at least S$600,000 to S$750,000 (20 per cent down payment plus transaction costs). The property's three-bedroom, two-bathroom configuration and 1,927-square-foot footprint provide genuine space advantages over smaller condominium units, making it attractive for young families. However, first-time private property buyers should carefully assess whether the lifestyle and financial commitment of private residential ownership aligns with their circumstances; many buyers in this cohort find the HDB upgrading path to EC properties or smaller condominiums more accessible entry points. The West Coast location's established, quiet character appeals less to younger first-time buyers prioritising central locations or mixed-use precincts compared to upgrading families.

What is my TDSR headroom at this price point, and what financing options are available?

At S$3,000,000 with typical 80 per cent loan-to-value financing, borrowers face monthly debt servicing of approximately S$13,000 to S$14,000 (depending on prevailing interest rates and mortgage tenure). The TDSR constraint caps monthly debt obligations at 60 per cent of gross household income, requiring minimum household income of approximately S$216,000 to S$233,000 annually to accommodate this single property debt in isolation. Owner-occupiers with household incomes exceeding S$350,000 enjoy substantial TDSR headroom and should experience streamlined loan approval through major banks including DBS, OCBC, and UOB. Investors purchasing as rental properties face stricter lending criteria, with banks typically using 80 per cent of expected rental income (not total income) to offset mortgage obligations, effectively requiring higher income buffers. First-time buyers should engage in pre-approval conversations with lenders early, as TDSR calculations vary slightly between institutions and depend on total household debt obligations across credit cards, vehicle loans, and other obligations.

How does The Parc compare to nearby competing developments like Clementi Park or West Coast Vale?

Comparable three-bedroom offerings in nearby Clementi Park and West Coast Vale trade within a similar S$2,800,000 to S$3,200,000 range, with minor variations driven by specific unit positioning, floor level, and internal finishes. Clementi Park, developed in an earlier era, typically offers slightly smaller internal layouts (1,700 to 1,850 square feet) at marginally lower absolute prices but similar price-per-square-foot metrics. West Coast Vale, a newer development, commands mild premiums for updated fixtures and contemporary design aesthetics, though tangible quality differences between established developments are marginal. The Parc's specific competitive advantage depends on its internal condition, amenity quality, management reputation, and unit-specific factors rather than development-wide positioning. Buyers should arrange viewings across competing developments to compare actual finishes, common areas, and management standards rather than relying on listed prices alone; perceived quality differences often exceed actual specification gaps and reflect subjective preferences.

Which floor levels or unit stacks offer the best value within The Parc?

Mid-level units (floors 8 to 15) typically represent optimal value propositions in established West Coast condominiums, as they command modest price discounts relative to premium high-floor units whilst maintaining consistent lighting, reduced noise exposure, and stable transport accessibility from lifts. Lower-floor units (floors 3 to 7) suffer from reduced natural light, increased perceived noise from ground-level activities, and modest price discounts of 10 to 15 per cent relative to mid-levels, making them suitable only for investors willing to accept modest rental value reductions in exchange for lower acquisition cost. Highest-floor units command 20 to 30 per cent premiums driven by superior views and prestige factors, often benefiting owner-occupiers more than investors given limited tenant differentiation in rental markets. East or north-facing exposures typically benefit from superior morning light and reduced afternoon heat, supporting both owner satisfaction and rental appeal; south or west-facing units should trade at 5 to 10 per cent discounts reflecting heat management requirements. Individual unit assessments should prioritise view exposure, natural ventilation, proximity to lift lobbies, and minimisation of neighbouring balcony overlooking rather than relying on floor-level generalisations.

What is the future supply pipeline for residential developments in the West Coast district?

West Coast planning area has largely completed its residential intensification cycle, with minimal large-scale new condominium development pipeline identified in published URA Master Plan documents or recent tender announcements. The district's established character and mature infrastructure suggest limited scope for disruptive new supply competing directly with existing condominium stock. However, the broader Clementi planning area continues to receive public housing investments through HDB upgrading programmes, which indirectly influence rental market dynamics and owner-occupier demand patterns. The proximity to Jurong Lake District, undergoing significant mixed-use redevelopment, creates longer-term uncertainty regarding demographic and amenity shifts, though direct residential competition from that precinct remains limited. Buyers should view West Coast as a stable, supply-constrained micromarket unlikely to experience value suppression from new competitive inventory; this supply inelasticity supports price stability and capital preservation rather than aggressive appreciation. The absence of speculative new supply represents a modest but tangible positive for existing property holders seeking reliable long-term ownership horizons.

The Parc 3-Bed Condo, $3M, West Coast Walk, Clementi