Resale at Parc Clematis sets psf-price high of $2,575
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Parc Clematis topped the list of private non-landed properties to reach a new psf-price peak during the week of July 11 to 18. The new psf-price high of $2,575 involved the resale of a 1,044 sq ft, three-bedroom unit on the 19th floor for $2.69 million on July 14.
This psf price surpasses the development’s previous high of $2,490, set on June 9 when another 1,044 sq ft three-bedroom unit on the sixth floor was sold for $2.6 million. In terms of absolute price, the most expensive unit to transact at Parc Clematis was a 2,605 sq ft, five-bedroom penthouse that fetched $4.18 million ($1,605 psf) when developers sold it in September 2022.
A new record at Parc Clematis was set with the sale of a 1,044 sq ft unit for $2.69 million on July 14. (Photo: Samuel Isaac Chua / The Edge Singapore)
Parc Clematis is a 99-year leasehold mega condo development located along Jalan Lempeng in Clementi. Completed in 2023, the development houses 1,450 units spanning across nine 24-storey tower blocks. The District 5 condo offers a mix of one-bedroom units to five-bedroom penthouses, ranging from 452 sq ft to 2,669 sq ft. It also offers six two-storey strata terraced homes of 3,832 sq ft each.
Schools within a 1.5 km radius of the development include Clementi Primary School, Nan Hua Primary School and Clementi Town Secondary School. To date, Parc Clematis has seen 48 transactions in 2025 as of July 18, with the units transacted at an average price of around $2,153 psf.
Meanwhile, the sale of a 1,346 sq ft unit at Tiara, a freehold condo along Kim Seng Walk in prime District 9, was next on the list of condo deals that resulted in a new psf-price high. The three-bedroom unit on the third floor was sold for $3.3 million on July 18, setting a new psf-price record of $2,453 for the development.
The July 18 transaction overtakes the previous record at Tiara, which was achieved in February last year when a similar three-bedroom unit on the 24th floor was sold for $3.28 million, or $2,438 psf.
Tiara achieved a new high of $2,453 psf with the sale of a 1,346 sq ft unit on July 18. (Photo: Google Streetview)
Tiara was completed in 1995 and comprises a single 35-storey residential tower. The 264-unit development offers a mix of two- and three-bedroom units measuring between 893 sq ft and 1,561 sq ft.
The development is located within 500m of Great World MRT Station on the Thomson-East Coast Line. It also benefits from proximity to amenities such as Zion Riverside Food Centre and Great World City shopping mall. Both Alexandra Primary School and River Valley Primary School are within a 1km radius.
Another development that topped the list of psf-price highs achieved during the period in review is Dormer Park, where a 1,238 sq ft two-bedroom unit was sold for $2.7 million ($2,181 psf) on July 17.
Dormer Park reached a new high of $2,181 psf with the sale of a two-bedroom unit for $2.7 million on July 17. (Photo: Google Maps)
The transacted price surpasses the development’s previous high of $2,079 psf that came with the sale of a 2,465 sq ft, four-bedroom unit for around $5.13 million on June 16.
Completed in 1993, Dormer Park is a freehold development comprising 92 residential units. Units consist of a mix of two- to four-bedroom apartments, with sizes spanning 1,227 sq ft to 2,540 sq ft. It is among a cluster of high-end condos along Jervois Road, including the 109-unit Mon Jervois and the 108-unit Jervois Lodge. The development is also within the vicinity of the Bishopsgate-Chatsworth Good Class Bungalow enclave.
Resale prices at Dormer Park averaged approximately $2,045 psf over the last 12 months. This surpasses the prices of nearby freehold condos, such as the 38-unit Jervois Regency and the 108-unit Jervois Close. The developments’ average resale prices over the same period stand at about $1,969 psf and $1,826 psf, respectively.
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