UOL, SingLand project first to launch this year.
Singapore's first condominium to hit the market this year will be The Clement Canopy, a 50:50 joint venture between UOL Group and Singapore Land. It is expected to be open for preview on Saturday.
The developers are optimistic about demand for the 505-unit development in Clementi Avenue 1, as new home sales picked up last year.
The Clement Canopy comprises two 40-storey blocks with two- to four-bedroom units from 635 sq ft to 1,539 sq ft. The average price will range from $1,330psf to $1,360 psf.
About 40 per cent – or 194 units – of the apartments are two-bedders ranging in size from 635 sq ft to 732 sq ft. They will be priced at between $850,000 and $1.2 million.
Prices for the three-bedroom units start from $1.28 million, and $1.62 million for the four-bedders. Amenities at the 99-year leasehold project include swimming pools and smart home features.four-bedders.
UOL believes the project commands "good rental potential", given its proximity to schools such as the NUS High School of Mathematics and Science and Yale-NUS College, as well as Jurong Lake District, – earmarked as the second CBD. Booking of unit will start on 25 February.
Subscribe with us and stay connected to our latest new launch and latest property news.
For preview appointment, complete the form below to enjoy early bird discount direct from the developer.