Following the Chinese New Year lull period, developers are gearing up to launch two private residential projects in Singapore. One of them is The Clement Canopy, the first condominium to be launched this year, with its showflat opening for preview this Saturday (11 February).
Jointly developed by UOL Group and SingLand, the 99-year leasehold development in Clementi Avenue 1 will comprise two 40-storey blocks of 505 condo units. Buyers can choose from two- to four-bedroom units ranging from 635 sq ft to 1,539 sq ft.
“We are riding on the positive market sentiment and launching The Clement Canopy with a unique approach of doing away with one-bedroom units. Instead, we have introduced a variety of two-bedroom apartments, which are affordably priced from $850,000,” said Liam Wee Sin, Deputy Group CEO at UOL.
In fact, 194 of the units (40 percent) are two-bedders sized from 635 sq ft to 732 sq ft, while prices of all the units range from $850,000 to over $1.62 million.
“Given its close proximity to NUS and the second CBD in Jurong, The Clement Canopy will appeal to both investors and owner-occupiers. For our initial launch, we are going out at an average price that ranges from $1,330 to $1,360 psf,” said Liam. The project is expected to be completed in 2020.
Located near the Clementi MRT station, the development will come with full condo facilities, including smart home features. The developers will also incorporate smart technology within the common areas and facilities, such as the tennis court and clubhouse.
Meanwhile, CEL Development, the property arm of Chip Eng Seng Corporation, will soft launch a 720-unit condominium in the east next weekend.
Dubbed Grandeur Park Residences, the 99-year leasehold development along New Upper Changi Road / Bedok South Avenue 3 will feature one- to five-bedroom units.
Located within walking distance from the Tanah Merah MRT station, the project boasts a three-generational (3G) gym that comes with state-of-the-art equipment. It is also one of the few condominiums to have Omnia gym equipment.
According to Raymond Chia, Executive Chairman and Group CEO of Chip Eng Seng Corporation, buyers will be “treated to a year’s worth of complimentary fitness and lifestyle classes and activities”.
In fact, the developer has teamed up with Amore Fitness to organise fitness classes, such as Zumba classes and Pilates sessions.
Scheduled for completion in 2021, unit prices at Grandeur Park Residences range from about $500,000 to over $1.4 million. In addition, there are two shops priced around $3,500 psf.