Large crowds were drawn at the start of The Clement Canopy preview on the weekend of 11 and 12 February. The condo which has 505 units is located at Clementi Avenue 1. It attracted more than 5,000 people who packed its showflat to view the 2-4 bedrooms apartments over the 2 preview days.
The units of from 635 to 1,539 sq ft are in two blocks of 40 storeys each. The smallest unit is going at $850,000 and the average price being between $1,330 to $1,360 psf.
The 99-year leasehold condo is a joint development of SingLand and UOL Group and it is the first to be launched in 2017. It is conveniently located near Nan Hua High School and NUS School of Mathematics and Science.
“The Clementi Canopy has received strong interest since the area has not had any new launches for a while. I believe that the price is playing a big role to the excitement seen at the crowd,” said Anthony Wong UOL General manager of Marketing.
(Artist impression of Clement Canopy)
UOL has integrated Smart Home technology to the development as Singapore drives to being a Smart Nation. The Clement Canopy future residents will use a mobile app to book common facilities such as the clubhouse or tennis court. Homeowners will also use the app to control door access, lighting and air-conditioning remotely.
In the meantime, The Clementi Canopy showflat preview period will extend for another weekend. The balloting will start on February 25.
UOL has noted transactions increase at its previous launches since the year started.
Seventy Saint Patrick and Thomson Three, both in Marine Parade have been fully sold. Only 9 units are remaining at Botanique at Bartley, a condo with 797 units. The Riverbank @ Fernvale, a 555 unit condo in Sengkang which features facilities of bike-sharing has 18 units remaining. Prince Charles Crescent’s Principal Garden has more than 50% of its units sold.
Analysts have noted that the housing market improved sentiment continues from the good 2016 take up where 7,972 units were sold, a 7.2% increase from what was recorded in 2015.