Parc Clematis has reached a new price high, setting a record of $2,490 per square foot (psf) after the sale of a three-bedroom unit for $2.6 million on June 9, 2025. This transaction marks a significant milestone in the development’s pricing trajectory and reflects the growing demand for luxury properties in the area. The new record psf price surpasses the previous high of $2,394 psf, achieved only a few months earlier on March 12, 2025, when a similar three-bedroom unit sold for $2.5 million. Such remarkable growth in property values underscores the increasing desirability of Parc Clematis among homebuyers.
Completed in 2023, Parc Clematis is a vast development comprised of 1,450 units organized into nine 24-storey towers. This expansive project has attracted a diverse range of buyers, from families seeking spacious homes to investors looking for lucrative opportunities in the real estate market. The recent sales indicate a robust interest in the property, particularly as the luxury segment continues to thrive in Singapore.
As of June 13, 2025, Parc Clematis has reported an average resale price of approximately $2,132 psf across 41 transactions. This figure illustrates the overall market performance of the development, balancing out the extraordinary highs achieved through selective sales. The strong resale values demonstrate a healthy demand foundation, indicating that buyers are willing to invest significantly in prime real estate.
The development’s appeal is further underscored by its impressive portfolio of units, including the most expensive sale to date—a 2,605 sq ft penthouse that fetched $4.18 million, translating to $1,605 psf in September 2022. The relative affordability of this high-end unit, when compared to the recent record-setting three-bedroom unit, showcases the potential for value appreciation in the luxury segment of Parc Clematis.
The factors contributing to the heightened interest in Parc Clematis include its strategic location, modern amenities, and the reputation of the developer. The presence of nearby schools, shopping centers, and transportation options enhances its attractiveness to families and professionals alike.
Such proximity to essential services ensures that residents can enjoy a convenient lifestyle while also benefiting from the potential for capital growth in their property investment.
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News Source: Edgeprop
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