Parc Clematis has achieved a notable milestone in the real estate market, setting a new price high of $2,490 per square foot, eclipsing the previous record of $2,394 per square foot established earlier this year. This new benchmark was solidified by the sale of a three-bedroom unit for $2.6 million on June 9, 2025. The remarkable sale has not only contributed to the existing price high but also reflects the robust demand for properties within the development and the surrounding District 5 area.
The significance of Parc Clematis’s new price high cannot be understated. It underscores a growing investor confidence in the real estate sector, particularly in the luxury condominium market. The average price for recent resale transactions stands at approximately $2,132 per square foot, with 41 transactions recorded as of June 13, 2025. This statistic indicates a steady interest in the property, resonating with potential buyers and investors who see value in acquiring units at Parc Clematis.
The development’s trajectory has been impressive, especially considering its most expensive unit to date—a 2,605 square foot penthouse sold for $4.18 million in September 2022, which translates to $1,605 per square foot. This sale illustrates the potential for high-value transactions within the building, setting a precedent for future sales. It is evident that the property market is evolving, with increased valuations being observed in the area.
The recent surge in prices at Parc Clematis aligns with broader trends in the real estate market, where luxury condominiums have been increasingly sought after. The heightened demand can be attributed to several factors, including the desirable location of District 5, which offers proximity to amenities, schools, and transport links. As a result, buyers are more willing to invest in high-end units, propelling prices to new heights.
Moreover, the successful sales at Parc Clematis demonstrate the allure of modern living spaces tailored to meet the needs of contemporary homeowners. The features and amenities offered by the development cater to a demographic that values both sophistication and convenience, further driving interest and investment.
With the recent record-setting sale, industry experts are keenly observing how the market will respond in the coming months. Will prices continue to rise, or will there be a stabilization? The consensus remains that Parc Clematis is well-positioned to capitalize on the current trend, given its strong sales performance and the overall attractiveness of the property.
NEW CONDO LAUNCH: LYNDENWOODS
LyndenWoods is a newly launched condo development offering a variety of units for sale, including one-bedroom and family-sized options.
Located in a prime area with easy access to amenities, this project is expected to attract significant buyer interest amidst rising market trends.
Potential investors can explore the LyndenWoods Condo Floor Plan and pricing details through the LyndenWoods Condo Ebrochure.
To experience the project firsthand, interested buyers are encouraged to visit the LyndenWoods Showflat.
View LyndenWoods Condo ShowFlat & Get VVIP Discount. Register or contact 6100 8822 to book showflat appointment.
News Source: Edgeprop
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