Parc Clematis has recently achieved a remarkable milestone in the real estate market, setting a new price high of $2,490 per square foot (psf) following the sale of a three-bedroom unit for $2.6 million on June 9, 2025. This sale represents a significant moment for the development, which has seen a steady rise in its market value since its completion in 2023. The impressive price point not only underscores the desirability of the units within Parc Clematis but also highlights the increasing demand for residential properties in District 5, where the development is located.
The recent sale surpasses the previous record of $2,394 psf achieved just a few months prior, on March 12, 2025, when a similar three-bedroom unit sold for $2.5 million. This consistent upward trend in pricing indicates a robust market for luxury condominiums in the area, reflecting broader trends in real estate that favor upscale developments. The surge in prices can be attributed to a combination of factors, including limited supply, strong buyer interest, and the attractive amenities offered by Parc Clematis.
Parc Clematis comprises 1,450 units, and as of June 13, 2025, the average resale price across these units stands at approximately $2,132 psf. This figure demonstrates a healthy market performance, with the recent record-setting sale contributing significantly to the overall valuation of the development. It is evident that buyers are willing to invest substantially in properties that offer a combination of luxury, location, and amenities.
The most expensive unit sold at Parc Clematis thus far was a penthouse measuring 2,605 sq ft, which fetched $4.18 million back in September 2022, translating to $1,605 psf. While this price point is considerably lower than the recent record established, it highlights the premium buyers are prepared to pay for larger living spaces within the development. The continued appreciation in unit prices suggests that Parc Clematis is solidifying its reputation as a premier residential choice in the region.
The strong demand reflected in the recent sales points to a broader trend of increasing valuations for condos in District 5, an area that has become increasingly attractive to both local and foreign investors. The combination of a prime location and high-end living conditions has made Parc Clematis a sought-after choice for homeowners and investors alike.
NEW CONDO LAUNCH: RIVER GREEN
River Green is an upcoming condominium project set to launch in 2025, offering a range of one to five-bedroom units tailored for diverse lifestyles.
With modern amenities such as a swimming pool and fitness center, this development promises a high-quality living experience. It is strategically located near public transport and educational institutions, making it ideal for families and professionals.
The River Green price is expected to be competitive, reflecting the rising property values in the area. For more information, including the River Green floor plan and project details, interested buyers can access the River Green e-brochure.
View River Green ShowFlat & Get VVIP Discount. Register or contact 6100 8822 to book showflat appointment.
News Source: Edgeprop
Images are not actual photos. For illustration purpose only.
