{"id":47407,"date":"2017-03-10T10:33:05","date_gmt":"2017-03-10T03:33:05","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/200-units-sold-at-the-clement-canopy\/"},"modified":"2017-03-10T10:41:31","modified_gmt":"2017-03-10T03:41:31","slug":"200-units-sold-at-the-clement-canopy","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/200-units-sold-at-the-clement-canopy\/","title":{"rendered":"200 units sold at The Clement Canopy"},"content":{"rendered":"


\nProspective buyers at The Clement Canopy showflat in Clementi. (Photo: UOL Group)
\nThe Clement Canopy condominium recorded robust sales during its recent launch, with 200 units sold out of the 350 units released, reported Singapore Business Review, citing OCBC Investment Research.
\nUnits at the 99-year leasehold 505-unit project have an average selling price of $1,300 psf to $1,400 psf.
\nSituated close to the Clementi MRT station and the National University of Singapore, The Clement Canopy is a joint venture project between UOL Group and Singapore Land. The 140,300 sq ft site was awarded to the consortium after it submitted the highest bid of $30.2 million in a Government Land Sales (GLS) exercise in December 2015.
\n\u201cThe acquisition price translates to $615.04 psf and we estimate breakeven prices at $1,000 to $1,100 psf,\u201d said OCBC.
\n\u201cGiven the muted domestic residential market, we view this as a healthy launch performance and are encouraged at UOL\u2019s continued ability to create value through projects with good location and product attributes.\u201d
\n\u00a0
\nRomesh Navaratnarajah, Senior Editor at PropertyGuru, edited this story. To contact him about this or other stories, email romesh@propertyguru.com.sg
\n
\nSource : proppertyguru.com.sg\/Property Market
\nRead more…200 units sold at The Clement Canopy<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Prospective buyers at The Clement Canopy showflat in Clementi. (Photo: UOL Group) The Clement Canopy...<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[1],"tags":[],"class_list":["post-47407","post","type-post","status-publish","format-standard","hentry","category-property-news"],"jetpack_featured_media_url":"","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-ckD","jetpack-related-posts":[{"id":44380,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/over-5000-people-turn-up-at-the-clement-canopy-preview\/","url_meta":{"origin":47407,"position":0},"title":"Over 5,000 people turn up at The Clement Canopy preview","date":"February 17, 2017","format":false,"excerpt":"\r The Clement Canopy showflat drew a crowd of prospective buyers last weekend. (Photo: UOL Group) The Clement Canopy, a 505-unit condominium at Clementi Avenue 1, drew large crowds at the start of its preview last weekend. More than 5,000 people crammed into its showflat over two days to view\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":35120,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/uol-to-launch-new-projects-in-clementi-potong-pasir-in-next-two-years\/","url_meta":{"origin":47407,"position":1},"title":"UOL to launch new projects in Clementi, Potong Pasir in next two years","date":"November 21, 2016","format":false,"excerpt":"\r The Clement Canopy in Clementi is set to be launched in early 2017. (Photo: URA) Property developer UOL Group is planning to launch two new residential projects in Clementi and Potong Pasir over the next two years, reported Singapore Business Review, citing a report from OCBC Investment Research. The\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":104525,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/clementi-site-launched-for-sale-could-yield-640-homes\/","url_meta":{"origin":47407,"position":2},"title":"Clementi site launched for sale, could yield 640 homes","date":"March 1, 2019","format":false,"excerpt":"\r Located adjacent to The Clement Canopy, the site is easily accessible to Jurong Lake District and the CBD. A private residential site at Clementi Avenue 1 that could potentially yield a maximum of 640 housing units was launched for sale via public tender, revealed the Urban Redevelopment Authority (URA)\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":43595,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/two-highly-anticipated-condos-to-launch-in-coming-weeks\/","url_meta":{"origin":47407,"position":3},"title":"Two highly anticipated condos to launch in coming weeks","date":"February 10, 2017","format":false,"excerpt":"\r Artist\u2019s impression of Grandeur Park Residences, a new condominium in the east. Source: CEL Development\u00a0 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,\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":37324,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/7-upcoming-projects-to-look-out-for-in-2017\/","url_meta":{"origin":47407,"position":4},"title":"7 upcoming projects to look out for in 2017","date":"December 7, 2016","format":false,"excerpt":"\r Aerial view of the Clementi Avenue 1 site. Source: URA A slew of new residential projects are set to launch next year, and are expected to attract keen interest from home buyers. Some sites to watch out for are: 1) Siglap Road The 1.93ha site at Siglap Road was\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":67062,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/uol-to-ride-on-housing-market-rebound\/","url_meta":{"origin":47407,"position":5},"title":"UOL to ride on housing market rebound","date":"September 21, 2017","format":false,"excerpt":"\r The Raintree Gardens site was purchased in a UOL-led joint venture for $334.2 million. (Photo: JLL) UOL Group is expected to benefit from the recovery in Singapore\u2019s housing market as it had managed to acquire development sites at good prices, reported the Singapore Business Review. In particular, KGI believes\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/47407"}],"collection":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/comments?post=47407"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/47407\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=47407"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=47407"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=47407"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}