ABOUT THE EN BLOC SALES

Park West en bloc has been launch into a tender for the third time. The site who was been into collective sale until its close in December 2017 is sold to SingHaiyi Group for $840.9 million. The site that is located adjacent to Jalan Lempeng in the Clementi area has a plot ratio of 2.1.

The Park West development is a luxurious development in the west region of the country. It has been into the tender launch with an attractive price of $788 per square foot per plot ratio. This asking price for the property catches the developers’ attention to enter bids for this hot en bloc.

This en bloc sale has been included in the Top 5 Sale of 2018 coming in at third spot while Pacific Mansions and Tulip Garden at first and second spots consecutively.

The sale is marketed by Huttons Asia and is a joint enterprise by SingHaiyi Land and Haiyi Wealth, a sole subsidiary of SingHaiyi Group.

Park West has a land area of 633,644 square feet with a 99-year leasehold tenure. The unit sales of its neighboring properties like Clement Canopy and The Trillinq showcase a promising future for the future development of the area.

Park West

PARK WEST LOCATION

Situated at Jalan Lempeng in District 05, the property is one of the finite sites in the western region of Singapore that has been eyed by developers to have a promising future. This is close to Parc Clematis which is one of the promising residential properties by the renowned Sing Haiyi Gold Pte Ltd. Top distinguished schools are within the immediate distance from the property which includes Clementi Town Secondary School, Clementi Primary School, The Japanese School Singapore, International Community School, Pei Tong Primary School and Commonwealth Secondary School.

The site is not only a place with neighboring schools, there are also a few nearby shopping malls that are within a few minutes drive away. These malls include West Coast Plaza, 321 Clementi, and Phoon Huat. An array of F&B establishments surrounds the property. Dining hubs like Birdfolks Fried Chicken, Ah Hoe Mee Pok, Ayer Rajah Food Centre, SP Food Court and Food Pavilion offers scrumptious cuisines that will serve you a satisfactory dining experience.

With various amenities within range, the residents of Park West will have the convenience of reaching these establishments with great ease via a number of bus hubs and MRT stations like Clementi MRT, Regent Park Bus Stop, and Hong Leong Shopping Centre Bus Stop to name some.

Aided by the Ayer Rajah Expressway (AYE), Clementi Avenue, West Coast Highway, and Clementi Road, vehicle owners will have the comfort of reaching far distant destinations within a few minutes time from driving through these major roads.

 

MODE OF TRANSPORT

  • Clementi MRT
  • Ayer Rajah Expressway (AYE)
  • West Coast Highway

 

NEARBY AMENITIES

  • West Coast plaza
  • Ayer Rajah Food Centre
  • The Japanese School Singapore
  • SP Food Court

 

POTENTIAL OF THE SITE

Park West en bloc is a potential home to 432 residential units that will be under the supervision of the SingHaiyi Groups. The site which offers an attractive $788 psf ppr price has attracted various bids from developers. The winning developer sees a great opportunity for the site as the demand for residential properties in the area is highly notable.

Potentially, the site can be redeveloped into a residence with a gross floor area of up to 1.33 million square feet, huge enough to house a great array of units and an excellent range of modern facilities that residents will find very convenient and enjoyable.

Park West is close to upcoming high-speed rail terminal station making the future development more in demand to home hunters.

As the Jurong East becoming the second Central Business District, more developments and establishments will be seen rising in the area giving the future residence a great opportunity to achieve a high rental yield for its units. A competitive price range is expected to be released that will attract buyers and investors.

 

PARK WEST NEW CONDO REGISTRATION OF INTEREST

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Park West
Park West

Park West en bloc has been launch into a tender for the third time. The site who was been into collective sale until its close in December 2017 is sold to SingHaiyi Group for $840.9 million. The site that is located adjacent to Jalan Lempeng in the Clementi area has a plot ratio of 2.1.

Product Currency: SGD

Product Price: 840900000

Product In-Stock: InStock