The Urban Redevelopment Authority (URA) has sold a residential site in Clementi Avenue 1 as part of Government Land Sales (GLS), 1st quarter of 2016. This site is anticipated to place 500 residential apartment units.
SingLand Homes and UOL Venture Investments won the top bid of S$302.1 million which translates into S$615 per square foot per plot ratio (psf ppr). The break-even price for this plot of land is around S$1100psf.
New and forthcoming condominium, The Clement Canopy in Clementi Avenue 1 is near to Dover Road and Commonwealth Avenue West. It is opposite of the International Community School. It’s close by to Nan Hua High School that is separated by Clementi Avenue 1. New Condo is beside NUS High School Of Science And Mathematics. The site of New Condominium is a member of a former Housing Development Board (HDB) estate.
The Clement Canopy in Clementi Avenue 1 is approximately 900 m away from Clementi Town Centre when the Clementi Bus Interchange and the Clementi MRT Station. The East West Line which has one of the broadest coverage to various parts of the island is operated by the Clementi MRT Station. Future residents may also locate conduit of conveniences when it comes to commuting to various parts of isle with the many bus services accessible at the Clementi Bus Interchange.
It takes about 12 minutes to drive from The Clement Canopy @ Clementi Avenue 1 to the Central Business District (CBD) and Orchard Shopping Belt. New Condominium is also highly accessible to various parts of the island with the nearby Ayer Rajah Expressway (AYE). This expressway can easily link various expressways like the Central Expressway (CTE) and also the Pan Island Expressway (PIE).
In terms of day-to-day conveniences from dining, shopping, amusement demands to getting basic necessities, future residents of The Clement Canopy in Clementi Avenue 1 can take a short walk down to the West Coast Plaza and there are more options available at Clementi Town Center where the Clementi Mall and Cityvibes shopping malls can be found.
Future residents may also get fresh market produce and also economical and yummy local food at the Clementi Avenue 3 Block 448 Market and Food Centre. Other food centres that are only short drives away from New Condominium comprise Clementi West Street 2 Block 726 Marketplace And Food Centre, Clementi Avenue 2 Block 353 Market and Food Centre, West Coast Drive Block 503 Food Centre, West Coast Drive Block 502 Marketplace and Dover Road Block 33 Marketplace And Food Centre.
Schools nearby The Clement Canopy includes