As the real estate market continues to evolve, Parc Clematis has achieved a remarkable milestone by setting a new price high of $2,490 per square foot (psf) with the recent sale of a three-bedroom unit for $2.6 million on June 9, 2025. This significant transaction not only highlights the desirability of the development but also reflects the robust demand within the District 5 property market.
The new psf record surpasses the previous high of $2,394 psf, which was established just a few months earlier on March 12, 2025, when another similar unit sold for $2.5 million.
Parc Clematis, completed in 2023, is a noteworthy development comprising 1,450 residential units, which has garnered attention from both homebuyers and investors alike. The recent spike in resale prices is indicative of a thriving market, bolstered by strong buyer confidence and a strategic location that appeals to various demographics.
As of June 13, 2025, the development has recorded a total of 41 resale transactions, with an average price hovering around $2,132 psf. This trend showcases a steady appreciation in value, suggesting that the area is becoming increasingly attractive to potential buyers.
The most expensive unit sold in Parc Clematis to date was a 2,605 sq ft penthouse, which fetched $4.18 million, translating to a price of $1,605 psf in September 2022. While this figure is lower than the recent psf milestone, it underscores the varying price points within the development, catering to different segments of the market.
The penthouse sale exemplifies the luxury appeal of Parc Clematis, attracting affluent buyers seeking spacious and upscale living options.
The escalating prices in Parc Clematis can be attributed to several factors, including the ongoing urban development in the surrounding areas, improved transportation links, and an overall increase in the standard of living.
As more amenities and facilities are introduced to the district, the value of residential properties naturally rises. Investors are keenly aware of these trends, which in turn fuels their willingness to engage in competitive bidding for available units.
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News Source: Edgeprop
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