Register now and get the best possible deals from the developers. If you are affected by the new cooling measures and want to take advantage on them to stay invested, or lock in your profits, let us know your concern and we are glad to assist you.

Click Here To Minimize / Maximize

A Successful En-Bloc of Park West Condo

Brought to You by SingHaiYi

Please Register HERE for
More Information and Updates

PROJECT DETAILS

 
 

SingHaiYi won the collective sales at Old Park West in the 1st quarter 2018. This land parcel is bounded by Ayer Rajah Expressway (AYE), Clementi Avenue 6 and Jalan Lempeng.. It has a site area of 633,644 square feet.


New Condo at Jalan Lempeng is walking distance away from the Clementi Bus Interchange and the Clementi (EW23) Train Station which operates the East West Line. This comprehensive public transport network will provide pleasant commuting experiences for New Condo at Park West’s future residents. It will take about 20 minutes to get the city by train. New Condo at Jalan Lempeng is just next to the Ayer Rajah Expressway (AYE) which connects from the East to the West of Singapore.


A lot of fun filled activities awaits as New Condo at Jalan Lempeng is close to Clementi Sports Hall, West Coast Recreation Centre and West Coast Park. Those living there can also access to plenty of amenities in Clementi Central. There are supermarkets, banks, shopping malls, wet market, food centre, retail and eating outlets. The Clementi Mall, that is located just opposite of the Clementi Train Station, offers many shopping and dining facilities such as supermarket, food court, numerous retail shops and eating establishments to New Condo at Jalan Lemoeng's future residents.

There are also many schools nearby, especially Tertiary institutions. Some of the schools nearby include Nan Hua Primary School, Clementi Primary School, Pei Tong Primary School, Clementi Town Secondary School and the School of Science & Technology. Tertiary education facilities such as Singapore Polytechnic, Ngee Ann Polytechnic, INSEAD, National University of Singapore and SIM University are short drives away from New Condo at Jalan Pempeng.


The rental demand for New Cono at Jalan Lempeng will come from those working in the nearby One-North Fusionpolis and also Internationl Business Park in Jurong. Although Holland area is nearer to One-North and Fusionpolis, the rental market from those places are moving to projects around Park West. This is because Holland, being in a prime area, are asking for very high rents. The asking rent are more affordable in Clementi area which makes it more attractive for tenants. The shift of Japanese Schools to the west is also another factor for higher rental demand. There is a grow in demand from the Japanese communities in this area. 


For Pleasure of Ownership,
Please Register HERE and
we will contact you soonest!

 

Register with Us to
Get 
VVIP and
Early Birds Discounts
 
Are you idling
Your Cash and CPF
without realising
what a great impact
inflation has on
Your money you work and
save everyday?
Interest rates are
on the rise.

Are you affected by ABSD
and LTV Loan?
And would like to
take advantage on the
cooling measures to have
highest possible returns
and lock in your profits?
  
Leverage on your assets
and banks to Grow
Your Dollars over time
Register HERE to have More Options



 
 
Project  Jalan Lempeng Condo
Developer  SinHaiYi
Location  Jalan Lempeng
District  05
Tenure  99 years lease
Site Area   square metres/  square feet
GFA:     square metres/    square feet
Plot Ratio    
Expected TOP:
Total Units  Approximately xxxx residential apartments
Total Carpark
Development  Private condominium comprising of communal facilities
Unit Type:
Architect
Eligibility SC, SPR and Foreigners can buy

LOCATION and AMENITIES

LAND PARCEL SITE ALONG JALAN LEMPENG FORMER PARK WEST CONDO COLLECTIVE SALES SOLD THROUGH

SINGAPORE (Jan 11): SingHaiyi Group’s joint-venture firm, SingHaiyi Gold, is acquiring Park West condominium along Jalan Lempeng in Clementi in a collective purchase at a price of $840.9 million.

Owners of the property accepted SingHaiyi’s bid on Thursday, the group says in a filing to SGX.

This is Park West’s third collective sale attempt, after an earlier attempt in 2007 attempt failed to achieve the requisite 80% consensus among owners, and an en bloc tender in 2011 at an indicative price of $803 million did not receive any bids.

The 36-year-old property sits on a land area of approximately 58,867 sqm with a plot ratio of 2.1.

SingHaiyi Gold intends to apply to the Singapore Land Authority (SLA) for the grant of a fresh 99-year lease for the property and to lift the title restrictions in the state lease, which is estimated to incur a lease upgrading premium of $146.0 million.

In addition, an estimated differential premium of $144.6 million is payable to redevelop the site to a maximum permissible gross floor area of about 135,982.8 sqm.

According to SingHaiyi, the acquisition will be funded via internal resources and bank borrowings.

SingHaiyi in December had undertaken a rights issue to raise some $143 million in net proceeds, of which between 70-90% will be used to pursue property investments.

The Mainboard-listed real estate group says the en bloc purchase provides an opportunity to acquire a land site within an established residential area, and allows the company to expand its development portfolio in Singapore.

SingHaiyi Gold is a 50-50 joint venture between SingHaiyi Land and Haiyi Wealth.

SingHaiyi Land is a wholly-owned subsidiary of SingHaiyi Group, while Haiyi Wealth is an entity controlled by Gordon Tang and his wife Celine, who are the controlling shareholders and directors of SingHaiyi Group.

CONTACT US

You are only one-step away from owning a unit New Condo in Jalan Lempeng

Thank you for Your interest in New Condo in Jalan Lempeng.

Be among the first to view and book New Condo in Jalan Lempeng, a new life-style in Hougang, at the site of Park West Condominium, at the lowest pre-launch price

Enjoy attractive prices before the official public launch. Be the first to secure your choice unit

  • Latest updates on the development
  • Priority unit choice and selection
  • Enjoy early-bird VVIP Discounts
  • Direct Developer price
  • No Commission payable

Register for a copy of New Condo in Jalan Lempeng, Floor plans, E-Brochure, Pricing and Latest Updates!

vvip-preview

What is 3 + 2 :