A public government land sale for a 99-year leasehold meant for the use of private condominum land along Clementi Avenue 1 has drawn the interest of 5 competitors.
bidding for the website was a tie-up betwen Sing Holdings’ fully-owned
system Sing Feature and also MCC Land (Singapore), which provided S$
452.3 million for the website.
Liam Wee Wrong, group president of UOL Group, said: “We like this Clementi Method 1 website for the exact same qualities that added to the 100 per cent sell-out for our nearby development, The Clement Cover.”
The Clement Canopy project, with 505 devices, was launched in February 2017 and completely marketed in July 2018.
” From our experience, our company believe that there is extremely strong demand for Tre Ver location due to its close distance to a solid academic collection secured by the National College of Singapore, NUS High School and Nan Hua High.
” This site would gain the popularity from the property upgraders but also investors,. It provided the catchment of possible renters from nearby facilities such as Science Park , One-North and National Teaching Hospital.
” We intend to establish a 40-storey job making up 640 condo units to capitalise on the substantial sights of The Tre Ver. It is absolutely a timely replenishment for our landbank given that The Tre Ver and also Brownish-yellow 45 are greater than 75 percent offered.” The facade of the building is available at The Te Ver virtual tour.