Straits Times – Private home prices jump by 3.1% in first quarter of 2018
11/Jun 2018 – #06-07 Sold
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03/Jun 2018 – #11-11 Sold
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19/May 2018 – #11-07 Sold
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12/May 2018 – #06-02 Sold
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25/Apr 2018 – #09-07 Sold
24/Apr 2018 – #29-02 Sold
21/Apr 2018 – #27-11 Sold
19/Apr 2018 – #34-11 Sold
17/Apr 2018 – #15-11 Sold
Now that Singapore housing market is showing signs of growth again (at least in the first quarter of 2018), locals and foreign investors have started to notice the island in regards to its housing market value and have started to take actions to invest in it.
New housing projects for the private sector in Singapore more often than not, cater to an exclusive target audience, the wealthy.
They frequently offer incredibly convenient locations, making it fairly easy to move around MRT stations and Bus stops, as well as highways and expressways.
|Name of development||The Clement Canopy|
|Developer||Singland Homes Pte Ltd JV UOL Ventures Pte Ltd|
|Type||Condominium (Foreigners eligible 外国人有资格)|
|Land Size||13,037.9 sqm / 140,340 sqft|
|Land Tenure||99 years leasehold w.e.f. 9 March 2016|
|Expected T.O.P.||30 Nov 2020|
|Address||Clementi Avenue 1|
|Number of Units||505|
|Block / Storey||2 blocks of 40 storey high|
|Bedroom Type||2 bedroom; 2 bedroom Premium; 3 bedroom; 3 bedroom + Guest; 4 bedroom|
|Condominium Facilities||Basement and multi-storey carpark; Family Pool, Island Pool, Bubble Pool, Aqua Gym, Waterfall Spa, Entertainment room, Reading Lounge, Private Dining, Indoor Gym, Lap Pool, Poolside Grill, Garden Grill, Canopy Grill, Cabana, Kids’ Playground, Tennis Court and etc.|
|Architect||ADDP Architects LLP|
|Landscape Architect||Ecoplan Asia Pte Ltd|
|Interior Designers||Index Design Pte Ltd|
|Main Contractor||Dragages Singapore Pte Ltd|
Not only have they made it easy to move around, they locate the buildings in such a manner that the people living inside have everything they could possibly need within a 1 km or a 2 km radius.
Whether they need schools, grocery stores, markets, restaurants or entertainment they will have them within a short distance. Besides the luxury offered inside these projects, they also offer functionality and convenience; this makes the units not only pretty but sustainable as well.
Eco friendly technology is also being used now as environmentally friendly and sustainable architecture is a strong trend at this, and it has been shown to attract clients and investors as it is most of the time very eye catching and less likely to depreciate.
One of the recent projects that showcase all of these features in terms of market, luxury and sustainable technology is the Clement Canopy, a project under charge of UOL Group Limited and Singapore Land Limited.
The Clement Canopy address is located in District 5, specifically on Clementi Avenue 1. The Clement Canopy residences will cover an area of 140,338 sq ft, shared between two super tall 40 storey towers located next to each other displaying a total number of 505 units and a communal area featuring various amenities divided into 3 floors.
On this condo review we will go through every aspect of The Clement Canopy project to give you a good idea of why you should invest in it.
The Clement Canopy Entrance. Presenting an elegant and modern design here we can observe the Clement Canopy Entrance. This luxurious part of the building is designed to take your breath away from the moment you approach it, everything you can see from outside is in line with what you can expect inside.
The Cheapest Condos In Singapore
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Ideal for Local and Foreign Investors
Both local and foreign investors should get involved around this project as well as anyone that wishes to make a smart move with their money as this property is very innovative and possesses extremely high end features such as pools with trees inside and round them.
It is also still in construction, which adds the hype factor to the equation, making the prices go up as the project is being finished and the apartments get sold out. Adding this on top of the private housing market rise is a recipe for high profits with a very good margin.
Investing on The Clement Canopy units will also give you the chance to rent the apartments, which is an action that could turn into a steady income, which is always a smart investment.
The Clement Canopy Area Location. Here we can observe The Clement Canopy Condominium surrounded by all the amenities nearby. Here we can pinpoint how close hospitals, malls and parks are to the residences.
As we mentioned before in this review for the Clement Canopy Condos, the demand for land in Singapore is very high. This is advantageous for investments in Clement Canopy because there is a lack of new housing projects right now in the Clementi Neighborhood, making the demand grow higher in the area. This is obviously a heavy reason to invest as it is almost certain that the investment will grow and generate profits.
The List of Overseas Property Investment
Do you know that the downpayment for the cheapest unit in Singapore could possibilly get you a fully paid unit in Thailand, Bangkok or Vietnam?
Allowing you to start receiving Full Passive Rental Incomewith 0 Monthly Instalment and ABSD.
On top of that, the capital appreciation are usually muchfaster due to the low quantum!
Condos That Are Near To Popular Schools
This PDF is especially useful for people with children and students as it will allow them to find incredible Condo’s located less than 1km from the top schools in Singapore.
This PDF will essentially provide you with a list of the most reliable Condos located near one or several good schools along with organized information. This information will go from location to transportation, which are the main things one looks for when looking for a Condo near a good school.
A Healthy Lifestyle, Parks And Outdoor Activities
The Clement Canopy, even if the developers didn’t intend it, which I doubt, promotes a healthy lifestyle as it is within walking distance of various parks like, Clementi Woods, West Coast, Kent Ridge and Telok Blangah, making it easier to participate in outdoor activities such as sports, yoga or just running.
Schools Near The Clement Canopy
A location is not privileged unless it has some of the best schools of Singapore within short driving distance, and the Clement Canopy is surrounded by first class schools such as Nan Hua Primary and High School, Clementi Primary School, Tanglin Secondary School, Singapore Polytechnic and National University of Singapore all within 1 or 2km radius.
The Clement Canopy Located Near NUS and Nan Hua. Because of its convenient location, the Clement Canopy is able to offer access to several schools within short driving distance. This is evidence that education is one of the fundamental needs for the Singaporean people.
Education is a staple in Singapore society and it has a high standard so having access to many of the best schools in the country is certainly a symbol of status and a way to ensure that everyone in the family is educated.
It is also a way of saving time as the residents of The Clement Canopy Singapore will not have to lose time driving long hours to reach the school, making it possible to invest that time in other activities such as sports and music.
Condos That Are Near to MRT Stations
Transportation is a big issue when looking for a Condo in Singapore as it is one of the most important aspects people take into consideration.
Downloading this PDF will allow you to get a detailed list of the best condos located at walking distance from MRT stations, this will help you save time both when searching for a condo and when you live in it.
Comprehensive List of Penthouse in Singapore
Downloading this PDF will allow you to get the best deals in the most luxurious and extravagant penthouses in Singapore.
The penthouses featured in this PDF are certainly the best, but that doesn’t mean they are the most expensive. With this PDF you will find out which penthouses are really priced at their value. It will help you save time when looking around for penthouses.
Easy Payment Schedule Of The Clement Canopy
Payment schedule for The Clement Canopy is as follows:
Booking the property & Signing of Sale and Purchase Agreement
you will have to pay a 5%booking fee (Cash/ Cheque) and the Option to Purchase (OTP) will be granted.
The “Developer” will then mail the Sale and Purchase (S&P) Agreement to your banker’s solicitor or to you.
After receiving the S&P you will have to check the date in it as you will be given only 3 weeks from that date to proceed with the S&P.
Within 8 weeks
from the day the option money is paid, you will have to pay the remaining 15%.
You can use your CPF to pay for this and any remaining shortfall will be paid for by Cash.
It is very important that you understand and write down this schedule especially if your CPF does not have enough to cover the amount needed to prepare the necessary Cash if it’s necessary to pay a shortfall
Sales Completion Date
Also you should remember that this amount will depend on your LTV (Loan To Value), e.g. if your LTV is 70% then the balance amount to be paid is 25%, 15% to be paid on exercising day, balance 10% will be paid by progressive stages
(Example foundation work completed).
Stamp Duty (3% less $5,400, Cash/CPF outlay) | Additional Stamp Duty (% of the Purchase Price)
Within 14 days of signing the S&P agreement (or within 30 days if the agreement is signed overseas), you will have to pay the Stamp Duty (3%) / Additional Stamp Duty (5% – 15%) (Cash/CPF outlay) to IRAS (Inland Revenue Authority of Singapore).
Progress Payments using Housing Loan
From this point onwards, you can start using funds from your housing loan, which can be up to 80% of the purchase price.
The tenure of the loan can be up to 30 years, depending on your age. You will have to make payments as follows:
- 10% upon completion of foundation work (Estimated 6-9 months later from work commencement)
- 10% upon completion of reinforced concrete framework of unit (Estimated 6-9 months later)
- 5% upon completion of brick walls of unit (Estimated 3-6 months later)
- 5% upon completion of roofing and ceiling of unit (Estimated 3-6 months later)
- 5% upon completion of electrical wiring (without fittings), internal plastering, plumbing and installation of doors and window frames of unit (Estimated 3-6 months later)
- 5% upon completion of completion of car park, roads and drains serving the housing project (To be advised)
- 25% upon receiving Notice of Vacant Possession and Temporary Occupation Permit (TOP), and the last 15% upon Completion Date, when you receive your CSC (To be advised).
The Clement Canopy will certainly be one of the most beautifully designed properties in Singapore, featuring incredible looks and environmentally friendly functionality as well as an advantageous location and proximity to transport.
On top of that we can add the caliber of its developers UOL and SingLand which will certainly make sure that the property is as high end as it needs to be to have a place inside their impressive portfolios.
When Clement Canopy is finished it will most likely be a candidate to win an award for design and sustainability as well as for having zero negative impact in its constructions zone, which in turn will increase its market value and help smart investors secure their profit.
Also read: Property Taxes in Singapore