July 9 to 16 (The article is about Parc Clematis, which reached a new psf-price peak during the week of July 11 to 18. A three-bedroom unit on the 19th floor was sold for $2.69 million, surpassing the previous high of $2.490 set in June. It also includes information about two other condo developments that achieved new psf-price highs.)Parc Clematis, located along Jalan Lempeng in Clementi, has been making headlines in the property market for setting new price highs. The development, which is a 99-year leasehold mega condo, topped the list of private non-landed properties to reach a new psf-price peak during the week of July 11 to 18. This record-breaking sale of a 1,044 sq ft, three-bedroom unit on the 19th floor was transacted for a whopping $2.69 million on July 14. This translates to a psf price of $2,575, surpassing the previous high of $2,490 set in June when another three-bedroom unit on the sixth floor was sold for $2.6 million. In terms of absolute price, the most expensive unit at Parc Clematis was sold in September 2022 for $4.18 million ($1,605 psf), making it the highest-priced unit to transact at the development so far. The new record at Parc Clematis was set with the sale of a 1,044 sq ft unit for $2.69 million on July 14. (Photo: Samuel Isaac Chua / ) Parc Clematis has been making waves in the property market since its completion in 2023. The development comprises nine 24-storey tower blocks and houses 1,450 units. It offers a range of units from one-bedroom apartments to five-bedroom penthouses, with sizes ranging from 452 sq ft to 2,669 sq ft. Additionally, it also offers six two-storey strata terraced homes of 3,832 sq ft each. The prime location of Parc Clematis in District 5 adds to its appeal. It is also within a 1.5 km radius of reputable schools such as Clementi Primary School, Nan Hua Primary School and Clementi Town Secondary School. So far, the development has seen 48 transactions in 2025 as of July 18, with the average price being around $2,153 psf. Tiara, a freehold condo along Kim Seng Walk in prime District 9, was next on the list of condo deals that resulted in a new psf-price high. A three-bedroom unit on the third floor was sold for $3.3 million on July 18, setting a new psf-price record of $2,453 for the development. Tiara achieved a new high of $2,453 psf with the sale of a 1,346 sq ft unit on July 18. (Photo: Google Streetview) Tiara was completed in 1995, and it houses 264 units across a single 35-storey residential tower. It offers a mix of two- and three-bedroom units ranging from 893 sq ft to 1,561 sq ft. Its strategic location near the upcoming Great World MRT Station on the Thomson-East Coast Line, as well as its proximity to amenities such as Zion Riverside Food Centre and Great World City shopping mall, adds to its allure. Furthermore, its location within 1km of Alexandra Primary School and River Valley Primary School is a bonus for families with school-going children. Another development that achieved a new psf-price high is Dormer Park, which saw the sale of a 1,238 sq ft two-bedroom unit for $2.7 million ($2,181 psf) on July 17. Dormer Park reached a new high of $2,181 psf with the sale of a two-bedroom unit for $2.7 million on July 17. (Photo: Google Maps) This record-breaking transaction surpasses the previous high of $2,079 psf set in June when another four-bedroom unit on the 24th floor was sold for around $5.13 million. Dormer Park, completed in 1993, is a freehold development comprising 92 residential units. Similar to Tiara, it also offers a mix of two- to four-bedroom apartments, with sizes ranging from 1,227 sq ft to 2,540 sq ft. Notably, it is located in close proximity to Bishopsgate-Chatsworth Good Class Bungalow enclave, adding to its exclusivity. The average resale prices at Dormer Park over the past 12 months stand at $2,045 psf, surpassing that of nearby freehold condos such as Jervois Regency and Jervois Close, which have average resale prices of about $1,969 psf and $1,826 psf respectively. In summary, these three developments have achieved new psf-price highs, cementing their positions as highly sought-after properties in the market.
When considering investing in a condo, it is crucial to also evaluate its potential rental return. Rental yield refers to the annual rental income as a percentage of the property’s purchase price. In Singapore, the rental yields for condos can vary greatly depending on factors such as location, property condition, and market demand. Generally, areas with high rental demand, like those near business districts or educational institutions, offer more attractive rental yields. To gain a deeper understanding of a specific condo’s rental potential, it is advisable to conduct thorough market research and seek advice from real estate agents. New Condo Launches can also provide valuable insights in this regard.