The final land plot along Clementi Ave 1 was announced on the 7 Jun 2022, as part of the government's 2H 2022 GLS land plots.
This land plot comes after the well-received projects The Clement Canopy and Clavon, which are on either side of this new land plot.
This project site will be made available for Developer Application in Nov 2022, after which it will be moved to the Tender Stage, where it will be awarded to a winning Developer.
It enjoys the advantage of being situated in the popular Clementi estate, directly opposite Nan Hua High School and near to NUS High and NUS.
This final land plot along Clementi Ave 1, is part of the government's GLS announcements for 2H 2022.
It should not be confused with the earlier launches The Clement Canopy and Clavon, both of which are also situated along Clementi Avenue 1.
15 Nov 2023
The Urban Redevelopment Authority (URA) has awarded the tenders for the sites at Clementi Avenue 1, Pine Grove (Parcel B) and Lorong 1 Toa Payoh to the highest tenderers, namely CSC Land Group (Singapore) Pte. Ltd. and Caspian Residential 3 Pte. Ltd. for the site at Clementi Avenue 1; Golden Ray Edge 3 Pte. Ltd. for the site at Pine Grove (Parcel B); and CDL Constellation Pte. Ltd., Frasers Property Phoenix Pte. Ltd. and Sekisui House, Ltd. for the site at Lorong 1 Toa Payoh.
The sites at Clementi Avenue 1 and Pine Grove (Parcel B) were launched for tender on 15 August 2023 while the site at Lorong 1 Toa Payoh was launched on 5 September 2023. The tenders for these sites closed on 7 November 2023. The sites were offered for sale on 99-year lease terms.
| LOCATION | ALLOWABLE DEVELOPMENT | SITE AREA | MAXIMUM PERMISSIBLE GROSS FLOOR AREA (GFA) | SUCCESSFUL TENDERER | TENDERED PRICE ($PSM of GFA) |
|---|---|---|---|---|---|
| Clementi Avenue 1 | Residential | 13,451.1 m2 | 47,079 m2 | CSC Land Group (Singapore) Pte. Ltd. and Caspian Residential 3 Pte. Ltd. | $633,447,945.00 ($13,455.00) |
| Pine Grove (Parcel B) | Residential | 25,039.2 m2 | 52,583 m2 | Golden Ray Edge 3 Pte. Ltd. | $692,388,000.00 ($13,167.53) |
| Lorong 1 Toa Payoh | Residential | 15,743.0 m2 | 66,121 m2 | CDL Constellation Pte. Ltd., Frasers Property Phoenix Pte. Ltd. and Sekisui House, Ltd. | $968,000,000.00 ($14,639.83) |
CDL, Frasers Property and Sekisui House tie-up is highest bidder for Toa Payoh plot, at S$1,360 psf ppr
The Clementi Avenue 1 site drew six bids.
The highest, from a JV between MCL Land and CSC Land Group (Singapore), was nearly S$633.45 million, or S$1,250 psf ppr. The second-highest bid for this parcel, from the tie-up betweeen CDL, Frasers Property and Sekisui, was S$1,201.55 psf ppr.
The lowest bid, at S$885.40 psf ppr, was from a tie-up between Hoi Hup Realty and Sunway Developments.
To manage traffic in the area, a 501-housing unit cap has been set for the site.
Land plots mentioned : Pine Grove (Parcel B) , Clementi Ave 1 , Toa Payoh Lorong 1
The Urban Redevelopment Authority (URA) closed the tender for 3 sites at Clementi Avenue 1, Pine Grove (Parcel B) and Lorong 1 Toa Payoh today.
The public tender for the two sites at Clementi Avenue 1 and Pine Grove (Parcel B) was launched on 15 August 2023 while the tender for the site at Lorong 1 Toa Payoh was launched on 5 September 2023.
This is not an announcement of tender award. A decision on the award of the tender will be made after the bids have been evaluated. This will be publicised at a later date.
LAND PARCEL AT CLEMENTI AVENUE 1
ALLOWABLE DEVELOPMENT : RESIDENTIAL
SITE AREA : 13,451.1 m²
MAXIMUM PERMISSIBLE GFA : 47,079 m²
DATE OF LAUNCH : 15 AUGUST 2023
DATE TENDER CLOSED : 7 NOVEMBER 2023
LEASE PERIOD : 99 YEARS
| RANK | NAME OF TENDERER | TENDERED SALE PRICE ($) | TENDERED SALE PRICE IN $PSM OF GFA | TENDERED SALE PRICE IN $PSF OF GFA |
|---|---|---|---|---|
| 1 | CSC Land Group (Singapore) Pte. Ltd. and Caspian Residential 3 Pte. Ltd. | 633,447,945 | 13,455.00 | 1250.0 |
| 2 | CDL Constellation Pte. Ltd., Frasers Property Citrine Pte. Ltd. and Sekisui House, Ltd. | 608,888,888 | 12,933.34 | 1201.5 |
| 3 | CNQC Realty (Clementi) Pte. Ltd. and Forsea Residence Pte. Ltd. | 570,700,000 | 12,122.18 | 1126.2 |
| 4 | Valerian Residential Pte. Ltd | 502,888,888 | 10,681.81 | 992.4 |
| 5 | GuocoLand (Singapore) Pte. Ltd., Intrepid Investments Pte. Ltd. and TID Residential Pte. Ltd. | 451,013,937 | 9,579.94 | 890.0 |
| 6 | Hoi Hup Realty Pte Ltd and Sunway Developments Pte. Ltd. | 448,680,000 | 9,530.36 | 885.4 |
TWO state land parcels at Clementi Avenue 1 and Pine Grove (Parcel B) have been released for sale, and are expected to draw bids of up to S$1,200 per square foot, and in the region of S$550 million to S$650 million for each site.
Of the two sites, the Clementi plot is likely to draw stronger interest, as it sits where there have been few new projects recently, market watchers said. The Pine Grove site, meanwhile, is located next to UOL’s upcoming Pinetree Hill, which was marketed last month.
THREE residential sites have been released for sale under the Government Land Sales (GLS) Programme.
The Clementi Avenue 1 site, also released by URA, spans 13,451.1 sq m, with a GFA of 47,079 sq m and a maximum building height of 140 m. The site is expected to yield about 500 units, subject to a cap of 501 units to manage traffic demand in the area.
The 4 new land parcels on the reserve list of the H2 2022 GLS Programme are an EC site in Senja Close in the Bukit Panjang area (which can yield about 300 homes), and 3 private housing plots. The three plots are:
This GLS land plot is located along Clementi Ave 1, in between The Clement Canopy and Clavon, and directly opposite Nan Hua High School.
Location of the upcoming Clementi Ave 1 GLS land plot, in between 2 earlier projects The Clement Canopy and Clavon.
Site Area : 13,451.1 m2
Maximum Gross Floor Area : 47,079 m2
Good Accessibility
The land parcel is conveniently linked to Ayer Rajah Expressway (AYE), which provides future residents direct and easy access to the Central Business District and Jurong Lake District.
Proximity to Schools and Amenities
The land parcel is also in close proximity to educational institutions such as NUS High School of Mathematics and Science, Nan Hua High School, and School of Science and Technology. There are also ample retail, F&B and recreation amenities nearby, including at The Clementi Mall, Grantal Mall @ Clementi, Clementi Sports Hall and Clementi Swimming Complex.
| Location | Clementi Avenue 1 |
|---|---|
| Site Area (1) | 13,451.1 m2 |
| Allowable Development | Residential |
| Type of Proposed Housing Development | The proposed residential development shall be for: a. Condominium; or b. Flats; or c. With prior written approval, a combination of flats and strata landed houses. Serviced Apartments will not be allowed. |
| Permissible Gross Floor Area (GFA) | Maximum GFA: 47,079 m2 Minimum GFA: 42,371 m2 The number of Dwelling Units (DUs) for the proposed development shall not exceed 501. |
| Maximum Building Height (2) | 140 m SHD |
| Project Completion Period (3) | 60 months |
| Lease Period | 99 years |
(1) Site area is subject to cadastral survey.
(2) Building height is based on Singapore Height Datum (SHD).
(3) Computed from the date of acceptance of the tender by the Authority up to date of issue of Temporary Occupation Permit for the whole of the proposed development.
The Land Parcel is located in a predominantly residential estate within the Clementi Planning Area, next to Ayer Rajah Expressway.
Residents will be close to educational institutions such as NUS High School of Mathematics and Science, Nan Hua High School, International Community School, National University of Singapore and Singapore Polytechnic. Residents can also enjoy greenery and recreation facilities such as Clementi Woods Park and Clementi Sports Hall, which are within walking distance from the Land Parcel. Ample retail and leisure amenities are available at Clementi Town Centre and the nearby Jurong Lake District, which is just one station away from Clementi MRT station.
The Land Parcel is conveniently linked to Ayer Rajah Expressway (AYE), and Clementi Road, providing easy access to the city centre, Jurong Lake District and the Jurong and Tuas industrial areas for residents.
The Successful Tenderer shall provide a side gate at the following locations:
a. Along the northern boundary of the Land Parcel, fronting Clementi Avenue 1, next to the proposed vehicular access of the Land Parcel to provide residents with access to the proposed covered linkway; and
b. Along the southern boundary of the Land Parcel to provide residents with a direct access to the proposed covered linkway constructed by the Successful Tenderer of the adjacent residential development (The Clavon) along the AYE.
The Successful Tenderer shall at his own cost and expense construct a 3m wide (minimum clear width of 2.4m) covered linkway (with lightings and drainage) from the proposed side gate at the southern boundary of the Land Parcel to connect seamlessly to the covered linkway constructed by the Successful Tenderer of the adjacent residential development (The Clavon) along the AYE, as shown indicatively on the Control Plan.
In addition , the Successful Tenderer shall at his own cost and expense, construct a 3.0m wide permanent footpath that consists of a 2.0m clear paved footpath and a 1.0m wide berm, including proper lightings, railings, and drainage system, along the southern boundary of the Land Parcel. This footpath shall connect seamlessly to the proposed covered linkway, Pedestrian Overhead Bridge (POB) across AYE, and the existing footpath along the eastern boundary of the Land Parcel.
The Successful Tenderer shall, at his own cost and expense, reconstruct a portion of the staircase and landing of the POB to the alignment as shown indicatively on the Control Plan. This is to facilitate pedestrian connectivity around the site.
