As demand for luxury condominiums in District 5 continues to rise, Parc Clematis has recently achieved a new price high of $2,490 per square foot, exceeding its previous record of $2,394 per square foot set in March 2025. This upward trend in pricing reflects the escalating interest in high-end living spaces within the district. Buyers are increasingly willing to invest significant amounts in premium properties, signaling a robust confidence in the real estate market.
On June 9, 2025, a notable transaction at Parc Clematis involved the sale of a three-bedroom unit for $2.6 million, which significantly contributed to the new price per square foot record. Such sales are indicative of the caliber of properties available within the development, attracting discerning buyers who prioritize luxury and location.
The recent spike in prices represents not only individual transactions but also a broader trend that underscores the desirability of the District 5 area. Despite the high price points, Parc Clematis has maintained a strong average resale price of approximately $2,132 per square foot, based on 41 transactions recorded as of June 13, 2025.
This average price demonstrates a healthy market for resales, allowing owners to capitalize on their investments while also attracting new buyers. The consistency in pricing suggests a stable demand that bodes well for future developments within the district.
The overall success of Parc Clematis can also be attributed to the types of units available. The most expensive unit sold to date was a luxurious 2,605 square-foot penthouse, which fetched $4.18 million, translating to $1,605 per square foot in September 2022.
This significant sale set a benchmark for luxury living in the area, showcasing the potential for high returns on investment. It also illustrates the capability of Parc Clematis to offer diverse unit sizes and designs that appeal to various segments of the luxury market.
Investor confidence in the District 5 condo market continues to be strong, bolstered by the high demand for properties like Parc Clematis. The development’s reputation for quality and its strategic location have made it a focal point for those looking to invest in luxury real estate.
As property values continue to soar, it becomes clear that buyers are not merely purchasing a home but are also investing in a lifestyle that promises both comfort and prestige.
NEW CONDO LAUNCH: BOULEVARD COAST
Boulevard Coast is an exciting new condo launch featuring modern design and luxury amenities.
The Boulevard Coast Project offers a diverse range of one to four-bedroom units, appealing to both investors and homebuyers.
Positioned in a prime area with easy access to transport links and educational institutions, this development is expected to generate significant interest.
Early bird pricing and special promotions will be available during the launch phase.
For more details, including the Boulevard Coast Floor Plan and pricing, visit the website.
View Boulevard Coast Condo ShowFlat & Get VVIP Discount.
Register or contact 6100 8822 to book showflat appointment.
News Source: Edgeprop
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