The tender for the residential area of Clementi

The Government has launched a tender for a residential lot in Clementi Road 1, which is the first private residential lot under the Government's land sales plan in the first half of this year. It is expected to build 640 residential units.

Most of the interviewed analysts believe that the lot will be welcomed by buyers, and it is expected to attract four to eight people to bid, the price is between $719 and $930 per square foot.

The area is 176,806 square feet and the highest total floor area is 623,230 square feet.

The bidding for this lot will be closed at noon on July 3, and the condominium (EC) section will be executed in Canberra Link EC, which will be launched in May next year. It belongs to the same batch of lots that were closed on the same day.

Analysts said that the lot is a large area in the first half of the main list, close to the National University affiliated Mathematical Middle School, Clementi Plaza and Clementi subway station, opposite the Nanhua Middle School, which is popular with parents and students. In addition, this area also has many facilities that are attractive for buying furniture.

Most analysts believe that the residential lot of Clementi will be welcomed by buyers and developers.

Clementi 1 is a mature residential area and there will be demand for HDB upgraders and investors. The adjacent The Clement Canopy was launched in February 2017 and sold out within a year, indicating that Clementi private homes have strong demand.