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The Parc Condominium @ Clementi: Freehold Family-Friendly Apartments In the West Region

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The Parc Condominium, situated along West Coast Walk in District 5, is a condominium developed by CES – West Coast Pte Ltd. It comprises 659 residential units spread over seven 24-storey blocks. Not only does this property have a prestigious freehold status, it offers residents unrivaled convenience, a wide array of amenities, and reputable educational institutions in close proximity.

4 Reasons Why The Parc Condominium Is an Ideal Home:

1. Specifications and Perks for Own Stay

Project Name Tenure TOP Unit Type (up to) Size in sqft Average Price PSF (up to)
The Parc Condominium Freehold 2010 1-bedroom
2-bedroom
3-bedroom
4-bedroom
667
980
2,045
2,433
$1,376

The Parc Condominium has units ranging from two- to four-bedroom apartments. It is clear that this condominium is able to cater to any buyer type, be it singles, couples, or families. The largest apartment is a four-bedroom apartment that’s 2,433 sqft, perfect for families with children. You and your family can enjoy facilities such as the lap pool, spa pool, jacuzzi, gymnasium, fitness station, and barbeque pits.

parc-condominium-clementi-freehold-family-friendly-apartments-west-region-buy-property-singapore

2. Accessibility, Amenities, and Recreational Spots

The nearest train station is Clementi MRT Station on the East West Line (EWL), which is a nine-minute bus ride away. For vehicle owners, driving from the condominium to either the Central Business District (CBD) or Orchard Road takes about 15 minutes, via Ayer Rajah Expressway and Holland Road respectively.

You can head down to the nearby West Coast Drive Market for daily necessities or alternatively, explore Clementi Town Centre where you can find supermarkets, restaurants and eateries, and banks. Soak in some vitamin D and spend the day outdoors at West Coast Park, Pandan Reservoir Park, Kent Ridge Park, and Hort Park. Good news for avid golfers! The Transview Golf & Country Club is just a short drive away. For more recreation options, check out the neighbouring Clementi ActiveSG Sports Centre and West Coast Recreation Centre.

parc-condominium-clementi-freehold-family-friendly-apartments-west-region-buy-property-near-golf-club-singapore

3. Education, Employment, and Healthcare

The West Region boasts a generous selection of acclaimed schools that stretches from primary schools to tertiary schools and even international schools. Nan Hua Primary School, NUS High School of Mathematics and Science, Ngee Ann Polytechnic, and National University of Singapore are just some of the top-tier schools you’ll find.

You will be close to thriving educational, science, and business hubs like Biopolis, One-North, and Science Park. The nearest medical facility is the National University Hospital (NUH) which is only 9 minutes by car.

4. Property Price and Future Developments

The price of The Parc Condominium’s three-bedroom unit (1,141 sqft) mid-level floor, in the past three years:

  • January to December 2017 – up to $1,820,000
  • January to December 2019 – up to $1,880,000

Since 2017, property rental prices at The Parc Condominium have been increasing. We can foresee the price rising over the years, thanks to upcoming developments like new amenities, community spaces, improved connectivity, industrial hubs, and recreational facilities.

Is The Parc Condominium the home you’ve been dreaming of? Talk to our real estate consultants and get VIP agent service.

Call 6886 9009 now!


Best Mortgage Rate Across All Banks for The Parc Condominium

Talk to our mortgage brokers with over 30 years of experience and get the lowest mortgage rate at 1.78%. Our home loan specialists will assist you with everything you need to know from Total Debt Servicing Ratio (TDSR), Loan to Value (LTV) Limits and Legal Conveyancing.

Buyer’s Stamp Duty for The Parc Condominium

Buyer’s Stamp Duty (BSD) is tax paid on documents signed when you buy or acquire property located in Singapore.

If you opt to buy a three-bedroom unit at The Parc Condominium the price is at $1,880,000 which is reflective of the market value, your Buyer’s Stamp Duty (BSD) is $59,800.

Market Value of the Property BSD Rate Calculation
On the first $180k 1% $1,800
On the second $180k 2% $3,600
Next $640,000 3% $19,200
Remaining $880,000 4% $35,200
BSD Payable $59,800

Source: IRAS

Looking at another unit size? Use Ohmyhome’s In-app BSD calculator for faster calculation! Download Ohmyhome from the Play Store or App Store now!

Additional Buyer’s Stamp Duty for The Parc Condominium

Liable property buyers in Singapore are required to pay Additional Buyer’s Stamp Duty (ABSD) on top of the existing BSD. ABSD and BSD are computed on the purchase price as stated in the dutiable document or the market value of the property (whichever is the higher amount).

Who is liable to pay ABSD:

  • Singapore Citizen (SC) buying second, third and subsequent residential property
  • Singapore Permanent Resident (SPR) buying first, second and subsequent residential property
  • Foreigners or entities buying any residential property

ABSD for Singapore Citizens when Buying The Parc Condominium

Here’s the ABSD amount you are required to pay if you are an SC:

Property Ownership ABSD Rate ABSD Amount from Price $1,880,000
If The Parc Condominium is your second residential property 12% $225,600
If The Parc Condominium is your third or subsequent residential property 15% $282,000

ABSD for Singapore Permanent Resident when Buying The Parc Condominium

Here’s the ABSD amount you are required to pay if you are an SPR:

Property Ownership ABSD Rate ABSD Amount from Price $1,880,000
If The Parc Condominium is your first property 5% $94,000
If The Parc Condominium is your second or subsequent residential property 15% $282,000

ABSD for Foreigners when Buying The Parc Condominium

Here’s the ABSD amount you are required to pay if you are a foreigner:

Property Ownership ABSD Rate ABSD Amount from Price $1,880,000
Foreigners buying any property 20% $376,000

VIP Service for Buyers at $0 Agent Fees

Our real estate consultants will provide you insights about this new project and assist you with everything you need to know from BSD, ABSD, exercising the OTP to sealing the deal.

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