UOL's Clementi condo sees 80% of launched units sold

Average selling prices sit at $1,400 psf.

The Clement Canopy project enjoyed healthy sales at its launch recently, with 200 out of the 250 launched units sold.

According to OCBC Investment Research, the average selling prices for the units at an average selling price of $1,300 psf to $1,400 psf. It has yet to launch its other 255 units.

The 99-year leasehold project is a 50:50 JV between UOL and Singapore Land and is located near the National University of Singapore and the Clementi MRT station. The consortium acquired the 140.3k sq ft site through a successful S$302.1m tender at a government land sale exercise in Dec 2015.

"The acquisition price translates to $615.04 psf and we estimate breakeven prices at $1.0k to $1.1k psf. Given the muted domestic residential market, we view this as a healthy launch performance and are encouraged at UOL’s continued ability to create value through projects with good location and product attributes," OCBC said.

The people you want to reach are already in this room.

Every quarter, SBR lands on the desks of the founders, CFOs, and directors running Asia's most consequential companies. Every day, they open our newsletter and read our website. It's a room that took twenty years to build — and it's the one most of our partners are trying to get into.

The good news is that the door is open. We work with companies on thought leadership articles, sponsored content, industry summits across Southeast Asia, regional awards programmes, podcasts, and media placements in print and digital. The shape of the right partnership depends on what you're trying to do, which is why we'd rather start with a conversation than send a rate card.

If you have something this room should know about, tell us. We'll tell you honestly whether we can help, and how.

No rate cards until we understand the brief. It's a better use of everyone's time.

Book a meeting

| Or download the media kit (PDF)

240,000 senior readers quarterly in print Top 1,700 Singapore companies reached

7 markets across Southeast Asia