Clavon – Upcoming Clementi Ave 1 New Condo By UOL Near Clementi Town Centre

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Clavon condo Clementi Ave 1

Clavon is an upcoming new condo at Clementi Ave 1, and this is projected to be a luxury development enclosed within a matured heartland estate. The land was released on a government land sale tender basis, and the developer UOL Group and United Industrial Corporation lodged the top bid of $491.3 million or $788.31 per square foot per plot ratio (psf ppr).

Residents will enjoy quality living conditions with amenities aplenty, right at the convenience of their doorsteps.

Due to its strategic location in a bustling community, the new condo at Clavon condo on Clementi Ave 1 is of particular interest to HDB upgraders in the west.

With plans to transform the west into Singapore’s “next CBD”, a number of commercial hubs has been built close to Jurong in recent years. This has increased the rental rates of west side properties, and makes the new condo at Clementi Ave 1 a viable option for investment as well.

Less than 1km away from Clementi bus interchange and MRT station, ease of transport is a major draw for buyers seeking convenient access to other parts of Singapore.

Clavon condo on Clementi Ave 1 is also located close to expressways like AYE, PIE and CTE.

For schooling options, there are many top choices for parents to choose from, especially higher education institutes. They include Pei Tong Primary School, Clementi Primary School, Qifa Primary School, Nan Hua High School, Singapore Polytechnic, National University Of Singapore (NUS), National Technological University (NTU) and Singapore Institute Of Management (SIM).

Also located close to the new condo at Clementi Ave 1 are prominent commercial hubs, such as Science Park and One-North.

As one of the more established estates in the west, Clavon condo on Clementi Ave 1 is home to many recreational, entertainment and culinary options.

321 Clementi, West Coast Plaza and Clementi Mall are the shopping malls nearby. For those who prefer outdoor and sporty options, Clementi Sports Hall and Clementi Woods Park are both within walking distance.

Clavon is one of the new developments spearheading this west side transformation. Buyers today can enjoy potential high gain in future, plus luxury living with amenities aplenty.

Clavon (Clementi Ave 1 New Condo) Project Summary

DeveloperUOL Venture Developments Pte Ltd and UIC Homes Pte Ltd
Condo NameClavon
District5
TOP DateExpected in 2023/2024
Total number of units640
Tenure99 year leasehold
AddressClementi Ave 1 (S) 120406
FacilitiesFull Condo Facilities Including Swimming Pool, BBQ Pits, Gym, Function Rooms Etc

Clavon (Clementi Ave 1 condo) is less than 1km away from Clementi bus interchange and MRT station. This ease of transport is one of the reasons why this new condo is highly sought-after among buyers and upgraders.

Drivers can also enjoy convenience with quick access to expressways like AYE, PIE and CTE.

Unit types

There is expected to be 640 units with a mix of 1-bedroom, 2-bedroom, 3-bedroom and 4-bedroom options.

Clavon condo launch pricing

UOL Group and United Industrial Corporation won the land at $491.3 million or $788.31 per square foot per plot ratio (psf ppr). This translates to a breakeven pricing of S$1,400 to S$1,500psf. Depending on the developer strategy, they are likely to launch at S$1,400 to S$1,600psf depending on the size of the units. Based on past track records by UOL, they are likely to launch the development at very palatable and competitive pricing which will appeal to a range of buyers, mainly first timer buyers and buyers upgrading from HDB and surrounding condo units.

Clavon New Condo Floorplans

To be announced; sign up below to be notified once they are out!

Clavon New Condo Site Plan

To be announced

Clavon Condo nearby amenities

There are many top schools for parents to choose from, especially higher education institutes. They include Pei Tong Primary School, Clementi Primary School, Qifa Primary School, Nan Hua High School, Singapore Polytechnic, National University Of Singapore (NUS), National Technological University (NTU) and Singapore Institute Of Management (SIM).

Clavon is also close to prominent commercial hubs, such as Science Park and One-North.

As one of the more established estates in the west, the new condo Clementi Ave 1 is home to many recreational, entertainment and culinary options.

321 Clementi, West Coast Plaza and Clementi Mall are the shopping malls nearby. For those who prefer outdoor and sporty options, Clementi Sports Hall and Clementi Woods Park are both within walking distance.

Comparative Market Analysis

District 5 property prices have never been healthier. As part of the government’s masterplan to rejuvenate the west of Singapore, properties in the area are enjoying a massive surge in prices.

That’s not to say that District 5 properties are not worth buying due to the high pricing. In fact, they can be one of the most value-for-money purchases in the market today.

That’s because the price ceiling has not been hit yet. When the west side transformation is complete around 2023-2025, that’s when prices are likely to peak.

This timeline coincides with the TOP date for Clavon. Which means that buyers today can benefit from the price surge from both the west side transformation, and the TOP upswing.

Capital Gains Overview

Existing owners of District 5 properties are laughing all the way to the bank! As explained above, west side properties in general have surged in value, especially within the last few years.

As the table above shows, the capital gain numbers are at very profitable levels, outperforming properties in most other parts of Singapore.

With the west side transformation far from over, buyers of a unit at Clavon can potentially similar or even better capital gain profits.

Rental Overview

At this point of writing, the full rental potential of District 5 properties has not been fulfilled yet, even though numbers are still looking decent.

When the Singapore’s next CBD transformation is complete 3-5 years from now, thousands of jobs will be created.

This will naturally lead to much higher rental demand, especially among employees looking for homes near their work places.

That’s when Clavon will be a hotbed for tenants, given its strategic location less than 1km from Clementi bus interchange and MRT station.

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