A rise in sales at Parc Clematis helps SingHaiyi narrow half-year losses

SingHaiyi Group’s prestigious developer SingHaiyi Group’s upcoming Parc Clematis Singapore development in Clementi embodies a vision of ‘a kindred community spirit.

The Parc Clematis Floor Plan has a variety of different units and configurations is offered with an emphasis on cater to people of all ages and stages of life, thus, for families and singles alike, Ms. SingHaiyi promises a solid, lifelong multigenerational investment.

An en bloc sale of $840 million either for $850 per sq ft per plot ratio in 2018 or an en bloc purchase of 840.9 million for SingHaiyi Gold Pte Ltd bought the former Park West condo in the matured Clementi estate.

The architect team from P&T Consultants Pte Ltd is responsible for bringing the developer’s vision for Parc Clematis to life. Nine 24-storey high blocks of apartments will be arranged over two contemporary towers about 1,468 units in total.

Each unit is available in a choice of four different lifestyle concepts, ranging from one to five bedrooms and landing terraces to bungalows.

Consequently, future residents of Parc Clematis will enjoy top-notch amenities, a soothing living environment, and a vast range of lifestyle options.

One of the things that make Parc Clematis stand out on the market is the fact that it’s not often that an upcoming development is nominated and awarded so many times before it’s even completed, a sign of the property’s quality investment and commitment.

A rise in sales at Parc Clematis helps SingHaiyi narrow half-year losses because of various reasons:

There is everything you need within the Parc Clematis at your disposal. Offering a guardhouse, a 50m swimming pool, an indoor gym, a sun deck, tennis courts, BBQ pits, a clubhouse, and a children’s playground, this condominium will match your every request, and you might never need to leave again.

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A variety of shopping malls are located near Parc Clematis. Approximately 6 minutes away, you will find The Clementi Mall, one of Singapore’s most popular malls.

The 321 Clementi Shopping Mall is located 8 minutes away, and it includes a cinema, many eateries, and a wide range of shops. Those who prefer a mall without crowds and wish to enjoy shopping in peace will appreciate West Coast Plaza.

You can shop for products at lower prices in this cozy 3-story mall, which also contains Cold Storage, cafes, Coffee Bean and Tea Leaf, and Starbucks.

As this area has a lot of reputable schools, it is not difficult to find one suitable for your children.

This place has a lot to offer. The sun shines a vibrant orange and red color throughout many parks in Los Angeles, including West Coast Park, Sunset Way Park, just to name a few. If you prefer to stroll through the parks in peace under the Sun, then there are many parks to choose from.

From a S$12.8 million net loss a year ago, the developer’s six-month net loss decreased to about S$4.6 million.

Singapore cents in loss per share were 0.109 for the first half of FY2031, compared with 0.302 Singapore cents a year earlier.

Revenue from the Parc Clematis condominium in Clementi contributed $44.8 million to the total.

Neither revenue nor profit was reported for Phase 2 of Vietnam Town of S$5.8 million. Approximately 30 percent of all 141 units in Vietnam Town have been sold, according to SingHaiyi.

By the end of October, the group had sold 980 Parc Clematis units, and 27 units each of The Gazania and The Lilium, two condominiums near Bartley MRT station.

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These three residential projects are expected to grow revenues for SingHaiyi in the coming year.

Since it is not usual for the company to distribute interim dividends, no dividends were declared for the six months.

 

Veronica Tucker

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