THE CLEMENT CANOPY
UrbanLens Analysis
THE CLEMENT CANOPY commands $1,935 PSF -- 20% above what District 05 typically fetches ($1,618 PSF). Clementi MRT is 1020m away (13-min walk), functional but not a headline selling point. Against ELTA at $2,547 PSF, the 24% discount is worth examining closely.
Prices are up 9.1% over two years, reflecting genuine buyer interest without bubble-level exuberance. 54 transactions over two years gives deep liquidity and reliable pricing signals. For context, NORMANTON PARK has gained 10.3% over the same period.
Roughly 89 years of lease remain. That is comfortably long -- no financing haircuts, no CPF restrictions, no urgency to the timeline. Gross yield of 3.5% tracks the OCR average of 3.4%. At $5,773/month median rent, income is market-rate -- neither a standout nor a weakness.
The 505-unit scale means deep amenities and low per-unit maintenance, but mass listings during market dips can weigh on pricing.
Nearby Comparables
| Development | Median PSF | Yield | 2Y Change |
|---|---|---|---|
| PARC CLEMATIS | $2,081 | 3.5% | +5.9% |
| ELTA | $2,547 | — | 0.0% |
| FABER RESIDENCE | $2,150 | — | 0.0% |
| BLOOMSBURY RESIDENCES | $2,504 | — | 0.0% |
| NORMANTON PARK | $2,075 | 3.7% | +10.3% |
PSF Trend
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