Parc Clematis has recently achieved a significant milestone in the property market, setting a new price high of $2,490 per square foot (psf). This impressive figure surpasses the previous record of $2,394 psf, which was established on March 12, 2025. The rise in pricing at Parc Clematis signifies an increasing demand and strong market performance within the District 5 condominium segment, positioning the development as a key player in the competitive landscape of real estate.
On June 9, 2025, a notable sale occurred that contributed to this new psf-price record. A three-bedroom unit was sold for an impressive $2.6 million, highlighting the willingness of buyers to invest significantly in properties within the development. This transaction underscores the growing appeal of Parc Clematis among prospective homeowners and investors, reflecting a broader trend of rising valuations in the area.
As of June 13, 2025, Parc Clematis has recorded a total of 41 resale transactions, with an average price of approximately $2,132 psf. This average price, while lower than the recent high, indicates a robust market activity and a steady interest in the development. The number of transactions suggests that buyers are increasingly recognizing the value of properties in this locale, further contributing to the overall upward trend in pricing.
The most expensive unit sold within Parc Clematis to date is a 2,605 sq ft penthouse, which fetched a price of $4.18 million at $1,605 psf in September 2022. While this earlier transaction reflects a different pricing dynamic compared to the recent sales, it establishes a benchmark for luxury offerings within the development.
The penthouse’s sale, along with the recent three-bedroom unit transaction, demonstrates the diverse range of options available at Parc Clematis and its appeal to various buyer demographics.
The prevailing price trends at Parc Clematis paint a picture of a thriving real estate environment. The consistent growth in psf pricing signals a strong demand that is likely to attract further investments in the area. As potential buyers continue to seek out high-quality properties, the development stands out as an attractive option for those looking to capitalize on the current market conditions.
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News Source: Edgeprop
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