The Parc Condominium
Overview & Key Facts
The Parc Condominium occupies a generous freehold site along West Coast Walk in District 5 — one of Singapore’s most established residential corridors sandwiched between the National University of Singapore campus and the West Coast Park seafront. Jointly developed by Chip Eng Seng and Lehman Brothers Real Estate Partners (before the latter’s collapse), the 659-unit development was completed in 2010 and stands as one of the larger freehold projects in a submarket dominated by 99-year leasehold launches.
The development comprises several mid-rise blocks arranged across a landscaped site that benefits from proximity to both the Clementi town centre and the recreational amenities of West Coast. At an average transacted PSF of S$1,928, The Parc sits in interesting competitive territory: priced comparably to newer 99-year projects like Normanton Park (S$1,865 psf) and Parc Clematis (S$1,884 psf), but with the permanent upside of freehold tenure.
With 95 sales transactions and 803 rental transactions on record, The Parc demonstrates both owner-occupier appeal and strong rental demand — the latter driven in part by its proximity to NUS and one-north business hub. The rental yield of 2.79% is respectable for a freehold District 5 asset, and the development’s consistent price trajectory from S$1,552 psf to S$1,924 psf over recent years reflects the broader maturation of the West Coast corridor.
Location & Connectivity
The Parc Condominium is located approximately 560 metres from Clementi MRT station on the East-West Line — a genuine walk of about seven minutes that most residents can handle comfortably, though the route along West Coast Road can feel warm during midday. Clementi MRT provides direct access to Jurong East interchange, Buona Vista (Circle Line transfer), and the CBD via Raffles Place in under 25 minutes.
For drivers, the Ayer Rajah Expressway (AYE) is accessible within minutes, connecting to the CBD in roughly 15 minutes during off-peak hours. The West Coast Highway provides an alternative route toward the Harbourfront and Sentosa direction. Clementi town centre, with its cluster of hawker stalls, supermarkets, and shops at Clementi Mall and 321 Clementi, is a short drive or bus ride away and covers most daily needs.
The West Coast lifestyle is a distinctive draw. West Coast Park is within walking distance, offering playground facilities, cycling paths, a McDonald’s by the sea, and weekend BBQ spots that families use heavily. The broader West Coast neighbourhood has a relaxed, mature character quite different from the newer developments further inland — and the proximity to NUS gives the area an academic village atmosphere with cafes, bookshops, and student-oriented dining along Clementi Road.
Schools & Education
1 primary school within the 1 km Priority Phase balloting radius.
| School | Type | Distance |
|---|---|---|
| Clementi Town Secondary School | secondary | Within 1 km |
| Clementi Primary School | primary | Within 1 km |
| Nan Hua Primary School | primary | ~1.2 km |
| Pei Tong Primary School | primary | ~1.2 km |
| NUS High School of Mathematics and Science | jc | ~1.3 km |
| Qifa Primary School | primary | ~1.3 km |
| Kent Ridge Secondary School | secondary | ~1.4 km |
| One World International School (Nanyang) | international | ~1.4 km |
Facilities
The Parc Condominium provides a well-rounded set of facilities that covers the essentials without attempting to compete with the resort-scale amenity clusters of newer mega-developments. The centrepiece is a large swimming pool flanked by a sun deck, complemented by a children’s wading pool, a well-equipped gymnasium, tennis court, and BBQ pavilions set within the landscaped grounds.
A clubhouse with function rooms serves as the social hub, and the grounds include a children’s playground, jogging path, and garden areas that take advantage of the site’s mature landscaping. At 16 years old, the development has had time to grow into its planting — the greenery feels established rather than sparse, which is something new condos take years to achieve.
“The facilities are well-maintained and the pool area is rarely overcrowded, even on weekends. It doesn’t have the flashy amenity list of newer projects, but everything works and the grounds are genuinely pleasant.”
— Resident review via PropertyGuru
With 659 units sharing the facilities, the ratio is comfortable enough that residents report rarely having to queue for the pool or gym, even during peak hours. This is a meaningful practical advantage over newer 99-year developments nearby that often pack 1,000+ units onto similar or smaller land plots. The trade-off is clear: The Parc won’t win any facility-count competitions, but what it has, it maintains well and residents can actually use.
Unit Sizes & Layout
Units at The Parc Condominium range from compact one-bedroom configurations to spacious four-bedroom family layouts and penthouses. As a 2010-era development, the floor plans generally offer more usable space than contemporary new launches — rooms are properly proportioned rather than optimised for maximum unit count, and corridors are wide enough to furnish comfortably.
The development was designed by Chip Eng Seng, a contractor-developer known for practical construction quality. Internal finishings are mid-market and functional — buyers should expect to refresh kitchens and bathrooms if purchasing a unit that has not been recently renovated, but the structural build quality is solid.
At an average quantum of S$2,244,615, The Parc targets the mid-to-upper segment of the OCR market. The freehold premium is embedded in that figure, but for buyers comparing like-for-like against 99-year competitors, the delta is surprisingly small. The average PSF of S$1,928 sits within touching distance of Normanton Park (S$1,865) and Parc Clematis (S$1,884), both of which are leasehold — making The Parc’s freehold status an effective bonus rather than a premium you pay through the nose for.
| Bedrooms | Transactions | Avg PSF | Avg Price |
|---|---|---|---|
| 1 BR | 6 | $1,657 | $1,105,833 |
| 3 BR | 49 | $1,704 | $2,013,050 |
| 4 BR | 35 | $1,778 | $2,585,313 |
| 5 BR | 7 | $1,220 | $3,328,286 |
Pricing & Market Position
Based on 97 recorded transactions, sale prices range from $992,000 to $4,700,000, averaging $2,258,334 (~$1,965 psf).
Rents range from $2,400 to $8,700 per month across 816 rental transactions. Current rental yield sits at approximately 2.8%.
Price Appreciation
From 2021 to 2026, the average PSF has appreciated by 34.4% (from $1,432 to $1,924 psf).
Neighbourhood Comparison
The competitive landscape in District 5 has intensified significantly with the arrival of large-scale 99-year projects. Normanton Park (S$1,865 psf, 99-year, 1,862 units) offers newer facilities and a massive unit count but is leasehold and further from MRT. Parc Clematis (S$1,884 psf, 99-year, 1,468 units) sits on the former Park West site with a fresh lease but similar MRT distance. Elta (S$2,557 psf, 99-year) represents the new-launch premium at its sharpest — a 33% PSF premium over The Parc for leasehold tenure.
The Parc’s freehold status is the decisive differentiator. In a district where virtually every recent large-scale project is 99-year leasehold, permanent tenure at competitive PSF pricing is structurally scarce. Over a 30-year hold, the compounding effect of zero lease decay on resale value becomes increasingly significant. Buyers choosing between The Parc and a 99-year competitor are not just choosing between old and new — they are choosing between an asset that retains its tenure value permanently and one that loses it linearly.
| Development | Tenure | TOP | Units | ~Avg PSF |
|---|---|---|---|---|
| THE PARC CONDOMINIUM | Freehold | 2010 | 659 | $1,965 |
| LANDED HOUSING DEVELOPMENT | Freehold | 2021 | 156 | $1,842 |
| NORMANTON PARK | 99 yrs lease commencing from 2019 | 2021 | 1,840 | $1,866 |
| PARC CLEMATIS | 99 yrs lease commencing from 2019 | 2021 | 1,450 | $1,888 |
| ELTA | 99 yrs lease commencing from 2024 | 2025 | 501 | $2,556 |
| FABER RESIDENCE | 99 yrs lease commencing from 2025 | 2025 | 399 | $2,158 |
ShiokNest Scores
Our proprietary scoring system evaluates THE PARC CONDOMINIUM across multiple dimensions.
What Residents Say
“Freehold, near MRT, near West Coast Park, great schools nearby. We’ve been here for eight years and never regretted the purchase. The condo is ageing but the location just keeps getting better.”
— Long-term resident via PropertyGuru
“Quiet development, mature trees, and genuinely walkable to Clementi MRT. The pool and gym are well-maintained. Only downside is the units are showing their age — budget for renovation if you’re buying a non-renovated unit.”
— Resident review via EdgeProp
“Very popular with NUS staff and professionals working at one-north. The rental demand is consistent — we have never had trouble finding tenants, and the freehold status gives us confidence to hold long-term.”
— Investor-owner via 99.co
The resident profile at The Parc skews toward families and working professionals, with a notable proportion of NUS-affiliated tenants and one-north commuters. Long-term residents consistently highlight the freehold tenure, MRT proximity, and West Coast lifestyle as the development’s enduring strengths. The most common criticism relates to ageing finishings and the fact that some common areas could benefit from updating — a natural concern for a 2010-era development, though the MCST has maintained grounds and facilities to a reasonable standard.
Strengths & Weaknesses
- Freehold tenure — permanent ownership in a district dominated by 99-year projects
- Clementi MRT within 560m — genuine 7-minute walk on the East-West Line
- Strong rental demand — 803 transactions, driven by NUS and one-north tenants
- Competitive PSF vs 99-year peers — $1,928 vs Normanton Park $1,865 and Parc Clematis $1,884
- West Coast Park lifestyle within walking distance
- Premier education cluster — Clementi Primary, Clementi Town Sec, NUS High all within 1.25 km
- Chip Eng Seng build quality — solid structural construction
- Steady capital appreciation — PSF from $1,552 to $1,924 over recent years
- Mature landscaping — 16 years of established greenery
- Low-density feel — 659 units vs 1,000+ at nearby competitors
- Ageing development (TOP 2010) — finishings and fittings need refreshing
- Facilities functional but modest compared to newer mega-developments
- Afternoon sun exposure on western-facing stacks
- Lehman Brothers co-developer collapse created early-stage uncertainty
- Units may require renovation budget ($50K–$100K) for non-renovated purchases
- Limited on-site retail — no mini mart or F&B within the compound
- Common areas showing signs of age despite reasonable maintenance
- No direct covered walkway to Clementi MRT
Verdict
The Parc Condominium occupies a distinctive niche in the District 5 landscape: a freehold development priced within the range of 99-year competitors, located within genuine walking distance of Clementi MRT, and embedded in one of Singapore’s most established education and lifestyle corridors. For buyers who prioritise tenure security, the arithmetic is straightforward — you are paying roughly S$1,928 psf for permanent ownership when the 99-year options next door cost S$1,865–$1,884 psf.
The rental metrics reinforce the case. With 803 rental transactions reflecting strong and consistent tenant demand — driven by NUS academics, one-north professionals, and international school families — the development functions as a reliable income-generating asset. A 2.79% yield on a freehold property is not spectacular, but it is sustainable, and the absence of a ticking lease clock means the capital base is permanently intact.
The steady PSF growth from S$1,552 to S$1,924 over recent years confirms that the market has been re-rating freehold West Coast assets. The Parc is no longer an underpriced outlier — it is now fairly valued within its peer group, which limits near-term upside but also suggests that downside risk is contained. For own-stay buyers, this is a development where you pay a fair price, get a functional and well-located home, and never have to worry about lease decay.
The honest limitation is age. At 16 years old, The Parc lacks the shiny finishings and Instagram-ready facilities of a Normanton Park or Parc Clematis. Buyers who equate value with newness will find it hard to look past the wear. But for those who understand that freehold tenure, MRT walkability, and established neighbourhood character are the harder-to-replace assets in Singapore property — The Parc makes a quietly compelling argument.