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CLAVON

Clavon

The Clavon will be a new launch highrise residential development developed jointly by local heavyweight developer UOL and UIC. Renowned Developer UOL is well known for the slogan “dedicated to creating a masterpiece”.

The Clavon sits on a site of approximately 178,000 sqft along Clementi Ave 1. Plans has it that Clavon will be towering at 40 storey with approximately 640 luxury homes. These numbers are still subject to final approvals from the authority. South facing units can look forward to having beautiful seaview towards Pasir Panjang

Do stay tuned for more Clavon info to be released.

LAST UPDATED 16 July 2020

CLAVON UPDATES

16 Jul 2020 :Seeking Indication of Interest
07 Apr 2020 :1st day of circuit breaker
25 Jan 2020 :Happy Chinese New Year
01 Jan 2020 :Happy New Year
09 Jul 2019 :Award for residential site at Clementi Ave 1… [more]
03 Jul 2019 :UOL & UIC places top bid for Clementi Ave 1 site… [more]
03 Jul 2019 :Tender closing for residential site at Clementi Ave 1… [more]
28 Feb 2019 :URA launches tender for residential
site at Clementi Ave 1… [more]

CLAVON PROJECT INFO

Project Name:
Clavon

Development Address:
Clementi Ave 1, Singapore

Development Type:
Highrise Residential Development

Number of Units:
To Be Confirmed

Tenure of Land:
Leasehold 99 years

Purchasers Eligibility:
All Nationalities

T.O.P Date:
To Be Confirmed

Site Area:
approx 178,065 sqft

Property Developer:
Join venture : UOL & UIC

Architect:
To Be Confirmed

Unit Mix:
1br / 2br / 3br / 4br / PH

clavon in the news

WED, JUL 03, 2019 – 5:56 PM – The Business Times

A STATE tender for a 99-year leasehold private housing site along Clementi Avenue 1 (nka Clavon) has attracted five bids.

Units of UOL Group and United Industrial Corporation (UIC) teamed up to place the top bid of S$491.3 million, which works out to S$788.31 per square foot per plot ratio (psf ppr).

The second-highest bid came from MCL Land’s Vesta SG Residences – it bid slightly more than S$471 million or S$755.75 psf ppr.

Also bidding for the site was a tie-up betwen Sing Holdings’ fully-owned unit Sing Properties and MCC Land (Singapore), which offered S$452.3 million for the site.

Liam Wee Sin, group chief executive of UOL Group, said: “We like this Clementi Avenue 1 site (Clavon) for the same attributes that contributed to the 100 per cent sell-out for our nearby development, The Clement Canopy.”

The Clement Canopy project, with 505 units, was released in February 2017 and completely sold in July 2018. 

“From our experience, we believe that there is very strong demand for this (Clavon) locale due to its close proximity to a strong educational cluster anchored by the National University of Singapore, NUS High School and Nan Hua High.

“This Clavon site would attract not just homebuyers and upgraders but also investors, given the catchment of potential tenants from nearby establishments such as One-North, Science Park and National University Hospital.

“We plan to develop a 40-storey project comprising 640 units to capitalise on the extensive views. It is definitely a timely replenishment for our landbank given that The Tre Ver and Amber 45 are more than 75 per cent sold.”

Another state tender, for a 99-year leasehold executive condominium or EC housing site along Canberra Link in the Sembawang area, has drawn eight bids.

The highest bid, from MCC Land (Singapore), was at S$233.89 million, translating to about S$566 psf ppr. This pipped the second-highest bid of S$233.5 million from a partnership between City Developments unit CDL Constellation and TID Residential. 

ECs are a public-private housing hybrid.

MCC Land’s chief executive officer Tan Zhiyong said the group had previously developed two EC projects (One Canberra and The Canopy)  as well as project managed two other EC developments for other developers (Forestville and Northwave). All four EC projects are in Singapore’s north.

“Leveraging on our experience, we are confident of developing an exciting EC project of about 385 units on the latest site, which will reflect the rapidly evolving landscape of this northern estate. Overall, the EC market holds considerable prospects in the next few years with a continued controlled supply and widening EC-private condominium price gap,” he added.

Also bidding for the Canberra Link site was a tie-up between Hoi Hup Realty and Sunway Developments, which offered S$223.3 million for the site. Sim Lian Land bid S$218 million.

The lowest bid, from JBE Development, came in at slightly more than S$178 million or S$430.80 psf ppr.

Tenders for both parcels closed on Wednesday.

source: https://www.businesstimes.com.sg/real-estate/uol-uic-tie-up-places-top-bid-for-clementi-ave-1-site

PUBLISHED JUL 4, 2019, 5:00 AM SGT – The Straits Times

Five bidders have thrown their hats in the ring for a 99-year leasehold private housing site in Clementi Avenue 1 (Clavon).

Units of 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).

An MCL Land unit was next on $471 million or $755.75 psf ppr.

A tie-up between a Sing Holdings unit and MCC Land (Singapore) offered $452.3 million.

UOL group chief executive Liam Wee Sin said: “We like this site (Clavon) for the same attributes that contributed to the 100 per cent sell-out for our nearby development, The Clement Canopy.”

The 505-unit Clement Canopy (which is just beside Clavon) was released in February 2017 and sold out in July last year.

He added: “We believe there is very strong demand for this locale due to its close proximity to a strong educational cluster anchored by the National University of Singapore, NUS High School and Nan Hua High.

“This site would attract not just home buyers and upgraders but also investors, given the potential tenants from nearby establishments such as one-north, Science Park and National University Hospital.

“We plan to develop a 40-storey project (of) 640 units. It is a timely replenishment for our land bank, given that The Tre Ver and Amber 45 are more than 75 per cent sold.”

Another state tender, for a 99-year leasehold executive condominium (EC) site at Canberra Link in Sembawang, drew eight bids.

The highest was from MCC Land (Singapore) at $233.89 million, or $566 psf ppr. This pipped the $233.5 million lodged by a tie-up between a City Developments unit and TID Residential.

MCC Land CEO Tan Zhiyong said the group has developed two EC projects – One Canberra and The Canopy – as well as project-managed two others for other developers. All four EC projects are in Singapore’s north.

“Leveraging our experience, we are confident of developing an exciting EC project of about 385 units on the site,” he added. “Overall, the EC market holds considerable prospects in the next few years with a continued controlled supply and widening EC-private condominium price gap.”

source: https://www.straitstimes.com/business/property/uol-uic-tie-up-in-top-bid-for-clementi-ave-1-site

 

The public tenders for a land parcel at Clementi Avenue 1 (Clavon) and an executive condo site at Canberra Link, both under the Government Land Sales (GLS) programme, closed on July 3. The land parcel at Clementi Avenue 1 is zoned for residential use and attracted five bids, while the EC site saw eight bids. A final decision on the award of the tenders will be made known at a later date.

Two subsidiaries of UOL Group, namely UOL Venture Investments and UIC Homes, submitted the top bid of $491.3 million for the 178,064 sq ft plot at Clementi Avenue 1 (nka Clavon). It translates to about $788 psf per plot ratio (ppr) on the maximum allowable gross floor area (GFA) of 623,229.8 sq ft. This means the potential average selling price of the new development could be about $1,400 psf, says Tricia Song, head of research for Singapore at Colliers International.

It is close to The Clement Canopy, a twin 40-storey, 505-unit condo that was completed in March this year. That development is built on a GLS site also awarded to UOL Group, in 2015, when it submitted the successful bid of $302.1 million ($615 psf ppr).

“We like this Clementi Avenue 1 site for the same attributes that contributed to the 100% sell-out for our adjoining development, The Clement Canopy. From our experience, we believe that there is very strong demand for this locale due to its close proximity to a strong educational cluster anchored by NUS, NUS High School and Nan Hua High,” says Liam Wee Sin, group chief executive of UOL Group.

Desmond Sim, head of research of Southeast Asia at CBRE, also believes that bidding sentiment for the site was encouraged by the complete sell-out at The Clement Canopy, as well as the continual need for land-bank shoring on the part of developers.

On top of the expected crowd of home buyers and upgraders, Liam sees demand coming from investors, given the catchment of potential tenants from nearby areas like one-north, Science Park, and the National University Hospital.

If successful, UOL plans to develop a 40-storey development comprising 640 units that will capitalise on the extensive views of the area. “It is definitely a timely replenishment for our land bank, given that The Tre Ver and Amber 45 are more than 75% sold,” says Liam.

The second highest bid was $471.01 million, or $755.74 psf ppr, by Vesta SG Residences. Other bids ranged from $452 million ($725.74 psf ppr) to $417.57 million ($670 psf ppr), and were submitted by MCC Land, CSC Land Group, and City Developments Ltd.

The tender for an EC site at Canberra Link also closed on the same day (July 3), and it saw MCC Land submitting the top bid of $233.89 million. This translates to about $566 psf ppr on the maximum GFA of 413,194 sq ft.

source: https://sg.finance.yahoo.com/news/uol-submits-top-bid-491-131409520.html

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Clavon

THE DEVELOPERS OF CLAVON

UOL logo

UOL is one of Singapore’s leading public-listed property companies with an extensive portfolio of development and investment properties, hotels and serviced suites

At UOL, we are dedicated to creating a masterpiece in every project. We believe that as developers we should go beyond providing a fine-living environment. With an emphasis on stunning architectural design, we strive to build icons of class and distinction that truly cater to the homebuyers’ need for a lifestyle choice.

United Industrial Corporation Limited (UIC) was incorporated in Singapore in 1963 as a private company and was listed as a public company in 1971.

The core business of the Group is property development and investment. With the acquisition of the majority equity of Singapore Land Limited, a well-established property company in 1990, the Group became a major real estate developer with a portfolio of 2.5 million sq ft of office space and 1 million sq ft of retail premise in Singapore.

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