Clavon
By UOL Venture Investments Pte. Ltd.
& UIC Homes Pte. Ltd.
NEW ICONIC DEVELOPMENT
@ CLEMENTI AVE 1
AN ATTRACTION FOR HOME BUYERS AND INVESTORS
Clavon is a brand new 99 yr leasehold development at Clementi Ave 1. The development sits on a site area of 16,542.7 square meters (sqm) and can be developed within a permissible gross floor area (GFA) of 57,900 sqm (gross plot ratio of about 3.5 times). It is targeted to be a 40-storey project comprising 640 residential units.
Clavon is minutes away from the Town Centre, Bus Interchange and Clementi MRT Station. It is surrounded by malls and amenities, with close proximity to a strong educational cluster anchored by the National University of Singapore, NUS High School and Nan Hua High. Investors can expect potential tenant base from nearby establishments such as one-north, Science Park and National University Hospital.
- Strategically located in mature estate of Clementi.
- Minutes to MRTs (Clementi and Dover)
- Convenient access to city via Ayer Rajah Expressway (AYE)
- Near to Jurong Lake District (the largest commercial node outside the CBD). High rental demand
- Surrounded by malls and amenities
- Near to prestigious schools
ABOUT THE DEVELOPER
UOL Group and United Industrial Corporation (UIC) have jointly put in the winning bid of $491.3 million for the residential site located at Clementi Avenue 1. The tender was jointly submitted by the UOL’s wholly-owned subsidiary UOL Venture Investments, and UIC Homes, a wholly-owned subsidiary of UIC.
A joint venture company will be incorporated to undertake the acquisition and development of the site, with UOL Venture Investments and UIC Homes owning an 80:20 stake.