|Project Name||Parc Riviera|
|Address||West Coast Vale|
|Developer||EL Development (West Coast) Pte Ltd|
99 years wef 11 November 2015
|Site Area||18,908.7 sqm|
|Gross Floor Area||52,945 sqm|
|No of Blocks||2 Blocks|
|No of Storeys||36 storeys|
|No of Units||752 Residential Units|
|TOP||30 August 2020|
Parc Riviera is a brand new condominium development in West Coast Vale, District 05, by EL Development. The 99 years leasehold development is located near to Jurong Lake District and future Singapore-Malaysia High Speed Rail (HSR), excellent prospect for future capital appreciation, driven by the stronger demand for housing needs in the region. Parc Riviera is situated in a mature housing estate, surrounded by amenities to satisfy your everyday needs without having to travel far. Enjoy plenty of employment opportunities for the working adults and wide selection of reputable schools for the younger ones.
The plot of land drew interest from 6 hopeful developers with our home grown EL Development emerging as winner. The successful bid by EL was $10 million above the second highest by Hoi Hup Realty who submitted $304.30m and $77.2 million higher than the lowest bid by Singland Homes. Parc Riviera psf basing on just the land cost translate to $551.15 on average. This is in fact lower than the sold out project Waterfront @ Faber right opposite at Faber Walk with a land cost of $687 per square foot per plot ratio(psf ppr).
The number of new projects in the west is scarce. After the selling out of Waterfront @ Faber, we are only left with Trilinq and Lakeville with limited units to select from. This goes to show the demand in the West Region of Singapore is more than the supply, making Parc Riviera extraordinary!
The renowned developer has brought a number of successful developments to satisfied home owners. Some of their previous works include Rhapsody on Mount Elizabeth, Parc Centennial, Illuminaire, Stevens Suites, La Fiesta at Sengkang, Symphony Suites in Yishun It is expected that the project will yield 752 units with unit mix of 1 bedroom, 2 bedroom, 3 bedrooms, 4 bedrooms unit in two 36 storey towers. Parc Riviera TOP date should be somewhere around mid of year 2020 or even earlier depending on the construction progress.
Amenities – are just a short drive or a few bus stops away from Parc Riviera West Coast Vale. Residents get to enjoy shopping convenience from Clementi mall, CityVibe, JEM, JCUBE or IMM, Big Box, Westgate, West Coast Plaza, Sunset Way, you will be spoilt with choices!
Connectivity – Parc Riviera location is excellent with major expressways Pan Island Expressway(PIE), Ayer Rajah Expressway(AYE) and West Coast highway. For public transport commuters, you may take a shuttle bus from Park Riviera to Clementi central that has a air-conditioned bus interchange and a MRT station. Alternatively, there are a number of buses that connects to town and CBD area at the bus stop within 2 minutes walk. In the near future, Clementi MRT station will also be linked to Tuas West Extension comprising of Gul Circle, Tuas Crescent, Tuas West Road and Tuas Link. In addition, there will be a future Jurong Region Line that connects Jurong Regional Hub with residential area of the west including Jurong West, Choa Chu Kang, Tengah, West Coast and Jurong Industrial Estate.
Pricing – Although the land might be lower than some nearby projects, the requirement to adopt prefabricated prefinished volumetric construction (PPVC) will generally increase construction costs by a fair bit. Market Analyst foresee the Parc Riviera price during launch be between $1200-$1300 psf.
Educational institutions nearby – such as National University of Singapore(NUS), Singapore Polytechnic, Ngee Ann Polytechnic, School of Science and Technology, INSEAD, Nan Hua primary and high school, Clementi Primary School, Pei Tong Primary School, Qifa Primary School, Clementi Town Secondary School, Clementi Woods Secondary School, NUS High School of Mathematics and Science, Tanglin Secondary School, International Community School, YaleNUS College, ITE College West (Clementi Campus) are all within close proximity to the development.
Medical facilities – National University Hospital(NUH), upcoming Ng Teng Fong Hospital, Jurong community hospital are all within 10mins from Parc Riviera Singapore. Future developments – to the Jurong Lake District will see the biggest commercial, leisure and medical hub outside of Singapore City. This will in turn be advantageous to the capital gain potential of Parc Riviera.
Second CBD – Jurong Gateway is envisioned to be the second CBD with commercial hub, International Business Park, many malls and now with a plans of a High Speed Rail direct to Kuala Lumpur High rental potential – from the busy International business park(IBP), OneNorth at Buona Vista, Science Park I and II, also the future Jurong Lake District, Parc Riviera condo will be one of the best choice available to tenants.
Comprehensive Facilities – A 50m lap pool, indoor gym, barbeque pit, children’s play area etc.