To determine the price per square foot (psf) increase for Parc Clematis over the last 5 years, we can look at the historical transaction data.
In 2019, when Parc Clematis was launched, the average price psf was around $1,580 to $1,638 psf. For instance, in September 2019, the average price was $1,580 psf, and by the end of 2019, it was $1,638 psf.
As of the recent transactions in 2024, the average price psf has increased significantly. For example, in July 2024, a three-bedroom unit was sold for $2,049 psf, and other units have been transacted at prices ranging from $2,000 to $2,350 psf.
Given this information, here is a rough estimate of the price psf increase:
- From around $1,580 to $1,638 psf in 2019 to $2,000 to $2,350 psf in 2024, the price psf has increased by approximately 26% to 48% over the last 5 years.
This indicates a substantial appreciation in the property value, reflecting the overall market trends and the desirability of the location.
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