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Condo prices · D05

The Clement Canopy

Clementi Avenue 1 · D05 · Outside central region · Apartment

The median sale at The Clement Canopy was $1,649,000 — $1,871 psf — across 134 transactions between Nov 2021 and Oct 2026. 99-year lease from 2016.

Median price
$1,649,000
134 sales in the window.
Median per sq ft
$1,871 psf
Median unit 990 sq ft.
Lease remaining
89 years
99-year lease from 2016

What it costs per month of lease

A lease is a wasting asset. Spread the median price across the months of lease that are left and the figure is comparable between a dear flat with a long lease and a cheap one with a short one — which is the comparison a price alone cannot make.

Price per month of lease
$1,544
$1,649,000 over 89 years remaining.
Per sq ft per year
$18.71
What a square foot of this development costs for one year of lease.
Lease expires
2115
10 per cent of the lease already run.

This is the purchase price divided by the lease, and nothing else. It excludes stamp duty, the interest on a mortgage, maintenance and property tax. The calculator adds those.

Year by year

The median moved up 17 per cent a square foot between 2021 and 2026. The sale count beside each year is how much evidence that year rests on.

  • 2021seven sales$1716
  • 202235 sales$1718
  • 202319 sales$1843
  • 202430 sales$1898
  • 202525 sales$1958
  • 202618 sales$2013
Show the figures
YearMedian pricePer sq ftSales
2021$1,268,800$1,716 psf7
2022$1,340,000$1,718 psf35
2023$1,801,000$1,843 psf19
2024$1,395,000$1,898 psf30
2025$2,008,000$1,958 psf25
2026$2,084,444$2,013 psf18

What it rents for

URA’s median of rental contracts lodged at The Clement Canopy in 2026Q3, per square foot per month.

Median rent per sq ft
$6.15
A month. Middle half of contracts ran $5.75 to $6.55.
Gross yield
3.95%
A year of median rent against the median sale price.
Median sale per sq ft
$1,871 psf
The figure the rent is divided into.

Gross, and the word is doing work. It is before property tax, maintenance and sinking fund, agent commission on each new tenancy, the months between tenants, income tax on the rent, and the mortgage. A net figure would need assumptions about a particular buyer that this site does not get to make.

Other developments in D05

Transactions from the Urban Redevelopment Authority, covering Oct 2021 to Oct 2026. URA publishes a rolling five-year window; months before it are held in this site’s own archive. A caveat is lodged after a sale is agreed, so the most recent weeks are always incomplete.