by Kenny Lee Historical launch archive · Original report published 2017-02-27. Prepared retrospectively on 3 October 2026. Historical prices and infrastructure statements refer to the original announcement period; they are not current quotations.
The launch-weekend report
EdgeProp reported on 27 February 2017 that UOL Group and Singapore Land sold 200 of 250 released apartments at The Clement Canopy during its launch weekend. The report described a 99-year leasehold scheme with two 40-storey towers, two- to four-bedroom apartments of 635 to 1,539 sq ft and average pricing of S$1,330 to S$1,360 psf. It also reported temporary early-bird discounts of S$6,000, S$8,000 and S$12,000 for two-, three- and four-bedroom units respectively.
UOL’s project account identifies 505 homes and its use of prefabricated prefinished volumetric construction, or PPVC. That method assembles completed apartment modules at the site; it does not replace inspection of the individual property.
Understanding the sales denominator
The reported 200 sales were 80% of the 250 released homes. They were approximately 39.6% of the full 505-unit development. Both percentages describe the same sales count, but answer different questions. The first measures response to the opening release; the second describes progress against the whole project.
This matters when evaluating a headline about a launch being mostly sold. Always establish whether the denominator is released units or all units, and whether the sales count is confirmed or preliminary. Strong early take-up does not establish the remaining type mix or the price of a preferred apartment.
Turning the reported psf into a budget test
Applying the historical reported range to an illustrative 1,000 sq ft home gives S$1.33 million to S$1.36 million. That is a sensitivity example, not the price of a confirmed unit. The 30 psf spread adds S$30,000 at that area. Actual pricing can vary with floor, configuration and other attributes.
The reported discounts were time-limited launch incentives. Do not deduct them from a current resale asking price or assume they remained available throughout the project’s sales period. A discount also has to be assessed against the starting price and the home’s suitability, rather than its headline amount alone.
What to check in a current comparison
For own stay, compare the actual layout, usable rooms, condition and travel route with alternatives in the same budget. For investment, use achieved rents and matched resale transactions, then deduct acquisition, financing, maintenance and disposal costs. The original launch average is useful context; it cannot establish today’s value for a specific home.