Monterey Park Condominium

Monterey Park Condominium is a leasehold (999 yrs from 1885) condominium completed in 2005. It is developed by CITY DEVELOPMENTS LTD. The development occupies a land area of 24,173 sqm and a Gross Floor Area of 38,677 sqm. It consists of 280 units. According to records, buyers of this development are Singaporean 82.5%, PR 11.7%, Foreigner 5.0%, Company 0.5%.

MONTEREY PARK CONDOMINIUM is located along West Coast Rise in Clementi, in District 5. It is accessible through the nearest MRTs including Clementi EW23 and Jurong East EW24, NS1.

Based on transaction data in the last 12 months, sale prices range from S$ 1,426 psf to S$ 1,724 psf at an average of S$ 1,574 psf. Its highest recorded transaction was S$ 1,724 psf in Apr 2024 for a 1,421-sqft unit. Its lowest recorded transaction was S$ 471 psf in Aug 2005 for a 2,056-sqft unit. Its current rental yield is at 2.8%. Other nearby amenities include: 1 Grocerie: NTUC FAIRPRICE CO-OPERATIVE LTD, and 1 Shopping Mall: NEWest.

Buyers and tenants are attracted to District 5, which spans across the Buona Vista, Clementi, Dover, Pasir Panjang and West Coast neighbourhoods. It is a popular choice for home buyers due to its relative proximity to the Core Central Region. With a variety of amenities such as restaurants, bars and shops, parks, gyms and business properties in the area, District 5 is perfect for residents looking for a lively location with both work and play spaces. District 5 has a good mix of property in terms of affordability, ranging from HDB flats to luxury condominiums to landed properties. District 5 also has a number of commercial and industrial properties around Clementi MRT, at Star Vista and One North. The district is also well connected by MRT stations such as Clementi, Dover, Buona Vista, One-North, Kent Ridge, Haw Par Villa and Pasir Panjang MRT stations along the East-West and Circle lines. District 5 is also particularly car-friendly. Residents with cars are well served by the Ayer Rajah Expressway and the West Coast Highway.

With a land area of 25,500ha, the West Region is the largest of the five regions in Singapore. Jurong East is the regional centre of the region, while Jurong West is the most populous town in the region. A large number of Singapore's heavy industry companies are concentrated in the West Region. These are mainly petrochemical companies, comprising of international players such as BP, ExxonMobil, DuPont, Mitsui Chemicals and Shell. The West Region is also at the forefront of the government's industrial development efforts. The government plans to develop the Jurong Lake District and Jurong Innovation District into the second Central Business District (CBD) area in Singapore. Additionally, the Tuas Mega Port, upon completion in the 2040s, is anticipated to be the world's single largest container port with an annual capacity of 65 million TEUs.