Condominium units in JadeScape sees brisk sales with 330 apartments snapped-up

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More than 332 condominium units were sold on JadeScape’s first day of launch on Sep 22. Strong interest was expressed by buyers for the condominium units in JadeScape with people trickling in past 7 pm.

JadeScape, Singapore’s first fully-smart multi-generational residential project, is Qingjian Realty’s latest residential project. The JadeScape Sales Gallery is located beside Bishan MRT station and opposite of Bishan Bus Interchange while the actual development sits on the former Shunfu Ville site.

JadeScape said that the number of launch phases for the project has yet to be determined. Comprising a total of 1,206 units. the fully smart private condo which sits on 36,985.70 square metres of land, will house 236 one-bedders, 403 two-bedders, 265 three-bedders, 261 four-bedders, 39 five-bedders and two penthouses spread across seven blocks.

The number of condominium units sold at JadeScape is equivalent to more than 27 per cent of the total apartments at JadeScape.

Reports say that more than 800 cheques were received over the past 2 weeks as expressions of interest, which means a conversion rate of 41.5 per cent. Five real estate agencies –  ERA Realty, PropNex Realty, Huttons Asia, Savills Singapore and SLP International – are acting as marketing agents of the condominium units at JadeScape.

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Commenting on the brisk sale of the condominium units at JadeScape Nicholas Mak, executive director of ZACD Group said: “The first day of sales at JadeScape is very encouraging, given that it comes in the shadow of the latest property cooling measures. It should bolster market confidence; and it’s a sign that not all is doom and gloom. There’s still underlying demand for well-designed and well-located properties.”

He added that the average price of $1,700 per square feet (psf) achieved at JadeScape “is a new reality” and has set a new benchmark for the Bishan-Thomson area.

Ismail Gafoor, CEO of PropNex, attributes the strong sales at JadeScape to sensitive pricing of the units. He said: “the overall concept of the project – the well-thought-out design and layout of the units as well as the smart home features; the location in the Thomson-Marymount area; as well as the lack of competition in the neighbourhood.”

JadeScape was bought en bloc by Qingjian Realty for $638 million in 2016, and it is the largest collective sale since 2007 at that time.

JadeScape condominium units sale was launched on Sep 22 with an average price of $1,700 psf.

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The developer said that one-bedroom units (527 sq ft) at JadeScape will start from $838,000, two-bedroom units (646 to 775 sq ft) start from $988,000, while three-bedroom units (904 to 1,152 sq ft) will start from $1.38 million. The developer has yet to determine the prices for the four and five-bedroom units, as well as the penthouses for the fully smart private condo, JadeScape.

JadeScape which is expected to receive its Temporary Occupation Permit (TOP) on Jan 9, 2023, will open its two-storey show gallery to the public from Sept 8, 2018. Being the largest show gallery in recent year, it will come equipped with smart home features and the Smart Estate Management system.

Unit Mix

JadeScape condo will have a perfect mix of one- to five-bedroom units and two penthouses. The units will be affordably priced and can make a great home for newlyweds, large families, workers as well as students.

Condo Facilities

JadeScape residential will havea range of condo facilities that will appeal to people of all ages. Some of the major facilities one can expect on the development include a large swimming pool, gymnasium (overlooking the pool), tennis court, children’s playground, function rooms, BBQ pavilions, 24 hours security and more.

Surrounding Amenities

Transport

Anyone would expect the transport network in JadeScape to be very comprehensive, considering its close proximity to the city. The condo sits a tiny distance away from a bus stop along the Marymount Road that provides service to 54, 74, 851 and 852. Along the Upper Thomson Road also lies another bus stop that services 52, 130, 162, 165, 167, 844 and 980.

The Pan Island Expressway (PIE) and Central Expressway (CTE) are a few minutes away from JadeScape and can easily be accessed via Lornie Road and Braddell Road. The condo is also about 3 minutes’ short walk from Marymount MRT Station and takes only 6 stops to get to the Orchard MRT Station. The Upper Thomson MRT Station (which is expected to be up and running by 2023) is also a short from the development. So, getting to and from town as well as other parts of Singapore will be as convenient as ever for the residents of JadeScape.

Education

There are numerous prestigious schools-both local and international-located within a radius of 2km off Jade Scape. That means residents can find an easier time enrolling their children to school. Catholic High School is located within a distance of 1 km. And there are plenty of other schools found within a radius of 2 km including Ai Tong School, Guangyang Primary, Marymount Convent School, Kheng Cheng School, Townsville Primary and Teck Ghee Primary.

Other schools and education institutions located near the residential development include:

-Raffles Girls School

-Raffles Institution

-Pierce Secondary

-Bishan Park Secondary

-Guangyang Secondary

-Kuo Chuan Presbyterian Secondary

-Eunoia Junior College

-Raffles Junior College

-SJI International

Shopping and Dining

Jade Scape is strategically located in a suburb that offers convenient access to a number of upscale shopping malls, supermarkets, food centers and restaurants. Some of the main shopping outlets near the development include NTUC Fairprice, Junction 8 Shopping Centre, Thomson Plaza, Shunfu Mart and Shunfu Food Centre. There are also a number of notable restaurants in Bishan such as Seoul Yummy, GRUB, Tori Yard and Canopy Garden Dinding where residents can enjoy casual and artisanal dishes.

Recreational

A number of recreational amenities abound in the Jade Scape neighborhood, where residents can visit, enjoy the serene nature around and unwind during the weekend or holiday. Parks like Springleaf Nature Park, MacRitchie Reservoir, Windsor Nature Park and Upper Peirce Reservoir Park provide perfect opportunities to hike through the bushes, enjoy the scenic beauty of forests around and soak oneself in the pleasant and tranquility environment. The Singapore Polo Club and the Singapore Island Country Club are also located a short distance from the residence, which offers even more fun opportunities to the residents.

Home buyers may buy smaller units because of certain government policies

Condo Selling Price

Given its prime location, Jade Scape selling price is likely to be very competitive. The average transacted price in 2016 and 2017 ranged between S$1,400 and S$1,600. Currently, the prices listed on various listing websites hover around S$1,500 and S$1,650. The prices are bound to change based on market perception, so you might need to be on the lookout.

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Don’t worry, iCompareLoan mortgage broker can help you compare home loan Singapore fast and help you secure a loan package that perfectly meets your needs. Jade Scape is a condo development sitting on a prime location and with amazing facilities that you should not miss out on. So why not trust iCompareLoan mortgage broker to guide you through the entire process of loan comparison and application? They simply are simply one of the most reliable and cost-effective brokers you’ll ever find in Singapore.

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