Property developer Qingjian Realty has unveiled plans for its latest new launch project, JadeScape which is situated on the site of the former Housing and Urban Development Company (HUDC) estate, Shunfu Ville.
The 1,206-unit JadeScape will be sitting on a total land area of around 398,114 sq feet and is going to be one of the few condominiums in Singapore to be rigged with a fully-integrated smart home system and intelligent estate monitoring technology.
It includes devices being placed in common areas that will allow estate managers to keep a close watch on activities around the development; for instance, sending alerts whenever individual unit’s smoke detector has been activated. In addition, the lift lobbies at JadeScape will be adopting the facial recognition technology as well.
One of the key features in this new Shunfu Road condo is that there will a total of 63 one-bedroom “gold standard” apartments being specially crafted for older residents; fully equipped with the smart home technology and also physical facilities (such as hydraulic racks which can be pulled down and support bars) designed for the elderly.
It was noted that JadeScape is situated close to Marymount MRT station and is effectively served by 4 MRT lines – the North-South, Circle, future Thomson-East and also the Cross Island.
Back in 2016, Qingjian Realty bagged the Shunfu Ville site via a collective sale for a whopping $638 million, making it the largest deal since 2007 at that time.
According to the developer, the project will be launched in 2 phases and here’s the unit mix, spread and the guide price from each unit type.
|Unit Type||Size||Price Guide|
|1-bedroom||527 sq ft||>= $838,000|
|2-Bedroom||646 – 775 sq ft||>= $988,000|
|3-Bedroom||904 – 1,152 sq ft||>= $1.38 million|
Qingjian Realty commented that the unit prices for JadeScape haven’t deterred much from the company’s original plan despite the recent property cooling measures and hopes to draw buyers at an average per square foot price (psf) of $1,700.
Analysts believe that the price point is fairly attractive as there hasn’t been any new launch within the area since Thomson Impressions by Nanshan Group – which was launched back in 2015, and units at the nearby Thomson Three (completed in 2016) have also been changing hands at around $1,600 psf.
They have also given JadeScape their vote of confidence as the unit prices are relatively palatable at less than $1.5 million for the majority of its 1-bedroom to 3-bedroom units, and it is also located to some of the best educational institutes such as Ai Tong Primary School and Catholic High School.
The JadeScape showflat will be opened for public viewing from this Saturday (08 September 2018) onwards and the condo is expected to receive its T.O.P by the beginning of 2023.