My review of JadeScape – Since the introduction of the most recent cooling measures, developers have started to be less intense with their pricing. The newest upcoming launch by Ki Residences Condo to me is the litmus test of how damaging the latest round of cooling measures is.
Information regarding the development. Link: Jade Scape is a 99-year leasehold project located along Shunfu Road. . It will probably be designed by Qingjian Realty plus they acquired the site by using an en bloc sale. Jade Scape is to be built on the site in the former 358-unit Shunfu Ville, a privatised HUDC development. Back in mid-2016, Qingjian Realty acquired the Shunfu Ville en bloc site for $638 million which was slightly below the reserve value of $688 million. It absolutely was then your third largest en bloc deal to date and the first en bloc in nearly annually. At this point, the sale made many property analysts sit up and take notice. This deal placed a spotlight on foreign players’ growing presence inside the Singapore real estate market. In my view, Qingjian Realty kicked off the latest en bloc fever and on hindsight, entered the marketplace at a very opportune moment.
Jadescape will comprise of 1,206 units and will be launched by two phases. The development site is 36,985.70 square metres or 398,114.07 square feet and will feature seven towers and definately will house 236 one-bedders, 403 two-bedders, 265 three-bedders, 261 four-bedders, 39 five-bedders and two penthouses.
Where is this development located?
JadeScape is found about 5 minutes from Marymount MRT Station. In accordance with Google Maps, it takes approximately 450 metres to walk towards the exit A of Marymount MRT Station. You might actually cut across the HDB flats to reach the MRT Station and so the distance through the main gate of JadeScape needs to be slightly shorter. The walk is generally sheltered as you can walk underneath the HDB flats however the flats are certainly not connected and so there will still be a danger of obtaining caught inside the rain.
Marymount MRT Station is rather centrally located. It is actually located across the Circle Line and is one station away from Ki Residences Condo Floor Plan and from there you can change to the North-South Line. The North-South Line is usually heavily congested during peak hours especially if you are travelling towards town. This can be perhaps why when I made an enquiry on the LTA mobile app, the app appeared to be constantly directing me from Bishan and instead advised me to create a transfer to the Downtown Line at Botanic Gardens MRT Station instead.
It will take approximately 14 minutes and will also cost $1.29 per trip to get to Dhoby Ghaut MRT Station. Marymount MRT Station can also be well connected to the western elements of Singapore. It will require approximately 22 minutes and price $1.53 to reach Jurong East MRT Station from Marymount MRT Station.
If you are working in the Central Business District (CBD), it will take you approximately 18 minutes and price you $1.37 to get to Raffles Place MRT Station.
The Circle Line makes it very quick to get to various parts of Singapore since it intersects with other train lines. My only gripe about the Circle Line is you will usually want to make a switch to another train line if you are visiting the CBD.
In case you are driving and would like to get to nearby expressways, you may go into the PIE via Lornie Road or perhaps the CTE via Braddell Road. Both of them are about a 10-minute drive away. This time around can increase during peak hours as both Lornie Road and Braddel Road are recognized to get congested during peak hours.
The selling points concerning the development – The key selling point will be the location. JadeScape is located along Shunfu Road which is close to popular matured areas like Ang Mo Kio and Bishan. This area is an extremely tranquil area to live in and certain units would disregard the landed properties at Thomson Garden Estate. Amenities wise there is a market fepcdl opposite this development at Blk 320 and additionally there is a Sheng Siong supermarket nearby. JadeScape is additionally close to popular food haunts along Upper Thomson Road. Redeveloped developments, those that underwent en bloc sales, have the benefit of already having amenities located around the vicinity.
The quality of this development needs to be good. Qingjian has been recognised for their top quality developments in recent times. Some may shun Chinese developers but Jadescape Singapore is doing their part to change this mindset. Bellewoods by Qingjian was recognised since the top quality executive condominium in Singapore earlier this year.