jade scape 顺福轩
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PROPERTY NEWSWhat are Qingjian Realty’s plans for the old Shunfu Ville plot?JUNE 26, 2017
In May 2016, Qingjian Realty bought the old Shunfu Ville land plot for $638 million, the third largest en-bloc we’ve seen in the country. The former HUDC estate is a prime piece of land, and any development here is bound to benefit from the development in the area since the 1980s. |
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Breathtaking Views
- Access to public transport is fairly easy with Marymount MRT (Circle line) located within 0.31km walking distance.
By the time the development is finished – probably in 2020 – it can have access to the Upper Thomson MRT station (650m away), which should be completed in about the same year.
The new condo will then be serviced by both the Circle line and Thomson-East Coast line.
Thomson Plaza is nearby, and has a large FairPrice Finest supermarket for all your everyday grocery needs. Shunfu Food Centre is also in the vicinity, so there’s no shortage of food options. Raffles Junior College (RJC) is also nearby, within one kilometre. MacRitchie reservoir park is about the same distance away, and makes for a good weekend spot for families. Note that some units in this development will have stunning, unblocked views of MacRitchie reservoir.
The Thomson Nature Park is scheduled to be completed in 2018. Along with MacRitchie, residents here will have a lot of hiking or biking trails to choose from.
Located in the heart of key growth areas - Junction 8 Shopping mall
Junction 8, is a popular shopping mall for families located right next to Bishan MRT interchange. there is a wide variety of entertainment & retail outlet available. Few Anchor Tenants included NTUC FairPrice, Golden Village & Best Denki was there since open.
jade scape residences (formal Shunfu ville)
Formal Shunfu Ville was sold for S$638 million on Thursday (May 19), marking the third largest en bloc by quantum here. Each owner of the 358-unit condo, which lies less than 310 metres from Marymount MRT Station, stands to get around S$1.78 million. It is buyer Qingjian Realty's first en bloc purchase in Singapore since it began developing projects in Singapore eight years ago, and it succeeded with an offer that was below the reserve price of S$688 million.
The 358-unit project was first put on sale in September with an asking price of at least $688 million or $791 per sq ft (psf) per plot ratio. The tender closed last October with no formal bids but two letters of interest. It was relaunched for tender at the same price in late January.
The last collective sales of this scale were of the former Farrer Court for about S$1.34 billion and former Leedon Heights for S$835 million, both in 2007.
Shunfu Ville, built in the late 1980s by the former Housing and Urban Development Company (HUDC) and privatised in 2013, sits on a 408,927 sq ft site with about 70 years left on its lease and a plot ratio of 2.8.
The 358-unit project was first put on sale in September with an asking price of at least $688 million or $791 per sq ft (psf) per plot ratio. The tender closed last October with no formal bids but two letters of interest. It was relaunched for tender at the same price in late January.
The last collective sales of this scale were of the former Farrer Court for about S$1.34 billion and former Leedon Heights for S$835 million, both in 2007.
Shunfu Ville, built in the late 1980s by the former Housing and Urban Development Company (HUDC) and privatised in 2013, sits on a 408,927 sq ft site with about 70 years left on its lease and a plot ratio of 2.8.
built over one thousands units after en-bloc
The site can yield about 1,204 units with an average size of 1,000 sq ft, while break-even cost could be about S$1,250 psf, with new units fetching S$1,400 to S$1,500 psf, marketing agency JLL said.
Property consultants said Qingjian's bid was a sign of returning interest in en bloc opportunities owing to limited land banks on offer here, especially as the Government had cut back on its land sales programme.
"Property cooling measures and the Additional Buyer's Stamp Duty on developers if they cannot complete and sell all units in five years have meant that the collective sales market has been very quiet,"Knight Frank's research head, said. "Developers are not willing to take up more risks especially for larger investment deals of above S$500 million."
Property consultants said Qingjian's bid was a sign of returning interest in en bloc opportunities owing to limited land banks on offer here, especially as the Government had cut back on its land sales programme.
"Property cooling measures and the Additional Buyer's Stamp Duty on developers if they cannot complete and sell all units in five years have meant that the collective sales market has been very quiet,"Knight Frank's research head, said. "Developers are not willing to take up more risks especially for larger investment deals of above S$500 million."
Qingjian Realty (South Pacific) Group Pte Ltd , is a subsidiary of CNQC (South Pacific) Holding Pte Ltd, is the regional headquarters of South-East Asia that focuses on property development including residential, commercial, office and industrial.
Our first residential property development was in Singapore, a HDB-DBSS development at Bishan, Natura Loft (2008), which was awarded the BCA Green Mark 2010 Award (Gold Plus).
Since 2010, Qingjian Realty actively participated in Singapore Government's Land Sales exercise and has successfully acquired and launched quality luxury residential developments including NiN Residence (2010), RiverParc Residence (2011), Riversound Residence (2012), River Isles (2012), Waterbay (2012), Ecopolitan (2013), Bellewoods (2014), Bellewaters (2014), The Visionaire (2015), iNz Residence (2016) and Le Quest (2017).
In 2012, Qingjian achieved S$2billion revenue in residential properties sales in Singapore within three years between 2010 and 2012. In addition, Qingjian Realty is listed as one of the Top 5 best-selling developer in 2012, a sign of its strong foothold in Singapore and the first foreign developer in Singapore to break into the Top 5 list. Today, we are Singapore's largest developer of executive condominiums. 2016 marks the year Qingjian paved the way for Smart Living in Singapore.
Qingjian Realty's commitment to provide quality homes in Singapore is widely recognised with multiple awards, including FIABCI Singapore Property Award, BCA Green Mark Award, BCA Universal Design Mark Gold Award, BCI Asia Top Ten Award and Asia Property Award.
JADESCAPE 顺福轩
JadeScape - As a valuable material in itself, Jade in the name positions the property as one of luxury and prestige. Also well known for its green varieties, Jade represents the varied, lush greenery and hints at the elegant grandeur instead of using ‘green’ or ‘emerald’. Scape, describes the overall setting and nature inspired offerings of the property. Used in combination, liken to ‘landscape’, the name JadeScape denotes the extensiveness of the greenery(jade) in the development and visualizes the property as one that is rich in concept, value as well as nature.
JadeScape - The Most Anticipated Launch in 2018!
Unique Selling Points
Designed by Award Winning Architect Paul Noritaka Tange, Tange Associates
Located in the heart of Singapore
Walking distance to Marymount MRT and future Upper Thomson MRT station
Easily accessible via 4 MRT Lines
Circle Line
North South Line
Thomson East Coast Line (U/C) Cross Island Line (Future)
Well connected to PIE, CTE and future North South Corridor
Near to Shopping Malls and Amenities (Shunfu Mart, Thomson Plaza, Junction 8, AMK Hub
& TPY Hub)
Close to renowned schools such as Ai Tong Primary School, Catholic High School, Raffles
Institution, Raffles Girls’ School and Eunoia Junior College
High potential rental yield
Short stroll to MacRitchie Reservoir Park and Bishan-Ang Mo Kio Park
Good Selection of 1-,2-,3-,4-,5- Bedroom and Penthouse Units
Luxurious and premium interior fittings
Over 100 common facilities within development
Panoramic views toward MacRitchie Reservoir and unblocked views over neighbouring
landed estates
Equipped with comprehensive Smart Home features
(Come experience Singapore’s 1st full Private Smart Home Show Unit in JadeScape!)
JadeScape - The Most Anticipated Launch in 2018!
Unique Selling Points
Designed by Award Winning Architect Paul Noritaka Tange, Tange Associates
Located in the heart of Singapore
Walking distance to Marymount MRT and future Upper Thomson MRT station
Easily accessible via 4 MRT Lines
Circle Line
North South Line
Thomson East Coast Line (U/C) Cross Island Line (Future)
Well connected to PIE, CTE and future North South Corridor
Near to Shopping Malls and Amenities (Shunfu Mart, Thomson Plaza, Junction 8, AMK Hub
& TPY Hub)
Close to renowned schools such as Ai Tong Primary School, Catholic High School, Raffles
Institution, Raffles Girls’ School and Eunoia Junior College
High potential rental yield
Short stroll to MacRitchie Reservoir Park and Bishan-Ang Mo Kio Park
Good Selection of 1-,2-,3-,4-,5- Bedroom and Penthouse Units
Luxurious and premium interior fittings
Over 100 common facilities within development
Panoramic views toward MacRitchie Reservoir and unblocked views over neighbouring
landed estates
Equipped with comprehensive Smart Home features
(Come experience Singapore’s 1st full Private Smart Home Show Unit in JadeScape!)
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Floor Plan Description
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Product & Finishes
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Facilities
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BENEFITS OF REGISTERING FOR THE VVIP PREVIEW:
Be one of the first to experience!
Register your interest for VVIP Preview on 31 August 2018 and receive your exclusive invitation to view our sales gallery!
OPENING OF SALES GALLERY: Contact us Now !!! @ +659 8820 9688
- Priority Viewing of the Sales Gallery!
- Priority Selection of Choice Units!
- Enjoy Best Prices at Maximum Discounts!
Be one of the first to experience!
Register your interest for VVIP Preview on 31 August 2018 and receive your exclusive invitation to view our sales gallery!
OPENING OF SALES GALLERY: Contact us Now !!! @ +659 8820 9688
LocationJADE SCAPE RESIDENCES
316 Shunfu Road Singapore 570316 1204 Residential units |
For Further Information.
Just email us if you would like to be kept updated on JadeScape Residences as more details Coming Up.
Just email us if you would like to be kept updated on JadeScape Residences as more details Coming Up.