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Aerial view of Bishan sub-regional centre
What is new in changes of URA master plan for Bishan?
The site of the announced BTO flats, which was until recently the site of a school, was already zoned for housing in the 2014 Master Plan. In the 2019 edition, however, the URA increased the plot ratio of the site from 3.5 to 4.2, meaning that there will be 20% more housing area than was originally planned. (according to HDB, it has said that the upcoming blocks will rise up to 39 storeys.)
But the real change for Bishan in this latest edition of the URA Master Plan 2019 isn’t about the BTO project. What truly captivates the imagination is URA’s change of plan for Bishan Town Centre. Originally designating the two plots of undeveloped land around Bishan MRT stations and interchanges for residential developments, URA has rezoned the plots as purely commercial sites.
The larger of the two sites is more than six football fields in area. With a plot ratio of 4.2, this development will be nearly double the size and scale of Novena Square/Velocity Mall. In time to come, Bishan residents can look forward to a mega shopping mall and office complex.
Why It Matters?
A commercial office-cum-retail-development, especially one that’s the size of the zoned site in Bishan, will undoubtedly be a highly sought-after amenity that could generate significant property value uplift in the estate. Furthermore, in keeping with the government’s decentralization efforts, it is likely that the offices here will come in the form of Grade A spaces like the ones at Paya Lebar Quarter, which has brought a new pool of high-income tenants into the area since its opening in 2019. (Notably, like Paya Lebar MRT, Bishan MRT is also an interchange station, so the area is well-prepared to be developed into a commercial centre.)
Cutting back on the number of plots zoned for residential at Bishan town centre will also create scarcity. A reduced supply means that demand for existing properties—from both buyers and renters—won’t be diluted. The upcoming BTO at Bishan will likely be the one and only BTO project in the town, and we also won’t be seeing any new condos in area, to the delight of Sky Vue and Sky Habitat residents surely.
Additionally, we expect some sort of upside across the entire Bishan town, and for condos located a stop away on the Circle Line (i.e. Lorong Chuan and Marymount MRT). HDB resale flats in the town, mostly built in the late 1980s and early 1990s, could pique buyer interest, especially from those unable to get their hands on the coveted BTO flats.
|Project Name||Tenure||Completion Date||Min
|THOMSON IMPERIAL COURT||Freehold||1999||949||976||1,002|
|SEASONS VIEW||99 Yrs FROM 1996||2000||1,052||1,096||1,139|
|SIN MING PLAZA||Freehold||1992||1,122||1,122||1,122|
|🌐 JADESCAPE 顺福轩||99 Years Leasehold||Uncompleted||1,477||1,761||1,908|
See How Prices And Transaction Volumes Have Been Trending In Thomson / Ang Mo Kio
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TOP estimated end 2021 / early 2022
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SALES CHART (UPDATE ON REAL - TIME)
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Units Sold: 1118
Units Available: 94
DEVELOPER'S UNIT TYPE AVAILABLE
* Limited units available
Jadescape 顺福轩 which also known as Shunfu Ville. A brand new development developed by QingJian Realty. Situated off Marymount road, 📌 Jadescape 顺福轩’s location is within central region of Singapore and sit on vast land area of 408,927 sqft.
Also know as education district, many prestigious schools like Raffles Institution and newly completed Raffles Girls school too. The modern contemporary design development in District 20, comprising of total 1,206 units with selection of 1 to 5 bedroom 🗺 layouts. Within its locality, Jadescape is just 3 mins walk to Marymount MRT station. And it is the only new development in the estate after Sky Vue which launched in 2013. Jadescape is also the largest development by its sheer land size in mature Bishan / marymount area which no other developments in the vicinity can match.
Jadescape 顺福轩 is a true masterpiece crafted by award winning architect, Paul Noritaka Tange. Featuring SMART home automation with highly functional layout furnished with top notch quality material to give every owner a luxurious living experience at Jadescape 顺福轩.
District 20 is always well known for its premium housing price range due to its strategic location within many good schools. Bishan MRT station is also serve as interchange for circle line & north-south line too. Read the price review of Jadescape 顺福轩. With just 3,775 private condominium units in Bishan / Thomson enclave, only handfuls of developments are within 10 years. The addition of Jadescape 顺福轩 proven to be strong in demand in future.
Jadescape 顺福轩 is likely to obtain its 📆 TOP status in 2021. Perfect timing for those who are looking for brand new luxurious home in bishan.
TRANSACTION VOLUME (MONTHLY)
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PRICE TREND (AVG PSF $)
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HISTORICAL HIGH - $1,941 PSF IN DEC 2020 FOR A 527-SQFT UNIT
INDICATIVE PRICE RANGE - $ 1,477 - $ 1,941 PSF (AVG: S$ 1,766 PSF)
HISTORICAL LOW - $ 1,371 PSF IN DEC 2019 FOR A 4,230-SQFT UNIT
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*By subscribing to JadeScape‘ Portal, we will be able to keep you updated of our and our partners’ new properties launches, using the means of communication you have provided us. You have also consented us to contact you with regards to the above property. While every reasonable care has been taken in preparing this web portal and in describing the models and showflats, neither the Developer nor its agents will be held responsible for any inaccuracies or omissions. Visual representations, models, showflat displays and illustrations, photographs, art renderings and other graphic representations and references are intended to portray only artistic impressions of the development and décor and cannot be regarded as representations of fact. All areas and other measurements are approximate measurements and are subject to final survey. The development is subject to final inspection by the relevant authorities to comply with the current codes of practice. All information, specifications, renderings, visual representations and plans are current at the time of publication and are subject to change as may be required by the Developer and/or the web portal. All statements are believed to be correct but shall not be regarded as statements or representations of fact. All plans and models are not to scale unless expressly stated and are subject to any amendments which are required or approved by the relevant authorities.