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The formerย HUDCย site ofย Shunfu Villeย which wentย enblocย in 2016 at SGD638M (under the SGD688 reserve price), is set to become Qingjian and Singaporeโs first-ever fully smart home condominium. As expected, it launches with a new concept called,ย The Gold Standard.
These homes are designed with smart technology that allows the resident to monitor simple things like their sleep quality and health vitals through wearables or their phone. Complimentary healthcare services like health screening and dietary planning can be done through the development. Activities and classes are also available within JadeScape.
Besides, its location boost excellent connectivity. Firstly, itโs connected to two MRT lines with two more on the way. Marymount MRT station which is on the Circle Line is a five-minute walk away.ย
Bishan MRT station is one stop away from Marymount. Soon, the Thomson-East Coast and Cross Lines which are being developed nearby, will add to this list of connectivity. Check out the prices of properties along Circle Line. Generally, properties along Circle Line are getting pricier partly due to the fact that Circle Line is only the mrt route which intercept every mrt line. This bring travelling time of using Circle Line much faster to reach destination than any other lines. While circle line is yet to be fully completed, projects along established southern part of Singapore are already commanding well above $2000 PSF. With upcoming Thomson-east coast line, Marymount/Bishan will be benefit from the incoming traffic flow bring to the estate.ย
Residents who work in the CBD can get there in about 16-minutes of driving via the PIE or Central Expressway. The upcoming North-south corridor will add more options.
Thereโs a wealth of native infrastructure to take advantage of while the advances and additions to come will only serve to make whatโs already a good location, even better. Thereโs MacRitchie Reservoir Park, Bishan-Ang Mo Kio Park and many more. Homeowners on the higher floors will get a panoramic view of green over the neighbouring landed estates.
Let analysis the price of Jadescape is worth buying? Comparing to its neighbors. We had chosen 3 developments namely Bishan 8, Thomson Impressions and Sky Vue. All these 3 developments have common factor which is near MRT station.ย
Bishan 8 is one of first few condominiums developed by Far East back in 2000. Despite a 20 years old development, its location still command high interest among home buyers. From 2019 4th quarter, units have transacting 1250 – 1280 PSF range. Median transacted price is between $1200 – 1300 PSF. This show a stable demand of buyers in this estate even if is older developments in Bishan.
Thomson Three was launched back in 2014. Developed by UOL Group, it was launched at average $1100 PSF. Located near Upper Thomson mrt station, it is well situated in landed enclave with 445 units. The price have surge since the announcement of the Thomson-East coast line with units sold on average 1450 – 1600PSF.
Sky Vue is one of the newest condominiums in Bishan estate. It have been enjoying price appreciation since 2014 (4th quarter). Unlike Sky Habitat which predominantly by larger size units, it have bite size units suitable for small families and younger generation. Its well configuration layouts and facilities have proven a favorite among home buyers. Recent transactions are between 1550 – 1700PSF.
With both newer developments transacted between $1600 – $1700 PSF, one may wonder Jadescape may cost even higher than them since new development usually cost 10-15% premium. But do you aware?
True Fact 01:
Bishan and Marymount estate are well known for its destination of prestigious schools.
True Fact 02:
A mature residential enclave which only have 3,775 private residential units.
True Fact 03:
Only handful of the developments are fairly new (3 yrs to 10 yrs). This include Tresalveo, Sky Vue and Sky Habitat. With limited choice of new supply, Jadescape definitely have great potential in future.ย
Recent HDB BTO exercise – Bishan Ridges https://esales.hdb.gov.sg/bp25/launch/20nov/bto/20NOVBTOBH_page_9483/about1.html
This BTO exercise was heavily over subscribed even with 1502 units to choose from. This show the strong demand for housing in Bishan. This is probably the last BTO to be built in Bishan which near MRT. This cluster of BTOs are potentially future ‘million-dollar’ transaction in HDB flats too once they achieve 5 years MOP mark. As the open space area between Sky Vue and bishan bus interchange is zone under commercial under Masterplan 2019. Refer to full articleย here . Residents in Bishan / Marymount can look forward to a mega mall besides existing Bishan 8.ย
From the price trend extracted from squarefoot.com.sg, you can see that the price have appreciated 100%. Before we elaborate further, the ‘green’ bar is denoted as new sale which mean units transacted for new development; the ‘blue’ bar is denoted as resale as per say.
As the supply is limited in Bishan/Marymount, we can see the ‘blue‘ bar is always remain low. Even we see a spike in ‘green‘ bar, the ‘blue‘ rarely surge. This supply remain limited despite additional of new supply.ย
We feel developer had did a great job on Jadescape in term of facilities, architecture, furnishings in mature estate like Bishan / Marymount.
It is also rare to able to live close to nature in urban city like Singapore. It is definitely a plus point with Macritchie reservoir park nearby. It kinda tick all boxes for parents who are looking for unit close to nature, good schools, well planned space.
With Marymount mrt already in operation, rental demand should be strong with the limited supply. Good for investors / home owners who are looking to rent out in future.ย
Putting budget aside, the 5 bedroom layout is definitely a dream home. Single level layout with no wastage on huge balcony.ย Waking up to unblock view with landed enclave right in front of you is a rarity!
The luxury feel of the development with well thought facilities and landscaping.
Jadescape have engage renowned Ong & Ong Architect combined with the award winning Paul Noritaka Tang from Tange Associates.ย ย
Embracing technology
We think developer have really tried their best to incorporate as much as SMART home technology into Jadescape. It is literally controlled by mobile. Of course, more and more developments are going into SMART home technology. This is definitely a plus point to have.
Priceย positioning
From the resale price trend we have seen earlier, Jadescape price point to pegged to resale price if not same. This is rarely happen as new product usually command a premium. Given the current situation, the fact that it has sold more than 70% so far is quite an encouraging sign to the attractiveness of the development beside pricing.
Only one main entrance via shunfu road
With 1,206 units in Jadescape, sharing the 2 ways lane via shunfu road can be quite challenging during peak period.
Lack of large scale mall
While have shunfu foodcourt nearby, the area is lack of a mall like Junction 8. For those who desire a shopping experience at your doorstep might be disappointed.ย
This review is solely done byย Littlereddotproperty.sg. All information, calculations, charts and plans are current at the time of publication and are subject to change. All facts & figures are believed to be accurate as much as possible using various real estate subscribed tools but shall not be regarded as statements or representations of fact.ย
