A top-selling residential project in APRIL 2020 situated in Rest of Central Region (RCR) with more than 10 units transacted in the COVID period. Is it Fear of Missing Out or is there real value to be discovered? Let’s dissect and discover in detail if this project is worth your hard-earned money.
Tip: Best viewed in landscape mode
Note: Based on developer’s monthly submission to URA
Source: URA, http://www.squarefoot.com.sg
Brief Facts
| Project Name | JadeScape / 顺福轩 |
| Address | 2 – 16 Shunfu Road |
| Developer | Qingjian Realty (Marymount) Pte Ltd |
| Tenure | 99 years commencing from 19 June 2018 |
| District | 20 |
| Site Area | Approximately 36,985.70sqm / 398,110sqft |
| No. of Units | 1206 units + 6 shops |
| Estimated TOP | January 2023 (sources said high chance will bring forward to 2021! |
| Description | 5 Blocks of 23-storey, 1 block of 22-storey, 1 block of 21-storey, 6 shop units |
| Car Park Facility | 1206 + 8 Handicap Lots |
Pricing
Tip: Best viewed if you rotate your mobile phone into landscape mode
With an average price of S$ 1,703 PSF at Jadescape, at first glance it would definitely look costly. But we would need to go more in-depth to ascertain is the whole district or is this project specially expensive?
Comparison
There are only a few other private condominiums in close proximity, but we feel that those are too far apart in terms of size and age. They are much too old and smaller sized to be compared.
As Jadescape is merely 250m from Marymount MRT station it would be more comparable to Sky Habitat and Sky Vue both of which are similar walking distance to Bishan MRT station, relatively new (completed in 2015 & 2016 respectively).
For new-launch to new-launch comparisons in RCR, there’s
PARC ESTA at Eunos MRT ($1697 PSF)*,
Park Colonial at Woodleigh MRT ($1944 PSF)*
The Woodleigh Residences ($1876 PSF)*
* Average Prices
Bonus info: To show the immense demand in this area, we randomly take a HDB block in the vicinity, a 28 yr old block 245 Bishan St 22. Even HDB prices buck the trend in downtime and prices actually WENT UP!
Pricing: ⭐⭐
“Pricey due to the lack of supply but high demand in district 20. Downside risk limited, MRT in near vicinity (another station upcoming within 600m), malls, famous eateries and good schools are the elements for wealth preservation.”
Location
Jadescape is extremely close to Marymount MRT station, not many condo in Singapore can boast of that! Going to town is only a few stops away. Besides connectivity, a bonus point is that Jadescape is close proximity to low-rise landed housing (hint: unblocked view) and MacRitchie Reservoir! You’re can easily enjoy Bishan’s amenities (1 stop away) without actually being in bishan!
We can’t stress the MRT effect enough. Properties nearer to MRT stations tend to drop lesser in value and some even hold their value in bad times, and appreciate more in the same time frame comparing to the further projects during good times.
Connectivity-wise, excellent in our opinion. 1 stop down to Caldecott MRT station would connect you to the Thomson-East Coast line (completing soon), or 1 stop in the other direction brings you to Bishan to connect to the North-South Line. Otherwise, just riding on the Circle line brings you to well-known business parks in Buona Vista ( 5 stops away) and One-north (6 stops away).
North-South corridor which is under construction now will feature continous bus lanes and reduce commuting times from Woodlands, to City by up to 30mins. This will certainly smooth traffic along Marymount road, which residents will stand to benefit.
We don’t want to sound Elitist but from a real-estate point of view, being near proximity to prestigious schools is a important element in preserving and elevating valuation of the homes (just look at bukit-timah)
Location Rating : ⭐⭐⭐
“Mature Estate, Excellent Connectivity, Prestigious schools, Near Nature”
Facilities & Build Quality
Qingjian Realty is the developer for Jadescape. “Hey, hold on, china developer? can or not? heard quality is so-so ley”. However, we looked into their track record in terms of construction quality, they had developed projects which were awarded multiple awards namely BCA Green Mark Gold and Gold plus award by BCA and the Universal Design Mark Gold/Gold plus award
Designed with quality fixtures and fittings, Qingjian sure does not scrimp in this aspect.
The feature that stands out the most to us in Jadescape is what they call FULLY-SMART home. How does it work?
Residents can enjoy smart features that fall under 6 categories
- Smart Security
- Smart Health
- Smart Living
- Smart Care
- Smart Community
- Smart Efficiency
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Inside the unit, will be boasting energy saving Air conditioning, water heater systems, smart diswashers even! As for facilities, there are more than 100 of them! Get the e-brochure from us, and you can get the whole list, and floorplans!
There must be a reason why 300 units were snapped up on launch weekend. Solid Developer track record, near MRT, high demand, low supply in D20.
Facilities & Build Quality : ⭐⭐⭐
“Branded fixtures and fittings, Innovative Technology integration, Renowed Artchitect Paul Noritaka Tange’s design”
Summary
Pricing: ⭐⭐
Location: ⭐⭐⭐
Facilities & Build Quality : ⭐⭐⭐
Our take:
Jadescape is 63% sold at the time of writing. We wouldn’t say it’s CHEAP or EASILY affordable, as there are cheaper condos near Jadescape albeit much older, but that’s well known that properties in Bishan vicinity commands a premium, this even applies to HDBs here.
Jadescape is no-doubt located in superb central location. Asking price might be steeper than older condos in the vicinity, but for brand new projects that boasts the same plus points for example renowned schools and proximity to MRT in such a centrally located location, truth be told, there is no project like this. At the point of writing, developer is introducing a 3% discount (only for a certain block).
For more in-depth info and e-brochure, pricing and which specific unit are our STAR-BUYS, current discounts please contact us via the form below.