JadeScape Residence is one of the state-of-the-art buildings in Singapore. Developed by the renowned real estate developer with impeccable track records Qingjian Realty, JadeScape residence boasts of 1026 residentials units as well as six commercial buildings.
This project started making waves during its auction in late 2015 and ever since then, it has been maintaining its reputation has not just a fantastic project with high expectations. Still, also due to some incredible facilities, its residents are poised to enjoy.
In this review, we’ll take you through every information you need to know about JadeScape residence either as a realtor or buyer.
Origin of JadeScape Residence
The journey of this fantastic project started in late 2015 when the previous Shunfu Ville land parcel was placed on auction. The government placed made the bidding open, but sadly the project didn’t record any single bidder.
Later in 2018, it was placed on auction again, and Qingjian became the winning bidder with a bidding rate of $638 million. The former Shunfu Ville land Parcel has 358 residential units while this project is expected to have nothing less than 1206 residential units with six commercial buildings.
Furthermore, this new condominium at Marymount Road boasts of a massive 408,972 square foot landmass, making it one of Singapore’s biggest Residential project. With the grand plan and amazing design put into the development of this project, it surely promises a great expectation.
The expected TOP is estimated to be around mid 2021. The completion date of this 99-year Leasehold condominium is schedule 2023.
Qingjian Realty is currently developing JadeScape Residence. It is a Chinese-based real estate developer founded in 1952 with an excellent track record both locally and globally in real estate development, design and consulting, capital management, construction projects and logistics.
Qingjian Realty is operating under its parent company (Qingjian Group Co. Limited). Also, this isn’t the first time of taking on a real estate project in Singapore, and their reputation in constructing mouth-watering edifice in several countries is unrivalled.
Qingjian Realty is the developer of the famous housing turnkey contract in China- A project with top-notch qualifications which sees top real estate developers bid for it. Right from 2005, Qingjian has been winning awards, and it currently boasts of 300+ awards and honors for coming up with high-ranking projects.
Consequently, it’s listed among the “Top 500 Chinese Enterprises” in China for 14 consecutive years. It is known for having a massive impact on the development of commercial and residential properties in China.
Some of their past projects include RiverParc Residence, Waterbay, Le Quest, the Visionaire, iNZ Residence, Riversound residence and a host of others.
Design and Layout
According to Qingjian Realty, JadeScape Condominium would have a total of 1206 residential units. It will comprise of 7 blocks of 2 to 23-storeys with six commercial buildings. The size of each unit will range from 527 square feet to 2,099 square feet depending on the design.
Also, this project will consist of 11 different types of residential units which include;
- 1 Bedroom,
- 2 Bedroom,
- 2 Bedroom Deluxe,
- 2 Bedroom Premium,
- 3 Bedroom,
- 3 Bedroom Deluxe,
- 3 Bedroom Premium,
- 4 Bedroom,
- 4 Bedroom Deluxe
- 4 Bedroom Suite
- 5 Bedroom Suite and,
The aim of the developer in designing this type of layout project like this is to ensure that its residents enjoy comfort, proper ventilation, and other facilities that will make a living more comfortable and better.
JadeScape Residence is a leasehold condominium located at Shunfu Road, District 20 in Serangoon. It is situated right at the center of Singapore with loads of amazing and high in-demand amenities surrounding it.
It is 680 meters away from the impending Upper Thomson Station of the Thomson East Coast Line and 250 meters away from the popular Marymount Station. With where the location of this building, residents will certainly enjoy it because it’s in a peaceful environment with access to day-to-day amenities.
JadeScape Condo shares close connectivity with Major Expressways such as Thomson Road or the Central Expressway, which is only about 10 to 15 minutes driving distance from where the project is located.
Also, residents of this amazing condominium building will enjoy unlimited access to stations such as Marymount Station and the forthcoming Upper Thomson MRT Station. What more, you’ll be privy to have access to shopping malls, restaurants, bus stops, supermarkets, schools, lifestyle, and so on.
No matter what, you can rest assured of getting the best of living experience as a resident of this mesmerizing building.
With the waves attached to this project right from 2007 when the former Shunfu Ville was named as the most massive collective sale since 2007, it’s not strange that it’ll feature some amazing facilities that will make it stand out from other building projects.
The following are some of the facilities residents of JadeScape Condominium building will enjoy;
- 50m full-size swimming pool
- Fully Equipped Gym Center
- Outdoor Fitness Stations
- 50 meters skyline
- Tennis Courts
- Greenery Surroundings
- Garden homes
- Infinity Pool
- Efficient floor plans
- High-quality ceilings
- Spacious Layout
- Elegant Interior and more.
- Movie Theatre
The facilities mentioned above are top-notch facilities that are uniquely designed to make living easier for residents. Some are custom made while others are ordered specially for the sole purpose of making the building more elegant and pleasing to the eyes.
JadeScape Residence, apart from being a project with a unique design and well-thought-out plan, it boasts of some eccentric amenities that will make the living residence of its residents more fun-filled and comfortable. One of the reason why Bishan is so sought after by parents because it is surrounded by many reputable schools. Having good schools around has always proven to help with stabilizing property prices even during a recession because every year there are always constant demand from parents who are willing to move just for their children.
Below are some of the amenities that JadeScape will be sharing proximity with;
- Sin Ming Centre
- Thomson Plaza
- Bishan North Shopping Mall
- The Little Traders
- Sin Kim Hua Pau Shop
- Quantum Ketch Pte Ltd
- The Black Sheep Café
- Bishan Vegetarian Supply
- Nyona Curry Puff Café
- Sheng Siong Supermarket
- Shen Yang Chinese Herbalist Centre
- Fisrt Mart
- Sin Soon Huat Minimart
- FairPrice Bishan St 24
- Orient Europharna Pte Ltd
- The Living Pharmacy
- Unity Bishan St 24
- DNA Matters Pte Ltd.
- Apple Plus School Thomson Centre
- Catholic High School
- Whitley Secondary School
- Raffles Institution
- Ai Ton School
Being located in a low residential supply zone with high demand is one very important key factor in selecting a good investment. Lets look into the rental yield around the area. Due to the lack of new residential developments, we would draw comparison from the 2 newer ones nearby beside Bishan Mrt, Sky Vue and Sky Habitat.
Rental performance is pretty average around 3% rental yield. We can see one bedroom rented out from $2200-$3200 for the 1 bedrooms and $3400 on average for the 2 bedrooms.
Lets dive into both development’s sales transections. Both projects performs acceptably in terms of capital appreciation over a short span of years with an average annualised returns of 2-3% as of recent transections.
With the Thompson line going to be ready soon, these might increase demand and activities around the area as previously it has always been difficult to access without a car if you are going that area. Another thing to take note is the lack of free lands for future developments in the area so there would not be much future competition around the area. The next biggest residential development might comes from the potential enbloc of gigantic braddell View HUDC which has already failed 3 times.
It is very rare for a new project that is centrally located and so close to nature. With the impressive amount of facilities inside the development, convenience of a mature estate, surrounded by reputable schools, it is hard not to find Jadescape appealing for any homebuyers. It is also the one of the most affordable RCR projects right now averaging $1600/psf. If you are looking to buy something near city fringe, i highly favour this over projects from the Woodleigh area which cost almost the same.
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