Sunday, April 7, 2013

New project sales status: Jade Residences


It was reported in our local business tabloid that sales began at Jade Residences condo in Lorong Liew Lian last Friday, with close to 60 units moved by 6pm.

 
Located about 400 metres from Serangoon MRT Station, the five-storey freehold development will have 171 apartments and two shop units. As of Friday, developer Roxy-Pacific Holdings had released 80 apartments and the average price after discounts (inclusive of a 3% early bird discounts) works out to $1,416psf.
 
 
Jade Residences comprises two, three- and four-bedroom units as well as penthouses.

All ground-floor units have high ceilings (up to 4.8 metres) and come with a jacuzzi and a furniture deck, which provides a raised platform that can accommodate a mattress or be used as a study.

Absolute prices of units in the development range from around $845,000 for a 527sqft two-bedroom apartment to $2.65 million for a 1,927sqft duplex four-bedroom penthouse which comes with a roof terrace, attic and private pool.

Prices for the two shop units of 215sqft each has yet to be finalised but they will cost below $1 million each.

So far, the project has reportedly attracted mostly local buyers, predominantly first-timers and second-timers.

The thing that struck the wife and I the most is the duplex four-bedroom penthouse - 2-storey with four bedrooms, a roof terrace and private pool - all housed in a mere 1,927 square footage of space. Back in the good old days (being the old-timer that we are), this will probably be at least 3,000sqft! So it's amazing how much "stuff" developer can squeeze into an apartment unit these days... and how small a living space in each of the areas within a home that buyers are prepared to accept.

Below are more information about Jade Residences:

 
 
 

5 comments:

Anonymous said...

Do you think Jade Residences @ Serangoon is worth buying ? I did some research and noticed that:

- The project location is excellence – just minutes walk to Serangoon MRT and NEX with 2 MRT lines crossed over
- Expect rental yield of approx 3%, even though units are small and cost $1500 psf +
- Freehold properties around that area are not many (only 2 in fact, Jade Residences itself and old Cherry Hill right across the road); and this is the closest you can get near Serangoon MRT station; the expectation is the if old Cherry goes enbloc with new project pops up in the coming years, we may see capital gain on Jade Residences
- The ground unit and penthouses’ ceiling of 4.5 meters is really “OMG” factor… really WOW ! Love it.

Your thoughts?


The Folks @PropTalk said...

Hi Anonymous (11/4/13, 2:30PM):

The wife and I do not know very much about Jade Residences (yet) but there are definitely more than TWO freehold resdiential properties around the area - you forgot to mention Rosalia Park and the new project Evania - both are across from Jade Residences.

Unknown said...

Hello Everybody,
My name is Mrs Sharon Sim. I live in Singapore and i am a happy woman today? and i told my self that any lender that rescue my family from our poor situation, i will refer any person that is looking for loan to him, he gave me happiness to me and my family, i was in need of a loan of S$250,000.00 to start my life all over as i am a single mother with 3 kids I met this honest and GOD fearing man loan lender that help me with a loan of S$250,000.00 SG. Dollar, he is a GOD fearing man, if you are in need of loan and you will pay back the loan please contact him tell him that is Mrs Sharon, that refer you to him. contact Dr Purva Pius,via email:(urgentloan22@gmail.com) Thank you.

Mohamed Ali said...

$$$ GENUINE LOAN WITH LOW INTEREST RATE APPLY $$$
Do you need finance to start up your own business or expand your business, Do you need funds to pay off your debt? We give out loan to interested individuals and company's who are seeking loan with good faith. Are you seriously in need of an urgent loan contact us.

Email: shadiraaliuloancompany1@gmail.com

URGENT LOAN OFFER WHATSAPP +918929509036 said...

Are you in need of a loan? Do you want to pay off your bills? Do you want to be financially stable? All you have to do is to contact us for more information on how to get started and get the loan you desire. This offer is open to all that will be able to repay back in due time. Note-that repayment time frame is negotiable and at interest rate of 3% just email us (creditloan11@gmail.com)

Post a Comment