Buyers waiting for their numbers to be called during the balloting process at JadeScape’s showflat. (Photo: Qingjian Realty)
Qingjian Realty’s JadeScape condo received robust interest during the launch of Phase 1 as buyers snapped up 300 of the initial 480 units released.
With interest balanced across all unit types, buyers picked up their units at an average transacted price of $1,700 psf.
Qingjian Realty deputy general manager Yen Chong revealed that they were cautiously optimistic, but the response from buyers exceeded their expectations.
“I was attracted to the convenience of JadeScape – with its central location, connectivity and the amenities within and outside of the development,” said Ling Mee Har, who was one of the first buyers to secure a unit.
Despite the new property curbs, demand will remain healthy if “there is a strong product offering (and) an easily-accessible location using either public or private transport modes”, said Alan Cheong, senior director of research and consultancy at Savills Singapore.
And given the lack of large projects sold within the vicinity in the last few years, Cheong expects the strong first weekend showing to “translate to a steady rate of weekly sales for the months ahead”.
With units featuring new smart home technology, JadeScape is also adopting a Smart Estate Management System. The project is set to be completed by early 2023.
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Romesh Navaratnarajah, Senior Editor at PropertyGuru, edited this story. To contact him about this or other stories, email email@example.com