300 JadeScape units sold at weekend launch

Romesh Navaratnarajah24 Sep 2018

Crowd at JadeScape booking day crop

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.

More: This Is What A $6 Million Condo Showflat Looks Like

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.

Estimate your maximum property affordability with our Affordability Calculator

 

Romesh Navaratnarajah, Senior Editor at PropertyGuru, edited this story. To contact him about this or other stories, email romesh@propertyguru.com.sg

POST COMMENT

You may also like these articles

New private home sales plunged in August

Artist's impression of JadeScape, a new private housing development near Marymount MRT station.Following the introduction of new property cooling measures on 6 July, new private home sales in Singapor

Continue Reading18 Sep 2018

Developers work harder and take more prudent approach amidst property curbs

It could take several years for the market to absorb the pipeline supply of private homes.The government’s latest property cooling measures made it harder for developers to offload the nearly 46,000

Continue Reading20 Sep 2018

Where to buy a condo for less than $750k

Artist's impression of Jui Residences, a new freehold condominium next to the Kallang River. Do you want to own a freehold condo, but can only afford a leasehold property? Then check out Jui Residenc

Continue Reading21 Sep 2018