SINGAPORE – Eager buyers have snapped up 300 units at JadeScape on its launch weekend. Developer Qingjian Realty (South Pacific) Group Pte Ltd (Qingjian Realty) released 480 units for the first phase of sales. By 2.00 pm, 23 September 2018, Sunday, over 60% were booked.
“JadeScape is one of the most highly-anticipated launches since the cooling measures were announced. We were cautiously optimistic, but the buyers’ response has definitely exceeded our expectations,” said Ms Yen Chong, Deputy General Manager, Qingjian Realty (South Pacific) Group Pte Ltd.
Those who booked their units during this phase one launch secured their units at an average transacted price of $1,700 per sq ft. Interest was balanced across all unit types. Homebuyers cited the convenience of JadeScape as a draw.
Homebuyer Ms Ling Mee Har, 43, was one of the first to secure a unit today. “I was attracted to the convenience of JadeScape – with its central location, connectivity and the amenities within and outside of the development. Qingjian Realty also has a good reputation, having won multiple awards,” said the two-bedroom unit buyer.
“The number of units sold clearly shows that there is not only depth of demand by those who have been eyeing to buy a private residential property in the Marymount area, but also the trust amongst buyers of the Qingjian Realty brand and accouterments of smart services is high,” said Mr Alan Cheong, Senior Director of Research & Consultancy at Savills Singapore.
“Therefore, despite the new set of cooling measures, demand will be healthy when there is a strong product offering, an easily-accessible location using either public or private transport modes. There has also been a dearth of large projects sold in the vicinity for the past few years. This strong first weekend showing should translate to a steady rate of weekly sales for the months ahead.”
Jack Chua, CEO of ERA Realty Network said, “Pricing for JadeScape units are at a sweet spot for buyers, especially when factors like its location and proximity to transport nodes are taken into account. Many were also impressed by the concept of the project, efficient layout and excellent unit provision.”
JadeScape is Singapore’s first fully-smart residential development for the multi-generational living.
Apart from new smart home technology that have not been incorporated in residential developments here, JadeScape is also first to adopt a Smart Estate Management System. Homeowners can expect greater convenience and a smarter way of life with intelligent monitoring throughout the whole development.
Details on the next phase of sales will be announced later.
The development is expected to receive Notice of Vacant Possession (NOVP) by 9 January 2023.
Article contributed by Qingjiang Realty.