The 1,206-unit JadeScape is located on a huge 408,927 square feet, 99-year leasehold site near the intersection between Marymount Road and Shunfu Road.
The project received the exclusive Top Mega Development Award at the EdgeProp Singapore Excellence Awards (EPEA) 2023 on the 6th of October.
The private condominium is a renovation of an earlier Shunfu Ville which was a privatised HUDC estate. Hong Hong Kong-listed real estate and construction developer Qingjian Realty purchased the site together for $638 million in May 2016.
The Hillshore launch price wasn’t just about the numbers when it came to the acquisition; it was also about seeing possibility in a place that was exploding with past promise and future promise.
JadeScape was created by the award-winning designer Paul Noritake Tange of Tange Associates in collaboration with the renowned architect firm based in Singapore, Ong & Ong.
7 residential towers in JadeScape that range from 21 to 23 stories and are located toward MacRitchie Reservoir Park for residents to enjoy views of the lush vegetation. It is situated at the southeastern part of the Central Catchment Nature Reserve, MacRitchie Reservoir Park was the inspiration for JadeScape’s design as well as an Asian gardens.
In the words of Ong & Ong, each of the seven towers is unique in its distinct character but is it is in harmony with the other. The lattice screens that resemble timber frames soften and soften the glass façades of the towers. They are set up to create intriguing spaces of landscaping.
More than 90 facilities
Due to the size of the project this project comes with many facilities, including the infinity swimming pool an karaoke and theatrette rooms as well as an adventure playground for kids, as well as a fitness center for seniors.
The project also features two gymnasiums as well as two resident lounges that have work-from-home amenities and meeting rooms as well as two tennis courts with sunken sides which are designed so that the views from the apartments on the lower floors aren’t blocked.
It is situated at Shunfu Road, JadeScape is only a five-minute walk from Marymount MRT station, which is located on the Circle Line. JadeScape is also located near the planned Upper Thomson MRT station on the Thomson-East Coast Line.
When JadeScape was first launched five years ago, in September 2018, Qingjian sold 303 units during the initial weekend of sales, at an average cost of $1,657 psf basing the price on caveats that were lodged. The entire development was sold by the end of September 2022. The last unit, which was a 764 sq ft two-bedroom apartment located on the 19th floor at the top of one tower was sold for $1.46 million ($1,910 per square foot). Based on the sub-sales of units between July and September, prices varied between $2,056 and $2,222 per square foot.
En the bloc wave
Qingjian’s purchase in the former Shunfu Ville was followed by another wave of collective sale that privatised HUDC estates, like The former Raintree Gardens (now the 729-unit The Tre Ver), the former Serangoon Ville (the brand new 1052-unit Affinity in Serangoon) as well as the an earlier Rio Casa (the upcoming 1,472-unit Riverfront Residences) and Tampines Court (the recently completed 2203-unit Treasure located at Tampines).
JadeScape could be Qingjian’s initial private residential development on an site purchased in a group and the largest, but it’s not the last development for the developer. Qingjian then purchased the old Goodluck Garden on Toh Tuck Road in 2018 for $610 million and the old row of shops and apartments located on Phoenix Road for $42.6 million in 2019.
The previous Goodluck Garden was established as a 633-unit Forett in Bukit Timah in August of 2020. The entire project was sold in March of this year. The block that was once home to shops and apartments along Phoenix Road was launched as The Arden, a 105-unit development. Arden. Arden. It was officially launched in August. project has sold about one-third up to now.