The 1,206-unit JadeScape is located on a huge 408,927 sq ft 99-year leasehold site near the intersection between Marymount Road and Shunfu Road. The project was awarded the single Top Mega Development Award at the EdgeProp Singapore Excellence Awards (EPEA) 2023 on October 6.
The private condominium is a redevelopment project of the old Shunfu Ville private HUDC estate. Hong Hong Kong-listed real estate and construction developer Qingjian Realty purchased the site together for $638 million in the month of May.
The Arcady ebrochure known for their top-tier projects like Lincoln Suites, Cityscape at Farrer Park, and Riverfront Residences.
JadeScape was created by an award-winning architectural firm Paul Noritake Tange of Tange Associates in collaboration with the renowned architect firm based in Singapore, Ong & Ong.
Seven residential buildings in JadeScape that range from 21 to 23 floors and are located toward MacRitchie Reservoir Park for residents to enjoy views of the lush greenery. The park is located at the southern end of the Central Catchment Nature Reserve, MacRitchie Reservoir Park was the inspiration for JadeScape’s design as well as an Asian garden style.
In the words of Ong & Ong, each of the seven towers differs in its distinctive character however, they are it is in harmony with the other. The lattice screens that resemble timber frames soften glass façades of the towers. They are designed to create fascinating zones of greenery.
More than 90 facilities
Due to the size of the project it comes with many facilities, including an indoor pool with infinity, sky terraces 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 2 gyms and 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 of lower floors are not blocked.
The development is located at Shunfu Road, JadeScape is just five minutes walk from Marymount MRT station located on the Circle Line. JadeScape is also located near the proposed Upper Thomson MRT station on the Thomson-East Coast Line.
When JadeScape was first launched five years ago in September of 2018, Qingjian sold 303 units in the first weekend of sales, at an average cost of $1,657 per square foot, basing the price on caveats that were lodged. The development was completely sold by the end of September 2022. The last unit, which was a 764 sq ft two-bedroom residence located on the 19th floor in one tower cost $1.46 million ($1,910 per square foot). Based on the sub-sales of units that were sold from July to September, prices varied from $2,056 per sq ft to $2,222 per square foot.
En the bloc wave
Qingjian’s purchase in the former Shunfu Ville was followed by an influx of other collective selling that privatised HUDC estates, including The former Raintree Gardens (now the 729-unit The Tre Ver), the former Serangoon Ville (the newly constructed 1052-unit Affinity in Serangoon) as well as the previously Rio Casa (the upcoming 1,472-unit Riverfront Residences) and Tampines Court (the newly constructed 2203-unit Treasure in Tampines).
JadeScape could have been Qingjian’s very first residential development on the site that was bought en bloc and also its largest, however it’s by no means the final development of the developer. Qingjian then purchased the previously-owned Goodluck Garden on Toh Tuck Road in 2018 for $610 million and also the former row of shops and apartments along Phoenix Road for $42.6 million in 2019.
The previous Goodluck Garden was inaugurated 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. the Arden. The project was launched in August. project has sold about one-third until now.