PROJECT DETAILS
Jervois Gardens, along Jervois Road off River Valley Road has been sold to Brownstone Pte Ltd, a subsidairy of SC Global, in the 4th quarter of 2017, for S$72 million. The owners of the developement, each got an average of between S$3.3 million and S$4.5 million.
Jervois Gardens comprises two four-storey walk-up blocks of 14 maisonettes and three apartments. The site is regular in shape with a site area of approximately 34,038 sq ft.
It could be redeveloped into a five-storey development comprising 60 units of about 850 sq ft each.
Freehold sites are hard to come by in the current market and developers' landbanks are steadily depleting. Jervois Gardens offers developers the opportunity to build well-designed, affordable two-bedroom and three-bedroom apartments in prime district 10."
SC Global submitted the top bid of S$72 million for Jervois Gardens, this translates to a land rate of S$1511 psf ppr
Jervois Green was sold at a top bid of S$52.9 million, this translates to a land rate of S$1601 psf ppr after top up of S$6.95 million for development charge
Fragrance submitted the top bid of S$46.3 million for Lotus at Jervois, this translates to a land rate of S$1683 psf ppr after top up of S$200,000 for development charges.
The selling prices of newer projects in that area, which are largely leasehold, such as Mon Jervois, Principal Garden, The Crest and Alex Residence, are around $1,900 to $2,350 psf.
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| Project | New Condo at Former site of Jervois Gardens |
| Developer | Brownstone Pte Ltd |
| Location | Jervois Road |
| District | 10 |
| Tenure | Freehold |
| Site Area | 3,162 quare metres/ 34,038 square feet |
| GFA: | |
| Plot Ratio | 1.4 |
| Expected TOP: | |
| Total Units | Approximatley xx residential apartments |
| Total Carpark | |
| Development | Condo comprising of communal facilities |
| Unit Type: | |
| Architect | |
| Eligibility | SC, SPR and Foreigner can buy |
LOCATION and AMENITIES
Amenities Near New Condo at Jervois Road
| Category | Important Amenities Near New Condo at the former site of Jervois Gardens | Approximate Distance |
| Train Stations | Redhill (EW18) | 0.4km |
| Bus Stop | Opp Delta Sports Hall (Bus: 51, 139, 186, 970) Delta Sports Hall (Bus: 51, 139, 186, 970) |
0.3km 0.4km |
| Supermarkets | Cold Storage NTUC Shop N Save Sheng Siong |
0.5km 0.9km 0.9km 2.1km |
| Shopping Malls | Valley Point Tiong Bahru Plaza Great World City Tanglin Mall Tanglin Shopping Centre Wheelock Place ION Orchard Wisma Atria Forum Shaw House Ngee Ann City *Scape Pacific Plaza Cathay Cineleisure Orchard TripleOne Somerset Orchard Shopping Centre |
0.5km 0.9km 1.0km 1.2km 1.5km 1.5km 1.5km 1.6km 1.6km 1.7km 1.7km 1.7km 1.8km 1.8km 1.8km 1.9km 1.9km 1.9km |
| Education Institutions | Preschool | |
| JHS Montessori Kindergarten PCF Kreta Ayer-Kim Seng Blk 79 Kay Poh Road Baptist Kindergarten PCF Radin Mas Blk 70A PCF Radin Mas Blk 87 White Lodge Kindergarten (Phoenix Park) PCF Tanglin-Cairnhill Blk 124A PCF Tanjong Pagar-Tiong Bahru Blk 6 PCF Queenstown Blk 53A PCF Queenstown Blk 3 |
0.5km 0.7km 0.8km 0.9km 0.9km 1.0km 1.0km 1.2km 1.7km 1.9km |
|
| Primary | ||
| Zhangde Primary School Gan Eng Seng Primary School River Valley Primary School Queenstown Primary School |
1.1km 1.2km 1.5km 1.7km |
|
| Secondary | ||
| Gan Eng Seng Secondary School Crescent Girls’ School Henderson Secondary School Queenstown Secondary School Bukit Merah Secondary School Outram Secondary School |
0.4km 0.6km 1.0km 1.1km 1.4km 1.8km |
|
| Junior College | ||
| Catholic JC | 3.7km | |
| Tertiary/Postgraduate | ||
| The University of Chicago Booth School of Business | 2.4km | |
| International | ||
| International School Singapore Overseas Family School Finnish Supplementary School Norwegian Supplementary School Swedish Supplementary Education School |
1.3km 1.3km 1.4km 1.8km 1.8km |
|
| Food Centre | Redhill Food Centre Bukit Merah View Market & Food Centre Zion Riverside Food Centre Havelock Road Cooked Food Centre Bukit Merah Central Food Centre Tiong Bahru Market ABC Brickworks Market/Food Centre |
0.8km 0.9km 1.0km 1.0km 1.3km 1.4km 1.8km |
| Lifestyle | Delta Sports Complex Tiong Bahru Park Tanglin Golf Course Country Club National Orchid Garden Singapore Botanic Gardens The American Club Stardus Clubhouse Queens Townclub SAFRA Mt Faber |
0.4km 0.7km 1.5km 1.7km 1.7km 1.8km 1.9km 1.9km 2.0k |
FACILITIES and SITE PLAN
The Site and Floor plans of new condo launch in Jervois Road, are currently seeking approval from relevant authorities.
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RESIDENTIAL FLOOR PLANS
SC GLOBAL WON TOP BID FOR CONDO SITE OF FLORMER SITE JERVOIS GARDENS THROUGH COLLECTIVE SALES
SINGAPORE- Jervois Gardens, a freehold development in River Valley, has been sold to Brownstone, a unit of SC Global, for S$72 million following a competitive tender that ended on Sept 26.
The development comprises two low-rise blocks of 14 maisonettes and three apartments at 30F and 30G Jervois Road.
Ms Tang Wei Leng, managing director of Colliers International Singapore, which facilitated the sale, said in a statement that this was Jervois Gardens' third attempt at a collective sale. She added there was a total of eight bids for the prime freehold site - "a testament to its strong redevelopment potential".
Ms Tang noted that the winning bid of S$72 million translates to about S$1,373 per plot ratio. Depending on the size of their units, each apartment owner can potentially receive between S$3.3 million and S$4.5 million.
Under the 2014 Master Plan, the site has been zoned for residential use, with a gross plot ratio of 1.4.
Jervois Gardens sits on a freehold land area of about 34,038 sq ft, which could yield a gross floor area of 52,419 sq ft, including an additional 10 per cent gross floor area for balconies.
The site is located between the Redhill MRT station and the future Great World City MRT station. Its proximity to the nearby park connector will provide the 50 to 70 homes that can potentially be built on the site with amenities that promote a healthy lifestyle, said Colliers.
The sale is subject to the approval of the Strata Titles Board.
Source: Straits Times
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