PROJECT DETAILS
Three land parcel sites which are all walking distance to Redhill MRT Station and the upcoming Great World MRT Station serving the Thomson East-Coast Line (TEL), located at the Core Central Region of Singapore, were sold for New and Upcoming Condo developments in the 3rd quarter of 2017, through collective sales.
The three land sites of former developments of, namely,
- Jervois Gardens New Launch- Petit Jervois
- Jervois Green and
- Lotus at Jervois
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.
New Condo Launch at Jervois Road- Connectivity
New Condo at Jervois Road is about 800 m away from Redhill Train Station which runs the East West Line. It is 3 stops away from the Financial District and 12 minutes’ ride to Orchard. The Outram Park Interchange which is 2 train stations away, allows future residents to transit to the North East Line at ease. For drivers, Orchard is just 4 minutes’ drive away and it will take 5 minutes to get to the CBD. New Condo at Jervois Road is also close to the Ayer Rajah Expressway (AYE) and the Central Expressway (CTE) which give accessibility to the rest of the island.
New Condo Launch at Jervois Road- Education
There are 10 schools, both primary and secondary that is within 2 km from new condo at Jervois Road. They are Zhangde Primary School, Gan Eng Seng Primary School, River Valley Road Primary School, Queenstown Primary School, Gan Eng Seng Secondary School, Crescent Girl's School, Henderson Sercondary School, Bukit Merah Secondary School and Outram Secondary School.
New Condo Launch at Jervois Road- Amenities
It is also close to Valley Point, Great World City and Tiong Bahru Plaza where many f&b outlets, retail shops, entertainment centres and supermarkets are located. Residents can access to endless dining and retail options as Orchard is less than 2km away. Shopping malls that are close to new Condo at Jervois Road include Great World City, Tanglin Mall, Tanglin Shopping Centre, Wheelock Place, ION Orchard, Wisma Atria, Forum Shopping Mall, Shaw House, Ngee Ann City, Scape, Pacific Plaza, Cathay Cineleisure Orchard, TripleOne Somerset, Orchard Shopping Centre, 313@Somerset, The Heeren and IKEA Alexandra.
There are also many Food Centres that are less that 2 km away, such as the famous Tiong Bahru Market and the ABC Brickswork Market & Food Centre, where many famous local food stores can be found. Other food centres that are within new condo at Jervois Road's vicinity include Redhill Blk 85 Food Centre, Bukit Merah View Market & Food Centre, Zion Riverside Food Centre, Havelock Road Cooked Food Centre and Bukit Merah Central Food Centre.
Embrace in nature with the nearby Tiong Bahru Park and Singapore Botanic Garden. For golf lovers, the Tanglin Golf Country Club is less than 1.5 km away. There are also various recreation clubs nearby, such as The American Club and SAFRA which plenty of leisure activities can be found.
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Heart of New Central
Financial District
Marina One Residences
Financial District
Marina One Residences
Heart of Tanjong Pagar
Financial District
Wallich Residence with
181 Limited Collection
Super Penthouse at 21,108sqft
Financial District
Wallich Residence with
181 Limited Collection
Super Penthouse at 21,108sqft
Other Developments in
Core Central Region
Core Central Region
| Project | New Condo at Former site of Jervois Gardens |
| Developer | Brownstone Pte Ltd |
| Location | 30F, 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 |
| Project | New Condo at Former site of Jervois Green |
| Developer | |
| Location | 100A, Jervois Road |
| District | 10 |
| Tenure | Freehold |
| Site Area | 26,700 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 |
| Project | New Condo at former site of Lotus at Jervois |
| Developer | Fragrance |
| Location | 31, Jervois Road |
| District | 10 |
| Tenure | Freehold |
| Site Area | 19,744 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 E-BROCHURE
The Site and Floor plans of new condo launch in Jervois Road, are currently seeking approval from relevant authorities.
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LOTUS AT JERVOIS SOLD EN-BLOC AT S$46.3 MILLION
The freehold, 20-unit Lotus @ Jervois along Jervois Road was sold en bloc for $46.3 million ($1,683 psf per plot ratio) on March 5. According to an INLIS search, the serviced apartment was owned by Pulau Properties, which is believed to be linked to entities controlled by the Lee family of OCBC. EdgeProp understands that the buyer is likely to redevelop the property.
Across the road from Lotus @ Jervois is the 17-unit, freehold Jervois Gardens with a 34,038 sq ft land area. It was bought by Singapore luxury property developer SC Global for $72 million ($1,373 psf ppr) in September 2017.
JERVOIS GREEN SOLD THROUGH EN-BLOC FOR s$52.9 MILLION
Jervois Green, a four-storey freehold development at 100A Jervois Road, has been sold for $52.9 million to investors led by Mr Mike Ho, a third-generation owner of Spring Court, one of Singapore's oldest Chinese restaurants.
The price works out to a land rate of $1,601 per square foot per plot ratio, inclusive of an estimated $6.95 million development charge.
Colliers International, which brokered the deal, said the sale price was 10 per cent higher than the owner's asking price of $48 million when the tender was launched on Nov 7.
Jervois Green, which comprises eight apartments, sits on a plot of around 26,700 sq ft.
The District 10 property was held under single ownership and the sale is not subject to approval from the Strata Titles Board or High Court.
The tender closed on Dec 5.
Ms Tang Wei Leng, managing director at Colliers International, said there were six bids.
The tight bids not only reflect the market consensus on the pricing in the area, but also signal the positive sentiment among bidders amid a comeback in the residential property market, she added.
Mr Ho, Spring Court's owner, said: "My friends and I have been scouting for investment opportunities in view of the recovery in the residential property market, and found Jervois Green to be the best pick. The size of the site is ideal and its prime location offers exciting redevelopment potential."
He owns a portfolio of shophouses in several locations in Singapore.
Colliers said the 2014 Master Plan has zoned the site for residential use with a plot ratio of 1.4.
"It has the potential to be redeveloped into a five-storey project comprising 42 units of about 850 sq ft each, subject to approval by the authorities."
The selling price for the future development is envisaged to be above $2,500 psf, or from $2.1 million per unit.
SC GLOBAL WON TOP BID FOR FORMER JERVOIS GARDENS ALONG RIVER VALLEY ROAD CONDO SITE THROUGH COLLECTIVE SALES
THE collective sale of freehold development Jervois Gardens has been awarded to a subsidiary of SC Global, Brownstone Pte Ltd, for S$72 million.
Jervois Gardens comprises two low-rise blocks of 14 maisonettes and three apartments located at 30F and 30G Jervois Road.
The property was put up for collective sale by Colliers International, with the tender for the subject site launched on Aug 29 and closed on Sept 26. The recently closed tender marked the third attempt by Colliers putting Jervois Gardens out for a collective sale.
Managing director of Colliers International Singapore Tang Wei Leng noted that each owner of either a maisonette or apartment at the development will potentially get between S$3.3 million and S$4.5 million.
Colliers International has received eight bids for this prime freehold site.
Jervois Gardens sits on a freehold land area sited between the Redhill MRT station and the future Great World City MRT station. Under the 2014 Master Plan, the subject site is zoned for "residential" use.
The sale is subject to the approval of the Strata Titles Board.
Source: Business Times 26th September 2017
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