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A Successful En-Bloc of Jervois Gardens

Brought to You by
Brownstone Pte Ltd

A Subsidiary of SC Global

In between of Redhill MRT and
Upcoming Great World MRT Station

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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."

Jervois Green

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

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

Lotus-At-Jervois

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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Heart of New Central
Financial District
Marina One Residences

Heart of Tanjong Pagar
Financial District
Wallich Residence with
181 Limited Collection
Super Penthouse at 21,108sqft

Other Developments in
Core Central Region
 
 
 
 
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

Jervois

Jervois Gardens location

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.

If you would like to be updated on first hand information for new condo launch in Jervois Road, at the former site of Jervois Gardens,
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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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