CapitaLand’s J’den to start preview at prices from S$2,100 psf

CapitaLand Development (CLD) will start previews for its J’den mixed-use development on Saturday (Oct 28), with prices starting at S$2,100 per square foot (psf).

The 99-year leasehold project is a redevelopment of the former JCube, a leisure and edutainment mall in Jurong East. It was acquired by CLD for S$340 million in January 2022.

Market watchers then expected final selling prices of the new development’s residential units to range between S$2,000 and S$2,100 psf.

J’den occupies a site area of 83,648.5 square feet (sq ft) and comprises 368 units in a 38-storey tower, built atop a two-storey commercial podium.

Nearly 70 per cent of it – or 257 units – will have two to three bedrooms.

Units are sized between 527 sq ft for a one-bedder and 1,485 sq ft for a four bedder.

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Three-bedroom units with a study and four-bedroom units will be served by private lifts for added exclusivity, said CLD. 

The real estate developer noted that J’den will be the first condominium to be launched in the Jurong Gateway area in a decade. The last was MCL Land’s J Gateway in 2013. 

Caveats data showed that resale prices at J Gateway averaged at S$954,500 in the past three months.

In late September, a 484 sq ft unit was transacted at slightly over S$1 million or S$2,126 psf. 

Resale prices for private condo units in J’den’s vicinity have also ranged from S$918,000 to S$1.8 million in the past three months. The most recent sale just two weeks ago was for a 1,163 sq ft unit at 99-year leasehold condo The Mayfair, which transacted at S$1.3 million or S$1,101 psf. 

Tan Yew Chin, chief executive officer of CLD (Singapore), noted that J’den is also within Jurong Lake District, which is quickly transforming into a “vibrant business and leisure hub amid a unique lake setting under the government’s master plan”.

Said Tan: “With its excellent locational and product attributes, we are confident that J’den will attract astute buyers who wish to enjoy the privileges of living in the heart of one of Singapore’s most coveted districts, where facilities for retail, entertainment, healthcare, education, wellness and fitness are all within easy reach.” 

J’den will book sales from Nov 11, and is expected to receive its notice of vacant possession in November 2028.