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300 units sold at JadeScape condo

Qingjian Realty (South Pacific) Group said that it has sold 300 units at the JadeScape condo as at  2pm, Sunday, Sept 23. Sales began on Saturday morning.

The average transacted price is S$1,700 per square foot, it added.

Interest was balanced across all unit types.

Under the first phase of sales, Qingjian Realty has released 480 of the development's 1,206 residential units. 

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The 99-year leasehold condo is coming up on the former HUDC Shunfu Ville site.

The project offers smart home and smart estate management systems.

Yen Chong, deputy general manager of Qingjian Realty (South Pacific) Group, said in a release: "We were cautiously optimistic, but the buyers’ response has definitely exceeded our expectations."

The project is being marketed by five property agencies: ERA, Huttons, PropNex, Savills and SLP International.

Savills Singapore senior director of research and consultancy Alan Cheong said: "There has been a dearth of large projects sold in the vicinity for the past few years. This strong first weekend showing should translate to a steady rate of weekly sales for the months ahead.”

"Despite the new set of cooling measures, demand will be healthy when there is a strong product offering, an easily-accessible location using either public or private transport modes," he added.

ERA Realty Network chief executive Jack Chua said: “Pricing for JadeScape units are at a sweet spot for buyers, especially when factors like its location and proximity to transport nodes are taken into account. Many were also impressed by the concept of the project, efficient layout and excellent unit provision.”

Qingjian said details on the next phase of sales will be announced later.