About The Garden Residences
The Garden Residences is a 99-year condominium launched in Serangoon North Estate and Serangoon Gardens. An iconic building in the vicinity, designed with space, living, and uncompromising in views and locality. Led by Keppel and Wing Tai Joint Venture, it will be a building for the ages, for the generations with luxurious fittings and incomparable qualities.
The site is within URA’s Serangoon Planning area. Comparative developments in the area includes Kensington Park, Serangoon Ville Enbloc by Oxley Holdings. Slightly further to the East will be Terrasse. There has been a drought for new condominium launches in the estate and so The Garden Residences together with Serangoon Ville will rejuvenate and revitalize the area, bringing value and injecting a lease of excitement and opportunities into the estate
This land parcel on original address of 15 Serangoon North Avenue 1 has recently been tendered by major and giant property developers, Keppel Land and Wing Tai Holdings. This site was successfully bidded and now will house the upcoming development, The Garden Residences Serangoon, it is an ideal place planned to become a residential condominium ideal for individuals looking to settle in this private and charming area of Singapore.
The top bid for this highly competitive site for The Garden Residences site reached an impressive $446.28 million from the Joint Venture Developers, worthy also to note with the second-highest bid of $418.7 million having been placed by Frasers Centrepoint’s FCL Residences. Experts and land economists have noted these aggressive bids by many competing property developers recently as a reflection of the rising value and brighter optimism of Singapore’s real estate market.
Read More: The Garden Residences Prices & Project Details
Notable Price Bids
- This public tender for a private residential site in Serangoon North Avenue 1 attracted 16 bids.
- Corson and Wingjoy Investment – units of Keppel Land and Wing Tai Holdings – jointly placed the top bid of $446.28 million, the Urban Redevelopment Authority (URA) said on Thursday (July 27).
- The price works out to about $964.8 per sq ft per plot ratio for the 99-year leasehold plot, which could yield 505 private homes.
- The top bid was about 6.6 per cent higher than the second of $418.7 million tabled by FCL Residences.
- Singland Homes and UOL Venture Investments jointly submitted the third highest bid at $417.2 million.
- The site has a land area of 17,189.1 sq m and permissible gross floor area of 42,973 sq m.
- It was put up for sale under the confirmed list of the Government Land Sales programme for the first half of the year.
Reasons to Invest in The Garden Residences
- Excellent Connectivity
- Near Prestigious Schools and Education Hub
- Centralized Location and Minutes to Orchard Road, Vivocity, CBD and Marina Bay
- Near to Amenities such as shopping centres and Chomp Chomp Food Centre.
- Strong Tenant Base and expatriate demand from Lycee Francais de Singapour
- Strong Tenant Base from Surrounding Business Parks such as Amk Industrial Park and Serangoon North Industrial Estate
- Great for Families near good schools and strong amenities
- Luxurious Living and Fittings
Area is one of the vital things that you have to consider when buying Singapore condos. Before you can really decide the best area for your home, you should decide first the kind of neighborhood that you need to live in. It’s fortunate that these properties are situated in the most brilliant areas in the city. Obviously it is as yet imperative to decide the correct area that you needed for your home before you at last settle on a choice keeping in mind the end goal to maintain a strategic distance from laments later on. You need to remember that usefulness is critical and the area must give the specific advantages you are searching for.
Jui Residences Condo is the latest development by SDB Singapore, Selangor Dredging Berhad (SDB). Located at 1177 Serangoon Road, it is situated in an established HDB estate with plenty of new developments, including minutes drive to Paya Lebar Hub, and a majestic water view of Sungei Kallang.
The condo land parcel at Jui Residences received a top offer of S$47m for the 31,705 sqft land plot of former building – National Aerated Water Company. SDB will work with Singapore in the conversation of nearby heritage buildings, and this residential estate will be one of the prime city fringe development.
The project is officially announced at the end of 2017 with indicative prices expected to be released after CNY 2018. For starters, one may refer to the following Serangoon Masterplan by URA to get an idea of the estate Jui Residences Condo is developed in.
The building will be worked by Selangar Dredging Berhad to be transformed in a “unique and lively commercial area”, said Mr The Lip Kim, the managing director of SDB, and it lies next to a park connector. There will not be a fence along the main road and river, meaning that it will welcomed the public for a close up look and personal with this heritage gem.
Source: Jui Residences Condo Project Details
Jui Residences Condo – Own a piece of Heritage
National Aerated Water Company is a Heritage Site that is a landmark with a rich history and is part of the whole DNA of this district. Kallang used to be industrial, and full of brickmaking kilns and sawmills. The now-famous St James Power Station was also in the national monument industrial heritage along with Kallang Airport and also Fort Factory.
With the commercial development in the area, here’s what we can expect Jui Residences Condo to entail:
The price psf will only be released after CNY 2018. Do register early with the Jui Residences Official Developer Team to keep updated with the latest news. For now, we are certain there will be at least 1 to family bedroom options, with a total of 1177 units. The estimated psf will be aligned with surrounding Condominiums to keep it competitive by SDB.
Here are the top 6 reasons why we expect the prices of Jui Residences to be competitive (and investment worthy!):
- Own a piece of Heritage on this development
- Near Prestigious Schools and Education Hub
- Well connected via Expressway at Doorstep and Serangoon Road
- Plenty of Amenities in Mature Estate
- Freehold Property
- Proven Track Record and Quality Fittings by Selangor Dredging Berhad
Jui Residences Condo – Site Location Details
Location Map and Surrounding Amenities
Jui Residences Condo will be beside Potong Pasir MRT. Residents will find transportation convenient and minutes to shopping malls like The Venue Shoppes, as well as local wet market Boon Keng Market. Here are some amenities that will be situated closeby: Kallang Community Club, Potong Pasir Town and Market, and The Poiz Centre.
Education wise, Potong Pasir & Serangoon is known for the variety and strength of the education facilities and options. There is Bendemeer Primary and Secondary School, St Andrew’s Primary and Secondary, as well as St Andrew Junior College (SAJC). This covers a wide array of education options for a child from teenage to adult.
Register for Early Preview for Jui Residences Condo Singapore
URA’s CEO Mr Lim Eng Hwee said: “This building is not only historically significant as a familiar landmark along the Kallang River, it also holds fond memories for Singaporeans for the popular soft drinks it produced from the 1950s to 1990s”
To find out more, do sign up for the Jui Residences Show Flat.
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