JadeScape - Pride of Marymount

How is the Neighborhood Fairing?

Time to collect your Keys to your new home

For numerous new property owners, the moment of collecting their keys marks a long-awaited milestone. For some, this moment has been years in the making, eagerly anticipated. As they finally grasp the keys to their new home, a surge of excitement and adrenaline courses through them. However, amidst the thrill, a sudden realization dawns: they are unsure of what steps to take next. Read more about it in our article on Key Collection.

MacRitchie Reservoir, situated in the heart of Singapore near the Central Catchment Area, is affectionately known as the lungs of Singapore. JadeScape, a residential development, enjoys close proximity to this natural gem. Residents of JadeScape can conveniently embark on a brief 15-minute stroll to reach MacRitchie Reservoir.

Within MacRitchie Reservoir lies an array of walking and jogging trails, offering opportunities for outdoor enthusiasts to explore the lush surroundings. The longest trail extends approximately 11 kilometers, forming a round trip route. Completing this trail typically requires 2 to 3 hours of walking time. For those seeking a more leisurely experience, shorter trails are also available, catering to various preferences and fitness levels.

In addition to the attractions of MacRitchie Reservoir, the renowned Tree Top Walk is a favorite among residents not only in the Upper Thomson and Marymount Areas but throughout Singapore.

Bishan-Ang Mo Kio Park

For those who prefer Bishan-Ang Mo Kio Park over MacRitchie Reservoir Park, it's also conveniently nearby. The park's main draw is its flat paths, ideal for cyclists and rollerbladers. Additionally, it boasts a dog park, a rarity in Singapore. This enclosed area allows dog owners to let their pets roam freely without disturbing other park-goers.

Transportation Nodes

JadeScape residents also enjoy proximity to major transportation nodes. Marymount MRT station on the Circle Line (CCL) is just an 8 to 10-minute walk away, while the newly opened Upper Thomson MRT station on the Thomson East Coast Line (TEL) is a slightly longer 15-minute stroll. With easy access to four MRT lines, as well as the Pan Island Expressway (PIE), Central Expressway (CTE), and future North-South (N-S) Corridor, transportation is highly convenient.

The development is also close to various shopping malls and amenities, including Shunfu Mart, Thomson Plaza, Junction 8, and AMK Hub. Notable educational institutions such as Ai Tong Primary School, Catholic High School, Raffles Institution, Raffles Girls’ School, and the newly constructed Eunoia Junior College are within proximity. Eunoia Junior College, situated along Marymount Road and also housing Marymount Community Club (CC), is particularly convenient for families, as it's just a bus stop away or a 5 to 10-minute walk from JadeScape.

JadeScape - The Development

Developed by Qingjian Realty and designed by celebrity architect Paul Noritaka Tange, JadeScape promises to be a prestigious and well-appointed development.

JadeScape will probably receive its TOP certificate in the March 2022, which means owners can collect their keys to their new homes. The joys of jubilation is on everyone's mind when they are able to collect the keys to their new home.

In our Humble Opinion, the best stacks in terms of units not being blocked and facing the landed properties are Block 10 (35, 36,40) and Block 12 ( Stack 41, 42, 46).

However, do check for any defects in your new home before you start your renovation. This has been explored in another article on defects.

Profitable and Unprofitable Transactions

This means that owners can get their key to their new homes. In fact, if you see the chart below, some owners have already began to sell their homes. There are a total of 26 Transactions of which 16 were profitable and 7 were unprofitable.

The total number of units is 1206 and assuming a conservative figure of 5% of the owners looking to sell their units, this would translate around 60 units being on the market, this would provide a good data set of the price movement.

However, if you are a original owner who is looking at liquidating their assets, then it is better to sell earlier as you need to compete with 5% or 60 owners who may be thinking of the same strategy as you.

Price Protection for owners of JadeScape

We know that JadeScape not only offers beauty but also the opportunity to enjoy many of facilities that the Developer has incorporated in the Development. Looking at this chart below, we know that JadeScape offers "price protection". It is operating within an accepted price range.

The price protection of JadeScape can be partly attributed to sale of the Government Land Sales (GLS) site on Ang Mo Kio (AMK) Avenue 1 which was recently sold to a Developer at a cost of $381.38 million ($1,118 psf per plot ratio). The bid was submitted by United Venture Development (UVD), a 60:20:20 joint venture (JV) between UOL Group, Singapore Land Group, and Kheng Leong.

Hence, if you are a potential investor, given all the information on the pricing of the area, your purchase is also price protected. Another reason that investors can take comfort in is the shortage of new condo supply in the Upper Thomson, Marymount region.

How to upscale?

If you are wondering if it is time to review your investments or unsure which projects is good, you may wish to consider JadeScape due to the reasons mentioned above. However, if still unsure, lets meet up to connect and we can brainstorm which projects are good for you based on your budget

JadeScape ticks all the boxes when it comes to buying a property. To recap, it is just minutes walk to Marymount MRT, Wet Market and the Hawker Center on Shunfu Road. It is within walking distance to Marymount MRT.

There is one obvious downside risk for owners wanted to purchase a unit in Jadescape. Those units facing Marymount Road may experience slightly elevated noise levels due to the construction works of the North-South Corridor which started in the second quarter of 2019. You may refer to the LTA website for more information.

At the end of the day, Buyers will look at how many winning points and hence Winners will outgun the Losers and this project is no exception.