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Jui Residences sold 25 per cent of units at weekend launch

by • September 26, 2018 • Property LaunchesComments (0)171

More than 29 units were sold at the weekend launch of the 117-unit Jui Residences at Serangoon Road. The total number of units sold accounted for about 25 per cent of the total number of units at the development.

Jui Residences

Image credit: Jui Residences

The freehold development offered by Malaysian-listed property developer Selangoor Dredging Berhad, is being sold at an average price of about $1,700 per square feet (psf). The developer said that the “strong interest” in Jui Residences stems from it being a “freehold development at leasehold prices”.

Most of the units at the single 18-storey tower which have been snapped up are one-bedroom units of 431 to 463 sq ft which are priced from $700,000; as well as two-bedroom units of 657 to 710 sq ft priced from $1.1 million. There are also three-bedroom units of 883 to 1,001 sq ft from $1.47 million.

The new development sits on the site of the former National Aerated Water Company bottling factory, and will incorporate the main building of the historical factory into the façade of the new development. Jui Residences faces a wide frontage of the Kallang River, which is being rejuvenated.

Jui Residences is expected to be completed in 2022.

Surrounding Amenities

Type Description Distance from site (km)
Transportation Potong Mrt Station 0.66
Boon Keng Mrt Station 0.86
Shopping The Venue Residences / Shoppes 0.44
The Poiz Centre 0.6
City Square Mall 1.95
NEX Shopping Centre 2
Kallang Wave Mall 2.6
Kallang Leisure Park 2.8
Novena Square 2.58
Orchard Shopping Belt 4.5
Medical Facility Novena Medical Center 2.52
Mount Elizabeth Novena Specialist Centre & Hospital 2.52
Tan Tock Seng Hospital 2.35
National Skin Center 2.04
Thomson Medical Center 2.76
KK Women’s & Children’s Hospital 2.75
Education Saint Andrews Junior College & Junior School 0.88
Bendemeer Primary School 0.45
Saint Andrews Secondary School 0.58
Bendemeer Secondary School 0.63
Cedar Girls’ Primary & Secondary School 1.3
Stamford America International School 1.3
Pei Chun Public School 1.14
Hong Wen School 1.1
Global Indian International School (Girls) Balestier Campus 1.57
Maris Stella High School (Primary & Secondary) 2.23
Clubs/Associations Chinese Recreation Centre 1.47
Singapore Indian Association 1.52
Ceylon Sport Club 1.58
Club CSC @ Tessensohn 1.61
Kallang Sea Training Centre (NCC) 2.26
Singapore Cricket Association 2.87
Singapore Sports Hub 2.48
Marina Bay Golf Course & Driving Range 3.74

Shopping Centres near Jui Residences

The Poiz Centre

The Poiz Centre is part of a mixed-use development which will be connected to the adjacent Potong Pasir MRT station. Spanning a gross floor area of 50,000 sq ft and housing 84 shops, about 10 per cent of the space at The Poiz Centre will be allocated to food and beverage outlets.

The Venue Shoppes

The Venue Shoppes is already opened for business and filled with beer markets and concept café. Looking to settle your ice cream cravings? Look no further, because here is where you can find something for your dessert tooth.

Transportation at Jui Residences (MRT/Bus/Roads)

Potong Pasir MRT

Potong Pasir MRT Station (NE10) is an underground Mass Rapid Transit (MRT) station on the North East Line in Toa Payoh planning area, Singapore.

Boon Keng MRT Station

Boon Keng MRT Station (NE9) is an underground Mass Rapid Transit (MRT) station on the North East Line in Kallang, Singapore.

Right Next to CTE and PIE Intersection

The Central Expressway (Abbreviation: CTE) in Singapore is the major highway connecting the city centre of Singapore with the northern residential parts of the island, including Toa Payoh, Bishan and Ang Mo Kio and further onwards to the Seletar Expressway and the Tampines Expressway.

The Pan Island Expressway (Abbreviation: PIE) is the oldest and longest of Singapore’s expressways. Currently, it is also Singapore’s longest road. It extends along the length of the island, connecting Tuas in the west to Singapore Changi Airport in the east. Its length is 42.8 kilometres (26.6 mi).

Amenities

Boon Keng Market

Situated just 10-15 minutes walk from Boon Keng Market, you can easily find top ratings in FourSquare, hungrygowhere, and burpple. All the famous Singapore delicacies can be found in this market, at a setting and atmosphere not easily found in the highly developed and urban Singapore landscape. Other finds includes quaint hardware and clothing stores, fruit sellers and snacks peddler. Bendemeer Ville is well-loved by many residents in the area. Even people living outside the district will visit this market to settle their grocery needs and food cravings.

Kallang Community Club

Also known as Kallang CC, it has a privately run childcare centre and a basketball court. It is well loved by the residents here looking to spend time and catch up with one another. The facilities are well taken care of and maintained regularly by People’s Association. Book day trips to Malaysia here! Its always having trips to Muar, Batu Pahat, Fruit Farms. Organized by Kallang CC.

Potong Pasir Town and Market

Yet another heartland market filled with everyday items at a cheap price in the HDB Town Potong Pasir Estate. It is an option that you will find yourself coming back to get your daily necessities and every kind of needs.

Education

Bendemeer Primary and Secondary School

St Andrew’s Primary and Secondary

St Andrew’s Junior College

Site Info & Price Bid for Jui Residences

Site History

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.

URA takes a very selective and practical view and approach on conservation, and not all buildings are suitable or qualify for conservation efforts. A list of comprehensive and strict criteria has to be met, mainly the building’s architecture, history, social influence, rarity of the type and social and environmental factors.

Price Bid History

Many bids have been received for this rare freehold development and Selangor Dredging Berhad (SDB) managed to secure Jui Residences Land Sales Price at S$47 million. On top of that, another $22.6 million in additional to the land bid price is payable to the government to made changes to the zoning of the land to residential development from previous industrial status.

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