Buyers snapped up 300 of the 480 units released at JadeScape on its launch weekend up to 62% of released units, its developer Qingjian Realty said.
The buyers secured their units at an average transacted price of $1,700 per sq ft, with interest balanced across all unit types.
Home buyer Ling Mee Har, 43, was one of the first to secure a unit. “I was attracted to the convenience of JadeScape – with its central location, connectivity and the amenities within and outside of the development,” said the two-bedroom unit buyer.
Mr Alan Cheong, senior director of research and consultancy at Savills Singapore, said that “demand will be healthy when there is a strong product offering, an easily accessible location using either public or private transport modes. There has also 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.”
JadeScape, the former Shunfu Ville near Marymount MRT station, is offering smart home technology for residents while also adopting a smart estate management system. It comprises about 1,200 units.
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