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Jui Residences 2018-03-02T16:59:37+00:00

New Development Jui Residences

Located on Serangoon road where the National Aerated Water Company once stood will be Jui Residences, SDB newest development. These new condos will combine all the benefits of being on Serangoon Road with the luxury of a building designed by Malaysia-listed developer SDB Property Company. With the plans for Serangoon Road already underway and the track record of Jui Residences SDB is shaping up to be an ideal home for families big and small.

SDB bought the plot from the National Aerated Company. The deal was made for S$47 million in land costs, and an extra S$22.6 million paid for development charges due to the conversion of the plot from an industrial building to a residential development. The land is 31,705 sq ft and will yield potentially 117 units.

How Government Plans for Serangoon
That Will Benefit Jui Residences

The government has a lot of plans for Serangoon Road and those who are a part of this community while these plans are underway will benefit from them tremendously. Here are a few improvements to the neighbourhood that are already underway:

Housing: Serangoon already has great amenities, great schools nearby and a variety of shops and restaurants that residents love. However, potential homeowners are looking for upgraded housing options that offer what others can’t. That’s why plans are in motion to create mixed development and facilities that combine day care services with a family medicine centre. Plus, the introduction of Greenwich V. will bring more shopping options to residents.

Leisure: A new linear park and plaza and a pedestrian mall will help residents relax, talk about hardware zone, and get back into the swing of things feeling refreshed.

Transport: Smoother transportation and faster route connections will benefit locals greatly, So, newcomers to the neighbourhood can look forward to the Upper Paya Lebar road widening to alleviate congestion and improvements being made to road junctions.

Economy: There will be new job opportunities coming to the area thanks to the development of offices buildings at Serangoon Central.

Development Specifications

Development Name: Jui Residences
Developer: Selangor Dredging Berhad
Property Type: Condominium
Address: 1177 Serangoon Road Singapore 328231
District: D12
Tenure: Estate in Fee Simple (Freehold)
Site Area: 31,705 sqft
Gross Floor Area: 88,774 sqft
No. of Blocks: To Be Advised
No. of Storeys: To Be Advised
No. of Units: Approximately 117 Units
Expected TOP Date: To Be Advised

History of Serangoon Road in District 08

As one of the oldest roads in Singapore, Serangoon Road has become a hub of activity for the community. Talks of building this road began back in the 1820’s. At the time, many people from India made their way to Singapore to work on the Serangoon Road.

They were initially drawn to the area because of the brick kiln and cattle farming industries that were beginning to thrive. Both industries were ended for the area by the late 1800’s and early 1900’s. However, because of the large Indian population that had moved to the area over the years, Serangoon Road now goes right through the heart of Singapore’s ‘Little India’ and as a result part of the road has developed into the Indian Community’s cultural, commercial, and religious centre.

This road has also served as the primary route from the Serangoon harbour to town. Today, Serangoon Road showcases its unique architecture with design finishes that echo the era for which it was built. The distinct smooth, glossy finish to some the buildings makes them stand out as a key feature of Jui Residences Serangoon Road.

Jui Residences Developers

The developer of the new condos is Selangor Dredging Berhad or SDB. This company was incorporated in 1962 under the name Selangor Dredging Limited which was changed two years later to its current name.

In the beginning, the company dealt primarily in mining tin. It was the first business in Malaysia to construct and operate a dredge. The second dredge this company built was the most advanced and the largest dredge the world had ever seen. By the 1980’s SDB had begun to put their diversification plan into motion. They extended their company into manufacturing and later developing properties.

SDB has now turned its full attention to property activities. They have developed dozens of properties over the years, many of which showcase a sleek and modern design aesthetic that SDB has become known for. They will undoubtedly continue this trend in future listings like Jui Residences. SDB is very optimistic about the development of the Jui Residences.

Sites Like Jui Residences

Another Condo just a short trip away from the Jui Residence site is The Poiz Residences on Chettiar Road. Several listings can be found on Property Guru. This buildings TOP is expected to be complete in 2018. It is 18 floors high and contains 731 units. For this site, the prices for the unit varies depending on size.

1BR condo expected sale price: S$619,000-S$788,000
2BR condo expected sale price: S$804,000-S$1.280M
3BR condo expected sale price: S$1.260M-S$1.858M
4BR condo expected sale price: S$1.850M-S$3.746M
5BR condo expected sale price: S$3.546M-S$3.787M

The average sale price for the Poiz Residence condos is S$1,411.7 psf. Trends show that as the completion of the Poiz is drawing near the prices for all their rooms is on the rise and is selling for more than it originally did in the past 3 years when the sales of the units began. This could be due to the rise in the average transaction price for 3br units. Even though this year saw a decrease in the number of 3br unit sales, the price difference from last year shows an increase of over S$200,000 for the units that were sold this year. So, if you’re looking to purchase a condo in the area be sure to register early.

Schools Nearby

Located in Singapore, Cedar Girl’s Secondary School is an autonomous all-girls school, which was founded in 1957. Since then, the Secondary managed to gain a lot of reputation and today it is considered to be one of the most schools in the country. The school focuses in high quality education, with the belief that education is the most important factor to a prosperous future.

And a bonus for families interested in the area is its proximity to great schools both primary and secondary. Schools like St. Andrew and Cedar that are rated 4-stars and up are within walking distance from the Jui Residences development. And should parents decide to choose a school a little further away, the Jui Residences has a bus route conveniently located nearby.

Saint Andrew’s Junior College (SAJC) is a junior college in Singapore founded in 1862 by the Anglican Diocese of Singapore. It offers primary, secondary and two years pre-university courses and it’s the leading Cambridge GCE Advanced Level exams. SAJC is part of the St. Andrew’s family of Anglican mission schools.

The college is under the purview of Anglican Diocese of Singapore. They believe that students don’t enroll by chance but due to the divine purpose and plan set by God. Also, the college includes daily scripture reading and morning prayers conducted by either a student or teacher.

Shopping Malls Nearby

Jui Residences is also located 5 minutes away from the City Square Mall which offers a plethora of restaurants and shopping venues for a variety of different tastes. Jui Residences is also a short commute away from shops, restaurants, and other local amenities which will allow locals to stay close to home while gathering essentials.

The average sale price for the Poiz Residence condos is S$1,411.7 psf. Trends show that as the completion of the Poiz is drawing near the prices for all their rooms is on the rise and is selling for more than it originally did in the past 3 years when the sales of the units began. This could be due to the rise in the average transaction price for 3br units. Even though this year saw a decrease in the number of 3br unit sales, the price difference from last year shows an increase of over S$200,000 for the units that were sold this year. So, if you’re looking to purchase a condo in the area be sure to register early.

So many changes are happening to the Serangoon area, however, these changes will only work to improve the overall appeal of this location for home buyers in the future. Jui Residences Serangoon is already underway and providing luxury condos for people who see the potential of living in a central location. SDB has had many successes according to their sales gallery and Jui Residences will be another one of those successes. If you believe that Jui Residences will be your dream home register early for first mover advantage.

CONTACT US TODAY!

Register early for more updates about the launch of the Jui Residences.

 

Sales Hotline:
(+65) 9151-8899
(+65) 9114-6921

 

Email us:
sales@juiresidences.com