|Development Name:||Jui Residences|
|Developer:||Selangor Dredging Berhad (Tiara Land Pte. Ltd.)|
|Address:||1177 Serangoon Road Singapore 328231|
|Tenure:||Estate in Fee Simple (Freehold)|
|Site Area:||31,705 sqft|
|Gross Floor Area:||88,774 sqft|
|No. of Blocks:||01|
|No. of Storeys:||18|
|No. of Units:||Approximately 117 Units|
|Expected TOP Date:||01 June 2022|
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.
Leasehold vs Freehold Developments
There has been always different views of the advantages and disadvantages of holding a freehold property. Generally, holding a freehold property can be very beneficial from an investment point of view for aspiring property owners who are looking for longer term investments.
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|
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.