J’den sales gallery draws over 7,000 visitors on preview weekend
At 40 floors and 150m in level, J’den will definitely be the highest residence high rise and the first mixed-use property development in the center of Jurong Lake District (JLD), Singapore’s second CBD. The 368 units at J’den are a blend of one-bedroom to four-bedroom costs, with sizes from 527 to 1,485 sq ft.
JLD is the 2nd district outside Marina Bay to be offered by 4 MRT lines, Yip notes. He includes that the Jurong Region Line will be finished by 2029, while the Cross Island Line will probably be completed by 2032, connecting JLD to the CBD, Jurong Innovation District, one-north and learning centers throughout a 30-minute train journey.
“With costs beginning with $2,100 psf, we think several possible purchasers see the venture as providing a strong value proposition, offered the convincing location of J’den in the core of JLD, its distance to the MRT terminal, and plenty of amenities in the area,” says Ismail Gafoor, CEO of PropNex.
CapitaLand Development’s J’den drew greater than 7,000 visitors on its very first weekend of public sneak peek by 5 pm on Sunday, Oct 29, claims the builder in a report. Sales bookings for J’den is going to commence on Saturday, Nov 11.
” JLD is set to improve into the biggest mixed-use company and world-class sustainability area outside the Central Location,” claims Mark Yip, Chief Executive Officer of Huttons Asia. “The growth potential is huge as the plans for JLD take shape.”
According to Justin Kwek, deputy chief executive officer of OrangeTee & Tie, the overwhelming feedback over the saturdays and sunday is in addition “a testimony to consumers’ confidence in the property developer’s credibility and the strong interest in incorporated developments”.
Furthermore, Gafoor notices “suppressed demand for new exclusive houses in the location” given that the previous brand-new debut was some ten years earlier when the 738-unit J Gateway reached the market. “We think J’den will see a really favorable response from investors and could likely be one of the top-selling properties this year in with regards to take-up price,” he adds in.
” It is among the biggest sneak peek audiences over the 1st weekend this year,” feedbacks Ken Low, managing partner of SRI.
” The eager turnout is a testimony to the suppressed rate of interest in confidential non commercial release in Jurong Gateway, the lively heart of Jurong Lake Area, as well as the outstanding locational and product attributes of J’den,” says Tan Yew Chin, CEO of CapitaLand Development (Singapore).
Not surprisingly, amongst the many potential buyers are younger residents in their late twenties and early thirties, considering both-, three- and actually four-bedroom units, comments Marcus Chu, CEO of ERA Singapore.