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Jadescape @ Central Singapore: Smart Home Living and Nature-inspired Offerings

Ohmyhome

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JadeScape denotes the extensiveness of the greenery, lush representing Jade in the development and Scape describes the overall setting and nature-inspired offerings of the property. “Jade” positions the property as one of luxury and prestige.

Be prepared to set into an era of luxurious living that is rich in concept and value-filled with nature!

Aside from JadeScape’s central location, along with a plethora of entertainment and dining options, it sounds promising for local and foreign property investors due to Singapore’s foreign residents’ growth. As of Q3 2019, Singapore’s non-residents – which include dependants, international students and people working in the country – rose to 1.68 million.

Not only that, JadeScape’s gross rental yield is at 3.2% should you decide to rent out your property, this is what you can expect as your return on investment before taxes, maintenance fees and other costs.

What makes JadeScape standout amidst the property glut in Singapore? And why 62.5% of its units released was instantly snapped by 2 pm during its launch weekend?

4 Reasons to Choose JadeScape for Your Next Investment in Singapore Property Market:

1. Gross Rental Yield

A 3.2% gross rental yield is considerably good compared with the rest of the South East Asia; Hong Kong is at 2.35% while Japan is at 2.66%.

How did we get 3.2%?

(Gross rental income for 12 months/ purchase price of the property) x 100= gross rental yield.

Calculating the Gross Rental Yield for JadeScape

A one-bedroom unit at JadeScape is from $860,000 and the average monthly rental contract of Tresalveo (120m opposite of JadeScape) is around $2,300. You can check other rental rates for nearby one-bedder properties using Ohmyhome.

Gross Rental Income of $2,300 x 12 months= $27,600/purchase price at $860,000= 0.032*100= 3.2%

jadescape-central-singapore-smart-home-living-and-nature-inspired-offerings-foreigners

2. Increasing Rental Price

Singapore’s overall rents for condos in the Rest of Central Region increased by 2.8% and the country’s rental prices increased on a year-on-year basis as of Q3 2019.

To give you an example, the monthly rent at Tresalveo for a one-bedroom unit 500-600 sqft:
In Dec 2018- Up to $2,250
In Nov 2019- Up to $2,500

Now you have an idea of how much your property can potentially fetch after its TOP in 2023.

jadescape-central-singapore-smart-home-living-and-nature-inspired-offerings-tenant-demand

3. Higher Tenant Demand

In 2019, there are 2% more foreigners which contributed to the private property rental market. It is noteworthy that tenants may find JadeScape attractive as it is nearby AMK Hub in Ang Mo Kio MRT Station and Junction 8 in Bishan MRT Station.

Residents near Bishan can look forward to better transport connectivity, new parks and enhancement of existing recreational facilities. New commercial facilities will be developed in areas around Potong Pasir and Woodleigh MRT stations which are connected to Marymount Station.

New educational institutions will be added, including a junior college at the junction of Sin Ming Avenue and Marymount Road.

4. Increase in Property Prices

Prices of private residential properties in Singapore continued to climb in the third quarter of 2019, after hitting their highest levels in at least five years in the previous quarter.

What factors may contribute to this rise in home prices in JadeScape?

Transportation and Accessibility

JadeScape is five minutes away from Marymount MRT Station (450m away from Exit A). This station is located along the Circle Line and is one stop away from Bishan MRT Station and from there you can change over to the North-South Line.

It’s approximately 14 minutes from Marymount to Dhoby Ghaut MRT Station that connects the different regions in Singapore from North-South Line, North-East Line to the Circle Line which intersects with all other train lines around the country.

Working in the CBD? In less than 20 minutes, you will be able to reach Raffles Place MRT Station.

Future Developments

Travelling to other parts of Singapore from JadeScape will be faster and more convenient with the following enhancements to the public transportation network:

  • The Thomson Line with three stations in the area, namely Bright Hill, Upper Thomson and Caldecott. Caldecott MRT Station will serve as an interchange station to connect with the Circle Line
  • A new integrated transport hub with Woodleigh MRT Station to serve Bidadari Estate and beyond
  • North-South Expressway will reduce travelling time to the city centre and alleviate traffic load on major arterial roads such as Marymount Road and Thomson Road

If these reasons are not enough, be excited with what awaits you in JadeScape!

jadescape-central-singapore-smart-home-living-and-nature-inspired-offerings-smart-home

5. Perks for Own Stay

If you intend to purchase JadeScape for your own stay, good news! Jadescape’s location is one of the best! Shunfu Road is close to popular mature estates like Ang Mo Kio and Bishan. Certain units in this new launch property would overlook the landed properties at Thomson Garden Estate.

Leisure and Dining

There is a market just opposite this property and a Sheng Siong supermarket nearby. JadeScape is close to popular food haunts along Upper Thomson Road.

Recreation

There are many recreational options near JadeScape, including MacRitchie Reservoir, Bishan-Ang Mo Kio Park and Toa Payoh Town Park, and the popular park connector along Kallang River.

Amenities

This new launch project’s developer will definitely be implementing smart living solutions for the residents. Look forward to the voice command feature when turning on your air conditioning unit or dimming your lights.

JadeScape @Marymount Project Details

Developers Qingjian Realty
TOP 2023
Price S$1,500 psf
Lease type 99-year leasehold
Location District 20

Buying your dream home in the Central Region?

Best Mortgage Rate Across All Banks for JadeScape

Talk to our mortgage brokers with over 30 years of experience and get the lowest mortgage rate at 1.95% for JadeScape. Our home loan specialists will assist you with everything you need to know from Total Debt Servicing Ratio (TDSR), Loan to Value (LTV) Limits and Legal Conveyancing.

Buyer’s Stamp Duty for JadeScape

Buyer’s Stamp Duty (BSD) is tax paid on documents signed when you buy or acquire property located in Singapore.

If you plan to buy a three-bedroom unit at JadeScape for your family’s own stay, the price is at around $1.38 million which is reflective of the market value, your BSD is $39,800.

Market Value of the Property BSD Rate Calculation
On the first $180k 1% $1,800
On the second $180k 2% $3,600
Next $640,000 3% $19,200
Remaining $380,000 4% $15,200
BSD Payable $39,800

Source: IRAS

Looking at another unit size? Use Ohmyhome’s In-app BSD calculator for faster calculation! Download Ohmyhome from the Play Store or App Store now!

Additional Buyer’s Stamp Duty for JadeScape

Liable property buyers in Singapore are required to pay Additional Buyer’s Stamp Duty (ABSD) on top of the existing BSD. ABSD and BSD are computed on the purchase price as stated in the dutiable document or the market value of the property (whichever is the higher amount).

Who is liable to pay ABSD:

  1. Singapore Citizen (SC) buying second, third and subsequent residential property
  2. Singapore Permanent Resident (SPR) buying first, second and subsequent residential property
  3. Foreigners or entities buying any residential property

ABSD for Singapore Citizens when Buying JadeScape

Here’s the ABSD amount you are required to pay if you are an SC:

Property Ownership ABSD Rate ABSD Amount from Price $1,320,000
If JadeScape is your second residential property 12% $165,600
If JadeScape is your third or subsequent residential property 15% $207,000

ABSD for Singapore Permanent Resident when Buying JadeScape

Here’s the ABSD amount you are required to pay if you are an SPR:

Property Ownership ABSD Rate ABSD Amount from Price $1,320,000
If JadeScape is your first property 5% $69,000
If JadeScape is your second or subsequent residential property 15% $207,000

ABSD for Foreigners when Buying JadeScape

Here’s the ABSD amount you are required to pay if you are a foreigner:

Property Ownership ABSD Rate ABSD Amount from Price $1,320,000
Foreigners buying any property 20% $276,000

VIP Service for Buyers at $0 Agent Fees

Our real estate consultants will provide you insights about this new project and assist you with everything you need to know from BSD, ABSD, exercising the OTP to sealing the deal.

Buy your dream home at $0 agent fee!

Call 6886 9009 now!

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