J’den sales gallery draws over 7,000 visitors on preview weekend
At 40 storeys and 150m in height, J’den will be the highest residential high rise and the first mixed-use development in the center of Jurong Lake District (JLD), Singapore’s 2nd CBD. The 368 units at J’den are a blend of one-bedroom to four-bedroom premium, with dimensions from 527 to 1,485 sq ft.
” JLD is established to transform into the largest mixed-use service and world-class sustainability district outside the Central Location,” states Mark Yip, CEO of Huttons Asia. “The growth possibility is extensive as the plans for JLD form.”
According to Justin Kwek, deputy CEO of OrangeTee & Tie, the huge return over the weekend is also “a testimony to customers’ confidence in the property developer’s credibility and the solid interest in incorporated advancements”.
Additionally, Gafoor sees “suppressed demand for brand-new nonpublic homes in the place” because the last new release was some ten years back when the 738-unit J Gateway hit the marketplace. “We believe J’den will see a quite positive reaction from investors and might probably be among the top-selling properties this year in with regards to take-up rate,” he adds in.
” It is just one of the largest sneak peek audiences over the very first week end this year,” comments Ken Low, administering partner of SRI.
” The enthusiastic turnover is a testament to the constrained interest in confidential housing release in Jurong Gateway, the vibrant center of Jurong Lake Area, as well as the outstanding locational and product characteristics of J’den,” claims Tan Yew Chin, Chief Executive Officer of CapitaLand Development (Singapore).
CapitaLand Development’s J’den attracted more than 7,000 site visitors on its 1st weekend of public sneak peek by 5 pm on Sunday, Oct 29, states the property developer in a statement. Sales reservations for J’den will start on Saturday, Nov 11.
Not surprisingly, among the many potential purchasers are young citizens in their late twenties and early thirties, interested in the two-, 3- and even four-bedroom systems, statements Marcus Chu, CEO of ERA Singapore.
JLD is the 2nd area outside Marina Bay to be offered by 4 MRT lines, Yip notes. He adds that the Jurong Region Line will certainly be accomplished by 2029, while the Cross Island Line will be completed by 2032, linking JLD to the CBD, Jurong Innovation District, one-north and learning hubs within a 30-minute train trip.
“With prices starting from $2,100 psf, we believe numerous prospective buyers see the project as offering a strong value proposition, provided the compelling place of J’den in the center of JLD, its closeness to the MRT terminal, and a lot of facilities in the area,” claims Ismail Gafoor, CEO of PropNex.