J’den sales gallery draws over 7,000 visitors on preview weekend
CapitaLand Development’s J’den pulled more than 7,000 visitors on its very first weekend of public viewing by 5 pm on Sunday, Oct 29, says the property developer in an announcement. Sales reservations for J’den will commence on Saturday, Nov 11.
” The eager turnout is a testimony to the suppressed rate of interest in private residential kick off in Jurong Gateway, the lively center of Jurong Lake Area, as well as the outstanding locational and product characteristics of J’den,” states Tan Yew Chin, CEO of CapitaLand Development (Singapore).
According to Justin Kwek, deputy chief executive officer of OrangeTee & Tie, the huge response over the saturdays and sunday is in addition “a testimony to consumers’ confidence in the developer’s credibility and the solid interest in incorporated developments”.
At 40 storeys and 150m in height, J’den will be the highest non commercial high rise and the first mixed-use development in the heart 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 measurements from 527 to 1,485 sq ft.
Not surprisingly, amidst the many prospective buyers are younger urbanites in their late twenties and early thirties, thinking about the two-, 3- and even four-bedroom units, comments Marcus Chu, Chief Executive Officer of ERA Singapore.
” JLD is set to change into the largest mixed-use service and world-class sustainability area beyond the Central Area,” states Mark Yip, CEO of Huttons Asia. “The growth potential is immense as the strategies for JLD form.”
” It’s one of the biggest viewing groups over the first week end this year,” feedbacks Ken Low, managing affiliate of SRI.
JLD is the 2nd district outside Marina Bay to be served by four MRT lines, Yip notes. He adds that the Jurong Region Line will be finished by 2029, while the Cross Island Line will probably be completed by 2032, linking JLD to the CBD, Jurong Innovation District, one-north and learning centres throughout a 30-minute train trip.
On top of that, Gafoor notices “suppressed demand for brand-new private houses in the area” given that the previous brand-new debut was some 10 years earlier when the 738-unit J Gateway struck the marketplace. “We believe J’den will certainly see a very favorable result from investors and can likely be just one of the top-selling properties this year in with regards to take-up price,” he adds.
“With rates beginning with $2,100 psf, we believe lots of prospective buyers observe the project as giving a solid value proposition, given the engaging location of J’den in the heart of JLD, its proximity to the MRT station, and a lot of features in the location,” says Ismail Gafoor, CEO of PropNex.