Jade Scape Shunfu Ville Condo Qingjian Realty

The purchase of Shunfu Ville by Qingjian Realty in May 2016 was the third largest in the history of Singapore. The estate is in a prime piece of land in the Bishan area of the country is bound to benefit numerous developments in the area. The development is a 99-year leasehold development with over 900 units, the third after Bayshore Park and Marina One. Shunfu Ville has numerous facilities and specifications that the new development does not have. The development is at a strategic site that makes it easy for residents to move in and out of the location.

Jade Scape Shunfu Ville Qingjian Realty Singapore

Accessibility is enhanced by the availability of public transport thereby making the area more attractive. Besides, it is connected through major highways and roads making it easier for residents to reach numerous places within a short period of time. Currently, Jade Scape is strategically located right at the heart of the highly sought after Bishan and Toa Payoh area where prices have proved to be resilient as there is underlying demand. The development which is previously a bloc from Shunfu Ville will be an iconic development right in the heart of Bishan and Marymount area. Qingjian Realty who is the developer for this strategic development Jade Scape Marymount MRT Station has been serious about the site by submitting a top bid for the plot of land based on the project details. The deal did suffer some setbacks as five unit owners backed out of the deal during transfer of the asset. However, it has been resolved and things are now looking good for the development

Jade Scape Project Details and Information

The building is located in Bishan based on the project details of Jade Scape bloc. This is an upmarket, leafy and attractive section of the city. It offers easy access to the main urban center and provides serenity from the hustle and bustle of the Central Business District (CBD). As such, project details for Shunfu Ville say it is quite an attractive real estate asset. The negotiations with the five unit owners for Shunfu Ville HUDC ended unsuccessfully last month. In addition to the uncooperative unit owners, the buyer is facing construction limitations. After purchasing the block, Qingjian Realty Group hoped to reconstruct the building and add more floors to it. They wished to demolish the current building and rebuild it so that it would have between 30 and 36 stories. However, a spanner has been thrown in the plan by an oversight body.

Jade Scape Marymount MRT Station Shunfu Ville HUDC.

A directive by the Urban Redevelopment Authority (URA) has instructed the buyer not to build that number of floors for Jade Scape Condo. According to the directive, they should stick to between 21 and 23 stories. The general manager of the company indicated that their desire to construct many stories is because flats in the 30th floor and beyond normally fetch a higher purchase price than those in the low twenties. However, the general manager is optimistic that both problems will get solved soon so that construction can begin.