New launch condo in Singapore: why does Jervois Mansion (CCR project) attract buyers?.
One of the new launch condo in Singapore, Jervois Mansions located at 18 Jervois Road across from the Malaysian High Commission, featured 32 units spread across three four-storey blocks. This project is located on a vacant lot of 93,183 sq ft. This is a redevelopment of three former Good Class Bungalows (GCBs) that Aw's father bought in 1980. It is known that in 1985 before enlistment, Arthur Aw, CEO of investment firm Kimen Group, owned one of three 4-storey blocks at Jervois Mansions completed that year. His father, Aw Kim Chen, founder of Kimen Group, is the developer of Jervois Mansions. Aw says this development has emotional value for their family.
New launch condo in Singapore - Jervois Mansion have 6 5-storey blocks with a total of 130 units, with a mix of 1- to 5-bedroom.
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The redevelopment of new launch condo in singapore by dedicated team
Singapore new launches project is located near Bis Bishopgate-Chatsworth GCB, the land has a lot ratio of 1.4 and the new residential development must be low-rise mixed with high storeys. Inspired by wooden houses located "close to the ground", this apartment complex aims for residents to experience a high-class life in a nature reserve, which is a rarity in the city. Dubbed Jervois Mansion, the development will include 130 apartments located in six blocks, designed to be connected by elevated bridges at the rooftops.
As for the owner of this new launch condo in Singapore, Mr. Aw selected Christopher Lee - co-founder of Serie Architects to lead the design team at Jervois Mansion. It is an international organization specializing in architecture, urban design and research. Next is Studio iF, led by Gwen Tan - lead architect and partner of Formwerkz Architects who will be the appointed interior designer for this development. Also on that list, Chang Huai-yan - the founder of Salad Dressing will be the landscape architect.
Next about the landscape elements, here are the two people who will take on the role of nutritionists for this project. The first is Mason Tan, CEO of Mace Studio and landscape architect, who, along with biodiversity planner Janet Wong, will participate in the landscape selection process for Jervois Mansion. This expert duo will advise on what crops will thrive in the community garden, based on the soil in the area.
Image of New launch condo in Singapore: Jervois Mansion with experimental herb garden area.
In addition, these 2 people will be retained for an additional 2 years after the completion of the project, to train the gardeners and staff to maintain and maintain the bonsai growth at Jervois Mansion. They will also hold workshops for residents. Mr. Aw also added that interested people are encouraged to take care of the community garden and grow their own vegetables under the general rule that the harvest must be shared with the community. In particular, the Jervois Mansion sales gallery is not only a place to display different types of apartments, but also a testing ground for urban agriculture, biodiversity and other sustainable features.
Jervois Mansion - New launch condo in Singapore with sustainable luxury elements
Jervois Mansion has earned a prestigious BCA Green Mak Gold Plus Super Low Energy (Residential Buildings) rating, one notch below its Platinum rating. For example, 30% of the general facilities at Jervois Mansion will be solar powered in the future.
As Kimen Group's first residential project for sale, Mr. Aw selected Roxy-Pacific Holdings, led by executive chairman Teo Hong Lim, as development director. Choosing Roxy-Pacific besides their good reputation, it is also a quality developer for micro apartments. Attention has been placed on maximizing the size and efficiency of the bedroom and bathroom. In addition, every apartment has a garden view.
The ground floor units will have a ceiling height of 4.57m, allowing owners to build a loft - be it an extra bedroom or a workspace. Apartments on the 5th floor, which is the attic, will have a ceiling height of 3.3m. To further promote ventilation throughout, the main entrance to each apartment will have two doors: a wooden door and a mesh door. In this way, wooden doors can be opened without compromising security. This design will encourage neighborliness among residents.
Image of New launch condo in Singapore: Jervois Mansion's furniture comes from famous brands.
One element of the elegance of this project is the use of exclusive European brands for materials and accessories by Jervois Mansion. For example, kitchen appliances from French brand De Dietrich, kitchen sinks from German brand Blanco, while kitchen mixer faucets from German brand Steinberg. Stone bathroom and floor tiles from the Spanish brand Grespania Ceramica. Mr. Aw said that this is not only about creating a luxury project, but also a sustainable project in the long run. “We have managed our own property for over 30 years, and we understand the maintenance issues that can arise. Therefore, we want to make sure that the materials we use for the property will last a long time.”
To give Jervois Mansion home buyers more security, Kimen Group will retain about 25 apartments in the project as a long-term investment. Kimen Group has identified large 3- and 4-bedroom luxury apartments in two residential areas for long-term investment. Aw explained that a good reason to hold high-end apartments is that developers will not compete with investors who want to rent out their apartments in the future. “Larger, luxury apartments will lead to higher rents than standard apartments. This will lead to product differentiation rather than direct competition for tenants."
New launch condo in Singapore in Jervois enclave
In recent launches in the Jervois area are high-end, store developments of about 50 units or less, such as Midas Land's 45-unit Jervois Prive; Fragrance Group's 36-unit Jervois Treasure; and SC Global's Petit Jervois, with 55 units. The project with the highest premium is Petit Jervois, where apartments have traded at an average price of $2,902 psf this year so far.
Image of New launch condo in Singapore: Jervois area comparable condos.
Jervois Mansion is located in the prime District 10, which is part of the Core Central Region (CCR). Its pricing is on par with upcoming launches in the Remaining Region of the Center (RCR), such as the Slim Barracks Rise GLS sites, according to Nicholas Mak, research lead at ERA Realty. (government land sale) in an area north or even on Northumberland Road, Ang Mo Kio 1st Avenue and Lentor Central sites. So you are buying a free project in CCR for the RCR project price. There will be an increase in capital with the price of land plot projects in prime districts expected to increase.
In addition, according to Ken Low managing partner of SRI), with Kimen Group holding 25 units for a long time, residents will be completely assured of the quality of the work and the value will be appreciated. PropNex's Lee sees interest coming from both owners for larger units and from investors for smaller units. “Potential buyers are a good mix of upgraders from the periphery and others who are current residents of older developments from surrounding areas,” he said. “It is a beautiful, quiet residential area close to the lifestyle amenities at River Valley Road, Robertson Waterfront and Orchard Road.”
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