J’den sales gallery draws over 7,000 visitors on preview weekend
CapitaLand Development’s J’den pulled beyond 7,000 visitors on its very first weekend of public viewing by 5 pm on Sunday, Oct 29, states the property developer in a report. Sales reservations for J’den is going to start on Saturday, Nov 11.
” It’s one of the biggest sneak peek audiences over the first weekend this year,” reviews Ken Low, supervising partner of SRI.
” JLD is set to improve into the biggest mixed-use service and world-class sustainability area apart from the Central Area,” claims Mark Yip, CEO of Huttons Asia. “The development potential is extensive as the strategies for JLD take shape.”
According to Justin Kwek, deputy chief executive officer of OrangeTee & Tie, the overwhelming return over the weekend is in addition “a testament to customers’ confidence in the developer’s reputation and the solid interest in integrated advancements”.
At 40 storeys and 150m in level, J’den will definitely be the highest residence tower and the first mixed-use project 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 costs, with measurements from 527 to 1,485 sq ft.
Additionally, Gafoor sees “restrained demand for new private homes in the area” considering that the previous brand-new launch was some one decade back when the 738-unit J Gateway reached the marketplace. “We assume J’den will certainly see a very favorable feedback from purchasers and might most likely be among the top-selling projects this year in terms of take-up price,” he includes.
JLD is the 2nd area outside Marina Bay to be offered by four MRT lines, Yip notes. He includes that the Jurong Region Line will be completed by 2029, while the Cross Island Line will probably be finished by 2032, attaching JLD to the CBD, Jurong Innovation District, one-north and schooling centres inside a 30-minute train journey.
Not surprisingly, amidst the many possible purchasers are young residents in their late twenties and early thirties, considering the two-, three- and also four-bedroom systems, statements Marcus Chu, CEO of ERA Singapore.
” The eager turnout is a testimony to the suppressed rate of interest in confidential residential release in Jurong Gateway, the lively center of Jurong Lake District, as well as the outstanding locational and product characteristics of J’den,” states Tan Yew Chin, CEO of CapitaLand Development (Singapore).
“With costs beginning with $2,100 psf, we believe many possible purchasers view the property as offering a solid worth proposition, offered the compelling location of J’den in the heart of JLD, its distance to the MRT station, and lots of features in the place,” says Ismail Gafoor, Chief Executive Officer of PropNex.