Jade Scape condo (ex Shunfu Ville) at Shunfu Road by Qingjian Realty

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Jade Scape condo (the ex Shunfu Ville HUDC) at Shunfu Road is an upcoming development developed by Qingjian Realty.

Stay in a new condominium that has a touch of nostalgia, and reminisce on how the Jade Scape condo played a part in the developmental years of Singapore.

In this post, we give you the run down on the Jade Scape condo and what you can expect from the development.

Use the following quick navigation content page or contact us immediately to register your interest in Jade Scape condo (ex Shunfu Ville HUDC).

Quick Navigation

  1. Condominium summary
  2. Key selling points
  3. Condominium location
  4. Unit mix
  5. Floor plans
  6. Pricing
  7. Showflat location
  8. Site plan
  9. Gallery and views
  10. Condominium facilities
  11. Surrounding amenities i.e. Transport, education, healthcare, shopping/entertainment and outdoor/fitness amenities
  12. Government masterplan
  13. Micro-market environment: Demand; supply; rents and yields; prices; land prices
  14. Interest rates
  15. Site background
  16. Developer background
  17. Contact us/register interest
  18. Other project information

Condominium summary

Address Shunfu Road
Project name Jade Scape (formerly known as Shunfu Ville HUDC)
District 20 (Ang Mo Kio, Bishan, Thomson)
No of units >1000
Unit mix 2 to 5 bedroom units
Tenure 99 years
Key selling points Walking distance to Marymount, Bishan and Upper Thomson MRT (ready 2020)
Near Thomson Plaza, FairPrice Finest
Near MacRitchie Reservoir
Raffles JC nearby
Thomson Nature Park completing in 2018

Key attractions

The key attractions of Jade Scape condo, the ex Shunfu Ville HUDC are as follows

  • Near existing Bishan and Marymount MRT station
  • Will be walking distance to upcoming Upper Thomson MRT station on the Thomson East Coast Line
  • Near good schools such as Raffles Institution, Girls School and JC
  • Junction 8 shopping centre is nearby
  • Near the MacRitchie nature reserve with links to Bukit Timah Nature Reserve and heritage area Bukit Brown Cemetery
  • Good rental potential for workers working in the Buona Vista (7 MRT stops away) or Paya Lebar/Tai Seng (4 to 6 MRT stops away) area

Condominium location

Unit mix

Jade Scape, the ex Shunfu Ville HUDC which underwent en bloc in 2017, will comprise a mix of 2 to 5 bedroom units.

Affordably priced, the units will be functionally laid out and attractive to residents in the area who would like to upgrade.

Floor plans

The floor plans for Jade Scape will be released shortly. The developer is presently finalizing the plans.

Pricing

Based on pricing of surrounding condominiums such as Seasons View, Marymount View, Tresalveo, Thomson Impressions, Thomson Three, The Windsor, Thomson view condo among many others, the expected pricing of Jade Scape will be very competitive.

Showflat location

The showflat address of Jade Scape is likely to be at the site of the ex Shunfu Ville HUDC itself.

Site plan

The site plan of the project will be released shortly.

Gallery and views

Artist impressions, drawings and mock up of the condo will released shortly.

Condominium facilities

Given the large size of Jade Scape, residents can expect a myraid of condominium facilities ranging from swimming pools, kids playgrounds, tennis courts, gym, reading rooms and many other facilities.

Easily hold lessons for your friends or family with the tennis courts or have a dip in the pool after a long day at work.

Call your friends and family over for a BBQ on a Saturday night and enjoy the perks of living in a quality condominium.

Surrounding amenities

The following will give you an idea of the transport, education, healthcare, shopping/entertainment and fitness/outdoor amenities around the development.

Transport

Immediately outside of the new Jade Scape condo along Marymount Road is a bus stop that has services 54, 74, 851 and 852.

Along Upper Thomson Road is another nearby bus stop that has services 52, 130, 132, 162, 163, 165, 166, 167, 855, and 980.

Essentially you will be able to get to most parts of Singapore with the buses, or to a nearby MRT station to further your journey.

Jade Scape is also about 5 mins drive away from the Central Expressway (CTE). From there, it is an approximate 10 mins drive either way to the City or Northern part of Singapore.

The very attractive part of Jade Scape is that it is closely located to 3 MRT stations, Bishan (Red line), Marymount (Orange line) and Upper Thomson (Brown Thomson East Coast Line that will be up in 2020).

From here, it will be a breeze to head to all parts of Singapore.

Education

According to OneMap, there are numerous good primary schools within a 2km radius of Jade Scape.

Within 1km, there is Catholic High School.

Catholic high

Within 2km, there is Ai Tong School, Ang Mo Kio Primary School, Guangyang Primary School, Kheng Cheng School, Kuo Chuan Presbyterian Primary School, Marymount Convent School, Teck Ghee Primary School, Townsville Primary School.

Other secondary schools, institutes of higher education/learning, private and international schools include (not necessarily within 2 km) the following.

Secondary schools:

  • Raffles Institutution
  • Raffles Girls School
  • Whitley Secondary School
  • Pierce Secondary
  • Bishan Park Secondary
  • Kuo Chuan Presbyterian Secondary
  • Guangyang Secondary

Higher education:

  • Raffles JC
  • Eunoia JC
  • SJI International

Healthcare

Given the proximity of Bishan Town Centre to Jade Scape, there should be no worries for residents to have access to quality healthcare.

For those who desire higher quality healthcare, various hospitals in the North and Central part of Singapore are easily accessible. Particularly, the Outram area has a cluster of healthcare facilities that will meet every imaginable need for those seeking healthcare.

Shopping, entertainment, food, drinks etc.

There is no lack of shopping and entertainment amenities around Jade Scape condo, with Thomson Plaza a short walk away, and Junction 8 shopping centre just a little further away.

Junction 8

All your shopping and entertainment needs will be easily taken care of.

Not forgetting the Thomson area is a popular are for youths and young adults to hang out late into the night having a roti prata or milo for supper.

thomson prata

Outdoor/fitness amenities

Fitness buffs can consider heading to the nearby Bishan Stadium to have their does of daily exercise. In addition to a stadium and football field, the area has a swimming complex and sports & recreation club.

Government masterplan

Given that the Bishan area is already very well built up, there are no major infrastructural plans by the government for the area.

This is unlike Punggol and Jurong where the Punggol Innovation District and High Speed Rail Terminus is expected to be built over the next 10 to 15 years.

As a result, the area presents a very good living environment because of minimal noise and construction.

The only infrastructural project in the foreseeable future is the construction of the Upper Thomson MRT station that is expected to bring to residents of the Jade Scape a lot of convenience by connecting them immediately to the North, Central or East of Singapore.

Upper thomson mrt

Micro-market environment

The following sections will provide a snapshot of the micro-market health where the Jade Scape condo is situated.

Demand

For landlords, tenant demand can come from a few work clusters, namely Buona Vista and the Paya Lebar/Tai Seng area.

These 2 locations are located between 3 and 7 stops from Jade Scape condo. As a result, the condo is likely to be able to attract some renters from these busienss clusters.

Bishan has traditionally been a very popular place for people to rent given that it is not as expensive as condominiums in the city, neither is the location too far removed such that travelling becomes a chore.

For buyers of Jade Scape who desire to sell in future, there are quite a number of HDB dwellings in the surrounding area such that it may be easy to find potential buyers/upgraders.

Rents and yields

To give investors an idea of how much rent a unit at Jade Scape could be able to command, the surrounding properties are taken as comparables.

The nearest comparable is Tresalveo which is just across Marymount Road from Jade Scape.

Over the last 12 months, 1 bedroom units in the condo has commanded rents of about S$2,300 per month. 2 bedroom units commanded about S$3,300 to S$3,500 per month.

In Seasons View, 2 bedroom units are commanding about S$2,800 per month while 3 bedroom units are commanding about S$3,000 per month.

In Marymount View, 2 bedroom units are commanding about S$2,800 to S$2,900 per month while 3 bedrooms are commanding about S$3,300 per month.

On the average, 2 bedroom units could fetch about rents at approximately S$2,800 to S$3,000 per month while 3 bedroom units could fetch about S$3,300 and above.

Yields for projects in the area are approximately in the 2% to 4% range.

Prices

Prices for the latest new condo in the area, 183 Longhaus, registered sale prices of about S$1,400 to S$1,600 psf in 2016 and 2017 when it was first launched.

Some units at this project are presently up for sale on various listings websites and the owners are asking for about S$1,500 to S$1,600 psf.

This represents a gain of about S$100 psf for those who bought earlier, without yet accounting for stamp duties.

Land prices

If land prices for projects bidded later than this project is higher, tell investors good for them because they can take advantage of buying a project with a lower land price.

Interest rates

The SIBOR and SOR rates are still at a relatively low level compared to 10 years ago.

Even though there has been some slight uptick due to the US Federal Reserve’s plans to raise the interest rate, there isn’t likely to be any large spikes.

SIBOR and SOR

SIBOR rates have been relatively stable over the last 1 year.

Do check out the quick reference page we have on SIBOR and SOR rate

Site background

Sold in May 2016 for a price of S$638m, the Shunfu Ville HUDB is a well loved development especially among the more mature demographics.

Built in 1985, residents in the development even held a farewell party when they were supposed to vacate early in 2018.

Developer background

Qingjian Realty is no stranger to the Singapore property market, having constructed numerous developments such as Nutura Loft Bishan, Nin Residences, RiverParc Residence, Riversound Residence and River Isles among many others.

Potential investors and acquirers should not need to unduly worry about the quality of work done by the developer.

Contact us/register interest

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Other project information

Stay tuned for more information on Jade Scape.


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