The Jovell new launch condominium at Flora Drive by Hong Leong

1
131
Jovell aerial view
Jovell aerial view
Jovell aerial view
Jovell aerial view

The Jovell is a new launch condominum at Flora drive that is expected to be launched in Q2 2018.

Anyone interested in a condominium at the Flora Drive and Changi area should keep your eyes peeled for latest news and information that will be released soon.

The Jovell quick navigation

  1. The Jovell condominium details
  2. Unit mix
  3. Floor plans
  4. Pricing
  5. Showflat location
  6. Site plan
  7. Condominium amenities
  8. Transport
  9. Education
  10. Healthcare
  11. Shopping
  12. Fitness
  13. Government masterplan
  14. Investment anlaysis
  15. Developer background
  16. Contact us/register interest

The Jovell new launch condominium details

Jovell artist impression
Jovell artist impression
Developer Hong Leong Holding Limited
Official launch date Est. September 2018
TOP date Est. 2021
Address District 18, Flora Drive
Number of units 429
Number of towers 9 residential towers of 8 stories each
Tenure 99 year leasehold
Type of units 80 units of 1BR and 1+study (41sqm to 49sqm)

324 units of 2BR, 2+study, 3BR and 3BR+Yard (59sqm to 96sqm)

24 units of 4BR (114sqm to 118sqm)

Facilities Swimming pool, kids pool, gym, clubhouse, tennis court, reading room
Architect Ong and Ong Pte Ltd
Estimated date of launch Q2 2018

Link 1) The Jovell quick navigation 2) Contact us/register interest

Attractive points

  1. Exclusive development with only 428 units
  2. Tranquil environment with beautiful and lavish landscaping
  3. Less than 10 mins drive to Changi business park, Tampines Regional Centre and upcoming Project Jewel at Changi Airport
  4. Short drive to Ikea, Giant, Courts Megastore, Changi City Point and Tampines Malls
  5. Close proximity to int’l schools such as The Japanese School, United World College, SUTD and Overseas Family School

The Jovell Unit Mix

Jovell siteplan
Jovell siteplan

The unit types at the Jovell ranges from 1 to 4 bedrooms. There are units with the option of a study or yard.

1 bedroom – 28 units from 41-42 sqm
1 bedroom with study – 56 units at 49 sqm
2 bedroom – 56 units from 59 to 60 sqm
2 bedroom with study – 128 units from 60 to 67 sqm
3 bedroom – 104 units from 93-96 sqm
3 bedroom with yard – 32 units from 93 to 96 sqm
4 bedroom – 24 units from 114 to 118 sqm

Link 1) The Jovell quick navigation 2) Contact us/register interest

The Jovell floor plans

Jovell 1br floorplan
Jovell 1br floorplan
Jovell 2br floorplan
Jovell 2br floorplan
Jovell 3br floorplan
Jovell 3br floorplan

These floorplans are those of the showflat units. For the complete set of floorplans, contact us below and we will send them over to you.

Link 1) The Jovell quick navigation 2) Contact us/register interest

The Jovell Pricing

Based on the comparable analysis done in the investment analysis section of this post, I anticipate selling prices to be in the range of S$1,000 to S$1,100 psf.

Actual pricing for The Jovell has not yet been released but please contact us if you want to be notified of latest updates.

Link 1) The Jovell quick navigation 2) Contact us/register interest

The Jovell showflat location

The showflat location of The Jovell is not out yet but is likely to be either at Pasir Ris or Tampines given that most potential buyers would be living in these areas.

Link 1) The Jovell quick navigation 2) Contact us/register interest

The Jovell Site Plan

Contact us if you would like to be updated on the latest information and news regarding The Jovell.

Link 1) The Jovell quick navigation 2) Contact us/register interest

The Jovell amenities

The size of The Jovell is relatively large, so we can expect a whole suite of amenities to suit the needs and wants of residents.

The amenities that will definitely be present include a gym, swimming pool, kids play area, bbq pits, reading room and wading pool etc.

Link 1) The Jovell quick navigation 2) Contact us/register interest

The Jovell transport choices

The Jovell is near Tampines East station on the Downtown line that is up and running. From there, residents of The Jovell can make their way to Expo and Changi Airport, or head directly to Bugis.

Bus services in the area include 2, 4, 5, 737 in the immediate area.

Further out at Loyang Avenue, there are many services include 3, 9, 12, 12E, 17, 19, 21, 39, 53, 53A, 59, 81, 518, 518A, 661, 737, 769 and G36.

The Jovell is near Tampines Expresway (TPE) Exit 2. TPE leads to PIE and ECP in the South and Seletar Expressway in the North.

The Jovell TPE Exit 2

Link 1) The Jovell quick navigation 2) Contact us/register interest

The Jovell education institutions

Nearby schools include East Spring Secondary (560m), East Spring Primary (700m) and White Sands Primary (1km), Pasir Ris Primary (1.8km), Tampines North Primary (1.9km), Gongshang Primary (1.8km), Yumin Primary (1.7km), Chongzheng Primary (1.7km) and Angsana Primary (1.8km).

Link 1) The Jovell quick navigation 2) Contact us/register interest

The Jovell healthcare facilities

For residents of The Jovell who are concerned with health and would like to be near a hospital, the Changi General Hospital is about 5-10min drive away.

The Tampines Hub also has a polyclinic so there should be no worries regarding a lack of healthcare facilities.

the Jovell Changi general hospital

Link 1) The Jovell quick navigation 2) Contact us/register interest

The Jovell shopping malls

Near Jovell are Shopping Malls such as White Sands, Downtown East and E Hub which are close near Pasir Ris central. In addition, there is Tampines Mall, Century Square and Tampines One which is one MRT station from Pasir Ris.

The jovell white sands

Link 1) The Jovell quick navigation 2) Contact us/register interest

The Jovell fitness amenities

Jovell Lagoon artist impression
Jovell Lagoon artist impression

Near The Jovell are some parks such as Sea Shell Park in Pasir Ris and Tampines Eco Green to the South. Further up North is Pasir Ris Park and the Changi area.

All these areas make it convenient for residents of The Jovell to remain fit and active.

Link 1) The Jovell quick navigation 2) Contact us/register interest

Government Masterplan

Being near Tampines also means that The Jovell will be able to benefit from the Tampines Masterplan.

There are 4 main prongs to the Tampines Masterplan that will benefit The Jovell.

  1. Housing: Better living through a better environment
  2. Leisure: Green and blue spaces come alive
  3. Transport: Getting you there and back
  4. Economy: Quality jobs closer to home.

Residents can look forward to future developments in the area such as expansion of Changi General Hospital, a new Integrated Transport Hub, the Downtown Line and new amenities to complement Tampines North.

There will also be substantial land parks set aside in Tampines North. A new park connector will link up much of the east, including Tampines, Pasir Ris and Bedok Reservoir.

There will be may MRT stations serving the area in future along the Downtown Line.

New cycling routes will be set up so that residents can get around Pasir Ris where The Jovell is, to Tampines and beyond.

And all of these will be a stone’s throw from The Jovell!

Link 1) The Jovell quick navigation 2) Contact us/register interest

JPark condo Tampines Masterplan

The Jovell Investment Analysis

The Jovell is in district 18 of Singapore which consists of Simei, Tampines and Pasir Ris.

Over the past 10 years, prices in district 18 have climbed from S$625 psf in Feb 2010 to S$945 as of Jan 2018.

This represents a rise of 51% over the period or an annualized increase of 5.3%.

If rental income and leverage were to be accounted for, the percentage increase would be in the double digit range and possibly more than 20%.

The following chart shows how non-landed prices have moved in district 18, which can be taken as a proxy for The Jovell.

Link 1) The Jovell quick navigation 2) Contact us/register interest

JPark condo singaporeRental yield

In terms of rental yield, district 18 has an average yield of between 3.5% to 4%.

Using some projects in the district as comparable, most of them are registering yields of about 3.6%.

For investors in The Jovell, this can be used as a benchmark to determine how much rental yield is feasible.

The following are some projects in district 18 and their respective rental yield.

Project Gross yield (%)
Melville Park 4.1
Simei Green Condominium 3.8
The Esparis 3.7
The Santorini 3.7
Eastpoint Green 3.6
Eastvale 3.6
Savannah Condopark 3.5
Pinevale 3.5
NV Residences 3.5
Whitewater 3.5

The Jovell has a good catchment of tenants in the form of The Japanese School which is also along Flora Drive and only 3 mins away.

Rental demand for The Jovell can also come in the form of frequent flyers, airport staff, pilots and air stewards/stewardesses since Changi Airport is very nearby.

Link 1) The Jovell quick navigation 2) Contact us/register interest

Future supply

For investors who are concerned of future supply and competition against The Jovell, there are only 2 projects that are under construction.

They are Alps Residences and Coco Palms which are likely to TOP in June 2020 and 2Q2018.

Investors who would like to rent out The Jovell should not be too concerned about the competition of these 2 properties as The Jovell will only be completing in 2021, a fair bit of time later than Alps Residences and Coco Palms.

By that time, The Jovell would be newer than these 2 projects and be able to command a rental premium due to its just built and brand new condition.

Link 1) The Jovell quick navigation 2) Contact us/register interest

The Jovell developer background

Hong Leong Holdings Limited (HLHL) was established in 1968 as the privately-held property development and investment arm of the Hong Leong Group. As one of the pioneers of the real estate scene in Singapore, HLHL has since emerged as a major player in the property market, making it one of the most sought-after providers of a comfortable home. To date, it manages 8 commercial projects and has developed close to 100 residential properties, including a range of mid to high-end residential projects in some of the country’s most coveted neighbourhoods. Looking forward, HLHL continues to seek improvement and expansion in its business while maintaining its distinct level in design, sustainability and customer service.

Link 1) The Jovell quick navigation 2) Contact us/register interest

The Jovell contact us

You know you want to stay at The Jovell. Fill in the form to contact us and be updated of latest developments.

We will notify you of the latest pricing, release of floor plans, brochures and news regarding The Jovell.

My budget is (required)
Up to S$750,000Up to S$1mUp to S$1.25mUp to S$1.5mUp to S$1.75mUp to S$2mUp to S$2.5mUp to S$3mUp to S$4mAbove S$4m