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
- The Jovell condominium details
- Unit mix
- Floor plans
- Showflat location
- Site plan
- Condominium amenities
- Government masterplan
- Investment anlaysis
- Developer background
- Contact us/register interest
The Jovell new launch condominium details
|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|
- Exclusive development with only 428 units
- Tranquil environment with beautiful and lavish landscaping
- Less than 10 mins drive to Changi business park, Tampines Regional Centre and upcoming Project Jewel at Changi Airport
- Short drive to Ikea, Giant, Courts Megastore, Changi City Point and Tampines Malls
- Close proximity to int’l schools such as The Japanese School, United World College, SUTD and Overseas Family School
The Jovell Unit Mix
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
The Jovell floor plans
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.
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.
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.
The Jovell Site Plan
Contact us if you would like to be updated on the latest information and news regarding The Jovell.
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.
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 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).
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 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 fitness amenities
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.
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.
- Housing: Better living through a better environment
- Leisure: Green and blue spaces come alive
- Transport: Getting you there and back
- 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!
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.
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 (%)|
|Simei Green Condominium||3.8|
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.
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.
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.
The Jovell contact us
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