Jade Scape at Shunfu Road Detailed Information
Jade Scape is strategically located right at the heart of the highly sought after Bishan and Toa Payoh area where prices have proved to be resilient as there is underlying demand. The development which is previously an enbloc from Shunfu Ville will be an iconic development right in the heart of Bishan and Marymount area.
Qingjian Realty who is the developer for this strategic development Jade Scape Marymount MRT Station has put secured a site by submitting a top bid for the plot of land based on the project details. The deal did suffer some setbacks as five unit owners backed out of the deal during transfer of the asset. However, it has been resolved and things are now looking good for the development.
Jade Scape Project Details and Information
The building is located in Bishan based on the project details of Jade Scape enbloc. This is an upmarket, leafy and attractive section of the city. It offers easy access to the main urban center and provides serenity from the hustle and bustle of the Central Business District (CBD). As such, project details forShunfu Ville is quite an attractive real estate asset. The negotiations with the five unit owners for Shunfu Ville HUDC ended unsuccessfully last month.
In addition to the uncooperative unit owners, the buyer is facing construction limitation. After purchasing the block, Qingjian Realty Group hoped to reconstruct the building and add more floors to it. They wished to demolish the current building and rebuild it so that it would have between 30 and 36 storeys. However, a spanner has been thrown in the plan by an oversight body.
Jade Scape Marymount MRT Station Shunfu Ville HUDC
A directive by the Urban Redevelopment Authority (URA) has instructed the buyer not to build that number of floors for Jade Scape Condo. According to the directive, they should stick to between 21 and 23 storeys. The general manager of the company indicated that their desire to construct many storeys is because flats in the 30th floor and beyond normally fetch a higher purchase price than those in the low twenties. However, the general manager is optimistic that both problems will get solved soon so that construction can begin.