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Thread: J'den (D22, 99 years leasehold, CapitaLand Development)

  1. #1
    Join Date
    Jul 2013

    Thumbs up J'den (D22, 99 years leasehold, CapitaLand Development)

    J'den is an exciting new 99-year leasehold condominium situated on the site of the former JCube shopping mall. The development plan was set in motion when CapitaLand, the developer of JCube, announced in February 2023 that the mall would cease operations on 6th August 2023. In its place, a remarkable 40-storey residential complex will rise, featuring commercial spaces on the first two floors. Anticipated to be fully constructed by 2027, J'den will also become an integral part of the upcoming Jurong Lake District (JLD). Prospective buyers can look forward to its official launch, scheduled for the latter half of 2023.

    Don't hesitate to contact Andy Goh ERA for a personalized and comprehensive discussion on any inquiries you may have regarding our offerings.

  2. #2
    Join Date
    Aug 2020

    Default Re: J'den by Capitaland

    CapitaLand’s J’den to start preview at prices from S$2,100 psf

    Oct 26, 2023

    CAPITALAND Development (CLD) will start previews for its J’den mixed-use development on Saturday (Oct 28), with prices starting at S$2,100 per square foot (psf).

    The 99-year leasehold project is a redevelopment of the former JCube, a leisure and edutainment mall in Jurong East. It was acquired by CLD for S$340 million in January 2022.

    Market watchers then expected final selling prices of the new development’s residential units to range between S$2,000 and S$2,100 psf.

    J’den occupies a site area of 83,648.5 square feet (sq ft) and comprises 368 units in a 38-storey tower, built atop a two-storey commercial podium.

    Nearly 70 per cent of it – or 257 units – will have two to three bedrooms.

    Units are sized between 527 sq ft for a one-bedder and 1,485 sq ft for a four bedder.

    Three-bedroom units with a study and four-bedroom units will be served by private lifts for added exclusivity, said CLD.

    The real estate developer noted that J’den will be the first condominium to be launched in the Jurong Gateway area in a decade. The last was MCL Land’s J Gateway in 2013.

    Caveats data showed that resale prices at J Gateway averaged at S$954,500 in the past three months.

    In late September, a 484 sq ft unit was transacted at slightly over S$1 million or S$2,126 psf.

    Resale prices for private condo units in J’den’s vicinity have also ranged from S$918,000 to S$1.8 million in the past three months. The most recent sale just two weeks ago was for a 1,163 sq ft unit at 99-year leasehold condo The Mayfair, which transacted at S$1.3 million or S$1,101 psf.

    Tan Yew Chin, chief executive officer of CLD (Singapore), noted that J’den is also within Jurong Lake District, which is quickly transforming into a “vibrant business and leisure hub amid a unique lake setting under the government’s master plan”.

    Said Tan: “With its excellent locational and product attributes, we are confident that J’den will attract astute buyers who wish to enjoy the privileges of living in the heart of one of Singapore’s most coveted districts, where facilities for retail, entertainment, healthcare, education, wellness and fitness are all within easy reach.”

    J’den will book sales from Nov 11, and is expected to receive its notice of vacant possession in November 2028.

  3. #3
    Join Date
    Aug 2020

    Default Re: J'den by Capitaland

    J'den sales gallery draws over 7,000 visitors on preview weekend

    October 29, 2023

    CapitaLand Development's J'den drew more than 7,000 visitors on its first weekend of public preview by 5 pm on Sunday, Oct 29, says the developer in a statement. Sales bookings for J'den will commence on Saturday, Nov 11.

    "The enthusiastic turnout is a testament to the pent-up interest in private residential launches in Jurong Gateway, the vibrant heart of Jurong Lake District, as well as the exceptional locational and product attributes of J'den," says Tan Yew Chin, CEO of CapitaLand Development (Singapore).

    According to Justin Kwek, deputy CEO of OrangeTee & Tie, the overwhelming response over the weekend is also "a testament to consumers' confidence in the developer's reputation and the strong interest in integrated developments".

    "It's one of the largest preview crowds over the first weekend this year," comments Ken Low, managing partner of SRI.

    At 40 storeys and 150m in height, J'den will be the tallest residential tower and the first mixed-use development in the heart of Jurong Lake District (JLD), Singapore's second CBD. The 368 units at J'den are a mix of one-bedroom to four-bedroom premium, with sizes from 527 to 1,485 sq ft.

    "JLD is set to transform into the largest mixed-use business and world-class sustainability district outside the Central Area," says Mark Yip, CEO of Huttons Asia. "The growth potential is immense as the plans for JLD take shape."

    JLD is the second district outside Marina Bay to be served by four MRT lines, Yip notes. He adds that the Jurong Region Line will be completed by 2029, while the Cross Island Line will be completed by 2032, connecting JLD to the CBD, Jurong Innovation District, one-north and education hubs within a 30-minute train ride.

    Not surprisingly, among the many prospective buyers are young urbanites in their late twenties and early thirties, interested in the two-, three- and even four-bedroom units, remarks Marcus Chu, CEO of ERA Singapore.

    "With prices starting from $2,100 psf, we believe many prospective buyers see the project as offering a strong value proposition, given the compelling location of J'den in the heart of JLD, its proximity to the MRT station, and plenty of amenities in the area," says Ismail Gafoor, CEO of PropNex.

    In addition, Gafoor sees "pent-up demand for new private homes in the area" since the last new launch was some 10 years ago when the 738-unit J Gateway hit the market. "We think J'den will see a very positive response from buyers and could likely be one of the top-selling projects this year in terms of take-up rate," he adds.

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  4. #4
    Join Date
    Aug 2020

    Default Re: J'den (D22, 99 years leasehold, CapitaLand Development)

    CapitaLand’s J’den sells 88% of 368 units on launch day at average of S$2,451 psf

    Nov 12, 2023

    MIXED-USE development J’den sold 88 per cent of its 368 residential units on launch day at an average price of S$2,451 per square foot (psf), said CapitaLand Development (CLD) on Sunday (Nov 12).

    All unit types in the development were well-received on launch day, with the one- and two-bedroom units being the most popular, said CLD. All 148 units of the one-bedroom, one-bedroom with study and two-bedroom types were sold. There was also “strong” take-up for the development’s larger three- and four-bedroom units by owner-occupiers, the group added.

    Unit sizes range from 527 square feet (sq ft) for a one-bedroom unit to 1,485 sq ft for a four-bedroom unit.

    J’den is a 99-year leasehold project comprising a 38-storey residential tower above a two-storey commercial podium. It is being redeveloped from the former JCube shopping mall in Jurong East; the site was acquired by CLD for S$340 million in January 2022.

    CLD said that more than 99 per cent of the homebuyers are Singapore citizens and permanent residents, with close to 60 per cent aged 40 or below. About 62 per cent of the homebuyers currently reside in the western region of Singapore, it pointed out.

    Ismail Gafoor, CEO of PropNex, noted that J’den’s sales performance on launch day has made it the best-selling project this year. “This is one of the most highly anticipated projects this year, as it is situated in a key landmark precinct in Singapore, the Jurong Lake District (JLD), which has been envisioned as the largest mixed-use business district outside the city centre,” he explained.

    Gafoor said that although J’den has set a new benchmark launch price for that locale, many buyers “are comfortable and confident” to enter the market to purchase units. “That is because they deem it as compelling given the project’s location attributes today, and also considering the potential upside in the future when the JLD is fully realised.”

    Huttons Asia CEO Mark Yip attributed J’den’s brisk sales to “pent-up demand and the desire from buyers to stay in the heart of JLD”. The development has attracted a “good mix” of investors and owner occupiers, he observed, with buyers drawn to J’den’s convenience as it is directly connected to Jurong East MRT interchange station.

    Investors would also be attracted to J’den, said PropNex’s Gafoor, as they anticipate the JLD to boost residential leasing demand when more businesses are set up in the precinct in the future.

    Nicholas Mak, chief research officer of property portal, noted that new residential projects within comfortable walking distance to Jurong East MRT interchange station are “few and far between”. The last residential project launched in the Jurong East town centre was J Gateway in June 2013, he added.

    As there is “very limited” vacant land for future private residential developments around the Jurong East town centre, this could have contributed to J’den’s stronger sales performance, Mak said.

    Analysts also compared J’den’s performance with the residential launch of Hillock Green at Lentor Central, which sold 27 per cent of its 474 units over the same launch weekend.

    Gafoor said that pent-up demand for Hillock Green was “less intense” than that for J’den, given the ample stock of new homes in the Lentor area in the wake of recent launches.

    He added: “However, we think a take-up rate of more than 27 per cent (for Hillock Green) is a positive start, and we believe some buyers may need more time to compare between new launches in the mass market before making a purchase.”

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