SDB’s Jui Residences in Singapore sees ‘strong interest’

This article first appeared in City & Country, The Edge Malaysia Weekly, on October 8, 2018 - October 14, 2018.

Jui Residences will have one 18-storey tower with a total of 117 units

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Selangor Dredging Bhd (SDB) launched Jui Residences on Sept 22 and has achieved a take-up rate of 42% so far. About 29 cheques were successfully converted to “option to purchase”, out of a total of 70 cheques collected since the weekend of the launch, according to the developer.

“The strong interest stems from Jui Residences being a freehold development with leasehold prices, making it a development that is value for money. It is the only freehold development in Serangoon, Singapore. This, along with its strategic location, makes Jui Residences a smart investment,” SDB says in a Sept 25 press release.

Located next to the Kallang River, Jui Residences will have one 18-storey tower with a total of 117 units that are priced at around S$1,700 psf. The units will have columnless layouts and built-ups of 431 to 1,001 sq ft each. The development is scheduled to be completed by mid-2022.

Inspired by Singapore’s heritage and art deco design, the units will have herringbone timber flooring. Meanwhile, the tower will have vertical flutes on the façade, arched details on the balconies and wide inset curves at the podium. There will also be an infinity pool that overlooks the Kallang River. According to SDB, the building is designed by CarverHaggard of London, with landscape and artworks by Okashimo Pte Ltd.

Jui Residences is located in the middle of the growth districts of Bidadari Estate and Kampong Bugis. Plans to rejuvenate the iconic Kallang River is underway. By 2030, another 100,000 houses will be built in the area.

Located minutes away from the Pan Island Expressway (PIE), Central Expressway (CTE) and Serangoon Road, Jui Residences is linked to the Kallang Basin area, Orchard Road, the central business district in Raffles Place, Marina Bay Sands and the Geylang area. It is also a 600m walk to the Potong Pasir MRT station and has access to buses at Serangoon Road.

Founded in 1962 and listed on the Kuala Lumpur Stock Exchange in 1963, SDB started off as a tin mining company. After diversifying into other areas of business, it is now focused on property development in Malaysia and Singapore. To date, SDB has successfully completed five projects in Singapore, including Hijauan on Cavenagh and Village at Pasir Panjang.