JUI RESIDENCES @ BOON KENG
Jui Residences offers buyers the chance to own a freehold condominium on the city fringe in the Boon Keng area, along Kallang River and within walking distance of Potong Pasir MRT station.
Most new freehold projects tend to be in pricey places like Bukit Timah or the East Coast, so this is a good way of getting your hands on a freehold home in a convenient central location without the super-high price tag.
Freehold property has always had a loyal following, not just due to its perpetual tenure, but also because of its higher value long-term. On the secondary market, age will not affect the ability of buyers to get loans. In the enbloc market there is no need to pay for lease top ups in future.
A Quality Lifestyle Property
On top of that, this will be a quality lifestyle property. Jui condo is being developed by Selangor Dredging Berhad (SDB), who purchased the site in Serangoon Road from the National Aerated Water Company in December 2016.
The National Aerated Water Company operated a bottled soft drinks factory there till the 1990s, distributing popular soda pops such as Sinalco, Royal Crown Cola, and Kickapoo Joy Juice.
The word ‘Jui’ in Jui Residences can be seen as a nod to its antecedents. In the local dialect of the place, soft drinks were called “Bok Jui”, the ‘jui’ meaning water.
SDB, while not very widely known in Singapore, is an award-winning developer known for niche, one-of-a-kind properties, with innovative designs and concepts. It is in their manifesto that every product they create must be carefully crafted to deliver an extraordinary living experience.
This is seen in SDB’s projects here in Singapore and across the Causeway. Including ones like the FIABCI Prix d’Excellence award-winning Hijaun on Cavenagh, 20Trees and Dedaun in KL, and By The Sea in Penang, to name a few.
Contributing to the heritage of Kallang River
Completed in 1954, the Art Deco style building on the site of Jui Residences that was the former bottling factory, is a well-known landmark along Serangoon Road. It is one of the few structures left that reflect the area’s rich industrial past, and contributes to the heritage of Kallang River.
As such, the Urban Redevelopment Authority (URA) decided in December 2017 to gazette it for conservation
Recognising its heritage value and role as a landmark in the area, and the memories it holds for the community, SDB supports the conservation and is working with URA to retain the building as part of Singapore’s national history.
The Managing Director of SDB, Ms Teh Lip Kim, said, “As the building owner and a responsible community stakeholder, Selangor Dredging Berhad is pleased to support the conservation effort on the former National Aerated Water Factory. We are glad to partner URA on this conservation journey to retain the building & integrate it as part of the new development. The building will be transformed into a unique and lively commercial area located next to a park connector, adjacent to the Kallang River. We are keen to contribute to sustainable projects where we can, and will put in our best effort to make these projects distinctive.”
The Chief Executive Officer of URA, Mr Lim Eng Hwee, has in turn said, “This building is not only historically significant as a familiar landmark along the Kallang River. It also holds fond memories for Singaporeans for the popular soft drinks it produced from 1950s to 1990s. We are heartened that Selangor Dredging Berhad sees the significance of the building and supports its conservation. Conservation of this heritage-rich building would not have been possible without the support from the owner.”
The two-storey L-shaped Art Deco style building facing Serangoon Road will be conserved. This includes the signage tower, the Art Deco timber transom panels, the balcony with fair-faced brick parapets, and the concrete sunshading ledge that spirals out of a circular window.
The conserved building will be integrated into the new Jui condo development and brought to life through adaptive re-use. URA will work closely with SDB to guide the reconstruction.
JUI RESIDENCES · FACTSHEET
|Developer||Selangor Dredging Berhad|
|Status||Condominium (Foreigners eligible to buy)|
|Address||1177 Serangoon Rd, Singapore 328231|
|Site Area||2,945.5 m² (31,705 sq ft)|
|Floor Area||8,247.4 m² (88,775 sq ft)|
|No. of Units||Approximately 117|
|Description||Private condominium development with full communal facilities, pools and car parking beside Kallang River|
JUI CONDO FLOOR PLANS
The Jui Residences floor plans are not finalised yet. Kindly drop us a note via the Contact Form if you would like us to email you the Jui condo floor plans once available.
JUI CONDO SITE PLAN
The Jui Residences site sits at a corner of Serangoon Road with Kallang River. The gazetting of the National Aerated Water Company building on the site is one of the best things to happen to it. As this building fronts Serangoon Road, it will shield the residents from the heavy traffic along that road.
Behind that, on the south-west of the Jui condo site is Kallang River. Along with the gentrification of this area, Kallang River will be spruced up. The land around Jui Residences is zoned mainly residential, a mix of low and high rise, with a couple of sites having shops at ground level.
JUI RESIDENCES SHOWFLAT · VIEWING
The Jui condo showflat is not open for viewing yet. Please let us know via the Contact Form if you wish us to keep you posted when the Jui Residences showflat opens.
JUI CONDO PRICES · UNIT TYPES
UNIT TYPES . SIZES
|Unit Description||Type||No. of Units||Strata Area
|Total Number of Units||Approx. 117|
Floor areas stated includes any Voids, Patios, Balconies, Terraces, A/C Ledges.
JUI CONDO PRICE RANGES
Status as at 8 May 2018 – prices not finalised yet. Kindly drop us a note via the Form below if you wish us to keep you posted on the indicative Jui condo pricing.
As is typical, exact Jui Residences prices will only be announced on the Preview sales day. But indicative pricing will be released earlier.
The Jui condo site was acquired by Selangor Dredging Berhad (SDB) from the National Aerated Water Company via Tiara Land, a unit of Champsworth Development that is a 50% owned associate company of its subsidiary SDB International.
SDB paid $47 million for the freehold site. The tender attracted healthy interest from foreign and local developers due to its freehold status, direct frontage onto Kallang River, and city fringe location within walking distance to Potong Pasir MRT station.
On top of the $47 million land cost, SDB paid another $22.66 million development charge to URA, to change the land zoning from industrial to residential.
The total outlay translates to a land rate of S$785 per square foot per plot ratio (PSF PPR). Given development and construction costs of about $600 PSF PPR, break even costs work out to around $1,400 PSF PPR.
JUI CONDO SINGAPORE · DEVELOPER
History of SDB
SDB began in 1962 as Selangor Dredging Limited. In 1964, the company changed its name to Selangor Dredging Berhad upon listing on the main board of the Kuala Lumpur Stock Exchange.
In its first two decades, the company’s sole business was tin mining. However starting from early 1980s, SDB began to diversify operations. The company completed its first development, Wisma Selangor Dredging in 1985, and has never looked back since.
Today, SDB is a company that is fully focused on real estate activities – hotels, management & leasing, and its core business activity of property development.
It has earned a reputation as an award winning developer with quality niche products. It also believes in investing in environmental sustainability, and keeps this in mind in the design of all its projects. SDB’s list of awards can be seen at this page (opens in new window).
The organisation has been involved in many iconic projects in Malaysia and Singapore. Some of its work in Singapore include Jia at Wilkie Road, Village @ Pasir Panjang, Gilstead Two, Hijauan on Cavenagh, and Okio. Other work can be seen at their products page.
JUI RESIDENCES LOCATION · FEATURES
Location. The Jui condo location is on the city-fringe, up the road from Potong Pasir and the upcoming Bidadari Estate. Residential developments around this area are popular because of their proximity to the city centre and amenities. Previous launches around this area – such as Poiz Residences, The Venue Residences, Sturdee Residences – have all sold out.
Shops, Banks, F&B, Supermarkets. Quite a number of shops and F&B outlets around the Jui Residences location. We have the shophouses around Moonstone Lane, The Venue Shoppes 400m away, the food haunt of Tai Thong Crescent behind Venue, and Poiz Centre at Potong Pasir MRT station, 650m down the road.
The Venue Shoppes is a small shopping centre that offers 28 retail units, while Poiz Centre houses 77 shops and 7 restaurants. Behind Poiz Centre, we have Potong Pasir Community Club, an NTUC Fairprice supermarket, a KFC fast food outlet, a POSB Bank, and a liberal smattering of shops and coffee shops.
Not forgetting that this place is a short drive from Geylang, with its vibrant night scene & wide choice of hawker stalls that open far into the night.
Lifestyle Amenities. Being on the doorstep of Bidadari Estate means that Jui Residences residents get to enjoy its amenities too. Like Woodleigh Mall, and especially the greenery of Bidadari Park and Alkaff Lake, and the Bidadari Heritage Walk and Greenway.
Schools. The Jui Residences location is within 1km of the St Andrews Junior school and its attendant secondary school and Junior College. It is also within 2 km of Cedar Primary and Secondary, Pei Chun Public School, and the Stanford American International School.
Nearest MRT Station. The closest to the Jui condo location is Potong Pasir MRT station on the North-East Line, a 650m or roughly 9 minute walk away.
Accessibility. This place is pretty central. It is roughly a 10 minutes drive to Orchard Road and the Central Business District. The exits to the Pan Island Expressway (PIE) and Central Expressway (CTE) are less than 3 minutes drive away, which makes it rather convenient for getting to just about anywhere else.
- 1 to 3 Mins Walk to MRT
- 10 to 12 Mins Walk to MRT
- 13 to 15 Mins Walk to MRT
- 16 to 18 Mins Walk to MRT
- 19 to 21 Mins Walk to MRT
- 22 to 24 Mins Walk to MRT
- 25 to 27 Mins Walk to MRT
- 28 to 30 Mins Walk to MRT
- 4 to 6 Mins Walk to MRT
- 7 to 9 Mins Walk to MRT
- Deferred Payment Scheme
- Luxury High-End Project
- Near Park / Nature Reserve
- Near Reservoir
- Near Shopping Mall
- Near Sports Complex
- Payment Scheme
- Prime District
- Progressive Payment Scheme
- Proximity to Primary School
- Sea / Water Views
- Special Discounts
- Special Features
- Star Buys
- Walk to MRT
- Within 1KM of Ai Tong Primary School
- Within 1KM of Catholic High
- Within 1KM of Cedar Girls Primary School
- Within 1KM of Holy Innocents Primary School
- Within 1KM of Maris Stella
- Within 1KM of Nan Chiau Primary School
- Within 1KM of Nan Hua Primary School
- Within 1KM of Ngee Ann Primary School
- Within 1KM of Raffles Girls Primary School
- Within 1KM of River Valley Primary School
- Within 1KM of Rosyth Primary School
- Within 1KM of St Andrews Primary School
- Within 1KM of Tao Nan Primary School
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