En bloc sites, then and now

By EdgeProp Singapore / EdgeProp | December 27, 2018 5:14 PM SGT
As the year draws to a close, we are looking back at some of the most prolific en bloc sales that took place in recent years, and the sites on which the new projects are currently being developed.
Notable collective sales sites, then and now
Source: EdgeProp.sg
*Based on en bloc transactions
**Based on average transacted psf in 2018
1) JadeScape (former Shunfu Ville)
Then: Shunfu Ville
Shunfu Ville was a 358-unit residential development on Shunfu Road that comprised three 16-storey apartment blocks and three six-storey maisonettes. Developed in the late 1980s as a Housing & Urban Development Company (HUDC) project, Shunfu Ville was privatised in 2013 and was sold in a collective sale for $638 million in May 2016.
Now: JadeScape
Qingjian Realty unveiled JadeScape in September 2018 at an average $1,700 psf. The 1,206-unit residential project, which will be built on the site of the former Shunfu Ville private HUDC estate, is the largest residential project in Qingjian’s Singapore portfolio so far.
The project fronts Marymount Road on one side and Shunfu Road on the other, and is within a 3-minute walk to Marymount MRT station. According to Qingjian, JadeScape is Singapore’s first fully-smart private development, at which intelligent estate monitoring will be embedded throughout its units.
2) The Tre Ver (former Raintree Gardens)
Then: Raintree Gardens