Jui Residences Malay Developer Selangor Dredging
Jui Residences is a freehold development located at Serangoon Road by Malaysia developer Selangor Dredging Berhad (SDB). The bid for the land was submitted by Tiara Land which is a unit of Champsworth Development. There were a number of bids received for the development and Selangor Dredging managed to secure the land at $47 million. An estimated $22.6 million in additional payments to the government is to be made to change the zoning of the land to residential from industrial. Based on estimated figures, the plot of land could yield an estimated 117 freehold units near the Kallang River. Champsworth Development is a 50% owned associate company of its subsidiary SDB International.
Jui Residences is the former National Aerated Water Company that is known for its manufacturing as well as the distributorship of soda drinks such as Sinalco, Kickapoo. However, operations ceased in the 1990s and the building has then been left idle. Based on the price submitted for the plot of land, this would mean that the developer Selangor Dredging pay for $785 psf ppr for the plot of land. Jui Residences offer unblock views of the Kallang River that stretches from Toa Payoh all the way to the Kallang Basin. It has one of the most majestic river views that is directly in front of the development.
National Aerated Water Company Building to be Preserved
The National Aerated Water Company is a two-storey art-deco-styled industrial building that is home to the former soda pops such as Sinalco and Kickapoo Juice. It is a bottled soft drinks factory that was bought over by Selangor Dredging Berhad. As the plot of land is an industrial building, an additional payment of $22.66 million is payable to the government to change the zoning status from commercial to residential. An estimated 117 units of 754 sqft per unit can be construction on Jui Residences.
National Aerated Water Company Building to Be Gazetted
The main building of the National Aerated Water Company will also be preserved and conserved as a heritage building under the directive of the Urban Redevelopment Authority (URA). Talks are underway with the developer Selangor Dredging Berhad on how to preserve the building to be part of the new condo development Jui Residences that will form part of the development. The former bottling company had used the building to make bottled drinks such as Sinalco and Kickapoo Joy Juice when bottled drinks were still popular in the 1900s. However, this has soon be taken off as can drinks have taken over the industry and the building has cease operations. This is part of URA Plans to keep the building as part of Singapore’s history and Jui Residences will not have a fence around the building so that the public can still get up close to remember this part of Singapore’s history.
Jui Residences Potong Pasir MRT Station
Jui Residences has full and unique facilities, which includes a guard house, clubhouse, function room, indoor gym, tennis court, 50m swimming pool, BBQ pits & children’s playground. The development is located near to Potong Pasir MRT Station and offers an unblock view of the Kallang River. It is also located near to many eateries as well as commercial shops along Ruby Lane and Moonstone Lane thereby offering conveniences to the residents of Jui Residences.
Recently, developments around the Potong Pasir area as well as the Sengkang area has been gaining attention lately as it is near to the the city fringe as well as the Bidadari area. There are plans to include more facilities at the Punggol and Serangoon area due to increase in population around the area. In particular, developments such as The Terrace EC located in Punggol has been fully sold and this shows that there are demand for developments around the Punggol area. The Terrace is located in the Punggol area close to 1177 Serangoon Road.
Buying a property investment in Singapore can be considered a big deal among investors and therefore investments have to be carefully considered. In particular, big property deals should be consulted with property bank loans to ensure that finances are readily available for the purchase. Local bankers can be consulted to ensure prudent financial calculations are done before commitment to the purchase. No ticket charges are necessary for entering the showflat. The showflat will open for preview with no ticket charge and there will be property consultant agents situated at the showflat awaiting your arrival. Please register your interest for the development here.
Tender for Former National Aerated Water Company
Jui Residences is located right in the heart of Potong Pasir. Several amenities are available around the development. Property consultants note that the upcoming Poiz Centre at Potong Pasir MRT Station provide all the daily necessities as well as entertainment avenue for your family and love ones. Jui Residences is also near to The Venue Shoppes which is part of an integrated development with The Venue Residences that also provide another shopping avenue for your family. Entertainment for your family and friends are therefore at your fingertips together with the amenities offered near Jui Residences.
Jui Residences also offers residents a chance to live in the lively district 12 where they are plenty of late night supper places as well as supper places along Moonstone Lane as well as Potong Pasir. Places interesting to note include the salt baked kampung chicken in Punggol. The famous salted chicken thigh is located at Waterway Point Shopping Centre and represents one of the best local kampung dishes that you can find near to the development.
Academic Institutions Near to Jui Residences
Developments by Selangor Dredging Berhad (SDB)
Jui Residences Selangor Dredging Berhad (SDB)
Jui Residences is also easily accessible to other parts of Singapore. For owners who drive, Jui Residences is city-fringe development that is just 10 minutes drive away from the Orchard Shopping area as well as the Central Business District area. These areas can be easily accessed by Central Expressway (CTE) as well as Pan Island Expressway (PIE) which is just located right next to it. Both expressways are located right next to Jui Residences. For owners who prefer to get around via public transport, Jui Residences is located near to Potong Pasir MRT Station on the North-East Line (NEL). Traveling to Punggol, Serangoon as well as Dhoby Ghaut is therefore very convenient. The development is also accessible by the buses along Serangoon Road as well as Bendemeer Road.
Jui Residences is also near elite schools such as St Andrew’s Junior College, Cedar Girl’s Secondary School as well as Stanford American International School. Traveling to these schools are therefore hassle free as it is located just a few minutes away from the development.
It is noted city fringe and core city developments are starting to pick up with the complete sellout of many projects located in the city area. For example, Duo Residences located at Bugis is fully sold. Duo Residences owners who have received their keys have also rented out their unit indicating that there is demand for core city centre condos. Also developments in the city fringe such as Bartley Ridge is also fully sold. Bartley Ridge is located next to Bartley MRT Station.
Jui Residences 1177 Serangoon Road Tiara Land
A wonderful and unique lifestyle awaits you right in the heart of Potong Pasir. Please see Jui Residences site plan and floor plans for more information. A rare freehold development located at the city-fringe provides investors an opportunity to secure an ideal unit.