Why Buy Bishan, the Undisputed Property Hotspot - Qingjian ...

Why Buy Bishan, the
Undisputed Property Hotspot
Krristy Lam August 13, 2018

Since its development in the early 1980s, Bishan has steadily risen through
the property ranks to cement its position as a property hotspot on the
radar of most property buyers and investors. While most property
consumers are adopting a wait-and-see stance since the revision in the
Additional Buyer Stamp Duty (ABSD) and Loan-to-Value (LTV) ratio in
July 2018, we take a holistic look at this matured residential town and shed
more light on why we think Bishan will remain a hot favourite among
buyers and investors despite the strong property headwinds.

Data trends show continued confidence in Bishan
property

Bishan is no stranger to setting new records in the property arena. Some of
the nation’s most expensive HDB transactions have taken place at Bishan.
In 2017, a Design, Build and Sell Scheme (DBSS) flat at Qingjian Realty’s
Natura Loft in Bishan was sold for a cool $1.18 million. HDB maisonettes
in Bishan have always been highly sought after with more than a handful
fetching prices of over a million dollars.

Property in Bishan have consistently set new records

On the private property front, developments in Bishan display the same
robust capital appreciation as their HDB counterparts. In terms of district
segments in Singapore, Bishan comes under District 20 (D20). When we
examine the cumulative per square foot (PSF) price of 99-year leasehold
condos over an eight-year period from 2010 to 2018, the prices of such
property in D20 have risen by 39.8%. If we compare this data set to similar
transactions in the whole of Singapore, the capital appreciation for D20
property is 1.6x above that of the national average. In other words, since
2010, new 99-year leasehold property in D20 have appreciated 60% more
than their nation-wide equivalent.

Source: https://go.99.co/Researcher-D20-vs-Singapore (URA, Realis,
99.co Researcher)

A closer look at property trends within D20

D20 is made up of the neighbourhoods of Ang Mo Kio, Bishan and
Thomson. Ang Mo Kio was established in the 1970s and is today the eighth
most populous neighbourhood in Singapore. Ang Mo Kio bears the
distinction of being a pioneering neighbourhood where a few pilot
endeavours were launched – these include being the first town to be built
in metric dimensions and where the concept of town councils was
incepted.

Bishan is a hotbed of activity on both the residential and commercial
fronts. The neighbourhood is also home to Raffles Institution, one of the
most (if not the most) renowned education institutes in Singapore.

Last but not least, we have the neighbourhood of Thomson in D20. The
Thomson residential landscape comprises mainly of private housing and is

known for its proximity to the central catchment area with its lush
surroundings.

Let’s train the spotlight on how 99-year leasehold condos in Bishan have
performed over an eight-year period in comparison to D20 as a whole.
From 2010 to 2012, the psf pricing in Bishan lagged slightly behind when
compared to all 99-year leasehold condos in D20. Between 2012 and 2013,
prices in all D20 neighbourhoods more or less converged around the
$1,400 psf mark. The data takes an interesting turn after that as the prices
in Bishan started surging ahead. In fact, between 2010 to 2018, the capital
appreciation for 99-year leasehold condos stands at 66% while similar
property type across D20 rose by only 40.37%.

Source: https://go.99.co/Researcher-Bishan-vs-D20 (URA, Realis, 99.co
Researcher)

In essence, what this means is that when we compare the capital
appreciation of 99-year leasehold condos in Bishan with the same property
type in both D20 and Singapore, property located in Bishan have

consistently performed at least 60% better!

JadeScape – well-placed new launch in property
hotspot Bishan

There has been a dearth of new condo launches in Bishan – the previous
new launch in Bishan was a good five years ago and the demand for condos
in the popular city-fringe location has been building up since then.

As the popular adage goes, the best things in life are always worth waiting
for. The highly anticipated project JadeScape by renowned developer
Qingjian Realty will soon come onto the market.

JadeScapeʼs city-fringe location offers unparalleled convenience in the neighbourhood of Bishan

Strategically located at Shunfu Road, JadeScape’s central location in the
heart of Singapore means future residents are a mere 15 minutes away
from the Central Business District (CBD) and Orchard shopping belt.
Proximity to the PIE, CTE and future North-South Corridor also makes
traveling to other parts of Singapore by car a cinch.

Residents who prefer a car-lite lifestyle can look forward to being a three-
minute walk away from Marymount MRT station along the Circle line. The

North South MRT line is a few bus stops away at Bishan MRT. In 2020,
with the opening of the Upper Thomson MRT station, JadeScape residents
will have easy access to the Thomson-East Coast line. The upcoming Cross
Island Line will bring even more convenience to residents, shaving
precious time off their commute to destinations in both the east and west
side of Singapore. Easy access to four MRT lines speaks volumes of
JadeScape’s unbeatable location – not many condos have the benefit of
such extensive connectivity at their doorstep.

Fancy coming home to stunning reservoir views everyday?

A centrally-located green sanctuary for the whole
family

In addition to its convenient location, JadeScape is five-minute drive away
from MacRitchie Reservoir. Most units in the development are designed to
make the best use of the panoramic reservoir views.

JadeScape pays homage to its proximity to nature both in its name, and the
use of lush landscaping on its grounds. With over 100 facilities on-site to

meet the varied needs of its residents, JadeScape goes above and beyond in
bringing to life a 360-degree all-inclusive development.

Melding lifestyle and accessibility in one location, JadeScape is the ideal
city-fringe home for the busy Singaporean. Amid the idyllic setting, all
homes in the sprawling estate are Smart Homes equipped with the latest
tech-based home solutions. Owners are afforded the convenience of remote
control over their home settings and greater peace-of-mind with regards to
security and privacy.

At JadeScape, layouts have been optimised to make the best use of space to
create roomy homes residents look forward to coming home to every day.
Bucking the trend where apartments in the city are getting smaller,
Qingjian takes pride in ensuring homes in their projects maximise floor
area for the comfort and benefit of its residents.

Education is important to most Singaporean families. JadeScape is located close to good schools
and education institutions.

Education is an important pillar in most Singaporean families. It is
common for families with young children to take into consideration

proximity to schools as one of their top criteria for selecting a home.
JadeScape is located less than 1km away from Catholic High School. Ai
Tong School, Marymount Convent School and Kuo Chuan Presbyterian
Primary School are located within the 1km to 2km home-school distance.
There are also more than 10 secondary and tertiary institutions located
near JadeScape.

Every property buyer would want to get the best value – JadeScape offers
the chance of remarkable upside in the prime location of Bishan, which has
always recorded healthy capital appreciation.

Gear up for the highly anticipated preview of JadeScape. Visit the
JadeScape sales gallery conveniently located beside Bishan Junction 8
which will soon open.

Learn more about JadeScape at https://go.99.co/JadeScape or call +65
6846 1777.

Presented by Qingjian Realty (South Pacific) Group Pte Ltd