Jui Residence by Selangor Dredging Berhad
In December 2016, the Malaysian development company, Selangor Dredging Berhad (SDB), purchased the plot of land along the Kallang River in District 12. The developer set to re-develop it into a high end integrated mixed private development condominium. Most importantly, the Freehold value in the development further enhance the development to attract both home owners as well as investors.
Geographically located at 1177 Serangoon Road, the previous building is a two-storey art-deco-styled industrial building own by National Aerated Water Company. The new condominium is along the Kallang River and has a land area of 31,705 sq ft. This Freehold Condominium along Serangoon Road, will potentially yield 117 apartments averaging 754 sq ft.
Jui Residences Condo will consists of 1,2,3 bedroom.
The developer will convert it to a brand new condominium, Jui Residences along Serangoon Road. The prime location is placing the condominium between the city, commercial and recreational zone. Jui Residences is attracting much attention from interested investors and potential residents.
Jui Residences Condo
Jui Residences at Serangoon Road is in the “prime District 12” and in an established city-fringe residential location, near commercial and recreational amenities. The condominium is also near the Potong Pasir MRT station. With the strategic location of this property, the developer Selangor Dredging is positive on the demand of the units. The developer is paying a land cost of $47 million and additional $22.66 million for development charges land use change from an industrial to residential purpose. 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.
Jui Residences is a freehold condominium in Serangoon Road by SDB . The condo offers diverse lifestyle and convenience for the residents. This luxury condominium Potong Pasir MRT. Residents can also enjoy a leisure jog along the Kallang River.
Jui Residences Condo features different types of full and unique facilities, which includes an iconic clubhouse, guard house, function rooms, swimming pool, BBQ pits, children playground and wading pool. The condo’s facilities provide full leisure needs for your family. The project offers a diverse range of layout for each of your individual needs, featuring various bedroom apartments of various layout and sizes.