J’den Residences. Former Jcube

[ThinkCarefully]

So Jgateway launched 11years ago, with hsr plans, cbd2 masterplan & white sites all priced in.. avg psf was 1.4-1.7 k psf

fast forward today, J’den becomes 2.2 - 2.7k psf.

Future 10 years later really can reach 3 - 3.5K psf?… I’m hesitant and think it’s crazy for JE.

luckily I m still around to watch the real answer by then.

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again, JG and JD are not Apple for Apple…

one is a smaller development with NO full condo facilities…

that makes the sales results all the more amazing and worth applauding


my estimate is that prices have doubled in 11 years or about 7% annualised

(cross reference: Whistler has appreciated about 35 to 40% in 3-4 years)

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[DevilPlate]

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again, JG and JD are not Apple for Apple…

one is a smaller development with NO full condo facilities…

that makes the sales results all the more amazing and worth applauding


my estimate is that prices have doubled in 11 years or about 7% annualised

(cross reference: Whistler has appreciated about 35 to 40% in 3-4 years)

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Only when u bot in 2000s then able to 2x in 11years lah. (I think 70s even more explosive growth)

But also depends on what u bot….cui Reflections js barely breakeven for most units since launch whahaha

 

[DevilPlate]

J gateway average 1500psf in 2013 and now 1950psf exactly 10 years later…..30% in 10years very average lor

 

[roflolmao]

Thats provided yr nett yield + annual cap gains > than rate of borrowing cost

*i always use 8 months of rental to calculate nett yield (conservative)

I agree with this.

Right now net yield seems to be lower than borrowing costs on an all in basis. So that means anticipated annual capital gains higher even though economical growth is muted and nearly every country is anticipating lower growth and other developed markets real estate all slowing down?

 

[page||]

Only when u bot in 2000s then able to 2x in 11years lah. (I think 70s even more explosive growth)

But also depends on what u bot….cui Reflections js barely breakeven for most units since launch whahaha

If one bought in 90’s and didn’t make 1m when exiting today.. fair enough can laugh at them. But nowadays it’s fair to say almost impossible for new launch buyers.

 

[Kwein]

小弟, me think > $3000psf.

maddness



Read HWZ Forum Rules!

 

[elvintay07]

maddness



Read HWZ Forum Rules!

10 years later aka 2033 then we see. If in 2013 I tell u EC reach $1500 psf, I think u probably point middle finger at me

 

[gonewiththesmart]

is Jden land cost is 850 psf on saleable area ?
refresh if cant see.

13.11.23 ST


https://www.capitaland.com/en/about...tional/2023/february/cld-redevelop-JCube.html

UNIT NAME	DESCRIPTION	NO. OF UNITS	PER STRATA AREA (SQM)	PER STRATA AREA (SQFT)
A & A(g)	1 BM	37	49=1813	527=
As	1 BM + STUDY	37	58=2146	624=
B1 & B1 (g)	2 BEM	37	66=2442	710
B2 & B2 (g)	2 BEDROOM	37	67=2479	721
Bs1 & Bs2	2 BEDROOM + STUDY	74	76-79=5460+	818-850
C1 & C2	3 BEM	73	106-110=7884	1,141-1,184
C[p)	3 BEDROOM + STUDY (PREMIUM)	36	117=4212	1,259
D(p)	4 BEDROOM (PREMIUM)	37	138=5106	1,485
TOTAL		368	total 31,584	400,000 sf @850

if we assume CL no need pay land betterment and deduct some for commercial portion, the cost is cheaper .

 

[elvintay07]

And lastly also don’t believe the **** expert say. Even Warren buffet, Charlie Munger sometimes wrong. SG and other experts can just ignore.

https://www.straitstimes.com/business/ec-prices-may-fall-but-not-by-a-lot-say-experts

 

[gonewiththesmart]

is Jden land cost is 850 psf on saleable area ?
refresh if cant see.

13.11.23 ST


https://www.capitaland.com/en/about...tional/2023/february/cld-redevelop-JCube.html

UNIT NAME	DESCRIPTION	NO. OF UNITS	PER STRATA AREA (SQM)	PER STRATA AREA (SQFT)
A & A(g)	1 BM	37	49=1813	527=
As	1 BM + STUDY	37	58=2146	624=
B1 & B1 (g)	2 BEM	37	66=2442	710
B2 & B2 (g)	2 BEDROOM	37	67=2479	721
Bs1 & Bs2	2 BEDROOM + STUDY	74	76-79=5460+	818-850
C1 & C2	3 BEM	73	106-110=7884	1,141-1,184
C[p)	3 BEDROOM + STUDY (PREMIUM)	36	117=4212	1,259
D(p)	4 BEDROOM (PREMIUM)	37	138=5106	1,485
TOTAL		368	total 31,584	400,000 sf @850

if we assume CL no need pay land betterment and deduct some for commercial portion, the cost is cheaper .

CL say JLD, 20k home more by 2040--50.

 

[ThinkCarefully]

I agree with this.

Right now net yield seems to be lower than borrowing costs on an all in basis. So that means anticipated annual capital gains higher even though economical growth is muted and nearly every country is anticipating lower growth and other developed markets real estate all slowing down?

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i also do not think buying new launch for rental makes sense today,…


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[youskevitch]

with Jden at 2400+ psf, huat for all property owners!!

 

[Forever84]

Capital gains means they think jurong will hit 2.8k/2.9k psf in 5 years? That means rcr hit 3k++?

Rental cannot fully cover the principal and interest anymore (much less the maintence costs and ancillary costs) whereas fixed income investments can give 4% fixed yearly.

Whatever lah, end of the day sinkies too rich.

I kid you not. Last time I look at East Coast property, people say 1.2k psf, so expensive, who will buy next time? How to exit at 1.6k psf

whatever lah, end of the day you make your own investment decision but make sure you consider how asset inflate against cash

 

[elvintay07]

If one bought in 90’s and didn’t make 1m when exiting today.. fair enough can laugh at them. But nowadays it’s fair to say almost impossible for new launch buyers.

1990s and today very different la. During that time how many has degree? 2023, degree is common. 2043 probably everyone has a master degree. The way we earn money also different. 1990s only the boss is rich. They earn that 3-5% middle man work and take everything. Paying his stuff peanuts. Today the job is different. Like Apple, how many rich staff through employee stock options etc….

Human is like that one la. Every clown can understand history but none can apply forward looking. Don’t believe? If one day got Time Machine, send all of us back to 1980s, all still scare this and scare that. Haha

 

[roflolmao]

I kid you not. Last time I look at East Coast property, people say 1.2k psf, so expensive, who will buy next time? How to exit at 1.6k psf

whatever lah, end of the day you make your own investment decision but make sure you consider how asset inflate against cash

But back then you can compare to HK. Now, compare to HK and NYC and Tokyo all their residential real estate slowing down. London/Australia also slowing down, only sg is on a rocket ship. We still have a bit of room to go before reaching those levels, but have to discount a bit because got Hdb and a lot of public housing. But when does it become unreasonable? 3k psf for ocr is around HK level already and you see how even they can't sustain it for.

 

[jeffong]

Jden's performance brings new meaning to the phrase "song song gao Jurong" . Too bad I don't have a 45 yr old lao-peh to gift me a 2B+S unit. LOL!!!

 

[ktyandkyc]

Jden's performance brings new meaning to the phrase "song song gao Jurong" . Too bad I don't have a 45 yr old lao-peh to gift me a 2B+S unit. LOL!!!

Lol feels like Jden makes your recent purchase even sweeter to savour

 

[jeffong]

Lol feels like Jden makes your recent purchase even sweeter to savour

Don't worry lah... your Continnum will also receive boost from Bayshore area

 

[ktyandkyc]

Don't worry lah... your Continnum will also receive boost from Bayshore area

Haha no la anw Bayshore too far I feel.. don't think link to D15

 

[Nanonited]

Love the bull talk… stocks market and crypto also rebounding. Govts have done well… barely a year of slowdown for markets and 0 slowdown for property in SG…