The Jovell

[New Eden]

RESALE The Inflora, 2 bedder , 743sqft.

Feb 2020 > $733k
March 2020 > $720k
June 2020 > $651k

Back in 2013 Inflora 2 bedder launch price starts from $659 800.

Last night researched a little. It seems like the 651k 2br unit sold was a bank sale.

 

[1993newbie]

Unit #03-41,743sqft.

1st owner bought from developer in Nov 2013 > $697 800
Sold on June 2020 > $650 800.
Cheaper than developer starting launch price of $659 800 for the 2 bedders

Last night researched a little. It seems like the 651k 2br unit sold was a bank sale.

 

[isometric]

Last night researched a little. It seems like the 651k 2br unit sold was a bank sale.

what does bank sale mean? as in the person cant pay the mortage so bank sell it off on behalf?
can assume bank sale usually mean below valuation right?

 

[SethNg]

@strikingjackpotsoon will most likely drop prices/give discounts


@polarbearking haha i dont think rich PRCs will invest in Jovell


@isometric yep banks just want their money back fast. Which will most likely be at valuation or under

 

[sheshen]

280 units development TBC along Flora Drive. In between Inflora & Jovell.

Probably starts with K since last launch was Jovell which starts with J.

Is this confirm? The space is abit small for new condo development.

 

[Forever84]

I like landscaping of this project

But location wayyy to ulu

 

[AhBeng508]

Saw caveat for Jovell 22-26 July 4 731k$ - 1.214 mil$ done sales, looks not bad. Those new buyers buy for future Loyang MRT potential?

 

[sheshen]

Saw caveat for Jovell 22-26 July 4 731k$ - 1.214 mil$ done sales, looks not bad. Those new buyers buy for future Loyang MRT potential?

Tampines east, Pasir Ris east MRT (2029), Loyang MRT (2029) all these MRT station are not within walking distance.

There is bus stop infront of Jovell only serve bus no.5 to Upper Changi MRT and Simei MRT.

 

[New Eden]

Tampines east, Pasir Ris east MRT (2029), Loyang MRT (2029) all these MRT station are not within walking distance.

There is bus stop infront of Jovell only serve bus no.5 to Upper Changi MRT and Simei MRT.

Hopefully there will be some east coast plan for this area

 

[AhBeng508]

When Loyang MRT up to service, shall have more amenities at MRT station? Shall have bus to Loyang MRT? How come no MP do something there? Haha, East coast plan not work liao...

 

[ThinkCarefully]

When Loyang MRT up to service, shall have more amenities at MRT station? Shall have bus to Loyang MRT? How come no MP do something there? Haha, East coast plan not work liao...

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Ha? East Coast plan?

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[Strikingjackpotsoon]

Any updates for jovell

 

[Pokémon]

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Ha? East Coast plan?

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Why leh? You sound surprised to hear about such a plan.

 

[sgpropertyblog]

currently more than 57% sold.. estimated TOP 2022.. many units still on promo

 

[Passerboy]

Why leh? You sound surprised to hear about such a plan.

Jus curious what’s the plan?only see Big Splash (which started long ago) completed at ECP, no other plans since then.

 

[Falafell]

Jus curious what’s the plan?only see Big Splash (which started long ago) completed at ECP, no other plans since then.

That time 99.co got cover. Tampines west, Bedok and Bayshore.

https://www.99.co/singapore/insider/heng-swee-keat-heres-your-east-coast-plan-ok/

 

[sixthokage]

Went to see showroom over the weekend, promo still on, around 68% sold. Left 1 3 bedroom and a handful of corners 2 bedroom nearer to entrance and far inside.

2BR + Study below 1mil.
3Bedroom below 1.1mil.

psf around $1300+, cheapest launch in Singapore, looks profitable given entry point low but surroundings amenities quite poor. Ideal if you are looking to flip, and rent out for next few years. But self stay i don't recommend unless you have an attachment for the area, or work nearby.

 

[Falafell]

Went to see showroom over the weekend, promo still on, around 68% sold. Left 1 3 bedroom and a handful of corners 2 bedroom nearer to entrance and far inside.

2BR + Study below 1mil.
3Bedroom below 1.1mil.

psf around $1300+, cheapest launch in Singapore, looks profitable given entry point low but surroundings amenities quite poor. Ideal if you are looking to flip, and rent out for next few years. But self stay i don't recommend unless you have an attachment for the area, or work nearby.

Cheapest doesn't mean good. Flora Drive is a condo enclave which are all predominantly FH and all of them have a much lower psf than Jovell which is LH. In fact many of them are better situated near Loyang Ave or Upper Changi Rd North.

Investment POV, I dont see how Jovell can resell at 14xx-15xx psf in the future given the lack of upgrader demand who would like to ‘upgrade’ to Flora Drive. Also if they would love to upgrade to Flora Drive being attracted to the resort-like characteristics of the area, they have aplenty of FH choices with various themes to choose from. Most Upgraders looking for a newer condo who could would head for the barrage of Treasures @ Tampines Resale at 14xx-15xx psf instead given it is situated among the Tampines HDBs. Rental play is also quite volatile in the area with little rental transactions per month given the lack of accessibility through public transport.

Own Stay, if one likes the resort feels of the area, please choose a FH at least.

 

[ThinkCarefully]

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Not forgetting the hangman next door.

According to someone, good for people needing to visit the ‘heritage site’ next door..

(CP, in case you don’t know)

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[ThinkCarefully]

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If you really need to buy here, can consider the fh ones...at least can wait out for some price appreciation...

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