Andy October 20 2021

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Jervois Mansion almost fully sold on launch day

Jervois Mansion, a freehold project by property developer Kimen Group, was almost fully sold when it was launched for sale on 16 October 2021.

A total of 104 units of the new condominium at Prime District 10 were sold. It is located at Jervois Close near to the River Valley area. 

The majority of the buyers were Singaporeans who are buying for owner occupation. 

There are a total of 130 units in the new development and the developer will keep 25 units for its own investment purpose. 

The upcoming Jervois Mansion has a total of six blocks of five storeys high due to its close proximity to the Good Class Bungalow (GCB) area. There are 70 units of one to two bedrooms and 60 units of three to five bedrooms for large families. 

All the blocks at Jervois Mansion will be interconnected by bridges at the rooftops and there will be a community urban farm and garden. 

Building and Construction Authority (BCA) has awarded Jervois Mansion with the Green Mark GoldPLUS Super Low Energy Residential Building rating for its initiative to power 30% of the common facilities using solar panels at the roof pavilions.

The average selling price is very affordable at $2,548 per square foot (PSF). Considering that  a resale condo unit at nearby at Bishopsgate Residences, TOP in 2012, was sold at $3,840 PSF in June 2021.

A four-bedroom unit of 1,539 sq ft was sold for slightly below $4.5 million

The rooftops of the six blocks will be connected by bridges, with a community urban farm and garden atop one block and a "Regenerative Woods", a nature plot left untouched to flourish naturally, on another.

Mr Andy Chia Jin Tai, associate division director of ERA, one of the three property agencies that was marketing the project, said: "COVID-19 pandemic has changed the mindset of most buyers. The shift to work from home means they demand a livable space and functional layout for a good working environment. Coupled with the right pricing, Jervois Mansion nestled in a prime D10 location appeals to savvy investors who are price sensitive."