KUALA LUMPUR: Property developer Selangor Dredging Bhd (SDB) Jui Residences project in Singapore has been well received with all 117 units sold to date since its soft launch back in September 2018.
Developed by SDB's associate company Tiara Land Pte Ltd, Jui Residences is located adjacent to the Kallang River.
The 117 contemporarily crafted units are located within an 18-storey tower surrounded by convenient amenities and an integrated transport network which includes the Potong Pasir and Boon Keng MRT stations.
SDB managing director Teh Lip Kim said the company continues to be committed to its tagline of 'driving excellence and building lifelong relationships.'
A freehold development, the strong interest stemmed from Jui Residences being initially sold at around SG$1,600 to approximately SG$2,000 per square foot.
Jui Residences is located within the Urban Redevelopment Authority's (URA) earmarked growth districts of Bidadari and Kampong Bahru areas.
Singapore's Straits Times had reported that plans to rejuvenate the iconic Kallang River is already underway.
By 2030, another 100,000 residential homes are set to be built in that area, transforming the Kallang River into a lifestyle hub, with waterways, greenery and seamless park connectors.
"Jui Residences being right next to the Kallang River will stand to benefit from this major facelift and keen-eyed investors are said to have identified this area as offering potential extraordinary return on investment," said an industry analyst to a news portal.
Besides being strategically located, the project also features a historical landmark within its premises.
SDB is working closely with URA to keep the building as part of Singapore's national history.
SDB also has two projects in Singapore which are currently under construction namely One Draycott located at the upscale Ardmore Draycott residential enclave and Myra located in Potong Pasir, a vibrant neighbourhood located in District 13.