Imagine waking up in a private and intimate resort that’s luxurious, calming and surrounded by lush greenery every day. With Jervois Priv√©, you can. Exclusive to only 45 units, this low-rise condominium located in District 10 is within the Good Class Bungalow enclave. Developed by Jervois Midas Pte Ltd and designed by an award-winning firm, Ipli Architects, Jervois Priv√© has many valuable qualities that you should invest in, one of them is its prestigious freehold tenure.
3 Reasons to Choose Jervois Privé for Your Next Property Investment:
1. Rental Price Increase
Singapore’s overall rents for condos in the Core Central Region (CCR) increased by 4% and the country’s rental prices increased on a year-on-year basis as of Q3 2019.
In 2019, there are 2% more foreigners which contributed to the private property rental market.
The expected date of legal completion for Jervois Privé is 2023. We can estimate its monthly rent by exploring nearby condominiums which are closeby. The monthly rental of a two-bedder in Jervois Meadows can go up to $4,000 while Dormer Park is $4,900 for the same number of rooms.
This is definitely good news for landlords, considering the number of upcoming developments within proximity such as ‘The Lifestyle Destination’ and ‘Bring Back the Orchard’ plans by STB, URA, NParks, and the Land Transport Authority.
2. Increase in Property Prices
What factors may contribute to these competitive rental and sales rates in and near Jervois Prive?
Transportation and Accessibility
It’s convenient to get around anywhere because it’s easy for both public and personal transportation. The nearest train station from Jervois Priv√© is Redhill MRT Station which is about 700m away. If you’re planning on driving, the condominium is connected to major roads and expressways such as Alexandra Road, River Valley Road, Central Expressway and Ayer Rajah Expressway. You can reach Orchard Road and Tanjong Pagar in less than 10 minutes and Central Business District in 11 minutes.
Future Developments within and near District 10
Plans to enhance Orchard Road as a Lifestyle Destination include Tanglin being a mixed-use neighbourhood with a strong arts and artisanal presence. The conserved Tudor Court will showcase more arts, cultural and lifestyle offerings. The upcoming opening of the Orchard Boulevard MRT station on the Thomson-East Coast Line will bring added convenience to visitors in this sub-precinct.
Other developments include the CBD Incentive Scheme, a new Dover Knowledge District (a mixed-use site that is meant to be an extension to one-north suited to technology companies), and the old Pasir Panjang Power District will be turned into the Greater Southern Waterfront, a heritage and lifestyle hub. All these destinations are less than 12 minutes away from Jervois Privé.
Healthcare
Getting to healthcare institutions is pretty convenient so rest assured that your health needs will be well taken care of. They take 11 minutes or less via car – Gleneagles Hospital (six-minute drive), Alexandra Hospital (eight-minute drive) and Mount Elizabeth Hospital (11-minute drive).
Education
Jervois Priv√© is near to over 25 schools. This includes preschools, primary schools, secondary schools, tertiary-level institutions and International schools. Both local and foreign families with children will be pleased with the range of choices, especially when most are reputable schools like Gan Eng Seng Primary School, Crescent Girls’ School, Catholic Junior College, Overseas Family School, etc.
3. Perks for Own Stay
Dining and shopping options are plenty! Craving a fancy dinner or a casual hawker meal? Need to do some grocery shopping or planning of checking out the latest spring/summer collection at high-end boutiques? All it takes is just a short drive to various places like Valley Point Shopping Centre, Tiong Bahru Plaza, Tanglin Shopping Centre, Great World City, Orchard Shopping Belt, Tiong Bahru Market, Redhill Food Centre, Bukit Merah View Market, etc.
Feel like spending the day outdoors and close to nature? Head down to the Botanic Gardens (seven-minute drive) for picnics, or play bowling and have a futsal match with at SAFRA Mount Faber, which is roughly a six-minute drive away. Golfers will be pleased to know that Tanglin Club is a mere eight-minute drive away.
Jervois Priv√© units range from one to three-bedroom units, making it an ideal choice for any individual, couples or small families, whether local or foreign. Located conveniently near the MRT, major expressways, good schools and city area – it’s definitely a place you can call home, for you and your family and future generations to come.
Enchanted by this property? Invest in Jervois Privé today!
Best Mortgage Rate Across All Banks for Jervois Privé
Talk to our mortgage brokers with over 30 years of experience and get the lowest mortgage rate at 1.95%. Our home loan specialists will assist you with everything you need to know from Total Debt Servicing Ratio (TDSR), Loan to Value (LTV) Limits and Legal Conveyancing.
Buyer’s Stamp Duty for Jervois Priv√©
Buyer’s Stamp Duty (BSD) is tax paid on documents signed when you buy or acquire property located in Singapore.
If you opt to buy a three-bedroom unit at Jervois Priv√© to comfortably fit your growing family or planning to rent it out to families in the future and the price is at $3,090,000 which is reflective of the market value, your Buyer’s Stamp Duty (BSD) is $108,200.
| Market Value of the Property | BSD Rate | Calculation |
|---|---|---|
| On the first $180k | 1% | $1,800 |
| On the second $180k | 2% | $3,600 |
| Next $640,000 | 3% | $19,200 |
| Remaining $2,090,000 | 4% | $83,600 |
| BSD Payable | $108,200 | |
Source: IRAS
Looking at another unit size? Use Ohmyhome’s In-app BSD calculator for faster calculation! Download Ohmyhome from the Play Store or App Store now!
Additional Buyer’s Stamp Duty for Jervois Priv√©
Liable property buyers in Singapore are required to pay Additional Buyer’s Stamp Duty (ABSD) on top of the existing BSD. ABSD and BSD are computed on the purchase price as stated in the dutiable document or the market value of the property (whichever is the higher amount).
Who is liable to pay ABSD:
- Singapore Citizen (SC) buying second, third and subsequent residential property
- Singapore Permanent Resident (SPR) buying first, second and subsequent residential property
- Foreigners or entities buying any residential property
ABSD for Singapore Citizens when Buying Jervois Privé
Here’s the ABSD amount you are required to pay if you are an SC:
| Property Ownership | ABSD Rate | ABSD Amount from Price $3,090,000 |
|---|---|---|
| If Jervois Privé is your second residential property | 12% | $370,800 |
| If Jervois Privé is your third or subsequent residential property | 15% | $463,500 |
ABSD for Singapore Permanent Resident when Buying Jervois Privé
Here’s the ABSD amount you are required to pay if you are an SPR:
| Property Ownership | ABSD Rate | ABSD Amount from Price $3,090,000 |
|---|---|---|
| If Jervois Privé is your first property | 5% | $154,500 |
| If Jervois Privé is your second or subsequent residential property | 15% | $463,500 |
ABSD for Foreigners when Buying Jervois Privé
Here’s the ABSD amount you are required to pay if you are a foreigner:
| Property Ownership | ABSD Rate | ABSD Amount from Price $3,090,000 |
|---|---|---|
| Foreigners buying any property | 20% | $618,000 |
Agent Service for Home Buyers at $0 Agent Fee
Our real estate consultants will provide you insights about this new launch project and assist you with everything you need to know from Buyer’s Stamp Duty, Additional Buyer’s Stamp Duty, exercising the OTP to sealing the deal.
You can buy your new home with Ohmyhome’s VIP agent service at $0 agent fees!
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