Square Foot Research Singapore

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THE JOVELL

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Project Information

Project Name

THE JOVELL

Street Name

Flora Drive

Property Type

Condominium

Tenure

99 yrs FROM 2018

District / Planning Area

D17 / Pasir Ris

Completion

2022

Number of units

428 units

Indicative price range / Average*

S$ 1,460 - S$ 1,648 psf / S$ 1,554 psf

Indicative rental range / Average*

S$ 4.24 - S$ 7.11 psf pm / S$ 5.58 psf pm

Implied rental yield

4.31%

Historical high

S$ 1,648 psf in Dec 2022 for a 452-sqft unit

Indicative average price from historical high

-5.7%

Historical low

S$ 1,121 psf in Jan 2021 for a 904-sqft unit

Buyer profile by status#

Singaporean 87.5%, PR 11.4%, Foreigner 1.2%, Company 0.0%

Buyer profile by purchaser address#

HDB 60.0%, Private 40.0%

Note: *Based on contracts in the last 6 months. #Based on all available caveats, it does not represent the breakdown of current owners.

Location

Transaction Prices, Rents, Trends and Analysis

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Nearby properties

Price Comparison (Up to 10)

Source: URA, https://www.squarefoot.com.sg

Rental Comparison (Up to 10)

Source: URA, https://www.squarefoot.com.sg

Price and rental comparisons (Up to 10)

Note: Excludes properties with no transactions in the past 6 months, except for Subject Property. *Prices and rentals are based on data in the past 6 months. If Subject Property does not have transactions during this period, data shown is from the 6-month period from last transaction date.
Source: https://www.squarefoot.com.sg
Marker Project Tenure Completion Distance
(m)
Lowest price*
(S$ psf)
Average price*
(S$ psf)
Highest price*
(S$ psf)
Lowest rental*
(S$ psf pm)
Average rental*
(S$ psf pm)
Highest rental*
(S$ psf pm)
Rental yield
(%)
THE JOVELL 99 yrs FROM 2018 2022 - 1,460 1,554 1,648 4.24 5.58 7.11 4.3
EDELWEISS PARK CONDOMINIUM Freehold 2006 122 989 1,050 1,119 2.22 3.51 5.38 4.0
THE INFLORA 99 yrs FROM 2012 2016 135 1,011 1,287 1,404 2.00 4.77 6.67 4.4
THE GALE Freehold 2013 176 1,173 1,206 1,239 2.57 3.54 5.85 3.5
BALLOTA PARK CONDOMINIUM Freehold 2000 182 901 944 988 1.52 2.84 4.21 3.6
DAHLIA PARK CONDOMINIUM Freehold 2003 253 916 1,054 1,154 1.84 2.95 3.84 3.4
ESTELLA GARDENS Freehold 1999 268 1,090 1,138 1,192 2.40 3.31 4.62 3.5
FERRARIA PARK CONDOMINIUM Freehold 2009 291 1,071 1,123 1,164 2.42 3.49 4.92 3.7
CARISSA PARK CONDOMINIUM Freehold 2001 338 903 1,036 1,118 1.84 3.25 4.62 3.8
AVILA GARDENS Freehold 1995 349 1,038 1,346 2,252 2.44 3.27 4.65 2.9

Location of nearby properties

Note: Excludes properties with no transactions in the past 6 months.
Source: https://www.squarefoot.com.sg

Nearby land sales / new launches

The developer's estimated breakeven is for subscribers only. Subscribe now to see every bit of information!
Status Name Location Land attributes Estimated Breakeven

on 17 Jun 2011

(Now known as Palm Isles)

Street
Site use Residential
Sale Type
Tenure 99
Site area (sqm) 26,817.6
Site GFA (sqm) 37,545.0
Highest bid ($m) 131.4
Highest bid ($psf) 325.1
Number of bids 4
Remarks
Land ($m) XX
Construction ($m) XX
Land Financing ($m) XX
Professional / Legal / Taxes ($m) XX
Marketing / Others ($m) XX
Est. Total Cost ($m) XX
Est. Breakeven ($psf ppr) XX
Developer Frasers Centrepoint

on 25 Oct 2011

(Now known as Parc Olympia)

Street
Site use Residential
Sale Type
Tenure 99
Site area (sqm) 29,949.0
Site GFA (sqm) 41,929.0
Highest bid ($m) 163.0
Highest bid ($psf) 361.2
Number of bids 8
Remarks
Land ($m) XX
Construction ($m) XX
Land Financing ($m) XX
Professional / Legal / Taxes ($m) XX
Marketing / Others ($m) XX
Est. Total Cost ($m) XX
Est. Breakeven ($psf ppr) XX
Developer Koh Brothers

Disclaimer

This report provides information as reference resource for your personal consumption only. It is not intended to be and does not constitute financial advice, investment advice or any other advice. This report has been generated without regard to the individual financial circumstances, needs or objectives of persons who view it. Users should not rely on any of the information herein as authoritative or substitute for the exercise of their own skill and judgment in making any investment or other decision. By the use of our services, you agree that any and all use of this report which you make, is solely at your own risk and without any recourse whatsoever to Square Foot Research Pte. Ltd., its related and affiliate companies and/or their employees. Square Foot Research Pte. Ltd. makes reasonable effort to use reliable and comprehensive information to generate this report, but we make no representation that it is accurate or complete.

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