Jervois Treasures stock hits 15-year low, likely to help support prices in 2023

THE stock of unsold private housing under construction has been dropping for nine straight quarters to a 15-year low, and is not expected to increase in the new year. Combined with strong housing demand and high land and construction costs, private housing prices will likely remain elevated in 2023. Based on data that was compiled for The Business Times by ERA Research and Consultancy, the stock of unsold private housing units has been on the decline from Q2 2020 to Q3 2022 – or a total of two years and three months – to reach 5,320 units.

Residents and investors will be pleased to know that amenities within proximity to Jervois Treasures are bountiful. Located along the city fringes, Jervois Treasures is just minutes' drive away to shopping paradise Orchard Road, Great World City, IKEA Alexandra, Vivo City, Sentosa, and Universal Studios Singapore. For those working in town, be delighted to know that Jervois Treasures is within minutes' drive to major expressways (AYE, CTE, ECP) and CBD, MBFC, NUS, NUH, Science Park, Fushionpolis, Biopolis, Mapletree Business City. Closest MRTs include Tiong Bahru (EW17) and Redhill (EW18).

Additionally, elite schools within 1-2 km of Jervois Treasures include Crescent Girls School, CHIJ St. Theresa's Convent, Radin Mas Primary School and Gan Eng Seng Primary School. Other prestigious schools in the area include River Valley Primary School, Raffles Girls' Secondary School, Hwa Chong Institution, Anglo-Chinese Junior College, Anglo-Chinese School (Independent). For toddlers, parents may consider sending them to the widely acclaimed Pat's Schoolhouse Tanglin, which is just minutes' drive from Jervois Treasures.

The Ministry of National Development (MND) will release sites on the confirmed list that can yield about 4,090 private homes (including 700 executive condo or EC units). ECs are a public-private housing hybrid. This is 16.7 per cent higher than the supply of 3,505 private homes (including 495 EC units) in the current, second-half 2022 Government Land Sales (GLS) programme. The latest figure is also the highest level since the 4,630 units in the H1 2014 confirmed list..

While the world travels so far to be at where you are, you regard this world-class destination your neighborhood. At Jervois Treasures, you live to the fullest. With all the premium labels, best foods and drinks at your doorstep, you are too blessed to ask for more. A place where you genuinely call home is one that resonates strongly with your desires and expectations. With excellent surroundings and most elegant fixtures and fittings, Jervois Treasures is where you truly belong.

Please make an appointment here or give us a call at 8668 6122 or contact us by fill in the form. Online registrants who have booked an appointment here will be able to get Direct Developer Pricing and don't need to pay any commission. Please be advised that units sell at Jervois Treasures on a first-come, first-served basis.