J'Den

J'Den Residences Developer

Analysts are estimating that residential units in J'Den could launch for around $2,000 to $2,100 PSF. However, there is a chance that it could go higher than that, due to the cost of the website.

That's because CapitaLand Development acquired JDEN  and its land for S$340 million. Although they obtained it through another CapitaLand subsidiary, from the CapitaLand Integrated Commercial Trust, it is reasonably priced in the market. Since Total Floor Area (GFA) is approximately 374,000 square feet, the acquisition cost alone comes to approximately $1,005 PSF PPR (per square foot per parcel rate). This does not include the cost of returning leases up to 99 years.

If we add that, along with development costs including finance and overhead, the breakeven point could be closer to $1,900 PSF. So it's not too far fetched to expect a sale price above $2,000 PSF. However, at this time, the final selling price has not been finalized yet.

CapitaLand's integrated developments include ION Orchard and The Orchard Residences, Ascott Orchard Singapore and Cairnhill Nine, as well as Raffles City, its flagship brand of integrated developments. Pioneered in Singapore with the opening of Raffles City Singapore in 1986, there are now eight other Raffles City developments in seven gateway cities in China, and a new Raffles City integrated development in Chongqing, China. Current projects of CapitaLand in Singapore also include Capitaspring (Office tower+Serviced residence), a 280m tall skyscraper in Raffles Place CBD, Singapore.