Looking for a home away from the hustle and bustle of the city? Consider The Jovell, situated along Flora Road in District 17. This 99-year leasehold development by Hong Leong Holdings Limited comprises nine prime eight-storey blocks with 428 luxury apartment units. Enjoy well-designed leisure amenities inspired by seaside resorts. . Let’s find out more about what this property has to offer.
4 Reasons Why The Jovell Is an Ideal Home:
1. Specifications and Perks for Own Stay
| Project Name | Tenure | TOP | Unit Type (up to) | Size in sqft (up to) | Average Price PSF (up to) |
|---|---|---|---|---|---|
| The Jovell | 99-year leasehold | 2016 | 1-bedroom 2-bedroom 3-bedroom 4-bedroom |
527 721 1,033 1,270 |
$1,281 |
The Jovell offers a wide selection of units, from one- to four-bedroom types. A combination of practicality, functionality, and aesthetics is what each unit embodies – elegantly designed with wide balconies to welcome ample natural sunlight and decked out in the finest materials and fittings. On top of that, each unit comes equipped with quality washer-dryers and refrigerators. Premium ground floor units can enjoy direct access to the swimming pool.
The facilities here will make you feel like you’re in a lush island resort with unique features such as the beach-style swimming bay with a gentle slope and textures mimicking sand. Take a breather while enjoying the natural outdoor stone bath, complete with hot and cold jacuzzis, wet reflexology area, and wet hammocks. The sun deck and lounge pavilions are perfect for sunbathing. Fitness junkies can stay active at the indoor gym, outdoor fitness facilities, tennis court, or the swimming pool.
You can celebrate occasions without having to leave home. Whip up a feast at the rooftop barbecue, or host a gathering at the clubhouse, which offers a great view of the swimming pool. Throwing a party for the little ones? There’s a dedicated children’s barbecue area, swimming pool, and wet play area!
2. Accessibility, Amenities, and Recreational Spots
The nearest train station to The Jovell is Upper Changi MRT Station on the Downtown Line (DTL). From there, Changi Airport is two stops away. Residents can look forward to the provision of shuttle bus service to the train station for a period of one year, commencing within six months from TOP. This condominium is connected by not one but three major expressways (PIE, ECP, TPE), so getting around the island is a breeze. By car, you are minutes away from business and commercial clusters, reputable schools, amenities, and recreation options in the east.
The Jovell is a short drive to a plethora of dining and shopping options as it is surrounded by multiple towns like Changi, Loyang, Simei, and Tampines. The wide range of shopping centres and entertainment avenues include Jewel Changi Airport, White Sands, Eastpoint Mall, White Sands, NTUC Downtown East, Century Square, Tampines 1, and Tampines Mall. The most popular recreational spot would be in Pasir Ris, where there is the beach, park, chalets, theme parks, a bowling alley, and a pet-friendly park.
3. Education, Employment, and Healthcare
The Jovell is not far from several schools and colleges. Within a 2-km radius, you can find White Sands Primary School, Dunman Secondary School, East Spring Secondary School, and Singapore University of Technology and Design. You will also be strategically located close to Changi Business Park (six-minute drive), Tampines Central (nine-minute drive) and Pasir Ris Wafer Fab Park (nine-minute drive) – which is going through an expansion – resulting in more jobs closer to home and an increase in potential tenants.
Need to see a doctor? The nearest hospitals are Changi General Hospital and St. Andrew’s Community Hospital, an 11-minute drive from Flora Drive.
4. Property Price and Future Developments
The Jovell is priced at an average of $1,281 per sqft. The latest property transactions were on February 20, 2020: $884,000 for a 721 sqft unit on the first floor and $830,000 for a 635 sqft unit on the seventh floor.
We can foresee the price rising over the years, thanks to upcoming developments like the new Terminal 5, improved connectivity (Cross Island Line and Coastal Park Connector), bigger industrial hubs, more amenities, and recreational facilities.
Is The Jovell the home you’ve been dreaming of? Talk to our real estate consultants and get VIP agent service.
Best Mortgage Rate Across All Banks for The Jovell
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 The Jovell
Buyer’s Stamp Duty (BSD) is tax paid on documents signed when you buy or acquire property located in Singapore.
If you’re opting to buy a three-bedroom unit at The Jovell, the price is at $1,078,000 which is reflective of the market value. Your Buyer’s Stamp Duty (BSD) is $27,720.
| 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 $78,000 | 4% | $3,120 |
| BSD Payable | $27,720 | |
Source: IRAS
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Additional Buyer’s Stamp Duty for The Jovell
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 The Jovell
Here’s the ABSD amount you are required to pay if you are an SC:
| Property Ownership | ABSD Rate | ABSD Amount from Price $1,078,000 |
|---|---|---|
| If The Jovell is your second residential property | 12% | $129,360 |
| If The Jovell is your third or subsequent residential property | 15% | $161,700 |
ABSD for Singapore Permanent Resident when Buying The Jovell
Here’s the ABSD amount you are required to pay if you are an SPR:
| Property Ownership | ABSD Rate | ABSD Amount from Price $1,078,000 |
|---|---|---|
| If The Jovell is your first property | 5% | $53,900 |
| If The Jovell is your second or subsequent residential property | 15% | $161,700 |
ABSD for Foreigners when Buying The Jovell
Here’s the ABSD amount you are required to pay if you are a foreigner:
| Property Ownership | ABSD Rate | ABSD Amount from Price $1,078,000 |
|---|---|---|
| Foreigners buying any property | 20% | $215,600 |
VIP Service for Buyers at $0 Agent Fees
Our real estate consultants will provide you insights about this new project and assist you with everything you need to know from BSD, ABSD, exercising the OTP to sealing the deal.
Buy your dream home at $0 agent fee!
