Midas Land unveils maiden project Jervois Privé

PROPERTY development firm Midas Land, founded by industry veterans Dawn Lim and Mike Ho, today unveiled its maiden residential development Jervois Privé at Tanglin.

Located at 100A Jervois Road, the 45-unit freehold development in District 10 will be open for public preview from Saturday.

During its preview phase, the five 1-bedroom apartments, from 549 square feet (sq ft), will be priced from S$1.62 million; 30 2-bedroom apartments, from 689 sq ft will be priced from S$2.01 million; and 10 3-bedroom apartments, from 1,109 sq ft, will start from S$3.18 million. Early bird prices will start from S$2,816 per square foot (psf).

The new luxury condominium will be built on the 27,109 sq ft site of the former Jervois Green development, which was acquired by the founders of Midas Land for S$52.9 million in December 2017. 

The price worked out to a land rate of S$1,601 psf per plot ratio inclusive of an estimated S$6.95 million development charge.

The development is expected to be completed by the first half of 2022 and will be ready for occupancy in early 2023. PropNex and SRI are the appointed marketing agencies for Jervois Privé.

Ms Lim, managing director, Midas Land, said: “”Further to the overwhelming reception we have seen from our private preview weekend that was originally open to friends and family only, we have decided to extend our preview along with early-bird pricing for this period to interested buyers from the public. We’ve had over 500 interested visitors to our showflat through word-of-mouth and many walk-ins who are residents from the neighborhood looking for a second home.”

The Redhill MRT station is a 10-minute walk from the development, which is located near two upcoming MRT lines, Orchard Boulevard and Great World City. It is also a five-minute drive to the Orchard Road shopping belt and a seven-minute drive to the Central Business District.

Mr Ho, managing director, Midas Land, said: “We are focusing on delivering the right product to the right market at the right price. So in the case of Jervois Privé, it’s really a high quality product we will happily live in.”Source: The Business Times

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