Type

Units

Min Area

Price Range

1 BR

441 sqft

S$699K

Property Highlights

Condo development with 1 unit currently available.
Prices currently start from S$699K.
For Singaporean second property buyers, ABSD applies at 20% of the purchase price, approximately S$140K on this acquisition.

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The Jovell: A Contemporary Condominium Development on Flora Drive

The Jovell stands as a thoughtfully designed residential development situated at 13 Flora Drive, delivering a curated blend of modern living and practical functionality. This condominium project represents an increasingly popular category of compact, efficiently laid-out properties that appeal to Singapore's diverse buyer demographic—from first-time homeowners entering the market to seasoned investors diversifying their portfolios and established households seeking to downsize without compromising on quality or location.

The development offers units beginning from S$699,000, positioning itself within a price bracket that balances affordability with the premium finishes and amenities expected in contemporary Singapore residential developments. Prospective purchasers will find a range of configurations designed to maximise internal space and light, with floor areas and bedroom counts calibrated to suit various lifestyle preferences and household compositions.

Strategic Location and Connectivity

Positioned on Flora Drive, The Jovell benefits from a location that bridges residential tranquility with practical accessibility to Singapore's wider urban infrastructure. The address places residents within reach of commercial districts, retail nodes, and educational institutions that define the city's metropolitan character. This strategic placement has historically supported both capital appreciation and rental demand, as properties in well-connected corridors tend to attract a broad cross-section of tenants and future buyers.

The proximity to transport arteries and established neighbourhoods ensures that The Jovell appeals to commuters, young professionals, and families seeking homes that do not require lengthy journeys to workplaces or entertainment precincts. The development's location within Singapore's broader property ecosystem positions it favourably relative to supply-constrained areas, a factor that underpins long-term value retention.

Unit Design and Interior Configuration

The Jovell's floor plans demonstrate an architect's commitment to space efficiency without sacrificing livability. Each unit is conceived to provide open-plan living areas, adequate natural ventilation, and thoughtful storage solutions—details that reflect modern buyer expectations and rental market preferences alike. The compact footprints—typical of contemporary Singapore developments—suit professional singles, young couples, and investors who prioritise location and maintenance ease over sprawling square footage.

The development's palette of finishes, fixtures, and layout options ensures that residents enjoy a quality interior environment aligned with current aesthetic standards. This attention to finish quality is particularly important in the mid-market segment, where buyers increasingly demand developer-grade specifications rather than basic fit-outs.

Amenities and Community Facilities

Residential developments of The Jovell's calibre typically incorporate communal facilities and lifestyle amenities designed to enhance resident experience and property appeal. These may encompass recreational spaces, fitness facilities, landscaped gardens, or social areas that foster a sense of community whilst supporting the property's marketability in both owner-occupancy and rental scenarios. Such amenities also contribute positively to perceived value, particularly among younger demographics and investors evaluating rental yield potential.

The integration of thoughtfully curated facilities within the development reinforces The Jovell's positioning as a complete residential package rather than a collection of individual apartments. This holistic approach appeals to buyers seeking not merely a place to sleep but an environment that supports their broader lifestyle and social needs.

Investment and Ownership Considerations

For investors evaluating The Jovell within the context of Singapore's residential investment market, the development presents several attractive characteristics. The entry price point from S$699,000 positions units at a level accessible to a wide pool of potential tenants, supporting consistent rental demand. Compact floor plans typically command lower absolute rent figures but often deliver competitive per-square-foot yields, an important consideration for property investors benchmarking returns across multiple developments.

Owner-occupiers should consider The Jovell in light of their lifecycle stage and housing trajectory. First-time buyers will find the entry price attractive relative to alternative submarkets, whilst established homeowners downsizing from larger properties may appreciate the low-maintenance configuration and modern finishes. The development's appeal to multiple buyer cohorts translates into a broader potential audience for future resale, a factor that supports capital value stability.

Market Positioning and Comparative Context

Within Singapore's condominium landscape, properties of The Jovell's specification and location occupy a distinct niche—newer developments offering contemporary standards at price points that remain accessible to a broader demographic than luxury or ultra-prime segments. This positioning insulates the development somewhat from extreme market volatility, as demand drivers tend to remain relatively stable across economic cycles.

The price range from S$699,000 reflects current market sentiment for similar-quality developments in accessible locations. Prospective buyers should benchmark this against recent comparable transactions in the Flora Drive precinct and surrounding neighbourhoods, as per-square-foot pricing trends inform both valuation and future appreciation potential. Properties in well-serviced areas with established amenities tend to hold value more steadily than those in emerging precincts, a consideration that supports confidence in The Jovell's long-term viability as an investment or primary residence.

Financing and Ownership Dynamics

Purchasers should evaluate their financing capacity in light of current mortgage rates and lending criteria. First-time buyers may benefit from concessionary loan rates and reduced downpayment requirements, making The Jovell's entry price particularly accessible. For second-property buyers, the Additional Buyer's Stamp Duty (ABSD) at 20% of the purchase price represents a significant upfront cost that should be factored into total acquisition expense and investment returns.

The development's price range supports a range of debt structures, from conservative mortgages covering 60–70 per cent of purchase value to more leveraged arrangements suited to experienced investors. Prospective purchasers should engage financial advisors to stress-test affordability against various interest-rate scenarios, ensuring that ownership remains sustainable throughout economic cycles.

Future Market Outlook and Long-term Value

The Jovell's location within Singapore's established residential landscape suggests stable long-term prospects, provided that no significant negative externalities emerge in the precinct. Developments on Flora Drive benefit from the maturity of surrounding infrastructure and the established character of their neighbourhoods, factors that typically support resilient property values and rental demand.

The broader Singapore residential market continues to demonstrate underlying demand for well-located, competently finished properties at accessible price points. The Jovell, positioned within this sweet spot of affordability, quality, and connectivity, is well-situated to appeal to successive cohorts of buyers and renters as demographic and household patterns evolve. Investors should monitor future supply pipeline developments in the area, as significant new completions could exert competitive pressure on rental rates and resale values; however, current development patterns suggest a measured supply increase rather than oversupply in the near to medium term.

Frequently Asked Questions

What rental yield can I expect if I purchase a unit at The Jovell as an investment property?

Rental yields at The Jovell will depend on unit configuration, floor level, and market conditions at the time of purchase, but compact developments in accessible locations typically achieve gross yields between 3–4 per cent annually when benchmarked against entry-level purchase prices. Units at The Jovell, priced from S$699,000, would generate gross annual rental income in the region of S$21,000–28,000 for typical market tenancies, though actual returns vary based on unit-specific factors such as aspect, amenity access, and the precise rental market conditions in the Flora Drive precinct. Investors should account for property tax, maintenance fees, and potential vacancy periods when calculating net yield; many experienced investors in this segment achieve net yields of 2–3 per cent after all expenses. Comparative analysis against other mid-market developments in accessible locations would inform whether The Jovell's yield profile matches your investment criteria.

How does The Jovell's per-square-foot pricing compare to recent transactions in the Flora Drive area?

The Jovell's entry price of S$699,000 for compact units translates to approximately S$1,585–1,650 per square foot for typical floor plans, positioning the development competitively within the Flora Drive locality and nearby comparable addresses. Recent transaction data in the precinct suggests that newer, well-finished developments in this catchment have traded at broadly similar price levels, though exact per-square-foot benchmarks fluctuate based on unit orientation, floor height, amenity proximity, and individual property condition. Buyers should commission a professional valuation or conduct detailed comparable analysis with a local agent to confirm whether The Jovell's pricing aligns with current market sentiment for that specific location. Developments offering superior finishes, more extensive amenities, or more prominent addresses may command premium per-square-foot pricing, whereas those in less-established precincts may trade at discounts; Flora Drive's established character supports price stability relative to emerging areas.

What Additional Buyer's Stamp Duty (ABSD) will I pay if The Jovell is my second residential property?

If you are a Singapore Citizen purchasing a second residential property, you will be liable for Additional Buyer's Stamp Duty (ABSD) at 20 per cent of the purchase price. For a unit at The Jovell priced at S$699,000, this would equate to ABSD of S$139,800, a substantial upfront cost that materially increases your total acquisition expense and impacts your investment returns or ownership decision-making. This 20 per cent rate applies to second residential properties purchased by Singapore Citizens and represents a significant component of total transaction costs alongside legal fees, survey charges, and standard Buyer's Stamp Duty. Investors evaluating The Jovell as a rental investment must incorporate this ABSD liability into their return calculations; the additional capital outlay effectively increases the required investment to achieve target yields. First-time buyers and foreign investors are not subject to ABSD, making The Jovell's entry price particularly attractive for these cohorts, whilst second-property buyers should carefully model the ABSD impact before proceeding with an offer.

What is the lease tenure at The Jovell, and how might lease decay affect future resale value?

The lease tenure structure at The Jovell will depend on whether the development is situated on freehold or leasehold land; this critical detail should be confirmed with your legal adviser or the developer before committing to purchase. If The Jovell is leasehold, the unexpired lease length at the point of your purchase will directly influence future resale value, with properties holding less than 60 years of unexpired lease typically facing significant buyer resistance and valuation discounts. Leasehold properties with unexpired terms approaching the 70–80 year mark will generally appreciate steadily, as buyers have sufficient time to amortise their investment over decades of ownership; however, as the lease tenure declines below 60 years, purchasing power drops materially as financing becomes more difficult and end-of-lease fears emerge. Freehold properties, conversely, do not face this lease-decay risk and typically retain value more robustly over long holding periods, making them preferable for investors or owner-occupiers planning to retain the property into retirement. Prospective buyers should clarify lease tenure at the earliest stage of evaluation and factor lease decay into their long-term valuation models if applicable.

How does proximity to the nearest MRT station influence demand and capital appreciation for The Jovell?

Properties demonstrating walkable or short-transit distance to MRT stations consistently command premium valuations and attract stronger tenant demand than those requiring lengthy commutes; Flora Drive's connectivity to broader transport infrastructure will materially influence The Jovell's appeal to both owner-occupiers and investors. Proximity to major transport nodes supports capital appreciation by broadening the pool of potential buyers and tenants, as commuters prioritise accessibility when selecting residences, and developments within 400–500 metres of MRT stations typically achieve faster resale velocity and more consistent rental leasing. The Jovell's precise distance from the nearest MRT should be confirmed, as this single factor often explains 10–20 per cent valuation premiums over comparable properties requiring longer transit connections. Established MRT corridors in Singapore have historically delivered superior long-term capital growth compared to car-dependent precincts, a pattern driven by underlying transport policy and urban development priorities. Investors evaluating The Jovell should position transport accessibility as a primary consideration, as this factor will influence both the sustainability of rental income and the eventual ease of resale should you wish to exit the investment.

Is The Jovell suitable for first-time buyers, and what advantages does it offer this cohort?

The Jovell is specifically well-suited to first-time buyers thanks to its entry price from S$699,000, which sits comfortably within the reach of early-career professionals and young couples accumulating their first residential asset. First-time buyers benefit from concessionary loan-to-value ratios of up to 90 per cent (compared to 75 per cent for subsequent purchases) and often enjoy preferential mortgage rates from financial institutions seeking to establish long-term relationships with new homeowners; these financing advantages materially reduce the equity capital required to complete a purchase at The Jovell. The development's contemporary finishes, compact layouts, and integrated amenities appeal to younger demographics uninterested in older resale properties requiring renovation, whilst the manageable absolute price reduces the risk profile of the first major capital commitment. Additionally, first-time buyers incur no ABSD, eliminating the 20 per cent stamp duty burden that second-property purchasers face, thereby improving overall acquisition economics. For first-timers seeking entry into Singapore's property market, The Jovell represents an efficient vehicle combining accessibility, quality, and location within a single investment.

What is my borrowing capacity and TDSR headroom when financing a unit at The Jovell?

Your Total Debt Servicing Ratio (TDSR) limit, capped at 60 per cent by the Monetary Authority of Singapore, will determine the maximum loan amount you can obtain for a purchase at The Jovell. For a property priced at S$699,000, if you earn S$7,500 per month, your monthly debt repayment capacity would be S$4,500; at typical mortgage rates of 3–3.5 per cent, this would support a loan of approximately S$480,000–500,000, requiring an equity contribution of S$199,000–219,000. Actual TDSR headroom depends on your existing debt obligations (car loans, credit cards, personal loans), your household income, and the precise interest rate offered by your lender; prudent buyers should stress-test affordability against rising rates, assuming mortgage costs of 4–4.5 per cent rather than current market rates. The Jovell's price point typically allows owner-occupiers with stable incomes in professional roles to achieve comfortable TDSR ratios and maintain housing cost affordability relative to take-home pay, though individual circumstances vary significantly. First-time buyers should engage directly with mortgage brokers or financial advisers to model their precise borrowing capacity before committing to an offer, ensuring that monthly servicing costs remain sustainable across economic cycles and income volatility.

How does The Jovell compare to competing developments in the Flora Drive area and nearby precincts?

The Jovell's positioning within the mid-market segment situates it alongside other contemporary condominium developments offering similar price points, floor specifications, and amenity suites; detailed comparison with nearby competitors will inform whether The Jovell offers superior value or warrants premium pricing relative to alternatives. Competing developments in the Flora Drive precinct and surrounding neighbourhoods will vary in terms of year of completion, architectural design, amenity quality, unit size range, and management reputation; some may offer larger floor plans at comparable prices (potentially advantageous for space-conscious buyers), whilst others may feature more extensive facilities or premium finishes justifying marginally higher pricing. A systematic assessment comparing per-square-foot pricing, amenity breadth, building maintenance standards, management history, and lease tenure across competing options will reveal The Jovell's relative competitive position and inform whether the property represents optimal value for your specific needs and budget. Buyers should also evaluate emerging supply in the locality, as anticipated completions of new developments could increase competition and potentially exert downward pressure on pricing and rental rates; however, Flora Drive's established character and infrastructure suggest that new supply will be absorbed by underlying demand drivers rather than creating oversupply scenarios.

Which unit stack or floor level at The Jovell offers the best balance of value and desirability?

Mid-floor units at The Jovell (typically levels 5–15, depending on total building height) generally offer optimal value by balancing the premium pricing of high-floor apartments with the practical advantages of elevated position and privacy, whilst avoiding the lowest-level units which may face noise from common areas, reduced privacy, and potential security concerns. High-floor units command pricing premiums of 15–30 per cent relative to comparable low-floor apartments, reflecting the perceived lifestyle benefits of elevated views and superior privacy; however, this premium often exceeds the psychological value delivered, making mid-floor units more attractive for value-conscious buyers. Low-floor units facing main roads or common facilities may suffer from noise exposure and reduced privacy, warranting pricing discounts that create genuine value opportunities for tenants or owner-occupiers with appropriate expectations and noise tolerance. Units positioned away from lift lobbies and with northern or western aspect (depending on local geography) may command modest premiums over internally-facing units; however, The Jovell's location on Flora Drive should be evaluated for specific orientation patterns and prevailing wind direction to optimise natural ventilation. Sophisticated investors often favour mid-floor, internally-facing units that deliver strong rental appeal to broad tenant demographics without the premium pricing of high-floor apartments, thereby maximising yield efficiency.

What is the future supply pipeline for residential developments in the Flora Drive area, and how might this affect The Jovell's value?

The broader residential supply outlook for the Flora Drive precinct and surrounding districts will materially influence The Jovell's long-term appreciation potential; if significant new developments are planned for completion within 3–5 years, this could exert competitive pressure on rental rates and resale values. Current government planning priorities and private developer pipelines suggest that Singapore's residential market continues to emphasise both public housing intensification and selected private condominium developments in accessible locations; however, supply growth tends to be measured and demand-responsive rather than speculative, limiting the risk of acute oversupply. Properties in established, mature precincts like Flora Drive benefit from the absence of large-scale public housing estates entering adjacent neighbourhoods, a factor that supports pricing stability and tenant quality relative to emerging areas experiencing rapid population growth. Investors should monitor Government Land Sales calendars and private development announcements to remain apprised of future supply trajectories; however, the Jovell's contemporary specification and location suggest that the development will remain competitive relative to emerging alternative even as new stock enters the market. Medium-to-long-term demand drivers—including Singapore's continued urbanisation, limited land availability, and rising household incomes—are expected to sustain underlying demand for well-located residential properties, positioning The Jovell favourably despite incremental supply growth in the broader market.

[For Sale] The Jovell — From S$699K