Analysis Freehold Doesn’t Always Mean It’s Better: A Case Study Between Jardin And Gardenvista

  • November 9, 2021
  • 9 min read
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Sean

Sean has a writing experience of 3 years and is currently with Stacked Homes focused on general property research, helping to pen articles focused on condos. In his free time, he enjoys photography and coffee tasting.

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caseyaff
caseyaff

Jardin is a terrible property. Its long and narrow, with weirdo layouts as you pointed out. It’s like the Linear in UBT road. Rather unlivable. Gardenvista isn’t great either, since it’s right next to the humongous flyover. Skip mayfair modern too, psf too high and dodgy developer. Go for Blossomvale. Best buy there.

jalan
jalan

have a friend who bought garden vista. his unit faces the huge flyover and the traffic noise is annoying if the windows are open. on top of that, it has west sun from living to bedrooms. double whammy. facilities wise, they are bit old and dated but the pool is huge and nice.

Stacked Homes
Stacked Homes

Thanks for sharing your thoughts on this!

Peter Foo
Peter Foo

I lived in one of those. My 2 cents. Jardin is a very nice development and feels much higher end than GV. The view from the rooftop swimming pool goes all the way to MBS. However, the issue is that most larger units are facing GV, with no view. The ones with a view of rifle range road are smaller (one or two bedder), which are not popular (too large for a one/two bedder). The non-loft units are located at the junction of the flyover and dunearn road and roadworks and noise have been persistent. ALL the units face the… Read more »

Stacked Homes
Stacked Homes

Wow thanks for sharing your thoughts on this Peter! Really detailed. I hope more readers would see your comment!

Concerned Buyer
Concerned Buyer

In 2003 master plan, Jardin and GV plots were actually one plot.

I believe FEO owns the freehold title of GV. If that’s really the case, then GV will definitely have issue to go enbloc in my own opinion as the “landlord” of the land to top up the lease will theoretically be FEO.

So with that in mind; this 2 plots owners are actually both FEO, so the price strategy and future of GV actually still lies with FEO as the decaying lease may be to the advantage of FEOz

xp chang
xp chang

FEO do not own the FH rights to Gardenvista. The plot is a regular 99 years plot. Jardin and Garden both sits on former YHS land. The land had a mix of freehold and lease hold plot in different locations. A private landswop deal was done to carve out a freehold portion and a leasehold portion. it makes development easier. Garden was developed by YHS before it was acquired by FEO. To find out owner of the land, you can head to SLA to buy the information for a few dollars. Especially if you want to avoid buying ‘carved out’… Read more »

Sean the writer
Sean the writer

Ever since this article has been published, price of Jardin continues to be suppressed. However, for potential tenants looking to rent an apartment in the area, most of them will choose Jardin and pay an even higher rent. This is because the units do look more Arthas then the rest. So for anyone looking for a slightly better rental yield, Jardin may be a potential choice especially since it is freehold and does not depreciates like GV or the other units nearby.

Stacked Homes
Stacked Homes

Jardin has been suppressed for quite some time now, and prices have not yet recovered since the highs of 2012/13. It could be a case that this development is considered “undervalued” since it is FH and prices have been pretty stagnant for some time while the market has picked up. It’s just a matter of whether the secondary market comes to accept that this property is priced below what it’s really worth.

Kiro
Kiro

Just a thought- given that the price of Jardin has been “oppressed” while the value of surrounding properties have been going up, is it currently at a normalised stage where the current value of Jardin reflects the true market value as compared to surrounding?
In this case, would Jardin’s value be rising in tandem with the rest of the surrounding properties or continue to be stagnant?

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