Ivory Heights is a leasehold Condominium with a 99-year lease. It was built in 1986 by the Housing & Urban Development Corporation. It is located at 124 Jurong East Street 13, Singapore in District 22. The development was privatized in June 1998, with a land area of over 825,500 sq ft. It consists of 3 high-rise tower blocks ranging from 10 to 25 storeys, and 5 blocks of low-rise walk-up 4-storey maisonette apartments. There are a total of 654 units, ranging from 1700 to 1900 sq ft.
The Government Housing and Urban Development Corporation was established by the Singapore Government to provide affordable flats with spacious interiors. In 1995, the project was transferred to the private sector.
Ivory Heights – Unique Selling Points
Ivory Heights is a mature condominium located in the heart of the Jurong Lake District, with easy access to the Jurong East Centre and MRT station. The units are spacious and offer unblocked views of Jurong Lake. The condominium has convenient access to PTE and AYE. Parking is uncovered. It is close to Chinese Garden train station and various bus services. Renowned schools and restaurants are nearby.
Daily necessities can be found at Jurong East Market and Food Centre, and there are plenty of amenities at Jurong Entertainment Centre. The residence is also near recreational gardens such as Chinese Garden, Japanese Garden, and Lake View Promenade. Jurong Golf Course and Jurong Country Club are in close proximity. Ivory Heights offers full condo facilities including a fitness corner, playground, and 24-hour security.
Ivory Heights – Accessibility
Ivory Heights is conveniently located with multiple accessibilities. It is within a short walking distance to Chinese Garden train station. Other nearby MRT stations include EW24 Jurong East MRT Station and NS1 Jurong East MRT Station. There are also several bus services available nearby. Ivory Heights is easily accessible via the Ayer Rajah Expressway.
Ivory Heights - Amenities & Attractions
Dining near Ivory Heights:
- KJM Curry House
- Aashiq Restaurant
- Beng Hiang Restaurant
- PocoLoco - Best Italian Restaurant in Singapore
- Deanna’s Kitchen Jurong East Outlet - Authentic Halal Prawn Noodles
Schools and Education Institutes near Ivory Heights:
- Fuhua Primary School
- Shuqun Secondary School
- Yuhua Primary School
- Jurong Primary
- Crest Secondary
Hospitals/Medical Centers enters near Ivory Heights:
- NUH Jurong
- St Luke's Hospital
- Ng Teng Fong General Hospital
- Jurong Community Hospital
- Khoo Teck Puat Hospital
- Mount Elizabeth Hospital
Shopping Outlets near Ivory Heights:
- Jurong East Market and Food Centre
- Giant(Jurong Gateway Road)
Ivory Heights - Project information
Ivory Heights is a leasehold development spanning over 825,500 sqft. It consists of 3 high rise tower blocks and 5 low rise walk-up apartment blocks. In total, there are 654 units ranging from 1700 to 1900 sqft.
- Project Name : Ivory Heights
- Type : Condominium
- Tenure : 99-year Leasehold
- Built Up : 1,700 sqft – 1,900 sqft
- District : 22
- Unit A 3 bed-3 bath 1,690 sqft – 1,711 sqft
- Unit B 3 bed-3 bath 1,668 sqft – 1,900 sqft
Ivory Heights - Nearby ProjectsThere are several similar developments near Ivory Heights. Some of these are:
- J Gateway
- The Lakeshore
- The Lakefront Residences
- The Centris
En bloc and Collective Sales
Ivory Heights is a former HUDC (Housing and Urban Development Company) estate which had been privatized on 1 Jun 1998. It is 1 of 22 HUDC estates in Singapore.
In 2017, Ivory Heights, a former HUDC estate located in Jurong East, was put up for a collective sale with a reserve price of approximately $1.34 billion. The marketing agent, SLP International Property Consultants, was working on securing the necessary support from 80% of the 654-apartment estate's homeowners.
However, the estate failed to achieve the minimum 80% consent by the Sep 30 deadline, preventing the launch of a public tender. This is the first mega site in recent months to fail in launching its tender. The failure can be attributed to the announcement of new cooling measures on July 6 and the postponed Kuala Lumpur-Singapore High Speed Rail project.
Vincent Ng, Chairperson of the Collective Sale Committee, stated that some residents were reluctant to proceed with the en bloc sale at the moment, despite the committee revising the reserve price to $1.68 billion.
If the sale had gone through, owners would have received between $2.5 million and $2.8 million, exceeding the initially estimated $2 million to $2.3 million. Ng expressed disappointment that they had reached 74% consent a few months ago, with 480 owners in agreement, but failed to secure consent from another 40 owners. The present Sale Committee will be dissolved, and the matter of a fresh tender rests with the residents.
Mr. Cheong mentioned that in addition to other factors, Ivory Heights faced higher land acquisition costs and potential penalties due to new cooling measures.
These measures, announced on July 6th, require developers to pay a 5% non-remissible ABSD (Additional Buyer's Stamp Duty) and a 25% remissible duty if they fail to sell all units within 5 years of acquiring the land.
Ivory Heights' failed en bloc may indicate future market trends. The Pine Grove Sale Committee is currently under pressure as their deadline to achieve 80% consent expires on October 28th. As of now, 78% of owners have agreed to the $1.72 billion reserve price.
Terence Lian, Head of Investment Sales at Huttons Asia, the marketing agents for Pine Grove, stated that the remaining 2% of residents should consider the realistic asking price to avoid a situation similar to Ivory Heights' and prevent the en bloc dream from falling through.