The collective sale of Lakeside Gardens Condominiums in Jurong will end on May 25, and this tender offers developers a rare opportunity to develop the area. The area is a key employment node, with a close proximity to Jurong Central Business District and educational institutions.
Jurong is a key employment node
Jurong is transforming into a new economic hub. The area will be home to new offices and housing that will attract people to the area in the coming years. It will also feature a car-lite environment with a range of amenities. In addition, the Jurong Lake District has set aside 100 hectares of land for green spaces and 17 km of waterfront areas for social activities. A new science centre is also planned for the area.
The area has an abundance of transportation options, and the Jurong East MRT station has easy access to two major lines: the North South Line and the East West Line. Additionally, Jurong East is connected to the CBD and Changi Airport by major expressways. It is also the biggest commercial hub outside the CBD, with a thriving mix of office and retail spaces.
It is an industrial district
The industrial nature of Jurong means that the condos are likely to get good demand from potential buyers. Its proximity to Lakeside MRT station and the Jurong Lake is also an important factor. The apartments are also close to local amenities, including Lakeside Primary School and Jurong Community Hospital.
The Jurong precinct is currently undergoing a massive transformation. It will eventually have a new integrated transport hub. It is slated to open in 2027. The Singapore Tourism Board has also started a request for proposals (RFP) for a tourism development in the Jurong precinct. Eventually, the area will be home to world-class amenities.
It is near educational institutions
The Lakeside Gardens condominiums at Jurong are situated near Jurong Lake, Jurong Community Hospital, Taman Jurong Market, Nanyang Technological University, and the MRT Lakeside Station. The price of these condominiums ranges from S$666 to S$869 per square foot. The development will get good demand because of its proximity to schools, educational institutions, and public amenities.
Moreover, residents will be able to enjoy a tranquil scenic view of the surrounding area. The development is expected to enjoy good capital appreciation in the future. The complex has a minimalistic design. After entering the compound through the main gate, visitors will easily find the individual homes.
It is near the Jurong Central Business District
If you’re looking for a place to live in Singapore, Lakeside Gardens Condominiums at JurONG are a good choice. The development is near Jurong Lake, which is considered Singapore’s second central business district and is expected to attract the next generation of businesses and talent. It is also near the Jurong Innovation District, which will serve as a hub for advanced manufacturing and cutting-edge research.
In addition, there is a pent-up demand for new properties in Jurong. The city is experiencing a rapid transformation and more firms will likely relocate to the area, creating an increased number of jobs. According to Tracy Goh, national research director at JLL, there is strong demand for new homes in Jurong due to the proximity to the Jurong Central Business District. In addition, the area is undergoing development and a limited number of private residential projects have launched.
It is a multi-use development
There are many benefits of living in Jurong. For one, there are many amenities nearby. Moreover, there are several shopping malls that serve the surrounding area. The location of Lakeside Apartments is also convenient, as it is near to many schools. Lastly, it is a redeveloped site, which means that demand for its units will be good.
The location is convenient for commuters as the site is located near Jurong East MRT station, which operates on the North South Line. In addition, it is close to multiple bus services. The Pan Island Expressway is also nearby, making it easy to travel to various parts of the city.
It has a reserve price of $240 million
The reserve price of $240 million in the Lakeside Gardens Condominiums at Juron is not the only reason why the development will get good demand. The development is also expected to launch a second collective tender for sale in March. The developer will also stick with the reserve price despite the collective sale committee’s recommendation to reduce it to $205 million.
With the limited supply of new private household projects in the region, Lakeside Gardens Condominiums at Juron will receive good demand. Moreover, the location is surrounded by a wide range of shopping malls. This is a good news for buyers and developers who are looking for a new place to live.