Another property within Jurong Lake District has join in the En Bloc Frenzy
Lakeside Apartments is being offered on en bloc sale with the reserve price fixed at S$240 million translating to about S$1,057 psf ppr with an estimated S$58 million added towards development charge and lease top-up.
According to marketing agents SLP international, the development charge and lease top-up numbers are subject to confirmation.
They added further that the public tender is slated to open early in June and tentatively close on 17th July.
Lakeside apartments with a land area of 134,176 sq ft is located in Yuan Ching Road in Jurong Lake District and comprises of 120 units in its twin towers.
The property enjoys residential zoning with a GPR of 2.1. The tenure of the property is 99-yr Leasehold and was built in 1970s.
According to SLP international, the site can potentially be developed to a height of 24 storeys if the authorities approve.
Recently there is another property put up for collective sale in the same area. Lakeside Towers which tender close on May 28 is neighbour of Lakeside Apartments, distance 150 m away.
Lakeside Apartments is situated at Yuan Ching Road within Jurong Lake District “Hot Zone” in District 22.
There are 3 MRT Stations within 2 km namely Jurong East MRT, Chinese Garden and Lakeside MRT being the nearest.
Many schools are located nearby such as Lakeside Primary, Jurong Secondary, Yuvabharathi International School, Fuhua Primary, Canadian International, The Japanese School and Shuqun Primary.
The condo is also close to Chinese Garden and Japanese Garden attractions.