Lakeside Apartments En Bloc Sale 2022 Facebook

Lakeside Apartments En Bloc Sale 2022 – (OCR) JLD Hot Zone!

99-year Leasehold | Medium Site | Jurong Lake District | S$1,077 psf ppr | Tourist Zone

As attractive price sites with great location are scarce in the collective sale market and developers has been clamouring for months for bigger plot for their new projects, PropNex responded by launching Lakeside Apartments via public tender.

Interested parties must submit their tender bids before 2 pm on May 25, 2022

The Yuan Ching Road collective site has a land rate of S$1,077 psf ppr base on the reserve price that is set at S$240 million, this includes development charge along with lease top-up premium. If 7% balcony space is included, the land rate is $1037 psf ppr.

Lakeside Apartments, which include 120 residential units with a 99-year leasehold land tenure that began in March 1977, is located besides Jurong Lake Gardens and the Jurong Lake District.

It’s on a residential-zoned property with a total area of 12,465.4 sq m equivalent to (134,177 sq ft).

The redevelopment site, which has a gross plot ratio of 2.1, may be rebuilt into a new luxury 24-storey residential project with 307 condominium apartments averaging 915 sq ft each, this is according from PropNex.

Tracy Goh, PropNex’s head of investment and collective sales, said: “With Jurong’s rapid transformation, we can expect more businesses to relocate there, resulting in a rise in employment creation.”

We believe that the project’s capital appreciation and rental yields will continue to rise in the future.

She stated that there is a tremendous pent-up demand for new luxury homes in Jurong area due to the restricted number of private residential projects that have been launched in recent years.

Since Lake Grande new launch success in 2016, there have been no new launches in the Lakeside region.

This collective sale, according to PropNex, gives a “unique opportunity” for developers to build a landmark residential project near the Jurong Lake Gardens while also contributing to the Jurong precinct’s ongoing development.

Lakeside Apartments En Bloc Sale 2022 Instagram

Maximum of 24-Storey Luxury Residential Project Can Be Rebuilt with Unblock View

Lakeside Apartments Top View

New Condo Buyers Would Love to Own a Home Near a Lake with Stunning View All Over Jurong Area.

Jurong Lake District Recent Hot News

STB ‘s Ambitious Plan To Transform Jurong Lake District Into a Vibrant Tourism Hub and Bustling Commercial Centre

STB‘s Ambitious Plan To Transform Jurong Lake District Into a Vibrant Tourism Hub and Bustling Commercial Centre

Great news spread across the west zone of Singapore whereby Singapore Tourism Board (STB) are looking for suggestions to build and run an integrated tourism development in the Jurong Lake District.

STB stated clearly in a statement that the new lifestyle and tourism hub will include high-quality housing as well as a mix of attractions, retail, food and beverage, and entertainment services.

Technology, “edutainment,” and sustainability should all be prioritized in the development, according to STB.

It should also be well-integrated with the surrounding Jurong Lake District through a network of pedestrian-friendly streets and well-designed public spaces, the board stated, complementing existing adjacent wonderful attractions such as the new Science Centre and Jurong Lake Gardens.

Jurong Lake District – Center of Growth

In 2019, STB announced plans to develop a 6.8-hectare land near to Jurong Lake into a lifestyle and tourist center as part of the 410-hectare Jurong Lake District, Singapore’s largest commercial district outside of the CBD.

Over the next two decades, the Jurong Lake District will be the center of growth, with the government prioritizing the sale of land inside the district.

More than 120 hectares of property in the vicinity will be accessible for development over the next 30 years.

The area would provide more than 100,000 new jobs and 20,000 new residences when fully developed, according to STB, who also stated that the site will be served by four major rail lines by the early 2030s, including the North-South, East-West, Jurong Region, and Cross-Island lines.

The target tourism development site is proximity to the intersection of Jurong Town Hall Road and Boon Lay Way adjacent to the Chinese Garden MRT station and the planned new Science Centre, which will relocate from its current location in the mid-2020s.

Tender Requirements

According to the board’s tender materials, the development’s attractions should be original and unique in Southeast Asia and/or the world, particularly with a strong focus on science, media, and technology.

It was said that the attractions should not compete with the nearby Science Centre.

The hotel should appeal to a wide variety of age groups, including families with small children and active older residents, according to STB, and should set itself apart from other hotel developments in Singapore.

Base on STB predictions, the new developments should draw at least one million local and international tourists every year.

Bidders must also submit detailed plans for content update during the lease term.

According to market analyst, the request for proposals is timely, because the tourism sector is expected to grow in the coming years, with estimates putting the year 2025 as the year tourism numbers will return to pre-pandemic levels.

Many believe that target development site has the potential to become another tourist hub outside of the city center, similar to Sentosa or Mandai, due to its wide accessibility, proximity to all complementary attractions, and an existing population that will fuel & support local demand for these magnificent attractions.

New Science Centre Jurong Lake District

New Wonderful Development Science Centre Coming Up

New Excitements Around Jurong Lake District

New Excitements Promise to Thrill Everyone!

Best Place to Live in Singapore

If the Whole Place is Fully Developed, Isn’t It the Best Place to Live in Singapore!

For Developers’ Eyes Only

My Dream Condo Must Have All These Facilities

Lakeside Apartments Site has Everything That Developers Want; Stunning Views Next to Lake and Gardens with Tourism Attraction, Pent-Up Home Occupier and Investors Demand in Jurong and Perfect Timing

There is no need to remind the developers that their OCR stocks are currently very low.

Furthermore, the demand for luxury homes still continues even beyond 2022 as HDB upgraders and home hunters still snapped up most of the new launch units.

With that in mind, potential redevelopment sites that can yield most units with attractive pricing and excellent location should be their number one target.

PropNex realty understands their needs and managed to launch Lakeside Apartments site after 80% of the owners had given their consent.

In PropNex database, more and more people want to own a home near to sea side or a lake, not only that all essential amenities must be present and close to their new condo. Lakeside apartments magnificent site satisfy all their needs.

As there are no new launches within Jurong Lake District currently, new luxury condo develop here will be the dream home for everyone as it has pack with conveniences & attractions that surround the site, an array of shopping malls, dining and entertainment establishments in this vibrant business districts.

Since Lakeside apartments plot can build up to 24 storeys and no new development is going to build in front of them, the new project that the new developer build will have unblock breathtaking view.

This in turn will definitely draw new home buyers easily as this is what they are looking for. Everything they need or want is just short walk and short drive away.

Lastly, since there are many upcoming exciting developments and major changes within the Jurong Lake District, owners who bought new residential units here will only enjoy good capital appreciation as well as rental yields in years to come.

The new redevelop project not only attract the usual buyer (single, couples or foreigners), property investors might made up most of the sales.

Contact Tracy Goh now at: +65 9001 0711 or Email PropNex for more information.

Luxury Condo Buyer Dream Home

Most Condo Buyers Would Purchase the Units If Their Dream Home is Found. Luxury Condo Develop Here Easily Becomes Their No.1 Target

Property Investment

New Project Would Also Interest Property Investors Greatly as Units They Bought Will Gain Capital Appreciation Over Time. They Can Even Rent Out Their Condo Easily.

Jurong Lake District Recent New Launch Success

Lake Grande Condo MCL Land Sold Out!

Lake Grande SOLD OUT!

J Gateway MCL Land Sold Out!

J Gateway SOLD OUT!

Lakeville Condo SOLD OUT!

All New Launches Within Jurong Lake District Were Sold Out Within 5 Years

MCL Land Established Strong Presence in This Hot Zone

Since last decade, there were several successful new launch projects within Jurong Lake District that received positive sale results due to great response from the demanding home buyers.

There are few recent ones need to be mention.

J Gateway developed by MCL land with total of 738 units sold out within short period of time. All units were sold with average price between $1,450 to $1,800 psf.

MCL Land group taste another resounding success with Lakeville condo which comprise of 696 residential units and 3 commercial units and were all sold. There was a huge turn up during the launch period.

With 2 projects fully sold, home hunters turn to nearby project “Lake Grande” another MCL Land project and buyers just snapped up all the units.

All 3 new launches were sold within 5 years and most buyers commented that the breath-taking view, modern luxury facilities within the condo, exciting new developments around the Jurong Lake District are their deciding factors.

Since then, there are no new launches in this hot zone and home seekers still continue looking for their dream property.

Developers should grab this golden opportunity to redevelop Lakeside Apartments site to meet their demand.

Lakeside Apartments Site Location and Nearby Amenities

Lakeside Apartments is situated at 9E, 9F Yuan Ching Road, District 22 Outside Central Region (OCR) of Singapore.

The redevelopment site is within Jurong Lake District “Hot Zone” where there are lots of attractions, upcoming developments with tons of activities to do.

For connectivity wise, Lakeside MRT station, northwest from the enbloc site is just walking distance away. The property is also well served by major roads and expressways such as Pan Island Expressway and Ayer Rajah Expressway.

It’s important to take note that the sale property is also close to the future Jurong East integrated transport hub, which will include a bus interchange, offices, public amenities, and retail areas when it opens in 2027.

The redevelopment is surrounded by full range of amenities, these includes Ng Teng Fong General Hospital, Taman Jurong Market and Food Centre, Jurong Community Hospital, Taman Jurong Shopping Centre and many retails outlets nearby.

There are many shopping malls served the area which gave shoppers lots of options namely Jurong Point, JCube, Westgate, Jem, and IMM Singapore.

This is clearly the best redevelopment site currently in the collective sale market, in terms of its pricing, location, potential with all necessary amenities provided close to the en bloc site.

Lakeside Apartments Nearby Amenities
Lakeside Apartments Nearby Schools

Home seekers with families won’t have trouble finding schools as Lakeside Apartments site is proximity to all these schools shown below.

Young parents would like to invest their new home close to prominent schools to get best education for their children.

Thus, new condo launch here will have another distinct advantage.

  • Rulang Primary School
  • Fuhua Secondary
  • Nanyang Technological University
  • Lakeside Primary
  • Millennia Institute
  • River Valley High School
  • Canadian International School (Lakeside Campus)
  • Jurong Secondary
Nanyang Technological University Close to Lakeside Apartments

Nanyang Technological University – Probably the Most Prominent School in Jurong Area. It is Known that Crazy Parents Will Pay Top Dollars For the Condo Units Near To This Top School.

Lakeside Apartments Nearby To Library

A Library is Located Close To the En Bloc Site. One of the Young Families Requirement.

If You Have Any Enquiries

Please Contact Tracy At: +65 9001 0711

Or Email Below

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Lakeside Apartments En Bloc Sale 2022 Pinterest
Lakeside Apartments En Bloc All Details
  • Status: SOLD

  • Tenure: 99-year Leasehold

  • Land Size: 134,177 sq ft

  • Gross Floor Area: 281,771 sq ft

  • Total Units: 120

  • Gross Plot Ratio: 2.1

  • Nearest MRT: Lakeside

  • Address: 9E, 9F Yuan Ching Road

  • District: 22

  • Singapore Region: Outside Central Region (OCR)

  • Marketing Agent: PropNex Singapore

  • Reserve Price: S$240 million

  • Tender Close: May 25, 2022