Lakeside Towers En Bloc Sale 2026 Success This Time?

After two unsuccessful attempts, the Jurong lakefront condominium returns with a S$350 million collective sale. Can changing market conditions finally help secure a buyer?

Lakeside Towers is once again making headlines as owners of the long-standing condominium launch their third collective sale attempt with a reserve price of S$350 million.

Situated beside the scenic Jurong Lake Gardens, the 45-year-old development presents one of the few remaining lakefront residential redevelopment opportunities in western Singapore.

Completed in 1981, Lakeside Towers consists of 144 residential units spread across two 20 storey residential blocks along Yuan Ching Road.

The development was previously launched for collective sale in 2018 and again in 2023, making this its third attempt to secure a buyer.

The latest collective sale comes at a time when the Jurong Lake District is evolving into Singapore’s largest business district outside the Central Business District.

With major transport upgrades, growing employment hubs, and continued government investment in the region, many industry observers will be watching closely to see whether this latest tender attracts stronger developer interest.

One of the biggest attractions of Lakeside Towers is its location directly beside Jurong Lake Gardens.

The development enjoys approximately 190 metres of unobstructed frontage overlooking the popular park, making it a distinctive site among residential redevelopment opportunities currently available in Singapore.

Lakefront residential sites are becoming increasingly scarce, especially within mature estates that already offer established amenities, transport links, and recreational spaces.

This unique combination could make the site particularly attractive to developers seeking to create a premium residential project.

Nearly 400 New Homes Could Rise on the Site

The redevelopment potential of Lakeside Towers is another reason the collective sale is attracting attention.

According to the marketing agent, the existing site could potentially accommodate about 395 new apartments, assuming an average unit size of 85 square metres.

The Urban Redevelopment Authority has verified the site’s existing gross floor area at an approximate plot ratio of 2.36, which is higher than the base gross plot ratio of 2.1 under the 2025 Master Plan.

This provides developers with greater flexibility when planning a future residential project.

The location of Lakeside Towers extends beyond its attractive lake views. The condominium sits within the Jurong Lake District, an area earmarked for significant commercial, residential, and lifestyle development.

As Singapore continues expanding this major business hub, improved connectivity and infrastructure are expected to strengthen the long-term appeal of nearby residential properties.

Several nearby employment centres also contribute to the site’s attractiveness, including:

✨ International Business Park

🏭 Jurong industrial estates

🚢 The upcoming Tuas Port

These employment nodes are expected to support sustained housing demand from professionals working in western Singapore.

Improved Transport Connectivity Adds Future Value

Future transport improvements are also expected to boost the area’s appeal.

The planned Jalan Terusan Cross Island Line station, located near Jurong Lake Gardens, is anticipated to provide faster and more convenient journeys to major business hubs, including Punggol Digital District and Changi Business Park, when services commence in the late 2030s.

Current residents also benefit from the existing Lakeside MRT station, which is approximately a ten minute walk from the development.

Several factors make Lakeside Towers stand out among current collective sale opportunities.

⭐ Rare residential site beside Jurong Lake Gardens

⭐ Potential redevelopment into approximately 395 apartments

⭐ Verified higher plot ratio allowing greater development flexibility

⭐ Strong long term growth outlook within the Jurong Lake District

⭐ Close proximity to business parks, industrial estates, and future transport infrastructure

Together, these characteristics could make the site appealing for developers seeking to deliver a modern residential project in one of Singapore’s fastest evolving regions.

For prospective homebuyers, the redevelopment of Lakeside Towers could eventually introduce a new generation of modern homes overlooking Jurong Lake Gardens.

Such opportunities remain relatively uncommon due to the limited availability of large lakefront residential sites.

Property investors may also be paying attention to the continued transformation of the Jurong Lake District.

As new infrastructure, employment centres, and lifestyle amenities are introduced, demand for homes in the surrounding area could continue to strengthen over the longer term.

While future market performance cannot be guaranteed, the location continues to benefit from significant public investment and urban renewal initiatives.

What Existing Owners Should Know

The collective sale tender for Lakeside Towers is scheduled to close on 1 October.

Should a successful buyer emerge, the redevelopment process would move into its next stage, subject to the relevant approvals and procedures associated with collective sales in Singapore.

Status: Open for Collective Sale (Third Attempt)

💰 Reserve Price: S$350 Million

📜 Tenure: 99 Year Leasehold

📐 Land Size: Approximately 14,236.1 sq m (153,236 sq ft)

🏢 Total Units: 144

📊 Gross Plot Ratio: Base 2.1 (Existing Verified GPR: Approx. 2.36)

🏗️ Potential Gross Floor Area: Existing GFA verified at approximately 33,603 sq m (based on 2.36 plot ratio)

📍 Address: 9G & 9H Yuan Ching Road, Singapore

🚆 Nearby MRT: Lakeside MRT Station (East West Line) approximately 10-minute walk

🌿 Nearby Landmark: Jurong Lake Gardens

🗺️ District: District 22 (Jurong)

🤝 Marketing Agent: JLL Singapore

📅 Tender Close: 1 October