How Lakeside Jurong Transformation Will Increase Price of Jurong Properties

Jurong, the second Central Business District of Singapore, is undergoing a massive transformation. There is a pent-up demand for new homes in the area. More educational facilities are also being built there. The government is taking steps to attract more tourists to the area. It is expected to be fully developed in 20 to 30 years. The redevelopment of Jurong will also create more jobs and new homes for residents.

Jurong is Singapore’s second Central Business District

The Jurong Lake District is slated to become the second CBD in Singapore and the largest commercial hub outside of the city centre. It will be anchored by a new mixed-use business district centered around the future terminus of the High-Speed Rail (HSR). The plan features charming waterways and extensive greenery.

The proposed development will take into account the needs of the surrounding area and the needs of the community. However, property analysts are cautiously optimistic about the development plans and are hoping that the area will be a success. Century 21 chief executive Ku Swee Yong said that the Jurong area will have some competition in the Woodlands area, but the overall outlook was positive.

The Jurong Lake District’s planned development features four major precincts: Jurong Gateway, the existing commercial node around the Jurong East MRT station, Lakeside East, and Lakeside West. In addition, the International Business Park is slated for redevelopment with mixed-uses over the next few years. The Jurong Lake District is a unique and convenient location for companies looking to establish a campus and/or expand their operations.

It has a strong pent-up demand for new homes

As the Jurong Lake District is set to become Singapore’s west economic hub, the demand for new homes will be high. Many government agencies are slated to move to Jurong, creating a strong pent-up demand for the region. Additionally, the new waterfront will feature leisure facilities, greenery, and a range of tourist attractions. Nearby, there are plans to build a World Class Science Centre. This will create more jobs and further fuel the demand for new homes. With limited supply, prices are likely to increase.

Despite the pent-up demand, only a few private residential projects have been launched in Jurong in the past few years. The area hasn’t seen a new launch since Lake Grande in 2016. The recent collective sale is a rare opportunity for developers. The tender closes on May 25 at 2pm.

Investors are also buying in the area. According to Frasers Centrepoint Homes executives, 20% of The Caspian buyers are investors. The government plans to turn Jurong into a leisure and commercial hub. Therefore, many people are buying in anticipation of future capital appreciation.

It is undergoing redevelopment

The redevelopment of Lakeside Jurong is expected to increase prices of Jurong properties by at least 63%. As the Jurong Lakeside district has only a limited supply of new private residential projects, there is a strong pent-up demand for new homes in this area. As of now, only a handful of private residential projects have been launched in the area, but the Parc Clematis project in Clementi has been 95% sold, which indicates the strong demand for new homes in Western Singapore. In addition, the demand for HDB upgraders in Jurong has remained strong.

The redevelopment of Lakeside Jurong will result in an urban area that rivals the size of Marina Bay, and the region will soon be the largest commercial hub outside of the downtown area. As a result, developers are already making enthusiastic bids for land in this region. In fact, when the first Jurong Gateway site went up for sale two years ago, it received six bids. The winning bidder was Lend Lease, who paid $748 million for the land – an average of $650 per square foot (psf) per plot ratio.

It will feature more educational facilities

A new Lakeside Jurong development is coming to the region. It will feature a new waterfront promenade and will offer a variety of water activities, including fishing. It will also have improved access and will feature new educational facilities. Residents and business travellers staying at nearby boutique hotels will benefit from these amenities.

The new Lakeside Jurong development will be a mixed-use area. It will also be home to a manufacturing hub and will cater to a diverse range of business needs. This will also bring jobs closer to residents. The development was included in the URA Master Plan 2008 and comprises the Jurong Gateway and Lakeside precincts. It will have a development area of 360 hectares, roughly the size of Marina Bay.

The development of Jurong will also benefit from the proximity of two universities in the area. This will provide a ready talent pool. Furthermore, the development will have 4 MRT lines by 2035, which will improve connectivity throughout the city. The new Lakeside Jurong development will also feature a park and a lake, which will enhance the liveability of the neighborhood. It will also have a Singapore Science Centre and existing Chinese and Japanese Gardens.

Tengah EC Rare Location Near to Tengah MRT Station

Tengah EC offers a unique blend of private and semi-private living. It is located close to three MRT stations and is a fraction of the price of comparable private condominiums. Tengah also has smart features that make it energy efficient and environmentally friendly. These features include smart energy management and lighting, automated waste collection, centralized cooling systems, and sustainable planning. Plus, the development preserves the natural forest nature of the area.

Located near to the Tengah MRT station, Tengah EC is a hybrid development that offers an integrated lifestyle that is convenient for residents. The residential towers will be interconnected with walkways and green spaces. The developers aim to encourage residents to live environmentally friendly lives. The development will also include an electric vehicle charging station that doubles as a mobility tool. This will ease the transition of new residents to lower carbon footprint living.

Tengah EC will feature lavish amenities, generous landscaping, and BCA Gold Plus certification for green features. The development is expected to be completed in Q3 2022 and will be the first major development to be built in Tengah since the beginning of the 20th century. The developer, City Developments Limited, is a well-established developer in Singapore, with a proven track record in residential development. The development will be the first major project to be completed in the forest town in a century.

The new development will feature 12 blocks of up to fourteen stories. It will consist of 620 EC units, and will achieve the BCA Green Mark GoldPLUS rating. Residents will have easy access to the Central Business District, as it is located near three MRT stations.

The new EC will also feature green features and active recreation. It will also offer free public transport and parking facilities. This development aims to appeal to a diverse population. If you’re looking for a new home in the city, Tengah EC is a great option.

The Copen Grand EC project is a joint venture between MCL Land and CDL. It will have 620 residential units spread across 22k sq m. It will be the first EC of its kind in the area. It will turn a sprawling site into a vibrant and attractive project.

The Tengah EC is located on Tampines Street 62, close to the Tampines MRT station. It is near many amenities and good schools. Once completed in 2020, it is expected to fetch a high price. However, buyers should be cautious as there are no listings for sale in the EC yet.

This EC has a strategic location near a major MRT station and a bus interchange. It is also close to several schools and the Jurong East Shopping Centre. Furthermore, it is located next to a future high-rise residential development. Aside from its prime location, this condominium also boasts full condominium facilities.

In addition, the Tengah EC is near the upcoming Copen Grand EC project, which is slated to be an eco-friendly town in the west. This will be a welcome addition to the EC and will help foster a sense of community and environmental responsibility among its residents. Moreover, the development will also contribute to the local economy.

Tengah EC will also be close to an upcoming MRT station. It is also located near a nature reserve, where you can enjoy the fresh air and scenic view. Besides that, it is also close to a bus interchange and a polyclinic. The EC also has 12 plots that will be reserved for educational institutions. If you’re looking to buy an EC in the future, then this is the place to be.

ECs are becoming increasingly rare in Singapore. These developments are located in prime locations with convenient access to major transportation hubs. The Bukit Batok MRT station is nearby, as is the Jurong East MRT station. In addition, it’s close to several schools and a shopping mall.

Tengah EC is priced 15 percent to 30 percent less than comparable private condominiums. First-time buyers may also qualify for a CPF Housing Grant of up to S$30,000, which may help to reduce the purchase price. In addition, the physical amenities of ECs are similar to those of private condominiums, including a gym, clubhouse, and security guard.

The main reason why Tengah EC is cheaper than private condominiums is that it is government-subsidized. The land cost is significantly lower and therefore the developer can charge less for the property. Moreover, the prices of these condominiums increase over time due to the embedded capital appreciation mechanism. Because ECs are sold at a lower price than private condominiums, they usually have lower profit margins than private condominiums.

While the price of executive condos is lower than those of comparable private condominiums, ABSD payments are still substantial. This amount is 12 per cent of the value of the condo. It can be problematic to pay ABSD upfront, particularly if you plan to sell the unit. Furthermore, you must keep in mind that you may miss the ABSD remission deadline if you decide to sell the property. As such, buying an EC would be an ideal choice for those who are looking to save on costs.

Aside from being cheaper, Tengah EC is also more convenient for buyers. The EC has a lower income limit than comparable private condos. In addition, the EC is less stressful to sell compared to a private condominium. However, buyers should note that additional Buyers Stamp Duty is payable within 14 days of the closing date, and you will need to pay it within the first three years.

The new Tengah EC will have some of the most advanced features available in a development of this type. It will feature sustainable amenities, green features, and active recreation options. It will also feature free parking and public transport. It aims to appeal to a diverse population.

The new development will have a town centre, integrated community hub, and a sports hub. All of these features will enhance the quality of life in the town and will help to reduce pollution. The new development will also have a large retail zone and be highly accessible.

The EC is located near a future MRT station and a bus terminal. It will also have a public park, cycle paths, and community farmways. It will also be near the upcoming Tengah town district. This new town centre will feature separated pedestrian roads, which will make the surrounding environment safer for walkers and cyclists. In addition, the new town centre will be car-lite, so it will be convenient for residents to travel to the city via buses. A bike rack will also be installed in the town centre for residents to use.

The development is located near the future Jurong Regional Line MRT station and three existing primary schools. The development is also near the Bukit Timah Nature Reserve, which is home to many recreational activities. To be eligible to buy a unit at Tengah EC, you must be a Singaporean and must be married. You can share your unit with up to two other people.

The EC project is being developed by two developers – MCL and CDL. It will have twelve buildings with up to fourteen storeys. Tengah EC will offer a range of EC units, from compact three-bedrooms to large five-bedroom units. The development will also be close to the Jurong Innovation District, a smart eco-town.

The Tengah EC project is one of the newest property developments in Malaysia, and it boasts several greeneries. The property also includes several amenities for recreational purposes, such as a fitness centre and swimming pool. In addition, some of the units in this project are designed with balconies overlooking greenery. The development is expected to be the first of its kind in the West.

The Tengah EC Site Plan comprises more than 6,000 units of new flats in a pristine, 80-hectare landscape. This landscape is reminiscent of a Botanic Garden, with abundant landscaping and a tranquil wooden courtyard. In addition, the development is situated near Jurong Eco-town, an innovation district.

A key selling point of this EC is the affordable prices and high-quality amenities. Residents in this area can enjoy a 20% discount on property prices compared to private condominiums. In addition, many of these units are designed with quality amenities and security in mind. The land used for development is sourced from land sales by the GLS government, which is sold to private developers at a reduced price. The lowered price translates into a lower selling price for EC buyers.

The location of Tengah EC in Tampines is an ideal location for commuters. The district is also close to the Tampines MRT station. It is also near the Singapore Expo, an exhibition venue. Moreover, the Tampines EC will be situated near the new Cross Island Line, which will connect Changi to Jurong Industrial Estate via Bukit Timah, Clementi, and the West Coast.

Tengah EC is close to the commercial centre of the city, which makes it a good location for people who work in the city. In addition, the vicinity features many retail outlets, restaurants, and a multi-purpose hall that fosters learning and socialization. It is also convenient for families, as there are numerous schools in the area.