Tag Archives: lake grande condo

Lake Grande Condominium @ Jurong Lake District

Latest Update: Lake Grande is 100% sold. Nearest Launch: Copen Grand

The Lake Grande condo has been fully sold out for a while. For buyers looking for property in the west of Singapore, the next possibility is the Copen Grand EC in Tengah estate. The Copen Grand EC is also developed by MCL Land, in partnership with another equally reputable developer, CDL.

Tengah is a new HDB township that is envisioned to be a “Forest Town”. It lies in the western region of Singapore, between Choa Chu Kang and Jurong. In fact Tengah estate is just right next to Jurong and Jurong Lake District close to Lake Grande, as well as the planned Jurong Innovation District.

Copen Grand EC itself lies within the Garden District, one of the five planned districts of Tengah. The Garden District is situated next to the Park District, which is where the town centre, called The Market Place, will be located.

Hence Copen Grand EC residents will not lack for amenities, as they will be within 5 to 10 minutes walk of the Market Place and its full suite of malls, shops, supermarkets and eateries. On top of that, the Copen Grand launch is one of the rare new ECs to be within 5 minutes walk from an MRT station. In this case, the Tengah MRT station at the town centre itself.

There will be parks galore in this estate too. As well as a waterbody, likely to be called Tengah Pond. Lush greenery and a eco-friendly environment will be the other hallmarks of this estate.

The Copen Grand EC will also be the first EC to launch in the western region of Singapore in over 5 years. So a lot of pent up demand is expected.

The Lake Grande Condo . Jurong Lake . 5 Min Walk to Lakeside MRT Station

LakeGrande is a brand new condominium fronting Jurong Lake, that will launch for sale in mid 2016. Less than 5 minutes walk from Lakeside MRT Station on the East West MRT Line.

Its location on the doorstep of the Jurong Lake District, dubbed the “CBD of the West” carries a lot of growth potential, with the ongoing transformation of this area into the biggest commercial hub outside the Raffles Place Marina Bay CBD.

Artist’s Impression . Lake Grande Condo by Jurong Lake

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Lake Grande condo is being developed by MCL Land, one of the most reputable developers in Singapore and Malaysia, with a long and established track record of quality developments. Its extensive portfolio of residential projects includes Lakeville (next door to Lake Grande), J Gateway @ Jurong East MRT station, the Hallmark Residences @ Bukit Timah, Palms @ Sixth Avenue, and Uber 388 @ Bayshore.

MCL Land has a pretty solid track record in the Jurong area, of acquiring sites with good upside potential. J Gateway sold out within a day, and Lakeville has sold well too, with some unit types sold out, and limited numbers left of others.

LakeGrande is even nearer the MRT station than Lakeville. Do arrange to view Lake Grande Jurong showflat if you would like to invest, or live here.

The Lake Grande @ Jurong Lake . 350m from Lakeside MRT Station . Click to Enlarge

The Lake Grande Condominium Highlights

Summary of why the Lake Grande condo is so attractive:

Located less than 5 minutes’ walk to Lakeside MRT station, with views of Jurong Lake.

On the doorstep of the Jurong Lake District, comprising the Jurong Gateway & Lakeside Precincts – a unique business, residential and leisure hub.

2 MRT stops to Jurong Gateway – the “new CBD of the West”, spanning 70ha of land around Jurong East Central that will cover more than 500,000 sq m of office space, over 250,000 sq m of retail & entertainment space, and more than 2,800 hotel rooms in the future; providing the necessary tenant pool for investors.

LakeGrande condo is well served by shopping centres 2 MRT stations away, such as JCube, JEM, Westgate, Big Box, IMM, and Jurong Point.

Within 1km to Rulang Primary School, and less than 5 minutes walk to the Canadian International School.

Across the road from LakeGrande, the Jurong Lake Gardens offers outdoor activities & parks for sports enthusiasts and nature lovers.

A lakeside village will be developed there too, as a sprawling shopping, dining, hotel and entertainment complex.

One train stop away is the new world class Science Center, that will be sited next to Chinese Garden MRT Station.

Lake Grande condo is also just 2 MRT stations from the Singapore-KL High Speed Rail terminus, that will be located at the existing Jurong Country Club. From there in future, it will take just 90 minutes to get to Kuala Lumpur. (See report here. Opens in new window.)

Easy access to major expressways like the AYE & PIE.

LakeGrande condo is being developed by an established leading developer, MCL Land, a subsidiary of Hong Kong Land, with a proven track record of quality projects.

Lake Grande Condo . View the Video for a glimpse of the Bigger Picture

The Lake Grande Condo · Showflat Viewing · VIP Preview

Please register here if you would like to be kept updated on the Lake Grande @ Jurong Lake.

Good chance for early birds to pick a nice view, if you missed out on Lakeville next door.

Update: Lake Grande is completely sold out. Thank you for visiting.

Lake Grande Jurong | About the Jurong Lake District

Lake Grande Jurong Lake District (JLD) . All Set To Be Transformed

Lake Grande Jurong: In its April 2008 Master Plan for Singapore, the URA (Urban Redevelopment Authority) announced a blueprint to transform Jurong East and the Jurong Lake area into a unique lakeside destination for business and leisure over the next 10 to 15 years, making it the “CBD of the West”.

This western CBD (Central Business District), called the Jurong Lake District, would comprise 2 precincts: Jurong Gateway and Lakeside. It would cover an area of 360ha (about the size of Marina Bay), making it the largest commercial centre outside the Raffles Place CBD.

Lake Grande Jurong . Located in Jurong Lake District

And it would be a test bed for the “intensive smart nation initiative” – the Jurong Lake District would be created as a smart community driven by intelligence, integration and innovation.

Jurong Gateway

Covering 70 ha around the Jurong MRT station, Jurong Gateway will be the biggest commercial hub outside the city, providing 500,000 sqm of office space with a unique lakeside setting.

It will introduce a mix of office, hotel, retail, food & beverage (F&B), entertainment and other complementary spaces.

Given its proximity to the IBP (International Business Park), research and educational institutions, and industrial estates, Jurong Gateway will be an attractive business address outside the city for company headquarters, companies in the science and technology sectors, and business services.

Lakeside

Lakeside will cover over 220 ha of land and 70 ha of water at Jurong Lake, opposite Lake Grande Jurong. It is being developed into a major leisure destination. Includes a new family-friendly waterfront park and promenade, more water activities, and several attractions with a scenic lakeside setting.

The first anchor attraction is the upcoming world class Science Centre that will be relocated next to Chinese Garden MRT station. There are plans to build four to five other new edutainment attractions for the young.

A new waterway will be added to bring the lake nearer to Jurong Gateway and create a lakeside village that offers a new dining, shopping, and entertainment experience, including F&B and boutique hotels by the waterfront.

See URA website on the Jurong Lake District here (opens in new window).

Lake Grande Jurong Lake District . Current Status

Since these bold plans for the Jurong Lake District were unveiled in the 2008 Master Plan, the transformation has begun. Large shopping malls such as JEM, Westgate, Big Box and JCube have come up, and see huge crowds daily. The Genting Hotel Jurong (“Hotel in a Garden”), the Ng Teng Fong General Hospital, and the Jurong Community Hospital, are now fully operational.

All these have generated much excitement and buzz in this area, with strong interest in real-estate, including the one-day almost sell-out of J Gateway & Lake Life at their respective launches.

The Lake Grande Jurong Condo · Showflat Viewing · VIP Preview

Please register here if you would like to be kept updated on the Lake Grande @ Jurong Lake.

NEW DEVELOPER CONDO LAUNCHES

Sceneca Residence . A brand new mixed development at Bedok . Beside and directly connected to Tanah Merah MRT station . Sits on top of commercial block called Sceneca Square . Both Sceneca Residence and Sceneca Square are being developed by MCC Land and will offer shops, restaurants and cafes, childcare facilities, and a supermarket.

Lake Grande Launch

Lake Grande Launch . Land Sale Pricing

MCL Land (Vantage) won the Urban Redevelopment Authority (URA) land sale for the Lake Grande launch site with an offer price of $338.1 million. This works out to $630.13 per sq ft (psf) of gross floor area for the land alone.

Chinese developer Hao Yuan’s unit, HY Realty came in second with a $317.9 million bid, just 6.4% lower.

URA announced the results of the land tender on 11 March 2015. A total of nine developers made bids for this 99-year leasehold site at Jurong West Street 41, about 350m from Lakeside MRT station.

The “healthy” number of bidders shows there is still good demand for attractive sites, said Mr Desmond Sim, CBRE research head for Singapore and South-east Asia.

This is especially since the number of condominium sites under the Government Land Sales Programme is being reduced, he noted.

JLL’s national research director, Ong Teck Hui highlighted that the Lake Grande site has good views of Jurong Lake and is near Lakeside MRT station.

He added, “Being the developer of Lakeville, which is adjacent to the subject site, the top bidder (MCL Land) has the advantage of knowing the buying dynamics in that area better than the other bidders.”

Lake Grande Launch · Pricing Analysis

MCL Land’s winning bid for the Lake Grande site can be traced to its confidence in the Jurong property market, given its successful launch of 2 residential projects in this region in the last 2 years.

MCL’s top bid is just 3.2 per cent less than its S$651 psf ppr winning bid in 2013 for the next-door site, which it is developing into Lakeville condominium.

Assuming construction + overhead costs of around $400 PSF, break-even cost for the Lake Grande launch could be approximately $1,050 PSF, and selling price could be around $1,350 PSF.

Mr Ong Teck Hui also cited Lakeville’s estimated average price of $1,325 psf as an indication of the possible pricing for the Lake Grande launch.

Lake Grande Launch · Market Analysis

MCL Land’s CEO, Koh Teck Chuan, said: “We know the pulse of the Jurong area, its buyer profile and their purchasing power. We are very confident of Jurong, which has the strongest growth story of all the regional centres in Singapore. And of course we’re also hoping that the Singapore-Malaysia high-speed rail system terminus will be located in Jurong East – which would give a further boost to the area.” (Note: this has since been confirmed – see the Lake Grande condo HSR report.)

MCL has sold over 80% of the 696 units at Lakeville next door, at an average of $1,325 PSF (and this is after the last and most effective round of cooling measures).

Before that, MCL quickly launched and sold out nearly all its 738 units at the J Gateway launch at Jurong East MRT station, at an average $1,480 PSF, on the evening just before the TDSR cooling measures took effect.

See this link for the news report for the tender results (opens in new window).

LAKE GRANDE LAUNCH · SHOWFLAT VIEWING · VIP PREVIEW

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Update: Lake Grande condominium is sold out. Thank you for visiting.

NEW DEVELOPER LAUNCHES

Lentor Modern Condo will launch for VIP Preview and Balloting in the 2nd half of 2022 . Located in Lentor Hills Estate . Mixed development with retail space and childcare centre . Directly linked to and integrated with Lentor MRT station . Developer GuocoLand Limited, part of the Hong Leong Group