This new lakefront condo, Lakefront Residences, ought to be a good investment option due to its location in the upcoming Jurong Lake District. So what is that about?
The Jurong Lake District (JLD) is a government masterplan to transform Jurong into a unique lakeside destination for both business & leisure within the next 10 to 15 years.
. Comprises two complementary precincts: Jurong Gateway and Lakeside
. Potential development area of 360 hectares or the size of Marina Bay
. Involves building new waterways, 2800 hotel rooms, Lakeside Village
. Served by three MRT stations and two major expressways
JURONG LAKE DISTRICT MASTERPLAN (click image to see larger view)
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Jurong Gateway
. 70 hectares of land. Nearly 2.5 times the size of Tampines Regional Center.
. Major regional business center expected to attract billions of dollars in investment & many MNCs.
. 500,000 sq m of new high rise offices
. 250,000 sq m of retail, hotels, food & beverage, entertainment
. Includes an Olympic-size ice-skating rink
. Government agencies like AVA, MND & BCA are scheduled to relocate here by 2015
. Set around Jurong East MRT station
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Lakeside
. 220 hectares of land & 70 hectares of water
. Targeted as a hang-out for young families
. Includes Lakeside Village
. New waterfront offering leisure, dining & boutique hotels amidst greenery in a lakeside setting
. Tourist attractions, parks & lush greenery complemented by water activities
. Set around the Chinese Garden and Lakeside MRT stations
. New world-class Science Centre will be built next to Chinese Garden MRT station.
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Urban planners said investors can tap into a population catchment of over one million people living in nearby housing estates, as well as leverage on around 3,000 companies already in this area. On course to be Singapore’s next Marina Bay.
Over 40,000 new jobs are expected to be created by Jurong Lake District which should increase demand for housing and raise the value of lakefront condos in the area, such as Lakefront Residences.