Reasons to buy Lakefront Residences

On November 3, 2010, in Lakefront Condo, by admin

There are many good reasons for investing in the Lakefront Residences.  Quite apart from the fact that a condo next to an MRT station will keep its value better through good times, and especially bad times, there are other compelling reasons as well.

Chief among them is that this lakefront condo is part of the massive makeover of the entire region around Jurong Lake, comprehensively lumped under the Jurong Lake District redevelopment scheme.

So here’s why Lakefront Residences…

Jurong Lake District
. Transformation of Jurong into a unique lakeside destination for business & leisure in 10-15 years.
. Comprising two major precincts – Jurong Gateway & Lakeside.
. Will become Singapore’s BIGGEST regional centre & its next Marina Bay.

Lakeside Condo at Jurong Lake

Jurong Gateway
. 750,000sqm of commercial space & 2,500ha of industrial land to be developed.
. Will be the major business district / commercial centre of the West.
. Government agencies such as MND, AVA and BCA are due to relocate their offices here by 2015.

Lakeside
. New waterfront offers leisure options & greenery in a lush lakeside setting.
. Lakeside dining, boutique hotels, and tourist hotspots close to Lakefront Residences.
. New World Class Science Centre + rejuvenation of the Chinese / Japanese Gardens.

Lakefront Condo Lakeside Village

Capital Appreciation Potential for Lakefront Residences
. 40,000 new jobs expected to be created from JLD will lead to increase in demand for housing.
. Lack of new developments in pipeline in near future » supply of units in vicinity is limited.
. Limited supply » increased demand » potential price appreciation.

Rental Potential
. Currently over 3000 companies in International Business Park + Jurong Industrial Estate.
. Canadian International School to open in August 2011.
. Provides steady stream of income for more conservative investors.

Amenities close to Lakefront Condos
. Well served by major shopping malls (Jurong Point, IMM, JCube).
. Close to Education Belt (major tertiary institutions such as NUS, NTU, SIM & Polytechnics).
. Property in this area sought after by locals & foreigners due to closeness to educational hub.
. Community facilities like Jurong General Hospital & Jurong Community Hospital by 2015.

Accessibility
. Lakefront Residences is next to Lakeside MRT station.
. Property next to MRT stations enjoy a premium due to convenience & better rentability.
. Well connected to major expressways (AYE, PIE).

Developer’s Track Record
. Keppel Land is one of biggest developers in Singapore.
. Very active in townships overseas such as China, Vietnam, Indonesia.
. Track record: Caribbean & Reflections @ Keppel Bay, Marina Bay Residences, Marina Bay Suites.

When Keppel first developed Caribbean @ Keppel Bay, many could not foresee its potential as it was very new then. Today, it enjoys high demand due to the rejuvenation of Harbourfront & Sentosa Island.

Same in Marina Bay, where they completed Marina Bay Residences & own many prime office buildings there.  Talent for spotting long term winners.

The fact that they want to be part of Jurong Lake District highlights the confidence they have in this location.  That makes Lakefront Residences a very promising buy.

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Buying Lakefront Residences

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Latest Update: While Lakefront Residences is completely sold out, there are other new launches coming. None around the Lakefront or Jurong area, but some in the vicinity, such as Clavon in Clementi. This will be developed by the UOL Group (which is as reputable as the Keppel Group). The Clavon condo will be within around 10 minutes walk from Clementi MRT station and town centre.

The other very interesting one, though not as close by as the Clavon, is One-North Eden. This will be built at One-North Gateway, just next door to One North Residences. It will be within walking distance from One North MRT station as well.

There has not been a new launch in this neighbourhood for many years. So One-North Eden is expected to elicit quite a fair bit of response, from all the pent-up demand. There is an element of a mixed development about it, with shops at ground level. One-North Eden is by a brand name developer too, TID Residential, a subsidiary of Hong Leong Group, that ranks on par with Keppel and UOL Group. In fact, with possibly a longer track record.

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