Pricing
The Lakefront Residences Condo Pricing
::
| Type | No. of
Units |
Unit Type Approximate Area (sq ft) |
Approx. Subsale Pricing | ||
| Patio (PES) | Typical | High Ceiling | |||
| 1 Bedroom | 69 | 600 – 710 | 484 – 506 | 517 – 527 | $1,5xx PSF |
| 2 Bedrooms | 158 | 904 – 1238 | 710 – 775 | 872 – 926 | $1,3xx – $1,4xx PSF |
| 3 Bedrooms | 255 | 1206 – 1507 | 990 – 1066 | 1152 – 1206 | $1,1xx – $1,3xx PSF |
| 3 Bedrooms + Utility | 98 | 1389 – 1711 | 1206 – 1216 | 1302 | $1,1xx – $1,3xx PSF |
| 4 Bedrooms | 32 | 1604 – 1938 | 1389 – 1421 | – | $1,0xx – $1,3xx PSF |
| 3 Bedroom Penthouse | 6 | – | 2000 – 2200 | – | SOLD OUT |
| 4 Bedroom Penthouse | 9 | – | 2000 – 2400 | – | SOLD OUT |
| 5 Bedroom Penthouse | 2 | – | 2928 – 3186 | – | SOLD OUT |
::
::
Price History & Trends
Completed in 2014, The Lakefront Residences is a 99-year leasehold condominium in District 22 with 629 units. Since its launch, median prices have grown significantly. Driven by the Jurong Lake District transformation, resale transaction prices now sit at SGD$828,000 to SGD$3.99M, representing a steady appreciation in value.
Developed by Keppel Land, The Lakefront Residences sits at 42-48 Lakeside Drive, literally steps away from Lakeside MRT station. When the project was first launched for sale, units were priced very reasonably, reflective of the Outside Central Region (OCR) benchmarks of the early 2010s. The historical low for the development was recorded at SGD$624 per square foot (psf) in December 2010 for a large 2,077-sqft unit. Over the years, prices have steadily climbed in tandem with Singapore’s broader property market and the aggressive revitalization of the Jurong area.
By the time the development received its Temporary Occupation Permit (TOP) and was completed in 2014, the average PSF for transactions had already shifted to a higher tier. The project features a diverse mix of units, ranging from 484-sqft one-bedders to expansive penthouses. The smaller, more compact layouts consistently command a higher psf, as they are highly sought after by investors and young professionals. For instance, a 721-sqft unit reached a historical psf high of SGD$1,920 in April 2026.
Current Market Today (2026)
Moving into the current market, prices show strong resilience and upward momentum. Recent resale transactions show a robust price structure, with smaller units frequently trading around $825,000 to $860,000. Meanwhile, larger configurations, such as 3-bedroom and 4-bedroom apartments spanning 990 to 1,410 sqft, have been recorded transacting between $1.45M and $2.345M. The average asking price for a 1-bedroom unit presently sits near $904,000 ($1,725) psf), which notably outpaces the broader average psf for the Boon Lay, Jurong, and Tuas areas.
Several macro and localized factors explain this upward trajectory. Most notably, the Urban Redevelopment Authority’s ambitious plan to transform the nearby area into the Jurong Lake District—Singapore’s largest commercial hub outside the Central Business District—has bolstered rental demand and capital appreciation for properties in the immediate vicinity of Lakeside MRT.
Furthermore, new launch condominiums in the surrounding area have established significantly higher price benchmarks. Newer projects average over $3,000 psf. As a result, older, established projects like Lakefront Residences provide a highly attractive value proposition for buyers and tenants seeking proximity to major transport nodes and evolving commercial hubs without paying the premium of a fresh 99-year lease.
With developer units long sold out, the development operates strictly in the resale market, where demand remains robust. The strategic positioning next to the MRT, coupled with the sweeping enhancements to the west side of Singapore, ensures that the condominium remains a highly prized asset, defying older lease decay trends through steady market-wide appreciation.
