The Jurong Lake District is Singapore’s largest mixed-use business district outside the city centre and its development has been nothing short of exciting. From the upcoming integrated transport hub, to the Jurong Innovation District, the future looks bright.
In addition to the recent launch of JCube Residence and other upcoming residential projects, the mega white site development will add to the excitement of living in the area. The Marina Gardens Condo white site is located at the junction of Jurong West Avenue 1 and Jurong West Street 41 and is expected to house about 1,500 residential units.
The development is expected to include a range of housing options catering to different budgets and lifestyles. It will also feature a neighbourhood centre, with amenities such as a supermarket, a food court, shops and restaurants. In addition, the development will also provide ample green spaces and recreational facilities.
This development is well connected to the rest of the Jurong Lake District, with three MRT lines passing through the area. This includes the Jurong Region Line, which will complete the circle line in 2035, and the Cross Island Line, which will further expand the public transport network.
With the white site development, the Jurong Lake District will become a vibrant and sought-after residential area. Residents will be able to JCube Condo enjoy the convenience of living in close proximity to the district’s commercial and recreational offerings.
With the increasing number of new residential launches in the Jurong Lake District, it is no wonder why it is becoming a popular choice for property buyers and investors. The district has much to offer and the white site development is sure to add to its appeal.
The new 6.8-hectare mega white site on the confirmed list of the first half of the 2023 government land sales programme further adds to the excitement over potential residential launches in the Jurong Lake District. This mega white site Marina Gardens Condo comprises three plots of land, and is set to be sold to a master developer which will build up to 375,000 square metres (sq m) in gross floor area (GFA) in the next five to 10 years. This includes 1,760 private homes, 150,000 sq m of office space, and 75,000 sq m of complementary uses such as for retail, hotel or community.
The potential new launches, including JCube Residence, will help to alleviate pent-up demand for housing in the Jurong Lake District. Property analysts are expecting the new JCube Residence to have an average selling price of S$2,100 psf and upwards, aligned with recent launch prices of the outside of central region developments. This, in addition to the new mega white site, will likely boost home prices in the resale market and possibly have a spillover effect on the Bukit Batok and Clementi areas.
The mega white site is well-placed to benefit from the government’s plans to transform Jurong Lake District into a regional centre, with new business and recreational hubs, public transport nodes, and greenery. It is also within walking distance to the upcoming Jurong East Integrated Transport Hub, which boasts a bus interchange, public library, community club and sports centre, among other amenities.
The potential new launches in the area are likely to be well-received by homebuyers and investors, who will benefit from the range of amenities and recreational facilities nearby. The potential new launches also come as a welcome development for the region, given the lack of new condo launches in recent years.
The addition of the mega white site in the Jurong Lake District adds to the excitement over potential residential launches in the area, including JCube Residence. This is likely to appeal to homebuyers and investors who are seeking affordable suburban housing, as the region is zoned for infrastructural growth and substantial transformational works. The potential new launches will help to alleviate pent-up demand for housing in the region, and will likely boost home prices in the resale market.