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Jurong Lake District (JLD) is set to become Singapore’s largest business district outside the city centre. The recent Jurong Lake District white site GLS, which is to kickstart the next phase of JLD development, received two separate bids from a consortium of five real estate heavy hitters at the close of the tender on March 26. The consortium comprising CapitaLand Development, City Developments (CDL), Frasers Property, Mitsubishi Estate and Mitsui Fudosan (Asia) submitted two bids with different concept proposals for the Jurong Lake District white site that consists of three plots spanning 365,000 sqm.
Jurong Lake District white site can yield about 1,700 residential units, 146,000 sqm of office space, and 73,000 sqm of gross floor area (GFA) for complementary uses, such as shops, hotel, food and beverage, and entertainment businesses.
When completed progressively over the next 10 to 15 years, the JLD integrated development will be directly connected to four MRT lines – the North-South, East-West, Jurong Region and Cross Island lines. It will also link the existing commercial centre at Jurong East MRT interchange station to the future Jurong Lake District MRT station on the Cross Island Line via an elevated and underground pedestrian network so pedestrians will not need to cross any traffic junctions.
Jurong Lake District White Site New Launch
In the first phase of the white site development, Jurong Lake District new launch condo will yield approximately 600 private residential units. Other than the residential component, the master developer will be required to build at least 70,000 sqm GFA of office space, an early childhood development centre, a supermarket, and a food court.
Jurong Lake District white site new launch condo is highly anticipated. With no other private residential projects expected to launch in the area soon, there is likely pent-up demand for private homes at the site. The launch of J’den in November 2023 showed a very positive market in Jurong Lake District. Over its launch weekend, the 368-unit project on the site of the former JCube sold 88 per cent at an average price of $2,451 psf – it was the top-performing new launch of 2023.
