{"id":14784,"date":"2018-05-07T00:21:48","date_gmt":"2018-05-06T16:21:48","guid":{"rendered":"https:\/\/www.99.co\/blog\/singapore\/?p=14784"},"modified":"2022-07-01T04:52:07","modified_gmt":"2022-06-30T20:52:07","slug":"jurong-lake-district-hsr-2019","status":"publish","type":"post","link":"https:\/\/www.99.co\/singapore\/insider\/jurong-lake-district-hsr-2019\/","title":{"rendered":"Jurong Lake District looks bright with HSR construction slated to begin 2019"},"content":{"rendered":"<div id=\"bsf_rt_marker\"><\/div><figure id=\"attachment_14779\" aria-describedby=\"caption-attachment-14779\" style=\"width: 639px\" class=\"wp-caption aligncenter\"><img decoding=\"async\" class=\"size-full wp-image-14779\" src=\"https:\/\/www.99.co\/singapore\/insider\/wp-content\/uploads\/2018\/05\/Jurong-lake-district.jpg\" alt=\"Jurong Lake District\" width=\"639\" height=\"292\" srcset=\"https:\/\/www.99.co\/singapore\/insider\/wp-content\/uploads\/2018\/05\/Jurong-lake-district.jpg 639w, https:\/\/www.99.co\/singapore\/insider\/wp-content\/uploads\/2018\/05\/Jurong-lake-district-150x69.jpg 150w\" sizes=\"(max-width: 639px) 100vw, 639px\" \/><figcaption id=\"caption-attachment-14779\" class=\"wp-caption-text\">Jurong Lake District<\/figcaption><\/figure>\n<h3><strong>High-speed rail<\/strong><\/h3>\n<p>The high-speed rail (HSR) project connecting Singapore with Kuala Lumpur is expected to deliver higher property prices and rev up commercial and retail activity in the Jurong Lake District area. The Land Transport Authority (LTA) has called for tenders for the design and construction of tunnels and associated facilities for the HSR and construction is expected to start next year.<\/p>\n<p>\u201cWe called the tenders for the design and construction of twin bored tunnels and associated facilities on April 6, and the design and construction of cut and cover tunnels leading into the Jurong East terminus on April 11,\u201d said an LTA spokesman. \u201cWe remain on track to commence the Kuala Lumpur-Singapore express service by 2026,\u201d the spokesman added.<\/p>\n<p>HSR is expected to cut travelling time from Singapore to Johor\u2019s Iskandar to just 15 minutes from station to station. The Singapore government announced in August last year that in the next few years, it is considering the sale of large land parcels in Jurong Lake District. It aims to create 100,000 new jobs and add 20,000 new homes.<\/p>\n<p>National Development Minister Lawrence Wong said at that time: \u201cWith that, we can create a critical mass of developments once the High-Speed Rail (HSR) terminus starts its operations by end-2026.\u201d<\/p>\n<h3><strong>A new growth area<\/strong><\/h3>\n<p>The blueprint for the Jurong Lake District was first unveiled in the 2008 Master Plan when the area was earmarked as a new growth area. There is now some 160 hectares of land that is yet to be developed within the 360-hectare district. More than 40 per cent of the mixed-use business area is set aside for residential purposes.<\/p>\n<p>Developments for the Jurong Lake District are centered around the Jurong East MRT station. With established businesses around the MRT station \u2013 like the International business park, IMM (a major shopping mall), along with other new shopping malls, a hospital, educational hubs, high rise offices and residential units \u2013 Jurong Lake District is looking very credible as a regional centre.<\/p>\n<h3><strong>Jurong Region Line MRT<\/strong><\/h3>\n<p>The new Jurong Region Line (JRL), Singapore\u2019s seventh MRT line, will open in three phases starting from 2026.\u00a0JRL will be 24km long with 24 stations above ground, and will connect with the North-South Line and East-West Line with interchange stations at Choa Chu Kang and Boon Lay.<\/p>\n<p>According to the URA\u2019s Masterplan, most of the developments will be centred around Jurong Gateway for a start. Jurong Gateway is also most likely to be the crown jewel in the Jurong Lake District vicinity. With a catchment consumer base of Jurong East HDB dwellers and the Lakeside village (a designated dining place) the Jurong Lake District is likely to be developed fast and find success quickly. Good tenants at Lakeside village may bring people closer to enjoying the lakeside. Lakeside village is connected via bridges to Japanese Garden and Chinese Garden, bringing lakeside enjoyment to the residents staying nearby.<\/p>\n<h3><strong>Waterfront hotels<\/strong><\/h3>\n<p>Projects along Yuan Ching Road are yet to be developed, but once this area develops with waterfront hotels, it would revitalize the area, and the Jurong Lake District could become a reality much sooner \u2013 in 5 \u2013 7 years\u2019 time.<span class=\"Apple-converted-space\">\u00a0 <\/span>Some HDB flats around Ho Ching road area in the Jurong Lake District are built in 1972, and are 42 years old and are ripe for selective en-bloc redevelopment.<\/p>\n<p>Those that are looking to buy a property in the Jurong Lake District would first need to consider if<span class=\"Apple-converted-space\">\u00a0 <\/span>you qualify for home and\/or commercial loans. You may want to seek the opinion of a <a href=\"https:\/\/www.icompareloan.com\" rel=\"nofollow\">Qualified Singapore Mortgage Broker<\/a> to find out more about loan financing options.<\/p>\n<p>Continue reading to find\u00a0<a class=\"yoast-link-suggestion__value\" href=\"https:\/\/www.99.co\/singapore\/insider\/jurong-lake-district-rental\/\" target=\"_blank\" rel=\"noopener\">Rental units around the Jurong Lake District for $3k (or less) per month<\/a>\u00a0or check out similar listings on \u00a0<a href=\"https:\/\/www.99.co\">99.co<\/a><\/p>\n<p><span style=\"font-weight: 400;\">Find the home of your dreams today at Singapore\u2019s largest <\/span><a href=\"https:\/\/www.99.co\/?utm_source=blog%20main%20site%20conversion\"><span style=\"font-weight: 400;\">property portal 99.co<\/span><\/a><span style=\"font-weight: 400;\">! <\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>High-speed rail The high-speed rail (HSR) project connecting Singapore with Kuala Lumpur is expected to deliver higher property prices and rev up commercial and retail activity in the Jurong Lake District area. The Land Transport Authority (LTA) has called for tenders for the design and construction of tunnels and associated facilities for the HSR and&hellip;<\/p>\n","protected":false},"author":17,"featured_media":55111,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_relevanssi_hide_post":"","_relevanssi_hide_content":"","_relevanssi_pin_for_all":"","_relevanssi_pin_keywords":"","_relevanssi_unpin_keywords":"","_relevanssi_related_keywords":"","_relevanssi_related_include_ids":"","_relevanssi_related_exclude_ids":"","_relevanssi_related_no_append":"","_relevanssi_related_not_related":"","_relevanssi_related_posts":"","_relevanssi_noindex_reason":"","_lmt_disableupdate":"","_lmt_disable":"","_genesis_hide_title":false,"_genesis_hide_breadcrumbs":false,"_genesis_hide_singular_image":false,"_genesis_hide_footer_widgets":false,"_genesis_custom_body_class":"","_genesis_custom_post_class":"","_genesis_layout":"","footnotes":""},"categories":[53653,57131],"tags":[54748,54747,54749],"persona":[],"class_list":{"2":"type-post","12":"entry","13":"has-post-thumbnail"},"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v25.7.1 (Yoast SEO v25.7) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Jurong Lake District looks bright with HSR construction -99.co<\/title>\n<meta name=\"description\" content=\"The Singapore government announced in August last year that in the next few years, it is considering the sale of large land parcels in Jurong Lake District. 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