{"id":6669,"date":"2016-08-08T10:39:25","date_gmt":"2016-08-08T02:39:25","guid":{"rendered":"https:\/\/www.99.co\/blog\/singapore\/?p=6669"},"modified":"2022-07-01T04:03:19","modified_gmt":"2022-06-30T20:03:19","slug":"jurong-lake-condo-battles","status":"publish","type":"post","link":"https:\/\/www.99.co\/singapore\/insider\/jurong-lake-condo-battles\/","title":{"rendered":"Jurong Lake condo battles: Which is the best to buy?"},"content":{"rendered":"
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Jurong Lake is an up-and-coming district, and we know what that means: the condos in the area are locked in a death match to determine which is the ultimate development. To find out, we pit them against one and another:<\/span><\/p>\n

Jurong Lake and its prospects<\/b><\/h3>\n

The Jurong Lake district consists of three precincts: Jurong Gateway, Lakeside, and Lakeside Gateway. You can see how creative we are with names. As part of the Urban Redevelopment Authority master plan, the Jurong Gateway precinct will be the centre of a new business hub; a sort of secondary Central Business District (CBD). In addition, it will host the High Speed Rail terminus, if we ever build that train from here to Malaysia.<\/p>\n

\"Jurong
Jurong Lake is known for its tranquility, but not for long once the re-development project starts<\/figcaption><\/figure>\n

Jurong Lake consists of some 360 hectares, and the lake in question is actually a reservoir. The Jurong Lake Garden Central (JLG Central) will be its most iconic landscape feature: an intended co-joining of two famous parks, the Chinese and Japanese garden. <\/span><\/p>\n

The project to transform Jurong Lake into a major hub was announced on 4th April 2008, and given a 10 to 15 year period to be completed. So what we’re seeing now are developers and buyers rushing into the area, in order to get a piece of what might become a prime district.<\/p>\n

Here are some of the top contenders for the best development so far:<\/span><\/p>\n

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  1. \n

    Lakefront Residences<\/b><\/b><\/span><\/h3>\n<\/li>\n<\/ol>\n

    Lakefront Residences<\/a> has one of the best locations in the Jurong Lake area. It is practically attached to the Lakeside MRT station – the pillars supporting the train tracks actually cross a part of condo grounds, and there’s a short sheltered walkway leading to it. Landlords who believe that MRT stations boost rent should be all over this one.<\/span><\/p>\n

    \"The
    The Lakefront Residences is a 99-years leasehold condominium development located at 42 \u2013 48 Lakeside Drive<\/figcaption><\/figure>\n

    In addition, Lakefront Residences<\/a> is close to the centre of the Jurong Lake district – as amenities like shopping malls, cinemas, and landscaped parks build up, it will be a convenient place to live. <\/span><\/p>\n

    This is a 99 year leasehold unit, with prices coming to around $1,354 per square foot. If you are looking for capital gains, we should warn you most of it has already been priced in.<\/span><\/p>\n

    Outstanding features:<\/b><\/p>\n