THE LAKEGARDEN RESIDENCES @ Yuan Ching Road

The Lakegarden Residences Developer Sale

Upcoming new condo, The Lakegarden Residences Sale, (former) Lakeside Apartments at 9E and 9F Yuan Ching Road has hit the collective sale jackpot of $273.89 million, 14 per cent above its $240 million reserve price, on its second attempt.

The 120-unit, 99-year leasehold project located near Jurong Lake Gardens and the Jurong Lake District was sold to Winville Investment, a subsidiary of Singapore-listed Wing Tai Holdings. The developer plans to turn the 12,465.4 sq m (134,177 sq ft) site into a more than 300-unit residential development with views of Jurong Lake Gardens, Chinese Garden and Japanese Garden.

The $240 million reserve price had worked out to a land rate of $1,077 per sq ft per plot ratio, including a lease top-up premium and development charge. The site has about 45 years left on its tenure.

The relatively limited supply of new private residential projects in the Lakeside area further boosted the appeal of this collective sale site, with developers anticipating healthy future demand for homes to be built on the plot. With a gross plot ratio of 2.1, the site has the potential to be redeveloped into a 24-storey residential building with 307 condominium units, averaging 915 sq ft each.

The Lakegarden Residences

✅Attractive location with views of the Jurong Lake Gardens, and its proximity to the Jurong Lake District, envisioned to be a vibrant regional commercial hub and tourist destination.

✅The relatively limited supply of new private residential projects in the Lakeside area further boosted the appeal of this site, with developers anticipating healthy future demand for homes to be built on the plot.

✅The site is located within the Jurong Lake District, earmarked as the second Central Business District. Plans to develop an integrated tourism attraction within the JLD are also under way.

✅It is a 10-minute drive to the future Jurong Innovation District, which will become the centre for advanced manufacturing and research and development.

✅Located near Lakeside MRT station, the site is also close to regional shopping malls such as Jem, Westgate, IMM and JCube, community healthcare facilities, and the Jurong East integrated transport hub, which will be completed in 2027.

Learn more on The Lakegarden Residences Developer Sale @ Yuan Ching Road District 22.