The revitalisation plan for the Jurong Lake District has garnered an immense amount of interest among Singaporeans. Potential investors seek to capitalise on the potential private residential investment opportunities. Confirmation of the High Speed Rail Network (HSRN) to be in the Jurong has elevated the status of Jurong to be one of the premier towns in Singapore where the mix of work, recreation, green spaces and transportation hub can be found in a single location. We are witnessing some of the existing and upcoming private residential developments that could potentially be a draw for investors seeking to establish a foothold in the region.
Covering 70 ha around the Jurong MRT station, Jurong Gateway will be the biggest commercial hub outside the city, providing 500,000 sqm of office space with a unique lakeside setting. Given its proximity to the IBP (International Business Park), research and educational institutions, and industrial estates, Jurong Gateway will be an attractive business address outside the city for company headquarters, companies in the science and technology sectors, and business services.
Jurong lake district is undergoing amazing transformation
Lake Grande Jurong: In its April 2008 Master Plan for Singapore, the URA (Urban Redevelopment Authority) announced a blueprint to transform Jurong East and the Jurong Lake area into a unique lakeside destination for business and leisure over the next 10 to 15 years, making it the “CBD of the West”. This western CBD (Central Business District), called the Jurong Lake District, would comprise 2 precincts: Jurong Gateway and Lakeside. It would cover an area of 360ha (about the size of Marina Bay), making it the largest commercial centre outside the Raffles Place CBD.