Quote:
Originally Posted by Unregistered
Property prices in the Jurong area are rising fast due to the Jurong Lake District development.
Just look at condo prices in the Centris, Caspian. The bigger units now selling at more than $1.4mil, and these are just 1200 square feet in area.
Also there is a new cluster housing development in Westwood Avenue called "The Woods". The cluster terraces there now going for more than $2.3mil and likely to go higher when they are ready, which is expected to be ready soon.
So those terraces there which is selling for $1.5m is a big bargain. Prices will climb to $1.8m - $2m and above when The Woods TOP.
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Good point. Yes from my many years of property investing, the most important thing about property is location. While it is true that many investors shun Jurong in the past, the announcement that the Jurong Lake District will be transformed into the 2nd CBD changes everything.
So not surprising why prices in Jurong are rising fast, especially the landed properties in Westwood and Corporation estates.