Transformation plan for the
Jurong Lake District – Is this the right time to take a closer note at private property developments around the area? Is Lakeville Condominium and Lake Grande Condominium a good investment?
Some information about Jurong Lake District transformation.
The revitalisation plan for the Jurong Lake District has garnered an immense amount of interest among residents, and potential investors seeking to capitalise on the potential private residential investment opportunities. The hint of a possible site for the High Speed Rail to be established in the Jurong are, announced by Prime Minister Lee Hsien Loong during the National Day Rally (NDR) 2014 on 17 August, has elevated the status of Jurong East 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. In this article, we examine 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.
Property buyer are expected for high potential further capital appreciationdue to the ongoing development plans for the Jurong Lake District that are set to kick start over the period of next few years, and if the hint of the possible station site for the upcoming High Speed rail Network linking Singapore and Kuala Lumpur becomes a reality. For investors with relatively high purchasing power, and looking for niche areas to capitalise on future development opportunities under the current
URA Master Plan 2014, they might want to take a closer look into the Jurong lake Districtwhere further capital appreciation opportunities can be achieved.