Property developer MCL Land placed the leading bid of $338.12 million or $630.13 psf for the newest site at Jurong West Street 41 (Parcel B). The price bid is 21% higher than the price of nine bidders, this outcome present the confidence of MCL Land from its experience in launching condo projects such as Lakeville and J Gateway in the past years.
MCL Land inspired to win the Jurong West site in order to assure its market position in the area. The 696-unit Lakeville Condominium placed more of bigger families while the coming Lake Grande expected to put up 600 residential apartments with more units of 1 and 2 bedrooms for smaller families.
With the forthcoming transformation of the Jurong Lake District and the future Singapore-Malaysia high-speed rail system terminus in the area, the Lake Grande will be the next strongest commercial hub that provides convenience and good access to all parts of the country.
Lake Grande
