Jurong Lake District Development to Become Singapore’s Largest Business District with New Homes and Jobs
Jurong Lake District (JLD) is set to become Singapore’s largest business district with a major investment in new homes, businesses and job opportunities. The JLD is part of the government’s plan to transform Jurong into a second Central Business District (CBD) by 2030.
The government has recently unveiled plans to develop the Jurong Lake District into a vibrant, global business hub with the potential to create up to 100,000 jobs. This will be achieved through the development of an integrated transport hub, commercial office spaces, retail and entertainment outlets, residences, and green spaces.
The development of the JLD will be a key JCube Condo part of the government’s vision to transform Jurong from an industrial area to a global business, leisure and entertainment hub. The new district will be connected to the rest of Singapore via an extensive network of public transport, including the Jurong East MRT interchange, Westgate and IMM Building. It will also be linked to the upcoming Jurong East Integrated Transport Hub and Jurong East Bus Interchange.
A key element of the development is to create a vibrant mix of activities to attract people to the area. This includes the development of a new mall, JCube, with retail and entertainment outlets, as well as a 40-storey residential and commercial development, JCube Residence. The JLD will also feature a new hospital, community centre, sports centre and library. The government is also investing in green spaces and parks, such as the Singapore Science Centre Park, to encourage leisurely activities.
The development of the JLD will bring new job opportunities in the form of new businesses, retail and leisure outlets, and construction jobs. With the development of more commercial office space, the JLD is expected to create up to 100,000 jobs over the next decade, with more than half of these jobs in the professional services, finance, and information and communications technology (ICT) sectors.
The government is also investing in education, healthcare and community facilities in the JLD to ensure that residents have access to quality services. The government has committed to building additional childcare centres and schools, as well as expanding the existing hospital and community centre.
The JLD is expected to attract people from all walks of life, from young professionals to families, retirees and tourists. To make it an attractive destination, the government has invested in a wide range of housing options, including executive condominiums, private condominiums and terrace houses. The government is also expected to launch a 6.8-hectare white site in the first half of 2023, which will provide up to 375,000 square meters of gross floor area for 1,760 private homes, 150,000 square meters of office space, and 75,000 square meters of complementary uses such as for retail, hotel or community.
The development of the JLD marks a new era for Singapore, as the government continues to invest in new homes and businesses to create a vibrant city of the future. The JLD is expected to create new job opportunities, provide access to quality services and amenities, and attract people from all walks of life. With its strategic location, the JLD is set to become Singapore’s largest business district, with immense potential for growth and development.
The Jurong Lake District (JLD) is set to become Singapore’s largest business district, with plans to add new homes and jobs to the area. The JLD, located in the western part of Singapore, is undergoing a major transformation and is expected to be completed by 2028. The project will include new residential projects, commercial developments, and recreational spaces, as well as a new transport hub.
The project is part of the Singapore government’s plans to develop the area into a “second CBD”. The government has allocated S$400 million to the project, which will create up to 28,000 new jobs by 2028. The development is expected to boost Singapore’s GDP by S$3.7 billion.
The new Jurong Lake District will feature a number of new residential projects. These will include JCube Residence, a 40-storey mixed-use development that is due to be completed in 2027. The development will include commercial space on the first and second storeys, and is expected to be linked to the Jurong East MRT interchange, Westgate and IMM Building via J-Walk, a covered elevated pedestrian network. The development is also expected to be connected to the upcoming Jurong East Integrated Transport Hub, which will include a bus interchange, public library, community club, and sports centre.
The Jurong Lake District will also feature a 6.8-hectare white site, which will be sold to a master developer who will build up to 375,000 square metres of gross floor area in the next five to 10 years. This includes 1,760 private homes, 150,000 square metres of office space, and 75,000 square metres of complementary uses such as for retail, hotel or community. The white site is included in the first half of the 2023 government land sales programme.
The Jurong Lake District development will also include a range of other developments, such as commercial and recreational spaces, as well as a new waterfront promenade. The new promenade will provide a pedestrian-friendly environment, with jogging and cycling paths, as well as a range of amenities such as cafes and restaurants. The project will also feature a new Science Centre, which will include an iconic Science Centre Tower.
The government is also planning to launch a Jurong Innovation District in the area. The district will feature a range of tech-focused businesses and will be home to a number of start-ups and innovation-related activities. The district will also be home to a number of educational and research institutions, such as the Singapore University of Technology and Design.
The Jurong Lake District is expected to be a major draw for both locals and tourists. With the new developments, the area is expected to become one of Singapore’s most vibrant and exciting districts. The government is hoping that the new developments will help to create jobs and boost the economy.
The Jurong Lake District is set to become Singapore’s largest business district, with a range of new residential projects, commercial developments, and recreational spaces. The project is expected to create up to 28,000 new jobs by 2028 and boost Singapore’s GDP by S$3.7 billion. The district will feature a range of new developments, such as a 6.8-hectare white site, a new Science Centre, a waterfront promenade, and a Jurong Innovation District. The development is expected to attract both locals and tourists, and is set to become one of Singapore’s most vibrant and exciting districts.