Region

Singapore’s west region is rapidly transforming into a vibrant commercial and residential district, with new developments and amenities popping up in Jurong. The Jurong Lake District is slated to become Singapore’s largest business district outside the city centre, while the transformation of JCube mall into a 40-storey residential development further cements Jurong’s status as a property hotspot.

The new residential building, which is expected to be completed in 2027, will feature commercial space on the first and second storeys. It will be located directly opposite the Jurong East MRT interchange station and connected to the nearby Westgate and IMM Building via the J-Walk, a covered elevated JCube Condo pedestrian network. It will also be linked to the upcoming Jurong East Integrated Transport Hub, which will include an air-conditioned bus interchange, a public library, a community club and a sports centre.

The Jurong Lake District development is expected to bring about 100,000 new jobs and 20,000 new homes to the area between 2040 and 2050. It is also home to Singapore’s only Olympic-size ice-skating rink, which is a training venue for national athletes from the Singapore Ice Skating Association and the Singapore Ice Hockey Association.

The new residential development is expected to be launched for sale in the second half of 2023. It is likely to attract many potential homebuyers and investors, especially those looking for a property close to amenities and transportation.

As Jurong continues to develop and transform, it is likely to become an even more attractive location for property buyers in the future. The residential building will provide a unique living experience in a bustling business district, while the nearby developments and amenities will provide residents with a wide range of recreational and leisure activities.

Jurong is fast becoming a property hotspot in Singapore’s west region, with a range of residential and commercial options for potential buyers. With its strategic location and many amenities, it is sure to be a popular choice for many in the years to come.

Jurong Residence is the latest property hotspot in Singapore’s West, and is set to join an array of exciting developments in the region. It is a 40-storey residential and commercial development in the Jurong East area, and is being developed by CapitaLand Development (CLD). The provisional permission for the development was granted by the Urban Redevelopment Authority (URA) in February 2021, and is slated for completion in 2027.

The Jurong Residence development will feature a mix of retail, office and residential units, including 1,760 private homes. It will also be connected to the nearby Jurong East MRT interchange, Westgate and IMM Building via J-Walk, an elevated pedestrian network in the Jurong Lake District (JLD). Eventually, it will be linked to the upcoming Jurong East Integrated Transport Hub, which boasts a bus interchange, public library, community club, and sports centre, among other amenities.

Property analysts are estimating a S$2,000 to S$2,100 per square foot (psf) price tag for the residential units at Jurong Residence. This is in line with recent launches in the outside of central region, and will likely boost home prices in the resale market and have a spillover effect on the Bukit Batok and Clementi areas.

Aside from offering potential homebuyers easy access to amenities and recreational facilities, Jurong Residence is set to benefit from the Singapore government’s plans to bring new businesses, recreational facilities and amenities to the JLD. The URA recently announced plans to launch a 6.8-hectare mega white site on the confirmed list of the first half of the 2021 government land sales programme.

The white site, which comprises three plots of land, will be sold to a master developer who will build up to 375,000 square metres (sq m) in gross floor area (GFA) in the next five to 10 years. This includes 1,760 private homes, 150,000 sq m of office space, and 75,000 sq m of complementary uses such as for retail, hotel or community.

Overall, Jurong Residence is set to be a great addition to the area and will offer potential homebuyers the opportunity to own a home in an up-and-coming part of Singapore. The development is expected to launch for sale in the second half of 2023, and will be an exciting new chapter for the Jurong East region.