Lakepoint condo in Jurong relaunched for sale for $640m

The 99-year leasehold condominium will be on collective sale on 19 April.

The collective sale of Lakepoint Condominium in Jurong was relaunched on 19 April, with a reserved price retained at $640m.

In a statement, PropNex Realty announced that the 99-year leasehold development has an estimated land rate of $959 to $982 per square foot per plot ratio, inclusive of the development charge and lease top-up premium from Jurong Town Corporation.

Lakepoint Condominium is on a sprawling plot spanning 562,286 square feet and has a plot ratio of 1.4.

The condominium, zoned for residential use, can be redeveloped into 860 new condominium units, averaging 915 square feet each, which will be subjected to the planning authority’s approval.

Further, the site is conveniently located as it is about 300 metres to the Lakeside Mass Rapid Transit station on the east-west line and within walking distance to the Jurong Lake Gardens, Singapore’s new national gardens in the heartlands.

The sale will end on 8 June 2022 at 2 p.m.

Follow the link for more news on

PropNex

Lakepoint condo on sale

Also Read

One Sophia sells 30% of units at weekend launch

Turf City sites could deliver up to 800 public housing units: Huttons

Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

I want to download the media kit