Knowledge
Authored by Raymond Tiah
City Developments Limited (CDL) has placed the top bid for a rare GLS site beside Lakeside MRT, beating five other developers.
This isn’t just another land sale — it’s a sign that Jurong is heating up again, with plans that could reshape the west.
Let’s explore why this matters.
It’s not just the location. It’s the timing.
No new condos have been launched in the area since 2016 — a significant gap in supply.
The site sits near Jurong Lake Gardens and the future Jurong CBD, both set to enhance liveability and demand.
With MRT access and established amenities nearby, this plot is as prime as it gets in the west.
Analysts expect prices to hit ~$2,400 psf, potentially outpacing current benchmarks:
LakeGarden Residences: ~$2,134 psf
Sora: ~$2,216 psf
This indicates strong developer confidence in the area’s long-term potential.
Jurong has long been on the radar, but this launch could be the tipping point.
Expect early demand from:
West-side upgraders eyeing proximity to family and schools
Investors betting on future transformation in the Jurong Lake District
Buyers priced out of central launches but still seeking future growth
With land supply tight and developers eyeing growth pockets, Lakeside may be the west’s next breakout district.
📩 Want to stay updated on this launch or explore opportunities nearby?
Let’s chat and plan your next move.
🔴 Follow @raytiah318 for early updates and expert breakdowns.
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