Produced by Jurong Town Corporation, the 36-year-old property includes 304 residential units which vary from studio units to penthouses, along with five store units. It’s nestled to a 99-year leasehold website, which has a region of 52,238 sq m website along with also a plot ratio of 1.4.
The development is located close to Jurong Innovation District, Jurong Industrial Park and also Jurong Mega Port. It’s a five star minute-walk out of Lakeside MRT station and is near shopping malls such as Westgate, JEM, IMM and JCube.
Joint marketing representatives Strata AMC and SLP International Property Consultants noticed that a pre-application feasibility analysis indicated that the website could encourage higher density development on the grounds of traffic impact studies.
“Interested developers are consequently encouraged to research an intensification of plot ratio for redevelopment of the website,” they stated.
The property is anticipated to pull strong attention from recognized programmers both locally and abroad, given its substantial territory size. New homes across Jurong Lake District also have been restricted, added the brokers.
The previous land sale inside the region was that the selling of a government website in Jurong West Street 41 at March 2015. The 710-unit condo developed on the website, Lake Grande, has ever since been completely sold.