Month: October 2022

A joint venture between mainboard listed developer Chip Eng Seng and local real estate developer SingHaiYi and Park View Holdings is buying the two-decade-old Yuan Ching Road Jurong Lake District complex. The developers are purchasing a 99-year leasehold on the property.

Yuan Ching Residences

The Jurong Lake District is Singapore’s new central business district, and is located near the Lakeside MRT Station. The upcoming developments include Park View Mansions, which are being converted into mid-size condominiums. The development is expected to feature 440 units and is situated adjacent to Jurong Lake Gardens. In addition, the Jurong Lake District is also set to become Singapore’s largest out-of-the-CBD district, with the development of an integrated tourism hub right next to the lake.

The two property developers have partnered on several high-profile transactions, including the $650 million acquisition of the Peace Centre/Peace Mansion in December. The companies are also partners in the TK 189 Development, a mixed-use development that will feature 440 units, a plot ratio of 2.1, and unobstructed views of Jurong Lake.

Park View Mansions

The Park View Mansions are situated on Yuan Ching Road, next to Jurong Lake Gardens and Jurong Lake. This part of Singapore is rapidly emerging as a business district, with plans to make it the largest outside of the CBD. The Singapore Tourism Board recently announced plans to develop an integrated tourism complex next to Jurong Lake by 2022.

Park View Mansions comprises 160 units, under 99-year leasehold. It was developed by a joint venture of CEL Development, SingHaiYi Pearl and TK 189 Development. Chip Eng Seng Corporation, which is listed on the mainboard, holds a 40 percent stake in the joint venture, while SingHaiYi Group and Haiyi Holdings each own 30%. Both companies are controlled by the Tang family.

Reserve price

A marketing agent for a 120-unit residential development on Yuan Ching Road in Jurong Lake District is campaigning to cut the reserve price to S$205 million. The property currently has a reserve price of S$240 million. In order for the development to proceed, 80% of property owners must agree to the proposed reduction. A collective sale of this property is likely to go ahead in the next few months.

The site is expected to sell for S$273.9 million, a 14% premium over the reserve price. The development’s marketing agent, Tracy Goh, says the appeal of the site is its location and proximity to Jurong Lake District. The company also plans to develop a large integrated tourism development in the area.

Construction timeline

Lakefront Residences is located on Yuan Ching Road, a stretch of road fringed by tall fir trees along Jurong Lake. It offers stunning views of the lake and the upcoming Jurong Lake District, which is set to become the city’s newest leisure, commercial and residential centre. As the region’s largest mixed-use development, Jurong Lake District will serve as a test bed for new infrastructure and urban solutions. The development will feature high-quality offices and amenities, complementary recreational clusters, and abundant green spaces.

The Jurong Lake District is expected to become the second CBD of Singapore, incorporating both residential and commercial properties. By 2027, the Jurong Region Line will open, enhancing the area’s connectivity. This will also bring new jobs and investment opportunities to the area.

Health care in Jurong Lake District

The health care service providers in Jurong Lake District are not limited to the usual clinics you’ll find in other parts of the city. The area is home to several health care facilities, including the Ng Teng Fong General Hospital and Jurong Community Hospital. In addition, there are several GP (General Practitioner) practices.

In addition to the Jurong General Hospital, the Jurong Community Hospital and the Jurong General Hospital provide primary health care to the residents of the Jurong Lake District. Other important health facilities in the area include the Shu Qun Primary School, the River Valley High School, and Rulang Primary School. Additionally, the Jurong Junior College and Nanyang Technological University are located nearby.

For those who enjoy outdoor activities, a biophilic playground is located nearby. There, children can mimic the movements of various animals. The Jurong Lake area was once home to freshwater swamps.…

If you’re thinking of buying a new condo in Singapore, you’ve probably asked yourself “Why are investors attracted to Jurong New Launch Condos?” Here are a few reasons: first, early buyers get a discount on the completed product. This discount is usually around 10 percent, but it can be even higher. Secondly, prices increase as more units sell. These increases are called Price Amendments.

Amo Residence

Located near the Mayflower MRT station, the AMO Residence has a convenient location for commuters. It is also close to several education institutions, including Eunoia Junior College and Mayflower Secondary School. This location makes it ideal for families with children.

The project was developed by United Venture Development (2021) PTE. LTD., which is a joint venture of the UOL Group, the Singapore Land Group and the Kheng Leong Company. The company is backed by the Singapore and Malaysian governments, which mean that the developer is committed to making the project as good as it can. It also has zero land cost, which makes it a perfect buy for investors and homebuyers who are on a tight budget.

The new launch condos in Jurong will also be part of a mixed-use development with a 96,000-sq-ft commercial podium. Investors can purchase units that are between 657 and 1302 square feet. The development also plans to build 12 retail shops on the ground floor. The price of these units starts at S$1.31 million for a two-bedroom unit.

MCL Land group

The MCL Land group has successfully built quality homes in Malaysia and Singapore. Its projects include the Estuary, UBER 388, Este Villa, Terrasse, Palms @ Sixth Avenue and Hallmark Residences. Its other developments include Ripple Bay, LakeVille, Sol Acres, Margaret Ville and Parc Esta.

Jurong Lake District is undergoing massive development. New launch condominiums in the area are expected to yield high returns. The LakeVille condo, which is close to Jurong Lake, will feature a modern lifestyle. It is expected to be completed in early 2020. The location is ideal for home buyers who want to live close to nature. It is also expected to offer first-class amenities.

The new launch condo is located near several popular areas in Singapore, including the Queenstown MRT Station and the Orchard Road MRT station. The development will be built on a 2.2-hectare site and offer up to 615 units. This project is a joint venture between the MCL Land group and City Developments Limited, and will be near a number of major public transport interchanges.

UOL

Jurong New Launch Condos are an attractive option for investors. Compared to resale properties, they have lower maintenance costs. In addition, buyers can choose their preferred location and floor. Developers also offer various incentives and freebies to entice buyers.

Jurong Lake District is undergoing a transformation, and property investors and home buyers are looking for opportunities to tap the growth of the region. There are only a few new launches in the area in recent times, but developers are seeing an opportunity to tap the growing demand for housing in Jurong.

This site is also near the Yuhua Market and Hawker Centre, Blk 505 Jurong West Street 52 Market and Food Centre, and Boon Lay Food Village. In addition, the development also has good schools in close proximity.

Singapore Land Group

The Singapore Land Group has a vision to create a mixed-use city with a mix of residential, commercial and educational amenities. It is aiming to develop 120 hectares of land around Jurong Town Hall Road by the early 2030s, which would contribute to 20,000 new residences and 100,000 new jobs. The site would also be serviced by four major rail lines by then. In addition, the development site is nearby the Chinese Garden MRT station and the upcoming Science Centre.

The project will consist of 287 units spread over six to eight storeys. There are also plans for 12 retail shops to be located on the ground floor of the project. The price range of these units varies from S$1,190 to S$1.31 million, depending on the size and location of the unit.…