18/09/2025
Lakeside, best side? New condo project incoming near JLD. Once in a while, a condominium project comes along and seems to tick all the right boxes. The latest development to be launched in Lakeside appears to be one such project. In a nutshell, it probably has most of the attributes sought by discerning homebuyers today - it has on-site retail offerings, it is next to an MRT station, near to a major commercial hub, is a skip from a sprawling park, and is surrounded by many schools.
The residential site in Lakeside Drive, which is located on the doorstep of Lakeside MRT station on the East-West Line can potentially yield 575 units and an estimated 1,000 sq m of commercial space. In a tender that closed on 3 June 2025, the site attracted 6 bids with a top bid of $608 million tabled by property heavyweight CDL. The top bid price works out to a land rate of $1,132 psf ppr.
It is not surprising that the site drew healthy interest among developers, in view of the strong connectivity factor, proximity to the Jurong Lake District (JLD), and possibly pent-up demand from about 9 years without a new project launch in the vicinity.
About the developer
SGX Mainboard-listed City Developments Limited is an established and reputable developer in Singapore - a trusted name behind many residential projects here, including Norwood Grand, Tembusu Grand, Piccadilly Grand, Echelon, St. Regis Residences, Gramercy Park, South Beach Residences, and Nouvel 18, among others.
Connect with us for more information in relation to District 22βs recent/upcoming projects. Visit our website: https://www.unveilingdreamproperties.sg
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