New Launch Lake Grande, was officially launched for sales last Saturday, 23rd of July. 87% of the 500 released units were snapped out within a day, this make up to 60% of the total units within the development. The Singapore real estate market has been slowing down ever since the introduction of the property cooling measures such as the Additional Buyer Stamp Duty(ABSD). The remarkable sales volume is likely due to the massive transformation of Jurong.
Jurong was commonly known as an ‘industrial estate” to many in the past. In the recent years, due to the government’s plan to decentralise Singapore, not only is Jurong being one of the 4 regional centres in Singapore, it is also labelled as the second Central Business District of Singapore.
Besides the mega Shopping Malls and Hotel which were already constructed and operating in the Jurong Gateway Precinct, the high-speed rail which brings visitors all the way from KL to Singapore is also heading its way to Jurong. The Singapore Science Centre is also shifting few hundred metres away from its current location to make way for the future Lakeside Village. With so many vibrant and exciting activities going on in the Jurong Lake District, it is not hard to understand why Lake Grande was 60% on their first day launch.
Find out more about the transformation of Jurong from our links below now
- The Transformation of Jurong & How it Transformed Singapore I
- The Transformation of Jurong & How it Transformed Singapore II
New launches that are Coming soon