*Collection of interest | Pending for approval | Subject to change
JurongLake Homes, former Park View Mansion, has been sold en bloc at S$240 million to a joint-venture comprising CEL Development (40%), Sing-Haiyi Pearl (30%) and TK 189 Development (30%). The price translates to a land rate of $1,023 psf per plot ratio (psf ppr), inclusive of a differential premium payable to maximise the site’s development plot ratio of 2.1 and to top-up the existing lease to a fresh 99 years, subject to JTC and URA’s planning approval.
The joint-venture plans to redevelop this former 160-unit, a 99-year leasehold project located on Yuan Ching Road, into a residential development with up to 440 units. These units will have views overlooking the Japanese Garden and the Jurong Lake Gardens at the Jurong Lake District.
With or without the HSR (High Speed Rail), Jurong Lake District will be a spectacular location with the unique positioning of lakeside housing, commercial and retail offerings along with the proposed integrated tourism, resort and entertainment development. Jurong Lake District is also poised to be the second CBD.
Residents buying into this residential development will get to enjoy picturesque view of Jurong Lake Gardens. And, enjoy the peaceful and quiet surrounding with serene view, yet be spoilt with the conveniences this area offers.
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JurongLake Homes (former Park View Mansion) is located at Yuan Ching Road with unimpeded waterfront views of the Jurong Lake Gardens, and inside the Jurong Lake District. It sits next to Jurong Lake Gardens, near the Lakeside MRT station.
This site is well-served by the Lakeside MRT station on the East-West line, and easily accessible by major roads and Ayer Rajah Expressway (AYE) and Pan Island Expressway (PIE). Its connectivity will be further enhanced with the completion of the Jurong East Integrated Transport Hub slated for completion in 2027. This will provides seamless connection between MRT stations (East-West, North-South lines and future Jurong Region line), bus interchanges as well as offices, public facilities, and retail spaces.
Amenities close by are malls such as heartland malls such as JCube, JEM, Westgate, IMM and Jurong Point. It is also near Taman Jurong Market and Food Centre, Ng Teng Fong General Hospital and Jurong Community Hospital.
Schools in the vicinity include Lakeside Primary School, Jurong Secondary School and Nanyang Technological University.
In addition, this development is close to the Jurong Lake District (JLD). It is earmarked as Singapore’s second central business district, as well as the Jurong Innovation District industrial hub. Within a transformation area, near to prestigious tertiary education, amenities and business hub, this makes it an ideal location for both own stay or investment.
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Why JurongLake Homes?
Home with Gardens and Lake view. Former Lakeside Apartment, located right opposite Jurong Lake, Chinese Garden and Japanese Garden. Minutes to Jurong East Central where major malls are. Westgate, JEM, Jcube and IMM. Serene yet convenient, you will enjoy wide variety of options from F&B to retail to your educational needs.
With the ongoing transformation of Jurong, we will likely see more firms relocating there, driving a surge in job creation in the area. Jurong has a strong pent-up demand for new homes as there have been limited private residential project launches in recent years. This will bring great potential for investors. Buyers who buy into a unit in this location will enjoy huge pool of tenants for rental income, and enjoy potential capital gain. Ride the wave with government's development & transformation plan.
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JurongLake Homes Site Plan
JurongLake Homes Quick Facts
A brief project information for reference. More information will be updated when they are available.
DEVELOPERS: Joint-venture of CEL Development, Sing-Haiyi Pearl and TK 189 Development
DESCRIPTION: 24-storey private residential condominium
TENURE: 99-year leasehold
ADDRESS: Yuan Ching Road
SITE AREA: Approx. 191,174 sq ft
TOTAL UNITS: Up to 440 units
CARPARK LOTS: TBA
EXPECTED TOP: TBA
JurongLake Homes Floor Plans
Photos of the show gallery, perspectives and virtual tours will be available soon for your viewing.