20 Jun '18, 1am

Jurong lake district en bloc property asking $240 million

Lakeside Apartments has joined the collective sale market with an asking price of $240 million two Tuesdays ago. Lakeside Apartments. Massive 134,176 sq ft side in Jurong Lake district for sale Should this sale be successful, the Jurong Lake District may be seeing even more action, even as the government executes their masterplan to develop the area into the second business district over the next few decades. Lakeside Apartments. The 120-unit Lakeside Apartments site is not a small one, measuring 134,176 sq ft with a gross plot ratio of 2.1 With the $240 million asking price, each owner stands to receive at least $2 million in payouts should the sale push through. The development consists of 2 tower blocks with 15 storeys each. It is not a freehold property, and has 58 years left to their 99-year lease. Related : New Jurong MRT line – New potential for Jurong properties? U...

Full article: https://www.iproperty.com.sg/news/jurong-lake-district-en...

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