25 Jul '16, 3am

Lake Grande sold 436 units over the weekend - PropertyGuru Singapore

Units at Lake Grande will offer panoramic views of the Jurong Lake. (Artist’s impression) Lake Grande, MCL Land’s 710-unit condominium along Jurong West Street, saw 87 percent, or 436 of the 500 units released, sold at an average price of $1,368 psf during its launch over the weekend, reported The Straits Times . MCL Land Chief Executive Koh Teck Chuan revealed that buyers favoured smaller units, with 83 percent of the sales involving one- and two-bedroom units. Singaporeans accounted for 17 out of every 20 buyers. With units in one- to five-bedroom configurations, the 17-storey project overlooks Jurong Lake and is a few minutes’ walk from the Lakeside MRT station. Although the private residential market is showing signs of bottoming out, with prices in Q2 registering the slowest pace of decline since values began falling at end-2013, market watchers cautioned that the rob...

Full article: http://www.propertyguru.com.sg/property-management-news/2...

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