Re: Jurong ppty
Location selling points:
Jurong Lake District:
Jurong Gateway (Largest commercial hub in the West, similar to Changi Biz Park)
500,000 sqm of commercial space
250,000 sqm of retail and entertainment
Office, retail, hotel, etc
Lakeside Leisure (Sort of like a giant park connector linking all the major landmarks in
Lakeside and Jurong East)
Jurong is one of the largest planning areas in Singapore with >200k people
Only 5% of residential units in Jurong are condos, 1% are landed, rest are HDB
Huge pool of tenants from 2nd biggest General Hospital in Singapore
1st-mover advantage - First condo in Jurong East
Only 14,000 or more homes will be built around Jurong East MRT (2 more small plots of land)
Land was sold at $705 psf ppr -> $1500+/- psf at launch
Lakeside condos transacting at $1400+ psf
Trillinq transacted >$1500 psf
Unit types available for own stay or investment, doesn't matter
Compare J Gateway with Urban Vista in terms of transportation and tenant pool - no malls or development in Tanah Merah
Resort World has acquired part of the land in Jurong, signifying their belief in the area
Cathay Cineleisure moving into JEM with 10 screens
Big international brands are moving into Jurong - a first in the suburbs
MND signed 30-year lease with Capitaland for JEM
New Science Centre shifting to Chinese Gardens
General Info:
Full condo facilities
Total No. of units: 738 units
Sky bridge linking all condo blocks on 24th and 35th floor
Sky Terrace on 35th floor
3-level basement parking confirmed, 80% provision (591 lots)
Landscaping features on 11th, 17th and 24th storeys of condo blocks
Sheltered walkway all the way to MRT
Whole site is elevated 5m from the road
First floors of suite blocks are elevated 9m from the ground
2nd floor of suite blocks overlook MRT platform
Three facings:
- Chinese Garden
- Japanese Garden
- HDB
SOHO type :
1 block of 20 storey
1st & top floors - 4m ceiling
Typical floors - 3.6/3.85m ceiling
Unit Mix: 240 units
1br - slightly