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1700 new private homes, commercial offices, retail spaces will be added in new Jurong Lake District site

Posted by admin on June 22, 2023
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The government launched a new land for tender near the Jurong East Mrt Station on 22nd June. The white site that is situated at the Jurong Lake District measures 6.5ha is divided into 3 plots of land.

It is to be sold to one master developer to plan and execute a mix of office space, private condominiums and other amenities. 

The plans include to have a potential of 1700 residential homes and 146,000 sqm of commercial office space, a gross floor area of 73,000 sqm for shops and restaurants entertainment, hotels and community uses or addition of more offices.

Requirement for the successful tenderer

As part of the 1st phase of the development, the successful developer will be required to build 70,000 sqm gross floor area of office space and 600 private housing units. It will have the flexibility to reduce the remaining supply according to market demand.

The three plots of land will link to the existing commercial centre at the Jurong East Mrt interchange station as well as to a new precinct and to the upcoming Jurong Lake District station of the Cross Island Line according to the Urban Redevelopment Authority(URA).

This public tender will move Jurong Lake District to the next phase. The transformation of Jurong to be Singapore’s largest business district outside of the city centre is being developed progressively.

Plans for Jurong to become the second central business district started back in 2008. Since then, the area surrounding Jurong East Mrt station has had new shopping malls, hospitals and commercial offices has sprouted in the last 10 years.

In the next new phase, a new 120 ha precinct located south of Jurong Town Hall and extending towards Jurong Lake will be gradually redeveloped. The white site is the first plot to be available for tender.

Master developer required to plan entire site

The Urban Redevelopment Authority (URA) said that as the master developer who successfully bids for the plot, they are required to comprehensively master plan the entire site. With a white zone, developers will be more flexible to plan for new development concepts as well as building typologies. 

The first such master development site was the 3.55ha Marina Bay Financial District. Jurong Lake District will be the biggest yet with a 6.5ha which is as big as 12 football fields. 

The 3 land plots will be developed in phases. The first land plot is a vacant lot located at Old Jurong Country Club. This plot is available for development from now. The second plot is where the the existing bus interchange is at. It will be available from 2028 to 2029 onwards. The third plot is where the Jurong Region Line is being constructed. This will be available from June 2026. 

The URA said that the developer should adopt district level urban solutions so as to integrate the various uses. A district cooling system and and district pneumatic waste conveyancing system allows for a more efficient supply of chilled water and of waste disposal at a district level allowing it to be more sustainable. 

 

jurong lake district new white site
Source: URA STRAITS TIMES GRAPHIC

Jurong Lake District Master plan

The Jurong Lake District is planned to be a model sustainable district. It will also encourage a car lite transport and having 2 more train lines (The Jurong Regional Line and Cross Island Line) connecting it to the rest of the island. 

By year 2028 the Jurong Region Line station will be completed beside Jurong East Mrt station. 

“The government will accommodate the development momentum at Jurong Lake District by releasing land sites for sale, with supply carefully paced taking into consideration economic and market conditions,” the URA added.

The public tender is under the confirmed list for the 1H2023 and will close at 12p, on Mar 26 2024. 

Exciting new happenings in the west.

While the news of the new land site launched for tender excites many, some analyst offered different perspectives.

Mr Lam Chern woon, head of research and consulting at Edmun Tie described the development of the site as a “Game Changer”. As it transforms the Jurong Lake District by revitalising and catalysing business and tourism activities. 

He expected high interest for new private condominium as the area has not seen any new launch since the 100 percent sell out of J-Gateway. 

Ms Tay Huey Ying of JLL noted that given the large scale and a timeline of 10-15years of commitment, the bidding pool is expected to be limited to “experienced developers with deep pockets and who will likely form consortiums. 

She also added that the long term potential of the Jurong Lake District is positively optimistic. The short term ongoing infrastructural works building the mrt lines will  rise challenges when attracting office tenants/owners to the location. 

However for people who are looking to buy into Jurong Lake District can also look into the current new launches that are being launched this year. Projects such as The Lakegarden Residences by Wing Tai that is due to launch on 22nd July of 2022. This project is situated directly doorstep to the Jurong Lake Gardens with serene and beautiful views of the gardens and water.

Also the highly anticipated Jden condo will also likely to be launched this year. Jden condominium by Capitaland is located opposite the new site. 

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