Singapore’s newest condo in the western suburbs, to become launched for purchase at the begining of November 2010, will be known as The Lakefront Residences.
It’s a lakefront condo – because you can get to become “lakefront” in Singapore, that’s. Meaning it’s separated in the parks around Jurong Lake by Yuan Ching Road in addition to a plot of empty land (that could well result in eventually house another high-rise). Actually, this project already blocks the river views from the Caspian condo, that continues to be created to its west.
Possibly that’s the reason the developer, Keppel Land, has cleverly made the decision to produce internal ‘lakes’ and water views to echo the river district theme this project is made around, in addition to shape the entire development like a ‘C’ which should allow a good quantity of units to still enjoy views from the lake, should another development arise nearby.
Good reasons to Consider Lakefront Residences
Its closeness towards the lake, and also the joys of lakeside living, isn’t this lakefront condo’s only feature. It’s another positive point – especially where practical Singaporeans are worried: the trunk gate of Lakefront Residences is simply a couple of steps from Lakeside MRT station.
Now this is a big positive point, especially where potential tenants are worried. Many potential tenants are expatriates, who balk at the expense of purchasing a vehicle here. (It’s possible to easily cost you about USD$70,000 or even more.) Furthermore, most of them are just here for a few years approximately. They travel light too – so the truth that units at Lakefront Residences do not have a great deal of space for storage shouldn’t be a problem.
Beware the very fact, though, the units listed here are pretty small. From your investor’s perspective however, a smaller sized unit means a lesser total purchase cost. Potential tenants, who pay rent per sq . ft ., also needs to benefit.
Ease of access
For a lot of, what matters more may be the closeness for an MRT station. From Lakeside MRT, it is a bare 25 minutes ride into the city. It’s better still should you work on Jurong Gateway, the brand new major regional business district that’s slated to shoot up over the following ten to fifteen years. That might be only 5 minute train ride lower.
Having the ability to maintain your workplace (and residential again) within fifteen minutes of departing you, without battling congested zones for any hour each way, is indeed a luxury. There’s a great deal that you can do by having an extra hour . 5 every day – catch the breezes at Jurong Lake, or relax by the pool, or perhaps, Singaporeans that we’re, provide the children extra tutoring!
Jurong Lake District
At this time, the Jurong Lake area continues to be just a little sleepy, having a charming relaxed feel into it. Yuan Ching Road meanders lower free airline side of Jurong Lake, lined with tall fir trees on sides, offering glimpses water and strollers and joggers interspersed underneath the trees.
However with the Jurong Lake District redevelopment which includes Jurong Gateway business precinct, along with the new Lakeside redevelopment, it is possibly the following ‘happening’ place. In the event that happens, Lakefront Residences may well be a good possibility to obtain a toehold into this area.
For additional about this Singapore lakefront condo, in addition to info on the Jurong Lake District, see Lakefront Residences.
The writer has 3 decades practical knowledge within the Singapore construction industry, and it is the website owner of the Singapore Property website which supplies potential real estate investors and homebuyers with more information about new condominiums along with other property launches in Singapore.
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