Since the Jurong Lake District announcement was made in 2008, prices of properties in the West region have been on a upward trend over the last 10 years. With enhanced and improved infrastructure, rental price have also increased. With the Jurong Regional Line and Cross-Island Line added to existing MRT network, it better connects residents in the West Region to North-East and East Region. Daintree Residence with an average transacted price of $1600-$1700psf is considered the most affordable new launch condo in the Rest of Core Central Region (RCR). With limited land supply and increased in construction costs, buyers have taken action and many units were sold during the circuit-breaker and is still selling every week. Future Jurong Lake District which is Singapore’s second CBD, is likely to create more than 300,000 jobs with government agencies and reputable companies like BCA, LTA, Daimler, either have moved or have plans to move there. Jurong Lake Gardens will also have a integrated tourism development.

Source: The Business Times

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