If you are an investor and are looking to purchase a condo, you should know that the current market for this development is very good. This is because the new project is positioned near the Jurong Lake and features unobstructed views of the lake. Additionally, it is near a MRT station.
Jurong East Central Condo
Investors will be interested in Jurong East Central Condo due to its location near the central business district and Jurong Lake District. It also provides access to the nearby MRT and major shopping centers. The building features a gym, playground and 24-hour security. Located near LakeGrande HDB township, Jurong East Central Condo is a good choice for buyers who want to be close to everything.
The area also has a good mix of schools and shopping malls. There are a few good schools within a one-km radius, including Haig Girls School. The proximity to public transport, shopping malls, and schools also makes Jurong East a desirable choice for families with children.
Jurong East MRT station
The price of Yuan Ching Road condos is likely to appreciate in the next several years. This is because there is a lot of demand for luxury properties in Jurong, and the redevelopment site is already slated to be a 24-storey luxury project with 307 condominiums with average floor areas of 915 sq ft. In addition, the project is located in the Jurong Lake District, which is expected to be the second Central Business District. Eventually, the area will be served by four major rail lines. Moreover, the development site is near the Chinese Garden MRT station and the planned science center.
Investors will also enjoy a convenient location near the central business district. The area is surrounded by good schools and excellent transport links. In addition, the development will feature a childcare center, supermarket and coffee shop.
Lake Life EC
In the West Region of Singapore, the newly launched Lake Life EC should be in good demand among investors. The development is located at the junction of Yuan Ching and Tao Ching Roads. It is close to the Fairway Golf Course and Jurong Secondary School. It is a prime location and will help keep the Jurong District bustling and attractive.
However, there are some caveats to owning an EC. First, you need to be a resident of Singapore for five years. Second, you need to be at least 35 years old to own EC. And third, there are restrictions on resale. If you want to sell your EC after five years, you can only sell it to a Singaporean, a Singapore permanent resident, or a foreigner. In addition, ECs have different selling requirements than HDBs.
There is a reason why price of Yuan Ching Road condo should see a good demand from investors. The development has a good location and unobstructed views of Jurong Lake. It is also within walking distance to the Lakeside MRT station. Developer Evia Real Estate, managed by Vincent Ong, started out marketing chocolates and soft drinks before switching over to real estate. Today, Ong balances between catering to upgraders in the executive condo segment and pursuing his REIT ambition in South Korea. He grew up on Yuan Ching Road and his family settled in Singapore from Malaysia.
The development’s owners are BBR Holdings, Evia Real Estate and CNH Investment. In addition, the Ho Lee Group has a 10% stake in the project. It comprises five 20-storey blocks and offers a view of Jurong Lake and the Fairways Country Club. The development is also located near Jurong Lake Gardens, a new development in the vicinity.