Lakepoint Condominium

Overview

Unit Info

Sales

Rental

Surrounding

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Overview

Unit Info

Sales

Rental

Surrounding

More

Sale Price *

Average
S$ 909 psf
Range
S$ 839 - 973 psf

Rental Price **

Average
S$ 2.2 psf pm
Range
S$ 1.0 - 4.3 psf pm

Rental Yield **

2.9%

Rental income expressed as a percentage of the property's value.

Amenities

3.1
3.1

Convenience

4.2
4.2

Connectivity

Details

No Data

*Based on URA sales data in the last 12 months. Otherwise, based on latest transaction. May not be representative.

**Based on URA rental data in the last 12 months. Otherwise, based on latest transaction. May not be representative.

Facilities
0 Facilities Available
Description
Lakepoint Condominium is a leasehold (99 yrs from 1983) condominium. The development occupies a land area of 52,238 sqm and a Gross Floor Area of 73,132 sqm. It consists of 304 units. According to records, buyers of this development are Singaporean 71.2%, PR 20.4%, Foreigner 7.7%, Company 0.7%.

LAKEPOINT CONDOMINIUM is located along Lakepoint Drive in Jurong West, in District 22. It is accessible through the nearest MRTs including Lakeside EW26 and Boon Lay EW27. The nearest schools are YUAN CHING SECONDARY SCHOOL and LAKESIDE PRIMARY SCHOOL.

Based on transaction data in the last 12 months, sale prices range from S$ 839 psf to S$ 973 psf at an average of S$ 909 psf. Its highest recorded transaction was S$ 973 psf in Oct 2022 for a 915-sqft unit. Its lowest recorded transaction was S$ 164 psf in Jan 2005 for a 3,261-sqft unit. Its current rental yield is at 2.9%.

Other nearby amenities include: 3 Childcare Centre(s): BRIGHT JUNIORS PTE. LTD., MY FIRST SKOOL, MY WORLD PRESCHOOL LTD., and 3 Grocerie(s): NTUC FAIRPRICE CO-OPERATIVE LTD, NTUC FAIRPRICE CO-OPERATIVE LTD, LOCH GROCER PTE. LTD., and 3 Kindergarten(s): Jurong Calvary Kindergarten, Jurong Christian Church Kindergarten, PCF SPARKLETOTS PRESCHOOL @ TAMAN JURONG Blk 352 (KN), and 2 Shopping Mall(s): TAMAN JURONG SHOPPING CENTRE, BOON LAY SHOPPING CENTRE.

Buyers and tenants are attracted to District 22, which is comprised of Lakeside, Jurong, Boon Lay and Tuas. This district is densely populated with many industrial buildings, but it also has residential estates and landscaped parks. Jurong is Singapore’s industrial area, where its large working population is housed in a mix of old and new housing estates in Boon Lay, Taman Jurong and Hong Kah areas. Due to its rapid development, Jurong has recently been known as the second "Orchard Road" of Singapore, with four shopping malls within walking distance from Jurong East MRT Station. Jurong is also home to the International Business Park, widely labelled as Singapore's second Central Business District. Some present landmarks here are Science Centre Singapore and IMM Shopping Mall. Boon Lay is home to many factories and some old factories are under plans for redevelopment for transformation to modern high-density factories. Tuas is an area completely dedicated to heavy industries where heavy machineries and equipment is manufactured, as well as the production of chemicals and electronics.

With a land area of 25,500ha, the West Region is the largest of the five regions in Singapore. Jurong East is the regional centre of the region, while Jurong West is the most populous town in the region. A large number of Singapore's heavy industry companies are concentrated in the West Region. These are mainly petrochemical companies, comprising of international players such as BP, ExxonMobil, DuPont, Mitsui Chemicals and Shell. The West Region is also at the forefront of the government's industrial development efforts. The government plans to develop the Jurong Lake District and Jurong Innovation District into the second Central Business District (CBD) area in Singapore. Additionally, the Tuas Mega Port, upon completion in the 2040s, is anticipated to be the world's single largest container port with an annual capacity of 65 million TEUs.
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What they say
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1
"Impatient and useless man at the management office, who can't even help with booking the BBQ pit. He's probably the manager, who just stands around, and needs to be replaced ASAP. The lady who's working there sorted the booking in the end. Otherwise, a nice big but old condo."
A*** Z****
Google Review     |   13 Jun 2022
3
"Spacious condo loft units. Has gone through 3 attempts to en bloc but to no avail. A lot of elderly folks living here. Peaceful place. The common facilities are quaint and it looks like it could be better with good maintenance. Theres a link way going to the Lakeside MRT. Just walking distance to Canada International School."
A*** L*****
Google Review     |   30 Dec 2021
3
"Should opt for En Bloc.. just a review from me.. no hard feelings."
M*** I**** I*****
Google Review     |   18 Mar 2021
4
"Lake point condo is very old condo compare to lake front, lake point and lake shore condo"
K***** K*********
Google Review     |   16 Nov 2021
5
"Very nice"
V****** T**
Google Review     |   19 Feb 2022
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Floor Plans
No Data
Size Distribution
Note: Estimated when over 70% of the unit sizes are known, may differ from actual unit size distribution.
Unit Mix

Sales Transaction of LAKEPOINT CONDOMINIUM (Limited to 10)

Unit Search
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Date
Area(sqft)
Bedrooms
Price(S$ psf)
Price (S$)
Type of Sale
Address
Type of Area
Purchaser Address
Source

Developer's Selling Prices

Note: Based on developer's monthly submission to URA

Source: URA, https://www.edgeprop.sg

Developer's Sales

Note: Based on developer's monthly submission to URA

Source: URA, https://www.edgeprop.sg

Price Trends

Volume Trends

No Data
Rental Transactions of LAKEPOINT CONDOMINIUM
There are 0 more transactions. You could see them all with unit number if you are a Pro User. Click to learn more.

Lease Start
Unit Size (Sqft)
Monthly Rent (S$)
Bedrooms
Monthly Rent (Est. S$ psf)
Street
Type
Source

Rental Trends

Average Rental Yield Analysis
*Based on transactions and rents in the past 6 months.
Unit Size (sqft)
Average Monthly Rent (S$)
Rental Contracts
Average Price (S$)
Transactions
Rental Yield (%)
Historical Quarterly Rental

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Nearby Land Sales

Status
Street NameLocationLand AttributesEstimated Breakeven
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Listings

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Property News

Lakepoint Condominium launched for collective sale for $640 mil

Property News

Lakepoint Condo tender closes with bids below reserve price, enters private treaty

Property News

Lakepoint Condominium relaunched for collective sale at $640 mil

Property News

Collective sale tender for Lakepoint Condo closes without bids, enters private treaty

FAQs about LAKEPOINT CONDOMINIUM

What is the nearest MRT Station to LAKEPOINT CONDOMINIUM ?
The nearest MRT Station from LAKEPOINT CONDOMINIUM is Lakeside EW26 MRT

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