Caspian

Caspian is a leasehold (99 yrs from 2008) condominium completed in 2012. It is developed by YISHUN LAND PTE LTD. The development occupies a land area of 22,001 sqm and a Gross Floor Area of 77,012 sqm. It consists of 712 units. According to records, buyers of this development are Singaporean 80.3%, PR 14.3%, Foreigner 5.1%, Company 0.2%.

CASPIAN is located along Lakeside Drive in Jurong West, in District 22. It is accessible through the nearest MRTs including Lakeside EW26 and Boon Lay EW27.

Based on transaction data in the last 12 months, sale prices range from S$ 1,262 psf to S$ 1,535 psf at an average of S$ 1,439 psf. Its highest recorded transaction was S$ 1,535 psf in Jul 2023 for a 1,206-sqft unit. Its lowest recorded transaction was S$ 465 psf in Mar 2009 for a 1,485-sqft unit. Its current rental yield is at 3.9%. Other nearby amenities include: 3 Grocerie(s): NTUC FAIRPRICE CO-OPERATIVE LTD, LOCH GROCER PTE. LTD., NTUC FAIRPRICE CO-OPERATIVE LTD, and 2 Shopping Mall(s): BOON LAY SHOPPING CENTRE, TAMAN JURONG 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.