>

>

>

Collective sale for Lakeside Apartments launched at $240 million

Charlene Chin

/ EdgeProp

June 14, 2018 10:30 AM SGT

propertyeditor@edgeprop.sg

propertyeditor@edgeprop.sg

Light

Dark

Ask Buddy

Condo projects with most expensive average PSF

Past Condo sale transactions

Condo projects with most profitable transactions

Past Condo rental transactions

Condo transactions with the highest profits in the past year

Condo projects with most expensive average PSF

Past Condo sale transactions

Condo projects with most profitable transactions

Past Condo rental transactions

Condo transactions with the highest profits in the past year

Owners of Lakeside Apartments have launched their 120-unit development for collective sale at the reserve price of $240 million.

The asking price reflects a land rate estimate of $1,049 psf per plot ratio (ppr). This includes the Differential Premium of $55.56 million, which covers the development charge and the lease top-up.

Under URA’s Master Plan 2014, the site is zoned “Residential” with a plot ratio of 2.1. The 134,176 sq ft site could potentially be redeveloped into a 340-unit development, with each unit measuring 754 sq ft, says Nicholas Mak, ZACD Group executive director.

The 99-year leasehold development, along Yuan Ching Road, is a 15-minute walk to Lakeside MRT station. Lakeside Apartments was completed in 1970, and is within the Jurong Lake District, poised to be the second CBD in Singapore.

The tender for the site will close on 24 July.

Stay updated with En Bloc Singapore - Latest News, Enbloc Potential, Listings & Sales in 2021

Ask Buddy

Condo projects with most expensive average PSF

Past Condo sale transactions

Condo projects with most profitable transactions

Past Condo rental transactions

Condo transactions with the highest profits in the past year

Condo projects with most expensive average PSF

Past Condo sale transactions

Condo projects with most profitable transactions

Past Condo rental transactions

Condo transactions with the highest profits in the past year

Follow Us

Property updates, 24/7.

Subscribe to Newsletter

Market insights, delivered weekly.

Top Articles

1

Frasers Property-led consortium submits top bid of $2.13 bil for Bayshore Drive mixed-use GLS site

2

Dunearn House draws 5,900 visitors over preview weekend ahead of July 25 sales launch

3

MCST puts Ridgewood Condominium four-bedder up for auction at $3.88 mil

4

Dunearn House kicks off Bukit Timah Turf City's revival with new homes priced from $1.475 mil

5

Fresh wave of conserved commercial buildings hits the market in Upper Circular Road after URA policy shift

Tags

Lakeside Apartments Jurong Lake second CBD collective sale en bloc

Search

Our Site

Follow Us

Download EdgeProp App

Property Research

Condos

HDBs

Landed

Commercial

Industrial

Properties For Sale

Properties For Rent

Edgeprop.sg (previously known as The Edge Property Singapore) is the best property portal for real estate agents, investors, home-seekers and sellers alike in Singapore. On EdgeProp, you will be able to find the latest and hottest property news, property listings, and access tools for your research and analysis.

Whether you are looking to buy, sell or rent apartments, condominiums, executive condos, HDBs, landed houses, commercial properties or industrial properties, we bring you Singapore’s most comprehensive and up-to-date property news and thousands of listings to facilitate your property decisions. Click into any listing to check out the new AI Redesign tool to envision your property based on your preferred style, be it Scandinavian, Minimalist or many others.

Make data-driven property decisions with our easy-to-use free and paid tools. The Edge Fair Value tool lets users calculate the fair value of a property, while the En Bloc Calculator helps to determine the probability of a Singapore project being put up for collective sale. Our whole new Research tool provides you data on past transactions, price trends, and more for condos, HDBs, landed houses, commercial properties and industrial properties.

Aside from that, EdgeProp also offers a market trends tracker that lets you access historical property data, sales volume and compare how similar properties are selling, a heatmap that shows you where Singapore’s most popular property sales locations are, a HDB lease tool to calculate your HDB tenure, an affordability calculator, and property alerts to track your preferred Singapore property by project or location, as well as information on new launches.

On the lookout for undervalued property or looking to rent? EdgeProp’s powerful search filters will let you personalise your property-seeking experience – whether you are looking for a property near MRT stations, amenities like schools, or within a HDB Estate or District – so that you find exactly what you are looking for.

View More

Close Ad

00:00