>

Lakeside Towers going for $305 mil

By Bong Xin Ying

/ EdgeProp |

May 4, 2018 6:08 PM SGT

Join our Telegram channel and follow our Facebook for the latest update.

The 14,236 sq m (153,237 sq ft) Lakeside Towers has been launched for sale by public tender. Owners are expecting a price of $305 million, according to marketing agent Huttons Asia.

The site is zoned “residential” with an allowable GPR of 2.1. It can yield a GFA of 321,797 sq ft upon redevelopment. Developers could choose to build between 250 units and 350 units, with average sizes ranging from 860 to 1,200 sq ft.

The estimated differential premium and lease upgrading premium payments of $57 million to intensify land use and for topping up to a fresh 99-year lease translates into a land rate of $1,125 psf ppr.

The development overlooks the 90ha Jurong Lake Gardens. Strategically located in the Jurong Lake District, it is a high-growth area, notes Angela Lim, deputy head of investment sales at Huttons Asia.

The public tender will close on May 28.

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

Tags:

Follow our channels to receive property news updates 24/7 round the clock.

Subscribe to our newsletter

Top Articles

1

Sapphire Windows’ Liews: Beyond providing a room with a view

2

Keeping cool in an east-west-facing house with modern glass windows

3

Far East Shopping Centre’s $908 mil en bloc deal aborted

4

World’s largest Mercure Hotel opens on Club Street

5

Luxury living in the new heart of Bukit Timah

Our Site

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.