Updates to planning parameters on Lakepoint Condominium collective sale site

Lakepoint Condominium has a site location of 562,286 sq ft as well as is zoned for domestic usage, with a plot ratio of 1.4, under the URA Master Plan 2019. The property comprises 304 domestic devices as well as five shop devices. It rises within walking distance of the Lakeside MRT Station. The site is additionally near the Jurong Lake Area, which will be the most extensive mixed-use business district outside the city centre. There are an overall of 2,652 domestic units within a 500m span, of which 712 units are from the neighbouring Caspian.

JTC has actually additionally confirmed the project base line, which equates to an approximated land rate of $988 psf per plot ratio, inclusive of the project price and also lease top-up premium.
The book rate stays at $640 million.

URA has actually mentioned to the Lakepoint Condominium Collective Sale Committee that it is “prepared to ease off height controls for future projects on the location”, subject to problems and also comprehensive analysis upon formal preparation application, according to PropNex.

PropNex Real estate, the exclusive advertising representative of the Lakepoint Condo cumulative sale, has introduced updates to the land preparation parameters of the site in a news release on July 13, complying with URA’s reply.

The present tender is going to end July 22 at 2pm.

“We are heartened that the URA is prepared to kick back the varying elevation controls. With several of the blocks going as high as 12 and also 16 levels, this will certainly record magnificent sights of the Jurong Lake Gardens in the brand-new development,” claims Tracy Goh, head of investment and cumulative sales at PropNex.

Pollen Collection Singapore

Along the southern boundary block dealing with landed homes, URA is prepared to relax the existing five-storey level control to seven-storey for the blocks. For the north-east limit, blocks around a height of 12 storeys could be supported, provided it does not go beyond the height of the existing 12-storey block as well as a smallest problem of 10m from the typical border with Caspian condominium is implemented. URA has actually mentioned it is prepared to think about additional leisure of the structure elevation of as much as 16 storeys for the remaining blocks along the north/north-west border, based on a minimum 30m obstacle from the typical limit with Lakeholmz condo.

Lakepoint Condo, a 99-year leasehold project located on Lakepoint Drive in Jurong, was relaunched for combined sale on April 19. The earlier tender closed without proposals, and PropNex has taken part in private treaty discussions with interested parties after the tender closed.

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