The Jurong Lake District launches 6.5ha site for sale to a master developer. This site, located next to the Jurong East MRT station, is the largest available in the area and will include 1,700 residential units, 146,000 sqm of office space, and other amenities such as retail shops, restaurants, entertainment, community facilities, and hotels.
An example of a new launch project in Jurong Lake District is the upcoming J’Den !
The development is part of a 120-hectare precinct that will include offices, retail businesses, residences, and green spaces. The tender for the project is set to close on March 26 next year, and the development is expected to be a key part of Singapore’s plans to transform the Jurong Lake District into a thriving business and residential hub.
The district has been earmarked as a key growth area, and the development of the 6.5-hectare site is expected to attract significant interest from developers looking to capitalize on the area’s potential. The launch of the site is an important milestone in the development of the Jurong Lake District and is expected to generate significant economic growth and employment opportunities in the region.
Site Details of Jurong Lake District 6.5ha Launch
The 6.5ha site launched by Jurong Lake District for new homes and offices is the largest master developer site in the district. The site is expected to include retail shops, restaurants, entertainment, community facilities, and hotels, with a total estimated gross floor area (GFA) of 365,000 sqm, to be developed in multiple phases.
The first phase is set to be completed within seven years, and the tender for the master developer site will close at noon on March 26 next year, using a concept and price revenue tender approach. It is required that compelling concept proposals for sustainable mixed-use development with public spaces and amenities be submitted, with the first phase having a minimum of 70,000 sqm of office GFA, 51,000 sqm GFA for residential purposes, 700 sqm for early childhood education, 1,000 sqm supermarket, and 1,000 sqm food court.
The site is also expected to have a maximum of 166,000 sqm of residential units and 146,000 sqm of condominium units (about 1,700 units), and a minimum of 146,000 sqm GFA of offices. The Jurong Lake District development is a 120ha precinct that encompasses offices, retail businesses, residences, and green spaces.
The site launch marks the first time a plot of land from this development is put up for sale, with other sites likely to come in the future.
Master Developer Approach when Jurong Lake District Launches 6.5ha Site
Utilizing the master developer approach, this project allows for a comprehensive and cohesive urban design plan for the development of a mixed-use district. The approach entails giving master developers the freedom to create a masterplan and urban design plan for the district. This approach has been used before, with the Kampong Bugis site also set to be launched under the same approach.
Under this approach, the master developer is tasked with creating a compelling concept proposal for a sustainable mixed-use development with public spaces and amenities.
The first phase of the project is set to be completed within seven years, with a minimum of 70,000 sqm of office GFA, 51,000 sqm GFA for residential purposes, 700 sqm for early childhood education, 1,000 sqm supermarket, and 1,000 sqm food court. The total estimated GFA of the entire project is 365,000 sqm.
The approach is intended to ensure that the selected proposal aligns with the vision for the district, which is to encompass offices, retail businesses, residences, and green spaces.
The tender for the Jurong Lake District master developer site is set to close at noon on March 26 next year, using the concept and price revenue tender approach.
Tender Details
The tender process for the master developer site in Jurong East MRT station’s vicinity will utilize a concept and price revenue approach. This approach aims to ensure that the selected proposal aligns with the vision of the Jurong Lake District, which calls for a sustainable mixed-use development with public spaces and amenities.
Such a development will benefit many close by developments such as the Tengah BTO projects.
The tender for the 6.5ha site will close at noon on March 26 next year, and the winning proposal will be responsible for creating a masterplan and urban design plan for the district.
Ms Yvonne Lim, group director of physical planning at URA, emphasized the importance of the master developer sale site and the concept and price revenue approach. The goal is to attract compelling concept proposals that will meet the district’s requirements, including a minimum of 70,000 sqm of office GFA, 51,000 sqm GFA for residential purposes, 700 sqm for early childhood education, 1,000 sqm supermarket, and 1,000 sqm food court.
The total estimated GFA of the entire project is 365,000 sqm, with a maximum of 166,000 sqm of residential units and 146,000 sqm of condominium units. The tender process is expected to attract top-notch developers who will be able to deliver a world-class development that will meet the needs of the community.
