Introduction
The Jurong Lake District (JLD) is set to undergo a significant transformation with the recent tender closing of a 6.5-hectare Government Land Sales (GLS) site. This mega development has the potential to accommodate around 1,700 residential units, 146,000 square meters of office space, and 73,000 square meters of gross floor area for complementary uses. In this blog post, we will delve into the details of this project and explore what the future holds for JLD.
It is also home to excellent new launches such as SORA.
The Tender and Master Developer
The tender for the JLD GLS site closed on March 26, 2024, with two bids submitted by a consortium of five real estate heavy hitters: CapitaLand Development, City Developments Limited (CDL), Frasers Property, Mitsubishi Estate, and Mitsui Fudosan (Asia). This consortium holds a significant stake in the project, with CapitaLand Development, CDL, and Frasers Property each holding a 25% stake, while Mitsubishi Estate and Mitsui Fudosan (Asia) each hold a 12.5% stake[1][5].
Potential Development
The proposed integrated development in JLD is expected to be progressively completed over the next 10 to 15 years. The initial phase mandates the master developer to construct a minimum of 70,000 square meters of office space and 600 private residential units, approximately 51,000 square meters of residential gross floor area[1].
Residential Units
- Number: Approximately 1,700 residential units
- Type: Private residential units
- Phase 1: 600 units in the initial phase
Office Space
- Area: 146,000 square meters
- Phase 1: Minimum of 70,000 square meters
Complementary Uses
- Area: 73,000 square meters
- Types: Shops, hotel, food and beverage, entertainment businesses, and more
Strategic Location
The Jurong Lake District is strategically positioned in close proximity to over 3,000 multinational companies concentrated in the International Business Park, Jurong and Tuas Industrial Estates, and Tuas Port. This location offers enterprises the advantage of leveraging the talent pool drawn from nearby tertiary institutions and research hubs, including Nanyang Technological University, National University of Singapore, One-North, and the Science Parks[1][3].
Connectivity and Infrastructure
JLD benefits from excellent connectivity facilitated by two new train lines: the Jurong Region Line and the Cross Island Line. These lines are expected to be completed by 2029 and 2032, respectively. Alongside the existing East-West Line and North-South Lines, these additional rail connections ensure that individuals can reach major business centers and educational hubs in the West and Central regions within a 30-minute commute[1][3].
New Developments
- Jurong Region Line: To be completed by 2028
- Cross Island Line: To be completed by 2032
- Existing Lines: East-West Line and North-South Line
Sustainable Living
The Jurong Lake District is envisioned to be a model sustainability district, aiming to achieve net-zero emissions for new developments by 2045. The district will feature distinctive mixed-use developments with well-curated public spaces and amenities to serve the needs of the business and local communities. The commercial hub will be extended progressively and seamlessly southwards into a new 120-hectare precinct via elevated pedestrian linkages and lushly planted streets[1][4].
And J-Den is another great project too.
Sustainability Features
- Net-Zero Emissions: By 2045
- Mixed-Use Developments: Combining offices, housing, retail, hotel, entertainment, and other complementary amenities
- Public Spaces: Well-designed people-friendly public spaces and amenities
Community and Amenities
The Jurong Lake District will offer residents proximity to the revamped Jurong Lake gardens, which will encompass over 100 hectares of parks and green spaces. The gardens will feature 17 kilometers of vibrant waterfront and over 40% of the JLD will be designated for park use, green spaces, and water features. Residents can enjoy birdwatching and nature walks amidst the expansive grasslands and revitalized wetlands at Jurong Lake Gardens[1][3].
Amenities
- Jurong Lake Gardens: Over 100 hectares of parks and green spaces
- Waterfront: 17 kilometers of vibrant waterfront
- Park Use: Over 40% of JLD designated for park use, green spaces, and water features
Conclusion
The Jurong Lake District’s GLS site tender has marked a significant milestone in the transformation of this area into Singapore’s largest business district outside the city center. With its strategic location, excellent connectivity, and focus on sustainability, JLD is poised to become a hub for innovation and growth. The proposed integrated development will not only provide a diverse range of residential and commercial spaces but also enhance the quality of life for residents through its well-designed public spaces and amenities. As the project progresses, it is expected to create a harmonious blend of natural elements and urban development, setting a new standard for sustainable urban planning in Singapore.
