{"id":109296,"date":"2019-07-24T11:43:02","date_gmt":"2019-07-24T04:43:02","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/lakepoint-condominium-up-for-en-bloc-sale-for-640m\/"},"modified":"2019-07-24T12:03:25","modified_gmt":"2019-07-24T05:03:25","slug":"lakepoint-condominium-up-for-en-bloc-sale-for-640m","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/lakepoint-condominium-up-for-en-bloc-sale-for-640m\/","title":{"rendered":"Lakepoint Condominium up for en bloc sale for $640m"},"content":{"rendered":"


\nLakepoint Condominium near Jurong Lake District has been put up for collective sale via public tender, carrying a reserve price of $640 million, reported The Business Times.
\nDeveloped by Jurong Town Corporation, the 36-year-old property comprises 304 residential units that range from studio units to penthouses, as well as five shop units. It is nestled on a 99-year leasehold site, which has an area of 52,238 sq m site and a plot ratio of 1.4.
\nThe development is near Jurong Innovation District, Jurong Industrial Park and Jurong Mega Port. It is a five minute-walk from Lakeside MRT station and is close to shopping malls like Westgate, JEM, IMM and JCube.
\nJoint marketing agents Strata AMC and SLP International Property Consultants noted that a pre-application feasibility study indicated that the site could support higher density development on the basis of traffic impact studies.
\n\u201cInterested developers are thus encouraged to explore an intensification of plot ratio for redevelopment of the site,\u201d they said.
\nThe property is expected to attract robust interest from established developers both locally and overseas, given its large land size. New homes around Jurong Lake District have also been limited, added the agents.
\nThe last land sale within the area was the sale of a government site at Jurong West Street 41 in March 2015. The 710-unit condominium developed on the site, Lake Grande, has since been fully sold.
\nThe tender for Lakepoint Condominium closes on 10 September.
\nLooking to buy a new condo but not sure where to start? Get insight on the best locations for your new home with our\u00a0AreaInsider\u00a0Guides.
\nFiona Ho, Digital Content Manager at PropertyGuru, edited this story. To contact her about this or other stories, email\u00a0fiona@propertyguru.com.sg
\n
\nSource : proppertyguru.com.sg\/Property Market
\nRead more…Lakepoint Condominium up for en bloc sale for 0m<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Lakepoint Condominium near Jurong Lake District has been put up for collective sale via public...<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[1],"tags":[],"class_list":["post-109296","post","type-post","status-publish","format-standard","hentry","category-property-news"],"jetpack_featured_media_url":"","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-sqQ","jetpack-related-posts":[{"id":123962,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/lakepoint-condominium-enters-private-treaty-negotiations-process\/","url_meta":{"origin":109296,"position":0},"title":"Lakepoint Condominium enters private treaty negotiations process","date":"December 24, 2021","format":false,"excerpt":"\r Located at Lakepoint Drive, the 309-unit Lakepoint Condominium, which sits on a 562,286 sq ft site, fell short of its reserve price of $640 million. Lakepoint Condominium closed its collective sales tender with offers falling short of its reserve price and has now entered the private treaty negotiation process,\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"https:\/\/i2.wp.com\/www.siamlandbank.com\/propertynews\/wp-content\/uploads\/2021\/12\/Lakepoint-2.jpg?fit=820%2C410&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":61838,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/lakepoint-condo-eyeing-en-bloc-sale-site-bigger-than-shunfu-ville\/","url_meta":{"origin":109296,"position":1},"title":"Lakepoint condo eyeing en bloc sale, site bigger than Shunfu Ville","date":"July 26, 2017","format":false,"excerpt":"\r View of the Lakepoint condominium at Lakepoint Drive. (Photo: Jianwei Huang) Owners of the ageing Lakepoint condominium near Lakeside MRT station are believed to be exploring opportunities to go en bloc in the next two years, or even earlier, according to some residents with knowledge of the matter. PropertyGuru\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":20860,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/lake-grande-sold-436-units-over-the-weekend\/","url_meta":{"origin":109296,"position":2},"title":"Lake Grande sold 436 units over the weekend","date":"July 25, 2016","format":false,"excerpt":"\r Units at Lake Grande will offer panoramic views of the Jurong Lake. (Artist\u2019s impression) Lake Grande, MCL Land\u2019s 710-unit condominium along Jurong West Street, saw 87 percent, or 436 of the 500 units released, sold at an average price of $1,368 psf during its launch over the weekend, reported\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":127017,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/government-ramps-up-confirmed-private-housing-supply-for-2h-2022-paya-lebar-air-base-site-to-be-transformed-into-heritage-district-and-more\/","url_meta":{"origin":109296,"position":3},"title":"Government ramps up confirmed private housing supply for 2H 2022, Paya Lebar Air Base site to be transformed into heritage district and more","date":"June 14, 2022","format":false,"excerpt":"\r Government ramps up confirmed private housing supply for 2H 2022, Paya Lebar Air Base site to be transformed into heritage district and more7th June to 13th June 2022 The Government has raised the supply of private housing on the Confirmed List under the Government Land Sales (GLS) programme for\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.siamlandbank.com\/propertynews\/wp-content\/uploads\/2022\/06\/singapore-prime-district.jpg?fit=820%2C410&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":89906,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/3-reasons-why-scrapping-the-hsr-project-may-be-bad-for-jurong\/","url_meta":{"origin":109296,"position":4},"title":"3 reasons why scrapping the HSR project may be bad for Jurong","date":"May 30, 2018","format":false,"excerpt":"\r Artist\u2019s impression of the HSR terminus in Jurong East. The growth prospects of Jurong\u2019s property market may have dimmed after Malaysia\u2019s new Prime Minister Dr Mahathir Mohamad on Monday (28 May) said a \u201cfinal decision\u201d was made to scrap the Kuala Lumpur-Singapore High Speed Rail (HSR) project. Both countries\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"https:\/\/i1.wp.com\/www.siamlandbank.com\/propertynews\/wp-content\/uploads\/2018\/05\/Jurong-Lake-District.jpg?fit=820%2C410&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":64126,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/park-west-owners-make-third-collective-sale-attempt\/","url_meta":{"origin":109296,"position":5},"title":"Park West owners make third collective sale attempt","date":"August 21, 2017","format":false,"excerpt":"\r Featuring a land area of 633,644 sq ft, Park West comprises 432 apartments and four shop units.\u00a0 Following two failed attempt at a collective sale in 2007 and 2011, condominium owners at Park West are hoping that their third try at an en bloc sale would be successful, reported\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/109296"}],"collection":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/comments?post=109296"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/109296\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=109296"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=109296"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=109296"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}