Lakeside Towers Jurong Launches Third Collective Sale Bid at S$350M Reserve Price
Lakeside Towers, a 144-unit condominium next to Jurong Lake Gardens, has been put on the market for its third collective sale attempt with a reserve price of S$350 million. The 45-year-old, 99-year leasehold development at Yuan Ching Road occupies a 14,236 sq m site that could potentially be redeveloped into about 395 apartments. Marketing agent JLL highlighted the site’s unobstructed lakefront frontage and location in the Jurong Lake District, where a major new business district is being planned.
Reserve price
PSF PPR (base plot ratio)
Potential new apartments
Lakefront frontage
Site Details and Redevelopment Potential
Completed in 1981, Lakeside Towers comprises two 20-storey residential blocks at 9G and 9H Yuan Ching Road. The development was previously marketed for collective sale in 2018 and 2023 without success. The reserve price of S$350 million translates to a land rate of about S$1,277 psf ppr based on the base gross plot ratio of about 2.36, or approximately S$1,225 psf ppr when including bonus gross floor area for balconies and an estimated land betterment charge.
Under the 2025 Master Plan, the site is zoned residential with a base gross plot ratio of 2.1. However, the Urban Redevelopment Authority has verified the site’s existing gross floor area at a higher plot ratio of about 2.36, giving it room for a bigger development. Assuming a minimum average unit size of 85 sq m, the site could yield up to 395 apartments.
Jurong Lake District Location Advantages
Nicholas Ng, head of land and collective sales at JLL Singapore, said the site’s lakefront setting and location within the Jurong Lake District set it apart from other redevelopment opportunities. The development boasts about 190 metres of unobstructed frontage along Jurong Lake Gardens, with no other residential redevelopment sites currently located next to the gardens.
The site is proximate to employment nodes including the International Business Park, Jurong industrial estates, and the upcoming mega Tuas Port, which could support rental demand for private housing in the area. The existing Lakeside MRT station is about a 10-minute walk away, while the future Cross Island Line station at Jalan Terusan, beside Jurong Lake Gardens, is expected to improve connectivity to Punggol Digital District and Changi Business Park when it becomes operational in the late 2030s.
Continued infrastructure investment and transport improvements in the Jurong Lake District are expected to underpin longer-term value appreciation. The tender for Lakeside Towers closes on Oct 1.
Frequently Asked Questions
What is the reserve price for Lakeside Towers?
The reserve price is S$350 million, translating to about S$1,277 psf ppr based on the base gross plot ratio of 2.36, or S$1,225 psf ppr including bonus GFA and land betterment charge.
How many new apartments could the site yield?
Assuming a minimum average unit size of 85 sq m, the site could be redeveloped into up to 395 apartments. The URA has verified the existing gross floor area at a plot ratio of about 2.36.
Why is Lakeside Towers considered attractive for redevelopment?
The site offers about 190 metres of unobstructed lakefront frontage along Jurong Lake Gardens, proximity to the planned Jurong Lake District business hub, and future Cross Island Line connectivity. There are no competing residential redevelopment sites next to the gardens.
When does the tender close?
The collective sale tender for Lakeside Towers closes on Oct 1, 2026.
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