Wing Tai’s The LakeGarden Residences to start previews on Jul 22
Previews for The LakeGarden Residences, a new project in Jurong, will begin on Saturday, July 22. The prices will start at slightly under S$2,000 per square foot (psf). Developed by Wing Tai Holdings, the 99-year leasehold condominium spans 134,176 square feet with a gross plot ratio of 2.1. Wing Tai secured the property through a collective sale tender in May 2020, bidding S$273.9 million, a 14 percent premium over the S$240 million reserve price. This translates to a land rate of S$1,250 to S$1,260 psf per plot ratio (ppr).
The development comprises 306 units spread across two 19-storey towers. It includes four duplex penthouses, each ranging from 2,002 square feet to 2,260 square feet, with private lift access. There are also one-bedroom units, some with a study, ranging from 484 sq ft to 635 sq ft, two-bedroom units starting at 592 sq ft, three-bedroom units from 926 sq ft, four-bedroom units from 1,270 sq ft, and five-bedroom units from 1,550 sq ft. The majority of the units, around 227 of them, are designed with two to three bedrooms, catering to local owner-occupier buyers, including Housing and Development Board suburban upgraders who live or work nearby.
The LakeGarden Residences marks the first condominium launch in the area in seven years since MCL Land’s Lake Grande in 2016. The condominium resale prices in Jurong have ranged from S$703,000 to S$5.2 million in recent months.
Regarding concerns about the starting price of around S$2,000 psf, Wing Tai’s head of marketing, Stacey Ow Yeong, explained that it was influenced by the rising costs of land, construction, logistics, and financing. The vision for The LakeGarden Residences is to create a sustainable contemporary home that harmonizes with the surrounding gardens. About 30 percent of the condo’s common areas will be powered by solar energy.
Situated at 80 and 82 Yuan Ching Road, The LakeGarden Residences is strategically located within the upcoming Jurong Lake District, which is set to become Singapore’s largest business district outside the city center under URA’s decentralization strategy.
Wing Tai recently acquired the 19-unit Holland Tower for S$76.3 million and plans to redevelop it into a luxurious and iconic residential development. The LakeGarden Residences will begin sales on August 5, with the notice of vacant possession expected to be delivered in August 2027.
