Jurongs rise boosts condo sales

PropertyGuru

19 May 2015 at 10:48 pm

The housing market in the vicinity of Jurong Gateway is expected to heat up in the coming months after recent news on the upcoming terminus for the much-anticipated Singapore-Kuala Lumpur high speed rail (HSR) project, revealed Knight Frank and reported in the media.

Given the bullish projection, developers will likely launch more units at residential projects close to the terminus site at the current Jurong Country Club, the consultancy said.

New units are expected to be rolled out in projects situated within the vicinity of the terminus, as developers look to capitalise on the positive developments in the area, noted the report.

These include Waterfront @ Faber with 30 yet-to-be released units and Lakeville with 246 unlaunched units. Both developments are about two kilometres from the future HSR terminus.

Romesh Navaratnarajah, Singapore Editor at PropertyGuru, edited this story. To contact him about this or other stories email romesh@propertyguru.com.sg

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