Updates to planning parameters on Lakepoint Condominium collective sale site

Hailey Yu

13 July 2022 at 11:17 pm·2-min read

SINGAPORE (EDGEPROP) - PropNex Realty, the exclusive marketing agent of the Lakepoint Condominium collective sale, has announced updates to the land planning parameters of the site in a press release on July 13, following URA’s reply.

URA has stated to the Lakepoint Condominium Collective Sale Committee that it is “prepared to relax height controls for future developments on the site”, subject to conditions and detailed evaluation upon formal planning application, according to PropNex.

“We are heartened that the URA is prepared to relax the varying height controls. With some of the blocks going as high as 12 and 16 storeys, this will capture stunning views of the Jurong Lake Gardens in the new development,” says Tracy Goh, head of investment and collective sales at PropNex.

Lakepoint Condominium has a site area of 562,286 sq ft and is zoned for residential use, with a plot ratio of 1.4, under the URA Master Plan 2019. The development comprises 304 residential units and five shop units. It is located within walking distance of the Lakeside MRT Station. The site is also near the Jurong Lake District, which will be the largest mixed-use business district outside the city centre. There are a total of 2,652 residential units within a 500m radius, of which 712 units are from the neighbouring Caspian.

Map and overview of Lakepoint Condominium (Source: EdgeProp LandLens)

Along the southern boundary block facing landed houses, URA is prepared to relax the existing five-storey height control to seven-storey for the blocks. For the north-east boundary, blocks up to a height of 12 storeys could be supported, provided it does not exceed the height of the existing 12-storey block and a minimum setback of 10m from the common boundary with Caspian condominium is enforced. URA has stated it is prepared to consider further relaxation of the building height of up to 16 storeys for the remaining blocks along the north/north-west boundary, subject to a minimum 30m setback from the common boundary with Lakeholmz condominium.

JTC has also confirmed the development baseline, which translates to an estimated land rate of $988 psf per plot ratio, inclusive of the development charge and lease top-up premium.

The reserve price remains at $640 million.

Lakepoint Condominium, a 99-year leasehold development located on Lakepoint Drive in Jurong, was relaunched for collective sale on April 19. The earlier tender closed without bids, and PropNex has entered into private treaty talks with interested parties after the tender closed.

The current tender will close on July 22 at 2pm.

Stay updated with En Bloc Singapore - Latest News, Enbloc Potential, Listings & Sales in 2022

Check out the latest listings near Lakepoint Condominium, Lakeside MRT Station

See Also:

Cosmo
Rita Ora just showed up at the 2024 Met Gala basically naked in an open-sided dress
Rita Ora showed up almost fully naked to the 2024 Met Gala in a multicoloured Marni dress that was completely open-sided revealing she was braless & commando
SETHLUI.COM
Yan Fried Bee Hoon: Is PM Lee’s favourite chicken wing worth the wait?
The post Yan Fried Bee Hoon: Is PM Lee’s favourite chicken wing worth the wait? appeared first on SETHLUI.com.
Cosmo
EmRata is almost naked in a sparkly see-through Versace dress at the 2024 Met Gala
Emily Ratajkowski just hit the 2024 Met Gala almost totally naked wearing a sparkly see-through Versace backless dress. We are *so* in love with this look!
The Independent
Texas mother made son, 3, ‘say goodbye to daddy’ on camera before shooting boy dead
Savannah Kriger laid her wedding dresses on her bed and shot her wedding portraits, police say
People
Stormy Daniels Testifies That Donald Trump Did Not Wear a Condom When They Had Sex
The former adult film actress alleged in court that following their tryst, Trump told her, "Oh it was great, let’s get together again honey bunch"
People
Dua Lipa Wore the Flossiest G-String Ever to Pull Off This Butt-Baring Look at the 2024 Met Gala
The event marked the pop star's third Met Gala, after making her debut at the event in 2019
CNN
An Indian woman accused her husband of forcing her to have ‘unnatural sex.’ A judge said that’s not a crime in marriage
An Indian judge has dismissed a woman’s complaint that her husband committed “unnatural sex,” because under Indian law it’s not illegal for a husband to force his wife to engage in sexual acts.
The Telegraph
Israel must destroy Hamas utterly. There can be no surrender
Israel’s long-anticipated assault on Rafah has begun. The city is thought to contain four battalions of Hamas soldiers, making it the terrorist’s last stronghold in Gaza. The operation is essential to securing Israel’s borders and safety when military operations end. Yet immense international pressure is being applied to Benjamin Netanyahu in an attempt to force a ceasefire on incredibly unfavourable terms.
CNN
Chinese climbers stuck on cliff for more than an hour due to overcrowding
Images of tourists stuck partway up a mountain in eastern China went viral, showing it’s not just Everest that’s prone to overcrowding.
Cosmo
Kendall Jenner flashes her bum in never-worn vintage dress at the 2024 Met Gala
Kendall Jenner attended the 2024 Met Gala looking incredible in a dress with bum crack cut-outs. Her vintage archival Givenchy gown has never been worn before.
The Independent
Teacher ‘became pregnant by a teenage schoolboy while on bail’
Rebecca Joynes, 30, is accused of six counts of engaging in sexual activity with a child, two while being in a position of trust
The Telegraph
China is unleashing economic warfare against the West – yet our elites slumber on
What does an elephant in a British room need to do for his hosts to admit he exists? Under Xi Jinping, China’s rivalry with the free West has become a zero-sum contest. Beijing is engaged in full economic warfare with Britain. And Britain’s establishment, polite as ever, all too often chooses to ignore this inconvenient reality.
People
Tyla's Met Gala Gown Designer Cuts Off the Bottom of Her Viral Sand Dress in Epic Video — Watch!
The singer's Balmain gown was one of the coolest designs of the night
People
Jennifer Lopez Takes Naked Dressing to New Heights in Sheer Gown at 2024 Met Gala That Took 800+ Hours to Make
Lopez serves as co-chair for this year's glam event
Sky News
Vladimir Putin inauguration: Steven Seagal and other famous faces spotted at Kremlin palace
Vladimir Putin began his fifth term as Russian president at a palace in Moscow in front of a crowd of faces - including actor Steven Seagal and the leader of a biker gang. At the ceremony in the gilded Grand Kremlin Palace, Mr Putin placed his hand on the Russian Constitution and vowed to defend it as a crowd of hand-picked dignitaries looked on. The US actor, known for films such as Under Siege and On Deadly Ground, is an ally of Mr Putin.
WWD
Blackpink’s Jennie Goes Electric Blue in Alaïa Minidress on Met Gala 2024 Red Carpet
This is Jennie's second year on the Met Gala.
People
Emily Ratajkowski Wears a Butt-Baring, Naked Crystal Gown to the 2024 Met Gala as Expected
The supermodel stepped out for her ninth Met Gala
Evening Standard
Crystal Palace 4-0 Manchester United: Goal controversy fails to hide fact Man Utd are masters of own downfall
Rasmus Hojlund harshly denied what would have been a leveller in an otherwise woeful display from Man Utd
Evening Standard
Cody Gakpo delivers verdict on Arne Slot's imminent arrival as Liverpool boss
Liverpool have agreed a compensation deal with Feyenoord ahead of Slot’s arrival this summer
The Smart Investor
4 Singapore Blue-Chip Stocks You Can Buy and Hold Forever
We highlight four solid blue-chip names that you can buy and safely own for the rest of your life. The post 4 Singapore Blue-Chip Stocks You Can Buy and Hold Forever appeared first on The Smart Investor.

Latest stories