SINGAPORE (EDGEPROP) - Owners of Lakepoint Condominium will be launching their development for collective sale on Oct 21 at a guide price of $640 million, or $959 psf per plot ratio, after factoring in the development charges and a lease top-up premium from JTC, according to PropNex, which is marketing the property.

Read also: Window of opportunity opens for collective sale of strata mixed-use developments

Lakepoint Condominium sits on a 99-year leasehold site of 562,286 sq ft. Based on URA’s 2019 Master Plan, the site has a plot ratio of 1.4 and is zoned for residential use. It has the potential to be redeveloped into 860 new condominium units, averaging 915 sq ft each, subject to the authority’s approval.

The property is located near the Jurong Lake District and Jurong Innovation District. It is a seven-minute walk to Lakeside MRT Station.

The tender will close on Dec 22, at 2pm.

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