Lakeville

Lakeville is a leasehold (99 yrs from 2013) condominium completed in 2017. It is developed by MCL LAND (PRESTIGE) PTE LTD and designed by ARCHITECTS 61 PTE LTD. The development occupies a land area of 22,485 sqm and a Gross Floor Area of 62,958 sqm. It consists of 696 units. According to records, buyers of this development are Singaporean 68.8%, PR 20.0%, Foreigner 11.1%, Company 0.1%.

LAKEVILLE is located along Jurong Lake Link in Jurong West, in District 22. It is accessible through the nearest MRTs including Lakeside EW26 and Chinese Garden EW25.

Based on transaction data in the last 12 months, sale prices range from S$ 1,388 psf to S$ 1,828 psf at an average of S$ 1,690 psf. Its highest recorded transaction was S$ 1,858 psf in Aug 2023 for a 1,119-sqft unit. Its lowest recorded transaction was S$ 1,086 psf in Aug 2015 for a 1,270-sqft unit. Its current rental yield is at 4.0%. Other nearby amenities include: 3 Grocerie(s): NTUC FAIRPRICE CO-OPERATIVE LTD, COLD STORAGE SINGAPORE (1983) PTE LTD, NTUC FAIRPRICE CO-OPERATIVE LTD.

Buyers and tenants are attracted to District 22, which is comprised of Lakeside, Jurong, Boon Lay and Tuas. This district is densely populated with many industrial buildings, but it also has residential estates and landscaped parks. Jurong is Singapore’s industrial area, where its large working population is housed in a mix of old and new housing estates in Boon Lay, Taman Jurong and Hong Kah areas. Due to its rapid development, Jurong has recently been known as the second "Orchard Road" of Singapore, with four shopping malls within walking distance from Jurong East MRT Station. Jurong is also home to the International Business Park, widely labelled as Singapore's second Central Business District. Some present landmarks here are Science Centre Singapore and IMM Shopping Mall. Boon Lay is home to many factories and some old factories are under plans for redevelopment for transformation to modern high-density factories. Tuas is an area completely dedicated to heavy industries where heavy machineries and equipment is manufactured, as well as the production of chemicals and electronics.

With a land area of 25,500ha, the West Region is the largest of the five regions in Singapore. Jurong East is the regional centre of the region, while Jurong West is the most populous town in the region. A large number of Singapore's heavy industry companies are concentrated in the West Region. These are mainly petrochemical companies, comprising of international players such as BP, ExxonMobil, DuPont, Mitsui Chemicals and Shell. The West Region is also at the forefront of the government's industrial development efforts. The government plans to develop the Jurong Lake District and Jurong Innovation District into the second Central Business District (CBD) area in Singapore. Additionally, the Tuas Mega Port, upon completion in the 2040s, is anticipated to be the world's single largest container port with an annual capacity of 65 million TEUs.