Lakepoint Condominium launched for collective sale for $640 mil

By Charlene Chin
/ EdgeProp Singapore |
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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.
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.
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The tender will close on Dec 22, at 2pm.
Check out the latest listings near Lakepoint Condominium, Lakeside MRT Station
Ask Buddy
Compare price trend of New sale condo vs Resale condo
Most unprofitable condo transactions in past 1 year
Past Condo rental transactions
Upcoming new launch projects
Condo projects with most unprofitable transactions
Compare price trend of New sale condo vs Resale condo
Most unprofitable condo transactions in past 1 year
Past Condo rental transactions
Upcoming new launch projects
Condo projects with most unprofitable transactions

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