Strong interest for new Lakefront Residences condos

posted Nov 13, 2010 5:09 PM by Poon Paul [ updated Nov 13, 2010 5:11 PM ]

Keppel Land held a special preview on Friday for The Lakefront Residences - its residential development located in the Jurong Lake District.

The move was met with strong enquiries from local homebuyers and investors, including residents and foreigners from China and Malaysia, the company said.

The property received positive take-up of about 250 units at an average price of approximately S$1,020 per square foot.

This reflects home buyers' confidence in the development's "strong value offerings of a prime location next to the Lakeside MRT station," said Augustine Tan, president (Singapore Residential) at Keppel Land.

The Lakefront Residences will comprise 629 homes, ranging from 1- to 4-bedroom units and penthouses when completed by the end of 2013.

Its location within the Jurong Lake District, which is envisioned to be a commercial, leisure and residential hub, is among the property's main draw for home buyers.

The district will house hotels, shopping and dining facilities, among other things. Two upcoming hospitals in the vicinity are set to be completed in 2014 and early 2015.

Keppel said the transactions are not expected to have any significant impact on the net tangible assets per share or earnings per share of Keppel Land for the financial year ending 31 December 2010. - CNA /ls

SINGAPORE CONDO FOR SALE-RENT

MENU

CONDOS GUIDE BY ESTATE

BLOGS AND OHTER WEBSITES

IPHONE MICRO SITES

Paul Poon (65) 8181-7777

Strong interest for new Lakefront Residences condos