The Lakegarden Residences takes the place of the former Lakeside Apartments, which was sold enbloc at $273.89 million, 14 per cent above its $240 million reserve price, on 26 May 2022.
The 120-unit, 99-year leasehold project located near Jurong Lake Gardens and the Jurong Lake District was sold to Winville Investment, a subsidiary of Singapore-listed Wing Tai Holdings.
With a gross plot ratio of 2.1, the site has the potential to be redeveloped into a 24-storey residential building with 307 condominium units, averaging 915 sq ft each.
Within the Jurong area, extending westwards till Yuan Ching Road, there are a number of upcoming developments :
An aerial image of the current Lakeside Apartments, to be redeveloped as The Lakegarden Residences.
Aerial view of Lakeside Apartments, located beside Park View Mansions, which also sold enbloc.
Lakeside Apartments Historical Price Trend