Jurong Lake District’s success as next CBD depends on ability to convince businesses to relocate: Analysts

This, in turn, would depend on the attractiveness of the rent there, as well as the ability of developers to play to the existing strengths of the area, such as its ready catchment of residents and talent pool, among other factors.

This is a considerable challenge given that there would be about 146,000 sqm of office space — almost half of the space at MBFC — to fill up when the newly launched site is developed in 10 to 15 years. Nonetheless, Ms Tay Huey Ying, head of research and consultancy at investment management company JLL, is confident that the district will be successful in the long term.Although located much further away from the heart of commerce compared to MBFC — the first site launched under the master developer approach — there are factors that can make Jurong potentially as vibrant as the former, said the experts.

These include the current and upcoming commercial spaces, the existing residential areas, the proximity to six institutes of higher learning and the various attractions there such as the Jurong Lake Garden, among others.The 6.5ha of land put up for sale on Thursday is part of a 120ha new precinct to be developed within the Jurong Lake District. This wider area encompasses the site where the train terminal for the now-scrapped High-Speed Rail was supposed to be located.

Source: News Formal (newsformal.com)

Singapore Latest News, Singapore Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

1,700 private homes and office, retail spaces in new Jurong Lake District siteThe proposed integrated development will be progressively completed over the next 10 to 15 years.
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »

The next MBFC? Jurong Lake District launches 6.5ha site for new homes, offices under master developer approachSINGAPORE — Touted to encompass more than 1,700 residential units and over 146,000 sqm of office space, a large site next to Jurong East MRT station has been put up for sale for prospective master developers on Thursday (June 22).
Source: TODAYonline - 🏆 1. / 99 Read more »

Site for homes, office spaces up for sale as next phase of Jurong Lake District kicks offThis is expected to yield about 1,700 residential units, as well as office spaces. Read more at straitstimes.com.
Source: straits_times - 🏆 5. / 69 Read more »

Enjoy dons at $6.80 at the CBD Tsukimi Hamburg on 23 Jun 2023If you’re in the CBD and looking for a good deal, I’ve got good news for you! Tsukimi Hamburg that’s famed for their mouth-watering hamburg steaks has just opened its doors at CapitaSpring on 16 Jun 2023. What’s more, they’re having an opening promo where diners can enjoy ANY donburi at just S$6.80 on 23 Jun […] The post Enjoy dons at $6.80 at the CBD Tsukimi Hamburg on 23 Jun 2023 appeared first on SETHLUI.com.
Source: YahooSG - 🏆 3. / 71 Read more »

1,700 private homes and office, retail spaces in new Jurong Lake District siteThe proposed integrated development will be progressively completed over the next 10 to 15 years.
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »

Site for homes, office spaces up for sale as next phase of Jurong Lake District kicks offThis is expected to yield about 1,700 residential units, as well as office spaces. Read more at straitstimes.com.
Source: straits_times - 🏆 5. / 69 Read more »