Lakepoint Condominium relaunched for collective sale at $640 mil

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The site has the potential to be redeveloped into 860 new condo units.

in Jurong, will be relaunched for collective sale on April 19, according to marketing agent PropNex Realty.

The reserve price is unchanged from the previous tender launch for Lakepoint Condominium back in October of last year. The last tender closed on Dec 22, 2021, with offers falling short of the reserve price.Map and overview of Lakepoint Condominium Based on the site’s plot ratio, the development has a maximum height allowance of five storeys. However, since the last tender closing, the owners of Lakepoint Condominium have sought planning permission from URA for a higher height allowance and this was recently approved, says Tracy Goh, head of investment and collective sales at PropNex.

Source: News Formal (newsformal.com)

 

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