Lakeville

Lakeville

Lakeside is a residential development with a prime location in District 22. Jurong Lakeside is set to undergo major redevelopment transforming the area into an exciting waterfront destination. Lakeville has the added advantage of giving many of its residents panoramic views of the lake without having to leave the comfort of their own homes. As well as 3 commercial units Lakeville has 696 residential units ranging from 1 bed up to 4 and 5 bed penthouses, as well as 4 bed dual key units. Lakeville is just 5 minutes’ walk from Lakeside MRT Station on the Eat West Line, meaning commuters can be in the CBD in a little over half an hour.

MCL Land is a leading property group with a long track record of building quality homes over the last 40 years. A member of the Jardine Matheson Group under Hongkong Land Holdings, it holds an impressive portfolio of prime residential developments in Singapore and Malaysia.

Lakeville – Unique Selling Points

The overriding advantage that Lakeville has in its favour is its location. Jurong Lakeside has been earmarked for drastic changes with many waterfront amenities due to transform the area into a much sought after area to work, play and live. Lakeville is in a prime position overlooking the lake, meaning that many of the residents will enjoy panoramic water views without leaving the comfort of their own home. Lakeville is also in easy walking distance to two MRT stations on the East West Line, and a short drive from several good shopping malls.

Lakeville – Accessibility

Lakeville is between 2 MRT stations: Lakeside and Chinese Garden, both on the East West Line, and a 5 and 8-minute walk respectively. The CBD in the shape of City Hall and Raffles Place is just over 30 minutes train ride away. There are several high quality shopping malls in the vicinity, but none in walking distance. There is a hawker centre, several shops and a good array of eating options in easy walking distance of Lakeville, and of course there are 3 commercial units on its premises. For drivers, the PIE is a quick and easy drive from the development.

Lakeville - Amenities & Attractions

Dining near Lakeville:

• Al Ayza Restaurant
• Vegetarian Villas
• Jurong West 505 Food Centre
• Yi Jia Le Wah Chye Seafood Restaurant

Shopping near Lakeville:

• Boon Lay Shopping Centre
• Jurong Point
• Westgate
• JEM

Schools and Education near Lakeville:

• Shuqun Primary School
• Rulang Primary School
• Hong Kah Secondary School
• Yuhua Secondary School
• Fuhua Secondary School
• Canadian International School

Lakeville - Project information

Lakeville is a residential development located in the soon to be revamped Jurong Lakeside area. The development is made up of six 16 storey towers, and has 696 residential units as well as 3 commercial ones. Lakeville has a good variety of unit types, sizes and configurations, ranging from 1 bedders up to 4 and 5 bed penthouses. The 4 bed units come in either standard, dual key, penthouse and penthouse + study. Kitchen appliances are Fisher & Paykel and Electrolux, while bathroom fixtures and fittings are by Grohe. Regarding facilities, Lakeville offers all the ones you would expect including a tennis court, gym and aqua gym and a 50 metre lap pool.

• Project Name: Lakeville
• Address: Jurong Lake Link
• Site area: Approx. 240,662 sqft
• Tenure: 99 years
• District: 22
• Configuration: 696 units

Unit types:

• 31 x 1-bedroom units (560 – 592 sqft)
• 288 x 2-bedroom units (635 – 872 sqft)
• 247 x 3-bedroom units (872 – 1,324 sqft)
• 88 x 4-bedroom units (1,281 – 1,464 sqft)
• 16 x 4-bedroom Dual Key units (1,475 – 1,668 sqft)
• 15 x 5-bedroom units (1,528 – 1,862 sqft)
• 4 x 4-bedroom penthouse units (1,981 – 2,056 sqft)
• 6 x 4-bedroom + study penthouse units (2,228 – 2,271 sqft)
• 1 x 5-bedroom penthouse unit (2,680 sqft)

Parking lots:

• 696 normal lots
• 7 handicapped lots

Expected TOP: January 2018Expected legal completion: January 2021

Lakeville - Historical Data

As of September 2015, the number of caveated transactions at Lakeville stood at 496, with only 500 of the total number of 696 units released at that point. The prices for those sales ranged from $732K to $2.669M with just 74 of those coming in at $1.5M and above. With regards to the caveated prices for Lakeville, from that sales data we see that the 1, 2, 3 and 5 bed units were at $1,348 psf, $1,373 psf, $1,259 psf and $1,312 psf respectively. With the 4 bed units, they are split between standard, dual key, penthouse and penthouse + study with the respective median prices of $1,239 psf, $1,209 psf, $1,164 psf and $1,192 psf.

Lakeville - Related Projects

The following projects are by the same developer as Lakeville:

• Lake Grande
• Sol Acres
• Hallmark Residences

Lakeville - Nearby Projects

The following developments are in the same neighbourhood as Lakeville:

• Caspian
• The Lakeshore
• The Mayfair
• Parc Vista
• Lakefront Residences