According to sources from Singapore Land Authority (SLA) and Land Transport Authority (LTA), the Kuala Lumpur-Singapore High Speed Railway Train Station will be located in Jurong East and the actual site will be at the current Jurong Country Club.
Jurong Gateway High Speed Railway
Even though it is announced today that the Jurong site will be the location for the train station location, there were already speculations that the country club site could be used for railway works as it is in line with the government’s plans to develop Jurong East into the second Central Business District in Singapore near Jurong West Street 41 MCL Condo.
High Speed Railway near Jurong West MCL Land Tender
Immediately after the announcement, Jurong Country Club have announced that their land lease will have to be returned back to the government by 2016. The original lease expiry is stated to be on 2035 for New Condo Lake Grande at Jurong West. Plans are already underway to develop the site into one of the largest integrated hub in Singapore with a whole range of amenities including offices, retail outlets, entertainment facilities as well as even residential development to boast the occupancy of the new Central Business District. This would mean more convenience for Lake Grande owners with the new range of amenities available.
Jurong East location near Lake Grande Condo is ideal for the next central business district as there an existing MRT interchange already which is well connected to other parts of Singapore. Plans show that the railway station near Jurong West MCL Land Tender will be located close to Jurong Gateway. Some of the largest major transaction for 2015 have included the sale of 158 Cecil Street that bagged $240 million and the sale of 8 Shenton Way’s Axa Tower for $1.17 billion.
The launching of a city fringe condominium, the Principal Garden in Alexandria, toward the end of the month looks set to have an average pricing of about $1,600 psf. The project located in Prince Charles Crescent offers 663 units and four 24 floor blocks. It is situated adjacent to the Alexandria Park Connector, which expands 4 kilometres towards the CBD (Central Business District), and is a mere 10 minute walk from the MRT Station at Redhill.
According to Kheng Leong Company and UOL Group, who are the joint developers in Jurong MCL Condo, the 99 year leasehold project’s smaller units look to be the most enticing to investors. Liam Wee Sin, the deputy group chief executive of UOL, pointed out during a recent viewing of the show flat for this project, that this is due to the fact that they are close to the city and offer an investment angle that is strong. Also, there are parents living in the proximity ho may wish to purchase a flat for their children.