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Home arrow Monthly Property Reports arrow May 2008 arrow Jurong gears up to be the next suburban hotspot
Jurong gears up to be the next suburban hotspot Print E-mail
Jurong has been slated for a stunning makeover to transform it into Singapore’s only lakeside destination.
Jurong gears up to be the next suburban hotspot

Jurong has been slated for a stunning makeover to transform it into Singapore’s only lakeside destination. To be implemented over the next 10 to 15 years, this ambitious plan involves building new waterways, 1,000 private homes, 2,800 hotel rooms and will incorporate 750,000 sq. m. of office and retail space into the area.

“Jurong is a gem that has yet to be uncovered and refined,” Mr Mah Bow Tan, Singapore’s Minister for National Development, said, pointing out that its proximity to established towns, with a large labour force and a population catchment of more than one million residents, as well as its status as  a thriving business hub, with over 3,000 companies, two universities and research centres such as one-north in the vicinity make it  “an ideal business location for cutting-edge technology”.     

“The Jurong Lake District will become a mini city that is distinctive in character,” he added. Approximately the size of Marina Bay, it will consist of two precincts. One is the 70ha Jurong Gateway, which will boast new offices, condominiums and entertainment facilities, including an Olympic-size ice-skating rink in the revamped Jurong Entertainment Centre, while the other is Lakeside, which will be turned into Singapore’s new ’waterfront playground’ with a new science centre, tourist attractions and parks with water-based activities such as kayaking and dragon-boating in the pipeline.

Though the sites around the MRT stations are mostly white sites, which means that they can be allocated for different uses according to need or demand, it is very likely that they will be turned into private homes. “But all this ultimately has got to depend on the market and how it responds, whether the emphasis is more on office or housing,” he concluded. Residential towers at Jurong Gateway are likely to be 35 storeys at most, with building heights gradually stepping down towards the lake to make the most of the views.

Jurong’s rejuvenation is part of a broader URA decentralisation strategy to balance economic growth, reduce commuting and provide a high quality of life for Singapore residents.

 
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