Singapore's newest residence in its western suburbs, to be launched easily obtainable in early December 2010, is to be called The Lakefront Houses.
Lakefront Residence
It is a lakefront residence -- in as much as one can get to be "lakefront" in Singapore, that is. Which means it is separated from the parks around Jurong Lake by Yuan Ching Road and a plot of empty land (which could well turn out to eventually house another high rise). In fact, this project already blocks the lake views of the Caspian residence, that is still being developed to its western side.
Perhaps that is why the developer, Keppel Land, has smartly decided to create internal 'lakes' and water views to match the lake region theme this project is created around, as well as to shape the whole development as a 'C' which should allow a reasonable number of units to still enjoy views of the lake, should another development arise next door.
Reasons to consider Lakefront Houses
Its distance to the lake, and the wonder of lakeside living, is not this lakefront condo's only selling point. It has another positive point -- especially cairnhill 16 tsky where down-to-earth Singaporeans are concerned: the trunk gate of Lakefront Houses is just a few steps away from Lakeside MRT station.
Now what a big positive point, especially where potential tenants are concerned. Many potential tenants are expatriates, who balk at the cost of buying a car here. (One can easily run you about USD$70, 000 or more. ) Moreover, many of them are merely here for 2 years or so. They travel light too -- so the fact that units at Lakefront Houses don't have for the better of storage space should not be an issue.
Beware the fact, though, that the units here are pretty small. From an investor's point of view however, a smaller unit translates into a lesser total sticker price. Potential tenants, who pay rent per sq foot, should also benefit.
Accessibility
For many, what matters more is the friendship to an MRT station. From Lakeside MRT, it's a bare 25 minutes ride into town. It's even better if you act on Jurong Gateway, the new major regional business region that is scheduled to sprout next 10 to 15 years. That has to be merely 5 minute train ride down.
Being able to be in your workplace (and home again) within quarter-hour of leaving your door, without battling traffic jams for a hour each way, is a real luxury. There's for the better you can do with an extra hour and a half each day -- catch the breezes at Jurong Lake, or chill out at the pool, or even, Singaporeans that we are, give the children extra tutoring!
Jurong Lake Region
Right now, the Jurong Lake area is still a little tired, with a charming casual feel to it. Yuan Ching Road meanders down the western side side of Jurong Lake, repleat with tall fir trees and shrubs on both sides, offering glimpses of water and push strollers and joggers interspersed under the trees and shrubs.
But with the Jurong Lake Region redevelopment that includes Jurong Gateway business precinct, as well as the new Lakeside redevelopment, it could well be the next 'happening' place. If that occurs, Lakefront Houses might be a good chance to get a toehold into this place.
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