Wing Tai’s The LakeGarden Residences to start previews on Jul 22

PREVIEWS for the new Jurong project, The LakeGarden Residences, will start on Saturday (July 22), with prices starting at just under S$2,000 per square foot (psf).

The 99-year leasehold condominium by Wing Tai Holdings occupies 134,176 square feet (sq ft), with a gross plot ratio of 2.1. It was secured with a S$273.9 million bid at a collective sale tender in May 2020, at a 14 per cent premium to the S$240 million reserve price. This works out to a land rate of S$1,250 to S$1,260 psf per plot ratio (ppr).

The development comprises 306 units in two 19-storey towers. The units include four duplex penthouses of between 2,002 square feet (sq ft) and 2,260 sq ft, each with private lift access.

One-bedroom units, some including a study, are between 484 sq ft and 635 sq ft. Two-bedroom units start at 592 sq ft, three-bedroom units from 926 sq ft, four-bedroom units from 1,270 sq ft, and five-bedroom units from 1,550 sq ft.

Nearly three-quarters of the units, or 227 units, will have two to three bedrooms, Wing Tai’s head of marketing Stacey Ow Yeong told reporters at a preview on Monday.

This is mainly because the development is targeted at local owner-occupier buyers, she said. This includes Housing and Development Board suburban upgraders who are eyeing these units because they either live or work nearby, she added.

The Chuan Park Showflat

Source : https://www.businesstimes.com.sg/property/wing-tais-lakegarden-residences-start-previews-jul-22


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