Lakeside Drive GLS: A Prime Address for Modern Living

The Lakeside Drive GLS development brings fresh energy to the residential landscape. Set to launch in April 2025, this project combines modern comforts, daily convenience, and strong long-term potential. With direct MRT access, scenic natural surroundings, and a location in the thriving Jurong Lake District, it stands ready to appeal to a wide range of buyers.

Site Highlights

The site covers approximately 1.39 hectares, supported by a 3.6 gross plot ratio, and will offer around 575 residential units.
It includes about 1,000 square meters of commercial space, placing shops and services right where residents live.
These features position it as a destination that meets daily needs while offering opportunities for growth.

Prime Location Advantages

Direct MRT Convenience

Located right beside Lakeside MRT Station, daily travel is quick and easy.
Being next to an MRT line adds value and simplifies commuting. Residents spend less time on the road and more time doing what they love.

Greenery at the Doorstep

A short stroll away lies Jurong Lake Gardens, where families and individuals can enjoy nature, fresh air, and open spaces.
Jogging trails, picnic spots, and lakeside views create a balance between city life and outdoor relaxation.

Heart of Jurong Lake District

This project sits within the evolving Jurong Lake District, a hub known for its growth potential.
Ongoing development plans bring more businesses, leisure options, and infrastructure upgrades.
Residents benefit from these improvements, enhancing both lifestyle and property values over time.

Educational Access Within Reach

Within one kilometer lie two popular primary schools:

• Rulang Primary School
• Lakeside Primary School

This proximity helps parents save time on daily commutes. Children can enjoy extra rest and a shorter journey to school. Over the long term, homes near well-regarded schools often retain strong demand among families.

Market Context and Nearby Success Stories

Recent launches like LakeGarden Residences and Sora have drawn positive responses from buyers.
Their success hints at the strong appeal of the Jurong Lake area and its growth story.
With the region evolving into a key district, projects that sit close to MRT lines, greenery, and top schools look set to maintain steady interest from homeowners and investors.

Location Benefits in Context

The table below outlines how various GLS sites compare across different factors like transport, malls, schools, parks, road connections, business hubs, and everyday essentials. Buyers can scan through to identify priorities and choose what fits their lifestyle best.

Sample Comparison of Location Benefits

Each GLS site has benefits that appeal to different segments. Lakeside Drive GLS stands out for immediate MRT convenience and close educational options.

Market Overview

Property price growth in Singapore’s private market shows signs of moderating.
Year-on-year growth was about 4.88% in Q1 2024, down from a previous 11.44%.
Despite this cooling, the Outside Central Region (OCR), where Lakeside is located, saw an 11.83% price rise.
This trend suggests that well-placed projects in the OCR retain strong appeal, even as the broader market cools.

Benchmark Pricing from Nearby Projects

LakeGarden Residences offers a useful comparison.
Its launch price averaged around $2,120 per square foot (psf), ranging from $1,880 to $2,362 psf.
Around 71 units, or 23% of the total 306 units, sold within the initial phases, signaling steady buyer interest.
This performance suggests that quality, location, and convenience remain top priorities for purchasers.

Value Indicators to Consider

Location Premium Factors

• Direct MRT access: Residences beside MRT stations often see stronger demand and better price support.
• Lakeside Views and Greenery: The presence of Jurong Lake Gardens enhances the living experience and may lift future resale values.
• Jurong Lake District Growth: Government plans and ongoing infrastructure improvements often benefit properties over time.
• Limited New Supply: Fewer upcoming projects in the immediate area can help maintain price levels.

Market Fundamentals

A pipeline of about 52,200 private residential units is expected over the next few years.
Annual supply from 2024 to 2028 averages about 6,789 units, which is lower than the past five-year average.
This controlled supply could help sustain prices, especially for projects that stand out by location or amenities.

As car ownership costs rise, properties near MRT stations remain sought-after.
Proximity to efficient public transport provides long-term value, making daily commutes simpler and less costly.

Future Price Outlook

Private residential prices are forecasted to grow by about 4.9% in 2024, moderating from the previous year’s 6.8%.
Despite this slowdown, projects with strong location fundamentals, such as Lakeside Drive GLS, remain well-placed.
Limited competition, robust infrastructure plans, and a thriving district development keep these projects resilient.

Buyers looking at long-term growth factors, like the transformation of Jurong Lake District, see potential in this location.
A property that sits close to transportation, green spaces, good schools, and commercial nodes often retains its appeal.
Both local and foreign buyers seeking homes that balance city convenience with a relaxed waterfront setting may find these factors appealing.

Long-Term Potential

This upcoming project benefits from a strategic spot in a maturing district.
As the Jurong Lake District continues to develop, residents may find more business opportunities, healthcare facilities, and entertainment options emerging.
The long-term potential lies in the combination of stable infrastructure, ongoing improvements, and a steady flow of buyer interest.

Lakeside Drive GLS: A Promising Choice

With immediate MRT access, children’s schools just a short walk away, and lush gardens next door, the Lakeside Drive GLS development stands out as a comfortable home base.
Its combination of practical amenities, local growth stories, and stable market fundamentals makes it a compelling option for those looking to secure a residence in an area poised for long-term gains.