Potential of Jurong Lake District Properties in Singapore

Investing in Singapore?

I suggest that you look at this region and become familiar with it as it will be a hotbed of activities in the next few years.

Here are my reasons why:

1. This is a new commercial city with water front hotels, homes, offices, and many water sporting activities and is not like a suburban town centre modelled after Bishan or Toa Payoh Town Centre. It’s almost like a 2nd Shenton Way.

2. The Canadian School will do to this region what the American School did to Woodlands and the Australian School to the Serangoon Ave 2/3 and Lor Chuan area. Rental demand will be strong and that will affect the rental prices for properties in this area. This will then have a knock on effect on the demand for investment properties in this region.

3. This region is also home to most of the Bioscience and Biotech companies which are part of one of the fastest growing industry in Singapore right now. Even with the current economic condition, this sector of the market is growing at a tremendous pace.

Follow the link below and you’ll see that almost every months in the last few years, something major is happening in this industry; New Investment, Partnerships, Opening of New Centres etc

http://www.edb.gov.sg/edb/sg/en_uk/index/news/articles.html?industry=Pharmaceuticals%20And%20Biotechnology&count=all

4. The expected numbers of jobs created in the Jurong Lake District is expected to increase by 40,000

5. It is also located along the education belt of Singapore and in conjunction with the direction of the Singapore government to turn Singapore into an education hub.

My Prediction:
It will be second only to Orchard Road and Shenton Way region

Check out the following links:

http://www.ura.gov.sg/skyline/skyline08/skyline08-03/text/06.htm

http://www.ura.gov.sg/pr/text/2008/pr08-38.html

Watch the video here:

https://www.ura.gov.sg/MP2008/video2.htm

Contributed by Colin Tan of ColinTan Training & Consultancy

for SingaporePropertyConsultants.com