CDL's Jurong Lakeside project shifts majority of units at $2,480 psf

City Developments Limited has achieved strong initial sales momentum at Lucerne Grand, its lakeside residential development in Jurong, with 347 of the 570 units transacted at an average price of $2,480 per square foot.

The 99-year leasehold project marks a significant addition to Singapore's prime residential offerings. Two-bedroom units commence at $1.5 million, positioning the development within reach of the upper-middle segment of the market.

The sales performance reflects continued demand for well-located residential properties in Singapore's suburban growth corridors. Jurong's ongoing transformation as a major economic and residential hub has underpinned investor interest in projects in the area.

Lucerne Grand's sales trajectory suggests sustained appetite for new launches among Singapore's property buyers, even as the market navigates evolving interest rate conditions and economic uncertainties. The project's positioning near Jurong Lake appears to have resonated with purchasers seeking lifestyle amenities alongside residential investment opportunities.