CDL’s Lucerne Grand launch moves 61% of 570 units at average $2,480 psf
Prices at the 99-year Jurong Lakeside project start from $1.5 million for a two-bedroom unit.
City Developments Limited (CDL) launched its Lucerne Grand condominium project in Jurong, selling 61% of its 570 units at an average price of $2,480 per square foot during its weekend debut, according to developer reports. Of the 350 units sold, approximately 93% were purchased by Singaporeans, while the remaining 7% were permanent residents from Malaysia, China, and India.
Prices for the project, which ranged from $1.5 million for a two-bedroom unit to $2.8 million for a four-bedroom, were deemed "relatively affordable" by PropNex CEO Kelvin Fong. All unit types were well-received, with premium two-, three-, and four-bedroom units being the most popular. The development's proximity to the Lakeside MRT station, located on the East-West Line, and its location near the Jurong Lake District, a planned major business district, were seen as key factors in its strong take-up.
CDL secured the site for $608 million, or $1,132.08 per plot ratio, in June. Analysts noted that the project's location and amenities, including retail space, contributed to its popularity among buyers.
Written by urgent.news from Straits Times Business's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
