{
  "id": 11933690,
  "title": "CDL’s Lucerne Grand launch moves 61% of 570 units at average $2,480 psf",
  "url": "https://urgent.news/2026/10/04/cdls-lucerne-grand-launch-moves-61-of-570-units-at-average-2-480-psf",
  "topic": "business",
  "section": "Business",
  "published": "2026-10-04T13:25:45.000Z",
  "source": {
    "name": "Straits Times Business",
    "slug": "straits-times-business",
    "url": "https://www.straitstimes.com/business/property/cdls-lucerne-grand-launch-moves-61-of-570-units-at-average-2480-psf"
  },
  "original_language": "en",
  "account": "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.",
  "summary": "Prices at the 99-year Jurong Lakeside project start from $1.5 million for a two-bedroom unit.",
  "key_points": [
    "CDL's Lucerne Grand sold 61% of 570 units at $2,480 psf during debut",
    "93% of 350 units purchased by Singaporeans, 7% by Malaysians, Chinese, Indians",
    "Proximity to Lakeside MRT and Jurong Lake District drove strong demand"
  ],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}