{
  "id": 12054209,
  "title": "CDL’s Lucerne Grand launch moves 61% of 570 units at average S$2,480 psf",
  "url": "https://urgent.news/2026/10/04/cdls-lucerne-grand-launch-moves-61-of-570-units-at-average-s-2-480-psf-12054209",
  "topic": "business",
  "section": "Business",
  "published": "2026-10-04T12:12:58.000Z",
  "source": {
    "name": "The Business Times - Companies & Markets",
    "slug": "the-business-times-companies-markets",
    "url": "https://www.businesstimes.com.sg/property/cdls-lucerne-grand-launch-moves-61-570-units-average-s2480-psf"
  },
  "original_language": "en",
  "account": "City Developments Ltd (CDL) successfully sold 61% of 570 units at its Lucerne Grand condominium project during a weekend launch on Oct 4, 2025. Each unit was priced on average at S$2,480 per square foot (psf). The majority of buyers, approximately 93%, were Singaporeans, while the remaining 7% were permanent residents from Malaysia, China, and India. The project, located in Jurong Lakeside, is within a 1.5 km radius of a major MRT station, which was cited as a key factor in its sales success. CDL's chief research officer, Nicholas Mak, noted that Lucerne Grand's take-up rate is comparable to other mixed-use projects launched this year. The development's proximity to Jurong Lake District, a future business hub, and its abundance of educational institutions also contributed to its appeal. The project's ground floor houses commercial space, and retail amenities within the development were highlighted as additional incentives for potential buyers.",
  "summary": "Prices at the 99-year Jurong Lakeside project start from S$1.5 million for a two-bedroom unit",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 2,
    "also_reported_by": [
      {
        "outlet": "The Business Times - Companies & Markets",
        "title": "CDL’s Lucerne Grand launch moves 61% of 570 units at average S$2,480 psf",
        "url": "https://urgent.news/2026/10/04/cdls-lucerne-grand-launch-moves-61-of-570-units-at-average-s-2-480-psf",
        "published": "2026-10-04T12:12:58.000Z"
      }
    ]
  },
  "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."
}