Lakeside Drive upcoming new launch condo is one of Livefree’s Top 5 new launch condo sites in Singapore — not because it is new, but because it sits in a rare asset category that is hard to come by in Jurong.
Located within the Jurong Lake District, this upcoming District 22 new launch combines doorstep MRT access, large project scale, family-oriented fundamentals, and deep upgrader demand — a combination that has historically translated into strong first-day absorption and durable resale relevance.
This review focuses on asset-class fundamentals, examining why the Lakeside Drive new launch is structurally positioned for long-term demand rather than short-term launch performance.
Jurong Lake District (JLD) is Singapore’s largest planned mixed-use district outside the CBD and a cornerstone of URA’s long-term decentralisation strategy.
First unveiled in 2008, the Jurong Lake District Master Plan aims to transform Jurong into a self-sustaining employment, lifestyle, and residential hub, reducing reliance on the city centre while anchoring long-term population growth in the west. Over the past decade, this vision has steadily moved from planning to execution.
Key milestones in the Jurong Lake District transformation:
Unlike short-term infrastructure announcements, Jurong’s transformation is policy-backed, multi-decade, and irreversible. For residential buyers, this matters because decentralisation reshapes where families are willing to live, upgrade, and remain long-term — not just where they work.
District 22 is a mature private residential estate with limited new land supply and a predominantly owner-occupier profile. A total of 13,247 private residential units across 24 condominium projects. All 99-year leasehold & majority are large-scale developments.
MRT proximity remains the key differentiator among District 22 condos:
District 22 Condos 500m to MRT & under 10 years old:
This highlights an important reality: new, MRT-integrated condos in District 22 enter the market only once every several years, not every launch cycle. All existing supply is already absorbed into long-term owner occupation.
Against this backdrop, any new MRT-adjacent project near Jurong Lake immediately commands attention.
Beyond infrastructure and transformation, school proximity plays a crucial role in sustaining long-term demand, particularly for family buyers.
District 22 is home to 13 primary schools, of which 4 are highly contested during Phase 2C:
Lakeside Drive is located within 1km of Rulang and Shuqun Primary.
For many upgrader families, this is not a lifestyle preference — it is a decision-defining constraint that anchors location choices years in advance. This type of demand tends to be resilient even during slower market cycles.
In District 22, approximately two-thirds of condominium buyers originate from HDB households, creating a deep and recurring source of owner-occupier demand.
This upgrader-led demand structure provides a stable absorption base for new launches in District 22, particularly for MRT-adjacent projects that align with upgrader budgets and lifestyle needs.
Combined HDB stock:
Potential HDB upgraders (3-room & larger BTOs MOP-ing after 2020):
Total potential upgrader pool: ~22,856 households
Based on current resale prices and original BTO entry levels:
This budget range aligns closely with large MRT-adjacent new launch condos in Jurong, particularly those positioned for owner occupation rather than short-term investment turnover.
The Lakeside Drive condo site is compelling because it brings together multiple fundamentals that is hard to come by in District 22.
Doorstep MRT Connectivity
Direct access to Lakeside MRT remains one of the most consistently priced-in attributes for suburban condos, supporting both owner-occupier demand and future exit options.
Proven Demand for Jurong MRT New Launches
Jurong MRT-integrated launches have historically seen exceptionally strong first-day absorption:
These outcomes reflect a consistent buyer preference for MRT-connected projects in Jurong, where private supply is limited and upgrader demand is deep. Buyers have repeatedly demonstrated a willingness to commit early when connectivity is clear.
With an expected 580+ units, the development is likely to offer full condominium facilities, enhancing liveability and long-term resale liquidity. Historically, this asset class has outperformed all other property categories in Singapore.
1km to 2 Highly Contested Primary Schools
Being within 1km of both Rulang and Shuqun Primary, the project appeals strongly to family buyers planning for long-term stay — a buyer profile that anchors price stability.
Permanent Jurong Lake Views
Due to its proximity to Jurong Lake, a fair proportion of units are likely to enjoy permanent unblocked lake views, one of the most defensible and scarce attributes within the Jurong region.
Mixed-Use Convenience
Approximately 1,000 sqm of commercial space, including a ~700 sqm supermarket, reduces daily friction and enhances day-to-day liveability for residents.
Taken together, these factors place the Lakeside Drive new launch within a proven demand template, rather than as an isolated or speculative bet.
If your home decision matters to you, speak to us before committing. Clarity now is cheaper than regret later.
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