Park View Mansions, a 99-year leasehold condominium located along Yuan Ching Road in Jurong, has been sold for $260 million in a collective sale to a joint venture comprising CEL Development, Sing-Haiyi Pearl and TK 189 Development.
Park View Mansions is a 160-unit development sitting on a land site of about 191,974 sq ft with a 99-year leasehold tenure commencing from Oct 1, 1976. Subject to approval from the authorities, the site can be developed up to a gross floor area of 403,145 sq ft. The existing development is likely to redevelop into a 440 units condominium.

Transformation of Jurong Lake District

The Jurong Lake District in Singapore has undergone an incredible transformation over the years, evolving into a thriving and vibrant hub. It started as an industrial area but has now been completely revitalized to become a mixed-use district that combines commercial, residential, and recreational spaces.

The transformation of Jurong Lake District has been guided by a clear vision of creating a sustainable and inclusive urban environment. The district boasts modern infrastructure, well-planned green spaces, and a variety of amenities that cater to the needs of residents, workers, and visitors.

One of the key highlights of the transformation is the integration of Jurong Lake into the district’s design. The lake has been expanded and enhanced, offering a picturesque setting for leisure activities and creating a sense of tranquility amidst the bustling city. It serves as a focal point for various events and festivities throughout the year.

The Jurong Lake Gardens, a sprawling garden located along the lake, is another major feature of the district. It showcases a harmonious blend of nature and art, with beautifully landscaped gardens, scenic walking trails, and captivating artworks. The gardens provide a serene escape from the urban hustle and bustle, inviting residents and visitors to relax and immerse themselves in nature’s beauty.

In addition to its aesthetic appeal, the Jurong Lake District is also a thriving economic center. It is home to numerous commercial and business developments, attracting a wide range of industries and creating job opportunities for the local community. The mix of office spaces, retail outlets, and dining establishments ensure that there is always something for everyone.

With excellent connectivity and transport options, including the Jurong East MRT station and seamless accessibility to major highways, the district is well-connected to the rest of Singapore. This makes it convenient for individuals to commute to work, explore the city, or simply enjoy the various attractions within the district.

Overall, the transformation of Jurong Lake District is a testament to Singapore’s commitment to sustainable urban development and creating livable spaces for its residents. It has successfully achieved a balance between nature and modernity, offering a unique and enjoyable experience for all who visit.

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