Lake Life applications exceed 1,380 within a week of launch

[reporter2]

http://www.businesstimes.com.sg/real-estate/lake-life-applications-exceed-1380-within-a-week-of-launch

Fri, Oct 10, 2014

Lake Life applications exceed 1,380 within a week of launch

By Kelly Tay

[email protected]@KellyTayBT


WITH two days to go before e-applications end, Lake Life, an executive condominium (EC) in the Jurong Lake District, is now more than 2.5 times subscribed. Over 1,380 applications have been made for the development's 546 units, within a week since its launch.

The high demand could see Lake Life break the record number of e-applications received for a new EC launch; Sea Horizon saw over 1,500 applications last year.

Lake Life is the second EC to enter the market this year, and the first EC to be launched in Jurong in the last 17 years - the last was Summerdale in May 1997.

Pricing of the units will be announced on Nov 5, coinciding with the opening of the showflats for viewing. Bookings for Lake Life will open on Nov 8, 2014.

[princess_morbucks]

TODAY ‏@TODAYonline 46m46 minutes ago

Strong demand for Jurong executive condo does not necessarily reflect formation of robust trend: Analysts

http://www.todayonline.com/singapore/ec-market-not-set-hot-streak-despite-strong-demand-lake-life-property-analysts

[Ringo33]

Anyone got sales update for this project?

[gadiny]

From https://www.facebook.com/LakeLifeJurongEC, seems like left <20 units unsold!

[clemdale24]

omg this is crazy. considering the location.

[DC33_2008]

It is normal response with no New EC for the last 17 years.
omg this is crazy. considering the location.

[Ringo33]

It is normal response with no New EC for the last 17 years.

Its not just because there are no EC, its mainly because JLD is an attractive site with plenty of potential.

[henryhk]

EC forms the base for pte condo pricing.... don't expect new pte condo to drop too much...

[mummy]

The pricing is very attractive too, hence the strong take up rate....EC are really very good for the sandwiched class...kinda regret selling my EC 4 years ago...miss the condo pool and nice landscaping...

I think with the HSR in Jurong and JLD, potential is definitely there but must buy at a good price like this one...

[Ringo33]

800 to 930psf is not exactly very cheap.


Units were sold at an average of $857 per sq ft (psf).

Prices range from $799 to $930 psf, with an average of $685,000 for a two-bedroom, $898,000 for a three-bedroom unit, and $984,000 for a three-bedroom premium

- See more at: http://www.straitstimes.com/news/business/property/story/executive-condominium-lake-life-95-cent-sold-first-day-20141108#sthash.xPurPsqq.dpuf

[henryhk]

800 to 930psf is not exactly very cheap.

why strong take up rate is not price cheap or property revive...is just tat buys can own a condominium at affordable price, ... so it shows tat there are still investors and upgraders, ... waiting to buy at comfortable price

[Allthepies]

How many units sold?

[Ringo33]

How many units sold?

I think there are less then 20 units left, and these are low floor units. I reckon at the end of today, it will be fully sold.

[DC33_2008]

EC development will sell only if EC pricing is $200 - 250 less than adjacent private condo prices. Hence, the developer is smart to drop price just before the launch.
800 to 930psf is not exactly very cheap.

[Ringo33]

EC development will sell only if EC pricing is $200 - 250 less than adjacent private condo prices. Hence, the developer is smart to drop price just before the launch.


First and foremost, there are no adjacent condo around Lake Life, the closest is a DBSS. Secondly, the price discount is simply a marketing gimmick to generate buying interest BEFORE launch. Why this project is successful is purely because of its location as the people living around JLD area can obviously see what is coming in JLD.
And there is unlikely to be any more EC side around JLD.

[clemdale24]

the location is terrible. JLD or no JLD - oh god no way im going to live there.

im sure most buyers are jurong dwellers.

[Vpromax]

My friend just brought a unit. Compare to other condo near JDL it is far more than 25 per cent cheaper.. So it is a good deal after all..

[Ringo33]

My friend just brought a unit. Compare to other condo near JDL it is far more than 25 per cent cheaper.. So it is a good deal after all..

When fully privatized in 10 years, this project could potential become the most expensive EC in Singapore, surpassing Bishan.
By 2024 the entire JLD landscape will be very different. congrats to those who managed to get a unit at Lake Life.

[DC33_2008]

How much is the older EC westmere?
When fully privatized in 10 years, this project could potential become the most expensive EC in Singapore, surpassing Bishan.
By 2024 the entire JLD landscape will be very different. congrats to those who managed to get a unit at Lake Life.

[Ringo33]

How much is the older EC westmere?

ask this question in 10 years time

[lajia]

why ask 10 yrs later? if it is much lower than the newly launch EC, then it is also a good buy, besides, don't need to wait till it privatized. and if you don't want to answer the question, then just keep quiet la....any problem??


ask this question in 10 years time

[Patfish]

When fully privatized in 10 years, this project could potential become the most expensive EC in Singapore, surpassing Bishan.
By 2024 the entire JLD landscape will be very different. congrats to those who managed to get a unit at Lake Life.

The location sucks! Can't even compare to Bishan.

[Ringo33]

The location sucks! Can't even compare to Bishan.

There is no need to use so many different forum account to troll.
using multiple account doesnt multiply your brain power.

[Ringo33]

Those who bought Lake Life will huat before you collect your keys. Congrats to those who have bought it.
Those who havent there are only a few units left.

[Allthepies]

The location sucks! Can't even compare to Bishan.

Location to town wise Bishan is 9 MRT stops to Raffles Place while Jurong East is 10 MRT stops to Raffles Place. Wonder why people say Bishan better location, is it because they have overpaid for their Bishan properties?

One advantage of Jurong East is it is 0 stop to the 2nd CBD :cheers1::cheers1:

Be rational...ha ha...

[Allthepies]

I think Bishan is good if you stay in landed, there are some nice landed there, but if u stay in HDB/condo....yawn