Lakepoint Condominium has a website location of 562,286 sq feet as well as is zoned for residential usage, with a story ratio of 1.4, under the URA Master Plan 2019. For the north-east limit, blocks up to an elevation of 12 storeys could be supported, provided it does not go beyond the height of the existing 12-storey block as well as a minimal problem of 10m from the common border with Caspian condo is applied. URA has actually specified it is prepared to take into consideration further relaxation of the building elevation of up to 16 storeys for the staying blocks along the north/north-west border, subject to a minimum 30m obstacle from the usual border with Lakeholmz condominium.
PropNex Realty, the exclusive marketing agent of the Lakepoint Condominium cumulative sale, has introduced updates to the land planning specifications of the site in a press release on July 13, adhering to URA’s reply.
URA has actually stated to the Lakepoint Condominium Collective Sale Committee that it is “prepared to unwind elevation controls for future advancements on the website”, based on problems as well as detailed examination upon formal planning application, according to PropNex.
” We are heartened that the URA is prepared to kick back the varying elevation controls. With several of the blocks going as high as 12 and also 16 floors, this will certainly catch spectacular sights of the Jurong Lake Gardens in the brand-new development,” states Tracy Goh, head of financial investment and cumulative sales at PropNex.
PROMOTION
Lakepoint Condominium has a website location of 562,286 sq ft as well as is zoned for household use, with a plot ratio of 1.4, under the URA Master Plan 2019. The advancement consists of 304 household units and also 5 shop systems. It lies within strolling distance of the Lakeside MRT Station. The site is likewise near the Jurong Lake District, which will certainly be the biggest mixed-use downtown outside the city centre. There are a total of 2,652 household devices within a 500m span, of which 712 devices are from the adjoining Caspian.
Map and also introduction of Lakepoint Condominium (Source: EdgeProp LandLens).
Along the southerly border block facing landed houses, URA is prepared to kick back the existing five-storey height control to seven-storey for the blocks. For the north-east boundary, blocks as much as an elevation of 12 storeys could be sustained, gave it does not surpass the height of the existing 12-storey block and also a minimum setback of 10m from the usual limit with Caspian condo is enforced. URA has actually specified it is prepared to take into consideration more relaxation of the building height of approximately 16 floors for the continuing to be blocks along the north/north-west border, based on a minimal 30m setback from the usual border with Lakeholmz condominium.
JTC has additionally validated the growth standard, which converts to an approximated land rate of $988 psf per plot proportion, inclusive of the growth fee as well as lease top-up costs.
The get price continues to be at $640 million.
Lakepoint Condominium, a 99-year leasehold development situated on Lakepoint Drive in Jurong, was relaunched for cumulative sale on April 19. The earlier tender shut without bids, as well as PropNex has actually participated in personal treaty talks with interested events after the Lorong 1 Toa Payoh Condo tender closed.
