The arrival of Westgate and Jem shopping centres in Jurong East has resulted in a surge in property prices. These two malls are the only ones that provide direct access to Jurong East’s MRT and Bus Interchange stations. The Westgate shopping complex in Jurong East is a popular destination for people who love shopping and enjoy the convenience of shopping without having to leave their home.
Jurong Lake District
Shopping Centres such as Westgate and Jem are attracting more property investors to Jurong East. They cater to both family and lifestyle buyers and are located near the Jurong East MRT station and Bus Interchange, allowing residents to easily get to the malls.
The area is undergoing a major transformation, with the upcoming Jurong Innovation District and Jurong Lake District. This 360-hectare area will feature the largest mixed-use business district outside the city centre, complete with quality office buildings, amenities and abundant green spaces.
The Jurong East MRT station is also conveniently located near J Gateway. Located along Jurong Town Hall Road and Boon Lay Way, it offers easy access to both the Jurong East MRT station and Ng Teng Fong General Hospital. The launch price is comparable to other Jurong condos, at around $1,480 psf. However, Parc Oasis is almost half the price of J Gateway.
Westgate is an integrated shopping and office development located just a few minutes’ walk from the Jurong East MRT station. The mall is home to the largest outlet mall in Singapore. Westgate also has direct connections to the Jurong East bus interchange.
The Jurong Lake District is a major government initiative. It has its own website and was mentioned in the National Day Rally speech. Although the area has cooled down somewhat since its 2012 relaunch, it still has huge potential for growth. Some of the key developments in the West Region include the Jurong Innovation District and Jurong Lake Gardens.
In Jurong East, Singapore, shopping centres such as Westgate and Jem are boosting properties in the area. The shopping mall is connected to Jurong East MRT station and is close to the Jurong East Bus Interchange. It also has a wide variety of restaurants, shops, and entertainment options. The mall is expected to generate a significant amount of sales and rental income for the surrounding area.
The Westgate mall opened on 2 December 2013, partly air-conditioned, and partly naturally ventilated. Its distinctive layout and big name tenants make it stand out from other malls in the area. However, its price tag makes it a more expensive option than some of the other malls in the area.
As for the potential for business growth in Jurong East, the nearby Jurong Lake District is being rejuvenated. The government is working to make the Jurong Lake District into a regional hub. As part of its Remaking Our Heartland initiative, the Jurong Lake District is expected to become a thriving hub for business in the area. Although current prices in Jurong East are still low – the average price per square foot is $784 – they are poised to increase even further in the future. Furthermore, 6 new condo launches are in the pipeline.
Located at the outskirts of Singapore, Jurong is far from the city centre but still equipped with basic amenities. It is a popular choice for families and has greenery that is conducive to outdoor activities.
Jurong Lake Gardens
The development of shopping malls like Westgate and Jem in Jurong East is good news for the local property market. Both are conveniently located near the Jurong East MRT station and Jurong East Bus Interchange. They are an excellent investment opportunity for prospective investors. In addition to these, they offer a variety of amenities and services to the surrounding community. These developments also provide a great deal of employment opportunities.
In addition to these retail projects, Jurong East is also getting a makeover. While it is still far removed from the city centre, it is home to basic amenities and has plenty of greenery and outdoor activities. That makes it a great location for families.
The area is fast becoming the second business district in Singapore. It is home to many prominent shopping centres, including Westgate, J Cube and IMM. The Jurong East MRT station is located within the International Business Park and is accessible via the Ayer Rajah Expressway and the Pan Island Expressway.
The area is also prime for property developers. The newly-built Westgate mall is expected to debut at the end of the year, while the new Jem is expected to be around 230,000 square feet. These developments are slated to attract more property developers to Jurong Lake. However, existing retail malls will need to revamp their tenant mix and move towards mixed development projects.