Singapore's newest condo in its western suburbs, to be launched available in early November 2010, is to be known as The Lakefront Residences.
It's a lakefront condominium - in as much as one can get to be "lakefront" in Singapore, that is. Which means it's separated from the parks around Jurong Lake from Yuan Ching Road in addition to a plot of vacant land (which may well turn out to eventually home another high rise). In actuality, this project already blocks the lake views of the Caspian condominium, that's still being constructed to its west. By exploring online websites you can find all about what to do before buying New Launch Condo Singapore.
Perhaps that's the reason why the programmer, Keppel Land, has chose to make internal 'lakes' and water views to echo the lake district motif this project is built around, and to shape the entire development as a 'C' which should permit a reasonable number of components to still enjoy views of the lake, if another development arise next door.
Reasons to Consider Lakefront Residences
Its proximity to the lake, as well as the joys of lakeside living, isn't this lakefront condominium's only selling point. It's another plus point - particularly where pragmatic Singaporeans are concerned: the back gate of Lakefront Residences is only a couple of steps away from Lakeside MRT station.
Now that is a big plus point, particularly where potential tenants are involved. Many prospective tenants are expatriates, who balk at the expense of purchasing a car here. (One can easily set you back about USD$70,000 or more.) Moreover, many are just here for a few years or so. They travel light too - so that components at Lakefront Residences do not have an awful lot of storage space shouldn't be an issue.
The components here are fairly small. From an investor's standpoint, however, a more compact unit translates into a lower overall price. Potential tenants, who pay rent per square foot, should also benefit.