The Jurong Lake District will be a hub for new employment and development in the Jurong Region. The Master Plan for the area will be based on the needs of the community and will be open to public consultation. The Jurong Lake District Master Plan will be completed in phases.
CEL Development
The former Park View Mansions Condo is now up for collective sale. The developer is aiming to sell the 160 units for $240 million per plot ratio, which is a bit below its asking price of $320 million. The developer will be developing this property in an eco-friendly manner, and hopes to attract HDB upgraders. The site is also located in a convenient location, with the Lakeside MRT station just a few minutes away.
The developer is CEL Development, a wholly-owned subsidiary of mainboard-listed developer Chip Eng Seng. The company is backed by the Tang family. Other …