A New 570-Unit Mixed-Use Condo Is Launching Next To Lakeside MRT — Lucerne Grand Starts From $1.498M
City Developments Ltd (CDL) will preview its latest project, the 570-unit Lucerne Grand, on Friday Sept 18. The 99-year leasehold project is next to Lakeside MRT station on the East-West Line (EWL), and is the newest mixed-use development in Jurong Lake District.
The entire development consists of five 17-storey residential towers, Lucerne Grand, and a ground floor retail component named Lucerne Galleria. The retail mix includes a supermarket and F&B options.
The residential mix features two- to four-bedroom units of 624 sq ft to 1,432 sq ft. Indicative prices start from $1.498 million for a 624 sq ft two-bedroom unit, to $1.988 million for a 883 sq ft three-bedroom unit, and $2.788 million for a 1,152 sq ft four-bedder.
News pieces like this explain what’s happening in the market. Our consultations are designed to help you understand what it means for your own property decisions.
If you’re considering buying, selling or upgrading, we’d be happy to help you work through your options.
| Unit Type | Area (sq ft) | No. of units |
| Two-Bedroom | 624 | 222 |
| Two-Bedroom + Study | 667 – 710 sq ft | |
| Three-Bedroom | 872 – 904 sq ft | 253 |
| Three-Bedroom Premium + Study | 947 – 1,001 sq ft | |
| Four-Bedroom Premium | 1,152 – 1,195 sq ft | 95 |
| Four-Bedroom Premium + Study | 1,345 sq ft | |
| Four-Bedroom Premium + Entertainment | 1,432 sq ft |
According to CDL, the new development is inspired by the alpine city of Lucerne in Switzerland, and the architecture of the mixed-use project supposedly features a mountain-and-lake design. This is reflected in its overall architecture features angular forms inspired by the shapes of the alpine mountain landscapes.
Lucerne Grand is also next to Lakeside MRT station, which is two stops away from Jurong East MRT Interchange that currently serves the EWL and North-South Line. Jurong East will also interchange with the Jurong Region Line in the future.
Nearby academic institutions include Rulang Primary School, River Valley High School and Nanyang Technological University (NTU). The area is also well connected via the Pan Island Expressway (PIE), Kranji Expressway (KJE) and Ayer Rajah Expressway (AYE).
It has been just over two years since Jurong East and the Lakeside area has seen a new project launch. The most recent was the 440-unit SORA on nearby Yuan Ching Road. That project hit the market in July 2024 and moved 23% of its units during its opening sales weekend. According to URA caveats, SORa has sold at least 232 units (52.7%) to date, and achieved an average selling price of $2,229 psf.
Before that, the area also saw the launch of The Lakegarden Residences in August 2023. The 306-unit development, also on Yuan Ching Road and neighbouring SORA, is nearly fully sold with caveats indicating that only two units remain unsold. The project has also achieved an average selling price of $2,160 psf.
However, Lucerne Grand has an edge over the previous two new developments. Being situated next to an MRT station as well as the retail component will be a draw to some buyers. CDL is also banking on the project’s proximity to the Jurong Lake District and the Jurong Lake Gardens to convert buyers’ interest into sales.
Plans are afoot to turn Jurong Lake district into the largest commercial district in Singapore outside of the Central Business District (CBD). Supporting these plans are key business and lifestyle hubs around Jurong East, including the Jurong Innovation District, Jurong Gateway, new Science Centre and Jurong Point Shopping Centre.
The 90-ha Jurong Lake Gardens has also benefitted from a recent overhaul that has added more green spaces and recreational facilities, like the Jurong East Sports & Recreation Centre and ActiveSG Sport Village @ Jurong Town.
Thus, the unveiling of Lucerne Grand comes at a pivotal time in the transformation of the wider Jurong precinct, says Sherman Kwek, Group CEO of CDL. “As the precinct continues to evolve, Lucerne Grand is well positioned to benefit from Jurong’s ongoing transformation, offering homebuyers a rare opportunity to be part of its remarkable growth story”.
The sales gallery of Lucerne Grand, located along Yuan Ching Road and next to Lakeside MRT station, will be open for public preview on Friday, Sept 18. The project is marketed by Huttons Asia, OrangeTee & Tie, PropNex Realty, ERA Singapore, and SRI.
Look out for our comprehensive Condo Review of Lucerne Grand in the coming days to hear our take on the latest project to hit Jurong East. We’ll also publish an extensive Price Review of the project for prospective buyers.
A single headline is rarely enough to change your plans. The value comes from understanding how today’s news fits into the broader direction of the market.
If you’d like to talk through what a shift like this means for your own timing, purchase, or exit, you can reach out for a one-to-one consultation here.
And if you simply have a question or want to share a thought, feel free to write to us at stories@stackedhomes.com. We read every message.
Frequently asked questions
What is the location of Lucerne Grand?
What types of units are available at Lucerne Grand and what are their sizes?
What are the starting prices for units at Lucerne Grand?
What features inspired the architecture of Lucerne Grand?
What amenities are included in Lucerne Grand?
How does Lucerne Grand benefit from its location in Jurong Lake District?
0 Comments