The government's plans for the Jurong Lake District have been widely well-received by market watchers. They noted that it is important to re-brand Jurong away from its industrial estate image to a more vibrant one. However, on the other hand, there are concerns that the government may be moving too fast for the market. Some analysts said the proposed 10- to 15-year time frame may be a little tight,...
Jurong Lake District
Jurong is set to be home to the largest commercial hub outside the city centre. The Jurong Lake District – made up of two precincts, Jurong Gateway and Lakeside – will offer a potential development area of 360 hectares or about the size of Marina Bay. National Development Minister Mah Bow Tan announced this when he unveiled part of the government's ‘Draft Master Plan Review 2008’. The blueprint...