MCL to price Jurong condo at $1,250-1,350 psf

MCL Land's upcoming condominium project, Lakeville, located in the Jurong Lake District, will be launched with an average price of $1,250 to $1,350 per square foot (psf).

The group's chief executive officer, Koh Teck Chuan, told BT yesterday that this average pricing is an early-bird pricing on the balloting day to encourage potential buyers when the project is open for booking tomorrow.

The developer has not decided on the number of units in the 696-unit project that will be initially launched as that will depend on the demand, Mr Koh said. Huttons is the marketing agent for the project.