Jurong East mega white site a bold test of office space demand in vicinity
Despite reservations among some property market watchers about the depth of office demand in the vicinity of Jurong East MRT station, the Ministry of National Development has boldly placed a mega white site with a mandatory office component, on the confirmed list of the first-half 2023 Government Land Sales (GLS) programme.
A sale of the site will help position Jurong Lake District as Singapore’s largest business district outside the city centre, say property consultants.
The 6.8-hectare site will be sold to a master developer, which will build the project of up to 375,000 square metres (or slightly over 4 million square feet) gross floor area (GFA). This can be developed in phases over the next five to 10 years.
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