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1st Lake District site on sale
Property experts expect muted response in light of downturn.
THE transformation of Jurong into Singapore's Lake District of the West was set in motion on Friday as the Government released sales details of its first site for tender. Up for grabs is a 1.9 ha white site, attractively located next to Jurong East MRT Station, with 30 per cent of gross floor area (GFA) for office use. The remainder of the maximum GFA of roughly 1.15 million sq ft can be used for commercial, hotel or residential, said the Urban Redevelopment Authority (URA) on Friday.
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