Since the announcement of Jurong Lake District in 2008, properties in the Western part of Singapore have appreciated in values and are still on the upward trend. Rental rates are also on a upward trend. Jurong Region will its own Jurong Regional Line serving the residents and with the introduction of Cross-Island Line, it further improves the connectivity to most area in Singapore, especially the North East and East Region. Parc Clematis is the top-selling project in the West region during the Covid-19 crisis with 610-units sold since its launch in 2019. Clavon condo will be 1 out of the 4 new projects that will launch later part of 2020. This development is likely to be well-received by the public since there isn’t any land released for sales in District 05 under the Government Land Sales (GLS) programme in 2020.
Source: The Business Times
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