CDL's Jurong Lake project starts sales bookings on 3 October. Two-bedders from S$1.5 million, three-bedders from S$1.99 million, and a land cost that looks very different from the records being set on the other side of the island.
City Developments started previews for its 570-unit Lucerne Grand on Friday 18 September, with sales bookings opening 3 October. The 99-year leasehold project is directly linked to Lakeside MRT station and is the first private launch in the immediate Lakeside area since Lake Grande in July 2016.
City Developments began previews for Lucerne Grand on Friday, 18 September, with sales bookings opening on 3 October. It is a 570-unit, 99-year leasehold project at Jurong Lake, directly linked to Lakeside MRT station — and it is the first private launch in the immediate Lakeside area since Lake Grande was marketed in July 2016.
Ten years is a long gap in a district the government has spent that decade planning around.
| Unit Type | Size | From | Approx psf |
|---|---|---|---|
| 2-bedroom (222 units, 39%) | 624 sq ft | S$1.50m | S$2,401 |
| 3-bedroom (253 units, 44%) | 883 sq ft | S$1.99m | S$2,251 |
| 4-bedroom (95 units) | 1,152 – 1,432 sq ft | S$2.79m | S$2,422 |
There are no one-bedroom units, which is a deliberate choice and tells you who CDL thinks is buying. A unit mix weighted 83 per cent toward two- and three-bedders is aimed at owner-occupiers and small families rather than at investors chasing the cheapest possible entry ticket.
Note also that the three-bedroom units come in at the lowest psf of the three types. That's unusual enough to be worth flagging — it generally means the developer is pricing the larger quantum to move, and it's where the value tends to sit in the first few weeks of a launch.
The project comprises five 17-storey residential blocks with a ground floor commercial component including a supermarket, F&B outlets and shops. Vacant possession is expected by 7 December 2031.
CDL acquired the site through the government land sales programme in June 2025 for S$608 million, or S$1,132 psf ppr, beating five other bids.
Put that next to what has been paid since. The Lorong Puntong site in the Sin Ming area went for S$1,612 psf ppr this month. Berlayar Drive went for S$1,515 psf ppr in August. Upper Changi Road set an Outside Central Region record at S$1,537 psf ppr in early September.
Why this matters to a buyer: a developer who secured land at S$1,132 psf ppr has materially more room than one who paid S$1,600. That doesn't guarantee a discount — developers price to the market, not to their cost. But it does mean that if take-up is slower than hoped, this project has the flexibility to respond, where a record-land-rate project has almost none. Room to move is worth something.
Lucerne Grand is two train stops from the first phase of the upcoming new business district. A 3.72-hectare white site near the Jurong East MRT interchange has been put up for tender closing in November, and is expected to yield around 83,200 square metres of commercial space including offices and retail, up to 1,200 new private homes, and up to 24,000 square metres of serviced apartments.
That is the Jurong Lake District thesis in one paragraph: a second CBD being assembled over years, with residential arriving alongside it. Existing private stock nearby includes the 440-unit Sora launched in 2024, the 368-unit J'den, and the 306-unit LakeGarden Residences first marketed in 2023.
The honest counterpoint is that this thesis has been running for a while, and buyers have heard it before. Infrastructure timelines in Singapore are reliable but long. If you are buying on the business district story rather than on the home itself, you are underwriting a decade, not a cycle.
On a building-under-construction purchase with completion in December 2031, you don't pay the full quantum up front — you pay in stages as construction hits each milestone, and your monthly commitment climbs with it. Worth mapping before you commit to a unit, especially if you're still servicing an existing home.
Open the progressive payment calculator →The direct MRT link is the genuinely durable feature here. Master plans shift, business districts fill up slower than projected, and commercial tenants come and go — but a covered walk to the platform is the same benefit in 2031 as it is now, and it's the thing resale buyers consistently pay for.
On the entry price, S$1.5 million for a 624 sq ft two-bedder is a serious number for a unit of that size, and I'd want anyone considering it to be clear about why. If it's to live in, near the MRT, in a district that's being built up — that's a reasonable case. If it's a rental play, run the yield on the actual quantum rather than the psf, because 624 sq ft rents for what 624 sq ft rents for regardless of what you paid.
The three-bedders are where I'd look first. Lowest psf in the project, the deepest unit count so the widest choice of stack and facing, and the type that holds up best on resale in a family-oriented catchment. In a launch this size, being early matters mainly for stack selection, not for price.
Looking at Lucerne Grand, or comparing it against the other Jurong Lake District projects?
WhatsApp Bryan → More guides →Sources: The Business Times, 17 September 2026, "CDL to launch 570-unit Jurong Lake project Lucerne Grand with prices from S$1.5m" by Jeanne Mah. Prices quoted are indicative starting prices as reported at preview stage and may change. See also our earlier pieces on the H2 2026 launch pipeline, why Q4 is the real demand test, and our area guide to Lakeside property. This article is for informational purposes only and does not constitute financial advice.
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