District 22
Jurong Lake District
Singapore's second Central Business District
Overview
Precinct overview
The 360-hectare Jurong Lake District is the largest mixed-use business district outside the city centre, planned to deliver 100,000 jobs, 20,000 new homes and 1.7 million square metres of commercial space. Entry pricing sits 45–55% below the CBD, offering the deepest appreciation runway of any Singapore precinct.
Investment advantages
- Second CBD designation with committed government investment
- Entry pricing far below Marina Bay and Raffles Place
- Future Cross Island Line and regional transport interchange
- Integrated Jurong Region Line opening in phases through 2029
Market performance
Current indicators
- Residential median
- S$1,980 psf
- Office rent
- S$7.20 psf/mo
- Occupancy
- 93.4%
- Gross rental yield
- 3.9 – 4.5%
Residential median: +7.2% year-on-year
Office rent: +4.1% year-on-year
Occupancy: Office
Gross rental yield: Residential
Rental demand
Decentralised corporate relocations and the western industrial employment belt sustain steady household formation.
Office demand
Cost-conscious back-office and regional headquarters functions are migrating west for space at roughly 40% of CBD rents.
Residential demand
Government Land Sales cadence remains disciplined, keeping new supply tightly matched to absorption.
Connectivity
Infrastructure & transportation
Infrastructure
- Jurong Region Line (phased to 2029)
- Cross Island Line interchange
- Jurong Lake Gardens national gardens
- Pan Island and Ayer Rajah Expressway convergence
MRT connections
- Jurong East (NS/EW/JR)
- Chinese Garden (EW)
- Lakeside (EW)
Business districts
- Jurong Gateway
- Lakeside Gateway
- International Business Park
Current developments
- Elevate Lakeside Quarter
- Elevate Jurong Gateway Tower
Featured projects
Developments in Jurong Lake District
Jurong Lake District · District 22
Elevate Jurong Gateway Tower
A 34-storey Grade A tower anchoring the Jurong Gateway precinct of Singapore's second Central Business District.
- From
- S$1.62M
- Yield
- 4.3 – 4.8%
- Completion
- Q3 2029
Jurong Lake District · District 22
Elevate Lakeside Quarter
A lakefront precinct of 520 residences, business park offices, retail and a 220-key hotel beside Jurong Lake Gardens.
- From
- S$938,000
- Yield
- 3.9 – 4.7%
- Completion
- Q4 2029