The Lakefront Residences

Overview & Key Facts

The Lakefront Residences occupies a prime position along Lakeside Drive in District 22 — the heart of the Jurong Lake District, one of Singapore’s most ambitious urban transformation zones. Developed by Keppel Land, one of Singapore’s most established developers with a track record spanning four decades, the development was completed in 2014 with 629 units across multiple towers on a 99-year leasehold site commencing 2010.

The Keppel Land pedigree is immediately visible in the build quality and landscaping. This is the same developer behind Reflections at Keppel Bay, Corals at Keppel Bay, and the Marina at Keppel Bay — projects consistently lauded for design and finishing standards. At The Lakefront Residences, that DNA translates into thoughtfully landscaped grounds, solid construction quality, and a resort-style facilities deck that punches above what most 629-unit developments deliver.

What defines this development more than anything else is its proximity to Lakeside MRT — just 260 metres away on the East-West Line. That kind of MRT access is rare for any condo, let alone one in the OCR price bracket. Combined with frontage toward Jurong Lake Gardens and the government’s multi-billion-dollar commitment to transforming Jurong Lake District into Singapore’s second CBD, The Lakefront Residences sits at the nexus of convenience today and capital appreciation potential tomorrow.

Location & Connectivity

The Lakefront Residences benefits from one of the strongest MRT positions in the entire western corridor. Lakeside MRT station on the East-West Line is just 260 metres away — a two-to-three-minute walk that makes this development genuinely MRT-adjacent rather than merely MRT-accessible. From Lakeside, Jurong East interchange is one stop away, connecting to the North-South Line, future Jurong Region Line, and the massive Westgate / JEM / IMM retail cluster.

For drivers, the AYE (Ayer Rajah Expressway) and PIE (Pan Island Expressway) are both within easy reach. The CBD is approximately 20 minutes via AYE during off-peak, while Orchard Road takes around 25 minutes. One-North and Buona Vista — increasingly important employment hubs — are roughly 15 minutes by car or a short EWL ride.

The neighbourhood’s biggest draw is Jurong Lake Gardens, Singapore’s newest national garden, which opened its Lakeside Garden section in 2019. At 90 hectares when fully complete, it will be the largest gardens outside the Central Region. Residents of The Lakefront Residences enjoy what amounts to a landscaped national park as their extended backyard — an amenity that no amount of condo MSCP development can replicate.

Daily conveniences are well covered. The Lakeside Drive area has kopitiam options and convenience shops within walking distance. For major retail, Jurong East’s JEM and Westgate malls are one MRT stop or a short drive away, offering a FairPrice Finest, cinemas, and extensive dining. The upcoming Jurong Lake District transformation promises additional retail, commercial, and leisure options within the immediate precinct over the coming decade.

Schools & Education

7 primary schools within the 1 km Priority Phase balloting radius.

Facilities

At 629 units, The Lakefront Residences sits in the mid-size sweet spot — large enough to support a comprehensive facilities roster without the overcrowding issues that plague mega-developments. Keppel Land has delivered a resort-inspired amenities deck that includes a 50-metre lap pool, a separate leisure pool, children’s wading pool, a well-equipped gymnasium, tennis court, BBQ pavilions, function rooms, a children’s playground, and landscaped garden areas with water features.

The landscaping deserves particular mention. Keppel Land’s signature attention to greenery is evident throughout the development, with mature trees, cascading water features, and thoughtfully designed garden pockets that create a sense of being in a resort rather than a suburban condo. Multiple seating pavilions and reading corners are scattered across the grounds, giving residents quiet spots away from the pool deck.

The gymnasium is well-maintained and adequately sized for the unit count. Residents generally report that facilities are not overcrowded, thanks to the reasonable unit-to-facility ratio. The 50-metre lap pool is a standout — many newer developments in the price range have downsized to 25-metre or even shorter pools to maximise buildable area.

One practical consideration: given the proximity to Jurong Lake Gardens, residents effectively gain a vast public amenity in addition to the condo’s own facilities. Jogging, cycling, and family outings at the gardens supplement the on-site offerings in a way that few other condos can claim.

Unit Sizes & Layout

The Lakefront Residences offers a unit mix ranging from 1-bedroom to 4-bedroom configurations, plus penthouses. Unit sizes are in line with the era of construction — more generous than today’s new launches but not as expansive as early-2000s developments. Two-bedroom units typically sit around 750–850 sqft, while 3-bedroom units range from approximately 1,050 to 1,200 sqft.

Keppel Land’s layouts are generally efficient with minimal wasted corridor space. The developer’s design ethos favours practical, rectangular living and dining areas that accommodate standard furniture configurations without the awkward angles that afflict some developments. Kitchens are enclosed in most configurations, which Singapore families tend to prefer for heavy cooking.

The premium stacks are those with views toward Jurong Lake and the gardens — these enjoy unblocked greenery views that are essentially permanent, as the lake and national gardens are not going anywhere. Units facing the lake command a view premium that is well justified by the outlook quality. Internal-facing units offer pool and garden views, while road-facing stacks have more urban outlooks.

Finishing quality is solid, reflecting Keppel Land’s premium positioning. Fittings are a cut above what you would find in mass-market OCR developments of the same vintage. That said, units that are now over a decade old will naturally show wear, and buyers should budget for cosmetic refresh of bathrooms and kitchens if purchasing a resale unit today.

Pricing & Market Position

Across 130 recorded transactions (all-time), sale prices range from $675,000 to $3,300,000, averaging $1,403,707.

Over the last 12 months, transactions averaged $1,710 psf.

Rents range from $1,800 to $13,000 per month across 1,083 rental transactions. Current rental yield sits at approximately 3.5%.

Rental Yield by Bedroom Type

Blended yield hides the spread between unit sizes — smaller units at THE LAKEFRONT RESIDENCES typically rent harder per dollar of purchase price. The final column shows monthly rent per $100,000 invested, so unit sizes compare on equal capital:

Price Appreciation

From 2021 to 2026, the average PSF has appreciated by 32.8% (from $1,331 to $1,767 psf).

Neighbourhood Comparison

In the immediate Jurong Lake District corridor, The Lakefront Residences competes with several developments at different price points and vintages. J Gateway, also near Jurong East MRT, trades at approximately $1,894 psf — a roughly 12% premium reflecting its interchange MRT location and slightly newer completion. However, J Gateway’s units are generally smaller and the development is denser.

The new launches tell a different story. Sora at $2,211 psf and Lakegarden Residences at $2,156 psf both command 27–30% premiums over The Lakefront Residences, largely on the strength of fresh 99-year leases and newer finishings. J’Den at $2,475 psf sits at a 46% premium. For buyers weighing new-launch versus resale, the question is whether a fresh lease and modern fittings justify paying nearly 30–50% more per square foot for potentially smaller units.

Among direct resale comparables, Caspian sits below The Lakefront Residences at approximately $1,567 psf. The price gap reflects The Lakefront Residences’ Keppel Land premium — better build quality, superior landscaping, and marginally better positioning relative to Lakeside MRT. Westwood Residences at $1,256 psf offers a budget alternative but with a notably different product quality and location profile.

The Lakefront Residences occupies a compelling middle ground: Keppel Land quality at OCR resale pricing, with MRT adjacency that matches or beats the new launches, and a proven rental track record that the new developments have yet to establish.

Lease Decay Analysis

The 99-year lease runs from 2010, meaning approximately 16 years have already been consumed. Roughly 83 years remain — still comfortably within the range where most banks will offer full financing without restrictions.

For a buyer purchasing today with a 10-year horizon (exit around 2036), the lease situation is essentially a non-issue — you’d be selling a property with ~73 years remaining, which is still very bankable. The risk profile changes for longer holds.

ShiokNest Scores

Our proprietary scoring system evaluates THE LAKEFRONT RESIDENCES across multiple dimensions.

What Residents Say

“Very well-maintained development with a resort feel. The proximity to Lakeside MRT and Jurong Lake Gardens makes everyday life incredibly convenient. Keppel Land quality shows in the common areas.”

— Resident review via PropertyGuru

“We chose Lakefront over J Gateway because of the larger units and better landscaping. The lake views from our stack are beautiful and will never be blocked. MRT is literally a short walk.”

— Owner review via EdgeProp

“Good condo overall but the area still feels like it’s waiting for the Jurong transformation to fully arrive. Weekday evenings the neighbourhood can be quiet. Hoping the new developments bring more life.”

— Tenant review via 99.co

The consensus across review platforms is positive: residents appreciate the MRT proximity, Keppel Land build quality, and the greenery. The most common criticism is that the immediate Lakeside Drive neighbourhood, while improving, still lacks the vibrancy and dining options found in more established estates. This is expected to change as Jurong Lake District development progresses, but it is a valid concern for buyers who want a lively streetscape today rather than tomorrow.

Strengths & Weaknesses

Verdict

The Lakefront Residences makes a strong case as one of the best-positioned condos in the Jurong Lake District corridor. The combination of Keppel Land build quality, genuine MRT adjacency at 260 metres, Jurong Lake Gardens frontage, and the long-term Jurong transformation narrative creates a proposition that is hard to replicate at the current ~$1,694 psf average. Competitors in the area — J Gateway ($1,894 psf), Sora ($2,211 psf), and Lakegarden Residences ($2,156 psf) — all trade at meaningful premiums, often for newer leases but not necessarily better locations.

The rental story is particularly compelling. With 1,036 rental transactions recorded, The Lakefront Residences demonstrates massive rental demand — driven by the MRT proximity, proximity to the Jurong employment cluster, and the International Business Park. At an average rent of $4,201 and a gross yield of 3.53%, this is a development that works for investor-landlords, not just owner-occupiers.

For families, West Grove Primary School at just 220 metres is a major draw for P1 balloting, and the cluster of eight schools within 1 km ensures options as children grow. The steady PSF appreciation from $1,385 to $1,792 over recent years confirms sustained demand, though the pace of growth may moderate as the area’s transformation premium gets progressively priced in.

The main reservation is the lease. At 83 years remaining from a 99-year term commencing 2010, the lease is not a near-term concern, but it will begin to matter more meaningfully for buyers on a 15–20-year horizon. For own-stay buyers planning a decade or more of residency, the current pricing offers genuine value. For pure capital-gain investors, the thesis is sound but dependent on Jurong Lake District development actually delivering on its ambitious timeline.