Lucerne Grand Review, Investment Analysis & Market Insights

Why Invest in Lucerne Grand

1. Reputable Developer: City Developments Limited (CDL) is recognised as one of Singapore's most established and trusted property developers with over 60 years of track record and a global portfolio spanning 168 locations across 29 countries.
2. Excellent MRT Proximity: Door-step access to the Lakeside MRT station (East-West Line) located approximately 50m away, and two stops to the upcoming Jurong East Integrated Transport Hub.
3. Expanding MRT Network: Upcoming Jurong Regional Line (JRL) and Cross Island Line (CRL) to enhance the district's connectivity and ease of travel.
4. Excellent Expressway Access: A short drive to the Ayer Rajah Expressway (AYE) and Pan-Island Expressway (PIE), offering drivers convenient island-wide connectivity.
5. Mixed Development: Ground-floor commercial units provide convenient access to retail and lifestyle amenities, enhancing the appeal to both owner-occupiers and renters.
6. A Vibrant Shopping Haven: Two MRT stations to Jurong East Central, home to major shopping malls such as JEM, Westgate, IMM, and other amenities.
7. Nature and Recreation: Adjacent to Jurong Lake Gardens with waterfront promenades, cycling paths, and a wide range of leisure and outdoor activities.
8. Proximity to Popular Primary Schools: The popular Rulang and Shuqun primary schools are located within a 1-km radius.
9. Jurong Lake District Transformation: Strategically positioned to benefit from its transformation into Singapore's second CBD, with a target of creating 100,000 new jobs and 20,000 new homes.
10. Investment Potential: The area’s transformation into a mixed-use district, alongside the development of key employment hubs such as the Jurong Innovation District and Tuas Mega Port, will boost housing demand and property values.

Lucerne Grand Fact Sheet

Who is the Developer of Lucerne Grand?

Lucerne Grand will be developed by City Developments Limited (CDL), a globally recognised real estate corporation listed on the Singapore Stock Exchange. With over six decades of experience, CDL has delivered over 53,000 residential units and manages over 23 million square feet of gross floor area in 29 nations.

As a leader in sustainable development, it was awarded 23 BCA Green Mark certifications, more than any other private developer under this scheme. In 2024, it also became the first to win the BCA Company of the Year award while retaining its Quality Champion designation for 12 consecutive years.

Some of its latest developments include Newport Residences, Union Square Residences, and Copen Grand Executive Condominium.

What are the Launch Prices for Lucerne Grand?

The launch prices for Lucerne Grand have not been released yet. However, based on its land price of $1,132 psf ppr, which translates to an estimated breakeven cost of $2,181 psf, it is likely to sell at an average price of $2,400 psf to $2,500 psf.

For context, the nearby Sora has transacted at approximately $2,326 psf, while Lakegarden Residences has averaged $2,189 psf (as of May 4, 2026). Both developments were launched in 2024, when land costs were lower.

However, it must be noted that these two developments are not within walking distance of their nearest MRT station, which is also Lakeside.

Thus, Lucerne Grand is expected to be priced at a premium over them due to its more favourable location.

Where is Lucerne Grand Located?

Lucerne Grand is located at Lakeside Drive in Singapore’s District 22, and at the heart of the Jurong Lake District (JLD) transformation, one of the most ambitious and transformative projects to develop it into the second-largest CBD under the URA's Master Plan.

The property sits on a highly desirable land plot next to the Lakeside MRT Station and close to the Jurong Lake Gardens.

The upcoming Jurong East integrated transport hub is only two MRT stations away.

Facing its West side is the Lakefront Residences, which was launched in 2014. And facing the East across the Jurong River is Yuan Ching Secondary School.

MRT Connectivity

Lakeside MRT Station

Lucerne Grand enjoys excellent MRT connectivity as the Lakeside MRT station on the East West Line is located only about 50m away. Two train stations away is the Jurong East MRT interchange, which is currently being redeveloped into an Integrated Transport Hub.

It will also become an interchange for the Jurong Regional Line after its Stage 2 is completed in 2028.

With the MRT network expansion, commuting across Singapore will be greatly enhanced.

Residents of Lucerne Grand will also enjoy direct access to the Central Business District (CBD), Downtown Singapore and Changi Airport.

Expressway Connectivity

Lucerne Grand is located a short drive from two major expressways, which allows vehicle-owning residents to travel across the island more efficiently and with less stress.

• Ayer Rajah Expressway (AYE): It provides a direct route to One-North, CBD, and Harbourfront.
• Pan-Island Expressway (PIE): It provides convenient connectivity to Changi Airport, Novena, and the city centre.

Nearby Amenities and Lifestyle Options

Lucerne Grand residents will be able to enjoy a wide variety of shopping and dining facilities in the vicinity.

Apart from the commercial units within the development itself on its first floor, they will also have access to a wider array of larger shopping malls and neighbourhood centres via a short ride on the MRT, bus, or car.

• JEM (Jurong East) - 2 MRT stops; major lifestyle mall with cinema and dining.
• Westgate (Jurong East) - 2 MRT stops; family shopping and lifestyle hub.
• IMM (Jurong East) - Singapore's largest outlet mall; ideal for furniture and homeware.
• Jurong Point Shopping Centre - One MRT stop; a suburban mall offering diverse thematic food zones, extensive retail brands, and essential services.
• Boon Lay Shopping Centre - 13 minutes by ride; a traditional heartland complex providing affordable local groceries, everyday amenities, and a popular wet market and food centre.

Healthcare and Community Facilities

• Ng Teng Fong General Hospital (Jurong East): 2 MRT stops.
• Jurong Community Hospital (Jurong East): 2 MRT stops.
• Jurong Polyclinic: 13 minutes by bus.
• Jurong Regional Library (Jurong East Central): 2 MRT stops.

Nearby Nature Parks and Green Spaces

Another main attraction for the residents at Lucerne Grand is its proximity to the Jurong Lake Gardens, which is a 90 ha national waterfront park that is divided into three distinct parks:

• Lakeside Garden: Focused on nature and play, featuring the Clusia Cove water area and the Forest Ramble adventure park.
• Chinese Garden: A cultural site featuring restored iconic pagodas, a serene Bonsai Garden, and the majestic Grand Arch. New additions, such as the Water Wall Court, blend traditional architecture with modern, lush landscapes.
• Japanese Garden: A Zen-themed garden featuring the dramatic new Sunken Garden and Singapore's largest water lily collection. Restored stone lanterns and arched bridges offer a peaceful, contemplative floral retreat.

Collectively, these spaces integrate biodiversity with community recreation. The gardens are further linked by the Garden Promenade, connecting the lush greenery to the future New Science Centre and integrated tourism hub.

New Science Centre at Jurong Lake Gardens

New Singapore Science Centre

The new Science Centre is currently being reconstructed near Jurong Lake Gardens. Once completed in 2027, it will attract more footfall through its engaging and lifestyle-enhancing activities.

A key highlight is the inclusion of large glass "monocles" at the ends of its interlocking blocks. These oversized windows serve as viewing portals that frame panoramic views of Jurong Lake, integrating the natural landscape into the visitor experience.

Ultimately, this will enhance the vibrancy of the Lakeside precinct, increasing the long-term appeal of Lucerne Grand for both owner-occupiers and property investors.

Proximity to Educational Institutions

With eight primary schools located within a 2km radius of Lucerne Grand, this will greatly appeal to families with young children. Those children entering Primary 1 will benefit from priority admission under the Ministry of Education’s distance-based allocation system.

Secondary Schools

Several secondary and tertiary institutions are accessible via a short walk, drive or MRT ride, which include the following:

• Yuan Ching Secondary School.
• Yuhua Secondary School.
• Fuhua Secondary School.
• Hua Yi Secondary School.
• Jurongville Secondary School.
• River Valley High School.
• Boon Lay Secondary School.
• Jurong Secondary School.
• Jurong West Secondary School.

Junior College, Polytechnic, and University

Nanyang Technological University (NTU)

The nearest junior college and polytechnic are Jurong Pioneer JC and Ngee Ann Polytechnic, located approximately 20 minutes and 16 minutes away by car, respectively.

University students will enjoy proximity to the Nanyang Technological University (NTU), which will be a short train ride away after Stage 3 of the Jurong Regional Line is completed in 2029. This is before the TOP for Luncerne Grand.

With convenient access to educational institutions, Lucerne Grand will especially appeal to families with children who are still studying, supporting long-term owner-occupier demand and property values.

Lucerne Grand’s Investment Potential

The development of the Jurong Lake District (JLD), which is expected to progress over the next two to three decades, will be one of the most ambitious decentralisation efforts undertaken by Singapore.

By turning this western part of Singapore into an exciting urban mixed-use precinct, it will offer strong long-term investment opportunities.

Jurong Lake District (JLD): Second Central Business District (CBD)

According to the JLD Master Plan, it will be transformed into a vibrant mixed-use urban hub and become the largest central business district outside the city. It will comprise three integrated zones:

• Jurong Gateway: The primary commercial and business hub.
• Lakeside Precinct: The residential and recreational heart, home to Lucerne Grand, centred on lifestyle and nature.
• Lakeside Gateway Tourism Node: A future waterfront link between the above two, featuring hotels, entertainment, and world-class attractions.

The JLD Master Plan will also seek to create 100,000 new jobs and 20,000 new homes, providing a significant base of future upgraders.

Tengah BTO Upgrader Demand

Tengah is Singapore’s first new HDB town in over two decades, following the development of Punggol, and is located very close to Jurong Lake District.

As more HDB BTO projects will be completed from 2027 onwards, the growing resident base will create a strong pipeline of upgrader demand in the western region.

Hence, Lakeside condominiums like Lucerne Grand are well-placed to benefit from this strong upgrading base.

Comparative Market Analysis

To evaluate the investment potential of Lucerne Grand, we analyse how four condominiums located near it have performed since they were launched (see chart below):

• Lakepoint Condominium.
• The Lakeshore.
• Caspian.
• Lakefront Residences.

Trend Analysis: Lakepoint vs Lakeshore vs Caspian vs Lakefront Residences

Project Comparison Information

The chart indicates that Caspian has delivered the strongest performance among the developments analysed. This can be attributed to a combination of factors:

• Competitive launch price.
• Located only about 315m from Lakeside MRT.
• Positive sentiment arising from the announcement of the Jurong Lake District transformation in April 2008.

The second-best performer, The Lakefront Residences, is located even closer to the MRT station (around 220m). Its performance reinforces a consistent market driver - both owner-occupiers and investors place a significant premium on accessibility and convenience, particularly proximity to an MRT station.

In this context, Lucerne Grand stands to reap similar benefits. Its location next to Lakeside MRT station is likely to be one of its most appealing factors, supporting both liveability and long-term investment.

As for the other two developments - Lakepoint and Lakeshore - they have also recorded respectable outcomes with annualised gains of approximately 3.51% and 3.83%, respectively. While not really head-turning, their results suggest steady, sustainable growth over time.

Meanwhile, against the backdrop of rising land costs across Singapore, an estimated launch price between $2,400 to $2,500 psf for Lucerne Grand appears reasonable.

For comparison, Vela Bay at Bayshore achieved an average launch price of $2,886 psf at its sales launch on April 25, 2026, with about 72% of its 515 units taken up.

However, this higher pricing should be viewed in context - its land cost of $1,388 psf per plot ratio (ppr) is higher than Lucerne Grand’s estimated $1,132 psf ppr, suggesting that Lucerne Grand may offer relatively better value from a cost perspective despite both developments being located in the Outside Central Region (OCR).

For a deeper investment evaluation of Lucerne Grand, please reach out to me for your free PrimeKey Analysis Report. Alternatively, you can WhatsApp me.

PrimeKey Analysis is a data-driven property investment framework that analyses eight factors, such as growth hotspots, upgraders' demand, MRT and school proximity.