THE NEW HUBS
Rise of Singapore’s Jurong Lake District
SINGAPORE’S JURONG LAKE
District is set to emerge as the Asian financial hub’s second business district. The government wants the area to be a serene, open-air alternative to the city’s frenetic Central Area.
In addition to offices, the district will feature condominiums, parks and mixeduse facilities to entice businesses. Also part of the plans is Lakeside Gateway in Jurong, a scenic zone along the water filled with restaurants, cinemas, retail outlets and waterfront homes. The area is expected to become a comfortable, spacious hub for tech firms that offers lower rents and more pleasant views than Singapore’s current CBD.
The Jurong Lake District is located to the west of the main CBD, relatively far from the action. But the district will centre around a proposed high-speed train station connecting Singapore to Kuala Lumpur, and the government plans to merge several MRT lines there to make transport in and out easier.
Singapore is aiming for the district to be green and sustainable, discouraging the use of cars in the area while supporting an environmentally friendly district-wide cooling and waste system.