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Jurong West: The Next Prime Area to Buy an HDB

Resale HDB

Ohmyhome

January 24, 2018

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The best of the west is about to unfold!

You might have heard about the booming changes west of Singapore. But do you know how it would benefit you as a homeowner or as an HDB buyer?

West districts such as Jurong West and Boon Lay are poised for further growth. Not only is it fast becoming a district filled with shopping malls but because there are more residential developments planned, as well as a slew of innovative high-tech industrial areas, which makes it an attractive place to live, for both locals and expatriates.

Be excited with these developments in the urban jungle of Southeast Asia:

1. Jurong Innovation District

Nestled among Lakeside, Boon Lay and Pioneer MRT stations, Jurong West is prime for economic growth. The Government is expected develop the Jurong Innovation District (JID) located close to NTU to support the growth of learning, research, innovation and production industries. All these is expected to be completed by around 2022. JID is envisioned as the industrial park of the future of innovation for enterprise, learning and living.

2. Jurong Lake District

Jurong Lake District (JLD) is labelled as a new gateway for Singapore by the Urban Redevelopment Authority (URA). It is set to become the largest commercial and regional centre outside Singapore’s city centre. The High-Speed Rail to Kuala Lumpur will open new markets and opportunities in a metropolitan region of more than 10 million people. JLD is envisioned to be Singapore’s first national gardens in the heartlands, where the 90-hectare gardens will be a people’s garden for leisure and recreation.

3. Wenya Industrial Estate

Besides existing industrial estates, residents can find employment opportunities with the upcoming Wenya Industrial Estate where Google’s first data centre in Southeast Asia will be housed. Google had acquired 2.45 hectares of land in Jurong West, this will serve users across the region. This data centre is one of the most efficient and environmentally friendly in Asia – its cooling system will rely on recycled water, and it was built to the same high standard we use around the world, with each element custom designed to operate at optimal efficiency.
This industrial estate will progressively develop into several sites for small and medium-sized enterprises, as well as multinational corporations. With the booming start-up industry in Jurong West, it will spur demand for people buying a HDB and commercial spaces rental within the area.

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4. Future Tuas Port and Tuas West Extension

The future Tuas Port offers an attractive location for firms in the Maritime Services sector, given its proximity to the new port and the surrounding industrial and logistics clusters. While the Tuas West Extension (TWE) stretched the East-West Line from the existing Joo Koon station with four new stations – Gul Circle, Tuas Crescent, Tuas West Road and Tuas Link. TWE is expected to benefit 100,000 commuters daily and improve MRT connectivity in the Tuas area.

The massive expansion plans for Jurong West area provides employment opportunities and will help increase the value of your HDB. The developments in transportation is also expected to enhance the flow of talent and travellers, facilitate knowledge, business and cultural exchanges, and stronger social links. There’s no doubt that all these make Jurong West an attractive hub for regional businesses to benefit the residents, thus, making it an attractive location to buy an HDB, work and play.

Start your search for your next home in Jurong West the DIY way.

Sources: URA (2017), HDB (2017), Google (2016), The Straits Times (2016), Ong (2016), URA (2016)