Lucerne Grand Sells 61% of Homes in Launch-Weekend Snapshot

A mixed-use home beside Lakeside MRT

Lucerne Grand at Lakeside Drive combines five 17-storey residential towers with Lucerne Galleria on Level 1, where CDL plans a supermarket and food, beverage and retail outlets. The development is directly linked to Lakeside MRT station on the East-West Line and sits near the 90-hectare Jurong Lake Gardens and the Jurong Lake District.

For an owner-occupier, that combination puts the daily journey and access to amenities at the centre of the comparison. The developer’s plans describe the setting; the specific unit’s layout, facing and usable space determine how well it works for a household.

Starting prices show the budget choices

CDL’s published launch prices start at S$1.498 million for a 624 sqft two-bedroom unit, S$1.988 million for an 883 sqft three-bedroom unit and S$2.788 million for a 1,152 sqft four-bedroom premium unit. Two-, three- and four-bedroom premium homes were among the most popular types, according to the developer.

These are starting prices for identified unit types, rather than a price list for every available home. The project’s quoted average is neither a median nor the price of a particular unit. A buyer should compare the actual purchase quantum and floor plan, rather than apply the headline psf figure to a preferred size.

The reported buyers were Singaporeans and PRs

CDL reported that about 93% of launch-weekend buyers were Singaporeans and the remaining 7% were Permanent Residents. The PR buyers came from Malaysia, China, India, Bangladesh, Myanmar and South Korea. This identifies the buyer mix in the announcement; it does not establish their purchasing motives or whether they bought for occupation or investment.

Other Q4 launches widen the shortlist

Real Estate Asia’s 6 October report identified Thomson Reserve and The Serra Residences alongside Lucerne Grand in a quarter with roughly 2,000 homes expected to launch. That is a reported pipeline estimate, rather than an official URA supply count, and launch schedules may change.

These projects need not suit the same buyer. Location, unit mix, total budget and occupation timing are more useful filters than comparing take-up percentages alone. The existing new launch project reviews provide a starting point for a shortlist, while the private-home flash estimate offers separate market context.

Compare the home and the payment timeline

A prospective buyer can first identify the rooms and living space the household needs, then compare the shortlisted units using the floor-plan selection guide. Check the authorised price and availability for those units at decision time, including the applicable duties, legal costs and financing requirements.

The construction payment schedule also needs to fit any existing-home sale and interim accommodation. A completed resale home offers a different occupation timeline and an environment that can be inspected now; the new launch versus resale comparison explains that trade-off. The launch result can inform the shortlist, but the commitment is to one home and one payment plan.