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Lakeside Towers collective sale relaunched - The Myst by CDL at 800, 802 Bukit Timah Road

Lakeside Towers collective sale relaunched

The Lakeside Towers collective sale has been relaunched with JLL as the sole marketing agent, maintaining the reserve price of $350 million. This 99-year leasehold property, consisting of 144 units in two 20-storey towers at 9G and 9H Yuan Ching Road, is adjacent to the picturesque Jurong Lake Gardens. Earlier this year, the property was put up for sale. Although it received several expressions of interest and an offer lower than the reserve price, the owners remain confident in securing a successful deal. In light of this, the Lakeside Towers Collective Sale Committee initiated a second tender process with the same reserve price.

The site, spanning 153,237 sq ft, is zoned for residential use under the 2019 Master Plan, with a gross plot ratio (GPR) of 2.1. However, the current as-built gross floor area corresponds to a higher GPR of 2.36. At the reserve price of $350 million, the estimated unit land rate equates to approximately $1,244 psf per plot ratio (psf ppr) based on the base GPR of 2.36, after factoring in the lease top-up premium with no land betterment charge. Additionally, when the 10% bonus GFA is fully considered, the unit land rate is expected to be around $1,198 psf ppr, including the estimated lease top-up premium and land betterment charge.

This excellent site can be redeveloped into a new private condominium comprising 395 units. Its exceptional location grants direct access to the scenic Jurong Lake Gardens and a convenient ten-minute walk to the Lakeside MRT Station. Furthermore, it enjoys proximity to shopping amenities such as Jurong Point Shopping Centre and the Jurong East MRT interchange station, fulfilling the aspirations of modern urban living.

In a neighbouring transaction, the Lakeside Apartments were successfully sold en bloc to esteemed listed property developer Wing Tai Holdings in May 2022 for $273.88 million ($1,250 to $1,260 psf ppr). Wing Tai plans to launch its forthcoming condominium development later this year, presenting exciting prospects for future homeowners. Also along Yuan Ching Road, Park View Mansions, a 99-year leasehold condominium, was acquired en bloc in July 2022 for $260 million ($1,023 psf ppr) by a consortium comprising Chip Eng Seng, SingHaiyi Group, KSH Holdings, and Ho Lee Group. The consortium intends to redevelop the site into a 440-unit private condominium. The Myst is a 408 unit condominium located at 800, 802 Upper Bukit Timah Road. Download The Myst Brochure.

On June 22, the Urban Redevelopment Authority (URA) launched the highly anticipated tender for the 6.8-hectare master developer white site, marking a significant milestone in developing the new 120-hectare precinct in Jurong Lake District. Situated at the heart of this vibrant district, this strategically located site offers an exceptional opportunity for aspiring investors and developers.

With its prime location, the site presents many possibilities for creating premium housing, state-of-the-art offices, and an array of recreational facilities. This new, green, and car-lite district is poised to become the next central business district (CBD). Recognizing the immense potential and growth prospects, Jones Lang LaSalle (JLL) expert Tan emphasizes that Lakeside Towers stands to benefit significantly from the comprehensive government master plan for the entire area.

The future growth potential is exceptionally promising, and developers can confidently venture into this prime site, leveraging the increasing demand for homes and investments in this dynamic region. As the tender for Lakeside Towers reaches its closing date on Thursday, August 10, interested parties are urged to seize this lucrative opportunity to be part of the thriving Jurong Lake District’s continued success.

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The Myst condo logo
Over the past few years, CDL has made a concerted effort to build up its presence in the property market. Its residential portfolio of projects ranges from high-end luxury developments to affordable housing –– it has been well-received by buyers/clients who recognise its high-quality standards and craftsmanship.
With an extensive network of global offices across Asia, Europe, North America, and Australasia, CDL can source strategic land resources worldwide as part of its growth strategy.
Haus on Handy by CDL
Boulevard 88 by CDL
Boulevard 88 by CDL
Tembusu Grand by CDL
Tembusu Grand by CDL
Canninghill Piers by CDL
Canninghill Piers by CDL
The company’s commitment to sustainability is also apparent in its track record. All their developments are designed to be environmentally conscious, with green features such as solar panels and rainwater harvesting systems incorporated into building designs.
CDL is also dedicated to delivering premium lifestyle experiences through its amenities and services offered at each development site, such as concierge service, clubhouse facilities, and landscaped gardens for residents’ enjoyment.
From these accolades and initiatives, it is clear that CDL is an experienced developer renowned for consistently delivering quality projects on time –– with a dedication to creating sustainable communities that enhance lifestyles for all stakeholders involved.
The Myst condo logo
Within the compound, there are exclusive facilities such as swimming pools, tennis courts, and fitness centres, as well as spas for those seeking even more indulgence.
The Myst Lap Pool
The Myst's lap pool. One of the many facilities residents can enjoy.
Residents can also take advantage of nearby restaurants, shopping outlets, and entertainment options – ensuring there’s never a lack of things to do or places to go.
Best of all, the surrounding natural environment creates peace and serenity regardless of activity level.
The Myst at Bukit Timah Road provides its residents with an exceptional standard of living where they can enjoy the best of both worlds – modern comforts and seclusion from every day worries.
With its proximity to key attractions and amenities, it is no wonder this enclave is so popular among homeowners looking for a place to call home in Singapore.
The Myst condo logo

About The Myst

The Myst boasts only the highest quality of ambient finishes within its walls, leading guests and residents alike to feel spacey, light, and relaxed, ideal for unwinding after a hard day on the job.
Perfect for nature lovers, it has spectacular views of green landscapes that stretch as far as the eye can see.
Gleaming with opulence and class, it begs to be experienced first-hand by everyone seeking to reconnect with nature while taking advantage of all the comforts a home should provide.
The Myst at Bukit Timah Road is a must-visit destination if you’re looking for a place to unwind in comfort and rejoice in luxury!
The Myst Grand Plaza
The Myst Grand Plaza
The Myst, located at 800 & 802 Bukit Timah Road is an excellent location for those looking for the perfect balance between convenience and comfort.
Situated in Singapore’s District 23, it is close to some of the city’s most popular attractions, such as Orchard Road, Marina Bay Sands, and Sentosa.
Orchard ION
Orchard Road is 25 mins drive from The Myst
This exciting neighbourhood also has plenty to offer for shopping, dining, and entertainment –– for residents of The Myst at Bukit Timah Road. Numerous benefits make living here a great choice.
Connectivity and transportation at The Myst are excellent, providing residents with quick and convenient access to the city.
From Cashew MRT station, residents can take the Downtown Line (DTL) to reach many attractions in Singapore, such as Beauty World, Botanic Gardens, Bayfront, or Little India.
Cashew MRT Entrance
Cashew MRT is the nearest MRT from The Myst
The Downtown line is an essential public transport artery in Singapore, providing efficient connections between residential areas and commercial districts. at Bukit Timah Road. Numerous benefits make living here a great choice.
Downtown Line MRT
Downtown Line MRT Map
The Bukit Timah Expressway (BKE) provides easy access for drivers heading toward the eastern region of Singapore. It takes only a 6-minute drive from The Myst to get onto the BKE, which then connects to the Pan Island Expressway (PIE).
The PIE gives motorists access to all parts of Singapore, including Changi Airport, making it easier for those who need to travel frequently for work or leisure.
For those who prefer slower modes of transport, such as walking or cycling, cycling paths are available around The Myst – which are connected to other pathways throughout Singapore.
These paths provide an excellent way for residents to explore the city at their own pace and discover new sights.

Shopping Centres near The Myst

Shopping is an excellent pastime for many, and The Myst is surrounded by several shopping malls offering various retail options.
Hillion Mall is one of the closest shopping hubs to The Myst, just a 4-minute drive away. It provides a great selection of stores such as REFASH, iORA, Cow Play Cow Moo, and Best Denki. Furthermore, the mall has plenty of eateries for dining options after shopping.
Hillion Mall Night
Hillion Mall is 4 mins drive from The Myst
HillV2 is another nearby mall only 5 minutes away from The Myst. This mall boasts many unique retail stores, lifestyle shops, and an extensive food court that is ideal if you’re looking to grab a bite before heading back home.
You can find clothing outlets like Zara and Uniqlo here and electronics stores such as Courts Megastore and Challenger.
Junction 10 is located 6 minutes from The Myst and features plenty of shops selling furniture, fashion wear, toys, and much more. There are also several movie theatres for entertainment, so you can take some time off your daily routine to enjoy a good movie or two with your family or friends.
Finally, Bukit Panjang Plaza, which is 6 minutes away from The Myst too, provides an array of retailers, which include department stores like NTUC Fairprice Xtra, fashion outlets such as Giordano and FOS, beauty salons like Heirloom and beauty products store Watsons.
Bukit Panjang Plaza
Bukit Panjang Plaza is 6 mins drive from The Myst
Bukit Panjang Plaza also houses many restaurants offering local cuisines for its visitors to enjoy. With so many malls near The Myst apartment complex, residents will always have convenient shopping options!

Nature Spots Near The Myst

Living in The Myst provides residents easy access to several nature spots, making it a convenient destination for anyone looking to commune with nature.
Bukit Timah Nature Reserve is located right next door, and its 163.63 hectares offer many opportunities for exploration.
The Reserve is a haven for wildlife with its 800+ flowering plants, 300+ bird species, and various reptiles, amphibians, and mammals.
Visitors can enjoy hikes along the trails or a picnic in one designated area; there is also a visitors’ centre where more information about the Reserve and its inhabitants can be found.
Bukit Timah Nature Reserve
Enjoy a relaxing walk at nearby Bukit Timah Nature Reserve
Right across from The Myst is another popular spot: the Rail Corridor. This once-railway line has been converted into a multi-use trail for cyclists, hikers, and nature lovers who want to observe birds or admire wildflowers growing along the tracks.
Apart from these two attractions, residents will also be close to other parks, such as MacRitchie Reservoir Park, Bukit Batok Nature Park, and Dairy Farm Nature Park – all providing further opportunities to connect with nature.

Schools near The Myst

The Myst is conveniently located near several schools, offering parents a wide range of educational opportunities for their children.
Assumption English School is just two minutes away, while Bukit Panjang Primary School and CHIJ Our Lady Queen of Peace are just three minutes away.
On the other hand, Greenridge Secondary School is five minutes away, and Zhenghua Primary School is only seven minutes away.
The nearby schools offer excellent quality education in various fields and disciplines. Further, the nearby primary schools provide high-quality academic programs –– committed to developing holistic individuals equipped with the knowledge and skills necessary for success in life.

Dining Options near The Myst

The Myst residents enjoy having a wide variety of convenient options for finding an eatery. With The Rail Mall, HillV2, and Bukit Panjang Plaza all within a 4-minute to 7-minute drive away, residents can easily find restaurants that cater to their taste buds.
At The Rail Mall, popular eateries include Acqua e Farina, Springleaf Prata, Green on Earth, and BLooiE’s Roadhouse – perfect family dinners.
HillV2 is home to IO Italian Osteria, Cedele, Starbucks, Tandoori Culture, and Spruce – ideal for a luxurious dining experience. For the more budget-conscious diners, Bukit Panjang Plaza has an array of affordable dining options, such as McDonald’s and Subway.
Those with adventurous palettes seeking local dishes only need to take a short drive to the nearby Bukit Panjang Hawker Centre and Market, where dishes like Chicken Rice and Fishball Noodles are readily available.
In addition to these food centres, there are also many independent eateries within the vicinity of The Myst that offer delectable cuisines from around the world.