# Lucerne Grand 61.4% sold with overall project pricing averaging $2,480 psf

- **Source:** EdgeProp Singapore
- **Published:** 2026-10-04T10:30:00.000Z
- **Author:** EdgeProp Singapore
- **Original:** https://www.edgeprop.sg/property-news/lucerne-grand-614-sold-average-price-2480-psf
- **Topics:** Private Residential, New Launches, Transactions & Deals

## Featured rationale

The strong take-up after Lakeside’s decade-long private-launch gap signals underlying owner-occupier, upgrader and investor demand, potentially supporting nearby launches despite buyers’ financing-cost concerns.

## AI summary

City Developments sold 350 of Lucerne Grand’s 570 units, or 61.4%, during its launch weekend at an average price of $2,480 psf.

## Original article

On its launch weekend, developer City Developments Ltd (CDL) sold 350, or 61.4%, of the 570 units at Lucerne Grand as of 6pm on Oct 4. The project was priced at an average of $2,480 psf.

About 93% of the buyers are Singaporeans, while the remaining 7% are Permanent Residents (PRs) from Malaysia, China, India, Bangladesh, Myanmar and South Korea, says CDL.

The residential development has five blocks of 17 storeys each, and a first-storey commercial podium, Lucerne Galleria. It is directly linked to Lakeside MRT Station, and is the first new private residential launch in the Lakeside precinct in a decade, following the launch of Lake Grande in 2016.

Get the latest details on available units and prices for Lucerne Grand

“With Lakeside MRT station at its doorstep and Jurong Lake District close by, Lucerne Grand is well positioned to benefit from the ongoing transformation of Singapore’s western region,” says CDL group CEO Sherman Kwek. “We believe the development will continue to appeal to homebuyers and investors seeking a well-connected address with excellent amenities and growth potential.”

All unit types were well received, with two, three and four-bedroom premium units being the most popular, according to CDL.

Two-bedroom units recorded the highest overall take-up, with 145 of 222 units sold, or 65%. This was followed by three-bedroom units, with 157 of 253 units sold, or 62%. Of the 95 four-bedroom units, 48 (51%) were sold.

Among the top-performing unit types were the standard two-bedroom units, with 84 of 96 (87.5%) sold, and the four-bedroom premium units, with 41 of 47 (87.2%) taken up.

Mark Yip, CEO of Huttons Asia, says buyers were mainly owner-occupiers living in western Singapore, with the three- and four-bedroom types drawing interest from those prioritising space.

He adds that Lucerne Grand’s direct connection to Lakeside MRT Station, first-storey commercial amenities and proximity to four primary schools were among its key draws. The popular Rulang Primary School also offers residents an advantage under the distance criterion in the Primary One registration framework, he notes.

Read also: CDL’s Lucerne Grand draws 4,000 visitors over preview weekend

Yip believes the two-bedroom units may have attracted investors looking to tap future rental demand from employment nodes such as Jurong Lake District and Jurong Innovation District, which is expected to create around 100,000 jobs.

HDB upgraders also formed part of the buyer pool, says Justin Quek, deputy group CEO of Realion (OrangeTee & ETC) Group.

Quek notes that firm resale prices for four- and five-room flats less than 20 years old in nearby towns such as Bukit Batok, Jurong East and Jurong West may have supported upgrader demand.

In the first nine months of 2026, median prices for such four-room flats ranged from $620,000 in Jurong East to $680,000 in Bukit Batok. Five-room flats ranged from $720,000 to $828,000.

Huttons’ Yip adds that Lucerne Grand’s direct connection to Lakeside MRT Station, first-storey commercial amenities and proximity to four primary schools were among its key draws. The popular Rulang Primary School also gives parents a distance priority advantage under the Primary One registration framework, he notes.

Marcus Chu, CEO of ERA Singapore, sees Lucerne Grand’s launch performance as another indication of underlying demand in the new-home market as launch activity picks up.

Read also: City Developments’ Lucerne Grand tests upgrader demand in Lakeside after 10-year launch gap

“Rather than reflecting weaker market confidence, August’s quieter sales largely coincided with a period of limited new launches,” says Chu. “As projects return to the market, buyer activity is becoming a more accurate reflection of underlying demand.”

CDL won the Lucerne Grand site at Lakeside Drive in June 2025 at a land rate of $1,132 psf per plot ratio (ppr). The land rate compares favourably with several more recent residential government land sales (GLS) sites awarded in the Outside Central Region (OCR), says Mohan Sandrasegeran, SRI head of research and data analytics.

For instance, the Lakeside Drive site’s land rate was 35.8% below the $1,537 psf ppr achieved for the New Upper Changi Road GLS site awarded in September.

“While land cost is only one component of eventual development pricing, the relatively competitive acquisition cost provided the developer with greater flexibility in positioning Lucerne Grand at an attractive price point, particularly when compared with upcoming OCR developments acquired at different land price benchmarks,” says Sandrasegeran.

With land rates for recent OCR residential sites exceeding $1,500 psf, and Rest of Central Region (RCR) surpassing $1,600 psf, some buyers could have viewed Lucerne Grand as an opportunity to enter the market at current price levels, ahead of potentially higher prices for future new launches, says Kelvin Fong, CEO of PropNex.

"The buoyant take-up at Lucerne Grand bodes well for the new home sales market, particularly with a couple of new launches slated for the coming weeks," adds Fong. They include the 1,268-unit Thomson Reserve in the RCR and the freehold 133-unit The Serra Residences in the Core Central Region (CCR).

Demand remains supported by genuine housing needs, Fong said. However, buyers are likely to remain mindful of financing costs as the three-month compounded SORA, which banks use to price home loan packages, has edged up - albeit still relatively low compared with its earlier highs

Check out the latest listings for Lucerne Grand, Jurong West properties

## Chinese translation

> Translation model: grok_cli

### Lucerne Grand售出61.4%，项目整体定价平均为每平方英尺2,480新元

城市发展售出350个单位，买家中93%为新加坡人，其余为永久居民。

在开盘周末，发展商城市发展有限公司（City Developments Ltd，简称CDL）截至10月4日下午6时，售出Lucerne Grand全部570个单位中的350个，即61.4%。该项目平均定价为每平方英尺2,480新元。

约93%的买家为新加坡人，其余7%为来自马来西亚、中国、印度、孟加拉国、缅甸和韩国的永久居民（PR），CDL表示。

该住宅项目共有五栋楼，每栋17层，并设有首层商业裙楼Lucerne Galleria。项目与湖畔地铁站（Lakeside MRT Station）直接相连，是湖畔（Lakeside）一带十年来首个新私人住宅推盘，继2016年推出的Lake Grande之后。

获取Lucerne Grand可售单位及价格的最新详情

“湖畔地铁站近在门前，裕廊湖区（Jurong Lake District）亦相距不远，Lucerne Grand有望受益于新加坡西部地区正在推进的转型。”CDL集团首席执行官Sherman Kwek表示。“我们相信，该项目将持续吸引那些寻求交通便利、配套完善且具增长潜力住址的购房者与投资者。”

据CDL称，所有户型均受到欢迎，其中两房、三房及四房优质单位最受青睐。

两房单位的整体吸纳率最高，222个单位中售出145个，即65%。其次为三房单位，253个单位中售出157个，即62%。95个四房单位中，售出48个（51%）。

表现最佳的户型包括标准两房单位，96个中售出84个（87.5%），以及四房优质单位，47个中吸纳41个（87.2%）。

合登亚洲（Huttons Asia）首席执行官Mark Yip表示，买家主要为居住在新加坡西部的自住业主，三房及四房户型吸引了优先考虑空间的人群。

他补充说，Lucerne Grand与湖畔地铁站直接连通、拥有首层商业配套，以及邻近四所小学，均是其主要卖点。他指出，热门的如廊小学（Rulang Primary School）也让居民在小一注册框架的距离标准下享有优势。

另请阅读：CDL旗下Lucerne Grand在预览周末吸引4,000名访客

Yip认为，两房单位可能吸引了希望把握未来租赁需求的投资者，相关需求来自裕廊湖区及裕廊创新区（Jurong Innovation District）等就业节点；后者预计将创造约100,000个就业岗位。

Realion（OrangeTee & ETC）集团副首席执行官Justin Quek表示，组屋升级者也构成买家群体的一部分。

Quek指出，武吉巴督（Bukit Batok）、裕廊东（Jurong East）和裕廊西（Jurong West）等邻近市镇中，楼龄不足20年的四房式及五房式组屋转售价格坚挺，可能对升级需求形成支撑。

2026年前九个月，此类四房式组屋的中位价从裕廊东的620,000新元至武吉巴督的680,000新元不等。五房式组屋的价格从720,000新元至828,000新元不等。

合登的Yip补充说，Lucerne Grand与湖畔地铁站直接连通、拥有首层商业配套，以及邻近四所小学，均是其主要卖点。他指出，热门的如廊小学也让家长在小一注册框架下享有距离优先优势。

ERA新加坡首席执行官Marcus Chu认为，随着推盘活动回升，Lucerne Grand的开盘表现再次表明新房市场存在基本需求。

另请阅读：城市发展旗下Lucerne Grand在时隔10年的推盘空窗后，检验湖畔的升级需求

“8月销售较为清淡，很大程度上与新盘推出有限的时期重合，而并非反映出市场信心转弱。”Chu表示。“随着项目重返市场，买家活动正更准确地反映基本需求。”

CDL于2025年6月以每平方英尺每容积率（ppr）1,132新元的地价，投得位于湖畔通道（Lakeside Drive）的Lucerne Grand地段。SRI研究与数据分析主管Mohan Sandrasegeran表示，该地价与中央区以外（OCR）若干较近期批出的住宅政府售地（GLS）地段相比更具优势。

例如，湖畔通道地段的地价，较9月批出的新樟宜路上段（New Upper Changi Road）GLS地段所达到的每平方英尺每容积率1,537新元低35.8%。

“虽然土地成本只是最终发展定价的组成部分之一，但相对具竞争力的收购成本，使发展商在把Lucerne Grand定位于有吸引力的价格水平时拥有更大灵活性，尤其是与按不同地价基准购入、即将推出的OCR项目相比。”Sandrasegeran表示。

博纳（PropNex）首席执行官Kelvin Fong表示，近期OCR住宅地段的地价已超过每平方英尺1,500新元，其他中央区（RCR）则超过每平方英尺1,600新元，部分买家可能把Lucerne Grand视为以当前价格水平入市的机会，赶在未来新盘价格可能更高之前。

“Lucerne Grand的旺盛吸纳对新建住宅销售市场是好兆头，尤其是未来数周还有两个新盘计划推出。”Fong补充道。其中包括位于RCR、共1,268个单位的Thomson Reserve，以及位于核心中央区（CCR）、持永久地契、共133个单位的The Serra Residences。

Fong表示，需求依然得到真实住房需要的支撑。不过，买家可能会继续留意融资成本，因为银行用于为住房贷款配套定价的三个月复合SORA已小幅上升——尽管与早前高位相比仍相对较低

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