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As of 2024, Jurong is, broadly speaking, the jewel of west-end locations; in particular Jurong East. Jurong’s days of being a swampy industrial area are being left behind, and we’ve heard assertions that Jurong East can beat city fringe locations like Toa Payoh or Braddell for convenience. For those who are interested in making the move to Jurong, here’s an overview of how home prices have moved, as well as some of the key highlights of late: Note that Junction 8 mall – while technically in Bishan – is for all practical purposes a neighbourhood mall for Jurong West residents also.  There are also several MRT stations on the upcoming Jurong Line (JRL), so we will see more in future. Here’s a look at how HDB prices have moved in Jurong as a whole (this includes both Jurong East and Jurong West) Note that the declining prices up to 2018 are not specific to Jurong, you’d see that in most HDB towns. It’s due to home prices being at a peak in 2013, causing HDB to impose the Mortgage Servicing Ratio (MSR) and ceasing to provide Cash Over Valuation (COV) data. This sent overall HDB prices downward, and they stabilised just before the pandemic. In the aftermath of Covid though, resale prices shot back up.  As such, Jurong’s HDB flat prices have reversed their decline, rising even higher than in 2013. At the market low in 2019, the average 4-room flat in Jurong cost just $372,000. Over 5 years, it has risen to $509,000.  The largest executive flats saw the best performance, with average price psf rising by 23.1 per cent since 2013. 4-room and 5-room flats saw almost similar performance in Jurong, with 5-room flats beating our 4-room by barely noticeably 0.7 per cent. Jurong’s 3-room flats performed significantly worse than their larger counterparts, but have still ended up 12.6 per cent higher than 2013.  Westwood Residences is one of the most notable resale condos in Jurong right now. It has a combination of a high rental yield and high resale gains, and this has been consistent throughout a high transaction volume. A possible reason for this is the upcoming Gek Poh MRT station on the Jurong Region Line, which will be within walking distance of Westwood. The two most immediate factors to drive property value are train lines. The Jurong Region Line (JRL) will link up with the EWL at Jurong East MRT, and the NSL at Bukit Batok MRT, which provides a route to the CBD and Orchard, among other areas. We expect that some condos, such as Westwood as described above, are already factoring the upcoming stations into their pricing. The on-again, off-again High Speed Rail (HSR) could provide a significant boost to Jurong area properties. But given the long and fickle history of this project, it’s not something we’d pin too much hope on. It’s nice if it happens, but Jurong has other things going for it even if it doesn’t. The further development of Jurong Lake District, which has recently seen two new launches (Sora and Jurong Lake Residences), is one to watch. The lake district is one of the most heavily photographed scenic areas in Singapore; and its landscaped gardens and bridges are inimitable. This has the potential to be a future Bukit Timah, for home buyers who love the greenery – and it will have the added advantage of proximity to Singapore’s “second CBD.”  For those who are impatient for excellent amenities right now, however, Jurong East is a retail powerhouse; and new launches like J’Den will add some much-needed housing stock to the area.  For more on different neighbourhoods and their HDB or private projects, follow us on . If you’d like to get in touch for a more in-depth consultation, you can do so  .