A collective sale by tender has been launched for Lakeside Towers in the Jurong Lake District with a reserve price of $350m, according to JLL. Completed in 1981, the property offers around 190 metres of unobstructed frontage along Jurong Lake Gardens. "Lakeside Towers represents a rare convergence of lakefront scarcity and strategic location within Singapore's emerging second central business district (CBD)," said Nicholas Ng, head of Land and Collective Sales, JLL Singapore. The site is located within the planned second CBD and is close to Jurong Lake Gardens, JEM, Westgate, and the upcoming Jurong Lake District integrated development. Residents will have direct access to Jurong Lake Gardens and nearby retail destinations including JEM, Westgate, IMM, and Taman Jurong Shopping Centre.