There may be renewed potential for real estate in Jurong as plans for a 2026-opening of the Jurong Region Line (JRL) fall in place.
24-station Jurong Region Line (JRL) to service new CBD
The JRL consist of 24 stations which will connect the new towns in the Jurong district, as well as a second Central Business District (CBD) and innovation district.
A previously far-flung area of the west, Jurong will soon be much more connected to the rest of the island with this new above-ground MRT line which will serve the residents of Choa Chu Kang, Boon Lay.
It will also bring educational institutions such as Nanyang Technological University (NTU) and other industrial areas closer together.
Travel time may be shortened considerably and there will be more options for travel within the larger Jurong district. For example, travel time between Choa Chu Kang and NTU may be quicker by 25 minutes.
3 JRL interchanges – Choa Chu Kang, Boon Lay, and Jurong East
With 3 interchanges at Choa Chu Kang, Boon Lay, and Jurong East, this new regional line will have relatively good connectivity to the existing East-West and North-East MRT lines.
The Jurong Lake District is being developed into the largest commercial hub outside of the CBD. Also in the area is the Jurong Innovation District. This would bring in a considerable amount of business and grow the workforce outside of central Singapore. This would mean a dispersion of rental demand outside of the usual prime districts into the West.
While the real effect or impact on real estate in this area may not yet be obvious, the potential is favorable.
Property prices could also react similarly to a growing workforce. Add the Kuala-Lumpur-Singapore High Speed Rail (HSR) in the mix, and the Jurong district seems to be a spot to watch for real estate investors.