Lucerne Grand Review: 61% Sold at Launch, From S$1.498M

Our verdict: Lucerne Grand is directly linked to Lakeside MRT station, and its lowest starting price (S$2,251 psf, for a 3-bedder) is level with what LakeGarden Residences units averaged in 2026 (about S$2,240 psf) and below Sora's 2026 average (about S$2,350 psf). It suits own-stay families who value the MRT link, the ground-floor supermarket and Jurong Lake Gardens. Investors should note the high land price.

Updated 16 October 2026. CDL sold 350 of 570 units (61%) over the launch weekend of 3–4 October 2026, and says the project is priced at an average of S$2,480 psf (CDL). See launch-weekend sales below. CDL had published no newer sales figure in its newsroom as of 16 October; URA's October developer sales data, due on 16 November (URA release calendar), will be the next official count.

Lucerne Grand at a glance

Sources: CDL (project details and prices), URA (land tender). CDL has not yet published an expected completion (TOP) date, so we do not quote one.

How much does Lucerne Grand cost?

CDL has released starting prices for each bedroom type. The price per square foot (psf) is the starting price divided by the unit size CDL quotes with it. For the 3-bedroom this is 883 sq ft; the smallest 3-bedroom layout is 872 sq ft.

The 3-bedroom has the lowest entry psf, which is unusual: in most launches the smallest units carry the highest psf. That makes the 3-bedders the relative value pick at the entry level. CDL has since said the project is priced at an average of S$2,480 psf. That is an average across the whole project, not the average price of the units sold, and it is about 10% above the lowest starting psf of S$2,251.

Launch-weekend sales

CDL sold 350 of the 570 units (61%) over the launch weekend of 3–4 October 2026, as at 6pm on 4 October (CDL). About 93% of buyers were Singaporeans and 7% were permanent residents, according to CDL.

Source: breakdown by unit type as reported by EdgeProp, 4 October 2026. EdgeProp also reported that 84 of 96 standard 2-bedroom units (87.5%) and 41 of 47 4-bedroom Premium units (87.2%) were sold.

CDL has not published the average price of the units actually sold. URA caveat data for the launch weekend will show it once lodged.

Unit mix

Source: unit counts and sizes as reported by Stacked Homes and 99.co from the developer's sales kit.

With 61% of units at three bedrooms or more and no 1-bedders, the mix is aimed at families rather than small-unit investors.

How do prices compare with nearby launches?

Three private projects near Lakeside and Jurong Gateway give the clearest benchmark.

Lucerne Grand's entry psf of S$2,251 is about 1% to 4% above the since-launch averages at Sora and LakeGarden Residences, which include units sold at launch in 2023 and 2024. Against 2026 transactions (URA caveat data cited by PropNex), it is level with LakeGarden Residences and about 4% below Sora. It is also below J'den's launch average. At the entry level, buyers are not paying a clear premium for the direct MRT link and on-site supermarket. CDL's S$2,480 psf is an average across the whole project, including units not yet sold, so we do not set it against the other launches' figures, which are averages of units actually sold (launch-weekend, since-launch and 2026 caveat averages). We will add a like-for-like comparison once URA caveat data show the average price of Lucerne Grand units sold.

Land cost and break-even: our estimate

CDL won the site with a bid of S$608M, or S$1,132 psf ppr (per square foot of permissible floor area), in a six-way tender. Its bid was 10.4% above the next highest, from Frasers Property and Mitsubishi Estate (URA, EdgeProp). PropNex's Wong Siew Ying said at the time that it would be one of the highest land rates for a residential GLS site in the Outside Central Region in recent years, behind only Bayshore Road and Clementi Avenue 1.

A developer's break-even is the land cost plus construction, financing, fees and taxes. We found no published analyst break-even for this site. As a reference point, DBS Research (Tabitha Foo, 28 October 2024) estimated a break-even of about S$2,100–2,200 psf for the Thomson View en bloc site in Upper Thomson, on a land cost it put at S$1,172 psf ppr (DBS); EdgeProp reported S$1,178 psf ppr for the same deal. DBS's figures imply about S$930–1,030 psf of non-land costs. Costs may have risen since then. Applying the same range to Lucerne Grand:

This is an SG Properties estimate, not a developer figure. Actual costs depend on construction tenders, financing and the saleable area achieved.

We apply the same method to the other 2026 government land sale launches in our land-cost break-even table.

On this estimate, the starting psf of S$2,251–2,420 is roughly 4% to 17% above break-even. CDL's project-wide average of S$2,480 psf is about 15% to 20% above the same estimate. In our view, this leaves limited room for deep discounts later in the sales cycle, although actual pricing will depend on take-up of the remaining 220 units.

Location: what the MRT link and Jurong Lake District mean

• Lakeside MRT (EW26): CDL describes the project as directly linked to the station. Lakeside is two stops from the Jurong East interchange on the East-West Line.
• Jurong Region Line: LTA now expects Stage 1 to open around mid-2028 instead of end-2027, with interim shuttle buses from end-2027 (LTA). Stage 1 runs from Choa Chu Kang to Boon Lay, where it meets the East-West Line one stop west of Lakeside (LTA).
• Jurong Lake District: URA is developing the 410-hectare district as the largest business district outside the city centre, anchored by Jurong Lake Gardens (URA).
• Schools: Rulang Primary School is within 1 km, according to Stacked Homes; CDL also names it as nearby. We have not yet verified distances to other schools with OneMap, so we do not list them.
• Daily needs: the supermarket in Lucerne Galleria, Jurong West Market & Food Centre, and Jurong Point one stop away.

Risks to weigh

1. Train noise. The elevated Lakeside MRT tracks run next to the site. Stacked Homes notes they are some distance from the residential blocks, but warns that noise cannot be judged until the project is built. Ask to see which stacks face the tracks before choosing a unit.
2. Land price. The high land cost is reflected in prices, and leaves less room for later discounts.
3. Nearby supply. The Lakeside Towers en bloc on Yuan Ching Road, if sold, could add about 395 units nearby (EdgeProp); its S$350M tender closed on 1 October 2026, and we found no announced result in searches on 16 October. Sora still had up to about 47% of units unsold as of September 2026, based on URA caveats.
4. Completion date. CDL has not published a TOP date. If you plan to sell an HDB flat or time your move, confirm the expected TOP in the sales documents.

Who is Lucerne Grand for?

• Families upgrading from HDB in the west who want a new condo with an MRT link and a supermarket downstairs. The 3-bedders offer the lowest entry psf.
• Buyers who work in Jurong Gateway, the Jurong Innovation District or NTU, where the East-West Line and future Jurong Region Line cut commute times.
• Less suited to buyers chasing the lowest possible psf in the area (older resale condos nearby, such as The Lakefront Residences and Caspian, averaged about S$1,600–1,800 psf in 2026, per EdgeProp) or small-unit rental investors (there are no 1-bedders).

FAQ

How many units did Lucerne Grand sell?

CDL sold 350 of 570 units (61%) over the launch weekend of 3–4 October 2026, as at 6pm on 4 October. By unit type, 145 of 222 2-bedroom, 157 of 253 3-bedroom and 48 of 95 4-bedroom units were sold, as reported by EdgeProp. CDL says the project is priced at an average of S$2,480 psf; that is a project-wide figure, not the average price of the units sold.

What is the cheapest unit at Lucerne Grand?

A 624 sq ft 2-bedroom from S$1.498M (about S$2,401 psf), based on CDL's starting prices.

Is Lucerne Grand freehold?

No. Lucerne Grand is on a 99-year lease, sold by URA through a government land sale in June 2025.

Who is the developer of Lucerne Grand?

City Developments Limited (CDL), through its subsidiaries CDL Polaris Properties and CDL Polaris Commercial.

How far is Lucerne Grand from the MRT?

CDL states that the development is directly linked to Lakeside MRT station (EW26) on the East-West Line.

How many units does Lucerne Grand have?

570 units across five 17-storey towers, from 2-bedroom to 4-bedroom, plus a ground-floor retail podium.

Sources

• CDL, "Strong response for Lucerne Grand: 350 units sold on launch weekend", 4 October 2026: cdl.com.sg
• EdgeProp, "Lucerne Grand 61.4% sold with overall project pricing averaging $2,480 psf", 4 October 2026: edgeprop.sg
• CDL, "CDL presents Lucerne Grand", 16 September 2026: cdl.com.sg
• URA, "Tender award for URA sale site at Lakeside Drive", 9 June 2025: ura.gov.sg
• URA, Jurong Lake District: ura.gov.sg
• URA, data release calendar (October 2026 developer sales due 16 November 2026), checked 16 October 2026: ura.gov.sg
• LTA, Jurong Region Line: lta.gov.sg
• LTA, "Factsheet: The Next Phase of Rail Development", 4 March 2026: lta.gov.sg
• DBS Research, "UOL Group: First major milestone for Collective Sales market", 28 October 2024: dbs.com.sg
• EdgeProp, "City Developments' Lucerne Grand tests upgrader demand in Lakeside after 10-year launch gap", 18 September 2026: sg.news.yahoo.com
• EdgeProp, tender results and comparable launch results (linked in the tables above)
• Stacked Homes, Lucerne Grand preview coverage, September 2026 (linked above)

SG Properties is an independent research site and is not the developer's official website. Prices and details are as published by the developer on the date above and may change; check the latest price list and sales documents before committing.