Jurong Innovation District 裕廊创新区
Jurong Innovation District (JID) will be a 600ha innovation district on one of the last large greenfield sites in Singapore. According to Finance Minister Heng Swee Keat, JID will be the “future of innovation for enterprise, learning and living”. One of the first developments in JID is the JTC LaunchPad @ JID which is already operational. It houses start-ups, incubators and accelerators, and include maker’s and co-working spaces, with a focus on advanced manufacturing. Industry watchers say the government seems to be aspiring to develop a "Silicon Valley" in Jurong. As such, demand for real estate is likely to increase and so will prices of homes in that areas rise. Bustling with government’s future development plan, iNz Residence Executive Condominium will be one of the developments which will benefit since it is located nearby.