Reserve List site next to Tanah Merah MRT station available in Nov 2007

Comments

Going by the good sales performance of Casa Merah in April-June 2007, subject site which is located right next to Tanah Merah MRT station will surely attract the attention of many potential developers. As the subject site is only available for bidding in Nov 2007 earliest, the fastest possible launching of the proposed condo development should be in second half of 2008. So prices of apartment units that are situating near MRT stations along the East Line would look upon the future launch prices of subject development as a good indicator for asking prices. Example of condominiums that are in close proximity to MRT stations are The Trumps and Astoria Park near Kembangan MRT station.

URA Sale of Sites Programme, Reserve List Site at Simei St 4

There is a residential site near Simei MRT station which the Urban Redvelopment Authority of Singapore (URA) has placed under it's Reserve List and waiting for potential developers to trigger the tender. Going by the recent brisk sales for the newly launched condo named "Casa Merah" by NTUC Choice Homes & Wing Tai, developers may be interested in bidding for this site soon.

Comments

So it may be worthwhile for potential home buyers interested in resale private apartments to consider developments such as Modena, Tropical Spring, Simei Green Condominium etc. The selling prices for this proposed condo development in the near future may in one way or another affect secondary market prices.

Government announced to build the Eastern Region Line - MRT

In addition to the upcoming Circle Line expected to be completed by 2010, the government has announced plans to build three new lines, namely the Bukit Timah Line, the Eastern Region Line and the Jurong Region Line. The three lines are estimated to cost more than S$11 billion and will be built within the next 10 to 15 years.

Comments

Referring to the above MRT System Map which I received from an email almost a year ago (understand it was initially posted on LTA website but was eventually taken off to avoid confusion/speculation by the public), the Eastern Region Line will complement the existing East West Line and enhance inter- and intra-town travelling in the eastern region. The line will benefit residents in Tampines, Bedok, Marine Parade, Macpherson and Kaki Bukit.

Bedok will be one of the 5 interchange stations for the Eastern Region Line and more often than not, the government will prefer developments to be intensified within 100 to 200 metres radius of a MRT station.

With the ageing Bedok Central, are we going to witness an urban renewal of this town in the next 5 to 10 years? Already HDB is currently constructing about 10 blocks of high rise HDB flats near the MRT station. In addition, FRASERS Centrepoint Ltd (FCL) bought the Bedok and Changi theatre sites (near the MRT) for $40.8 million in Nov 2006 and plans to develop the leasehold sites into a mall.

Furthermore, Professor S Jayakumar, DPM, MP - East Coast GRC, announced in Dec 2005 that East Coast Town, which includes places like Bedok and Siglap, is slated for a makeover over the next 5 years in a programme with a price tag of S$500 million.

So let's cross our fingers and hope for the best!

Circle Line to breath New Lease of Life in the East?

The Circle Line (CCL) which is set to fully complete in 2010 will be a fully underground orbital line linking all radial lines leading to the city. The line will interchange with the North-South Line, East-West Line and North East Line.

Comments

With Paya Lebar as one of the seven interchange stations for the Circle Line, I really hope this infrastructure development would bring about a greater transformation in this area and incidentally make it more "happening". Paya Lebar has been identified as a sub-regional centre in URA's Concept Plan 2001 but "activities" has not really took off since. The only prominent development in that area is the Singapore Post Centre.