Your search results

How Will Singapore’s Development Influence The Real Estate Markets In Bedok, Changi, Pasir Ris, And Tampines : 2023

Posted by Jayson Ang on April 5, 2023

| 0

TLDR

You will find detailed insights into upcoming housing developments in the East of Singapore, specifically in areas like Bayshore, Pasir Ris, Tampines, and Changi. Highlighting key projects such as Bayshore Housing Precinct, Housing By The Park in Pasir Ris, new housing estates in Tampines, and the expansion plans in Changi East, the post delves into the future prospects of these regions. Additionally, it discusses the increasing property interest and development in these areas, making them attractive options for potential homebuyers and investors looking to capitalize on the evolving real estate landscape.

It’s no surprise that nearly two-thirds of developers predict that there will be an increase in launches in the next half-year; after all, those in the East take great pride in their sense of community and belonging in the area, to the point where they’ve taken it upon themselves to nickname their neighborhood as the ‘East Side, Best Side’.

Undoubtedly, the upcoming developments in this area are sure to further solidify its status as the ideal place to live.

Bedok

1. Upcoming Bayshore Housing Precinct

The upcoming housing precinct in Bayshore is generating even more buzz than other residential districts, and it’s easy to see why! With URA Masterplan 2019 outlining Bayshore as a lush waterfront oasis with unblocked sea views and proximity to East Coast Park, this will be one of the most desirable locations to live in Singapore.

Living in Bayshore promises an exciting combination of natural beauty and urban convenience. Not only will you be able to take in stunning East Coast Park and waterfront views, but you will also enjoy the comfort of being in the established and mature estate of Bedok.

With the development of the Thomson-East Coast Line (TEL) Phase 4 and Phase 5, residents will benefit from improved connectivity. Enjoy the amenities Bedok has to offer while still being able to live in a relatively newer estate. Bayshore truly is the best of both worlds.

Residents of Bayshore will soon have enhanced transport connectivity, with two MRT stations being constructed as part of the TEL project: Bayshore MRT (Phase 4) and Bedok South MRT (Phase 5).

By 2024 and 2025 respectively, these stations will be ready and within a relatively small plot of land, providing local residents with greater ease of movement.

The Bedok South MRT Station is set to be a part of a future Integrated Transport Hub, just like the one at Bedok which includes a bus interchange, MRT station, shopping mall, and a condo residence.

This could potentially lead to the emergence of an integrated development such as Bedok Residences at Bedok South. Not only will this be an asset to those moving into the Bayshore area, but those living in the surrounding area of Upper East Coast Road – encompassing HDBs, condos, and landed property – can reap the benefits too!

Pasir Ris

1. Housing By The Park

If you can’t get enough of the waterfront and tranquil living, Pasir Ris should definitely be on your radar!

Often overlooked and often compared to the more popular East Coast area, Pasir Ris is also situated right by the sea. This means that waterfront living is an available option – places like Vue 8 and Ocean Front already offer up this lifestyle. But, for HDB dwellers, there is about to be even more opportunities to experience the coastal charm!

If you are lucky enough to reside in Costa Grove BTO, launched in August 2020, and you’re situated on a high enough floor, you will be gifted with the splendour of an ocean view across Pasir Ris Park and Sungei Api Api – a true dream come true!

2. Redevelopment Of Pasir Ris Park

Pasir Ris Park has been around for ages, but it wasn’t until the pandemic made us realize the significance of green spaces that it truly began to get the admiration it deserved. URA’s urban planners had long been planning to transform the park into a recreational space for locals, and it’s clear to see with the upgraded park facilities and improved coastal park experiences.

3. New Town Centre Integrated With Pasir Ris 8

The launch of Pasir Ris 8 last July saw an impressive 85% of the units sold out over the weekend. With prices ranging from $1,400 psf to $2,000 psf, averaging at $1,600 psf, it’s no surprise why this integrated development which links to the new mall and Pasir Ris MRT sold so well.

The brand-new Pasir Ris Town Centre, boasting an all-in-one roof-top complex complete with a polyclinic, childcare facilities, a town plaza, and the Integrated Transport Hub, is set to be the talk of the town. Those who managed to purchase a unit at Pasir Ris 8 have already become the envy of all their neighbours; but, even more, those residing in Pasir Ris stand to reap the benefits of the renewed development interest in their home.

Tampines

1. New Housing Estates In Tampines

Given its renowned reputation as a mature estate in the East, it is no surprise that many new homeowners seek out Tampines. And it’s even more heartening to know that the URA have long-term plans and vision for Tampines, as development for the housing estate in Tampines North is already underway, with two new areas in the pipeline – Tampines North and Tampines South – for the estate to grow further!

Tampines North

In Tampines North, an MRT station on the Cross-Island Line (CRL) is projected to become operational in 2030, around the same time when housing estates there will be completed. Although this is still a ways away, it’s certainly something to look forward to!

Tampines South

Tampines South is an expansive development project, with an estimated 10-15 year timeline for full completion, allowing for the creation of 8,000 new homes for Singaporeans. Upon launch of projects such as Tampines GreenGem, Tampines GreenJade and Tampines GreenQuartz, these initiatives received massive public attention – with an impressive 9,000 applicants for the latter two upon their August 2021 launch!

Changi

1. Changi East

Changi is the undisputed aviation hub of Singapore – there’s no question that anything related to air travel will be established there. So when you spot it on the list, you know it must be to do with a new transport venture!

Terminal 5, the creatively named new addition to Changi Airport, brings us the exciting prospect of more flights to and from the iconic destination! The runway, originally designed for military use, will now be extended to include both commercial and military planes – ushering in a new era of economic demand and activity around Changi. First and foremost, this is an exciting opportunity to experience more of the world with greater ease!

The Changi Airfreight Centre is set to expand its cargo facilities to Changi East Industrial Zone, offering more than just air freight and air express services, but Maintenance, Repair and Operations activities as well. This expansion will nearly double its capacity, from 3 million to 5.4 million tonnes per annum, allowing for even greater convenience.

More Rail Networks In The East

As the East of Singapore continues to develop, those residing there will benefit from the expansion of the current rail system. The completion of the fifth stage of the Thomson East Coast Line is scheduled for 2025, while by the 2040s, the TEL will be connected to the MRT line leading to Changi Airport and the Downtown Line (DTL).

Additionally, the CRL will provide five new MRT stations, including an interchange at Pasir Ris that will bring even more access to the centre and north east of Singapore.

Buying A Property In The East Of Singapore

Compared to other regions, the East is often underrated in terms of urban development; however, we believe that this time around it’s the place to be, especially for new homeowners!

After all, with the amount of new homes slated for completion within the next ten years, the East is far from boring.

Should You Buy, Sell or Wait?

If you’re reading this, you must be trying to figure out the best course of action right now: is it the right time to buy or sell?

It’s difficult to give an exact answer since everyone’s situation is unique and what works for one person may not necessarily work for you.

I can bring you a wealth of on-the-ground experience and a data-driven approach to provide clarity and direction. From beginners to experienced investors, our top-down, objective approach will help you on your real estate journey.

I can help you by:

Offering Strategic Real Estate Advice – I can help create a comprehensive plan to guide you through your property journey.
Connecting Your Home with the Perfect Buyers – Through stunning visuals, an effective communication strategy, and an in-depth knowledge of the market, we’ll ensure your home is presented in the best possible way to fulfill your goals.

You May Also Like …

All Blog Posts Buying Tips

An Essential Guide to Buying a Home in Singapore 2023

Jayson Ang – January 17, 2023 –

TLDR When navigating the complexities of purchasing a property in Singapore, ensure you meet eligibility criteria, consider affordability factors, and...

Mandarin Top 5

5 Pros of Buying a New Development

Jayson Ang – March 3, 2024 –

Deciding whether to buy a new development or a resale property can be a challenge. In the next few video...

All Blog Posts Opinion

Where to Find the Most Affordable New Launches in 2023 – Starting at $1.31 Million

Jayson Ang – January 24, 2023 –

TLDR When looking for an affordable new launch condo in Singapore as of January 2023, consider projects like 10 Evelyn,...

Mandarin Top 5

5 Things to Know About the Singapore Property Tax System

Jayson Ang – June 18, 2023 –

5 Things to Know About the Singapore Property Tax System Here are 5 things you need to know about the...

All Opinion

Why Can’t We Buy Low, Sell High?

Jayson Ang – February 11, 2024 –

Madam Tan voiced that approximately two years ago, when her apartment hit its minimum occupation period, she and her spouse...

Mandarin Top 5

Top 5 : Nationalities Of Prime Property Buyers in Singapore

Jayson Ang – November 29, 2024 –

Singapore, a thriving city-state known for its stable political climate, excellent infrastructure, and strong economic fundamentals, has long been an...

Mandarin Top 5

Top 5 Considerations : Uncover the Secrets of Buying Older Properties – What They Won’t Tell You!

Jayson Ang – November 25, 2024 –

Buying an older property can be a dream come true for many homebuyers, as these homes often come with unique...

Mandarin Top 5

Is Singapore’s Property Market on the Verge of a Crash? Understanding the 5 Factors at Play

Jayson Ang – March 31, 2024 –

The Singapore property market has long been an attractive option for both local and international investors. However, as with any...

All Blog Posts Buying Tips

Planning for Retirement: Considerations for Downsizing Your Property

Jayson Ang – February 19, 2023 –

TLDR Downsizing your home for retirement can bring financial security, closer family ties, and new adventures. Consider the benefits of...

Mandarin Top 5

Top 5 : Long-Term Economic Impacts Of Foreign Real Estate Investment In Singapore’s Luxury Condo Market?

Jayson Ang – December 19, 2024 –

Singapore has long been a preferred destination for foreign real estate investors, particularly in the luxury condo market. The city-state's...

All Opinion Selling Tips

6 Factors Making Singaporean Properties Difficult to Sell (Even in a Strong Market)

Jayson Ang – June 2, 2026 –

TLDR Properties in Singapore may linger on the market due to several key factors. Small boutique developments face price volatility,...

Mandarin Top 5

Top 5 Overlooked Features that Buyers are Looking for in Singapore Property

Jayson Ang – May 17, 2023 –

The top 5 overlooked features that buyers are looking for in the Singapore real estate market. These are the overlooked...

All Buying Tips

4 Fresh Trends among Young Homebuyers Could Shake Things up in Singapore’s Real Estate Scene

Jayson Ang – March 18, 2024 –

TLDR Younger generation in Singapore is reshaping house hunting by showing a preference for quality of life over location. Millennials...

Mandarin Top 5

Top 5 : Regret Buying An Old Condo in Singapore

Jayson Ang – February 25, 2025 –

In the bustling city-state of Singapore, the real estate market is a dynamic and ever-evolving landscape. As of 2023, new...

Mandarin Top 5

Top 5 Hawker Centres in Singapore for Local Food

Jayson Ang – February 24, 2024 –

Singapore, a melting pot of diverse cultures and rich culinary heritage, is home to some of the most delectable local...

Mandarin Top 5

The Top 5 Impact Of Singapore’s Ageing Population On The Property Market And Investment Opportunities

Jayson Ang – July 26, 2024 –

Singapore's ageing population is having a significant impact on the property market and investment opportunities. The top five effects include:...

All Blog Posts Buying Tips Top List

Expert Tips : Top Property Investment Strategies in Singapore

Jayson Ang – December 25, 2022 –

TLDR Singapore offers lucrative property investment opportunities with its stable economy and political climate. To succeed, investors should conduct thorough...