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 Opinion Selling Tips

Unveiling 4 Scenarios of CPF Accrued Interest Impact on Property Owners

Jayson Ang – December 11, 2024 –

TLDR When selling your first home, be aware of CPF accrued interest, which is the interest that would have accumulated...

Mandarin Top 5

From Overseas to Singapore Property: 5 Steps Guide to Remitting Funds

Jayson Ang – May 21, 2023 –

From Overseas to Singapore Property: 5 Steps Guide to Remitting Funds 1. The first step in remitting money to Singapore...

All Blog Posts Buying Tips

Identifying a Good Investment Property: A Guide

Jayson Ang – July 25, 2023 –

TLDR When it comes to navigating the real estate market in Singapore, understanding key factors can make a significant difference...

Mandarin Top 5

Top 5 Thai Restaurants in Singapore

Jayson Ang – June 24, 2024 –

Singapore, a melting pot of cultures and cuisines, is a food lover's paradise. Among the myriad of dining options available,...

Mandarin Top 5

Top 5 Most Common Red Flags To Watch Out For When Investing In Singapore Property

Jayson Ang – August 11, 2024 –

Investing in Singapore property has long been considered a lucrative and stable way to build wealth. However, like any investment,...

Mandarin Top 5

Top 5 Reasons : Why Investing in Singapore’s Property Market Is a Smart Move for Expats – Expert Analysis!

Jayson Ang – February 7, 2025 –

Singapore, a thriving city-state in Southeast Asia, has long been a popular destination for expatriates seeking new opportunities and a...

All Buying Tips Selling Tips

The Emergence of Million-Dollar HDB Flats in Singapore: Could This Become the Standard Moving Forward?

Jayson Ang – July 28, 2024 –

TLDR Understanding the nuances of the HDB property market in Singapore, especially the trend of million-dollar flats, requires a deep...

All Buying Tips Top List

Tips for Choosing the Home of Your Dreams

Jayson Ang – December 26, 2022 –

TLDR Decoding the Singapore property market can be challenging, but understanding key factors like property size, location, and lease tenure...

All Buying Tips

Your Key to a Happy Retirement in Your HDB? Let’s Unveil The Mystery Behind the Lease Buyback Scheme!

Jayson Ang – March 30, 2024 –

TLDR The Lease Buyback Scheme (LBS) is gaining traction among older Singaporeans looking to boost their retirement income by selling...

All Blog Posts Buying Tips

What Will Happen When Your 99-Year Housing Lease Expires?

Jayson Ang – February 11, 2023 –

TLDR We delve into the challenges faced by Singaporeans with expiring 99-year housing leases. It explores the types of leases...

All Buying Tips Opinion

What Factors Contribute To Singapore’s Real Estate Market Exhibiting Less Volatility Than Other Major Cities?

Jayson Ang – November 12, 2023 –

TLDR The Singaporean real estate market has remained stable due to government cooling measures. These include Additional Buyer's Stamp Duty...

All Buying Tips

What Type of Properties Can a Permanent Resident PR Buy in Singapore?

Jayson Ang – August 13, 2023 –

TLDR When it comes to purchasing property in Singapore as a Permanent Resident or Foreign National, there are specific restrictions...

All Blog Posts Buying Tips Opinion

7 Lesser-Known ‘Minor’ Condo Problems That Could Lead to Major Issues Down the Line

Jayson Ang – October 11, 2024 –

TLDR When choosing a condo, it's crucial to look beyond MRT station proximity, developer reputation, and price. Overlooked details can...

Mandarin Top 5

Top 5 Factors : What Is Considered “Luxury” In The Singapore Property Market?

Jayson Ang – December 3, 2024 –

The Singapore property market is known for its high-quality residential properties, attracting both local and international buyers. Luxury real estate...

All Blog Posts Opinion

How to Maximise Your Home Value Before Selling : 6 Simple Steps

Jayson Ang – February 9, 2023 –

TLDR When looking to sell your home, consider simple ways to boost its value without costly renovations. Organize living spaces,...

All

Mortgage Interest : The True Cost of Buying and Owning Properties in Singapore

Jayson Ang – March 16, 2023 –

TLDR When considering buying a property in Singapore, it's crucial to understand the true costs and risks involved. High monthly...

Mandarin Top 5

Top 5 Case Study : The Dark Side of Property Investing in Singapore: Scams, Fraud, and Risks

Jayson Ang – October 1, 2024 –

Singapore's property market has long been considered a lucrative investment sector, attracting investors and speculators looking to profit from the...