Should I Buy In A Newly MOP HDB Or An Older Resale HDB?
TLDR When deciding between a recently MOP-ed HDB property and an older resale HDB property in Singapore, various factors come...
Read More
TLDR
The Lion City is undergoing rejuvenation with upcoming developments in coveted areas like Clementi and sites near MRT stations. These locations may see a mix of private residences and HDB flats. One site near Commonwealth MRT station is likely to feature high-density housing, and another near Redhill MRT station offers convenience and amenities. Clementi MRT’s vicinity is bustling with potential for high-density living, attracting families and investors. The availability of these sites is expected around 2025.
If you’re considering buying or selling property, it’s important to assess your unique situation. Seek strategic real estate advice and connect with the right buyers. Additionally, check out valuable insights for navigating the Singapore resale property market provided in the blog post recommendations.
From old educational institutions to former SERS sites, the Lion City never ceases to rejuvenate its domestic setting while boosting its availability – with the upcoming set being one to keep a keen eye on. This new lot boasts of coveted areas such as Clementi, along with plots in close proximity to MRT stations. Though some of these spaces are earmarked for private residences, it wouldn’t be surprising to find HDB flats sprouting up here too. So, if you’re contemplating a home purchase or considering an upgrade in the near future, these could be potential locales to factor into your plans.
Discover the Perfect Location: Commonwealth MRT Station Just Steps Away!
Formerly known as New Town Primary and Secondary schools, this expansive 7.6-hectare plot has been mostly cleared out following demolition activities initiated in October of the previous year.
Currently, all eyes are on the government as we anticipate the announcement of a plot ratio for this site. The likelihood is high that we’ll be seeing residential units, possibly even HDB flats cropping up here, given that relevant authorities are actively studying the plans. However, the development may also feature private properties.
The site’s strategic location close to Commonwealth MRT station (EWL) is certain to generate considerable demand. It’s just a hop away from Buona Vista where The Star Vista mall, Holland V and the bustling tech/media hub of One-North are located.
Directly opposite this plot lies the famous Tanglin Halt, currently under redevelopment. The construction of a brand-new hawker center and a host of other amenities will undeniably benefit residents living across the road. At present, the empty flats there function as temporary rental homes until 2025. This gives us a rough idea of when our plot might become available, likely coinciding with Tanglin Halt’s rejuvenation.
Given that Tanglin Halt’s plot ratio was increased from 2.9 to 3.5 and the surrounding Commonwealth Close flats are densely populated, it’s likely that this land parcel will be developed into a high-density housing area. Although there’s no certainty that the plot will be designated for HDB flats, we believe a blend of private and HDB housing is probable. After all, the neighboring flats, built in 1967, are due for an overhaul.
Should HDB flats be included in the plan, it’s worth noting that the last launch in this vicinity – Tanglin Halt Cascadia – was under the Prime model. One would naturally assume the same for a plot situated directly across the road. However, this brings up the issue of whether HDB may be hesitant to release a large number of Prime flats in the same region at the same time.
Discover the Best Spots Near Redhill MRT Station!
Nestled adjacent to Crescent Girls’ School and hugging the Alexandra Canal, this site spans a solid 1.5 hectares, primed for high-density residential development—with a gross plot ratio of 4.2. The potential here is huge, with room for over 530 flats or around 700 private condos.
The location couldn’t be better. Redhill MRT station is just a stroll away, making it a breeze to reach Tanjong Pagar in two stops and Raffles Place in three. This ease of access to the Central Business District makes it an attractive spot for anyone needing to commute. Families and investors alike will be drawn to the private properties here, especially with Queenstown Secondary and Alexandra Primary Schools within a kilometer’s radius—not to mention Crescent Girls’ right next door. Should HDB flats rise on this land, we’re confident they’ll be considered prime property due to the central location.
And let’s not forget the amenities. Just across the canal lies Redhill Food Centre, brimming with tantalizing food options. Tiong Bahru’s array of entertainment choices are also close at hand. Given the scarcity of new homes in this area over an extended period, we’re sure any flats here will be snatched up quickly.
Discover the Best Spots Near Clementi MRT!
Nestled in Clementi Close sits a 1.6-hectare jewel of real estate. For those who have been keeping tabs on the property market since the early 2000s, you might recollect its reputation as a high-profile SERS site. With its Gross Plot Ratio (GPR) elevated from 4.3 to a whopping 5, this area is teeming with potential for high-density living.
Reports have been swirling around, suggesting that we could see anywhere from 650 to over 700 new residential flat units, or even up to a staggering 1,000 private condominium units. Given its prime location and potential, it’s a surefire hotspot for families.
One of the key perks of this site is its proximity to Clementi MRT station and the ever-popular Clementi Mall, both within an easy stroll. Additionally, it’s strategically located within the catchment areas of several notable schools – Clementi Primary, Pei Tong Primary, Nan Hua Primary, Clementi Town, and Tanglin Secondary. While we think it’s just within the boundary for Nan Hua High, we can’t confirm that with absolute certainty at this point.
Situated at the core of Clementi, this location is buzzing with activity and is quite crowded. However, it offers the convenience of having almost any facility within a comfortable walking radius. The residential units here are expected to be Plus model flats, a classification typically given to homes near train stations or centrally located in suburban neighborhoods. Flats closer to the Central Area usually receive the Prime classification.
Given these factors, it’s plausible that the prices of nearby apartments in Clementi Close could surge. They share the same geographical benefits but aren’t burdened with Plus model regulations.
The availability of these sites might not be immediate; we forecast they will come into play around 2025. Already, there’s a substantial number of launches on the horizon. This is particularly true for HDB, who has significantly increased supply over the last two years. However, BTO applications have been decelerating, resulting in only 3 BTO launches in 2024 as opposed to the usual 4. Consequently, we anticipate a slight slowdown. Nonetheless, for some, the timing could align perfectly with plans for an upgrade or purchase of their first home, so remain vigilant.
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 …
Top 5 Tips : How Investors Protect Themselves From Risk And Capitalize On Emerging Opportunities In Singapore’s Real Estate Landscape
The real estate landscape in Singapore has always been a lucrative investment opportunity for both local and international investors. However,...
Read More
Top 5 Places to Watch Fireworks in Singapore
Singapore is known for its stunning skyline and vibrant celebrations, especially during events like National Day and New Year's Eve....
Read More
Top 5 Instagram-Worthy Spots in Singapore
Singapore, a beautiful city-state known for its stunning architecture, lush greenery, and vibrant culture, is a photographer's paradise. The island...
Read More
Downpayment For Condo: How Much Do First-Timers Need In Singapore?
TLDR The blog post delves into the complexities of condo downpayments in Singapore in light of the impact of Covid-19...
Read More
Are You Ready to Take on the Singapore Property Market in 2023? 12 Reasons to Be Hopeful (Or Wary)!
2022 sure was a rollercoaster ride for the property market, and the world! From war in Europe to skyrocketing interest...
Read More
What’s Next for HDB Owners?
Buying a home always seems daunting especially such it is a big-ticket item and the prices for private homes can easily...
Read More
Top 5 Thai Restaurants in Singapore
Singapore, a melting pot of cultures and cuisines, is a food lover's paradise. Among the myriad of dining options available,...
Read More
What Difference in One Year After the ABSD Hike in April 2023?
TLDR The recent hike in ABSD rates, especially the increase from 30% to 60% for foreign buyers, has dramatically affected...
Read More
5 Reasons Why It’s A Great Time To Buy Property In Singapore In 2024
Singapore's property market is known for its stability, high demand and strong returns. With a growing population, low unemployment rates,...
Read More
Top 5 Vegetarian Restaurants in Singapore
Singapore, a melting pot of cultures and cuisines, offers a diverse range of dining options for food enthusiasts. For vegetarians,...
Read More
What Is The Best Location To Purchase A House To Ensure Your Child Has The Highest Probability Of Attending A Well-Renowned Primary School?
TLDR Parents often seek homes within 1km of desired primary schools to increase enrollment chances. Consider oversubscription rates and population...
Read More
Top 5 : Dangerous Ideas Singapore Property Investors Have
Investing in property, particularly in a thriving market like Singapore, can be an enticing prospect. However, it's not without its...
Read More
Unveiling 4 Scenarios of CPF Accrued Interest Impact on Property Owners
TLDR When selling your first home, be aware of CPF accrued interest, which is the interest that would have accumulated...
Read More
5 Factors : Why Singapore’s Property Market Is Still A Safe Haven For Investors
Real estate investment has always been a popular choice for investors looking to generate passive income and build long-term wealth....
Read More
When to Strike Gold: The Ultimate Guide to Selling Your House in Singapore!
TLDR When deciding the best time to sell your property, consider various factors such as market trends, financial goals, and...
Read More
Neighbourhood Estate Guide: Is Holland Village the Most Charming and Relaxed of HDB Estates?
According to the 2014 master plan, Holland Village was given the prestigious title of an "identity node," confirming its status...
Read More
Top 5 : Long-Term Economic Impacts Of Foreign Real Estate Investment In Singapore’s Luxury Condo Market?
Singapore has long been a preferred destination for foreign real estate investors, particularly in the luxury condo market. The city-state's...
Read More
Singapore Sights & Sounds: 5 Must-Know Facts From the Little Red Dot
Singapore, affectionately known as the Little Red Dot, is a vibrant city-state in Southeast Asia that boasts a unique blend...
Read More
Top 5 : Reasons why Freehold Properties Cost More in Singapore
Freehold properties, a term often heard in the real estate market, are properties that are "free from hold" of any...
Read More
