Your search results

3 Exciting Residential Sites Coming Soon!

Posted by Jayson Ang on June 20, 2024

| 0

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 …

Mandarin Top 5

5 Reasons Why Districts 9 and 10 are the Next Big Thing in Singapore Real Estate

Jayson Ang – March 2, 2024 –

Singapore is renowned for its thriving real estate market, with many desirable neighborhoods and top-notch properties. However, when it comes...

Buying Tips Mandarin Top 5

5 Reasons Why You Should Consider Investing In Singapore Real Estate

Jayson Ang – August 1, 2023 –

TLDR Investing in Singapore real estate offers attractive tax incentives, low cost of living, high rental yields, market reliability, diversification...

Mandarin Top 5

5 Most Affordable Areas to Invest in Property in Singapore

Jayson Ang – June 2, 2024 –

Singapore is known for being one of the most expensive cities in the world, particularly when it comes to property...

Mandarin Top 5

Top 5 Places to Learn About Singapore’s Diversity

Jayson Ang – August 31, 2024 –

Singapore, a vibrant city-state in Southeast Asia, is well-known for its diverse culture and rich history. A melting pot of...

All Blog Posts Opinion

5 Reasons Why You Should Consider Hiring an Agent Instead of DIY-ing It

Jayson Ang – June 9, 2023 –

TLDR Understanding the complexities of the real estate market and transactions can be overwhelming. Enlisting the help of a real...

All Buying Tips Opinion

Debunked! 6 Popular Property Myths of 2023, Including the 99-1 Loophole – Legal or Not?

Jayson Ang – January 4, 2024 –

TLDR This blog post delves into various aspects of the Singapore property market, including topics such as decoupling, 99-1 property...

Mandarin Top 5

The Top 5 Features to Look for When Buying a Luxury Property in Singapore – Expert Insights!

Jayson Ang – September 22, 2024 –

Singapore, a thriving financial hub and one of the world's wealthiest nations, has become an attractive destination for luxury property...

All Buying Tips

Looking To Buy An Older HDB Flat? Here’s What You Need To Know Before You Sign On The Dotted Line!

Jayson Ang – March 27, 2024 –

TLDR When considering purchasing an older flat, ensure to thoroughly inspect wet areas for leaks, check balcony conditions, watch out...

All Buying Tips

What is Your Next Step in the Property Market?

Jayson Ang – December 7, 2022 –

When you flip open the papers or turn on the news nowadays, the common buzzwords are "INFLATION", " INTEREST RATE...

Mandarin Top 5

5 Things to Know About Singapore’s Public Housing System

Jayson Ang – June 16, 2023 –

5 Things to Know About Singapore's Public Housing System With over 80% of Singaporeans living in public housing, it's important...

Mandarin Top 5

5 Singapore’s Best Property Investments for 2023: Where to Find Growth and Income

Jayson Ang – March 20, 2024 –

The Singapore property market has long been a sought-after investment destination, with its stable economy and growing population making it...

All Blog Posts

SP Utilities Guide – Quick Guide To Setting Up Utilities In Singapore For Your New Home

Jayson Ang – April 16, 2023 –

TLDR Setting up utilities in Singapore for a new home is hassle-free. Contact SP Services for electricity and water accounts,...

All Buying Tips

Superstitions in the Real Estate Market : How Does it Impact Resale Value?

Jayson Ang – June 20, 2023 –

TLDR When navigating the Singapore property market, it's crucial to consider various superstitious beliefs that can impact your decisions. From...

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

HDB Market Outlook 2023

Jayson Ang – January 8, 2023 –

TLDR: Understanding the HDB Market Outlook 2023 The HDB resale market showed resilience in 2022, with significant growth in sales...

All Blog Posts Buying Tips

Will Your HDB Flat Provide For Your Retirement?

Jayson Ang – July 11, 2023 –

TLDR Singapore's property market presents challenges with high prices, particularly in private housing, while public housing remains relatively more affordable....