Travel Without Worry: The 5 Best Telco Companies For International Roaming In Singapore
Travel Without Worry: The 5 Best Telco Companies For International Roaming In Singapore When it comes to choosing a mobile...
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 …
5 Qualities to Look for in an Agent to Ensure a Smooth Transaction
5 Qualities to Look for in an Agent to Ensure a Smooth Transaction Here are 5 qualities to look for...
Read More
When will En-Bloc set to Become Reality Beyond 2023?
TLDR The real estate market is experiencing a lull in en-bloc activities due to various factors. Higher Additional Buyer’s Stamp...
Read More
Can You Make the Leap to a Condo Upgrade in 2024?
As the Chinese New Year festivities wind down, folks are once again on the prowl for new homes, and understandably,...
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
Planning for a Future Landed Property Purchase After Selling Your BTO: Investment Tips
TLDR Transitioning from a BTO to a landed property necessitates understanding market trends, meticulous financial planning, exploring financing options, enhancing...
Read More
Breaking Through the Stalemate of En Bloc Sales
TLDR The Singapore property market faces challenges with the ongoing en bloc stalemate. Lower success rates, higher development risks, and...
Read More
Singapore’s HDB Projects: From Unique Landmarks to Just Another Brick in the Wall?
Take a look at this chill spot in Yew Tee. Someone's gone all out to make it feel like an...
Read More
Singapore’s Real Estate Market: Disproving 5 Common Misconceptions
Singapore's real estate market is a complex and dynamic market that can be difficult to navigate for new investors. With...
Read More
Revival of Singapore Luxury Housing Market in 2023
TLDR The property market in Singapore has witnessed significant shifts in the past two years, with a surge in prices...
Read More
What to Do Before Exercising Option to Purchase?
TLDR Home buyers are advised to thoroughly research property values using online tools, secure an ideal home loan package early...
Read More
5 Key Insights to Take Away from the Latest 2022 Cooling Measures
TLDR Affordability of HDB Market: Government is focused on ensuring affordable public housing and may increase supply if needed. Long-term...
Read More
Top 5 Best Hidden Photography Locations in Singapore
Singapore, a vibrant city-state known for its iconic landmarks and bustling urban landscape, is also home to numerous hidden gems...
Read More
3 Trends For New Launch Properties In 2023
TLDR When considering buying or selling a property in Singapore, it's crucial to understand the market dynamics and key metrics....
Read More
Top 5 Places to Watch the Sunset in Singapore
Singapore, a bustling city-state known for its modern architecture and vibrant culture, is also home to some of the most...
Read More
Navigating the Singapore Property Market as a Foreign Investor: What You Need to Know
Singapore, a thriving hub of business and commerce in Southeast Asia, boasts a highly developed economy and a robust real...
Read More
The Cost of Housing – Affordability vs Premium?
TLDR The blog post discusses the challenges Singapore faces in housing affordability, particularly the rising costs of private homes compared...
Read More
Unforgettable Vacation: The Ultimate Guide To Singapore’s 5 Best Hotels
Unforgettable Vacation: The Ultimate Guide To Singapore's 5 Best Hotels It's 五新房产, Singapore is a vibrant and exciting destination, known...
Read More
ANALYSIS: Unveiling the HDB Towns with the Steepest and Lowest Price Surges!
TLDR The real estate market for HDB flats in Singapore has witnessed significant growth, with prices reaching new highs. The...
Read More
Discovering the Response of Private Property Owners towards the 15-Month Wait-Out Phase
TLDR The blog post discusses the impact of the 15-month wait-out period cooling measure on private property owners in Singapore....
Read More
