Benefits of Thomson-East Coast Line
The Impact of New MRT Stations on Singapore’s Property Market
In the dynamic world of real estate investment, the age-old adage “location, location, location” takes on new significance, especially with the advent of MRT expansions.
A recent study by researchers at the National University of Singapore sheds light on the impact of new urban rail lines on the value of residential properties, emphasizing the pivotal role of transportation nodes in determining property values. As Singapore expands its rail network, particularly with the upcoming completion of the Thomson-East Coast Line, various property segments are poised to benefit from increased accessibility.
Bukit Timah Collection, Lentoria, and Lentor Mansion are poised to reap the benefits of Singapore’s growing rail network, specifically the Thomson-East Coast MRT Line. Let’s explore the potential beneficiaries and key insights.
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Studying the Circle Line Effect
- Researchers studied the impact of the Circle Line's introduction on non-landed private homes within 600 meters of MRT stations
- Findings revealed a 6.3% increase in property values for homes near new MRT stations, with an additional 4% premium for properties near interchange stations
As the Thomson-East Coast Line unfolds in stages from 2019 to 2024, private residential properties near the proposed MRT stops are set to experience a surge in value. Bukit Timah Collection, situated in the proximity of this new line, is expected to benefit from increased accessibility to town centers, shopping, and leisure amenities.
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Thomson-East Coast MRT Line Anticipation
- With plans to double the rail network by 2030, the Thomson-East Coast Line is a major infrastructure development
- Properties near the new MRT stops are expected to witness value appreciation, particularly those not within walking distance of existing MRT stations
- Landed homes in Ang Mo Kio, Bishan, and Yio Chu Kang are anticipated to benefit from improved access to town centers, reducing reliance on cars
03.
River Valley and East Coast Line Influence
- The upcoming station at Great World City is expected to drive demand for private developments in the River Valley area
- Interest in the East Coast line from Tanjong Rhu to Siglap is set to increase due to enhanced accessibilit
- Renewed interest is anticipated in the private developments along this line, attracting expatriates and international communities
The addition of a station at Great World City is anticipated to heighten demand for private developments in River Valley. Expatriates, drawn to the vibrant nightlife and proximity to established schools, are likely to contribute to increased rental demand. The upcoming MRT station is expected to alleviate pressures on the leasing market in this sought-after area.
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Impact on Rental Demand
- River Valley's popularity among expatriates and proximity to amenities positions it favorably for increased rental demand
- The East Coast line, known for its unique character and proximity to East Coast Park, is expected to see strong rental demand, benefiting smaller freehold apartments
05.
Potential Flattening of Price Gradients
- The introduction of new MRT stations is likely to impact the price and rent gradients from the CBD to the outskirts
- With more options available, homebuyers and renters can optimize housing needs within their budget
- The premium of being near a station may be moderated, emphasizing the importance of the number of stops to the CBD and train transfers between lines
As the new MRT stations come online, the price and rent gradients from the CBD to the outskirts are likely to flatten. Homebuyers and renters will have more options, especially in areas like River Valley and districts 15 and 16, where the appeal is already strong.
06.
Considerations for Future Developments
- While new MRT stations may enhance property values, their impact could be limited without other amenities or a distinctive area character
- Districts like River Valley and those in districts 15 and 16 are well-positioned to benefit, given existing attractions and the appeal of these areas
Private developments along the East Coast line, from Tanjong Rhu to Siglap Centre, have always garnered interest. With improved accessibility through the Thomson-East Coast Line, these districts are poised to attract more attention from the international community, enhancing their appeal to expatriates and overseas visitors.
07.
Attractions along the Thomson-East Coast Line:
- 1. Marina Bay Sands: Located near the Marina Bay station, this iconic integrated resort offers a plethora of entertainment options, including a casino, luxury shopping, world-class dining, and the stunning SkyPark.
- 2. Gardens by the Bay: Alight at Bayfront station to explore these award-winning gardens featuring breathtaking Supertree Grove, Cloud Forest, and Flower Dome, showcasing diverse flora and futuristic architecture.
- 3. East Coast Park: The Marine Parade station offers easy access to the beloved East Coast Park, where visitors can enjoy beachside activities, cycling, picnics, and water sports.
- 4. Katong and Joo Chiat: These culturally rich neighborhoods near the Marine Terrace and Amber stations offer a blend of heritage, vibrant Peranakan culture, and an array of delectable local cuisine.
- 5. Changi Airport: The Changi Airport station connects travelers to the Changi Airport terminals, ensuring a seamless journey for both tourists and residents traveling to and from the airport.
- 6. Sentosa Island: While not directly connected, the TEL's interchange stations make it convenient to access the North-East Line, which in turn connects to the Sentosa Express, your gateway to the famous Sentosa Island attractions.
- 7. Sembawang Hot Springs: Alight at Bukit Timah station for a unique experience at Sembawang Hot Springs, where visitors can relax in natural thermal spring water.
- 8. Thomson Plaza and Bishan-Ang Mo Kio Park: Disembark at Thomson-East Coast Line's Upper Thomson station to explore Thomson Plaza's shopping and dining offerings, as well as the serene Bishan-Ang Mo Kio Park nearby.
As Singapore continues to invest in its transportation infrastructure, the real estate market is poised for changes. Property values, rental demand, and buyer preferences are expected to evolve, with accessibility becoming a key driver in property selection. The unveiling of the Thomson-East Coast Line represents a significant milestone in reshaping the real estate landscape and unlocking the potential value of properties near these strategic transport nodes.
Bukit Timah Collection, Lentoria, and Lentor Mansion stand to benefit from Singapore’s expanding MRT network. As connectivity improves, these properties become not just residences but valuable investments in prime locations.
Why live in lentor?
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Discover unparalleled tranquility at Bukit Timah Collection, where lush greenery meets modern luxury
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With an array of amenities and services just steps away from Bukit Timah Collection, life becomes effortlessly efficient