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Monthly Archives: August 2009

Stages 1 & 2 of Circle Line to open in first half of 2010

Posted on 30 Aug 2009 | Comments Off

The next phase of the Circle Line – Stages 1 and 2 – will start operations in the first half of 2010. Transport Minister Raymond Lim revealed this at a dialogue session in Bukit Panjang on Sunday.

Its exact opening date, however, will only be finalised after engineers complete the necessary tests.

The first five stations on the Circle Line opened for service on May 28. Even though ridership has not been as high as initially projected on the 5.7-kilometre stretch, this could change with the opening of 11 new stations next year.

Stage 1 of the Circle Line starts from Dhoby Ghaut, through MRT stations like Esplanade and Nicoll Highway, and ends at Stadium, while Stage 2 starts from Mountbatten, through interchange station Paya Lebar, and ends at Tai Seng.

The other 13 stations from Marymount to Harbourfront will be ready by 2011. Daily ridership of this 33.3-kilometre line is estimated to be close to Continue reading →

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Tagged MRT, MRT Circle Line, Singapore Transportation

Property 101: prices can go down

Posted on 29 Aug 2009 | Comments Off

Judging from the brisk sales at launches, it appears many Singaporeans have jumped on the runaway property bandwagon.

But before you get caught up in the sales pitches and showroom euphoria of property agents cheering as each unit is sold, industry players warn that you should step back, take a breath and think twice.

This, they say applies to both HDB upgraders as well as those looking for a second property to spruce up their financial portfolio. Here are a few pointers that ought to be at the back of your mind.

1. Do your sums

It may sound obvious but it is often forgotten. Consider upgrading only if there have been significant changes in your credit profile, say, a pay rise and if your appreciating assets are holding up, said PropNex chief Mohamed Ismail. Continue reading →