Tag Archives: Changi Business Park

Downtown MRT Line boosts home prices

“Many studies have shown the positive impact on prices for houses within proximity to new public transportation, most notably metro systems, tram, suburban railway and bus stations,” according to the latest Knight Frank report on the impact of transport corridors and urban mass transit systems on house prices.

In Singapore, Stages 2 and 3 of the Downtown MRT Line have led to value enhancements of private non-landed residential developments around future stations.

Downtown Line
Source: Knight Frank

Prices of developments situated within 500 metrs of the future Hillview, Beauty World and King Albert Park MRT stations along Upper Bukit Timah Road (in District 21) and Rochor station (in District 7) have seen prices surpass the 20.5 percent average increase in the Outside Central Region (OCR) non-landed private residential price index, since the announcement of alignment plans for Phase 2 of the Downtown MRT Line.

Stage 2 of the Downtown MRT Line is set for completion in 2016 and will run from Bukit Panjang through Bukit Timah, while Stage 3 covers the industrial areas of Ubi and Kaki Bukit as well as Tampines Regional Centre and Changi Business Park when it is ready by 2017.

According to the Global Competitiveness Index by the World Economic Forum, Singapore ranked second globally in terms of infrastructure, with Hong Kong taking the top spot.

Global Competitiveness Index by the World Economic Forum

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Singapore Oceanfront Suites launches

Regal Realty, Singapore-based developer, recently launched its Oceanfront Suites at Pasir Ris project, situated on Singapore’s east side.

The luxury development comprises a total of 58 units, which are arranged in two blocks of apartments set over storeys. Prices start from S$1,511 per sq ft.

Located away from the busy city life and only two minutes from the beach, Oceanfront Suites is a peaceful establishment where residents can participate in seafront activities or simply enjoy the panoramic scenery.

It is in close proximity to Changi Airport, Whitesands Mall and the Downtown East Resort, placing this project in a convenient area for those seeking recreation. Facilities include an outdoor fitness station, ample parking space, lap pool and a children’s playground, amongst others. In addition, the Changi Business Park is nearby, along with the United World College.

There is also high accessibility to other parts of Singapore due to the short distance to expressways and public transport like the PIE (Pan Island Expressway) and the TPE (Tampines Expressway).

Source – PropertyReport – 21 Jun 2013