Transformation has always been the key considerations for potential home owners. Connectivity and amenities are also part of the considerations as well. Discerning home owners have always wanted to have the best of both worlds. Having a property for both for investment reasons and for their own enjoyment. Is this a possibility? In this article, we will discuss on the possibility of such an outcome.
In the central east of Singapore, there lies a quiet residential town within the manufacturing sector of Singapore. This is one of the early townships of Singapore. The Macpherson Estate.
Within the Macpherson Estate, from the masterplan of 2019, we can also see that there are additional 4 more plots of potential land for the development of residential development as well. So what does this mean? More residential in the future? Higher prices? The likelihood of the price in this location to rise is there as we all know that land cost in Singapore is an upward trend for the last 20 years. The land bidding exercise in Singapore has always seen a minimum guide price before the bids are opened. So wo controls the pricing? The market or the government? You decide.
One of the earliest HDB towns in Singapore. Once a vibrant town bustling with commercial activities and the biggest shopping centre was found here. Today, Macpherson estate is an old HDB estate with an aging population residing in it.
New developments are slated for the rejuvenation of this city fringe estate. Singaporeans who are unfamiliar with this location will never know of the existence of its yester years. What we hear most about this estate is about how ulu and unknown this place is. Singaporeans on a whole tend to be a bit more myopic with regards to investment opportunities. Singaporeans tend not to be able to see into the future of what lies ahead. Being in Singapore for a couple of decades, it is a known fact that the URA focuses a lot of the renewal of townships in Singapore. Ensuring that all the residential towns are in line with the URA’s plans for Singapore.
Mattar MRT Station
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With the introduction of the Circle line and Downtown line MRT in Singapore, residential estates like Macpherson are now very much well connected to the other parts of Singapore. The Downtown Line connects the North West part of Singapore to the Eastern part of Singapore to Changi International Airport via the downtown core of Singapore. Residents living in the Macpherson estate can be assured of a mere 12-15 minutes of train ride that gets them right into the heart of the new financial district of Singapore in Marina Bay. The connectivity does not stop at that. Located just 1 station away within the Macpherson estate is the Macpherson interchange that links both the Downtown Line and the Circle Line. The Circle line connects nicely to the Paya Lebar Central if there is a need to get into a nearby commercial shopping location.
Source: URA
Within the Macpherson Estate, from the masterplan of 2019, we can also see that there are additional 4 more plots of potential land for the development of residential development as well. So what does this mean? More residential in the future? Higher prices? The likelihood of the price in this location to rise is there as we all know that land cost in Singapore is an upward trend for the last 20 years. The land bidding exercise in Singapore has always seen a minimum guide price before the bids are opened. So who controls the pricing? The market or the government? You decide.
With the nostalgia of an early estate in Singapore and the new developments in that area, we do see an opportunity for both home owners and property investors to consider. Remember that it is not an everyday affair that we do get a MRT as a facility that is just next to your home. You may not know the convenience until you live in one and experience it yourself.
