The Land Transport Authority ("LTA") recently announced the 1st Phase launch of the Cross Island Line. 12 stations will be constructed initially. Soon after the news release by LTA, I got a few messages from property agent informing me that at least 15 units of Affinity at Serangoon were sold following the news. The Affinity at Serangoon was priced at an average of S$1,575psf. It turns out that the condo is just 350 meters away from the new Serangoon North Cross Island Line MRT station. The agent told me not to miss out and buy one as soon as possible before prices get adjusted upwards. Many folks seemed to place premiums in living near MRT stations.
It has always been my dream to live in an apartment just beside the MRT station. Even better if it is a mixed residential and commercial development just right on top of an MRT station...but alas.... money always not enough and just can't seemed to catch up with the ever-raging property fever and perpetual out of reach property pricing in Singapore. However, seems that not everyone enjoys staying near the MRT. I used to have an Australian Expat colleague who preferred serene and remote environment close to nature rather than beside any MRT stations or shopping malls. Reason being that after a hard day's work, he wants to be away from the hustle and bustle of modern working life.
Is it better if one stay beside or on top of a MRT station for convenience sake? Or choose to stay nearer to nature such as more remote parts nearer to reservoir or areas with large parks such as the botanical garden?
The 1st phase of CRL only targeted to start in 2029. If you think that there will be at least 1 major recession between now & 2029, and that buying property during recession gives best value, then why the rush?
ReplyDeleteBetter to buy later during a recession & not having to wait so long for the MRT to open (or even not having to wait at all). Maybe even able to go for property nearer to other more central MRT stations .... the CRL stations are all OCR.
*Nod*Nod*
DeleteThis will shift the center of gravity towards north
ReplyDeleteCross Island Line is good but another project that is serangoon affinity is one such hi-class gem which will give awesome returns on the investment.
ReplyDelete