https://www.amfraser.com.sg/gcsg/downloa...120831.pdf
PROPERTY PRICES TO RIDE HIGH ON THOMSON LINE
Consultants expect a jump in prices of developments close to
upcoming staÆons.
Residents in the northern region of Singapore can expect the
announcement of the upcoming Thomson MRT Line to boost
property prices almost immediately, say consultants, although they
diïŽer on the extent of the rise.
Savills research head, Alan Cheong expects residents living in the
Springleaf, Seletar, and Lentor area to see the most beneïŽt from the
Thomson Line given that they are currently underserved by the
public transport system.
Broadly speaking, consultants BT spoke with expect home prices to
spike closer to the compleÆon of the line.
According to HSR's senior manager for investment sales, Gabriel
Goh, properÆes near the planned MRT staÆons might see a gradual
increase of 3â5 per cent in the short term, and later enjoy a 20â30
per cent premium over properÆes that are not as close to the
staÆons.
Senior manager for training, research and consultancy at DWG, Lee
Sze Teck expects a near term price increase of 5â10 per cent, with a
price appreciaÆon in the range of 20â30 per cent when the MRT line
is completed.
That being said, prices of properÆes close to major construcÆon
work sites may take a momentary dip to the tune of 5â15 per cent,
said DTZ's head of Asia PaciïŽc research Chua Chor Hoon.
Ms Chua said she expects the area spanning Woodlands to Upper
Thomson to see the largest increase in price given that they beneïŽt
most from the reducÆon in travelling Æme to town.
The Thomson MRT Line will be launched progressively in three
stages from the north to the south, with three staÆons from
Woodlands North to Woodlands South ready by 2019, six staÆons
from Springleaf to CaldecoÆĐÂ ready in 2020, and 13 staÆons from
Mount Pleasant to the Gardens by the Bay fully operaÆonal by 2021.
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