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 staƟons.
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
differ 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 benefit 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 compleƟon of the line.
According to HSR's senior manager for investment sales, Gabriel
Goh, properƟes near the planned MRT staƟons might see a gradual
increase of 3‐5 per cent in the short term, and later enjoy a 20‐30
per cent premium over properƟes that are not as close to the
staƟons.
Senior manager for training, research and consultancy at DWG, Lee
Sze Teck expects a near term price increase of 5‐10 per cent, with a
price appreciaƟon in the range of 20‐30 per cent when the MRT line
is completed.
That being said, prices of properƟes close to major construcƟon
work sites may take a momentary dip to the tune of 5‐15 per cent,
said DTZ's head of Asia Pacific 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 benefit
most from the reducƟon in travelling Ɵme to town.
The Thomson MRT Line will be launched progressively in three
stages from the north to the south, with three staƟons from
Woodlands North to Woodlands South ready by 2019, six staƟons
from Springleaf to CaldecoƩ ready in 2020, and 13 staƟons from
Mount Pleasant to the Gardens by the Bay fully operaƟonal by 2021.
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