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Thread: MRT in D15 *eastern region line

  1. #271
    Join Date
    Apr 2010
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    15,294

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    Quote Originally Posted by DC33_2008
    I can see people are very excited about the location of the station for this MRT line. They have only just announced stations of a the DTL that will complete in 2017. Any idea when will they annouce station for this line?
    i read smwhr stated 2011-2012

    but hor, i got no stake along erl...cant be bothered

  2. #272

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    Quote Originally Posted by luzman
    That is exactly my point...dont be too engrossed on hard data and start to make speculations and tracking on the soil study etc...its too much details and doesnt see the big picture of the actual situation ....

    Let me put my main point here again before somebody starts to misread of misinterpret my comments...

    I did not say doing all this soil tracking and analysis of possible MRT station is stupid or according to your words "clueless or plain ridiculous"...I am saying by all means do that if your MRT station is going to be ready within these few years....What i am saying is that I fail to understand it when the station is going to be ready maybe 2020...maybe 2021 or 2022....its too far away for god's sake....so, it makes no sense because there are many factors within the next 10 years that will affect prices...certainly not the MRT lines now....that's what i mean by saying "look at the big picture and not dealt will too much details"..
    Please read my 1st reply to you again. You seem to be fixated on the completion date. The gist of my reply states that its the announcement of the exact location of the station which will cause the first spike. Actual completion of the station may result in another but potential buyers react more on announcement than completion.

    The announcement is slated in 2011/12 which is barely 1 to 2 years away. According to the article below, condos near MRT can command a premium of upto 20% over condos which are further away.

    Why this thread has so much interest is simple. Assuming an investor is spot on and buys a condo right next to the proposed MRT. He only has to wait for a year or two before he can cash in and sell for a 20% premium. Not a bad investment in my book and certainly worth all the tracking and soil analysis.

    Even if its a 10% gain, its a pretty good return for a year's risk taking into account that actual cash outlay is only 20% of the total value if you are lucky enough to pick up a deferred payment scheme property


    Singapore buyers seeking condos near MRT stations
    These properties command a premium of up to 20%
    Oct 31, 2008
    iProperty.com Singapore home buyers are becoming increasingly keen on properties located within walking distance to an MRT station, as convenience becomes a main concern in the midst of high petrol prices.
    These increasingly popular units are able to command a premium of up to 20 per cent. There have been instances where buyers are willing to pay between 10 and 20 per cent more than they would for a home a few bus stops away from a station.
    One of the reasons home buyers do not mind forking out the extra cash is because they believe it would help them save on transportation costs in the long run, especially with the hike in the cost of living.
    Other contributing factors include multiplying Electronic Road Pricing gantries and increasing worries over environmental degradation.
    This convenience is also favoured by citizens who do not drive, buyers with school-going children and investors who want to rent the units to expatriates. Majority of these people rely heavily on public transport.
    Although prime districts such as 9, 10 and 11 remain popular, these buyers are also looking towards properties near MRT stations, pushing prices up.
    Housing Development Board (HDB) flats with proximity to stations have had their valuations increase by at least S$20,000 or S$30,000. To top it off, buyers often pay even more in cash.
    Some of the more popular HDB flats close to MRT stations include those in areas like Tiong Bahru, Redhill and Queenstown, all of which are close to town. Even so, units nearby stations in the suburbs can enjoy a big boost in price.
    Flats in Woodlands close to the MRT station are seeing asking prices of between S$40,000 and S$50,000 above valuation, and demand is so high that available units get snapped up within two or three weeks compared to the few months to sell a unit further from the station.
    Due to the fact that owners of these flats are comfortable and do not want to sell, the supply of such units are low and in turn compels buyers with the budget to take any well-located flat for sale.
    For private properties, the scenario is similar with condominiums close to MRT stations commanding a premium of up to 20 per cent over similar units further away.
    At Tiong Bahru MRT station, new condominiums located at the doorstep of the station, such as Twin Regency and Regency Heights in Kim Tian Road, are able to fetch S$1,240 psf on average. Meanwhile, about five to 10 minutes away, prices average at S$1,072 psf or about 15 per cent less, at the equally new The Regency at Tiong Bahru on Chay Yan Street. Rental returns are also very high, thus these units are rarely on the market.
    Even so, proximity to different MRT stations affects property values differently; with big differences between two consecutive stops. According to analysis by property firm Savills Singapore, condos around Novena have price tags almost double of those around Toa Payoh.
    The same analysis revealed that condos around the Dhoby Ghaut station fetched an average of S$1,600 psf in the first six months of the year. Meanwhile, condos near the Little India station less than two kilometres away, fetched only two-thirds that on average, or S$1,071 psf.
    Other factors that influence buyers include quality, age and tenure of the project, as well as its facilities, potential rental rates and available amenities in the area.
    Units near Lavendar and Farrer Park MRT stations are separated by only 1.5km in distance but the difference in price is about S$200 psf. Condos with good facilities such as Citylights at Lavender boosted prices in the vicinity to an average of S$1,104 psf in the first six months of the year but at Farrer Park, which is surrounded by smaller condos with minimal facilities, rents and prices tend to be lower.
    Last edited by proper-t; 24th August 2010 at 06:11 PM.

  3. #273

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    Quote Originally Posted by proper-t
    Please read my 1st reply to you again. You seem to be fixated on the completion date. The gist of my reply states that its the announcement of the exact location of the station which will cause the first spike. Actual completion of the station may result in another but potential buyers react more on announcement than completion.

    The announcement is slated in 2011/12 which is barely 1 to 2 years away. According to the article below, condos near MRT can command a premium of upto 20% over condos which are further away.

    Why this thread has so much interest is simple. Assuming an investor is spot on and buys a condo right next to the proposed MRT. He only has to wait for a year or two before he can cash in and sell for a 20% premium. Not a bad investment in my book and certainly worth all the tracking and soil analysis.

    Even if its a 10% gain, its a pretty good return for a year's risk taking into account that actual cash outlay is only 20% of the total value if you are lucky enough to pick up a deferred payment scheme property
    Let me get this point down once and for all in case you still do not understand the main point...see below for the article in today's Straits Times...

    Prices will rise for sure but if the time line is too long...say 7 to 10 years...no investor with the right mind will jump in....even the newly announced line is limited effect for people looking for homes now because it will be 7 years later when ready....be realistic...

    http://a.imageshack.us/img178/2053/imagezv.jpg

  4. #274

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    Quote Originally Posted by proper-t
    Please read my 1st reply to you again. You seem to be fixated on the completion date. The gist of my reply states that its the announcement of the exact location of the station which will cause the first spike. Actual completion of the station may result in another but potential buyers react more on announcement than completion.

    The announcement is slated in 2011/12 which is barely 1 to 2 years away. According to the article below, condos near MRT can command a premium of upto 20% over condos which are further away.

    Why this thread has so much interest is simple. Assuming an investor is spot on and buys a condo right next to the proposed MRT. He only has to wait for a year or two before he can cash in and sell for a 20% premium. Not a bad investment in my book and certainly worth all the tracking and soil analysis.

    Even if its a 10% gain, its a pretty good return for a year's risk taking into account that actual cash outlay is only 20% of the total value if you are lucky enough to pick up a deferred payment scheme property
    I think you need to read your article property....a premium of 20%....and u say over a period of 1 year...? you must be kidding me man.....it it is that easy to make money...everyone no need to work already...just buy near MRT and wait 1 year and keep doing that and u will be happy rest of your life without working...

    Come on man...premium of 20% over several years lah....unless of course your MRT station is visited by millionaires who dont drive and need a property there and willingly to pay you 20% premium in 1 year...

  5. #275

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    i believe both sides of the camp have valid points. it all boils down to each individual's investment objectives and preferences. short term = sell on strength or positive news, long term = search for properties with better ROI

    no right or wrong in either case

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