Originally Posted by
Shawn
FEO is waiting for government's official announcement on the eastern regional line before launching their 2 new developments at Amber and Marine Parade Road (opposite Parkway).
Based on my communication with a senior exec officer with FEO, they are not rushing to launch these 2 high end projects. Based on estimates, FEO is expected to launch the projects at above $2000psf as these are freehold developments located just 50-100 metres away from the new mrt station.
So its not surprising for us to see a major price run around the Amber, Marine Parade and Meyer Road area once the announcement on the new mrt line is made sometime end of this year. In addition, this announcement will be made in tandem with a major development coming up at East Coast area.
As far as I can see, we will see a 20-30% rise in psf for developments located around the new mrt line. So, its a good time to invest yr money in this location before the announcement sets in.