Towards Financial Freedom
The Real Deals - In loop with Thomson Line
Singapore's sixth MRT line, Thomson Line, will officially commence operations from 2019 onwards. 22 stations have been finalised, including six interchange stations ' Woodlands, Caldecott, Stevens, Orchard, Outram Park, and Marina Bay. It will open in three phases: Phase One with three stations from Woodlands North to Woodlands South; Phase Two, with six stations from Springleaf to Caldecott and the last phase will be the final stretch with 13 stations from Mount Pleasant to Gardens by the Bay. It will acquire a few landed properties along Stevens Road and Upper Thomson Road, and Pearls Centre at Outram Park. Affected parties will be compensated via the SGD18b budget set aside to build the line. We highlight six stations where the impact on private residential projects will be most apparent ' this includes Lentor, Sin Ming, Upper Thomson, Mount Pleasant, Stevens, and Great World. Stations such as Mayflower and Maxwell are more concentrated with public housing and older or landed estates, which could create enbloc opportunities in the future. Stations such as Woodlands North, Woodlands South, Springleaf and Mount Pleasant are built on sparser land plots, and will lay the groundwork for future residential areas.
Source: Maybank Kim Eng
Source: Maybank Kim Eng
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