Where is property price heading?

Despite expectations of more headwinds, developers are unlikely to lower prices, according to a recent report in The Business Times.

 

 

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Excitements at Changi Village

Hope everyone had a great start to the new year.

Here is the first great news of the year. More excitements to spruce up Changi Village in this brand new year. Changi Village is on track to be developed into a sports and recreational centre. Some of the colonial buildings around Changi Village are undergoing some face lifting.

News article

The Marina Coastal Expressway - opening on Dec 29 2013

Telok Ayer

Telok Ayer Street is one of the most historical places in Singapore.  Telok Ayer is Malay for Bay Water. As the name implies, Telok Ayer was a coastal road along the bay some 200 years ago. Today, the whole bay area in front of Telok Ayer Street lies on reclaimed land. Over the years, Shenton Way and Marina South were reclaimed from the sea. Temples and mosques are plentiful at Telok Ayer, built by early Chinese and Muslim immigrants. The numerous religious and clan buildings on Telok Ayer Street testify to their importance in the past.

Come Dec 22 2013, there will be yet another significant event happening at Telok Ayer. There is a new MRT station opens at Telok Ayer. Telok Ayer MRT Station (DT18) is the name for an underground Mass Rapid Transit train station on the Downtown Line .

 

Thian Hock Keng Temple - oldest Chinese temple in Singapore
 

   


Thian Hock Keng



Nagore Durgha Shrine



Telok Ayer Street





The old waterfront at Telok Ayer in the 1800s



New MRT at Telok Ayer

photos taken with Fujifilm X100S

Next property hotspot – Kampong Bugis

The next property hotspot is slated to be Kampong Bugis in the Central Region. The key highlights for Kampong Bugis are:

1.      Non-gated Fenceless environment to promote community interactions

2.      Green housing where car-less environment is introduced

3.      River Taxis are introduced to reduce dependent on cars

4.      Walking and cycling are encouraged through abundant greeneries

URA news released

Master Plan 2013 – how does it affect you?

The draft Master Plan 2013 was released last week. As the dust settles, many of us ponder over how it may affect us in the coming years. Well, I personally have highlighted some areas that will affect me.

1.       National cycling plan

 

One of the ambitious projects is to create 700 km of cycling networks island wide.

There is always a cycling track near you!

 

 

 

 

 

2.       Car-less environment at Kampong Bugis

 

Kampong Bugis is slated to be more walkable community. This is a pilot area for car-less lifestyle and water taxi is introduced to make the environment more conducive for walking and cycling.

 

 

 

 

3.       Marina South

5 years ago, the focus was to develop Marina Bay. For Master Plan 2013, the gravity has shifted to Marina South.

All eyes are now on Marina South!

 

 

 

 

4.       Walking in the city

Stretching out under and across the city, an extensive pedestrian network of underground, surface and elevated linkways makes walking between MRT stations, offices, retail and public places

 

 

Have you visited the Master Plan 2013 at URA Gallery yet?

 

 

Visit URA Master Plan 2013 for details

Freehold not always better than leasehold

An analysis of the freehold and leasehold indices over the last three property cycles shows that out of the three up-cycles, the freehold index only outperformed the leasehold index over one cycle between 3Q2006 and 2Q2008. This was the period just before the global financial crisis, when the en bloc frenzy reached an all-time high in terms of number of deals and transaction values.

 
 

 

 

Article by Christine Li