Month: February 2025

City Developments (CDL) has addressed the “serious lapses” in its corporate governance, according to a second statement released by CDL’s executive chairman, Kwek Leng Beng.

When considering investing in condo properties in Singapore, it is important to take into account the government’s property cooling measures. The Singaporean government has implemented several measures over the years to control speculative buying and maintain a steady real estate market. One of these measures is the Additional Buyer’s Stamp Duty (ABSD), which imposes higher taxes on foreign buyers and those purchasing multiple properties. Although these measures may affect the short-term profitability of condo investments, they also contribute to the long-term stability of the market, creating a secure investment environment.

After a court hearing on Feb 26, the two recently appointed directors, Jennifer Duong Young and Wong Su Yen, have agreed not to exercise their powers as directors until further notice from the court. These two directors were previously appointed through directors’ resolutions in writing, which Kwek considered to be irregular and rushed.

Kwek has also stated that his son, Sherman Kwek, and the other directors who acted with him, including Philip Lee and Wong Ai Ai, have also agreed not to make any further changes to the board committees or management of CDL’s subsidiaries until the court makes a ruling. The nominating and remuneration committee, which was deemed to be irregularly constituted, has also been suspended from taking any further actions.

According to Kwek, this means that CDL’s board committees and management of its subsidiaries are now protected from any further attempts to destabilize or reconstitute them.

Kwek emphasizes that strong corporate governance is crucial for a successful and sustainable business. It ensures transparency, accountability, and responsible decision-making, which are essential for maintaining investor confidence and protecting the interests of shareholders.

The morning of Feb 26 saw CDL announce a temporary halt in trading of its shares and the last-minute cancellation of its FY2024 results briefing. CDL cited a disagreement within the board regarding the composition and constitution of the board and its committees as the reason for the suspension.

However, CDL reassured stakeholders that its business operations remain unaffected, and Sherman Kwek will continue to serve as group CEO until there is a board resolution to change leadership.

In his initial statement, Kwek accused his son, Lee, Wong, and other directors of attempting to gain control over the board and the company. He also mentioned that he had filed court documents on Feb 25 to address the situation, which he deemed necessary to deal with this “coup.”

Kwek stated that they intend to change the CEO at the appropriate time and will explore all legal options to defend and protect the interests of CDL and its shareholders. If Sherman is removed as CEO, Kwek Eik Sheng, the current COO, will take over as interim CEO.

CDL’s shares were last traded at $5.12 before the trading halt on the morning of Feb 26.…

Jun 12, 2020 12:00 AMColliers has announced two key appointments in its Hong Kong capital markets team.Nikki Tse has been appointed as executive director of capital markets and investment services for Hong Kong, while Kelvin Li has been appointed as deputy managing director of capital markets and investment services for Hong Kong.Tse has over 20 years of experience in the real estate industry, with a focus on investment advisory. Prior to joining Colliers, she was the director of investment services at JLL.Hong Kong expands urban renewal plan, hikes subsidy for elderly ownersMay 20, 2020 1:45 PMThe Hong Kong government announced on May 19 that it will provide more financial incentives for the city’s urban renewal, including a higher subsidy for elderly owners. The subsidy for eligible elderly owners has been increased from 75% to 100% of the cost of Home Renovation Interest-free Loans in recognition of the fact that they have contributed immensely to society during their working years, government officials said to Hong Kong’s Legislative Council (LegCo).The Hong Kong government has also extended the application period for the Home Renovation Interest-free Loan Scheme for the Elderly to end of June 2020, with the aim of helping senior residents to pay for necessary and basic home improvement expenses, according to a briefing paper published on LegCo’s website.On May 19, the Hong Kong government launched the application period for the 2020/21 Urban Renewal Authority (URA) Demand-led Redevelopment Project (DDP) Pilot Scheme. The scheme gives owners of ageing buildings the choice to redevelop their property in partnership with private developers. The application period will end on Dec 31.

Colliers is bolstering its occupier services team in the Asia Pacific region with two key appointments, as announced in a press release on Feb 25. Leanne Chin has been appointed as the director of regional tenant representation for Asia Pacific and will be based in Colliers’ Singapore office. In addition, Ali Porter has been appointed as the director of enterprise clients for Hong Kong, relocating from London where he served as part of Colliers’ Europe, Middle East, and Africa business for the past four years.

When purchasing a condo, it is crucial to take into account the maintenance and management aspect of the property. Typically, condos come with additional maintenance fees that cover the upkeep of shared spaces and amenities. While these fees may increase the overall cost of owning a condo, they also ensure that the property remains well-maintained and retains its value. Hiring a property management company can assist investors in managing the day-to-day responsibilities of their condo, ultimately making it a more hands-off and passive investment.

In his new role, Porter will be responsible for aligning occupiers’ real estate portfolios with their corporate strategies across Asia Pacific. Meanwhile, Chin will focus on supporting occupiers with their regional expansion strategies.

This move comes as part of Colliers’ efforts to strengthen and expand its presence in the region. With a growing demand for occupier services, the appointments of Chin and Porter will bring valuable expertise and industry knowledge to the company.

In a separate announcement, Colliers has also made two key appointments in its Hong Kong capital markets team. Nikki Tse has been appointed as executive director of capital markets and investment services for Hong Kong, while Kelvin Li takes on the role of deputy managing director of capital markets and investment services for Hong Kong.

Tse, who brings over 20 years of experience in the real estate industry, will focus on investment advisory services. She joins Colliers from JLL, where she served as the director of investment services. Li, on the other hand, will bring his extensive experience in the Asia Pacific real estate market to his new role, supporting the growth and success of the capital markets team in Hong Kong.

Meanwhile, in other news related to the Hong Kong property market, the government has announced an expansion and enhancement of its urban renewal plan. This includes increased financial incentives, such as a higher subsidy for elderly owners who have contributed to society during their working years. The application period for the Home Renovation Interest-free Loan Scheme for the Elderly has also been extended until the end of June 2020.

Additionally, the government has launched the application period for the 2020/21 Urban Renewal Authority (URA) Demand-led Redevelopment Project (DDP) Pilot Scheme, allowing owners of ageing buildings to redevelop their properties in partnership with private developers. The scheme aims to revitalize the city and improve the living conditions for its residents. The application period will end on Dec 31.…

In response to a request for a trading halt earlier this morning, City Developments Limited (CDL) has released a statement explaining that the halt was due to a disagreement within the board regarding its composition and structure, as well as the board committees. Despite this, CDL reassures that their business operations continue to run smoothly without any disruptions.

Sherman Kwek will remain as the group CEO until there is a board resolution to change company leadership. According to CDL’s statement on February 26, Kwek stated that “It is incredibly disappointing that our chairman and a minority of the CDL board have decided to take these extreme actions regarding this disagreement around the size and make-up of the CDL board.” He also emphasized that the issue has never been about removing the chairman from his position, but rather to improve the company’s governance standards.

CDL has announced that it will provide updates in accordance with the listing rules of the Singapore Exchange (SGX) should there be any significant developments in this matter. In a later statement, Kwek expressed his disappointment with the chairman and minority board members for taking legal action without the majority’s authorization. He reiterated that the board’s focus has always been to enhance governance and decision-making within the company.

On February 26, before market opening, CDL reported its financial results for FY2020 and later canceled its 10am results briefing. The company’s shares were last traded at $5.12. CDL also offered a proposal to privatize Millennium & Copthorne Hotels New Zealand for $1.72 per share.

To summarize, purchasing a Singapore Condo presents numerous benefits, such as high demand, potential for capital appreciation, and attractive rental yields. However, it is crucial to carefully consider elements like location, financing, government regulations, and market conditions. By conducting thorough research and seeking professional guidance, investors can make well-informed decisions and maximize their returns in the ever-changing real estate market of Singapore. Whether you are a local investor looking for portfolio diversification or a foreign buyer seeking a stable and profitable investment, condos in Singapore offer a compelling opportunity. Get in touch with Singapore Condo to explore this potential investment further.

This article first appeared on .…

JLL, the sole marketing agent for Ching Shine Industrial Building, has announced that the freehold property is up for collective sale by tender with a minimum price of $113 million. The building, which is located at Shaw Road, is comprised of 52 strata units and has a 100m frontage. The site has a total land area of 49,308 sq ft and a gross floor area of approximately 137,341 sq ft.

Built in the early 1980s, the property is zoned under “Business 1” and has a gross plot ratio of 2.5 according to the URA Master Plan 2019. Over 80% of the owners have already given their consent for the collective sale at the minimum price of $113 million. This translates to a unit land rate of about $823 psf per plot ratio at the existing gross plot ratio of 2.79.

Investing in a Singapore Condo has become a top choice for both local and foreign investors thanks to the thriving economy, political stability, and excellent quality of life in the city-state. With its robust real estate market, Singapore offers a range of investment opportunities, and condos are particularly attractive options due to their convenience, amenities, and potential for high returns. This article delves into the advantages, considerations, and essential steps for those looking to invest in a condo in Singapore.

According to JLL, with approval from URA, the site has the potential to be converted into a food factory. This is supported by the confirmation from the National Environment Agency (NEA) that the site meets the buffer requirements for redevelopment into a multi-user factory. The Singapore Food Agency has also given an in-principle non-objection to the proposed food factory at the site.

In addition to this, the freehold property also presents an investment opportunity for family offices seeking long-term growth or for owner-occupiers looking to establish a corporate presence. Senior Director of Capital Markets at JLL Singapore, Nicholas Ng, believes that the property would also attract developers given the absence of additional buyer’s stamp duty.

Ching Shine Industrial Building is easily accessible via major expressways such as the PIE, CTE, and KPE, and is within walking distance from Tai Seng MRT Station on the Circle Line. It is located in the Tai Seng Industrial estate which houses notable food factories including Breadtalk IHQ, Sakae Building, and Food Empire Building. It is also in close proximity to Grantral Mall @ Macpherson and 18 Tai Seng, which provide convenient amenities for residents.

Another property in the same vicinity, Noel Building, a freehold Business 1 industrial building at 50 Playfair Road, sold for $81.18 million in November 2023, which is 17% above its $70 million guide price. Ng believes that this transaction demonstrates the strong demand for such assets in the area. He also expects a similarly competitive response for Ching Shine Industrial Building.

The tender for Ching Shine Industrial Building will close on April 3 at 3pm.…

PropNex, Singapore’s largest real estate agency, has reported a decline in earnings for its 2HFY2024, which ended on Dec 31, 2024. Earnings for the period totaled $21.9 million, down 14.9% from the previous year. This has also resulted in a lower full-year earnings of $40.9 million, a decrease of 14.4% compared to FY2023.

The decline is attributed to a 6.6% decrease in revenue for FY2024, as the property market remained subdued. In spite of this, in celebration of its 25th anniversary, PropNex plans to pay a special dividend of 2.5 cents per share along with a final dividend of 3 cents. This will bring the total dividend payout for FY2024 to a record high of 7.75 cents, with a payout ratio of 140.1% and a yield of 8.2%.

Despite the lower earnings, PropNex has seen an increase in activity in the last quarter of 2024, driven by a surge in sales of new private homes. This positive trend is expected to have a significant impact on the company’s financials, but its effects will only be recorded in the current 1HFY2025 results, which suggests a strong performance ahead.

PropNex is optimistic about its prospects for FY2025, given the favourable outlook of the property market and an estimated 13,000 new unit launches (including Executive Condos), which is almost double the supply recorded in 2024. The private resale market is also expected to remain active, with transaction volumes projected to range between 14,000 and 15,000 units.

The company believes that demand will be driven by the persistent price gap between new and non-landed resale properties, the preference for larger, ready-to-move-in homes, and the impact of fewer new supply completions. In the HDB resale market, prices are expected to grow by 5% to 7%, with transaction volumes reaching 29,000 to 30,000 units.

The urban landscape of Singapore is defined by its towering skyscrapers and modern infrastructure. One of the most sought-after types of properties in this city are condominiums, strategically located in desirable areas to offer a perfect blend of luxury and functionality that appeals to both locals and foreigners alike. These condos boast an array of top-notch facilities, such as swimming pools, fitness centers, and security services, which not only enhance the living experience of residents but also make them highly attractive to potential buyers and tenants. For investors, these amenities translate into high rental returns and a promising increase in property value over time. To keep up with the ever-changing real estate market, it is crucial to stay updated on the latest new condo launches available. Keep an eye out for New Condo Launches to stay ahead in the dynamic property market of Singapore.

Projects launched in 2025, such as The Orie, Bagnall Haus, Parktown Residence, and ELTA, have already garnered strong interest from the market, according to the company’s CEO, Mr. Ismail. The positive economic outlook and lower mortgage rates also bode well for market confidence, potentially creating opportunities for both homebuyers and investors.…

Singapore’s cityscape is dominated by towering skyscrapers and state-of-the-art infrastructure. These modern structures are home to luxurious condominiums, strategically located in highly desirable areas, making them appealing to both locals and foreigners. These condos offer a perfect combination of opulence and convenience, with top-notch facilities such as swimming pools, fitness centers, and round-the-clock security services. These added perks not only improve the overall living experience, but also make them an attractive investment option with potential for high rental yields and appreciation in property value over time. Keep an eye out for new condo launches for even more options in the ever-evolving Singapore condo market.

Gracelynn Zhu, the representative from PropNex Shophouse Elites, is offering a corner two-storey shophouse with an attic for sale by private treaty. Situated at 209 Jalan Besar, the 999-year leasehold property is being sold for a price below $20 million.

The shophouse spans over 5,502 sq ft and is designated for commercial use. The first floor is approved for a restaurant, and a portion of the second floor is also approved for the same purpose. With a price tag of $20 million, the shophouse’s per square foot (psf) price is calculated to be $3,635.

The property’s location can be seen on the map provided by EdgeProp LandLens. As per Zhu, the shophouse is currently undergoing asset enhancement initiatives (AEI), which includes the installation of micro piles that are 30m long to strengthen the property’s structural foundation. The AEI is expected to be completed this year.

The shophouse is situated in the Desker Road Conservation Area in District 8, near Little India. The Jalan Besar MRT Station on the Downtown Line is within walking distance from the property.…

Singapore has cemented its position as a highly sought-after location for real estate investment, attracting a diverse range of both local and international investors. Thanks to its robust economy, stable political landscape, and exceptional quality of life, the country has become a prime choice for those interested in purchasing a condo. With a wide array of opportunities in the real estate market, condos have emerged as a popular option due to their convenience, amenities, and potential for lucrative returns. In this article, we will explore the benefits, considerations, and necessary steps involved in investing in a condo in Singapore, with a special focus on projects currently available in the country. To learn more about specific projects in Singapore, check out Singapore Projects.

There is an anticipated continuation of robust investment activity in the Asia Pacific (Apac) hotel sector in 2025, according to a recent survey conducted by CBRE. The survey, titled the 2025 Asia Pacific Hotel Investor Intentions Survey, found that over 72% of hotel investors surveyed in November and December of last year plan to increase their purchasing of hotel assets in 2025. Additionally, 45% of respondents stated they are looking to increase their purchasing volume by more than 10% this year.

Steve Carroll, head of hotels, capital markets, Asia Pacific at CBRE, notes that after a strong performance over the past 18 months, investors are expecting Apac hotel and living assets to have the most optimistic pricing expectations in 2025. This positive outlook is fueled by a rebound in tourist arrivals, particularly in key markets such as Japan, Singapore, and Australia, which has led to an increase in room rates and income growth for hotel operators.

The survey also found that investors are encouraged by the limited hotel supply in the Apac region. According to data from hospitality data intelligence group STR, the hotel supply pipeline in Apac is set to grow at a CAGR of 2.2% between 2024 and 2028, significantly lower than the 5% CAGR seen between 2013 and 2023.

REITs were found to have the highest net buying intentions, at 22%, marking a significant improvement from the -13% recorded in last year’s survey. This suggests a shift in mindset, with REITs now planning to invest in hotel assets after several years of negative investment intentions.

Institutional investors and property funds were the next most active buyer types, with net buying intentions at 12% and 10% respectively. CBRE notes that private equity and real estate funds for hotels became more active in 2024 and are expected to continue this trend in 2025.

However, the survey also revealed that private investors and high-net-worth individuals are expected to drive fewer hotel acquisitions this year. This is due to a greater level of selling activity, as these investors look to capitalize on improved market sentiment after acquiring assets during a period of price dislocation in the previous years.

According to the survey, upscale and upper midscale hotel assets are favored by respondents for investment opportunities in 2025, overtaking the upper upscale category which was the top choice in last year’s survey. This could be due to the operational flexibility and value-added opportunities offered by these assets, including redevelopment, adaptive reuse, and rebranding of existing properties. Additionally, these assets often have a leaner labor pool, which can help reduce operating costs.

Investors are also turning to long-stay or hybrid hospitality models, such as converting assets into co-living spaces, which are gaining traction in markets like Japan, Hong Kong, and Singapore where there is demand for cost-effective accommodation in inflexible rental markets.

Other emerging trends noted in the survey include a preference for assets with vacant possession at the time of acquisition, allowing for flexibility in terms of operator selection and refurbishment works. There is also increased interest in limited-service hotels, as investors focus on minimizing operational costs.

The top five cities preferred by hotel investors in the survey included Tokyo, Osaka, Singapore, Sydney, and Seoul. Low interest rates and stable income streams from hotel properties were cited as the main reasons for Tokyo and Osaka’s popularity. Singapore and Sydney were also favored due to solid hotel fundamentals, including growth in daily rates and operating profits. Seoul saw an uptick in investor activity, driven by an increase in visitors from mainland China and resulting increases in daily rates.…

In a joint press release on Feb 24, ETC (Edmund Tie) and OrangeTee Group announced their plans to merge and form a new holding company. The name of the new entity has not yet been revealed.

According to Desmond Sim, CEO of ETC, this is not an acquisition but a merging of minds. As the CEO of ETC, Sim will also serve as the group CEO of the merged entity. Meanwhile, Justin Quek, the current CEO of OrangeTee & Tie, will take on the role of deputy group CEO.

When it comes to investing in Singapore Condo, location is a crucial factor to consider. This holds especially true in Singapore, where the value of real estate is heavily influenced by its location. Condominiums that are situated in central areas or in close proximity to essential amenities such as schools, shopping malls, and public transportation hubs have a higher potential for growth in value. Prime locations in Singapore, such as Orchard Road, Marina Bay, and the Central Business District (CBD), have consistently shown an increase in property values over the years.

One of the main reasons for the appreciation in property values in these areas is their convenient location. These areas are known for their bustling city life, with easy access to various amenities and services. For instance, Orchard Road is a popular shopping district, while Marina Bay boasts luxurious waterfront living and the CBD is the hub of Singapore’s business and financial industries. This makes these locations highly desirable for both locals and expats, thereby driving up property values.

Another factor contributing to the high investment potential of condos in these areas is their proximity to reputable schools and educational institutions. Singapore is known for its excellent education system, and families are willing to pay a premium to live near good schools. This further adds to the demand for condos in prime locations, making them a valuable investment for both long-term and short-term gains.

In conclusion, it is evident that investing in Singapore Condo is highly dependent on the location of the property. Condos in central areas or near essential amenities and reputable schools have a higher potential for growth in value and are considered prime investment options in Singapore’s real estate market. As the saying goes, “location, location, location” is the key to a successful real estate investment in Singapore.

After the merger, ETC will focus on consultancy and advisory services, while OrangeTee will concentrate on proptech and its real estate agency business. The firm has a network of 2,803 salespersons registered with the Council for Estate Agencies (CEA) as of Feb 24.

The combined entity, which will have over 520 staff, aims to drive growth and create value for all stakeholders in the dynamic real estate landscape, says Sim.

This merger builds on the August 2017 joint venture between the former Edmund Tie and OrangeTee, which combined their associates’ business under a new entity, OrangeTee & Tie. This propelled the firm to the third spot among the top three agencies with over 4,000 agents. After the joint venture, the former Edmund Tie had taken a 20% stake in OrangeTee & Tie.

The latest merger was facilitated by Triplestar Holdings and TH Investments, entities related to the family of Roland Ng, managing director and group CEO of Tat Hong Holdings, which acquired a stake in ETC following a management buyout in 2016. Today, Triplestar Holdings and TH Investments own 100% stake in ETC.

This year marks a significant milestone for ETC as it celebrates its 30th anniversary, according to Sim. The firm was formerly known as Edmund Tie & Company before rebranding as ETC.

OrangeTee Group, which will celebrate its 25th anniversary this year, is an investment holding company led by the board of directors and C-suites including Quek, Marcus Oh, Teo Yak Huat, and Christine Sun. With a strong brokerage and consultancy team supported by advanced proptech, the firm aims to deliver innovative solutions across all real estate sectors.

Shareholders in OrangeTee Group include Tokyu Livable Inc., which acquired a 22.5% stake in the firm in 2014. The firm is a subsidiary of Tokyu Fudosan Holdings, one of Japan’s largest real estate agencies.

Private property fund Vogue Capital Group is also a shareholder of OrangeTee Group. Both Vogue Capital and Tokyu Livable will have a stake in the new holding company along with Triplestar Holdings and TH Investments.

Last year, ETC expanded its presence in the ASEAN region and Japan with the opening of an office in Johor Bahru through its joint venture company in Malaysia, Nawawi Tie. The firm also has a presence in Penang and Thailand through its associate company, Edmund Tie & Co (Thailand).

“We believe this merger will bring more opportunities for us in the ASEAN region and Japan, especially through our relationship with Tokyu Livable,” adds Sim.

Overall, the private residential resale prices have remained steady in the third quarter of 2024.…

The developers of ParkTown Residence in Tampines North, UOL Group and CapitaLand Development, have reported a successful launch weekend with the sale of 1,041 units, which accounts for over 87% of the total 1,193 units. This joint project was announced on Feb. 23.

According to UOL’s general manager of residential marketing, Anson Lim, the project achieved an average price of $2,360 per square foot (psf). The majority of buyers were either Singaporean homebuyers or investors.

Out of the total number of units, two-bedroom and three-bedroom apartments were the most popular, making up 994 units (83%). These units were also the most sold, with 92% being snapped up over the weekend.

The developers stated that buyers were drawn to ParkTown Residence for its unique status as a fully integrated residential and lifestyle development, directly connected to a retail mall, the future Tampines North MRT station, a bus interchange, a green boulevard, a community club, and a hawker centre.

Before the launch weekend, ParkTown Residence had collected 2,367 cheques, equating to a sales conversion rate of 44%. This is well above the average of 30% to 35% for most new project launches in recent years.

Huttons Asia CEO Mark Yip commented that since the launch of the 1,399-unit High Park Residences in July 2015, no mega project has sold more than 1,000 units in its launch weekend.

ParkTown Residence at Tampines 62 is a part of the first mixed-use development integrated with a transport hub in Tampines (Source: EdgeProp Landlens)

ParkTown Residence had the most units sold in a launch weekend since the 846-unit Emerald of Katong, which recorded a 99% take-up rate with the sale of 835 units in November last year, as noted by PropNex CEO Ismail Gafoor.

“The take-up at ParkTown Residence has also surpassed that of previous integrated developments,” Gafoor added.

The most recent integrated project launch was The Reserve Residences, a 732-unit development launched in May 2023, which achieved a 71% take-up rate during its launch weekend. As of Feb 23, the project was 98.2% sold at an average price of $2,484 psf, based on caveats lodged.

ERA Singapore CEO Marcus Chu also stated that mixed-use developments integrated with transport hubs are popular among homebuyers and investors, as they have shown good capital upside potential and high rentability.

Singapore has become a sought-after destination for investors looking to purchase a condo due to its thriving economy, stable political climate, and exceptional quality of life. With a plethora of opportunities available in the real estate market, condos stand out as a popular choice for their convenience, amenities, and potential for lucrative returns. In this article, we will delve into the advantages, factors to consider, and necessary steps to take when investing in a Singapore condo, which is available through sites like Singapore Condo.

The last two fully integrated developments to be completed were the 920-unit North Park Residences in Yishun (launched in 2015) and the 680-unit Sengkang Grand (launched in 2019) at Buangkok. The average price of North Park Residence is $1,809 psf, which is 65% higher than the average resale prices of residential units in District 27. Meanwhile, Sengkang Grand commands an average price of $2,029 psf, which is 25% higher than the average resale prices in District 19, according to ERA’s Chu.

Situated at Tampines Street 62, ParkTown Residence is located in the third largest HDB town after Hougang and Woodlands. Huttons’ Yip shared that a fair number of buyers were HDB upgraders who desired to live in Tampines.

The completion of ParkTown Residence in 2030 aligns with the scheduled opening of the Tampines North MRT Station on the Cross Island Line (CRL), a major arterial line that runs from East to West of Singapore, said SRI’s managing partner Ken Low. 2030 is also when the neighboring Paya Lebar Airbase is planned to relocate, freeing up approximately 800 hectares of land for future developments.

Under the URA Master Plan, three more government land sales (GLS) sites will be connected to the upcoming Tampines North MRT Station. However, Low mentioned that these new projects could potentially be launched at higher prices.

Tampines will also benefit from new infrastructure developments by 2027, including a cycling bridge, an underpass, and an additional 7.7km of cycling paths, bringing the total to 40km. There will also be a new pedestrian route between Tampines MRT Station and the malls in the regional center. These additions were announced on Feb 22, as part of the Tampines Town Council’s five-year master plan for 2025 to 2030.

“All of these will further enhance the livability of Tampines, which already has strong attributes,” added Low from SRI.…