Which projects will benefit from the Thomson-East Coast Line (TEL)

By OrangeTee Research & Consultancy

Which projects will benefit from the Thomson-East Coast Line (TEL)

Station locations along the East Coast unveiled

The Land Transport Authority (LTA) recently unveiled the station locations along the eastern stretch of the Thomson-East Coast Line (TEL). Spanning a total of 13 km, the eastern stretch will run through the neighbourhoods of Tanjong Rhu, Katong Park, Amber, Marine Parade, Marine Terrace, Siglap, Bayshore, Bedok South and Sungei Bedok. The line will be completed in two phases, the first seven stations from Tanjong Rhu to Bayshore will be ready in 2023, while the last two stations in Bedok South and Sungei Bedok will be ready a year later, in 2024.

Nearby properties to benefit

For a long time, residents in the East Coast have been relying on buses or private transport. With a new MRT line nearby, travelling time to the CBD or to the northern part of Singapore will be shortened significantly. For example, a resident from Marine Parade travelling to Shenton Way will halve his journey time from 40 minutes to 20 minutes. With better accessibility, existing and future properties in the area will benefit positively in the long run.

In the rest of the report, we identify some existing and future property launches located near the MRT stations on the eastern stretch of the TEL, which could see potential capital appreciation over the medium to long term.

Thomson-East Coast Line (eastern stretch)

thomson east coast line

Data source: URA data from July 2013 to June 2014

Tanjong Rhu MRT Station

NoProjectsTenureYear of TOPMedian price (PSF)Median unit size (sqft)Median quantum ($ mil)No of caveats
1Casuarina Cove99 yrs1996$1,0651,3891.55
2Pebble Bay99 yrs1998$1,4141,8942.818
3Tanjong Ria Condominium99 yrs1997$1,2431,0981.42
4Water Place99 yrs2004$1,2941,2271.610

Katong Park MRT Station

NoProjectsTenureYear of TOPMedian price (PSF)Median unit size (sqft)Median quantum ($ mil)No of caveats
1Meyer ResidenceFH2009$1,5671,1091.74
2The BelvedereFH2007$1,6461,3672.33
3The Line @ Tanjong RhuFH2016$2,1158931.93
4The WatersideFH1992$1,3432,1422.910

Amber MRT Station

NoProjectsTenureYear of TOPMedian price (PSF)Median unit size (sqft)Median quantum ($ mil)No of caveats
1AaltoFH2010$1,7941,5283.07
2Amber PointFH1991$1,4381,6682.41
3Amber SkyeFH2017$1,6701,1191.93
4King’s MansionFH1982$1,2631,6042.02

Marine Parade MRT Station

NoProjectsTenureYear of TOPMedian price (PSF)Median unit size (sqft)Median quantum ($ mil)No of caveats
1Cote D’Azur99 yrs2004$1,2511,2921.612
2The PalladiumFH2002$1,4458831.32
3The Sea ViewFH2008$1,7021,4102.45
4Parkway ViewFH1992
5Marine BlueFH2020

Marine Terrace MRT Station

NoProjectsTenureYear of TOPMedian price (PSF)Median unit size (sqft)Median quantum ($ mil)No of caveats
1Grand Duchess at St Patrick’sFH2010$1,4331,6682.42
2St Patrick’s ResidencesFH2013$1,3271,4961.83
3D’SavilleFH2003
4Seventy Saint Patrick’sFHTBA

Siglap MRT Station

NoProjectsTenureYear of TOPMedian price (PSF)Median unit size (sqft)Median quantum ($ mil)No of caveats
1Elliot at the East CoastFH2012$1,0372,3142.45
2Lagoon View99 yrs1977$7981,6471.36
3Laguna Park99 yrs1978$8841,6151.310
4Villa Marina99 yrs1999$9131,3781.314

Bayshore MRT Station

NoProjectsTenureYear of TOPMedian price (PSF)Median unit size (sqft)Median quantum ($ mil)No of caveats
1Bayshore Park99 yrs1986$1,0389361.120
2Costa Del Sol99 yrs2003$1,3091,3461.823
3The Bayshore99 yrs1996$1,0199801.131

Bedok South MRT Station

NoProjectsTenureYear of TOPMedian price (PSF)Median unit size (sqft)Median quantum ($ mil)No of caveats
1Kew Green99 yrs1997$6623,3262.36
2Kew Residencia (Terrace house)99 yrs1996$6612,4651.61

Sungei Bedok MRT Station

NoProjectsTenureYear of TOPMedian price (PSF)Median unit size (sqft)Median quantum ($ mil)No of caveats
1Country Park CondominiumFH2003$1,1931,1731.43
2Eastwood Lodge99 yrs1998$9547860.81
3Fairmount Condominium99 yrs2000$7311,9161.44
4Bagnall CourtFH1991

Photo credit: Flickr/Alan Tan



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