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

No Projects Tenure Year of TOP Median price (PSF) Median unit size (sqft) Median quantum ($ mil) No of caveats
1 Casuarina Cove 99 yrs 1996 $1,065 1,389 1.5 5
2 Pebble Bay 99 yrs 1998 $1,414 1,894 2.8 18
3 Tanjong Ria Condominium 99 yrs 1997 $1,243 1,098 1.4 2
4 Water Place 99 yrs 2004 $1,294 1,227 1.6 10

Katong Park MRT Station

No Projects Tenure Year of TOP Median price (PSF) Median unit size (sqft) Median quantum ($ mil) No of caveats
1 Meyer Residence FH 2009 $1,567 1,109 1.7 4
2 The Belvedere FH 2007 $1,646 1,367 2.3 3
3 The Line @ Tanjong Rhu FH 2016 $2,115 893 1.9 3
4 The Waterside FH 1992 $1,343 2,142 2.9 10

Amber MRT Station

No Projects Tenure Year of TOP Median price (PSF) Median unit size (sqft) Median quantum ($ mil) No of caveats
1 Aalto FH 2010 $1,794 1,528 3.0 7
2 Amber Point FH 1991 $1,438 1,668 2.4 1
3 Amber Skye FH 2017 $1,670 1,119 1.9 3
4 King’s Mansion FH 1982 $1,263 1,604 2.0 2

Marine Parade MRT Station

No Projects Tenure Year of TOP Median price (PSF) Median unit size (sqft) Median quantum ($ mil) No of caveats
1 Cote D’Azur 99 yrs 2004 $1,251 1,292 1.6 12
2 The Palladium FH 2002 $1,445 883 1.3 2
3 The Sea View FH 2008 $1,702 1,410 2.4 5
4 Parkway View FH 1992
5 Marine Blue FH 2020

Marine Terrace MRT Station

No Projects Tenure Year of TOP Median price (PSF) Median unit size (sqft) Median quantum ($ mil) No of caveats
1 Grand Duchess at St Patrick’s FH 2010 $1,433 1,668 2.4 2
2 St Patrick’s Residences FH 2013 $1,327 1,496 1.8 3
3 D’Saville FH 2003
4 Seventy Saint Patrick’s FH TBA

Siglap MRT Station

No Projects Tenure Year of TOP Median price (PSF) Median unit size (sqft) Median quantum ($ mil) No of caveats
1 Elliot at the East Coast FH 2012 $1,037 2,314 2.4 5
2 Lagoon View 99 yrs 1977 $798 1,647 1.3 6
3 Laguna Park 99 yrs 1978 $884 1,615 1.3 10
4 Villa Marina 99 yrs 1999 $913 1,378 1.3 14

Bayshore MRT Station

No Projects Tenure Year of TOP Median price (PSF) Median unit size (sqft) Median quantum ($ mil) No of caveats
1 Bayshore Park 99 yrs 1986 $1,038 936 1.1 20
2 Costa Del Sol 99 yrs 2003 $1,309 1,346 1.8 23
3 The Bayshore 99 yrs 1996 $1,019 980 1.1 31

Bedok South MRT Station

No Projects Tenure Year of TOP Median price (PSF) Median unit size (sqft) Median quantum ($ mil) No of caveats
1 Kew Green 99 yrs 1997 $662 3,326 2.3 6
2 Kew Residencia (Terrace house) 99 yrs 1996 $661 2,465 1.6 1

Sungei Bedok MRT Station

No Projects Tenure Year of TOP Median price (PSF) Median unit size (sqft) Median quantum ($ mil) No of caveats
1 Country Park Condominium FH 2003 $1,193 1,173 1.4 3
2 Eastwood Lodge 99 yrs 1998 $954 786 0.8 1
3 Fairmount Condominium 99 yrs 2000 $731 1,916 1.4 4
4 Bagnall Court FH 1991

Photo credit: Flickr/Alan Tan

Jack Sheo
jack.sheo@gmail.com

Jack has been guiding real estate clients since 2010 to make sound decisions pertaining to Singapore real estate based on data, stats and trends. Well-liked by both his local and international clients for his friendly yet professional approach to helping them, he welcomes the opportunity to have a chit chat session to see how he may be of assistance.

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