THE recent data on the private residential market from the Urban Redevelopment Authority shows that the suburban mass market is the most active segment, accounting for 56 per cent of market activity in the first quarter of this year.
Genuine home buyers who have been less affected by the Government's market-cooling measures tend to purchase in the suburban mass market where prices are more affordable.
Yet within this market segment, some developments stand above others in terms of demand and pricing. In this article, we will identify new private housing developments near suburban MRT stations to help readers narrow down their options in their hunt for a well-located and yet affordable home.
Unlike residential sites in prime districts which typically come on to the market through private channels such as en bloc sales, most of the sites in the suburban market, especially the larger and more attractive ones, are offered by the Government through its land sales programme. These are typically 99-year leasehold sites within or near HDB heartlands. The best of them are near MRT stations with easy access to shopping, schools, transport and other amenities.
The following are examples of such developments on the market:
There's more in the pipeline. Over the last year, several quality sites near suburban MRT stations have been acquired by developers and are expected to be marketed this year.
These are the more attractive ones to look out for:
| Upcoming developments Click on thumbnail to view | ||||
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These well-located projects are likely to attract strong buyer interest and pricing is expected to be optimistic. To many, the premium would be worth paying, for a home in a "prime" suburban location.
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