DISTRICT WATCH: DISTRICT 18

Talk to any eastsider in Singapore and you will notice an unmistakable sense of pride in his area of residence. In this issue of The PropertyGuru, Cheryl Tay tells you why.

Talk to any eastsider in Singapore and you will notice an unmistakable sense of pride in his area of residence. In this issue of The PropertyGuru, Cheryl Tay tells you why.

Comprising Pasir Ris, Simei and Tampines, District 18 is easily one of the most self-sustaining regions in Singapore. It boasts numerous retail malls such as Eastpoint, Tampines 1 and White Sands, as well as primary and secondary schools (such as Gongshang Primary School in Tampines and Loyang Secondary School in Pasir Ris), junior colleges (Tampines and Meridian JC) and even Temasek Polytechnic. 

Also, as it is with any area worth visiting and residing in Singapore, there is no shortage of eateries, private and public housing, and recreational outlets. 

ALL ABOUT THE FAMILY

District 18 is especially appealing to families, as it has what Shawn Tan, CEO of M.O.R.E. (Masters of Real Estate), calls a “homely atmosphere”. Because of its many schools, retail outlets, eateries, housing estates and recreational spots, it draws families of all sizes. 

Tampines alone has three malls: Tampines Mall, Century Square and Tampines 1, while Pasir Ris has White Sands Mall and Elias Mall, and Eastpoint Mall is located just next to Simei MRT station. 

Tan says, “Places like Downtown East and Pasir Ris Park provide the perfect location for families to spend their weekends. There is also no lack of good schools in District 18, from primary to tertiary institutions.” 

Furthermore, Pasir Ris also has Aloha Loyang, Fisherman’s Village, the Pasir Ris Sea Sports Club, Pasir Ris Kid’s Kampong and numerous pet farms to keep people of all ages occupied on any day of the week.

OVER THE HORIZON

Though HDB estates are common here, many private residential projects have sprung up across the district. Executive condominiums (ECs), mass market condos and even landed property can be found in the area, with even more upcoming developments to look forward to. 
 


Artist's impression of Sea Horizon EC


One such project is Sea Horizon, a 495-unit, 99-year leasehold EC in Pasir Ris to be completed in 2017. Tan says of the development: “It is in an excellent location, providing easy accessibility to amenities, MRT stations and major expressways, making it convenient for both public transport commuters and drivers.” 

“As it is situated near other private residential developments such as Sea Esta, Seastrand, Ripple Bay and Watercolours, residents can enjoy the exclusivity of the area. It is likely to attract HDB upgraders from nearby mature estates.”

EASTWARD, HO!

District 18 looks set to continue attracting buyers and investors, with its abundance of resale and Build-to-Order (BTO) flats, as well as existing and upcoming private residential developments. 

According to Tan’s prediction, “There will definitely be great potential upside in District 18, due to its location and accessibility to good schools and amenities. In view of the current pricing in Simei and Tampines, there will likely be upgraders from Sengkang and Punggol after they have completed their five-year Minimum Occupation Period (MOP).” 

“Most importantly, the district is in the Outside Central Region (OCR), so its housing prices are still comparably affordable and attractive. Real estate prices in Singapore will continue to rise in the long run, and this area is therefore deemed one of the more affordable choices, especially for upgraders.” 

Source: PropertyGuru.com.sg

Date Post: 5/3/2014
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