If you lstudy the Kallang Riverside plan (URA) and then look at where FH Riverine is located, there will be luxurious hotels (99 yrs), lots of high end very high plot ratio riverside condos (99 yrs); luxurious sea-side resorts and the Kallang Sports Hub, etc around it in the years to come. Jurong Lake District GLS has been triggered; Paya Lebar District GLS has also been triggered; Kallang Riverside when??Originally Posted by blackswan
People previously were skeptical about Marina Bay project. Now D1 (and D2) is a much sought after district.
Kallang Riverside GLS has not been triggered yet because Kallang Sports Hub project is delayed; releasing land now will not fetch a good price. Moreover, it is better to focus all attention on Marina Bay and Sentosa Cove projects first before turning attention to Kallang Riverside. If 99 yr LH Sentosa and Marina Bay condos can fetch $3000 psf and higher; Kallang Riverside condos won't be far off.
Moreover it is so near CBD. Fantastic Views of Marina Bay and Kallang Riverside beckons. The only other condo I know with both views is Concourse Skyline... look at its pricing now.
Just look at much further away LH Dakota Residence and Waterbank facing the clean and sweet smelling Geylang canal and their pricing in psf to appreciate FH Riverine.
There are many many condos in Meyer road and surroundings - Marine Parade, Katong; what further developments (thereby enhancing land value) are there in that area? And look at the vast potential developmets in Kallang Riverside.
Are there MRT near Meyer Rd? Of course you may argue that only rich people stay there and they have nice cars.. But what about tenants? Do we have many tenanted units in Meyer Rd condos? Maybe, tenants also rich and so don't need MRT...But we all know that condos near MRT are always valued higher than condos not near MRT ceteris paribus . Learnt my econs too long ago; don't know spelt correctly or not hee hee.
Just my 2 cents worth .