Originally Posted by
luzman
By Shabnam Muzammil:
UPDATE: 80 percent of Singapore’s population will live within a 10-minute walk of an MRT station by 2030.
Two new MRT lines were unveiled today - the Cross Island Line (CRL) and the Jurong Region Line (JRL) - in addition to the extension of three existing lines that will increase the rail network stretch to 360 km, compared to the current 178 km.
These plans were announced by Transport Minister Lui Tuck Yew following a review of the Land Transport Master Plan by the Land Transport Authority (LTA).
The 50 km CRL is expected to be completed by 2030 and will connect to all existing lines, running from Jurong Industrial Estate through areas like West Coast, Bukit Timah, Ang Mo Kio, Punggol and Pasir Ris before ending in Changi.
The JRL will likely be completed by 2025. The 20 km line will span areas such as Jurong West, Jurong Industrial District, West Coast, Choa Chu Kang and Tengah.
At the same time, three existing lines - the Circle Line, Downtown Line and North-East Line - will be extended with additional plans for a new station between Sembawang and Yishun on the North-South Line to serve new developments in the area.
Meanwhile, PropertyGuru's Senior Editor Romesh Navaratnarajah expects property prices within walking distance of the two new lines to rise, especially in areas that are underserved by transport links.
A spokeswoman for PropNex Realty agreed, adding: “Naturally, properties with easy access to public transport are more favourable and thus command higher prices (at least 10% higher)."
But there are also downsides which would likely take place during the construction period. "Investors with a short to medium-term perspective would opt for properties that are not facing the construction. Just like in the Eastern region, with so many new projects in that area, some of these residential homes facing construction are difficult to sell."
Moreover, many people could risk losing their homes. The spokeswoman said: "There could be the possibility that some places will need to be cleared for the construction of the MRT line. The government may have these already planned out by now."
Image: Map showing LTA's existing and future MRT lines.