Originally Posted by
Yuki
Seems like all the property situated near the West will appreciate with the news.
What does it mean for the other region of Singapore?
My peers were thinking that
"... the land in other parts of Singapore gone case liao. Dead Market.
... regions on the opposite side i.e. East and North East like Punggol is for the "new poor" (sorry for the lack of better term) - oversupply of housing with dirt cheap flats."
What is your take?
I thought the Changi Jewel project is up and coming as well?
How can only the West grow without East benefitting?
For one, the original CBD will benefit by reducing traffic gridlock and extreme overcrowding at the nodes in those regions. That has recently been a serious critical weakness that has compelled me not to consider properties in the central region. With that reduction in density and jams, ERP etc might be reduced and might actually be a boost to it, with more people driving in to frequent the businesses there.
The HSR needs to be complemented by the airport as well in the scenario I envisage. Travellers, businessmen going to KL transiting in SG for a few days travelling along the whole South Coast to the West, vice versa.
In effect, it can be viewed as a boost to the whole Southern part of Singapore from West to East.
Northeast area has always been a residential based focus, with the lovely parks and the local amenities satisfying residential purposes. There is also the Paya Lebar Business Park benefiting directly from the increased east-west flow through for Singapore, as well as Changi Jewel Project that requires residential support from the Northeast. Even North may benefit from less jams to and from Malaysia which benefits the residents living there now.
I think the whole idea is a very exciting one for all in SG to boost the value of any property we hold in SG.
The three laws of Kelonguni:
Where there is kelong, there is guni.
No kelong no guni.
More kelong = more guni.