Monday, 7 Nov 2016, it was announced by the Ministry of National Development (MND) that an integrated development will be built next to the Buangkok MRT station. This will include a residential new condo launch to be seamlessly connected to a bus interchange and the MRT station.
The MND says that there are plans to include commercial and community facilities. Once plans are finalized, more details will be released.
There are only a very limited number of integrated private non-landed residential developments in the Singapore property market. These are The Centris at Jurong Point, Compass Heights in Sengkang, North Park Residences in Yishun, Bedok Residences and Centro Residences in Ang Mo Kio.
Integrated condo Singapore developments present a very good opportunity to enjoy high rental yields and high occupancy rates as they are able to take advantage of its seamless connection with the public transport system.
A recent new launch, Queens Peak, is just doorstep to the Queenstown MRT station. The term integrated could possibly be used here as Queens Peak is definitely connected directly to the MRT station via a 2nd floor link bridge though there is no bus interchange here. Its first day launch result is amazing given the fact that the Singapore property market is soft right now due to several cooling measures imposed by the Singapore government to prevent a real estate bubble. The 2 most recent measures being the Additional Buyer’s Stamp Duty (ABSD) and the Total Debt Servicing Ratio (TDSR) seem to be effective in taming the red hot Singapore real estate market.
Based on buyers’ positive response to such new launches, these integrated residential developments are definitely what you want to place your money in.