Jan 21, 2011 - PropertyGuru.com.sg
Some of the affected properties are industrial estates owned by the Housing Development Board (HDB) and Jurong Town Corporation (JTC) in places like Woodlands and Sin Ming, Marymount Terrace and the living quarters of the Good Shepherd nuns and a nursing home at Marymount Convent. The government will also acquire part of the fences, boundary walls and grass verges at the Seletaris in Sembawang, Nuovo, Bullion Park and Castle Green in Yio Chu Kang.
Yesterday, government officials visited around 25 terrace houses in Marymount Terrace to serve land acquisition notices. Affected homeowners will have until January 2013 to leave their homes.
Values of properties northward from Toa Payoh will see a two to three percent increase, due to the improved accessibility to the city that the expressway will afford, said Mr. Nicholas Mak, Head of Research at SLP International, who spoke to The Straits Times. However, the values of properties up to 20 metres and until the 11th level from the viaduct could drop by five percent due to dust, noise and passing cars.
The government will acquire 38 full plots and 33 partial lots, amounting to a total land area of approximately 5.6 hectares, larger than the 4.8 hectares of land acquired for the Kallang-Paya Lebar Expressway (KPE).
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January 2011 Property News
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Reader Comments: (7 comments)
nuovo not affected with the fence sourrounding it while castle green car park affected.
Bullion park is a very serene place to live.. Quite sadden by the fact that we r affected. We have a road and mrt in front of devt, and now an expressway
expected and heard that Castle green, bullion is ver much affected, nuovo fencing affected only. maybe lentor private houses may go also. ha ha
I heard that Bullion Park, only 800 sqft is affected...so, probably scrap pass the fencing around..
I thought freehold means 'forever'..at least I know that possibilities of acqusition exists if the land is in need.
the government should provide fair compensation to the affected homeowners...
I have also read that some affected residents were surprised as they only knew about it in the news.