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What will the impact of the newly announced TEL MRT line to property nearby. In the longer run, understand that property prices will go home, however I am concern about construction for the immediate years e.g. Costa Del Sol, Bayshore - should I still consider buying these properties for own stay?
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2 Answers

Hi,

As evidently, with the announcement of the TEL MRT Line, owners have already staged and increased their buffer prices in anticipation. Statistics have always been conclusive that the key to buoyant prices in any market (upswing or downswing) is LOCATION, ATTRIBUTES and CONNECTIVITY. With Siglap-Bayshore Station at the doorsteps of properties like Bayshore, Bayshore Park and Costa Del Sol, prices will without a doubt head north. Well connected homes with such apt connectivity is highly sought after by Investors and home buyers and will always remain in great demand. Hence, as a home buyer, if you think in perspective, with the current weak market now: you would be rather leveraging on the weak sentiments and buy low to eventually sell at a much higher price in the future. This is the concept of rate of returns with appreciation scope. As for construction , efforts are definitely made to keep inconvenience extremely low , which brings us to the point that sieving an unit (elevation,facing=stack) is key in this case.

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