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Hi I am considering getting a condo in the Katong Park MRT vicinity. Can I please ask for kind inputs on the likely impact of the East Coast Long Island project on the potential value on the condos nearby? My concern is that there will be lengthy stretch of land reclamation and high rise housing directly opposite the Fort Road / Meyer Road stretch? Also 10-15 years of construction, noise, pollution and congestion thereafter thanks
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7 Answers

Hi,

I would be most glad to assist you further and pls feel free to let me know if you need any assistance. Have a good day ahead.

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Aaron Chong
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Hi, this is a interesting question that you have proposed . There are currently many upgrading works all around Singapore as of now, and regardless of whether there are upgrading works or not, there will always be demand for a unit. While there might be some noise and congestion during the construction, usually the price of the unit is always cheaper before the upgrade is completed. Of course there will be cases it is not the case .

Hi, hopefully you managed to get your doubt or query answered. If so, then congrats! Hopefully you are doing well now.

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If you are interested in prices of houses in your neighbourhood, you may visit this website to find out more or contact me.

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Landon Chew
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My simple view is if the entry price is in general lower than the vicinity, it is worth to consider. Looking too much into such details will only deter you from making a decision and in the long run, lose out in terms of the gain from entering the market.

You will definitely feel some impact in terms of the construction noise, pollution and congestion, but with the environmental regulations in place, such impact should be kept to a minimum, plus the fact that if you were to enter the market only after the completion of the long island plan, you would probably have missed out even more. Such upgrading or development works will only enhance the value of the surrounding properties.

Look out for my upcoming listing in this area!

I have been in the real estate business since 2009, with more than 14 years of experience serving the Singapore real estate market.

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Hi, appreciate your sharing. It depends the facing of the unit, given future strong developments around the area. It will generate jobs and more return for the units over there.
Looking forward to assist you at 9696 4398  or email me at stewartlim96964398@gmail.com

Cheers
Stewart-PropNex (Senior Associate Division Director) Read More
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Hi Sir/Mdm,

Having redevelopment and transformation around the vicinity will be beneficial for the project especially when new projects, new amenities and infra structures are added. All these will drive the price of property up in the long run.

Please feel free to contact me so that I can understand your concerns and explain to you further!

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Hi

I think there are two sides of the coin to this, if and when East Coast Long Island plan is implemented, it is likely the land parcels there would be sold at higher prices by the government which indirectly boosts the value of nearby condos that you are looking into. URA planning is also quite detailed and the infrastructure to improve connectivity and convenience will also be taken into account, which again helps to boost resale values nearby. I have briefly read that the ECLI plan is also to mitigate the impact of higher sea levels that may potentially reach the buildings near the coastline, so it again helps to improve the safety aspect of the completed condos in the vicinity. The disruption such as construction and pollution is something to bear with to eventually reap the benefits of above. Though your sea view unit may potentially have less expansive of a view visually as more building footprint comes up in the horizon.

Generally values of condos here hold up well given the scarcity of supply and most are of freehold status. The addition of the MRT connectivity is another major boost. May I know which condo you are considering at the moment?

Hope the above clarifies. I am well-versed with HDB and private property transactions, having helped more than 100 homeowners transit smoothly with their housing plans. Please reach out to me at 97432395  for a more in-depth discussion :)

May I have more info on your requirements so as to make better recommendations? Thanks and looking forward to chat more

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  • Ivan Ng
    Hi Raymond,

    Thanks for reaching out again. I quote from the URA link

    https://www.ura.gov.sg/Corporate/Planning/Master-Plan/Draft-Master-Plan-2025/Long-Island

    How long will it take to realise 'Long Island'?

    ‘Long Island’ could be about two times the size of Marina Bay (by land area) and is expected to take a few decades to plan, design and implement. In view of the urgency to protect the East Coast from sea level rise, agencies will commence technical studies from 2024, and concurrently engage stakeholders and the public as part of the process.

    From the wording, I think its still very much in the preliminary phase, not something you expect to commence in the next few years or when Meyer Blue attains its TOP. Do you see yourself staying here for long periods, or more probably it will be a platform for further asset progression after 10 years of stay as your life progresses? I would think the ECLI plans will be executed much further down the line, which allows you to have a window (figuratively and literally) to enjoy the sea views without disruption, and perhaps sell and progress when the LI plans are about to commence implementation.

    Look forward to discuss and understand your plans further so to share more tailored inputs. Thanks from Ivan 97432395 
  • RG
    Thank you everyone for your kind advice! I am considering a sea facing unit at MeyerBlue, but with the pending Long Island plans, I am likely to consider other alternatives. My thinking is that it makes no sense (experience and economics) to pay a current high sea-facing premium to endure the issues with reclamation works (5-15 years) as well as close blocked views (permanent). We can get a bigger freehold unit with more stable views and equitable transport accessibility. Do you agree? Thanks
Your concerns about the East Coast Long Island project are valid. Here's a breakdown of the potential impact on condos near Katong Park MRT (specifically Fort Road/Meyer Road):

Sea View Blockage: Land reclamation and high-rise development could likely block some sea views, impacting the value of condos that currently enjoy them.
Construction Impact (10-15 years): Noise, pollution, and congestion are likely during construction, potentially affecting the living experience and impacting property values.
However, there could also be positive aspects:

Increased Amenities: The project might bring new amenities like parks, waterfront areas, and potentially more retail options, which could enhance the overall neighbourhood.
Long-Term Potential: Once completed, the project could revitalize the area, potentially leading to increased property values in the long run.
Here are some recommendations:

Research Project Details: Stay updated on the project's specific plans to understand the potential impact on your condo's location.
Consider Your Needs: Weigh the potential drawbacks of construction against the long-term benefits and your personal priorities for condo living.
Seek Professional Advice: Talk to a property agent specializing in the area for a more detailed assessment of the impact on condo values.
Ultimately, the decision depends on your risk tolerance and long-term plans. If you prioritize a tranquil environment and clear sea views, you might consider looking elsewhere. However, if you're open to potential future benefits
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  • RG
    Thank you everyone for your kind advice! I am considering a sea facing unit at MeyerBlue, but with the pending Long Island plans, I am likely to consider other alternatives. My thinking is that it makes no sense (experience and economics) to pay a current high sea-facing premium to endure the issues with reclamation works (5-15 years) as well as close blocked views (permanent). We can get a bigger freehold unit with more stable views and equitable transport accessibility. Do you agree? Thanks

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