Good afternoon,
May I know which perspective are you coming from? You happen to be an owner of Kallang Trivista? I would say its a net positive for the area if you are looking to sell your place now.
Some of the pros & cons:
Pros:
- It shows that the authorities are further developing this area soon, and there will be more residential and infrastructure developments near Kallang MRT, Kampung Bugis area and Sports Hub area. This will boost overall property values in this area.
- HDB BTO units that fulfil 5 year MOP tend to command a premium given its newer condition and better design, hence when up for resale, it will set new price benchmarks in your area which you can capitalize on as well.
- The new BTO can act as a sound buffer from nearby MRT and road noise, and probably will provide direct sheltered access from MRT to your place next time.
Cons:
- Near term construction works that can be a disincentive to purchase this area, especially if your unit is facing the plot of land that is set aside for the new BTO. Your unit views may also be partially blocked.
If you are looking to sell now, it may be a good time to exit with HDB prices at an all-time high and before the construction starts to discourage buyers from putting in a good offer. Kallang Trivista is also the newest HDB available for resale here now so buyers will be more open to offer higher, before the newer BTO developments come on board for resale in the next 5 to 10 years.
Just my 2 cents. Hope the above clarifies. May I have more info and requirements about your plans so as to make better recommendations? Thanks and look forward to value-add to your housing plans.
Warm Regards,
Ivan Ng Realtor
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