The launch of Phase 2 of the Circle Line in April is something that nearby residents will look forward to. Those who are considering renting or selling their homes are set to benefit from this as well.
According to real estate agents, the opening of the 11 new stations along the Circle Line could possibly hike up the prices of properties.
Home prices are projected to increase by 10 percent, whereas office rents could surge by 20 percent, said agents.
They said that while units in industrial estates are expected to see high demand, estates like Bishan, Serangoon and Paya Lebar will have greater market potential.
“Most of the workers are taking public transport, it can be very accessible for them, if there’s an MRT line that leads them back home after work,” said Eddy Ng, Division Director of ERA Real Estate.