28 Dec '11, 2pm

Prices of Tiong Bahru pre-war homes surge

SINGAPORE - A wave of transformation is sweeping through the once-sleepy Tiong Bahru estate. Thanks to a new breed of indie retail shops and coffee houses, the 20 blocks of pre-war conserved flats have attracted renewed interest from home buyers and this has pushed up home prices in the area by about 50 percent over the last two years. Located near Tiong Bahru Market and Food Centre, the area bounded by Seng Poh, Outram and Tiong Poh Roads was once an old estate. The 20 blocks of pre-war flats were built in the 1930s and awarded conservation status in 2003. In the past year, the estate has been gaining attention for the rising number of independent shops and coffee houses that has sunk roots there. One of the shops specialising in Bhutanese art and home decor opened for business in March this year. Tan Tiong Pin, owner of Bhutan Shop, said: "This was still considered an ol...

Full article: http://www.todayonline.com/Singapore/EDC111228-0000115/Pr...

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