26 Mar '15, 11am

Home prices may spike with rail corridor development

Home prices may spike with rail corridor development

Comment E-mail to friend Bookmark & Share Prices of residential properties located near Singapore’s Rail Corridor may climb once the 24-km former railway track is revamped, according to property experts quoted in the media. Last week, the Urban Redevelopment Authority (URA) called on design professionals to submit development proposals for six areas along the corridor earmarked for improvement – Buona Vista, the Bukit Timah Railway Station area, the former Bukit Timah Fire Station, Tanjong Pagar railway station, Choa Chu Kang and Kranji. And while homes located in the area are mostly expensive landed properties within Bukit Timah such as at Rifle Range Road and Holland Road, this could still provide homeowners with potential gains. SLP International executive director Nicholas Mak noted that the termination of rail services has already benefitted owners living near the old...

Full article: http://www.propertyguru.com.sg/property-management-news/2...

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