The Tanah Merah/Bedok district located in District 16 is strategically placed to capitalize on a variety of urban transformation plans in the eastern part of Singapore that range from new housing plans for the Bayshore region across the East Coast, to a new town that replaces Paya Lebar Airbase in the future.
District 16 which includes Bedok and areas of the Upper East Coast, and the entire neighborhood that comprise Eastwood as well as Kew Drive, is a well-loved choice for residents as well as foreigners. District 16 is home to a great mixture of land-based estates and condos, and several older HDB towns.
Furthermore there are several schools within the vicinity, as well as three MRT lines increase the availability of public transportation to residents living there, according to Bernard Tong, CEO of EdgeProp Singapore. Tong was sharing his thoughts about District 16 and the possible housing options for the district during the EdgeProp Master Plan Masterclass webinar which was held on April 29.
Stations for MRT are being built, Bayshore residential precinct
Regarding MRT connections, there’s two current lines split the district in two parts -two lines namely the Downtown Line where Bedok North and Bedok Reservoir stations are in addition to the East-West Line in which Bedok as well as Tanah Merah stations are. Most importantly, Bedok MRT Station is part of the Bedok Integrated Transport Hub that combines Bedok Mall Bedok residences, and an air-conditioned bus interchange to create an integrated area.
A few stations far from Bedok there is Tanah Merah, which is getting a makeover by the completion on the Sceneca mixed-use development built by MCC Land. The development comprises 268 units of Sceneca Residence as well as the 20,000 square feet Sceneca Square retail mall. It will bring a new mall to the people living in the vicinity of Tanah Merah MRT Station.
In toward East Coast area, the construction of the Fourth Phase of the Thomson-East Coast Line that runs beginning at Founders’ Memorial station in the Marina Bay area to Bayshore station on Upper East Coast Road -that will improve access to CBD, Upper Thomson and Woodlands. The line is expected to become operational in the next year, as per LTA.
The construction of Bayshore MRT Station fits into the master plan for developing a new community of residences in the Bayshore region. URA declares that this 60ha area will include mixed of both public and private housing, as well as a new main street and green corridor as well as community amenities.
The areas surrounding Bedok along with Tanah Merah are close to Paya Lebar Airbase, which is set to be gradually relocated in the 2030s. The new area will be greater than five times the size of Toa Town of Payoh in the HDB to allow for further expansion. In addition moving the airbase could result in the lifting of height limitations for District 15 and 16 which could lead to further development.
A new mixed-use development is being developed to revive Tanah Merah
The Tanah Merah neighbourhood, the construction of the Sceneca mixed-use development is likely to revitalize the area by adding modern amenities like F&B choices, and open spaces. Typically, integrated and mixed-use developments are well-loved new ventures which attract buyers as well as investors looking to take advantage of the latest amenities and housing choices which are close to the MRT station.
In the Lentor district of District 26 the 605 unit Lentor Modern is the only integrated development within the Lentor Hills estate. The development was sold at 84% sold at the time it was launched in September. The same is true for Sky Eden at Bedok, which is a mixed-use development with 158 units located in Bedok Central, sold 75% of its units when it first launched in September. The development is located 280m from Bedok MRT Station.
Sceneca Residence likewise enjoyed strong buyers when it put up for sale on January 14 -it was the first brand new launch to be launched during the first quarter of. The development saw 60% of the units sold on the first day of its launch, and amounted to an average of $2,072 when it was launched.
According to the most recent Master Plan, the only new development site in District 16 designated as mixed-use is above the upcoming Bedok South MRT Station. The station is part Phase 5 of Thomson-East Coast Line, due in 2025.
With EdgeProp’s suite property analysis tools and tools, EdgeProp’s Tong revealed that the gap in price between resales properties within District 16 are decreasing in comparison to the average price of resales throughout Central Region. Rest of Central Region.
Additionally, in the vicinity of Tanah Merah MRT Station, around 90% of resales transactions within a mile from the station in March 2022 to March 2023, were profitable. As per EdgeProp’s Landlens tool, the condominium with the highest percentage of transactions that were profitable is the Glades 726-unit project located near Tanah Merah station.