Friday, May 23, 2008

About this Blog

Master Plan 2008 - Forecast of Hot Spots for Growth

The hot spots for growth include the still ulu Jurong and Paya Lebar. The move, said Mah Bow Tan, Minister of National Development, would provide an alternative to the overcrowded Central Business District (CBD) area.

The Jurong Lake District is made up of 2 precints: A commercial zone in Jurong East that'll be named Jurong Gateway and a waterfront leisure zone in Lakeside.

Here are my 2-cents worth off from my head:
1. Those people who are looking at investment property should focus more on the Jurong East commercial zone where large number of employments will be found. That will bring good rental housing demand, not only from the International Parks and the commercial areas, but also, from the up and coming New Jurong General Hospital with their healthcare professionals. The development of this zone is also morely likely to happen faster because of the urgency to relieve the commercial property shortage in the CBD areas (That's my guess based on logical deduction).

2. Home buyers looking for waterfront lifestyle would naturally be more attracted to the to the Lakeside zone. Just watch out what you are buying though, cos the lake view you pay for may be no more when the hotels start sprouting aroung the lake.

The Paya Lebar Centre, in comparison, is already an established old town. Its distinct attraction is the proximity to city - just about 10 mins to CBD. But properties around the Paya Lebar MRT, where growth will be intensified, are already rather expensive.

While developers and sellers in these areas will naturally want to hype up the growth potential, buyers must bear in mind that we're talking about 10 - 15 years or longer down the road. It may not make sense to pay a huge premium for such a distance future.

These are just my views. Feel free to share yours.

The new Master Plan 2008 will be put up for public feedback by the middle of next year.


Post a Comment

Dear visitors:
Your comments are most welcome!

The blogger here has been affectionately named by close allies as "Smart Buyer" but really, he's not smart. Smart Buyer just believes that being prudent is smart. That's the essence of the message of this blog and Smart Buyer hopes it'll benefit other property buyers.

Smart Buyer :)