Kaeden Ong

Property options along the purple line

Posted by Kaeden Ong on 7th July 2014 in Blog

Throughout the years, Clarke Quay has been the go-to place for beer lovers and party goers, thanks to its proximity to many popular watering holes and clubs.

It also helps that this riverside partyville is near an MRT station on the North East MRT Line (NEL), ensuring easy access especially if you live near the purple line.

According to media reports quoting a property expert, it is better to buy a unit in an outlying area along the NEL towards Punggol, as prices are generally cheaper. However, there are some exceptions.

The first is Boon Keng MRT station, where you will have a longer walk to your condo compared other stations. Existing condos around area include The Aberdeen and The Richmond, while upcoming ones such as Regent Residences and Eight Riversuites are expected to be completed in 2016.

Condos near Serangoon MRT station also costs more as it serves as an MRT interchange, with Nex mall and an mix of landed and non-landed homes nearby. Upcoming projects near the station include The Quinn and R Maisons.

However, condos near Chinatown MRT station (which also serves the new Downtown Line) are more expensive than those near Clarke Quay, according to the report. PropertyGuru’s Condo Directory lists 20 condominiums in the Chinatown/ Tanjong Pagar area.

Meanwhile, condos in Clarke Quay rank second highest in terms of psf price among all the condos within 1 km of an MRT station on NEL. Existing homes around the bustling area include SOHO @ Central, The Riverside Piazza and Riverwalk Apartments.

Credit: Property Guru

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