Kaeden Ong

Residential properties affected by Thomson-East Coast Line

Posted by Kaeden Ong on 21st August 2014 in Blog

Singapore’s sixth rail line, the Thomson-East Coast Line (TEL), will be fully operational in 2024.

The 13-kilometre East Coast stretch of the TEL covers areas such as Tanjong Rhu, Siglap, Marine Parade, Upper East Coast and Bedok South. It will be fully underground and will have nine stations, including one interchange station with the Downtown Line (DTL).

In all, the 43-kilometre long TEL will have 31 stations, of which seven are interchanges. The TEL stations are designed with more entrances and exits, and some of these entrances on the East Coast stretch will also be connected to longer underpasses of up to 400 metres.

The East Coast stretch of TEL will be completed in two stages. The first seven stations from Tanjong Rhu to Bayshore will be ready in 2023, while the remaining two stations will be completed in 2024.

In a joint statement, the Land Transport Authority (LTA) and the Singapore Land Authority (SLA) said, “All efforts have been made to minimise land acquisition. Unfortunately, the government will still need to acquire six landed properties along Amber Road and one three-storey walk-up apartment along Tanjong Katong Road for the development of the TEL. In addition, nine part lots will be acquired.”

The SLA has gazetted the properties affected on 15 August and the landowners will receive acquisition notices.

According to media reports, some property owners affected by the land acquisition can expect better compensation because of recent changes to the Land Acquisition Act.

SLA’s Land Sales and Acquisition Director Thong Wai Lin said SLA is acquiring 24,136.4 sq m of land, and the bulk of it is from Laguna Golf and Country Club. “About 6,480 sq m are from the residential, and industrial properties, and we’re only affecting 15 residential properties, nine strata units, and six landed properties.”

Affected residents have been served notices by the SLA.

SLA will meet with affected land owners on the submission of claims next month and they will know the compensation award in six months. Property analysts expect owners to be well compensated.

“The thing about land acquisition is that the new law that has been passed, is that it allows land acquisition to be on full market value. They have disregarded the reduction of the betterment value. So I think those people affected by this land acquisition will be better compensated going forward,” said Desmond Sim, Head of Research at CBRE Research.

Credits: Property Guru

Tagged in:
1 Star2 Stars3 Stars4 Stars5 Stars (1 votes, average: 5.00 out of 5)
Loading...Loading...

Leave a Reply

Your email address will not be published. Required fields are marked *

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <strike> <strong>