The Research and Consultancy Manager of Piermont Grand EC, has announced that the road will be receiving another upcoming Executive Condo projects for home buyers to look forward too. The first is built jointly by Keong Hong Holdings Ltd and Fraser Centrepoint Ltd and is located near to MRT. The second project is located along Canberra Link and built by Qingjian Reality.
The new residents can enjoy the new facilities and amenities to be built along with these projects. With the new Canberra MRT station, which is expecting to be open and completed to the public in 2019, residents in Sembawang can enjoy endless convenience. Heading along the North-South line, the Canberra MRT station will be located in between Sembawang and Yishun MRT stations for Westwood Residences.
The future development around Canberra MRT station is happening in the next few years. The site surrounding this station is undeveloped currently and the authority will make alive the place together with the MRT station completion. We are likely to see an increase of empty land parcels for residential development use. It is still untold at this current moment in time what is the ratio of residential projects will be. By heading towards the URA Master Plan, it is cleared that the new Canberra MRT station will have minimum one new development built next to it.
Other than that, here are a few other major projects coming up and that could have a catalyst effect for Sembawang area prices. Example are the North-South expressway and the Woodlands Regional Centre.
Travelling to Westwood Residences will be shorter and smoother. There are plans to get the new Canberra MRT station up for the better use of road infrastructures which will be great for future and current residents to benefit from the travel that is much faster and convenient.
As highlighted from the Wisdom Group, there are two new upcoming projects for Sembawang that are very likely to lure in more buyers to the estate. There is a new MRT station added in between Sembawang and Yishun on the North-South line. There is a new North-South Corridor Expressway, which will reduce significantly the amount of commuting time from city to the northern town. It links towns along the corridor of the north-south, such as Toa Payoh, Ang Mo Kio , Bishan, Woodlands, Sembawang, Yishun and, to connect to the centre of the city with 16 exits, heading towards 17 entrance leading out.
One important focal point will be Punggol Neighbourhood near to Piermont Grand EC with one new network of roads that is aimed to serve the area’s new developments.”