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5 New Developments on the Cross Island Line to Look Out For

Phase 2 of the developing Cross Island Line was just announced last month, and it is little wonder it is the talk of the town. Originally stretching from Bright Hill to Aviation Park, the second stage of developments sees an extension of the former to 6 new stations – Turf City, King Albert Park, Maju, Clementi, West Coast, and Jurong Lake District – effectively connecting 2 of the busiest business districts from either ends of Singapore.

Not only is transport made all the more convenient, it opens up many avenues for potential capital appreciation among the estates in close proximity to the upcoming MRT stations.

Here are 5 private housing developments we are especially excited for.

1. Affinity at Serangoon (Serangoon North MRT)

Part of Phase 1 of the Cross Island Island (launching in 2029), Serangoon North MRT station is set to bolster transport systems in the second largest and most densely populated area of Singapore: the North-East Region. Nestled in the middle Ang Mo Kio, Serangoon and Hougang MRT stations, any new launches in the neighbourhood are definitely something to look forward to.

That being said, we see two new 99-year leasehold launches in the area scheduled to TOP in 2023: Affinity at Serangoon and Parkwood Residences. The former has an indicative price average of $1,580 per square foot and boasts a total of 1,052 residential units (1,012 condominium units and 40 landed units), while the latter is transacting at an average of $1,567 for 18 units.

Both are equally stellar picks, but if we had to choose, we would go with Affinity at Serangoon based on their facilities alone, which includes a lap pool, wading pool, tennis courts, gymnasium, reflexology path, function room, and community garden – all of which Parkwood Residences lack.

Needless to say, the amenities available near the estates are endless: NTUC Fairprice and Prime Supermarket are located in the vicinity; the popular NEX, Chomp Chomp Food Centre, and myVillage just around the corner, and Hougang 1, Hougang Mall and Ang Mo Kio Hub a mere 1 to 2 MRT stops away for all your shopping needs; and PCF Sparkletots, Yio Chu Kang Chapel Kindergarten, Al-Istiqamah Mosque Kindergarten, Rosyth Primary School, Zhonghua Primary School, Serangoon Garden Secondary School, and Bowen Secondary School for families with children.

2. The Jovell (Loyang MRT)

Another project of Phase 1 is the construction of Loyang MRT station, seeing seamless connectivity among the neighbourhoods in the East – linking an “ulu” part of District 17 to the bustling hub of Tampines, and the Changi Business District.

Located within a 1.6 kilometre distance from the build site, the 99-year old leasehold condominium The Jovell is a choice to consider for those looking to settle down in the East. Set to TOP in August 2023, the resort style estate includes 428 residential units with an indicative price average of $1,431 per square foot. Though Parc Komo is located just 500m nearer to the MRT station, it is currently transacting at an average of $1,629 per square foot. However, due to its privacy and lower price range, The Jovell would be the value choice here.

Houses in the East are popular among those who are working at the nearby business district, industrial estates, and of course, the airport – especially with a range of amenities available in the area. Situated between Tampines and Changi, homeowners will be spoilt for choice for all their shopping needs: Loyang Point, which is within a 1km radius of the estate; Tampines Mall, Tampines 1, and Century Square just a couple of MRT stations away; and Jewel Changi right to the East.

Families with school-going children get to take their pick from White Lodge Kindergarten, Brainy Bunch International Montessori, Changi Baptist Church Kindergarten, White Sands Primary School and East Spring Secondary School.

3. Parc Clematis (Clementi MRT)

Moving on to Phase 2 (launching in 2032), we set our sights on Clementi, a favoured mature estate in District 5 due to its accessibility and relative proximity to not only the Core Central Region of Singapore, but also the Jurong Innovation and Jurong Lake Districts.

Added to the desirable mix of property types – HDB flats, luxury condominiums, landed properties – in the area is Parc Clematis, the newest 99-year leasehold condominium estate to grace the neighbourhood. Located just 5 minutes away from Clementi MRT station, Parc Clematis is slated for September 2023 TOP with a whopping total of 1,450 condominium and 18 landed units to its name. Given the popularity of the area, $1,771 per square foot for its price average is also reasonable.

Educational institutions are readily available for every age group: 3 PCF Sparkletots Preschools for kindergartners; Qifa Primary School, Nan Hua Primary School, and Clementi Town Secondary School for primary and secondary education; Singapore Polytechnic for tertiary education; and the prestigious National University of Singapore for undergraduates and postgraduates.

A full spectrum of amenities also surround the area – a lively mix of shopping malls, restaurants, bars, parks and gyms are either easily accessible in the area, or a short train ride away.

4. Whistler Grand (West Coast/Clementi MRT)

West Coast finally receives its own MRT station, bringing better convenience to amenities such as West Coast Plaza, Ayer Rajah Food Centre, and West Coast Food Centre. Property estates also stand to reap the benefits of its upcoming island connection, one of which is the newly TOP’d (October 2022) Whistler Grand.

Equidistant from West Coast and Clementi MRT stations, the 99-year leasehold condominium easily makes it on our list due to its proximity to the Jurong Innovation District and One-North Business Park. With an offering of 716 residential units, it has a higher price point ($1,681 per square foot) in comparison to the nearby Twin Vew ($1,603 per square foot) which was completed slightly earlier in 2021.

Sharing the same range of schools and amenities as the aforementioned Parc Clematis, both Whistler Grand and Twin Vew are good choices, sharing an almost exact same offering of condominium facilities.

For those looking to rent out their apartments, Whistler Grand is the better choice, with an estimated 4.6% in rental yield as compared to Twin Vew at 3.5%. These are, however, based on URA rental data from the last 12 months, and may be subjected to changes in the months to come given how new both estates are.

5. Ki Residences At Brookvale (Maju MRT)

District 21 sees another new addition – Maju MRT station, located right outside Ngee Ann Polytechnic, Singapore University of Social Sciences, and SIM Global Education. Though better known as a prestigious zone for landed properties, the area is anticipating the launch of a rare 999-year leasehold condominium estate right behind Maju Forest: Ki Residences at Brookvale.

Sizing at 107,402 square feet, the condominium estate will include a total of 660 units transacting at an average price of $1,984 per square foot. It is slated to TOP in 2024, and is one of the two condominiums in Sunset Way.

Due to its location, residents of the estate get to enjoy the best of both worlds: vibrant restaurants, bars and eateries along King Albert Park and Sixth Avenue, and an endless choice of amenities just one MRT stop away in Clementi.

A handful of renowned schools dot the area for families with children from all age groups, including but not limited to: Integrated International School, Pei Hwa Presbyterian Primary School, Bukit Timah Primary School, Raffles Girls’ Primary School, Nanyang Girls’ High School, National Junior College and Hwa Chong Institution.

Thinking of upgrading your property soon? Chat with us for a personalised and in-depth analysis of your portfolio today: +65 9799 7955.

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