PLUS PROJECTS
All four property analysts who spoke to CNA said that the Bayshore projects are likely to fall under the new Plus category.
HDB said in October last year that the Bayshore projects could “potentially be considered for launch under the new Plus model”, given its attractive location and proximity to transport nodes and amenities.
The two projects will be near Bayshore MRT station, one of seven new stations along the fourth stage of the Thomson-East Coast Line (TEL4).
The seven new stations opened to the public for a preview from noon to 9pm on Friday, before passenger service officially starts on Sunday.
Ms Christine Sun, chief researcher at OrangeTee Group, said the project next to Kembangan MRT station may also be under the Plus model, along with the flats in Jurong West, Pasir Ris and Woodlands.
Huttons’ senior director for data analytics Lee Sze Teck, as well as Singapore Realtors’ head of research Mohan Sandrasegeran and ERA key executive officer Eugene Lim also agreed that Pasir Ris will most likely be a Plus project. The new Pasir Ris flats are next to the town centre and MRT station.
Mr Lim also cited Woodlands as a possible Plus project.
But Mr Sandrasegeran said that the “final classification will depend on the authorities’ assessment of the site attributes and qualifications before an official announcement is made”.
“This careful evaluation ensures that the classification accurately reflects the value and appeal of each location,” he added.
