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Condo cluster in the east still attracting buyers

Demand remains strong despite lack of amenities and MRT station

Published on Sep 8, 2012 10:44 AM
 
Bayshore Park (left), The Bayshore (centre) and Costa Del Sol. The lack of amenities in the area does not seem to deter buyers, who are attracted by the impressive sea views many high-floor units enjoy, as well as the quiet, private surroundings, the proximity to the beach and the rental potential. -- ST PHOTO: SEAH KWANG PENG

It is one of the older condo clusters around but Bayshore Park, Costa Del Sol and The Bayshore just off Upper East Coast Road are still attracting buyers - even without an MRT station nearby.

There is plenty to attract, from the impressive sea views many high-floor units enjoy to the quiet, private surroundings, the proximity to the beach and the rental potential.

The lack of amenities in the area also does not seem to deter. Most residents wanting a supermarket or choice of restaurants head to nearby Siglap, although the condos have some shops and eateries within the grounds.

The nearest MRT and bus interchange is in Bedok. There is an upcoming Eastern Region Line, slated for completion in 2020 at the earliest. Details of station locations have not been disclosed yet.

 
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Background story

VALUE FOR MONEY

All the new launches are (mostly) priced at $1,000 psf and above... This unit is about $900 psf or so, and there's also room for capital gains.

- Ms Jamie Li, who paid $920,000 for a two-bedder at The Bayshore with her husband