Thomson Line construction: Nearby residential projects to benefit

Homes within 500m of new stations likely to enjoy sizeable price gains

Details of the new Thomson Line MRT stations have set the property market buzzing over just which project might benefit the most from Wednesday's announcement.

Experts say the clear winners are residential projects within a 500m radius of the new stations as they are expected to enjoy a healthy gain in home prices.

But some developments have the exceptional luck of being right on the doorstep of a station, guaranteeing even more robust price and rental increases, they add.

Projects like The Calrose, Far Horizon Gardens and Thomson Grove, for example, are right next to the future Lentor MRT station.

And The Gardens @ Bishan and Faber Garden Condominium are right smack beside the upcoming Sin Ming MRT station.

Some projects in the city will enjoy even greater connectivity.

The Equatorial, for instance, will be right next to the Stevens MRT station, while owners of The Trillium, The Cosmopolitan and Yong An Park will cheer now that the Great World MRT station will be right in front of their homes.

Experts add that while home owners are expected to gain from the rise in prices of these apartments, the interim construction period might also be a very painful one.

esthert@sph.com.sgSee more reports on Money C2, 4 and 6