Loss in supply of residential properties may increase demand. In addition, the Urban Redevelopment Authority (URA) has proposed to rezone parts of Sembawang for commercial purposes. Parc Life location is strategically next to Canberra Park. This gem is developed with a short 6 minutes stroll to Sembawang MRT Station. One station to upcoming Canberra MRT Station, the new Canberra Plaza, Sembawang Sports are available within the next few years. We can see Parc Life project in https://www.parclife.net/showflat/. The brand new Paya Lebar Quarter nearby will supply tasks for numerous citizens and also migrants. And there will be those looking to rent out an area near to work. With a fall in the number of available buildings in the area, rental as well as sale need of buildings here will no question boost, hence raising property prices of existing units.
But Geylang was, and also probably still is, Singapore's most popular traffic signal area. However over the last few years, besides being a hip place for going to backpackers, Geylang is ending up being the home of several well-visited food areas and a deserving neighbor to the upcoming organisation center that is Paya Lebar. And also perhaps the tide of days when rates of properties below are low as a result of its shabby environment is turning. Its proximity to the Aljunied and also Paya Lebar MRT stations brings more foot web traffic to the already vibrant food scene here. It additionally makes the location extra obtainable to travelers who desire a slightly more various feeling of Singapore. With the Midtown Line 3 operating, the Geylang Bahru, Mattar and Ubi stations permit workers easy accessibility to and from the location.