HSR Agreeemnt

Prime Ministor Lee Hsien Loong – Will Witness signing of KL-Singapore HSR agreement

High Speed Railway Main Objectives

The HSR project is anticipated to boost connectivity, fortify economic ties and enhance people -to-people linkages once completed. Prime Minister Lee Hsien Loong on Tuesday (13 December) will see the signing of the bilateral deal for the Kuala Lumpur-Singapore High Speed Rail (HSR) project at the seventh Malaysia-Singapore Leaders’ Retreat in Putrajaya, Malaysia.

In a statement, the Prime Minister’s Office (PMO) disclosed the agreement will soon be signed by Coordinating Minister for Infrastructure and Minister for Transportation Khaw Boon Wan and Malaysian Minister in the Prime Minister’s Department Dato’ Abdul Rahman Dahlan.

Relation Between Both Countries

It noted the signing of the deal is a “culmination of intensive bilateral conversations since the 2013 Leaders’ Retreat, and furthers the good improvement made by both sides since the signing of the Memorandum of Understanding in July 2016”. It also shows the commitment of the two authorities to the project, which is anticipated fortify economic ties, to foster connectivity and enhance people-to-people linkages once completed.

Also portion of the delegation are Minister for Education (Schools) and Second Minister for Transport Ng Chee Meng, Senior Minister of State for Home Affairs and National Development Desmond Lee, Minister of State for Health Lam Pin Min and Senior Minister of State for Finance and Law Indranee Rajah.

The Effect on Singapore Properties

With the affirmation on HSR that will link to Jurong East, the surrounding properties like J Gateway will be the first to enjoy the most probable price appreciation benefits. The construction of the HSR will definitely a cause of concern as the noise and dust might be a true concern for those who have moved in to J Gateway. However very new developments like Westwood Residences, Lakelife EC, The Clement Canopy, Parc Riviera are still in construction concurrently, so the completion will be just nice to meet the HSR launch which should be the best of both sides.

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Vue 8 Residences

VUE 8 Residences is a new almost ready for occupation high-rise homes built by the sea. The seascape is breathtaking viewed from these condos that are large in space. They provide a lot of fun activities suited for the family both around the condos and the nearby sea.

These exquisite condos come with a 99-year-old lease with effect from 10th September 2012 while the temporary occupy permit is in 2017. It is a large project measuring about 240,224 square feet located on Pasir Ris Drive 3 in District 18.

Functional and efficient sizes give great affordability to home buyers and investors. A wide range of spacious layouts of 1 to 4 bedrooms, caters to suit individual needs. Having Orchard and CBD on either side and being just steps away to 4 MRT lines, Sophia Hills is a one-of-its-kind condominium that is an excellent choice for both investment and own-stay.

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Northwave EC

Northwave EC is a pristine executive condominium located in a serene environment at the intersection of Woodlands Avenue 12 and Gambas Avenue. Northwave EC residents do not have to worry about amenities since Northwave condominium is located next to the Sun Plaza, Causeway Point and the Northpoint City. Therefore residents will not have to worry about shopping since they have access to three shopping malls at their doorstep.

Location is the most important aspect for any property buyer since it determines accessibility and plays a critical role in determining the resale value. Hao Yuan Investment understood this and that was the reason they chose the intersection of Woodland Avenue 12 and Gambas Avenue as the location of Northwave EC. Therefore you are rest assured that you will have access to social amenities, hospitals, religious centers and shopping centers. More importantly that intersection is one of the most sought after areas in Singapore.

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Sophia Hills

Situated right at the peak of Mount Sophia, Sophia Hills condominium is an exciting new launch by Hoi Hup Sunway Mount Sophia Pte Ltd, in Prime District 9. Sophia Hills is the first and only development with 3 conservation buildings that will be converted into a restaurant, kindergarten and clubhouse. This legacy of rich architectural heritage provides both charm and convenience to the residents here.

Price point and location are Sophia Hills’ largest plus points. Being situated in the centre of action that is Dhoby Ghaut, residents will undoubtedly love being so readily joined to several parts of Singapore.

The simple accessibility to the MRT stations and major expressways nearby make it extremely suitable to browse – the variety of rental contracts at Mount Sophia and developments along Adis Road.

A possible drawback that appears because the project is located in a predominantly commercial area, is the lack of a range of educational institutions. Saint Margaret’s Primary School and a few tertiary institutions are within walking distance, but other primary and secondary school-going residents may need to travel a bit.

Investment possibility is very high and this is certainly evident from the rapid-selling 1- and 2-bedroom units. The upcoming Liv on Sophia, which is directly opposite Sophia Hills, just has 2-bedders and practically all units are sold.

Given the relative affordability, the facilities offered and the location, you may be getting a pretty sweet deal.