SINGAPORE: The construction of the Cross Island Line MRT has triggered a surge in the resale property market, with significant interest in surrounding areas, according to property experts.
The transaction involved a unit on the 21st floor of Block 310A along Ang Mo Kio Avenue 1. According to real estate platform 99.co, the unit, which spans 1,302 square feet, was sold within just three weeks. Experts point to the proximity of the upcoming Teck Ghee MRT station as a key factor in the unit’s appeal. The station, part of the Cross Island Line, is expected to greatly enhance the area’s connectivity, making it more attractive to potential buyers.Alongside the MRT station, the nearby North-South Corridor also adds to the area’s development prospects, which many believe will lead to continued price appreciation in the years ahead.