The Thomson-East Coast MRT line looks set to have a big effect on properties near the future MRT stations. The exclusive area of St Patrick’s road is but just one of them. With a station in Marine Parade situated nearby, properties in the area may see a big boost in home prices as the future MRT line will cut down travel time to the city.
Although situated in the prime district 15, near good schools and many other amenities such as the 112 Katong and Parkway Parade shopping malls, the Marine Parade library, and the market and town centre just a stone’s throw away, sales has been far and few in between for a long time. But private home rental prices has held steady. With new property launches coming up, buyers may now consider these properties in all seriousness, with their potential for high rental yields.
Currently, only a few private apartment blocks stand in its vicinity, such as the St Patrick’s Residences and the Grand Duchess @ St Patrick’s. New launches planned for the months ahead include Seventy St Patrick’s and Amber Skye. Despite the harsh conditions of the TDSR framework, buyers may be drawn to the area by its exclusive and lush surroundings, the convenience of amenities and schools just streets away, and the evergreen plus point of a MRT station nearby.