Property prices near new MRT stations on Cross Island Line expected to rise, higher en bloc potential: Analysts

Spanning 15km, the six stations will improve connectivity for residents in the west, including areas such as Sunset Way and West Coast that are not currently served by an MRT line, said the Land Transport Authority (LTA) earlier on Tuesday. 

Two of the stations will be interchanges, with King Albert Park connecting to the Downtown Line while Clementi will link to the East-West line.

Having an MRT station at Turf City comes as no surprise as the area had already been identified as a future housing area, said Mr Lee, adding that land parcels in Turf City could be offered for sale as early as 2026 and 2027. 

The 140ha site in Bukit Timah had been slated for residential use as part of the 1998 Master Plan. 

Ms Sun said: “There could be a possibility of public housing especially since their lease is coming to an end in 2023 and the site is slated for residential use.”

“The MRT station will boost connectivity in Turf City and increase the attractiveness of homes in the area … The public housing may be located away from the Good Class Bungalow areas,” said Mr Lee. 

Turf City is currently occupied by 15 tenants for various uses including retail, F&B, sports and recreation, childcare centres and motor vehicle showrooms. 

Tenants at Turf City were given a final 18-month extension of their lease until Dec 31, 2023, last year. 

People staying in the east and north-east will benefit the most from the launch of the new MRT stations, said Ms Sun.

“There has been quite a number of new condos and public housing built in Hougang, Ang Mo Kio, Tampines and Pasir Ris. Therefore, it is necessary to enhance their connectivity with the rest of the island,” she said.

The Cross Island Line is Singapore’s eighth MRT line and the longest fully underground line at more than 50km. It will be constructed in three phases.