And it is huat for those in Woodlands surrounding areas. But then at the same time, the place will be crowded. Not forgetting that it is still a 5 years waiting time before we see the light at the end of tunnel.
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New developments to share
- Thread starter wuqi256
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And it is huat for those in Woodlands surrounding areas. But then at the same time, the place will be crowded. Not forgetting that it is still a 5 years waiting time before we see the light at the end of tunnel.
Once the first stage of construction of RTS commence in JB, this will be the start of the second wave of appreciaton.
curious why u say huat for woodlands ? dun u think woodlands ppties may suffer if pple go stay in JB instead ?
Because of infrastructure link to JB. Business around there will huat because of heavy human traffic.
Am waiting with bated breath
heavy traffic to JB
More Malaysians from northern part of Johor and beyond may migrate downwards to stay in JB while travelling daily to SG to work. Currently Woodlands has a lot of Malaysians and other foreigners staying already.
I've noticed from the total number of views that LiJB3 should be the most popular/viewed thread, but from the increase in number of views these 2 days, this thread seems to have over taken LiJB3 to be the most popular/viewed thread here. Is there a spike in interest for new developments in Iskandar?
again this begs the question...once the RTs is built, won't it be cheaper to stay at JB instead of Woodlands ?
You mean the Altus tower is priced at rm1.5k psf?!!... Wow.
RTS will relieve the heavy cross straits traffic. Not only JB will have more ppl staying, woodlands areas near to mrt will also see more ppl especially from Malaysia staying. That is my prediction but don't take everything I write to be 100% chun.
Woodlands will become a boom town.
URA Draft Master Plan 2013: Woodlands to catch up as a bustling regional centre
Published on Nov 20, 2013
By Fiona Chan
Compared with its counterparts - Tampines in the Eastern belt of Singapore and Jurong East in the West - Woodlands has lagged so far in its development as a regional centre in which Singaporeans can work, live and play.
But this is set to change under the Urban Redevelopment Authority's latest Draft Master Plan, which has laid out detailed plans to liven up the area, property consultants said on Wednesday.
"Since the conceptualisation of regional centres, about two decades ago, Woodlands has yet to realise its potential as a decentralised commercial area compared to the development of Tampines and Jurong East," said Colliers International's director of research and advisory Chia Siew Chuin.
But with the Woodlands MRT station slated to serve as an interchange connecting the North-South Line with the new Thomson Line, the district is now primed for faster growth, she said.
More Singaporeans are also investing in second homes in Johor Bahru, just north of Woodlands, Ms Chia added. This trend is likely to turn Woodlands into a "conduit for increased economic and human activity".
She also noted that the latest master plan, released early Wednesday morning, has designated several land sites in Woodlands for commercial and residential use. Some 7 million sq ft of new commercial space is planned for Woodlands Regional Centre and more than 100 ha of land will be made available for development - comparable to Tampines and Jurong Lake District.
"The entire cluster around Woodlands MRT station is set to accelerate with developments in the next five years, housing a variety of commercial activities and jobs that are close to homes," Ms Chia said.
The URA is also setting aside land in Woodlands to be developed into a cluster for small and medium-sized enterprises (SMEs). The Northshore Innovation Precinct will provide more business opportunities for SMEs, the agency said.
This move is "a signal to the local entrepreneurs that the government is serious about helping the smaller firms to defray operation costs, to help them make it easier and cheaper to tap into mployment sources from across the Causeway", said property consultancy CBRE on Wednesday.
In all, the plans for Woodlands are designed to turn the district into a vibrant residential and business hub, the URA said in its master plan.
"With new transport connections, fresh commercial space and room to grow, Woodlands Regional Centre is set to realise its full potential as Singapore's Northern Gateway," said the agency.
http://www.straitstimes.com/the-big...r-plan-2013-woodlands-catch-bustling-regional
I think one of the deterrents for many M'sians wanting to work in Sg is the high cost of living in Sg which eats into the salary gain and reduces the benefit of living in Sg. Of course they could live in JB at lower cost and commute daily to Sg, but the present transportation hassle puts many off this plan. So, imagine with RTS, problem is solved! The deterrents to working in Sg are lifted -- can stay in JB and work in Sg....Many more M'sians would once again reconsider Sg for job opportunities.
From Sg's point of view, M'sians (although being foreigners is Sg) blend in more easily and therefore stand out less as 'foreigners' as compared to for eg. PRC, pinoys or those from South Asia. The unhappiness on the ground to M'sian workers may be less pronounced compared to the other nationals and this may politically help -- it could be an intangible benefit to Sg in addressing Sg's tight labour market yet keeping the "unhappy noise" on the ground under control (although not totally obliterated of course since foreigners of any kind taking up local jobs will always remain a sensitive issue).
This Northern Regional Centres development had been planned to materialize before the end of the 2000s.
Woodlanders had been short changed and wasted that long many years to see major developments by the Sg gov.
Was told by a banker that the new rule $1 million property for foreigners applicable to projects launch AFTER the announcement.
Those already launched earlier can still follow old rules and continue to sell the existing stock - above rm500K for foreigners.
Was told that this is not to cost hardship to developers with large holding of unsold units between the rm500K and rm 1m bracket which is quite substantial.
This perhaps also explain why Country Garden decided to launch all of the 9000 units in one go instead of the usual of progressive release when they can also up the prices also progressively.
Those already launched earlier can still follow old rules and continue to sell the existing stock - above rm500K for foreigners.
Was told that this is not to cost hardship to developers with large holding of unsold units between the rm500K and rm 1m bracket which is quite substantial.
This perhaps also explain why Country Garden decided to launch all of the 9000 units in one go instead of the usual of progressive release when they can also up the prices also progressively.
If you buy country garden as a foreigner now for units < $1 mil, a few year later you decide to sell to foreigner, is it subjected to $1m rule?
More likely that concession is for developers, not for resale market. Anyway just my view, no hard facts.
The concession is a one off thingy for the developers whom many are closely related with the political elites and because otherwise many developers may even go bust with large qty of unsold units.
Unfortunately, till now, the new ruling is still quite hazy with much uncertainties here and there.
However, you see, the whole idea here is to curb speculation and foreigners driving up prices and also try to make housing more affordable to locals.
So I guess you will not be able to resell below $1m (based on state valuation) to foreigner and trying to resell to local may even see a depreciation in price.
Those who are buying for investment may need to find out more before buying now.
Does not made a very big different lah. Do you think foreigners going to rush buying out 500k condos knowing they might have a hard time selling in forseeable future.
exactly. 500k for condo is about the limit for a lot of malaysians who intend to buy for own use. we talking about middle class malaysian, not those wealthy folks.
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