Written by: Benjienen Toledo
Affinity at Serangoon, formerly known as Serangoon Ville is a Housing and Urban Development Company (HUDC) privatised in 2014. It is definitely a good choice if you intend to purchase with the goal of renting it out in the future as it is a developing district with a good investment opportunity and enhanced connectivity.
Good Investment Opportunity
The New Punggol Digital District which will open gradually from 2023, a year before Affinity at Serangoon’s TOP, will create 28,000 jobs and may contribute to the tenant demand. Construction is scheduled to start this 2018.
It is considered as mini Silicon Valley in Singapore which offers nearby towns additional dining, leisure and retail options other than the nearby shopping malls like Heartland at Kovan, Hougang Mall, Junction 8 at Bishan and Ang Mo Kio Hub.
An artist’s impression of the aerial view of the Punggol Digital District. Photo by: JTC
This Digital District will be connected to other parts of Singapore by a host of new transport infrastructure including the new Punggol Coast MRT station. This station is a future underground station along the North East Line (NEL) connected to Serangoon MRT which will be completed by the year 2023.
Besides that, Singapore Institute of Technology’s (SIT) new campus will also be in the district, allowing students and faculty to exchange ideas with industry practitioners working there.
It is noteworthy that Affinity at Serangoon’s location is in between the Northern part of Singapore and Central Business District. With the offices at Serangoon Central and new business aspects at Serangoon North, there are greater job opportunities, thus, more demands for housing.
Better Accessibility and Connectivity
With the upcoming Cross Island MRT Line and North South Corridor, accessibility to and from the Affinity at Serangoon is a breeze.
The Cross Island Line (CRL) which is targeted to complete around 2030 will provide a faster commute between the east and the west, from Changi passing through Hougang to Jurong. It will connect all of our existing radial MRT lines with close to half of the 30-plus CRL stations being interchange stations. The CRL will also provide commuters with many more travel routes to get to their destinations, bringing about greater comfort to commuters and shorten journey times.
With the CRL, the journey time from key employment areas to residential estates will save your commute time by up to 30-40 minutes.
The NorthSouth Corridor (NSC) is also Singapore’s first integrated transport corridor, featuring continuous bus lanes and cycling trunk routes, enabling more convenience when it comes to cycling and walking. The dedicated bus lanes for express bus services will reduce travelling time from towns such as Ang Mo Kio to the city by up to 30 minutes and faster bus connections between residential towns along the NSC.
Along the surface, cyclists can look forward to commuting into the city via a dedicated cycling path and a trunk route linking the cycling network along the NSC to Park Connector Networks.
With the upcoming developments and transportation expansion plans, Affinity at Serangoon is a good property investment. With its 1-bedroom unit from $738k compared to a nearby new launch project which starts at $788K, it definitely gives you great savings.
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References: NEL, URA, Blog TV