04/09/2025
𝑾𝒉𝒚 𝒕𝒉𝒆 𝑻𝒉𝒐𝒎𝒔𝒐𝒏-𝑬𝒂𝒔𝒕 𝑪𝒐𝒂𝒔𝒕 𝑳𝒊𝒏𝒆 𝒊𝒔 𝒂 𝒈𝒂𝒎𝒆-𝒄𝒉𝒂𝒏𝒈𝒆𝒓
The Thomson-East Coast Line (TEL) is not only the newest MRT line, it is also a game changer. The TEL connects the North Region of Singapore with the Central and East Regions. It has not only provided the previously underserved East Region with convenient access to the MRT network, but also spurred the development of more residential projects in the North Region. Furthermore, the TEL offers the North and East Regions direct connectivity to the CBD and Orchard Road.
Among the TEL stations completed under Phase 2, only Lentor, Bright Hill, and Upper Thomson MRT Stations have completed 99-year leasehold condos within a 500m radius (see Table 1). At the time of writing, the other three stations —Springleaf, Mayflower, and Caldecott — do not have any completed 99-year leasehold condos within the same distance. However, there are upcoming leasehold condos near Mayflower and Springleaf MRT Stations, which will be discussed below.
Among the TEL stations completed under Phase 2, only Lentor, Bright Hill, and Upper Thomson MRT Stations have completed 99-year leasehold condos within a 500m radius (see Table 1). At the time of writing, the other three stations —Springleaf, Mayflower, and Caldecott — do not have any completed 99-year leasehold condos within the same distance. However, there are upcoming leasehold condos near Mayflower and Springleaf MRT Stations, which will be discussed below.
An examination of the average resale prices of 99-year leasehold condos near the three MRT stations reveals that the completion of the stations in 2021 gave a boost to condo prices. The highest increase was seen for condos near Lentor MRT Station, which recorded a combined average price growth of 34.7%, followed closely by those near Bright Hill MRT Station, with a combined average price growth of 32.6% (see Table 1).
Meanwhile, several new developments are being constructed near Lentor MRT Station. One integrated development and five condos are currently under construction. These six developments will yield a combined total of 2,954 condos units, with only 105 units are still available for sale. Additionally, one GLS site has been awarded, and the tender for another is expected to be launched in December. The successful transformation of Lentor is expected to spill over to nearby Springleaf, with the upcoming launch of Springleaf Residence.
