Explore Woodlands : Singapore’s Northern Gateway

19 Jul 2016

Seeking a home in the Northern part of Singapore? Woodlands will undergo a transformation into a major employment hub outside the city centre.

Already, plans are in place to beef up infrastructure to support the needs of the future regional centre. Transport connectivity is being improved as Woodlands is located some distance from the city centre and travelling times can be long. Come 2021, this problem is likely to be mitigated by the newly constructed Thomson-East Coast Line (TEL) and North South Corridor (NSC). These new infrastructure projects will make Woodlands more accessible.

Living up to its name as Singapore’s Northern Gateway, another cross border link will be introduced in Woodlands, in the form of the Singapore-Johor Rapid Transit System. This brings the total number of cross border links located in Woodlands to three, the other two being the Causeway and the KTMB Shuttle Train. In addition, the Woodlands North station has been designated as the Singapore station for the new link, which further enhances connectivity between Woodlands and Johor. This will make Woodlands an attractive destination for companies with business dealings in Malaysia and also Malaysian companies setting up operations in Singapore.

Buyers entering the market now could therefore stand to gain from the future upswing in prices. Given the flurry of new launches recently, buyers have no lack of choices. From Executive Condominiums (ECs) such as Northwave, Bellewoods, Forestville and Twin Fountains, which are strategically located in Woodlands, to The Brownstone and The Visionaire, which are adjacent to Canberra MRT station, or Signature at Yishun, one of the most affordable ECs in the market, as well as Skypark Residences, situated in the heart of Sembawang Central. Buyers can also consider private developments such as The Wisteria and Symphony Suites in Yishun.

Table 1 List of available projects in the North Region

Source: URA, ERA Research