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The Site and Floor plans of new condo launch in Meyer Road, are currently seeking approval from relevant authorities.
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THOMSON EAST COAST MRT LINE TO BE COMPLETED IN 2024

On August 15, 2014, the LTA announced that the southern end of the Thomson Line which serves the North South corridor will be extended eastwords to form the new TEL MRT line. In Singapore, the proximity to an MRT station helps to sell properties. The 13km East coast stretch will bring MRT travel to areas not currently served by the MRT system and increased connectivity to the East will be brought about by a 2.2km, 2-station extension of the Downtown Line (DTL) to join DTL To TEL. Here are some points about TEL:

• Consists of the 22 station Thomson Line along the N-S corridor and the 9 station Eastern Region Line
• Seamless connection from Woodlands in the North to the East Coast
• Fully underground
• Benefits of sscale, operational efficiency and common systems and trains
• Total Length 43km
• Total cost of S$24 billion, 6.8 billion for the Eastern Region Line
• Total of 31 stations
• Scale similar to N-S line and Downtown line
• 7 private properties acquired
• 7 interchanges 
• Expected traffic - 500k passengers daily, increasing over time to 1mil daily
• Alternative to E-W line for some commuters
• Eastern end of the DL line to be linked up to TEL with the addition of 2 new stations
  • Downtown Line 3 extension (DTL3e) - 2.2km
  • Access to Changi Business Park and Expo areas
• Travelling time saved (now served by MRT or MRT+Bus):
  • East coast to Orchard, 45mins instead of 75mins, saving 30mins
  • Woodlands to Marine parade, 1 hr, currently not possible by MRT, 80mins by bus
  • Marine parade to Shenton Way, 20mins instead of 40mins, 20mins saving
  • Marine parade to Jurong East, 50mins (via TEL, EWL) instead of 65mins, save 15mins
  • Upper East Coast to Ang Mo Kio, 45mins instead of 60min, save 15mins

• New combined MRT and bus depot to be built next to the existing Changi Depot
  • Capacity for 220 trains from TEL, E-W and DTL lines and 550 buses
  • 36-hectares, multistorey
  • Combining and having several storeys saves 44 hectares
  • Existing depot to be demolished

• East Region Line
  • 16km long
  • Serves new areas such as Siglap, Marine Parade, Upper East Coast and Bedok South
  • Construction of the Eastern Region Line to start in 2016.
  • First 7 stations - Tanjong Rhu to Bayshore - to be ready by 2023.
  • Last 2 stations of the Eastern Region Line - Bedok South and Sungei Bedok to Tanjong Rhu to be ready by 2024
  • Singapore's first underground bicycle parks
    • Marine Parade, Marine Terrace, Bayshore and Sungei Bedok Stations
    • More bicycle parts at all future stations

 Quick Milestones:

• 2019 - 3 stations on the NEL line gets connected to the N-S Line at Woodlands MRT
• 2020 - 6 new stations from Springleaf to Caldecott open
• 2021 - 13 new stations from Mount Pleasant to Gardens by the Bay give direction access to the CBD, Marina Bay and Gardens By The Bay from the Woodlands
• 2023 - 7 stations on the East Coast stretch open new access to the East Coast area currently not served by any MRT line
• 2024 -  last 2 stations on the East Coast stretch connect to the DTL3e extenstion at Sungei Bedok and will relieve some pressure on the E-W line.

THOMSON EAST COAST LINE TEL

The Thomson-East Coast Line (TEL) is a joint line between the Thomson Line and the Eastern Region Line.

The 43km TEL will add 31 new stations to the existing rail network, with 7 interchange stations, which will link to the East-West Line, North-South Line, North-East Line, Circle Line and the Downtown Line.

The 13km eastern stretch will run through the neighbourhoods of Tanjong Rhu, Katong Park, Amber, Marine Parade, Marine Terrace, Siglap, Bayshore, Bedok South and Sungei Bedok. The first seven stations, from Tanjong Rhu to Bayshore, will be ready in 2023. The stations in Bedok South and Sungei Bedok will be ready in 2024.

When the 43km-long TEL is completed in 2024, a trip from East Coast Park to Orchard is expected to take just 45 minutes, compared to 75 minutes. Commuters travelling from Marine Parade to the Central Business District will halve their travel time from 40 minutes to 20 minutes.

The TEL will also connect with the upcoming Downtown Line which will have a new extension consisting of the Xilin station and the Sungei Bedok interchange station. This is to improve public transport accessibility to the Changi Business Park and Expo areas, he said.

The 31 stations of the TEL are expected to serve about half a million commuters daily in the initial years and twice that in the long term. To make way for the construction of the eastern stretch of the line however, six landed properties along Amber Road and a three-storey apartment along Tanjong Katong Road will be acquired.

The world's first four-in-one train and bus depot will also be built with the TEL. It will house buses and trains for the TEL, East-West Line and Downtown Line. The 36ha depot can house about 220 trains and 550 buses and integrating the depot for both buses and trains will help to save close to 60 football fields of land space.

UOL GROUP WON TOP BID FOR NANAK MANSIONS CONDO SITE TANJONG KATONG MRT THROUGH COLLECTIVE SALES

The freehold Nanak Mansions development in upmarket Meyer Road has been bought by an associate of UOL Group in a $201.1 million en bloc deal.

It was the fourth freehold residential site in the Meyer-Amber Roads vicinity to have come on the market this year.

UOL told the Singapore Exchange in a filing yesterday that its 50 per cent-owned associate, Secure Venture Development (No. 1), will redevelop the 10,185 sq m site, which has a gross plot ratio of 1.4.

"Meyer Road is a highly coveted address. Given its rare location right next to a park, we see the opportunity to develop this site into a luxury and spacious project which can be dubbed as our 'Nassim Residences of the East'," said UOL deputy group chief executive Liam Wee Sin.

The sale will be funded mainly by bank borrowings and internal resources.

There is also a private road next to the property of about 910 sq m in Jalan Nuri. This is owned by some subsidiary proprietors of the development and their associates.

These owners have been given a put option, which could result in Secure Venture having to acquire the road land at a yet-to-be-determined price if certain conditions are met, said UOL.

Nanak Mansions, a low-rise development completed in the 1980s, comprises 36 maisonettes, each with either four or five bedrooms. It is 400m from the upcoming Tanjong Katong MRT station on the Thomson-East Coast Line. The units belong to members and companies of a low-profile Singaporean Indian family, all of whom have consented to sell their units, according to a Business Times report earlier this month. The family developed Nanak Mansions but no family members live there. All 36 units have been rented out.

Mr Karamjit Singh, senior consultant at property consulting group JLL, noted that the site may be redeveloped into a five-storey project with a maximum gross floor area of 153,482 sq ft. This means it can accommodate a maximum of 203 units with an average size of around 700 sq ft in terms of gross floor area.

He said the $201.1 million price tag works out to $1,429 per sq ft per plot ratio (psf ppr), after factoring in development charges payable upon redevelopment. This is not far from the $1,409 psf ppr obtained in July for another property in Meyer Road, The Albracca, a 23,400 sq ft site sold for $69.1 million.

"Meyer Road is easily regarded as the best part of Singapore's East Coast," Mr Singh told The Straits Times, adding that this spells good potential especially for an upmarket development. The Nanak Mansions sale was marketed by JLL.

Soure: Straits Times 29th September 2017

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