Hot Pick: Upper East Coast Road

Source : Property Report, 3 Sept 2007

Predictions
By the end of 2008, we predict the following benchmarks will be achieved for new and luxurious condominiums along Upper East Coast Road:
* S$1,200-1,700psf from Siglap Centre to Bedok South Avenue 1
* S$900-1,400psf from Bedok South Avenue 1 to Bedok South Avenue 3
* S$700-1,100psf from Bedok South Avenue 3 to Eastwood/Bedok Camp Area

Reasons
* The Upper East Coast Road location is ideal for mobile professionals, both local and expats, as it’s strategically located between Changi Airport and the Central Business District (CBD). It takes less than 20 minutes to reach the CBD via the East Coast Parkway, even during the morning and evening rush hour.
* Lifestyle - golf: For those who enjoy a round of golf on a weekend, the Upper East Coast district is a short drive away from international-class golf courses, like Tanah Merah Country Club, Laguna National Country Club, Marina Bay Golf Course and the Safra Country Club.
* Lifestyle - water: The district’s close proximity to the seaside and the East Coast Park means sea breeze all year round, sea sports and recreational facilities, picnic grounds and beach parties.
* Lifestyle - food and drinks: Upper East Coast Road begins with a 500m-long stretch of cosy eateries from Siglap to Jalan Tua Kong, ending with the famous Bedok Food Court.
* Rentals have been rising steadily, supporting capital values growth. Capital values will also see upward pressure from home owners displaced from enblocs in Katong, Telok Kurau, Marine Parade, East Coast Road and elsewhere. Potential enblocs in the near future may include Ocean Park, Rich East Gardens, Bagnall Court and Eastern Lagoon I and II.