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Property investors keen on Tiong Bahru

Asia One
Property investors keen on Tiong Bahru - Tiong Bahru - Singapore - property investor

Tiong Bahru may have few amenities to boast about but that has not deterred property investors and tenants from scouting for homes.

Property consultants say the city fringe area is one of the country's oldest housing estates, with about 10 private condominiums.

Conservation apartments built by the Singapore Improvement Trust (SIT) - the Housing and Development Board's (HDB) predecessor - years ago also feature prominently on the landscape, they said.

Consultant Lee Sze Teck pointed out that there are several Art Deco-style shophouses as well as pre-war housing blocks.

But since 2006, more modern additions in the form of four private projects, such as the 2010- completed Regency, have sprung up, adding more than 680 new units to the mix.

Mr Lee, Dennis Wee Group's (DWG's) senior manager of training, research and consultancy, noted that there are no more private developments in the pipeline although a few public housing flats are being built now.

There is a site on the reserve list at Kim Tian Road, a stone's throw away from Tiong Bahru Plaza and the MRT station but that has not been triggered yet.


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