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District Watch: District 19
Evan Chung, Vice President DTZ shares with PropertyGuru writer, Cheryl Tay
on the future potential of District 19 and its upcoming developments.
Evan Chung, Vice President (Resale Division) at DTZ Property Network, says: “While this might seem a long way off, with completion estimated for 2030, I'd have to say that developers and real estate salespersons are already using this as a selling point for projects in the area. And though prices of resale or new properties have yet to show any significant change due to such announcements, I believe the area’s potential, especially with regards to improvements in connectivity, will positively affect demand. Initial respondents to this would of course be real estate developers, followed by buyers and investors.”
Despite this, Chung also foresees that “District 19 will have more developments coming its way, as it still has a lot of untapped potential”. Indeed, Serangoon will become a Sub-Regional Centre with new commercial developments, and Hougang will be revitalized and likely see new HDB BTO and private residential launches; glimpses of these have already been revealed in the Draft Master Plan 2013. Areas like Sengkang, Punggol and Buangkok still have a fair amount of Reserve Sites surrounding the MRT stations, and these could be used to grow the area into hubs like the Woodlands Regional Centre.
Article featured on PropertyGuru.com.sg on 5th Feb 2014