The East Coast Plan – Thomson-East Coast MRT Line (TEL) Stage 4 Opening in The First Half of 2024.

Remember when Minister Heng Swee Keat mentioned he have an East Coast Plan?

Well, here it is! East Coasters, it is time to rejoice! Acting Transport Minister Chee Hong Tat announced on the 9th of January that LTA aims to open the fourth stage of Thomson-East Coast (TEL) in the first half of 2024.

Back in December 2023, Land Transport Authority (LTA) announced that they started conducting train testing on TEL Stage 4 (usually takes 3-6 months), which comprises seven stations – Tanjong Rhu to Bayshore.

With the TEL expansion, not only this is going to connect the East Coasters with the rest of Singapore, it also increases the convenience for residents who travels frequently to the East Coast.

Source: LTA

The seven stations will be running along the East Coast.

Source: URA

Let’s take a closer look at the future development plans for 5 out of the 7 stations (Tanjong Rhu Station, Tanjong Katong Station, Marine Parade Station and Bayshore Station).

Tanjong Rhu

Back in September, URA also announced a proposed amendment to the masterplan on two plots of land in the Tanjong Rhu area.

Source: URA

The amended plot ratio was amended from 2.8 to now two plots with ratios of 3.6 and 4.3 respectively. Not only does this increase its value but also expanded potential for additional housing development. This trend extends to the other plot as well, with its plot ratio elevated from 2.8 to 3.5.

Recently, it has been confirmed that the two plots by the river are going to be (Build to Order) BTO projects, consisting of around 2,020 flats.

With more housing, prices for nearby projects are going to get more competitive, having a higher potential for growth. There could even be more amenities built in the area due to the increase in human traffic. 

We could anticipate strong responses in Government Land Sales (GLS) with the upcoming MRT station as well as increased rental demand of nearby properties due to city fringe convenience to CBD.

So what are some of the iconic projects in the Tanjong Rhu area?

Source: URA

The current PSF of these few projects is currently 30-40% below the launch price of nearby new projects such as Grand Dunman. Thus, there is huge potential for price growth for these projects due to the price gap once new launches are introduced into this area.

Tanjong Katong/Marine Parade

Source: URA

Previously, these areas were not very accessible without a car. The nearest (but not near) MRT stations are Paya Lebar or Eunos and you have to take a bus to reach the East Coast Area. 

But now, with the new MRT stations, you don’t have to worry about the inconvenience of travelling to these areas. 

For foodies, you can now enjoy Katong Laksa without worrying about the traffic conditions in the narrow roads in between the shophouses. 

For beach goers, a trip to East Coast Park became so much more convenient.

Overall, more people are going to visit the East Coast, boosting the business there. More business might even pop up in these areas, increasing rental demand for nearby projects.

Property prices will also increase as the East Coast will be less of an isolated town but rather more connected to the rest of Singapore, thus increasing the attractiveness of the properties.

With potential enbloc such as Katong Shopping Centre, the land could be redeveloped into new residential projects, creating more housing in the area.


Source: URA

If you have been following property news, there has been a lot of buzz around the Bayshore area!

Firstly, we have the HDB Bayshore Master Plan announced in Oct 2023. About 7,000 flats will be built as an extension of Bedok Town. 

With this area only having condominiums and landed housing, the introduction of HDB flats is going to be a breath of fresh air. HDB owners will also get to enjoy seaside living with increased accessibility.

Then, we have the news about the 800 hectares land reclamation along the East Coast which was announced by URA in Nov 2023 which will introduce more housing and amenities in the area, which could make the house prices in the area more competitive.

Furthermore, the plot highlighted in orange was introduced in the recent GLS as a reserved site. The new residential project built on this land could create a potential price gap with the nearby residential projects such as Costa Del Sol and The Bayshore.

Including the opening of Bayshore MRT, Bayshore seemed to be a potential growth area filled with opportunities.


With the comprehensive East Coast development plans, the MRT alleviating transport challenges, and a growing tenant demand for city fringe rentals, District 15 properties are positioned for a potential value surge. 

The transformation in the East Coast may contribute to a shift from the old average of $1500 PSF to a new average, possibly reaching $2500 PSF based on new launch prices. Investors should consider this opportune moment, as waiting might mean missing the boat on the area’s promising growth potential.

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