From Straits Times – June 10, 2007
“Heartland enclave all set to turn swanky ”
RITZING UP the area will be The Riverine by the Park, near the Kallang MRT station and Riverside Park. It has already been fully snapped up. — ALPHONSUS CHERN
OLD public housing estates are the mainstay of the Kallang area, with basic amenities such as a train station, a community centre and coffee shops adding a true heartland feel.
But changes are in store that will inject an upmarket tone, as the area is near the Kallang Basin, which is set to be rejuvenated.
And just to the south, an upcoming posh 96-unit condo will also jazz things up.
The Riverine by the Park, which Wing Tai started selling in April, saw strong interest and is now fully sold. Located near Kallang Riverside Park, it is close to the city centre.
Asking prices in the sub-sale market have surged to as much as $2,000 per sq ft (psf) for a penthouse unit.
Three-room HDB flats in the area have been sold for $160,000 to $215,000. Five-roomers have gone for $257,000 to $468,000.
In the years ahead, the public housing in the area will become more posh, as it will boast the first public waterfront homes just to the north. Five blocks of three- to five-room flats will be built on Bendemeer Road in about three years’ time.
On Boon Keng Road, a private developer will soon build condo-like HDB flats under HDB’s second design, build and sell scheme.