Real estate
New mall, parks and plans for a school under Toa Payoh West masterplan
Plans for Toa Payoh West include a new mall, parks, and a school. A Build-to-Order project of about 1,600 flats near Caldecott MRT is slated to be launched in November.
Shops, green space, and a school can make a neighbourhood easier to live in. They also take years to finish. What you can use today and what is still a drawing are not the same thing.
If you are buying nearby, check the walk to the station and where the future mall and school would actually sit. If you are selling, you can mention the plans. Buyers will still discount anything that is not open yet.
3 Takeaways for Buyers & Sellers
- Does being near Caldecott MRT make a home worth more today? Look at the map. “Near Caldecott” only helps if the walk to the station is one you would do on a normal day.
- When do the planned mall and school actually matter? If you need the school or the mall soon, ask when they are due. A plan is not a finished amenity.
- How should sellers talk about a masterplan? Sellers should describe the masterplan plainly. Overstating what is already built is an easy way to lose a buyer’s trust at the viewing.