{"id":57732,"date":"2017-06-13T17:02:13","date_gmt":"2017-06-13T10:02:13","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/future-still-uncertain-for-old-circuit-road-flats\/"},"modified":"2017-06-13T17:10:12","modified_gmt":"2017-06-13T10:10:12","slug":"future-still-uncertain-for-old-circuit-road-flats","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/future-still-uncertain-for-old-circuit-road-flats\/","title":{"rendered":"Future still uncertain for old Circuit Road flats"},"content":{"rendered":"


\nView of one of the HDB blocks at Circuit Road in MacPherson.
\nThe opening of Downtown Line 3 in October this year, which passes through the MacPherson area, has once again put the spotlight on a small HDB estate at Circuit Road.
\nConsidered one of the oldest housing estates in Singapore, the chap lau (\u201c10-storey\u201d in Hokkien) flats were built in the 1960s and are home to many elderly residents and those living in rental flats.
\nAlthough the HDB blocks were previously upgraded, the estate now looks old and shabby.
\nIts strategic location near commercial and industrial clusters in Ubi, Paya Lebar and Tai Seng has led some to call for the area to be redeveloped to make better use of the land.
\nSome analysts even think the flats could be picked for the Selective En bloc Redevelopment Scheme (SERS).
\nIn March, National Development Minister Lawrence Wong said that SERS is only offered to sites with high development potential. This could apply to the Circuit Road flats.
\n\u201cBased on the Master Plan, the site currently has a plot ratio of 2.8 and is most likely under-utilised,\u201d said Wong Xian Yang, Head of Research & Consultancy at OrangeTee.
\nWith the nearby Paya Lebar Central set to become a vibrant commercial hub with offices, shops and public spaces, he thinks the area could play a complimentary role in terms of residential and retail \/ F&B use.
\nHeight restrictions
\nHowever, a redevelopment plan is unlikely to be announced anytime soon as Paya Lebar Airbase is only five km away, meaning there are height restrictions which may prevent it from utilising its full plot ratio.
\nAnd while the government announced it will relocate the airbase to Changi, this will only happen after 2030, noted Wong.
\nThere are also other factors to consider before flats can undergo SERS, such as the availability of suitable replacement sites for residents and the government\u2019s financial resources.
\n\u201cThe SERS potential for the estate is undeniable, but SERS may only occur in the distant future,\u201d Wong said.
\nStrong community bonds
\nOne former resident who spoke on condition of anonymity, said she liked living in the area because it is quiet, has good food options and a strong community feel.
\nHowever, she believes that future redevelopment is inevitable. \u201cI\u2019ll be sad for those (who have lived) there for most of their lives,\u201d she said.
\nProject manager Yvonne Kua, 28, has lived there for the past 15 years. She told PropertyGuru that there is convenient access to public transportation and many nearby amenities. \u201cIt is like a town on its own\u2026and I think it would be a waste to demolish it,\u201d she said.
\n\u201cI think the flats here are good as they are. (The estate) was upgraded about 15 years ago with an extra toilet and a balcony for the units.\u201d
\nMeanwhile, one long-time resident in his 70s, who declined to be named, said there have been many rumours over the years about the estate being torn down, but this was just speculation.
\n\u201cI feel that the government will not redevelop this place so quickly as an MRT station is being built nearby for the convenience of residents,\u201d he said, adding that its demolishment is only likely to happen 20 to 30 years from now.
\n\u201cI will probably not be around by then,\u201d he laughed. \u00a0\u00a0
\n\u00a0
\nRomesh Navaratnarajah, Senior Editor at PropertyGuru, wrote this story. To contact him about this or other stories, email romesh@propertyguru.com.sg
\n
\nSource : proppertyguru.com.sg\/Property Market
\nRead more…Future still uncertain for old Circuit Road flats<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

View of one of the HDB blocks at Circuit Road in MacPherson. The opening of...<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[1],"tags":[],"class_list":["post-57732","post","type-post","status-publish","format-standard","hentry","category-property-news"],"jetpack_featured_media_url":"","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-f1a","jetpack-related-posts":[{"id":90060,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/macpherson-lane-hdb-blocks-identified-for-sers\/","url_meta":{"origin":57732,"position":0},"title":"MacPherson Lane HDB blocks identified for SERS","date":"June 1, 2018","format":false,"excerpt":"\r New replacement flats for affected residents will be built at Circuit Road near MacPherson MRT station. (Photo: HDB) Three Housing and Development Board (HDB) blocks at MacPherson Lane have been identified for the Selective En bloc Redevelopment Scheme (SERS). \u201cBlocks 81 to 83 MacPherson Lane comprise 313 sold flats,\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":115568,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/construction-of-bto-flats-to-be-fast-tracked-after-circuit-breaker-period-ends-on-4-may\/","url_meta":{"origin":57732,"position":1},"title":"Construction of BTO flats to be fast-tracked after circuit breaker period ends on 4 May","date":"April 13, 2020","format":false,"excerpt":"\r Construction of BTO projects will be quickened after the circuit breaker period is over.\u00a0 With construction activities for all Build-To-Order (BTO) projects stopped amid the government\u2019s circuit breaker measures, the Housing and Development Board (HDB) revealed that the construction of BTO flats will be expedited following the lifting of\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":116814,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hdb-to-offer-7800-bto-flats-in-august-sales-exercise\/","url_meta":{"origin":57732,"position":2},"title":"HDB to offer 7,800 BTO flats in August sales exercise","date":"June 1, 2020","format":false,"excerpt":"\r The BTO exercise which was originally scheduled for May, will be combined with August\u2019s launch.\u00a0 The Housing and Development Board (HDB) will combine the Build-To-Order (BTO) exercise originally set for launch in May with the August BTO exercise, it said in a release on 29 May. 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