Nestled in the middle of Katong area, I found out after my own research, that this development has the potential of excellent capital growth for a safe entry investment, due to the following three reasons:
Past Track Record Of Capital Appreciation After New Amenities And Residences Added
The Katong Park MRT station just across LIV @ MB is earmarked to complete in around 2023, and new commercial developments in the Kallang sports and entertainment hub is taking place. Taking reference on how property prices has risen at the Marina Bay area, after it has gone through a transformation from a kite-flying BBQ spot to the vibrant leisure and shopping district it is today, we can conclude that once Kallang has completed a similar transformation, the region will experience similar property price hikes as the area becomes more desirable.
Similarly, looking at how current condominiums at the nearby estate of Paya Lebar has appreciated 50% and more because of the completion of Paya Lebar Quarter, the refurbishment of Singpost Center, and the introduction of Paya Lebar Square, there is good probability of a similar occurrence in capital appreciation to LIV at MB Price when the new facilities are ready at Kallang. This is good news for residents of LIV @ MB condo.
Large Potential Pool Of Buyers From HDB Upgraders Nearby
HDB owners who bought their BTO flats at nearby locations like Pine Vista, Pine Green and Dakota Breeze will be fulfilling their MOP from 2025 onwards, which is very close to when LIV @ MB is may TOP and have a physical unit for buyers to move in immediately. The recent HDB 4-room and 5-room flats at Dakota Cluster have transacted between $53x,000 to $86x,000, giving these HDB sellers a substantial pool of cash after the sale to upgrade to a private residential home in the same area.
Completion Of The Thomson-East Line
With the Thomson-East Line expected to be fully completed by 2024, linking Marina Bay Financial Centre to Katong and Marine Parade, the ease of reaching the city center becomes a plus point for working professionals who want quick access to their work place in the Central Business District, yet a distance from the hustle and bustle to enjoy tranquility within their residence and the surrounding parks and nature.
With these 3 key factors supporting the capital appreciation and demand for LIV @ MB, I will recommend this development for investors looking for a steady rental income from tenants working in the area, or students from the local and overseas institutions nearby. The fact that the government changing the Kallang area into the next recreation and entertainment hotspot with a work, live, play concept confirms my expectations that the large tenant pool will support LIV @ MB condo prices and rents in the middle to long term.
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