SINGAPORE – Flats in the upcoming Bayshore estate will likely be popular with home seekers due to factors such as convenient access to MRT stations and schools, and sea views for some units, property analysts said.

They added that there could be strong demand for flats in Bayshore – an extension of Bedok town – which are likely to fall under the Plus model in the impending reclassification of flats.

The first two Build-To-Order (BTO) projects in the estate, comprising about 1,400 two-room flexi, three- and four-room flats, will be launched for sale in the second half of 2024.

They form part of the 7,000 HDB flats that will be built on the 60ha site, which sits on reclaimed land bounded by Upper East Coast Road and East Coast Parkway. Another 3,000 units will be private housing.

Ms Christine Sun, senior vice-president of research and analytics at real estate firm OrangeTee & Tie, said flats in Bayshore will be popular among young Singaporeans as options are currently limited for those who want to live near East Coast Park. They would have to opt for private homes or older HDB resale flats.

“With new BTO flats being built in the area, young Singaporeans will have more affordable housing options. Moreover, these units will be conveniently located near MRT stations and schools, with some high-floor units commanding sea views.”

HDB said most homes in Bayshore will be within a five-minute walk of the upcoming Bayshore and Bedok South MRT stations on the Thomson-East Coast Line.

With these amenities, many home seekers may not mind the stricter resale conditions that come with Plus flats, such as the 10-year minimum occupation period, Ms Sun added.

Mr Nicholas Mak, chief research officer of property search portal Mogul.sg, said flats in Bayshore could appeal to home buyers who want to live near their parents in eastern Singapore, and those who work in Changi Airport and Changi Business Park.

He added that he hopes to see larger units – such as five-room and three-generation flats – in Bayshore as most households would prefer such units for longer-term stay.

Huttons Asia senior director of data analytics Lee Sze Teck expects more than three applicants to be vying for each four-room flat in Bayshore – similar to those for the Bedok South Blossoms project launched in May, where four-room units were priced from $448,000 to $587,000.

The units will have full-height windows, while structural beams and columns in the flats will be kept to the edges for a “beamless” look.

Bedok resident Stephie Foo, 26, said she will try for a four-room unit when the first two projects are launched for sale.

“It’s a great location to live in as it’s near East Coast Park and two MRT stations. It’s a pity that there are no five-room units, but I hope I’m lucky enough to book a unit with a sea view,” she said.

Civil servant Wendy Yang, 25, who is also planning to apply for a four-room flat, said the flat design – with the beams at the sides – is a huge plus point. The location is near her parents’ home in Eunos and her workplace in Changi.

The Bayshore estate is expected to be fully developed by the mid-2030s.

However, analysts noted that plans for Long Island – a reclaimed island on the south-eastern coast from Marina East to Changi – may put a damper on the waterfront views in Bayshore.

The Urban Redevelopment Authority said in its long-term plan review in June 2022 that Long Island could be developed for housing. It could also have a reservoir to boost Singapore’s water supply and protect its coastline from rising sea levels.

There is currently no concrete timeline for Long Island’s development.

Mr Lee said: “If Long Island has high-rise residential homes, there is a possibility that they may be directly in front of Bayshore homes.”