Commercial centres and employment nodes
The push for decentralisation – amid improvement in public transport – has attracted many companies to establish their presence in regional commercial hubs such as in Paya Lebar and Tampines.
For instance, the Tampines Regional Centre has become a location for many banks’ back-office functions, while Paya Lebar has emerged as a vibrant live-work-play destination with developments including integrated development Paya Lebar Quarter, Paya Lebar Square and SingPost Centre. Not forgetting the bustling Changi Business Park nearby, which is home to many technology firms and financial services companies.
These employment nodes, just a few minutes from the upcoming Tanah Merah condo site via the MRT, will bring jobs closer to homes and create new opportunities for residents. For investors seeking stable rental income, these commercial centres should offer a fairly sizable and steady pool of leasing demand.