January 2020
The MRT is an essential part of life in Singapore. Many use it as their primary mode of transport in their daily commute back and forth from work, school and play. The MRT also plays in important part in property prices. Properties that are located closer to the MRT enjoy greater convenience, and are also in greater demand from tenants.
As such, the general perception is that properties situated closer to the MRT enjoy better appreciation in price value because it can command a premium for the convenience that it offers.
But is this really the case?
In this article, we take a look at the actual transactional data for 4 EC developments and see if proximity to an MRT station really makes a difference in price appreciation.
Let’s begin our analysis with 2 ECs that are not near to an MRT station.
The Canopy is an EC completed in 2014, with 406 units, situated at Yishun Avenue 11.
Now, taking a look at Parc Canberra, which is situated a mere 350m away from the nearest Canberra Station, it is in a good position to benefit from proximity to MRT.
With there having been no new EC launches in the northern region for the past 3 years, we are expecting a healthy demand for units at Parc Canberra.
Here’s a review of Parc Canberra.
Looking through the data that we have presented so far:
We can observe that there is a very strong relationship between price appreciation and proximity to an MRT Station.
If you have missed the previous opportunities to purchase an EC unit, here is your next opportunity to make the right investment with Parc Canberra.
Keen to know more information? Leave us a message and we’ll be in touch.
*Information presented above is meant as an analysis and reference. Past results are not a guarantee of future performance.
