Some investors believe in entering the market early because with the view that when the MRT stations are completed and the line starts running, the market for residential properties nearby would have already “priced in” the premium of the convenience. There is also a view that in the very long term, most Singaporeans will be living within 500m from an MRT station and any “price premium” arising from such proximity will disappear.
It seems that we still lack solid data to substantiate and quantify the effects. But I think it is correct to say that there is an initial euphoria as sellers of properties around the named stations will immediately raise their prices. Full story
