80 percent of Singapore's population will live within a 10-minute walk of an MRT station by 2030.
Two new MRT lines were unveiled today - the Cross Island Line (CRL) and the Jurong Region Line (JRL) - in addition to the extension of three existing lines that will increase the rail network stretch to 360 km, compared to the current 178 km.
Meanwhile, PropertyGuru's Senior Editor Romesh Navaratnarajah expects property prices within walking distance of the two new lines to rise, especially in areas that are underserved by transport links.
A spokeswoman for PropNex Realty agreed, adding: "Naturally, properties with easy access to public transport are more favourable and thus command higher prices (at least 10% higher)." Full story
Related:
Gov't to double MRT network by 2030, Jurong and Cross Island Lines announced - Yahoo! News Singapore
Plans to build two new MRT lines by 2030 - inSing.com
