30 Sep '16, 9am

Does the opening of MRT stations affect property transaction prices?

Does the opening of MRT stations affect property transaction prices?

The PSF growth for condos near these MRT stations were, on average, less than the national trend prior to their opening but then grew faster after they opened. The difference is also more stark for condos located less than 1km away from the stations vis-a-vis those located 1km to 2km away. This suggests that there is a bit of truth to our earlier hypotheses: that property prices near an MRT station increases significantly in the years following its opening, and that proximity to an MRT station enhances the value of a property.

Full article: https://www.99.co/blog/singapore/mrt-stations-property-pr...

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