Land Transport Master Plan 2013 & Your Property

The government announced two new MRT Lines to be built by 2030. They aimed to achieve 80 percent of households in Singapore to be within 10-minute walk to any station and 85% of public transport journeys to be within 1 hour. (base on journeys less than 20km )

Home price is likely to appreciate faster in value for properties with good access to public transport, especially MRT. You can’t go wrong with property near MRT stations, especially when COE price now is SKY HIGH!!! The prices for the luxury car and open categories both breached the $90,000 mark for the first time since February 2013. It makes more sense to invest in properties near to MRT for 99 years or more compare to investing in a car for 10 years.

COE Price Over the years

Few recent launched projects are very near to current MRT Stations and future MRT Lines.

Skyvue - Bishan

Skyvue – Bishan

SKY VUE @ Bishan is just a mere 5 Mins walk to Circle line and North South Line, The Tembusu-Kovan by WingTai is a 337 units freehold condo with full facilities located near Kovan MRT. Nine Residences is the first ever First Mix Development in Yishun, located within 10 minutes walk to NorthPoint, Yishun 10 and Yishun MRT. For Executive Condominum, we have The SKYPARK RESIDENCES ,located at the junction of Sembawang Crescent and Sembawang Drive, within 5 minutes walk to Sembawang MRT

 

Perhaps one day, when our MRT system can match big cities like Tokyo, Beijing, New York or London, a property next to the MRT station will be nothing special to a buyer.

MRT Line 2030

Source – LTA, Straits Time

 

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