princess_morbucks
30-05-14, 17:26
http://www.todayonline.com/business/how-much-you-save-property-along-north-south-mrt-line
https://pbs.twimg.com/media/Bo32Q1DCAAAsWuO.jpg
Yesterday, you moved into the 1,000sqf condominium you bought in Novena. Today, you board the North-South MRT line for your office in Raffles Place. For every minute that you are on the MRT, you “save” S$81,479 on the purchase of your home, compared with someone who has bought a comparable unit within a kilometre of Raffles Place.
S$81,479 a minute! For the first time in your life, you wish you had a longer commute. In your case, Novena is 11 minutes from Raffles Place. You save a total of S$896,269 by living within a kilometre of Novena MRT station. Not bad for an 11-minute commute. And think of how productive you can be in those 11 minutes — for example, replying to your email messages or reading the TODAY newspaper.
Or, perhaps, you could listen to some music while you dream of how you are going to spend the S$896,269. You could buy another home or put 3.7 kids through four years at Harvard, or treat yourself and your friends to 746,891 cups of coffee from your favourite hawker stand.
In life, we make choices. When it comes to property, location is the primary determinant of how much we pay. In the case of the North-South MRT line, the general rule is that the longer your commute, the more you save.
So, after a long day at the office, instead of dreading your 38-minute commute from Raffles Place to Woodlands, plug in your earphones, sit back and dream about how you are going to spend your S$1,525,016 in savings.
https://pbs.twimg.com/media/Bo32Q1DCAAAsWuO.jpg
Yesterday, you moved into the 1,000sqf condominium you bought in Novena. Today, you board the North-South MRT line for your office in Raffles Place. For every minute that you are on the MRT, you “save” S$81,479 on the purchase of your home, compared with someone who has bought a comparable unit within a kilometre of Raffles Place.
S$81,479 a minute! For the first time in your life, you wish you had a longer commute. In your case, Novena is 11 minutes from Raffles Place. You save a total of S$896,269 by living within a kilometre of Novena MRT station. Not bad for an 11-minute commute. And think of how productive you can be in those 11 minutes — for example, replying to your email messages or reading the TODAY newspaper.
Or, perhaps, you could listen to some music while you dream of how you are going to spend the S$896,269. You could buy another home or put 3.7 kids through four years at Harvard, or treat yourself and your friends to 746,891 cups of coffee from your favourite hawker stand.
In life, we make choices. When it comes to property, location is the primary determinant of how much we pay. In the case of the North-South MRT line, the general rule is that the longer your commute, the more you save.
So, after a long day at the office, instead of dreading your 38-minute commute from Raffles Place to Woodlands, plug in your earphones, sit back and dream about how you are going to spend your S$1,525,016 in savings.