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Thread: Buy Near MRT Stations!!!

  1. #1
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    Default Buy Near MRT Stations!!!

    Have Train, Will Reside


    Source : The Straits Times, July 17 2009

    Looking for flats with high resale value and rental potential? Check out these key considerations.

    It doesn’t matter if you’re black or white. And it doesn’t matter if you reside in Neverland or Disneyland. (You probably won’t need to worry about property/financial issues if you own just a fraction of said places; but that’s another story.) As long as you’re based in Singapore, you should instead be asking this question when it comes to acquiring a house: is your dream abode located close to an MRT?

    • The reason for this is because there is generally a greater demand for homes near MRTs & LRTs. These apartments can respectively cost five and 20 per cent more than those that are 15 minutes’ walk away.

    • The price also goes up by another 5 per cent if the flat is located near interchange MRT stations that serve more than one line, such as Bishan MRT that serve the North-South and North-East directions (via the Circle Line). Units at the estate usually command the biggest premium as residents are paying more for the convenience, accessibility and shorter travelling time.

    • In addition, when it comes to selling these units when the property market is soft, they will fetch a higher price as compared to those situated in outlying areas. The same applies to the rental market. A good location means that the value of the place will hold better in the long run.

    But on the other hand, there are others who feel that such premiums are overrated.

    • While some believe that living near an LRT is akin to living near a feeder bus stop and that as more stations are built; there could be a downward effect that balances out the premium and not all home-seekers will be keen to pay the extra sum after all.

    • And for those who value quality of life, the construction of an MRT station – with dust, noise, detours and all - could take a few good years to complete. These people may not view the pot of gold at the end of the rainbow as an incentive if they have to face numerous storms prior.

    It all boils down to what you value in a property.

    The MRT aside, there are also other factors one should consider before putting down that deposit for a flat:

    • Choose a higher floor. They are easier to sell because it's windier and usually has a better view.

    • Avoid the afternoon sun. No matter what they say about how certain glass can reflect heat, the heat will still get into the flat.

    • Look out for amenities nearby, such as markets, shops and schools.

    • Choose a flat near the city or in a more matured estate. The premium for a location near Ang Mo Kio or Toa Payoh could outset one that’s near an MRT but in a far-flung area such as Boon Lay.

    Use these points as a guide when you embark on your home search trail and may you locate your very own Neverland or Disneyland right here in Singapore.

  2. #2
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    Jul 2009
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    Than in that case should the one near east which is called double bay residence at simei mrt. Great location n upside. Beside singapore 4th uni and changi business park and tourist hotel too.

  3. #3
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    according to the article Simei is far flung n outlying so mrt or nt it is too out of e way
    Quote Originally Posted by tanumy
    Than in that case should the one near east which is called double bay residence at simei mrt. Great location n upside. Beside singapore 4th uni and changi business park and tourist hotel too.

  4. #4
    xebay11 is offline New Launch Project Specialist
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    Quote Originally Posted by Daniel Foo
    Have Train, Will Reside


    Source : The Straits Times, July 17 2009

    Looking for flats with high resale value and rental potential? Check out these key considerations.

    It doesn’t matter if you’re black or white. And it doesn’t matter if you reside in Neverland or Disneyland. (You probably won’t need to worry about property/financial issues if you own just a fraction of said places; but that’s another story.) As long as you’re based in Singapore, you should instead be asking this question when it comes to acquiring a house: is your dream abode located close to an MRT?

    • The reason for this is because there is generally a greater demand for homes near MRTs & LRTs. These apartments can respectively cost five and 20 per cent more than those that are 15 minutes’ walk away.

    • The price also goes up by another 5 per cent if the flat is located near interchange MRT stations that serve more than one line, such as Bishan MRT that serve the North-South and North-East directions (via the Circle Line). Units at the estate usually command the biggest premium as residents are paying more for the convenience, accessibility and shorter travelling time.

    • In addition, when it comes to selling these units when the property market is soft, they will fetch a higher price as compared to those situated in outlying areas. The same applies to the rental market. A good location means that the value of the place will hold better in the long run.

    But on the other hand, there are others who feel that such premiums are overrated.

    • While some believe that living near an LRT is akin to living near a feeder bus stop and that as more stations are built; there could be a downward effect that balances out the premium and not all home-seekers will be keen to pay the extra sum after all.

    • And for those who value quality of life, the construction of an MRT station – with dust, noise, detours and all - could take a few good years to complete. These people may not view the pot of gold at the end of the rainbow as an incentive if they have to face numerous storms prior.

    It all boils down to what you value in a property.

    The MRT aside, there are also other factors one should consider before putting down that deposit for a flat:

    • Choose a higher floor. They are easier to sell because it's windier and usually has a better view.

    • Avoid the afternoon sun. No matter what they say about how certain glass can reflect heat, the heat will still get into the flat.

    • Look out for amenities nearby, such as markets, shops and schools.

    • Choose a flat near the city or in a more matured estate. The premium for a location near Ang Mo Kio or Toa Payoh could outset one that’s near an MRT but in a far-flung area such as Boon Lay.

    Use these points as a guide when you embark on your home search trail and may you locate your very own Neverland or Disneyland right here in Singapore.
    They forgot one more thing, if owner occupied....freehold, freehold, freehold.

  5. #5
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    IMO, the value of staying close to MRT depends on a few factors:

    1. How expensive and efficient is the alternative i.e. driving / taxi
    The cost of driving is going up as planned by the government to swith to pay-per-use. Just look at Hong Kong you will know what will happen to Singapore soon

    2. How frequent is the train
    Train frequency in the past sucks, in the last 2 years, it is greatly improved to about 2mins for peak hours and 4 mins at non-peak hours.

    3. How fast is the train
    MRT is pretty fast during peak hours, a distance of 10 MRT stations probably about 20 mins only. Non peak hours will take 30 mins for 10 MRT stations.

    4. How extensive is the MRT network
    Without circle line, it is hard to get to Suntec City (a long walk from City Hall). Without circle line, it takes too long to go from the East like Tampines to Bishan. The more lines you have, the more people will take MRT.

    One important thing to note. Walking distance to MRT means within 500m radius. 200-300m is ideal. Preferably with covered linkway or shelter.

    Japan should be the role model. Even people commit suicide, a machine will automatically appear, suck/clean everything within 2 minutes.
    Last edited by jitkiat; 26-08-09 at 13:32.

  6. #6
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    Quote Originally Posted by jitkiat
    IMO, the value of staying close to MRT depends on a few factors:

    1. How expensive and efficient is the alternative i.e. driving / taxi
    The cost of driving is going up as planned by the government to swith to pay-per-use. Just look at Hong Kong you will know what will happen to Singapore soon

    2. How frequent is the train
    Train frequency in the past sucks, in the last 2 years, it is greatly improved to about 2mins for peak hours and 4 mins at non-peak hours.

    3. How fast is the train
    MRT is pretty fast during peak hours, a distance of 10 MRT stations probably about 20 mins only. Non peak hours will take 30 mins for 10 MRT stations.

    4. How extensive is the MRT network
    Without circle line, it is hard to get to Suntec City (a long walk from City Hall). Without circle line, it takes too long to go from the East like Tampines to Bishan. The more lines you have, the more people will take MRT.

    One important thing to note. Walking distance to MRT means within 500m radius. 200-300m is ideal. Preferably with covered linkway or shelter.

    Japan should be the role model. Even people commit suicide, a machine will automatically appear, suck/clean everything within 2 minutes.
    Wow ... didn't know circle line so the good neh ...
    OMG, Japan got machine tt can suck dead bodies under 2 minutes?!?!!

  7. #7
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    Quote Originally Posted by cheerful
    Wow ... didn't know circle line so the good neh ...
    OMG, Japan got machine tt can suck dead bodies under 2 minutes?!?!!
    Japan's suicide rate is high, and i guess that's the easiest shall die way. It must be really gross to collect the bodies from the machine. (machiam like carcasses)

  8. #8
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    Quote Originally Posted by shespawn
    Japan's suicide rate is high, and i guess that's the easiest shall die way. It must be really gross to collect the bodies from the machine. (machiam like carcasses)
    That is why SMRT building platform door at some MRT stations. maybe they did a survey and found that sucidal rate high at those MRT stations

    http://sammyboy.com/showthread.php?p=288782

  9. #9
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    2 minutes is just a joke lah. My friend said he has seen that a black-color special train come in to the track to do some automatic clean up.

    If it happens to the bullet train ... could take 1 hour to resume service:

    http://socyberty.com/society/shinkansen-suicides/


  10. #10
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    hahaaa..... thot the japs are always v efficient mah ... so cld be for real (under 2 mins)


  11. #11
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    yes, many hotel 81 at DBR... many china mei mei also doing business there, good location, the next gaylang.

    Quote Originally Posted by tanumy
    Than in that case should the one near east which is called double bay residence at simei mrt. Great location n upside. Beside singapore 4th uni and changi business park and tourist hotel too.

  12. #12
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    Quote Originally Posted by noblebaby
    yes, many hotel 81 at DBR... many china mei mei also doing business there, good location, the next gaylang.
    Which hotel 81 is in Simei?? Please indicate....

  13. #13
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    noblebaby it seems u are total stranger to singapore and know nothing. Pls gather ur facts properly and pass comments accordingly.


    Quote Originally Posted by noblebaby
    yes, many hotel 81 at DBR... many china mei mei also doing business there, good location, the next gaylang.

  14. #14
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    Quote Originally Posted by Daniel Foo
    That is why SMRT building platform door at some MRT stations. maybe they did a survey and found that sucidal rate high at those MRT stations

    http://sammyboy.com/showthread.php?p=288782

    LOL. Daniel, now we know where you been surfing. You from SB Tiko club?

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