One of the biggest concerns among home buyers is school proximity. Even if you don’t have children yourself, it’s well known that schools are part of the “secret sauce”, when it comes to future appreciation. Now that the Ministry of Education (MOE) has announced changes to the home-school distance (HSD), some condos may be much closer in enrolment range; and some rare few are further. Here’s what you need to know:
What’s the relevance of school proximity?
When enrolling children in a school, those who live within one kilometre have a better chance of success. To oversimplify a little:
First priority of placement goes to children who already have an older sibling, in the same school. If, after this, the school is oversubscribed, then those living within one kilometre will have a greater chance of success.
After this, those living within two kilometers have priority; but the odds of getting in are quite slim at that point.