We’ve come a long way in the past two decades, and so has the Singapore transport system. There are more MRT stations and train lines now; and that in turn would have affected some condos. In the past, it was much easier to conclude that just by being near an MRT station, your condo would cost more and would appreciate better; but is that true today? We took a look at some data, and found out the answer is no longer as clear-cut:
Looking at different condos and their MRT ranges
We compared the average resale price per square foot (psf) of selected condominiums in 2014/2015 to their average psf in 2023/2024. Our selection included properties both near MRT stations and farther away, ensuring a well-rounded comparison.
For the first point of comparison, we looked at condos close and far from Kovan MRT station:...