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how will the ever changing mrt transport system change the values of our estates?
http://myblogisadiary.files.wordpress.com/2010/06/speculativemrt.jpg (http://myblogisadiary.files.wordpress.com/2010/06/speculativemrt.jpg)
how will the ever changing mrt transport system change the values of our estates?
FALLS!!!! Cause SGP is sinking!!!! :p Your map is cool
Gap between OCR vs RCR will narrow for sure.......
Pardon my ignorance,.... is this map valid?
Seen this many times. Confirm fake
Gap between OCR vs RCR will narrow for sure.......
Though MRT is a very convenience transport system, but the time spend in travelling from OCR and RCR is difference. For eg. 2 people travel at the same time to Suntec City, one from Yishun and the other from Kallang, who will reach first?
$2000 psf is the new norm for OCR near MRT...
Jonathan0503
01-09-11, 13:05
$2000 psf is the new norm for OCR near MRT...
Then what is the norm for CCR near MRT now?
$2000 psf is the new norm for OCR near MRT...
If COE for Cat A hits $100k for a few months, ERPs go up to minimum $3 per pass, taxi charges go up to $30 for short trips during off peak, this is v possible. OCR prices r linked to our public transport cost n efficiency, n both r getting worse by e day.
If COE for Cat A hits $100k for a few months, ERPs go up to minimum $3 per pass, taxi charges go up to $30 for short trips during off peak, this is v possible. OCR prices r linked to our public transport cost n efficiency, n both r getting worse by e day.
and all these happening while wage growth stagnates? Can't see a better recipe for disaster.:doh:
and all these happening while wage growth stagnates? Can't see a better recipe for disaster.:doh:
IF.... which means, unlikely now.
Then what is the norm for CCR near MRT now?Anything from $3500 psf to $5000 psf? I was talking about the OCR prices in future after all the mrt line is completed, not now! :o
I think eventually, Singapore will be like Tokyo or Hong Kong - you can hardly find any place not connected by train stations. Buying a property near the MRT station may not necessarily have competitive advantage.
At the end of the day, the proximity of that particular MRT station to city centre/shopping belts will determine the popularity of the district and the value of nearby properties.
In the meantime, the construction sites of MRT stations will continue to be a big inconvenience to residents for at least a few years. Owners of properties in those areas will find it difficult to sell or rent out their flats.
I think eventually, Singapore will be like Tokyo or Hong Kong - you can hardly find any place not connected by train stations. Buying a property near the MRT station may not necessarily have competitive advantage.
At the end of the day, the proximity of that particular MRT station to city centre/shopping belts will determine the popularity of the district and the value of nearby properties.
In the meantime, the construction sites of MRT stations will continue to be a big inconvenience to residents for at least a few years. Owners of properties in those areas will find it difficult to sell or rent out their flats.
difficult to rent Yes, difficult to sell No.
Though MRT is a very convenience transport system, but the time spend in travelling from OCR and RCR is difference. For eg. 2 people travel at the same time to Suntec City, one from Yishun and the other from Kallang, who will reach first?
who goes suntec? for PC show?
How about Orchard road? One from Yishun and another from Kallang.
The difference is probably not much.
I don't think it is just the location. Which line is very impt. Especially some of the new lines interchange like dohby gaunt has to walk very far.
The older NS/EW lines are the most useful lines. Good interchange, and very useful stations like Orchard, sommerset, cityhall, raffles place.
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