PropertyGuru Expert Blogs - How the URA’s Masterplan 2013 Will Affect the Property Market: "As part of efforts to improve the public transportation system, by 2030 the rail network will double to 360km, and 80 percent of all homes will be within a 10-minute walk to an MRT station.
Traditionally, homes near to an MRT station will usually be able to command a premium to less well-connected homes. But if 80 percent of homes are within a 10-minute walk to the MRT, will this premium still exist?
I believe being near to an MRT station will eventually become less important to which MRT station and line you are near to. Homes near MRT interchanges (where two or more lines cross) will likely command a larger premium. Homes near MRT stations on lines with key business hubs (e.g. the East-West line which has connectivity to the hubs of Jurong, the CBD, Kampong Bugis, Paya Lebar and Tampines) will have better prices and rentals versus other lines which may require multiple transits to get to the key hubs."
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