Residential projects within 500m radius of the new stations are set to enjoy a huge gain in home prices. They include projects like The Calrose, Far Horizon Gardens, Thomson Grove which are right next to the future Lentor MRT station. The Gardens at Bishan and the Faber Garden Condominiums are similarly right smack besides the upcoming Sin Ming MRT station. Some projects in the city will have even more accessibility. The Equatorial will be right next to Stevens MRT station, while owners of The Trillium, The Cosmopolitan and Yong An Park will rejoice now that the Great World MRT will be right smack besides them. In general, if the development is on a 99 year lease, they should be less than 10 years old to enjoy capital appreciation. However, with the current inflationary pressure and land shortage, land prices might not drop even if they are older 10 years on. Throw in the current economic doldrum however, prices might indeed suffer a drop. It has been advised that the best time to buy a unit next to an MRT could be a year or two before the station opens as this anticipates the larger price gain that typically happen only after the station is opened.
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