[intro]
And.. It is a map!
<heading in case not interactive> (Simply click on the picture, and magical things will happen!)
[Interactive map]
A Map?
We know, we know, we know… much like Harry Potter, when he was gifted the Marauder’s map, your first thought is: “a map? what’s this rubbish”. But really, much like the Marauder’s map, our MRT rental map holds many a hidden treasure 🙂
While it may simply look like just another MRT rental map on first sight, upon second glance you will see that all MRT/LRT stations are substituted with rental prices. (hover over the map with your mouse to switch between station name and average surrounding rental prices).
So, what’s this good for?
Everyone intuitively already knows the first law of real estate; that is, the closer you are to the the centre the higher your property value, and by that the higher your rent will be. What the map does is clarify this general trend by placing specific numbers to each and every MRT station. This way you can know precisely which locations are and which are not within your monthly rental budget.
Property Price Hack
So with all this information how can we get the best value for our money? The thing is that prices between one station and the next may differ considerably. The price for a 3 bedroom condo around the MRT station of Hougang is $3000, while the prices around Kovan, just one stop away, average out to $3700. If you were in the market for an apartment in these surroundings you can save $700 by moving just one station away from the centre.
Similarly, when you glance over at the stations of Buangkok, Senggol, Punggol, and also the LRT fringe stations of Oasis and Coral Edge, the average prices around are $2800 for a 3 room condo. If one of your main objectives in the search for a new home is to live closer to the centre of town, then it makes little sense to go for the latter stations when Buangkok is both closer and equally expensive.
Best. Present. Ever
So, if location matters to you, then the map allows you to see which distances have vast price discrepancies and which do not. Time to explore!
Check out other rental related articles here: Common problems when living with the landlord or other house mates and Singapore is top spot for expatriates: HSBC survey
Find the rental home of your dreams today at Singapore’s largest property portal 99.co!
About Marouan Fatti
Looking to sell your property?
Whether your HDB apartment is reaching the end of its Minimum Occupation Period (MOP) or your condo has crossed its Seller Stamp Duty (SSD) window, it is always good to know how much you can potentially gain if you were to list and sell your property. Not only that, you’ll also need to know whether your gains would allow you to right-size to the dream home in the neighbourhood you and your family have been eyeing.
One easy way is to send us a request for a credible and trusted property consultant to reach out to you.
Alternatively, you can jump onto 99.co’s Property Value Tool to get an estimate for free.
If you’re looking for your dream home, be it as a first-time or seasoned homebuyer or seller – say, to upgrade or right-size – you will find it on Singapore’s fastest-growing property portal 99.co.
Meanwhile, if you have an interesting property-related story to share with us, drop us a message here — and we’ll review it and get back to you.
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