Why it pays to invest in a place near a popular school

A glimpse of how distance-based balloting in P1 registration could be impacting the property market.

Prospective buyers at the Kopar at Newton show flat last year. The condo is near Anglo-Chinese School (Junior).
Prospective buyers at the Kopar at Newton show flat last year. The condo is near Anglo-Chinese School (Junior).PHOTO: JOEL CHAN

Properties near popular schools are highly sought after by both investors and parents.

Many parents go to great lengths to secure a place in good schools by renting or paying top dollar for a nearby property. They believe that their chances of getting their children in the school of their choice will go up significantly by moving closer to these schools.

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