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Outside noise could affect home prices
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A view from Block 409 Tampines Street 41 overlooking the East-West MRT line. From a sample of 39 Housing Board flats in five locations sold between 2017 and this year, the transacted prices of units that directly faced noisy roads or MRT tracks were found to be generally lower by up to 22 per cent.
ST PHOTO: DESMOND WEE
Yuen Sin, Joyce Lim
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Living close to major transport nodes may appear to be a boon, but flats that face above-ground MRT tracks or expressways could be disadvantaged in the resale market due to the noise.
With the help of property agency ERA Realty, The Sunday Times analysed a sample of 39 Housing Board flats in five locations - Pasir Ris, Marine Parade, Sembawang, Simei, Tampines - put up for sale between 2017 and this year. The transacted prices of units that directly faced noisy roads or MRT tracks were found to be generally lower by up to 22 per cent.
