Outside noise could affect home prices

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
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
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Updated
Nov 27, 2019, 11:14 PM
Published
Oct 27, 2019, 05:00 AM
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However, there will be some bargain hunters.

Ms Phua is currently selling a one-bedder facing the TPE at $638,000. Units that are not facing the TPE are priced between $650,000 and $660,000. For bigger units, the price difference can be up to $100,000, said Ms Phua.

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A version of this article appeared in the print edition of The Sunday Times on October 27, 2019, with the headline Outside noise could affect home prices. Subscribe

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