Singapore's MRT network impact on surrounding property values is one of the most consistently documented relationships in local real estate research.
The General Premium For MRT Proximity
Residential properties within 500 metres of an MRT station command a premium of 5–15% over comparable properties further away, all other factors held equal. The premium is more pronounced for properties within 200–300 metres. Interchange stations — where multiple lines meet — command the largest premiums of all.
New MRT Lines And Property Price Acceleration
The announcement, planning, and completion stages of new MRT lines each have documented effects on surrounding property values. Typically, the premium begins to materialise once a line is announced and stations are confirmed — sometimes 5–10 years before the line opens. By the time the station actually operates, much of the appreciation has already occurred. This is the dynamic at play with Thomson Reserve's proximity to the upcoming Bright Hill TEL-CRL interchange.
What This Means For Buyers
For any property purchase, checking the LTA's published MRT masterplan — which shows all confirmed future stations and lines — before shortlisting should be a standard step. A development within 500 metres of a planned future station, bought before the line opens, captures the appreciation generated by improved connectivity rather than paying a price that already reflects it.