Property prices for HDB flats around the 12 remaining Circle Line stations, due to open this Saturday, have risen, according to property agents.
They said a three-room flat around Holland Village station now costs 10 per cent more compared to last year, going as high as S$440,000.
Over at Telok Blangah, a five-room high-floor unit recently transacted at S$810,000. A similar unit further away from the station was said to have cost about S$110,000 less.
Rental rates are also not spared – having risen by 10 to 20 per cent. A four-room flat in the same area could range between S$2,500 and S$2,800.
Property agents say the Cash-Over-Valuation (COV) for resale transactions have also gone up by 10 to 20 per cent in the areas near the stations.
Source : Channel NewsAsia – 5 Oct 2011