Properties close to Thomson Line MRT stations reaping benefits

Properties located close to upcoming Thomson Line MRT stations are enjoying greater interest from potential buyers.

A condominium project at Rosewood Drive in Woodlands saw sales almost double a week after the announcement of the new MRT line.

Some property analysts say noise from the construction of the new line could have downward pressure on the prices, but it should not be a problem in the long term.

Executive group division director of ERA Realty Network Mark Teo said: “Those who buy the flats are often longer-term investors, whereas residents will only be affected by the construction noise in the short term.

“I believe investors will still be interested, given the close proximity to the new MRT station.

Source : Channel NewsAsia – 7 Sep 2012