Are Bukit Panjang Properties Worth Investing?

If you are considering investing in a property in Bukit Panjang, there are a few things you should keep in mind. First, properties in Bukit Panjang are generally priced under market value. Second, resale properties in this area are usually slightly above market value. Third, properties located close to a train station command a premium price.

Property clusters in Bukit Panjang are undervalued

Property in Bukit Panjang has undervalued prices compared to the surrounding areas. While there are a number of factors that affect unit prices, one of them is the GCB cluster. The Zion Road Condo clusters are considered valuable assets in a land-scarce country such as Singapore.

The district has a mix of landed and private residential properties. It has a wide variety of hospitals and medical services, making it a good place to live. The average landed home in this district is $708,000, while the average price of cluster homes in the same area is $797,407.

However, it is important to note that a new launch can push up prices. A new launch at Hillview could fetch up to $1,500psf, but a resale unit in Mayspring may command a lower price. As such, the New to Resale Price Gap was too wide and could be narrowed.

resale properties Tengah Plantation Close EC in the CBD are priced slightly above market value

There are a number of factors that go into estimating market value for resale properties in the CBD. While a simple comparison of similar properties can help you estimate market value, the psychology of buyers is also an important factor. If a buyer is desperate to purchase a property, they will be more willing to pay more than those who are not in a hurry to sell.

resale properties near a train station command a premium

Resale properties near a train station in the Bukit Panjang area command a premium in comparison to those further away. According to HDB data, flats that are within 500 meters of an MRT station command an 8% premium. However, the premiums vary widely between neighbourhoods. For example, resale properties near the train station in Bukit Panjang command up to 40% more than those in Geylang. However, despite the high premium, buyers still prefer flats located in central areas.

The demand for resale properties near a bus interchange or train station is particularly high, with units near train stations commanding as much as S$1,500 per square foot. Analysts are expecting strong demand for homes in mixed developments that incorporate shopping malls. In addition, home prices in mixed developments are usually comparable to those in nearby condominiums.