Outside noise could affect home prices

Living close to major transport nodes may appear to be a boon, but flats that face above-ground MRT tracks or expressways could be disadvantaged in the resale market due to the noise.

With the help of property agency ERA Realty, The Sunday Times analysed a sample of 39 Housing Board flats in five locations – Pasir Ris, Marine Parade, Sembawang, Simei, Tampines – put up for sale 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.