SINGAPORE – With the all-too-frequent MRT train disruptions lately, property agents say that the once oft-used benefit of properties “near MRT station” no longer works when it comes to marketing properties in Singapore.
Some agents say it may even backfire.
Properties near MRT stations are typically more sought after, and in fact, commands a price premium over properties that are located further away from stations.
However, with the frequent train disruptions, this advantage seems to have diminished somewhat.
An agent we spoke to claims that on one occasion, a buyer even ridiculed her for using the term “near MRT” during a period of persistent train disruptions.
Agents say they are more careful now when they use the term “near MRT” to sell their properties. Some even drop this phrase entirely and focus on other benefits of the properties.
The past week has seen multiple train delays practically every day – along the East-West Line, North-South Line and Circle Line.
The MRT has also suffered two major incidents in the past two months.
First, the North-South Line was disrupted for practically an entire day on Oct 7 due to a flooded MRT tunnel and trackside fire.
Then, just yesterday (Nov 15), an MRT train collides with a stationary train at Joo Koon station, injuring 29 people on board.