By Kevin Goh, property consultant

In today’s urbanized world, access to efficient public transportation is more than just a convenience—it’s a key factor driving your real estate value.

Homes located near public transit hubs, such as MRT, LRT, or Transit-Oriented Developments (TOD), consistently demonstrate higher price appreciation and stronger rental returns compared to properties in less-connected areas. This phenomenon is supported by a wealth of data or case studies from many cities.

The Residential Value of Proximity to Transit Hubs

A 2021 study by the Urban Land Institute found that residential properties within a 1-kilometer radius of MRT or LRT station in Singapore commanded an average price premium of 10-15% over properties farther away. This premium reflects the desirability of shorter commutes and better connectivity.

Similarly, in Taipei, properties near MRT lines have seen steady price growth over the past decade. A 2019 report by Colliers International revealed apartments located within 500 meters of MRT stations experienced a price appreciation of nearly 30% over five years, compared to an average citywide growth of 18%.

New York City provides another compelling example. A study by the Regional Plan Association showed properties within walking distance of subway stations saw price increase averaging 2-4% higher annually than those farther away.