Circle Line MRT stations boosts HDB prices by 10%

The prices of HDB flats near 12 Circle Line stations, which are due to open on 9 October, have increased, according to property agents.

The report highlighted that prices of three-room flats close to Holland Village station climbed around 10 percent compared to last year, reflecting an increase of as much as S$440,000, reports Yahoo News.

Meanwhile, a five-room high-floor flat in Telok Blangah was recently sold at S$810,000. A comparable unit further away was said to be priced at around S$110,000 less.

Similarly, rental rates also rose by 10 to 20 percent. Thus, a four-room flat could have a monthly rent of between S$2,500 and $S2,800.

Cash-Over-Valuation for resale transactions have also increased by 10 to 20 percent in locations close to the stations.