When it comes to buying real estate, location is crucial. You would not want to live in Lim Chu Kang or in a house that required a 30-minute bus ride to the nearest MRT station. Purchasing a property is a long-term investment that does not tolerate blunders. So don’t reserve an HDB flat in a random place just to discover that it takes 1.5 hours to go to work.
While one person’s concept of a reasonable location may differ from another’s notion of ulu, there are three things that everyone should perform to evaluate the location of potential home acquisition.
Be knowledgeable of current and future transportation options.
Now that the government has cut the rate of automobile growth to 0% and public transportation is less-than-reliable, a handy location is more crucial than ever.
Never buy a property unless you are certain of the current and future transportation linkages.
You want to know how to go to and from work every day, as well as to the city centre and other sites you visit, such as your parents’ house, daycare centre, country club, hidden S&M dungeon, and so on.
Unless you are wealthy enough to purchase property on great land and own a car, it is better to avoid regions that are not within walking distance of MRT stations. The sole exemption is if there are plans to build an MRT station in the region in the future.
Don’t be deceived by the agents’ statements that you can travel to the MRT station in 5 minutes by feeder bus. When you take in waiting and walking time, it’s never only 5 minutes.
Finally, try to set aside one day to commute to and from the property site and your workplace during the hours you normally go to work and leave, simply to see whether this is something you can see yourself doing for the foreseeable future.
Check the distance between the amenities you require.
You want to live in a neighbourhood that has as many of the amenities that you require as feasible. Make a mental note of the exact locations of your most-used amenities and calculate how much time it will take you to get there.
Other than MRT stations and bus stops, essential amenities may include:
- Schools – If you are or want to become a parent. You will be needed to go from your home to your child’s school at least some of the time. You also don’t want your child to have to get up at 4 a.m. to get to school, which is common for students in prestigious schools.
- Childcare – Keep in mind that even if a centre is close to your home, there is no assurance your child will get a spot there.
- The supermarket – Examine not only the physical distance between your house and the nearest grocery but also how you want to get there.
- Shopping centres, libraries, and recreational facilities such as swimming pools – Although new cities are often planned to incorporate such amenities, you should also consider how long it will take you to get there, especially if public transportation is involved.