Home prices in Singapore, whether for new sales, resales or rentals, are determined by the distance from an MRT. Though that is still a factor at Newton, it does not weigh so heavily as in other areas.
Below are median rental home prices from Q1 2017 to date:
Source: URA, PropertyGuru
One reason for this is the small area, where nowhere is particularly far from amenities. Additionally, being next to Newton MRT also means you are near to the large road junction which some won’t see as ideal.
Below are resale and new home prices from Q1 2017 to date.
Source: URA, PropertyGuru
Finally, there is the Orchard Road Factor. The most expensive and sought-after properties may be further from the MRT but closer to Orchard, hence offsetting the price differential.
Can you afford a property in Newton? Check your affordability now. Alternately, refer to our handy buying guides.
