5 Factors : Why Singapore’s Property Market Is A Good Hedge Against Inflation
As inflation becomes a growing concern for investors worldwide, the stability of Singapore's property market has become an attractive option...
Read More
TLDR
Parents often seek homes within 1km of desired primary schools to increase enrollment chances. Consider oversubscription rates and population density. Properties near popular schools like Anglo-Chinese School (Junior) and Anglo-Chinese School (Primary) have seen price increases. Fairfield Methodist School (Primary) area lacks residential developments, leading to high property prices. Raffles Girls’ Primary School and Singapore Chinese Girls’ Primary School have also experienced price surges due to demand. Consider resale options for affordability. Strategic real estate advice and data-driven approach can guide buyers and sellers through the property market.
Parents are often willing to pay a premium to purchase a property near a sought-after primary school, with the goal of enhancing their children’s odds of getting into the school. The reason being, those who are geographically nearer to the school are given priority in the enrollment process.
Discover the Significance of Residing Within 1km of a Primary School
If you have no prior connection or affiliation to the school, you can only apply during Phase 2C during the annual Primary 1 registration. Priority admission is given to Singapore Citizens (SCs) and Permanent Residents (PRs) living closest to the school based on the home-school distance (HSD). SCs living within 1km, between 1km and 2km, and outside 2km of the school; and PRs living within 1km, between 1km and 2km, and outside 2km of the school are given the priority admission. Therefore, if you want your child to get enrolled in a particular school, you should purchase a home within 1km radius of the school. However, your distance relative to the school and past application rates should not be the only factors to consider.
Application rates and population density
Although the slogan “every school a good school” may be true, certain schools are in more demand than others. For example, almost 50% of primary schools experienced oversubscription in Phase 2C of the Primary One registration last year, with 88 out of 181 primary schools receiving more applications than they had vacancies. To improve the odds of your child getting a place in a desired school, you may want to look into schools located in less crowded neighbourhoods; since there are fewer kids in the area, there’s a higher likelihood of being accepted.
Popular primary schools located in less densely populated areas, and the properties nearby
We have shortlisted popular primary schools that meet two conditions: oversubscribed in Phase 2C of the 2022 P1 registration with Singaporean children within a 1km radius having to ballot, and located in a less populated area. To get an idea of how many kids are in the respective 1km radius of the schools, we looked at the population data from Singapore Land Authority and Department of Statistics. We narrowed our focus on the population of children aged 0-4, as these children will be in the 2-6 year old group when the next P1 registrations come around. It should be noted, however, that population data should only be taken as an estimation of the density of the areas surrounding these schools, as some planning subzones only have a small part within 1km, and kids in this age group may have moved to another area before starting primary school.
Anglo-Chinese School (Junior)
Condo prices within 1km
Nestled at Winstedt Road, ACS (Junior) is embraced by a variety of private residential dwellings. For the last 15 years, condo prices around 1km from the school have surged by 87.28%. As of August 2nd, new launch condos are recording an average of S$3,041 psf in 2021, catalyzed by The Atelier and Pullman Residences Newton’s successful transactions.
New launch condos within 1km of ACS (Junior) include:
For parents who are looking for an affordable home near ACS (Junior), purchasing a resale condo may be a great option, with prices currently averaging S$2,165 psf. Even with the relocation of ACS (Primary) to Tengah in 2039, the prime location of ACS (Junior) should continue to attract attention and maintain a desirable property value in the area.
Anglo-Chinese School (Primary)
Condo prices within 1km
Properties within 1km of Anglo-Chinese School (Primary) situated in the private residential area in Novena have also risen 90% in the past 15 years, with average prices currently hovering around S$2,891 psf – much like the newly launched condos close to ACS (Junior).
New launch condos within 1km of ACS (Primary) include:
In contrast, the prices of resale condos near the school stand at a rather high S$2,269 psf, so we do not believe the transition of the school to Tengah in 2030 will have a dramatic effect on property prices here.
Fairfield Methodist School (Primary)
Condo prices within 1km
Unlike the other educational institutions featured, the closest developments to Fairfield Methodist School (Primary) are mainly school compounds, such as ACS Independent and NUS, as well as one-north tech hub. This means there is a distinct lack of residential dwellings in the vicinity, leading to soaring property prices over the past 15 years, with prices jumping 143.14%. On 2 August, condo prices in the area hovered around an average of S$2,440 psf, with the opening of Blossoms by the Park further fuelling the appreciation.
New launch condos within 1km of Fairfield Methodist School (Primary) include:
Meanwhile, resale condo prices are averaging S$1,469 psf.
Raffles Girls’ Primary School
Condo prices within 1km
Raffles Girls’ Primary School, located in an area of lower population density, is another beloved primary school. In comparison to the other schools featured, there is a greater concentration of landed properties within one kilometer of RGPS. Additionally, as there have been no new launches in the region, the condo prices within one kilometer of the school have only increased a modest 49.53%, compared to those near the other featured popular schools. 99.co Researcher data reveals no sale transactions within one kilometer of RGPS this year, while the new launch prices averaged S$2,572 psf in 2022. On the other hand, resale condo prices are currently averaging S$1,842 psf, as of August 2.
However, parents keen on enrolling their girls in RGPS can look forward to two upcoming new launch condos within 1km:
Singapore Chinese Girls’ Primary School
Condo prices within 1km
Singapore Chinese Girls’ Primary School (SCGS) in the private residential area of Bukit Timah is another popular primary school that has seen a steep rise in nearby condominium prices over the past 15 years. This is due to the opening of the nearby Stevens MRT, as well as the presence of other quality schools in the area. In fact, the average price of new condos within 1km of SCGS this year is a staggering S$3,251 psf – an increase of 117.40%! The majority of sales are from Perfect Ten, further strengthening the appeal of the neighbourhood.
New launch condos within 1km of SCGS (Primary) include:
Meanwhile, condo resale prices are lower at S$2,357.
Should You Buy, Sell or Wait?
If you’re reading this, you must be trying to figure out the best course of action right now: is it the right time to buy or sell?
It’s difficult to give an exact answer since everyone’s situation is unique and what works for one person may not necessarily work for you.
I can bring you a wealth of on-the-ground experience and a data-driven approach to provide clarity and direction. From beginners to experienced investors, our top-down, objective approach will help you on your real estate journey.
I can help you by:
- Offering Strategic Real Estate Advice – I can help create a comprehensive plan to guide you through your property journey.
- Connecting Your Home with the Perfect Buyers – Through stunning visuals, an effective communication strategy, and an in-depth knowledge of the market, we’ll ensure your home is presented in the best possible way to fulfill your goals.
You May Also Like …
Top 5 : What I Wish I Had Known about Property
The world of real estate is a complex and dynamic field, filled with opportunities and challenges. It's a realm where...
Read More
When Is the Right Time to Sell Your House?
TLDR When deciding to sell your house in Singapore's competitive real estate market, timing is crucial. Selling during a seller's...
Read More
The Uncomfortable Truth About Homeownership and Relationships in Singapore
TLDR Property ownership and prenuptial agreements are key for married couples in Singapore. Joint ownership (either joint tenancy or tenancy-in-common)...
Read More
What Is Cash Over Valuation in HDB (COV)
TLDR Cash Over Valuation (COV) in HDB resale flats occurs when the purchase price exceeds HDB's valuation. COV cannot be...
Read More
Top 5 Places to Buy Local Art in Singapore
Singapore, a melting pot of cultures and traditions, is not only known for its breathtaking cityscape, delectable food, and shopping...
Read More
Top 5 Street Food Markets in Singapore
Singapore, a melting pot of diverse cultures, offers an incredible array of street food that tantalizes the taste buds of...
Read More
From Garden City to Smart Nation: Singapore’s Top 5 Goals Building a Sustainable and Livable City
Singapore is a small island city-state with a population of over 5 million people. Its urban landscape is constantly evolving,...
Read More
When Should You Consider a Shorter/Longer Home Tenure?
TLDR Understanding the benefits of long-term home loans is crucial for financially conservative individuals in Singapore. Opting for a longer...
Read More
5 Singapore Property Trends to Watch in 2023: Expert Weigh In
5 Singapore Property Trends to Watch in 2023: Expert Weigh In Top 5 Singapore Property Trends to Watch in 2023...
Read More
The Ultimate Checklist for Work-From-Home Homebuyers in Singapore: Beyond the Basics
TLDR Remote work has changed what makes an ideal home—buyers now need to prioritize productivity and well-being alongside location and...
Read More
What Role Does Property Valuation Play In The Real Estate Industry, And Why Is It Important?
TLDR When it comes to property valuation, understanding the process is crucial for both buyers and sellers. Property valuations can...
Read More
Top 5 Factors to Look for in a Property Developer
With a highly competitive property market, it's crucial to choose a property developer that you can trust to deliver quality...
Read More
Singapore Decoupling Guide
TLDR Decoupling in Singapore's real estate refers to the process of separating property ownership to avoid Additional Buyer's Stamp Duty...
Read More
Singapore Property Investing: Is It Better To Flip Or Hold?
Investing in Singapore property can be a profitable venture, but investors must choose the right strategy to maximize their returns....
Read More
Should You Splash Your Cash on a Condo Despite the Sky-High PSF?
TLDR The blog post discusses various aspects of investing in condos in Singapore, covering topics such as leasehold versus freehold...
Read More
5 Reasons Why Districts 9 and 10 are the Next Big Thing in Singapore Real Estate
Singapore is renowned for its thriving real estate market, with many desirable neighborhoods and top-notch properties. However, when it comes...
Read More
NUS Real Estate Survey Reveals Growing Optimism Among Industry Leaders
TLDR A recent survey by the National University of Singapore (NUS) highlights increasing optimism among real estate industry leaders. The...
Read More
6 Compelling Reasons Why 3-Bedroom Condos Might Shrink Further
TLDR Three-bedroom units in Singapore have significantly downsized from 1,700-1,800 sq. ft. in the 1980s to around 1,000 sq. ft....
Read More
5 Tips : How To Spot A Good Investment Opportunity In Singapore’s Property Market
Singapore's property market offers a plethora of investment opportunities for both local and foreign investors. To spot a good investment...
Read More
