It was a controversial question to tackle, as on one hand, it would mean better opportunity, however on the other hand to some people would mean one estate might be subjected to the school noise and the school crowd.
From the MOE website this is the current priority order granted to students applying to primary schools:
- Singapore Citizens (SC) living within 1km of the school.
- SCs living between 1km and 2km of the school.
- SCs living outside 2km of the school.
- Permanent Residents (PR) living within 1km of the school.
- PRs living between 1km and 2km of the school.
- PRs living outside 2km of the school.
Hence this golden "1km" rule became a factor when it comes to finding a property in Singapore to homeowners.
An insert from AsiaOne shares:
Location, Location, Location. Is always the thing that's been thrown around when it comes to new launches. On top of proximity to public transport and MRT stations lies the 2nd factor that brings about not just lifestyle elevation but also an appreciation factor that is much overlooked. The effects of schools on property prices aren't much tackled, as these are more prevalent to homestayers. Staying within 1km to a good school would mean that your children would be in a better environment and also have better opportunities, thus a better future. This was being mentioned in the news as this phenomenon is not only happening in Singapore. This factor, however, would only come into play IF primary school is amongst the priority of the home buyers.
an insert from Straits Times shares:
I think at the end of the day, one should ask themselves if this is a needed factor. To some homeowners, they want the best schools for their children. To investors, they might see this being a factor to priced in a premium to future owners and people who want to secure a location near a good school to gain admission. So at the end of the day I'd have to ask you the question: "so what do you want?"
Are you a growing and expanding family? Have plans to have a child or two in the near foreseeable future? Do you currently have a child who's going to "enter" into primary school soon?
If yes, being near a school is a priority.
There's no perfect property that checks all the boxes, but knowing our priority and premium gives us the clarity to make better decisions! Feel free to reach out if you'll like to discuss more.