How Much Do Industrial Areas Really Impact Condo Prices? A Case Study Of Bishan And Yishun

One of the “property facts” most of us assume without question is “nearby industrial areas = bad.” This is a bit simplistic, since not all industrial areas are the same: smog belching heavy industry is actually kept quite far from residential areas, for example, whilst industry near homes tends to be warehouses, materials vendors, etc. Nonetheless, the idea of avoiding industrial areas persists; so let’s take a look at the real data, showing the real impact on housing: 

Looking at condos near light industrial areas

For this study, we identified two estates where we could find useful points of comparison: these are Yishun and Bishan. Both these neighbourhoods have a sufficient number of condos that are both near and far from light industrial areas, for fair comparison. 

Note that we’ll also be excluding Executive Condominiums (ECs) from our study, as ECs are subsidised at launch and have HDB-like conditions, which would distort the data. 

Here’s a look at the area in Bishan: