In this Stacked Pro breakdown:
- We examined how proximity to light industrial zones affects condo performance in Yishun and Bishan.
- Some developments near these areas defied expectations over a 10-year period.
- The data points to surprising patterns in value and demand — especially for investors.
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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:
1 Comments
seriously? need to pay?