Do international schools give a boost to prices of nearby condos

Tampines Ave 11 Condo Capitaland is a much sought-after development for those who are looking to make a property investment in a top-notch residential area.

Singapore: Resale transactions of condos within a 2km radius of international schools have been examined to determine if the average prices and sales volumes of the condos receive a boost. Care has been taken to select schools that are geographically dispersed; the residential properties examined comprise of condos that have obtained a temporary occupation permit (TOP) with at least five resale transactions in the last 12 months.

Singapore American School and Overseas Family School have both been selected due to their large student populations and well-established status in Singapore. Singapore American School is located along Woodlands Street 41 with nearby amenities including Marsiling MRT Station, Marsiling Mall and Food Centre, as well as the Woodlands Swimming Complex. Within a 1km radius of SAS, there are three condos (618 units). Woodhaven commands the highest average price, while Woodgrove Condominium brings up the rear with an average price range of $896 to $1,218 psf, based on resale transactions over the past 12 months.

Overseas Family School is located opposite Elias Mall along Pasir Ris Heights. There is a total of eight condos (4,413 units) within a 1km radius of OFS. Parents desiring to live within a 1km radius of OFS can expect to pay prices $875 to $1,436 psf for housing. Notably, Coco Palms stands out with both the highest average price and the highest sales volume in the last 12 months (35 transactions).

The Canadian International School has been operating from its Lakeside Campus since its Tanjong Katong Campus closed in June. It has about 3,000 students representing over 70 nations. Within the 1km radius of CIS, there are seven condos (4,429 units), and an additional seven condos (3,931 units) located between 1 to 2km away from CIS. J Gateway holds the distinction of having the highest average resale price and the most resale transactions within their respective proximity groups. The current average price for J Gateway is $1,908 psf, $585 psf higher than leasehold condos in the same district.

Among the seven condos located within a 2km radius of SAS, Parc Rosewood boasts the highest number of resales (29 transactions). Coco Palms and D’Nest hold the distinction of having the highest average resale price and the most resale transactions within their respective proximity groups. Lake Grande and Lakeville share the top position in terms of sales volume, each boasting 26 transactions.

It is noteworthy that average prices and sales volumes of condos within a 2km radius of international schools receive a boost. The appeal of these condos could stem from their close proximity to various amenities and the presence of numerous resale transactions.