Near MRT stations: Woodleigh MRT

District: D13 - MacPherson/ Potong Pasir

Myra Condo Near Potong Pasir Mrt

Myra is a condominium development located along 9 Meyappa Chettiar Road 358456 Singapore District 13. Expected completion 2023. View details at buycondo.sg

Quick Facts About Myra

Address: 9 Meyappa Chettiar Road, Singapore 358456
Tenure: Freehold
Total Units: 85
Developer: SeventyTwo Development Pte Ltd
TOP Date: 2024
Current Price Range: $1,658,000 to $2,836,000 ($2,142 to $2,486 psf)

Luxurious Facilities at Myra

Wellness Facilities

Lifestyle Amenities

Myra Virtual Showroom

Condos Near Myra Condo

Surrounding Amenities

Shopping & Retail (Within 1km)

1. The Poiz Centre (300m)
2. Potong Pasir Community Club (400m)
3. NEX Shopping Mall (1.5km)
4. City Square Mall (2km)

Dining Options

Educational Institutions

Transportation Connectivity

MRT Stations

Potong Pasir MRT (NE10) – 3 minutes walk
Woodleigh MRT (NE11) – 12 minutes walk
Boon Keng MRT (NE9) – 15 minutes walk

Bus Services

Investment Potential

Rental Market Analysis

Future Developments

1. Bidadari Estate Development
2. Woodleigh Mall (Upcoming)
3. Potong Pasir Avenue 1 Commercial Hub
4. North-South Corridor (2026/27)

Unique Selling Points

1. Freehold Status
2. Prime District 13 Location
3. Walking Distance to MRT
4. Quality Finishes
5. Low Density Development
6. Proximity to Schools

Conclusion

Myra stands out as a boutique freehold development in a rapidly developing neighborhood. Its strategic location, comprehensive facilities, and proximity to amenities make it an attractive option for both homeowners and investors. The surrounding area’s ongoing development and infrastructure improvements suggest strong potential for capital appreciation.

Note: All prices and information are accurate as of December 2024. Current prices and availability subject to changes. Just based on Indications and Estimates.

Condo prices near MRT vs those further away

Key Price Differences by Region

1. Core Central Region (CCR)

• Near MRT (≤500m): S$3,200 psf
• Far from MRT (>500m): S$2,800 psf
• Price Premium: 14.3%
• Rental Premium: 15%

2. Rest of Central Region (RCR)

• Near MRT (≤500m): S$2,400 psf
• Far from MRT (>500m): S$2,000 psf
• Price Premium: 20.0%
• Rental Premium: 18%

3. Outside Central Region (OCR)

• Near MRT (≤500m): S$1,900 psf
• Far from MRT (>500m): S$1,600 psf
• Price Premium: 18.8%
• Rental Premium: 20%

Key Observations Price Premium Properties within 500m of MRT stations consistently command a premium

The highest premium is observed in RCR at 20%

Even in the CCR, MRT proximity adds 14.3% to property values

Rental Yields Near MRT properties generally offer higher rental yields. OCR properties show the highest rental yields (3.8% near MRT)

The rental yield difference is approximately 0.4-0.6% higher for MRT-proximate properties.

Price Appreciation OCR properties show the highest annual appreciation rates (5-7%).

CCR properties show more stable but lower appreciation (3-5%)

MRT proximity generally contributes to better capital appreciation

Additional Considerations Convenience Factor Properties near MRT stations typically have better access to amenities Higher tenant demand for MRT-proximate properties Better resale potential in the long term Trade-offs Higher initial investment required for MRT-proximate properties Potentially more noise and human traffic Some units might face privacy issues if directly facing MRT tracks.

Monthly Cost Savings if You Own a Condo Near MRT

🚗 Car Ownership Costs (Monthly)

1. Fixed Costs
   • Loan Payment: $1,350 (Based on $100k loan, 7-year tenure)
   • Insurance: $250
   • Road Tax: $100
2. Variable Costs
   • Petrol: $400 (Based on average 50km/day)
   • Parking: $400 (HDB + CBD office)
   • Maintenance: $200
   • ERP: $150
   • Miscellaneous: $50

Total Monthly Car Cost: $2,900

🚇 Public Transport Costs (Monthly)

1. Fixed Costs
   • Monthly Concession Pass: $128
2. Variable Costs
   • Grab/Taxi (Occasional): $200
   • Weekend Transport: $100
   • Late Night Transport: $50
   • Miscellaneous: $20

Total Monthly Public Transport Cost: $498

💰 Cost Savings Analysis

• Monthly Savings: $2,402
• Annual Savings: $28,824
• 5-Year Savings: $144,120

Key Observations:

1. Cost Difference: Car ownership costs approximately 5.8 times more than public transport
2. Hidden Benefits of Public Transport:
   • No maintenance worries
   • No parking hassles
   • Can use travel time productively (reading, working)
   • Environmentally friendly
3. Hidden Benefits of Car Ownership:
   • Convenience and flexibility
   • Time savings during off-peak
   • Comfort during weather extremes
   • Easier for family travel
   • Good for elderly/children

Factors to Consider:

1. Location Impact
   • Distance from MRT/bus stops
   • Frequency of public transport
   • ERP zones in daily route
   • Parking rates in frequent destinations
2. Lifestyle Factors
   • Working hours (regular vs irregular)
   • Family needs (children, elderly)
   • Weekend activities
   • Shopping habits
3. Financial Considerations
   • Initial down payment for car
   • Long-term maintenance costs
   • Resale value
   • The opportunity cost of investment