Coco Palms is located within a 1km radius of Overseas Family School. (Photo: CDL)It is often assumed that a nearby international school will add to the rental appeal of a residential property and, hence, give a boost to monthly rent and demand from tenants.In this article, we will examine the rent and number of rental transactions for condominiums near international schools to determine if this assumption holds true.MethodologyThe international schools featured in this article have been selected
tie for first place with the highest rent of $4.0 psf per month. However, Woodhaven accounts for 68.9% of the rental transactions over the last 12 months.has the highest monthly rent as well as the most rental transactions . It is notable that a condominium further from the school is fetching a higher average rent and has more rental transactions than the developments nearer to the school.
Woodhaven and Parc Rosewood have the highest rent and the most number of rental transactions compared to other condominiums in their respective groups. Both developments are also located in district 25. The nearest MRT station is the inactive Elias MRT Station on the Cross Island Line. Pasir Ris MRT Station is the nearest operational station, but it is more than 1km away. The school is also located opposite Elias Mall.
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