Finding a balance between your ‘needs’ and ‘wants’ is often a challenge in life for a lot of us, and particularly so in one’s house hunting journey. Heck, if I simply focused on my ‘wants’ in my house hunting pursuit without any consideration for other factors, I’d end up with the Super Penthouse in Wallich Residences to live like James Dyson. But of course, I need to snap out of this crazy dream and back into reality considering I don’t have $73.8 million to own this luxurious apartment.
One of the biggest conflicts young couples and especially parents of little ones may face on their house-hunting journey is deciding on what they need and want in their dream home while also considering their child’s future – specifically tied to their education journey and getting them into the best primary schools.
In this regard, location is of paramount importance as one’s residential address is used to determine the home-school distance category. With the top schools bound to be a popular choice in the Primary One Registration Exercise (PORE), there’s a strong likelihood of application numbers exceeding the number of vacancies during the various phases.
When this situation arises, Singapore Citizens are given absolute priority over Singapore Permanent Residents (PRs) followed by the home-school distance coming into play. Here, vacancies will be allocated on one’s home-school distance in the following order of priority: (1) within a km from the school, (2) between one and two km from the school, and (3) outside two km from the school.
By referencing SRX’s ‘Primary Schools & Property’ page, you can see that properties around the following schools fetch the highest median resale $ PSF:
While the prices at a glance might be a deterrence, you know you’re putting your child in the very best position to get into a top primary school should you reside within a km of your school of choice.
Beyond that, by referencing stats of median resale PSF prices in 2018 around these top schools (you can always trust SRX for the most extensive and accurate stats and figures) – properties around Anglo-Chinese School (Primary) and Gan Eng Seng Primary School standout particularly, as both areas recorded double-digit percentage declines (10.10% and 11.70% respectively) with regard to their $ PSF. By saying that, there’s an opportunity to suss out properties around these school as you might get a more competitive price and potentially reap some financial rewards down the line should you choose to resell the place.
So if you’re looking at your dream home and also a dream school for your child, who says you can’t get the best of both worlds?! Simply head on over to SRX’s ‘Primary Schools & Property’ page, where you can have easy access to the median resale and rental $ PSF of properties around various primary schools in Singapore. Once you have a (or perhaps a few) primary school in mind, simply click on the school in the list and you’ll be directed to nearby properties so you can narrow down your choices of your future dream home!
Source: SRX