Nature raises housing prices in Singapore. Is there a Green premium effect?
The Green Premium: Nature raises housing prices
Research also shows that exposure to nature has been linked to a host of benefits, such as the better mental health. For example, forest bathing, which involves slow and mindful walks through a wooded area helps to reduce stress and promotes relaxation.
“ Our analysis of the average resale prices of 99-year leasehold condos near Jurong Lake Gardens, East Coast Park, Rifle Range Nature Park, and Bedok Reservoir Park indicates that resale condos also benefit from being near nature. The combined average resale price of such condos within a 1km radius of these parks is higher than that of their counterparts located within a 2km radius.”
Interesting read with data and comparisons. Pasir Ris 8 condo mentioned here too.
Read more: https://www.edgeprop.sg/property-news/green-premium-nature-raises-housing-prices
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