ACS (Primary) move may be boost for Tengah properties

Analysts expect higher demand, especially for homes near new school

- Michelle Ng

The relocation of Anglo-Chinese School Primary) from its current Barker Road campus in Newton to Tengah in 2030 will likely boost interest in upcoming homes in the new town, said property analysts.

They believe that future BuildTo-Order BTO) projects in Tengah will see an increase in applicants, particularly for those located within 2km of the new ACS Primary). Two upcoming executive condominium EC) projects in Bukit Batok West, which fall within 1km of the school, are expected to see higher demand as well.

Announcing the relocation on Thursday, the Ministry of Education said the new ACS Primary) will also accept girls for the first time from 2030.

Properties near popular primary schools are often highly sought after by both home owners and investors hoping to rent out their units, as priority admission is given to those who live nearer to the schools.

OrangeTee Tie senior vice-president of research and analytics Christine Sun said properties near popular schools can draw a price premium of up to 15 per cent, and their prices tend to rise faster than those of others in the same district, based on transaction data from recent years.