Proximity to Nicoll Highway MRT is one of the highest-leverage locational variables in the Singapore property market. MRT-proximity premium reflects daily-commute time savings, integrated with the broader transit network mapped on the LTA MRT system map. Singapore’s North-South, East-West, Circle, Downtown, Thomson-East Coast, and forthcoming Cross Island Line collectively serve approximately 200+ stations.
For private condo buyers in particular, proximity to Nicoll Highway MRT translates to (a) immediate quality-of-life benefit during the holding period, (b) measurable rental-yield uplift via stronger tenant demand, and (c) resale-pricing premium when exiting. The premium magnitude varies: MRT-proximity premium typically runs 5–10% over equivalent units 1km+ away. This private condos shortlist surfaces the developments closest to Nicoll Highway MRT.
The cost framework applies uniformly: private condo buyers face BSD per the IRAS BSD, ABSD per the IRAS ABSD by buyer profile, and SORA-pegged mortgages at ~4.0% all-in via the MAS TDSR explainer framework. Use the stamp duty calculator to size your upfront cost.
- Station: Nicoll Highway (Circle Line)
- Condos within 500m: 7
- Condos within 1km: 25
- Avg PSF nearby: $1,849 psf
Station Overview
Nicoll Highway is a station on the Circle Line. There are 7 condos within walking distance (500m) and 25 within 1km.
Condos Within 500m (Walking Distance)
These condos are within a comfortable 5–7 minute walk of Nicoll Highway MRT.
| Condo | Distance | District | Tenure | Units | Avg PSF |
|---|---|---|---|---|---|
| CONCOURSE SKYLINE | 230m | D7 | 99 yrs lease commencing from 2008 | 360 | $1,961 psf |
| THE PLAZA | 320m | D7 | 99 yrs lease commencing from 1968 | 234 | $1,257 psf |
| CITY GATE | 330m | D7 | 99 yrs lease commencing from 2014 | 311 | $2,052 psf |
| SULTAN GATE PLACE | 360m | D7 | — | 12 | — |
| AUREA | 440m | D7 | 99 yrs lease commencing from 2024 | 188 | $2,899 psf |
| COSTA RHU | 460m | D15 | 99 yrs lease commencing from 1994 | 737 | $1,485 psf |
| KAMPONG GLAM CONSERVATION AREA | 490m | D7 | — | — | — |
Condos Within 500m\u{2013}1km
These condos are within a 10–15 minute walk or short bus ride from Nicoll Highway MRT.
| Condo | Distance | District | Tenure | Avg PSF |
|---|---|---|---|---|
| TEXTILE CENTRE | 520m | D7 | 99 yrs lease commencing from 1970 | $1,108 psf |
| DUO RESIDENCES | 650m | D7 | 99 yrs lease commencing from 2011 | $2,203 psf |
| SOUTHBANK | 740m | D7 | 99 yrs lease commencing from 2006 | $1,828 psf |
| THE 101 | 780m | D7 | — | — |
| MIDTOWN MODERN | 780m | D7 | 99 yrs lease commencing from 2019 | $2,837 psf |
| MIDTOWN BAY | 790m | D7 | 99 yrs lease commencing from 2018 | $3,222 psf |
| TANQUEELAN SUITES | 790m | D7 | 999 yrs lease commencing from 1827 | $1,792 psf |
| HERITAGE PLACE | 820m | D7 | — | — |
| PARKSHORE | 840m | D15 | Freehold | $1,906 psf |
| LIANG SEAH PLACE | 850m | D7 | — | — |
| 75BR | 860m | D7 | — | $1,542 psf |
| HEAP SENG HOUSE | 860m | D7 | — | — |
| BEACH ROAD CONSERVATION AREA | 870m | D7 | — | — |
| SANCTUARY GREEN | 880m | D15 | 99 yrs lease commencing from 1997 | $1,529 psf |
| KALLANG RIVERSIDE | 910m | D12 | Freehold | $2,421 psf |
| THE M | 920m | D7 | 99 yrs lease commencing from 2019 | $2,755 psf |
| CITYLIGHTS | 960m | D8 | 99 yrs lease commencing from 2004 | $1,767 psf |
| PEBBLE BAY | 980m | D15 | 99 yrs lease commencing from 1994 | $1,699 psf |
The private condos list ranked by distance to Nicoll Highway MRT is sorted by walking-distance, not as-the-crow-flies. Singapore’s urban form — built around limited road grids, MRT alignment, and walkway connectivity — means actual walking distance can be 1.3–1.8x the straight-line distance. Each unit’s rated distance reflects this real-walking-distance computation.
Within the shortlist, individual private condos differ on (a) tenure type (mix of freehold, 999-year, and 99-year leasehold), (b) unit-type mix (studio / 1BR / 2BR / 3BR / 4BR), (c) MCST or S&CC fees (for condos vs HDB), and (d) age + facilities standard. The proximity-premium is one variable; the comprehensive evaluation needs all of these. Use the comparison tool to place 2–3 candidates side-by-side on price, PSF, yield, and walkability score.
Cross-reference the list against URA REALIS (for private condo transacted caveats) or the HDB resale portal (for HDB resale transactions) to verify recent per-unit transacted prices. The proximity-premium varies by district and demand cohort; well-connected RCR / OCR with strong upgrader demand tends to see the highest premium, while super-prime CCR sees a smaller relative premium because PSF is already high.
The distance-vs-price curve for Nicoll Highway MRT typically follows a step-function: units 0–500m command the full premium (5–10% for MRT, 3–8% for schools), units 500m–1km command a partial premium (3–5%), and units 1km+ command little to no premium. For yield-focused buyers, the 500m–1km band can offer the best yield-to-price tradeoff — close enough for tenant-demand support but priced below the premium-floor 0–500m tier.
The 1km school-zone threshold is binary in regulatory terms (you either qualify for Phase 2C balloting advantage or you don’t), so for family-stage buyers the cliff is meaningful. For MRT-proximity there’s no equivalent binary threshold, but the walking-time-tolerance threshold typically sits around 8–10 minutes — buyers tolerate longer walks if the segment is otherwise compelling.
Within the shortlist, value-buyers should look for: (a) older private condos in the 500m–1km band with strong fundamentals (freehold tenure or good unit-mix) that are priced below the proximity-premium-floor adjacent stock; (b) private condos in projects where MCST or S&CC fees are lower than comparable proximity-tier stock; (c) units on lower floors in private condos with good orientation, where the floor-band discount partially offsets the proximity-premium. The price heatmap visualises district-level PSF concentration; cross-reference with the URA Property Price Index for cycle context.
FAQ
How many condos are near Nicoll Highway MRT?
What is the average PSF near Nicoll Highway MRT?
How is the distance to Nicoll Highway MRT computed?
Walking distance, not as-the-crow-flies. Singapore’s urban form means actual walking distance is typically 1.3–1.8x the straight-line distance. The list reflects real-walking computation, verified against the LTA MRT system map (for MRT) or Ministry of Education (for schools).
What is the typical proximity premium for Nicoll Highway MRT?
MRT-proximity premium typically runs 5–10% over equivalent units 1km+ away, varying by district and segment.
Does the MRT station affect rental yield?
Yes. MRT-proximate units rent at a 5–10% premium to equivalent further-away units, with shorter letting cycles. This typically improves gross yield by 20–40 basis points.
How does cooling-measure environment affect this list?
The post-April-2023 cooling-measure regime (foreigner ABSD 60%, SC second-property ABSD 20%, TDSR 55%) shapes demand-side composition across all districts. Proximity premium remains structural, but the absolute price level reflects the broader demand-supply equilibrium. See IRAS ABSD and the MAS TDSR explainer.
Where can I verify transacted prices for private condos in this list?
The official source is URA REALIS for private residential caveats. ShiokNest aggregates this data into per-project transacted history.
Should I always prioritise proximity to Nicoll Highway MRT?
Honest answer: depends on holding horizon and buyer profile. For family-stage buyers, school-zone proximity is binary-valuable during the 6-year primary-school window. For MRT-proximity, daily commute quality compounds across the holding period. Yield-focused investors should run the ROI calculator with proximity-tier-specific yield assumptions.
Methodology & Sources
Numbers in this article reflect the latest available data and update as new data becomes available.
Transaction data sourced from URA REALIS.
- Distances calculated using haversine formula.
- Transaction data from URA REALIS.
Outlier-resistant medians anchor every PSF figure shown above. Volume counts are exact transaction tallies, not estimates.