Investment approach
Transit accessibility and housing value
Proximity can improve convenience and add noise. Research finds nonlinear effects that vary across segments.
“Near the metro” combines travel time, frequency, transfers, the walking route, noise and footfall. Academic models show that accessibility-price relationships are often nonlinear.
Jin finds differences across price segments. Yang separates accessibility benefits from immediate proximity effects. Higgins finds spatial variation. Distance alone is not a valuation.
Micro-location review
Time real routes to demand generators at peak and evening hours. Review lighting, gradients, crossings, accessibility and indoor noise. Then find comparables within the same mobility corridor.
Use the Investor Data Hub for context. In Deal Analysis, separate existing access from proposed infrastructure. The investment memo should show the case without a future station.
Sources
Statistical association does not guarantee appreciation.
Questions and answers
Does metro proximity always add value?
No. Segment and negative externalities also matter.
What should be measured?
Time, frequency, transfers, walking route and noise.
How should a future station be treated?
As a separate scenario, not base value.
