Uber and driverless cars threaten premium for homes near transit


  • TECH
  • Thursday, 03 May 2018

(FILES) In this file photo taken on March 27, 2017 an Uber self-driving car drives down 5th Street on March 28, 2017 in San Francisco, California. The race to perfect robot cars continues despite fears kindled by the death of a woman hit by a self-driving Uber vehicle while pushing a bicycle across an Arizona street. Uber put a temporary halt to its self-driving car program in the US after the fatal accident this month near Phoenix, where several other companies including Google-owned Waymo are testing such technology. / AFP PHOTO / Getty Images North America / JUSTIN SULLIVAN / With AFP Story by Ian TIMBERLAKE: US-lifestyle-internet-automobile-Uber,foucs

The premium that a condo near the train has long commanded is under threat. 

Ride-sharing services such as Uber Technologies Inc and Lyft Inc, and the advent of electric vehicles and driverless cars, are poised to chip away at the higher prices that real estate around subways and bus stops has earned, according to a report from MetLife Inc’s asset-management business released Tuesday. 

Win a prize this Mother's Day by subscribing to our annual plan now! T&C applies.

Monthly Plan

RM13.90/month

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
   

Next In Tech News

Honey, I love you. Didn’t you see my Slack about it?
The architects of ‘Hades’ strive to bewitch gamers again
A pithy YouTube celebrity’s plea: Buy this video game
Coming soon: Control your smartphone with facial expressions
Crypto lender Genesis to return $3 billion to customers in bankruptcy wind-down
US, TikTok seek fast-track schedule, ruling by Dec. 6 on potential ban
DXC Technology tumbles as investors fret over latest restructuring plan
Microsoft to release next 'Call of Duty' game on subscription service, source says
US labor board will suspend case against SpaceX pending company's legal challenge
Nigeria court rules Binance executive can face trial on behalf of crypto exchange

Others Also Read