Not worth living near the LRT station.
First of all, there are no feeder bus services nor trunk services
serving you cos the transport operators want you to utilize their
LRT. So whatever bus services you see below your home will be like
that for the next 20 years!
Secondly, think of the transport costs you have to pay for taking
the LRT to transfer to the bus / MRT everyday
Thirdly, doesn't the view from your house looks ugly with train
tracks below. =X
Eh you Bukit Panjang resident ah?
If you live in Sengkang or Punggol, your bus stop is less than
500m away (even at Blk 6XX Punggol), and have buses to the
interchange (which usually comes every few minutes). It really
depends on how the town and its transport system is planned, in the
case of Sengkang and Punggol, it is quite well planned.