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There are 3 Regions in Singapore Property market. I know, Singapore is very small but we do have 3 specific regions in terms of deciding which area the property is sitting in. These 3 Regions in Singapore Property market is Core Central Region (CCR), Rest of Central Region (RCR) and Outside Central Region (OCR).
Singapore is an exciting island with a mix of cultures and various neighborhoods, each with its own special feel. From the busy Central Business District (CBD) where lots of business happens to the quieter places where people live with their families, every area has something different to offer.
When it comes to buying a home, it’s really important to pick the right place. If you know what each area provides, like how close it is to family, work, or schools, it can help you choose a neighborhood that fits your lifestyle. The main goal is to find the perfect home that you can afford, making you feel good about your choice.
If you’re thinking of investing in property instead, it’s crucial to look at what can make your investment grow, such as which areas are getting more popular, where people want to rent homes, and what kind of shops and services are nearby. This should be a big part of your plan to make sure you get the most out of your investment.
The Singaporean landscape is divided into 28 postal districts that are classified into three primary regions: Core Central Region (CCR), Rest of Central Region (RCR) and Outside Central Region (OCR).
The Core Central Region (CCR) is the heart of Singapore’s city life. This area includes the Central Business District (CBD) and is known for its tall buildings, fancy apartments, and lots of shopping centers. Living here is like being in the middle of all the action and luxury.
The CCR covers these areas:
It also includes parts of these areas:
Homes in the CCR are usually more luxurious and expensive. This means they cost a lot more compared to other places in Singapore. Examples are hot properties such as Watten House, 32 Gilstead, 19 Nassim or even One Bernam.
Right next to the CCR, the Rest of Central Region (RCR) is a cool mix of old and new neighborhoods. This area combines history with modern living and offers a variety of experiences. You can find places that are bustling and modern as well as quiet, peaceful spots.
The RCR includes these areas:
It also includes parts of these areas:
Compared to the CCR, property prices in the RCR have been growing steadily but not too fast over the last decade. This region is great for people who want to live near the city but find the CCR’s luxury homes too expensive. The more reasonable prices in the RCR make it a popular choice for many. Examples can be special boutique developments such as Koon Seng House, Straits at Joo Chiat, Hillshore and even the upcoming Meyer Blue at Katong.
And finally..
The OCR (Outside Central Region) is where you’ll find the suburban parts of Singapore, far from the bustling city center. This region is known for its beautiful parks and roomy living spaces, making it a great choice for those who prefer a quieter life away from the city rush. Despite being further out, the OCR has excellent MRT (train) connections that make it easy to get to the city and other parts of Singapore quickly.
The OCR includes these areas:
It also includes parts of these areas:
Like the RCR, property prices in the OCR have been steadily growing, especially in recent years. This growth is because the houses here are more affordable, which attracts more buyers. With lower prices, people can afford bigger homes, which are perfect for families needing more space.
Examples are the famous Lentor collection such as Lentor Mansion, Lentoria, Hillock Green but also those in the west side such as Hillhaven and Sora.
Each region in Singapore has its own special features and different property prices. Knowing about the unique parts of each district can help anyone looking to buy a home or invest in property make a smarter choice. You can decide if you want the busy life of the city in the CCR, a calm living space in the OCR, or a bit of both in the RCR.
Also, it’s important to think about how close you are to important places like good schools and MRT (train) stations. Being near these can make more people want to live in an area, which can push up property prices. Plus, the government often works on making parts of Singapore even better through urban renewal projects. These efforts, led by the Urban Redevelopment Authority (URA), can make nearby homes more attractive and valuable over time.
The URA’s 2019 Master Plan shows how they plan to develop the city and how it might affect property prices and living conditions in the future. Understanding these plans can help you guess what might happen with prices and decide where you might want to buy your next home.
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