The Urban Redevelopment Authority (URA) divides Singapore's property market into three regions: Core Central Region (CCR), Rest of Central Region (RCR), and Outside Central Region (OCR). These regions, also known as market segments, serve as a framework for analyzing and understanding the property market systematically.
By providing better price segmentation, comparison, and evaluation within similar areas, these regions enable investors, owners, and buyers to make more informed decisions. For example, the CCR, which includes prime locations such as Orchard Road tends to have higher property prices. Understanding these specific characteristics and trends of each region allows us to assess investment potential and market dynamics more effectively.
The Core Central Region (CCR) is a key part of Singapore's posh urban area, centered around the bustling Central Business District (CBD). This region is known for its premium real estate prices and is highly sought after by both residents and investors. The CCR is characterized by its exclusive residential areas and vibrant commercial developments, making it a prominent and desirable location within Singapore.
Singapore Postal Districts | Areas |
---|---|
District 9 | Orchard, Somerset, River Valley |
District 10 | Tanglin, Bukit Timah, Holland |
District 11 | Newton, Novena, Dunearn, Watten |
Singapore postal district | Area |
---|---|
District 1 | Boat Quay, Raffles Place, Marina Bay |
District 2 | Shenton Way, Tanjong Pagar |
District 4 | Sentosa |
District 6 | City Hall |
District 7 | Bugis |
The Rest of Central Region (RCR) in Singapore is positioned between the Core Central Region (CCR) and the Outside Central Region (OCR). The RCR is often considered a middle ground in terms of property pricing, as it offers a balance between the high-value properties in the CCR and the more affordable options in the OCR. This region is attractive to various buyer groups due to its proximity to the city and its relatively lower price points compared to the CCR. The RCR is known for its diverse range of residential properties, including both private and public housing, making it a popular choice for individuals and families looking for a well-located yet relatively affordable place to live.
Singapore postal district | Area |
---|---|
District 3 | Queenstown, Alexandra, Tiong Bahru |
District 8 | Little India, Farrer Park |
District 12 | Balestier, Whampoa, Toa Payoh, Boon Keng, Bendemeer, Kampong Bugis |
Singapore postal district | Area |
---|---|
District 1 | Marina South |
District 2 | Chinatown |
District 4 | Harbourfront, Keppel, Telok Blangah |
District 5 | Buona Vista, Dover, Pasir Panjang |
District 6 | Fort Canning |
District 7 | Rochor |
District 13 | Potong Pasir, Bidadari, MacPherson, Upper Aljunied |
District 14 | Geylang, Dakota, Paya Lebar Central, Eunos, Ubi, Aljunied |
District 15 | Tanjong Rhu, Amber, Meyer, Katong, Dunman, Joo Chiat, Marine Parade |
District 20 | Bishan, Thomson |
The Outside Central Region (OCR) comprises the areas that lie beyond the CCR and RCR in Singapore . This includes the majority of the north, west, east, and south regions of Singapore. The OCR is characterized by its relatively lower property prices compared to the more central regions. It is known for offering a wide range of housing options, including public housing estates, private condominiums, and landed properties. The OCR appeals to individuals and families looking for more spacious accommodations at relatively affordable prices, as well as those who prefer a quieter and less densely populated environment compared to the central areas of Singapore.
While it may be further from the city center, the OCR offers its residents a variety of amenities, green spaces, and a more laid-back lifestyle. These are the places where affordable condos, including executive condominiums (ECs), are mostly found. The Government intends to bring important jobs to these areas, such as transforming Jurong into a second CBD, creating the Punggol Digital District, and developing the Woodlands Regional Centre.
Singapore postal district | Area |
---|---|
District 16 | Bedok, Upper East Coast, Bayshore, Tanah Merah, Upper Changi |
District 17 | Flora Drive, Loyang, Changi |
District 18 | Tampines, Pasir Ris |
District 19 | Punggol, Sengkang, Hougang, Kovan, Serangoon, Lorong Ah Soo |
District 21 | Upper Bukit Timah, Ulu Pandan, Clementi Park |
District 22 | Jurong East, Jurong West, Boon Lay |
District 23 | Hillview, Bukit Panjang, Bukit Batok, Choa Chu Kang |
District 24 | Kranji, Lim Chu Kang, Sungei Gedong, Tengah |
District 25 | Woodlands, Admiralty |
District 26 | Lentor, Springleaf, Mandai |
District 27 | Yishun, Sembawang |
District 28 | Seletar, Seletar Hill, Sengkang West |
Singapore postal district | Area |
---|---|
District 5 | Clementi, West Coast |
District 14 | Kembangan, Kaki Bukit |
District 15 | Telok Kurau, Siglap, Frankel |
District 20 | Ang Mo Kio |
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