Core Central Region (CCR)
The Core Central Region is comprised of districts 9-10 and 11, Sentosa, Downtown Core and Sentosa – it’s where some of Singapore’s most luxurious, high-end freehold properties can be found – so it comes as no surprise that those purchasing them tend to have high net worths.
Rest of Central Region (RCR)
RCR real estate properties lie between premium properties in the CCR and mass market properties in OCR in terms of pricing. The area between them can be considered to be mid-tier in pricing terms; its popularity among different buyer groups including young families, investors and empty nesters. As infrastructure improvements take place over time, gaps between CCR and RCR properties and CCR has decreased, leading to greater affordability within this range.
Hoi Hup Realty and Sunway joined forces to develop The Continuum. Established in Singapore since 1983, Hoi Hup Realty’s real estate development experience spans various real estate related businesses; over the last four years this group has actively acquired land through government land sales as well as through an en bloc exercise.
Hoi Hup Realty have completed several developments prior to introducing The Continuum Condo Condominium complex. These projects include Waterford Residence, Sophia Hills at Mount Sophia, The Continuum Showflat, Whitley Residences and soon-to-be Terra Hill in Pasir Panjang.
Outside Central Region (OCR)
OCR (Outer Central Region) of Singapore is home to large-scale properties at more affordable prices such as Executive Condominiums. Furthermore, private residential developments within OCR tend to be larger in size with 99-year leasehold homes typically found there. Furthermore, this district’s large size and higher quantity of units make OCR developments appealing to young couples as well as millennial families looking for homes.
Golden Tips to Spot a Good Investment Property
Look out for a Good Entry Price
An attractive entry price refers to properties being offered for sale at a cost lower than their value. For instance, a property selling at $800/psf represents an excellent starting price for potential buyers.
Buyers should exercise extreme caution when purchasing property priced higher than its current market value in hopes that future transactions may help make up the difference. A good place to determine this trend over the last six months is through URA website transactions data.
Look Out for Good Long-term Values
Understanding that low cost properties don’t necessarily translate to properties with high long-term values is crucial. Value can be affected by multiple factors like convenient transportation facilities or new amenities being built nearby – factors which could quickly add or deduct value from properties in short order.
Keep an eye out for major business hubs, parks, recreational zones and schools as these developments can provide buyers with additional help when searching for houses as well as those planning to rent them out as these properties typically have strong rent take-up rates and tend to have higher prices if freehold. Understanding which factors contribute to increases in Capital Appreciation and Rental Yield will enable buyers to assess if a property can become an investment property over the long term.
Visit Property Auctions
Property auctions provide buyers with an incredible opportunity to discover properties at unbeatably attractive prices, like fire sales. When the reserve price cannot be met during an auction, buyers can contact the seller directly and negotiate an offer privately with him or her.