The Core Central Region (CCR) of Singapore comprises of postal districts 9,10, 11, Downtown Core (including parts of Bugis south of Ophir Road) and Sentosa. This region is Singapore’s main prime metropolitan area, largely constituted by the Central Business District (CBD) where major commercial buildings are located.
The Core Central Region is home to many the wealthy businessman as well as international and local celebrities. This is where you can find the many luxury condominiums, high-end landed properties and Good Class Bungalows (GCBs) – the crème de la crème of Singapore property. With the full-range of amenities within a stone’s throw, the area is dotted with high-end restaurants, shopping malls and hotels. Both private and commercial property in this zone is among the most expensive in Singapore, and even perhaps in the world.
Although the label “high-end property” is not often synonymous with “value for money”, and some properties are indeed bid up by the combination of scarcity and foreign demand, you can still find good value if you know where to look.
Why properties in Core Central Region (CCR) could be a good long term investment?
Location, location, location. The Core Central Region (CCR) has a close proximity to Singapore’s most prime shopping district, Orchard Road, lifestyle and nightlife area, Boat Quay as well as the Central Business District (CBD) at Raffles Place, and it is at the heart of Singapore’s vast transportation network.
A key factor supporting and driving Core Central Region (CCR) valuations is its scarcity. Over the years, land in the CCR has become very scarce as most of the privately own land plots are freehold and even the supply of 99-years leasehold land is getting so rare nowadays, if any, from government land sales.
Another key driving force is the Master Plan that is charting the future of Singapore’s Central Area. The vision is to continue to sustain the Central Area as a dynamic 24/7 city centre with diverse jobs and business opportunities, where homes are located close to work places and there is an abundance of lifestyle and recreational options.
As a result of the prime locality, scarcity value and the government ongoing effort in rejuvenating in the Core Central Region (CCR), whenever there is limited availability of new properties – be it freehold or a 99-leasehold residential properties, or office properties, investors from both local and overseas are often quick to move in.
BestBuyCondo.SG is a leading online property resource for home buyers and investors. We are committed to empowering home buyers and property investors to find their value homes and investment properties by providing transparent information and independent review .