The Outside Central Region (OCR) houses the highest number of residential properties with higher concentrations of HDB apartments. The private residential developments here consist of mass market condominiums, terraces, townhouses as well as Executive Condominiums (ECs). Prices of the homes in these districts are relatively lower compared to CCR and RCR. However, despite being situated outside of the core districts, many are choosing homes in this region due to the extensive public transportation options that Singapore has.
The government’s decentralisation plan has also encouraged companies like banks and tech companies to set up offices and factories in some of these regions, further increasing the attractiveness of living in the OCR.
Thanks to seamless MRT connectivity around the island, the OCR is a very viable and affordable housing option even for those who work in the city, with resale condo prices as low as $800 per square foot (psf). The government’s plans to bring high-value jobs to the OCR, in the form of Jurong Second CBD, Punggol Digital District and Woodlands Regional Centre will continue to support a healthy demand in this region.
Given the many competing developments across various OCR locations, developers are offering attractive pricing to lure buyers. Attractive pricing is not the only advantage; with the larger size and higher unit counts of the Outside Central Region (OCR) projects, developers often include many interesting and state-of-the-art facilities, making the projects particularly appealing to young couples and millennial families.
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