Property
Why OCR Condos Might Dominate Rental Markets In 2021
By Stacked Homes  •  January 7, 2021
A short while ago we pondered whether the Singapore rental market could stay its course. Given the impact of Covid-19, our rental market has held up remarkably well; at this point simply maintaining rental income / yields can be considered fortunate. However, not every segment of the rental market faces an equal challenge. While the Core Central Region (CCR) condos face higher risks of vacancies or falling rental income, the Outside of Central Region (OCR) may be the safe port in the storm for property investors; at least for 2021 and the near term: Where is the OCR? By OCR, we refer to all districts from 16 to 19, and then all districts from 21 through to 28. The latest health check on Singapore’s rental market According to 99.co, these are the rental rates up to the latest available date (October 2020): Rental rates in the CCR fell from $4.19 to $4.14 psf, while rates in the RCR were more or less flat; from $3.50 to $3.49 psf....
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By Stacked Homes
The Stacked Homes editorial began in February 2017 to provide the latest news and analysis on property in Singapore.
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