Property
New Central Condos Cheaper Than City Fringe Ones In 2022? Here Are 4 Simple Reasons Why
By Stacked Homes  •  October 4, 2022
The CCR has long maintained a reputation as Singapore’s prime region, where one finds the most luxurious – and pricey properties. But in 2022, prices of new RCR condos have started to rise further, and are rapidly narrowing the gap with their CCR counterparts; at least in terms of new launches. Here are some reasons it may be happening: What’s happening to new condos in the RCR and CCR? Huttons Asia recently reported that condos in the RCR have significantly narrowed the price gap with their CCR counterparts: As a 10-year average (2012 to 2021), the price gap between new launches in the CCR and RCR, on a price PSF basis, is about 42.7 per cent. But as you can see from above, that’s far off from the numbers this year. The price gap between RCR and OCR narrowed significantly to 25.7 per cent in April, and to around 14.9 per cent as of August....
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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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