What is Singapore’s Core Central Region ?
The Core Central Region (CCR) is one of the three geographical market segments used by Singapore’s Urban Redevelopment Authority (URA) to classify the private residential property market, alongside the Rest of Central Region (RCR) and Outside Central Region (OCR).
The CCR comprises Postal Districts 9, 10 and 11, the Downtown Core Planning Area and Sentosa.
The CCR as Singapore’s prime residential and city-core market—where prestigious residential neighbourhoods meet major business, shopping, hospitality and lifestyle destinations.
Location
Where are the CCR Area ?
District 9 :
Dhoby Ghaut, Oxley, Leonie Hill, Somserset, Robertson Quay, Boulevard, Cairnhill, Newton Circus and Monk's Hill
District 10 :
Goodwood Park, Orange Grove, Tanglin, Chatsworth, Nassim, Tyersall, Rideout, Farrer Court, Leedon Park, Coronation Road, Holland Road, Ulu Pandan
District 11 :
Balestier, Malcolm, Moulmein, Mount Pleasant, Dunearn, Hillcrest and Swiss Club
Downtown Core :
Bugis, City Hall, Marina Centre, Nicoll, Bayfront Subzone, Cecil, Tanjong Pagar, Anson, Maxwell and Raffles Place
Sentosa :
Sentosa Waterfront, Cove Drive, Ocean Drive and Lakeshore View
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What appeals to Home Owners and Investors ?
The appeal starts with a difficult-to-replicate combination:
Central Location + Established Neighbourhoods + Connectivity + Business Access + Lifestyle Amenities and Prime Residential Addresses.
Home Owners are looking at :
Proximity to the CBD, Orchard Road, established schools, dining, shopping, healthcare, greenery or prestigious residential enclaves.
The Downtown Core itself is described by URA as Singapore's economic and cultural heart, combining prime office space with complementary uses and residential population.
Investors are looking at :
Tenant pools of professionals, senior executives, expatriates, couples and internationally mobile households, although the actual tenant profile varies considerably by project, unit size and micro-location.
A Downtown Core apartment, a family-sized home around Bukit Timah and a Sentosa residence should not be treated as though they compete for exactly the same tenant.
The fundamental question a buyer should ask is
“What am I actually getting for the total amount of money committed?”
Hence the Uniquely My Home philosophy:
Beyond the Price — Focus on Value.
Is Every CCR Property A Luxury Property ?
The CCR is frequently associated with Singapore's high-end and luxury private residential market, and historical market research commonly describes it that way.
Not necessarily, buyers should compare actual project prices and transaction evidence, rather than assuming every CCR property must cost more than every RCR or OCR property.
CCR Property Price can be influenced by:
Location, Tenure, Project Age, Unit Size, Floor Level, View, Developer, Supply condition and Market Timing.