What is Singapore’s Outside Central Region ?
The Outside Central Region (OCR) 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 Core Central Region (CCR) and Rest of Central Region (RCR).
The OCR comprises areas outside Singapore's Central Region, covering the East, North-East, North and West Planning Regions.
In everyday property language, OCR is often described as Singapore's suburban private residential market. OCR comprises areas such as Tampines • Pasir Ris • Bedok • Bayshore • Punggol • Sengkang • Hougang • Serangoon • Woodlands • Yishun • Canberra • Bukit Batok • Choa Chu Kang • Tengah • Jurong • Clementi • West Coast Area.
Location
Where are the OCR Area ?
East Region :
Bedok, Changi, Pasir Ris, Paya Lebar and Tampines
North-East Region :
Ang Mo Kio, Hougang, Punggol, Seletar, Sengkang and Serangoon
North Region :
Mandai, Sembawang, Simpang, Sungei Kadut and Woodlands
West Region :
Bukit Panjang, Choa Chu Kang, Clementi, Jurong East, Jurong West and Tengah
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What appeals to Home Owners and Investors ?
The appeal starts with larger home in established town and developing growth areas:
Space + Purchase Quantum + Family Lifestyle + Neighbourhood Amenities + Transport Connectivity + Future Housing Needs.
Home Owners are looking at :
Established town amenities, familiar neighbourhood, transport connectivity, mature residential communities, schools, employment nodes, dining, recreation and developing growth area. The Town ecosystem is another attraction, Punggol has the Punggol Digital District while Tampines and Woodlands support regional business centres. Jurong is projected to be Singapore's second Central Business District CBD.
Investors are looking at :
Tenant pool of professionals, executives, couples, families, expatriate households and people working in regional centres or nearby employment areas. The realistic tenant pool depends heavily on the specific neighbourhood, lifestyle, MRT connectivity, unit size, furnishing, employment accessibility, amenities and rental quantum.
An apartment near a specific employment node e.g. Punggol may appeal to a different tenant from a family apartment in an established residential neighbourhood Jurong.
Is OCR Property A Good Investment ?
The OCR property is frequently regarded as a good start into private property investment in areas with growth plan.
Not necessarily, buyer should compare actual project prices, transaction evidence and the reality of projected growth plan, how these aligned with your evolving lifestyle needs during your stay duration.
OCR Property Price can be influenced by:
Location, Tenure, Project Age, Unit Size, Floor Level, View, Developer, Connectivity, Lifestyle value, Supply condition and Market Timing.
The fundamental question a buyer should ask is
“Is my budget buying me a better home and lifestyle in OCR ?”
Hence the Uniquely My Home philosophy:
Beyond the Price — Focus on Value.