What is Singapore’s Rest of Central Region ?
The Rest of Central Region (RCR) 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 RCR can offer an appealing middle ground between central accessibility, residential lifestyle, housing choice and purchase quantum.
The RCR comprises city-fringe locations such as Queenstown / Alexandra, Bishan, Toa Payoh, Kallang, parts of the East Coast and other central-region neighbourhoods outside the CCR. Think of it as living close enough to the city to enjoy central connectivity and conveniences, but without insisting that Orchard Road must practically be your downstairs neighbour.
Location
Where are the RCR Area ?
East Coast / Katong / Marine Parade :
East Coast, Katong, Marine Parade, Mountbatten and Tanjong Rhu
Queenstown / Alexandra :
Alexandra, Buona Vista, Kent Ridge, One North, Pasir Panjang and Queenway
Kallang / Boon Keng / Whampoa :
Boon Keng, Kallang Bahru, Kampong Java, Lavender and Whampoa
Marymount / Bishan :
Bishan East, Marymount and Upper Thomson
Braddell / Toa Payoh :
Braddell, Bidadari, Joo Seng, Sennett, Toa Payoh and Woodleigh
Outram / Singapore River :
Boat Quay, Clarke Quay, Chinatown, Fort Canning, Pearl's Hill and Roberston Quay
Redhill / Bukit Merah / Tiong Bahru :
Alexandra Hill, Bukit Merah, Everton Park, Maritime Square, Redhill and Tiong Bahru
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What appeals to Home Owners and Investors ?
The appeal starts with a city-fringe convenience and connectivity within an affordable quantum instead of CCR premium:
Central Accessibility + Usable Space + Established Amenities + Regional Connectivity + Regional Offices + more manageable Purchase Quantum.
Home Owners are looking at :
Established amenities, MRT connectivity, mature residential communities, schools, employment nodes, dining and recreation while remaining relatively accessible to the CBD and other parts of central Singapore. Combining regional office space with complementary uses and residential population.
Investors are looking at :
Tenant pool of professionals, executives, couples, families, expatriate households and people working in central or nearby employment areas. The realistic tenant pool depends heavily on the specific neighbourhood, MRT connectivity, unit size, furnishing, employment accessibility, amenities and rental quantum. A compact apartment near a major employment node may appeal to a different tenant from a large family unit in an established residential neighbourhood.
The fundamental question a buyer should ask is
“What does my budget buy me in RCR versus CCR or OCR ?”
Hence the Uniquely My Home philosophy:
Beyond the Price — Focus on Value.
Is RCR Property A Good Investment ?
The RCR property is frequently regarded as a safe middle-ground property investment and historical market research commonly describes it that way.
Not necessarily, buyer should compare actual project prices and transaction evidence, rather than assuming every RCR property must cost more than OCR property or a lower quantum compared to CCR Property.
RCR Property Price can be influenced by:
Location, Tenure, Project Age, Unit Size, Floor Level, View, Developer, Connectivity, Lifestyle value, Supply condition and Market Timing.