New Launches in CCR
Newport Residences
D2
Units
246
Tenure
Freehold
TOP
1 Mar 2030
Marina View Residences
D1
Units
905
Tenure
99 Years
TOP
Q4 2027
River Valley Green
D9
Units
380
Tenure
99 Years
TOP
2029
Zion Residences
D3
Units
955
Tenure
99 Years
TOP
2028
Union Square Residences
D1
Units
366
Tenure
99 Years
TOP
2028
One Leonie Residences
D9
Units
70
Tenure
Freehold
TOP
2028
Marina Gardens Residences
D1
Units
795
Tenure
99 Years
TOP
2028
Park Hill @ Bukit Timah Link
D21
Units
155
Tenure
99 Years
TOP
2028
Aurea Condo
D7
Units
2028
Tenure
99 Years
TOP
2028
Watten House
D11
Units
180
Tenure
Freehold
TOP
Jun 2027
One Sophia
D9
Units
367
Tenure
99 Years
TOP
2028
Arina East Residences
D15
Units
107
Tenure
Freehold
TOP
2028
Orchard Sophia
D9
Units
78
Tenure
Freehold
TOP
Aug 2027
The Reserve Residences
D21
Units
732
Tenure
99 Years
TOP
Q1 2028
Kopar At Newton
D9
Units
378
Tenure
99 Years
TOP
Dec 2023
Van Holland
D10
Units
69
Tenure
Freehold
TOP
Mar 2023
Owning a condo in a prime area of Singapore
The Core Central Region (CCR) of Singapore is a prime location for real estate, with its proximity to the city’s central business district and other key areas. As such, there is always a high demand for new launch condos in the CCR, with developers constantly releasing new projects to cater to this demand.
Investing in a new launch condo in the CCR can be a wise decision for those looking to own property in a prime location. These condos often come equipped with top-notch facilities and amenities, making them highly desirable for both homeowners and tenants. Additionally, the CCR is known for its strong rental market, with many ex-pats and high-net-worth individuals looking to rent in this area.
If you are considering investing in a new launch condo in the CCR, it is important to do your research and choose a reputable developer with a track record of delivering quality projects. With the right investment, a new launch condo in the CCR can offer excellent returns and serve as a valuable asset for years to come.
Capital Appreciation
One of the primary benefits of investing in a new launch condo in CCR is the potential for capital appreciation. The CCR is a prime location in Singapore, with high demand for properties due to its proximity to the Central Business District (CBD) and Good Class Bungalows (GCBs). As a result, properties in CCR tend to appreciate in value over time, making them a lucrative investment opportunity.
Excellent Connectivity
Another advantage of investing in a new launch condo in CCR is the excellent connectivity offered by the transportation network in the area. CCR is well-connected to other parts of Singapore via major expressways and MRT lines, making it easy for residents to commute to work or travel to other parts of the island. This connectivity also makes CCR an attractive location for businesses, further driving demand for properties in the area.
Limited Availability
Investing in a new launch condo in CCR also offers the advantage of limited availability. The Singapore government regulates land sales in the city-state, and CCR is a highly sought-after location for property developers. As a result, there are limited opportunities for new developments in the area, making new launch condos in CCR a rare and valuable commodity.
Amenities in CCR
The Core Central Region (CCR) of Singapore is known for its high-end properties and luxurious lifestyle. Apart from the stunning architecture and prime location, the CCR also boasts a wide range of amenities that cater to the needs of its residents. In this section, we will explore some of the most notable amenities in the CCR.
Schools
The CCR is home to some of the best schools in Singapore, making it an ideal location for families with school-going children. Some of the top schools in the area include:
- Anglo-Chinese School (ACS)
- Raffles Girls’ School (RGS)
- Singapore Chinese Girls’ School (SCGS)
- St. Joseph’s Institution (SJI)
These schools offer a holistic education that focuses on academic excellence, character development, and extra-curricular activities.
Shopping Malls
The CCR is a shopper’s paradise, with a plethora of shopping malls that cater to every taste and budget. Some of the most popular shopping malls in the area include:
- Ion Orchard
- Paragon
- Takashimaya
- Wisma Atria
These malls offer a wide range of high-end fashion brands, luxury goods, and gourmet food options.
Outdoor Parks
Despite being an urban area, the CCR is home to some of the most beautiful outdoor parks in Singapore. Some of the most popular parks in the area include:
- Fort Canning Park
- Gardens by the Bay
- Marina Barrage
- Singapore Botanic Gardens
These parks offer a variety of activities such as jogging, cycling, picnicking, and more.
Price And PSF Trend for CCR New Condos
The Prestigious Core Central Region of Singapore
The Core Central Region (CCR) of Singapore, including renowned areas such as Orchard, River Valley, Tanglin, and the Downtown Core, is synonymous with opulence and high-end residential living. Known for its luxurious properties, the CCR remains a coveted location for discerning buyers.
Market Trends and Pricing
As of 2023, the average price per square foot (PSF) for new launches in the CCR has climbed to S$2,355. Despite a decline in overall transaction volume to 3,506 units, this represents a 14% increase in PSF from 2020 to 2023. Notably, 2023 saw a 21% year-on-year drop in transaction volume, yet the PSF price saw a modest 1% rise compared to 2022.
Impact of Cooling Measures
April 2023 brought significant changes with the introduction of new cooling measures, including an increase in Additional Buyer’s Stamp Duty (ABSD) for foreigners to 60%. This measure has had a significant impact on the CCR, which traditionally attracts a higher proportion of foreign buyers.
Notable New Launches
Several new developments in the CCR have achieved impressive PSF prices:
- Watten House: This 180-unit project in Bukit Timah reached an average of $3,230 PSF on its preview launch day.
- Orchard Sophia: A boutique development of 78 units in prime District 9, which averaged $2,800 PSF over its launch weekend.
These figures underscore the premium nature of new developments within the CCR, reflecting its status as a prime residential area in Singapore.
Summary
The average PSF for new launches in the CCR stands at approximately S$2,355 as of 2023. Specific projects have even surpassed these averages, showcasing the high demand and luxury associated with the region. Despite market adjustments and cooling measures, the CCR continues to be a top choice for luxury property seekers in Singapore.