Properties in Outside Central Region (OCR) are becoming more attractive to buyers. Widely considered the suburbs of Singapore and comprising the East Planning Region, North East Planning Region, North Planning Region and West Planning Region. This includes the densely populated neighborhoods of Punggol, Woodlands and Jurong, where a wide variety of mass market condominiums are located together with, in recent years, an increasing number of executive condominiums (ECs).
Due to the cumulative effects of the cooling measures and TDSR where liquidity is restricted, buyers have become increasingly quantum sensitive, which in turn, has benefited smaller-sized units and projects in outlying regions (OCR), where the overall quantum is more affordable compared to the central region. Apart from the lower price quantum, properties in the OCR are also increasingly becoming more attractive due to the government's decentralisation strategy to sustain Singapore's growth by developing regional centres at various parts of the island including the West and North regions.
In the West, new commercialhubs like Jurong Gateway are being developed outside the city centre to provide more choices of attractive business locations and bring jobs closer to homes. When complete, the 360 ha Jurong Lake District will feature two distinct but complementary precincts - Jurong Gateway and Lakeside. The former, which is set to be the commercial hub of the West, will comprise high rise offices, condominium developments, as well as a slew of entertainment options, while the latter is being developed as a destination for young families, with tourist attractions and parks complemented by water activities.
Due to the cumulative effects of the cooling measures and TDSR where liquidity is restricted, buyers have become increasingly quantum sensitive, which in turn, has benefited smaller-sized units and projects in outlying regions (OCR), where the overall quantum is more affordable compared to the central region. Apart from the lower price quantum, properties in the OCR are also increasingly becoming more attractive due to the government's decentralisation strategy to sustain Singapore's growth by developing regional centres at various parts of the island including the West and North regions.
In the West, new commercialhubs like Jurong Gateway are being developed outside the city centre to provide more choices of attractive business locations and bring jobs closer to homes. When complete, the 360 ha Jurong Lake District will feature two distinct but complementary precincts - Jurong Gateway and Lakeside. The former, which is set to be the commercial hub of the West, will comprise high rise offices, condominium developments, as well as a slew of entertainment options, while the latter is being developed as a destination for young families, with tourist attractions and parks complemented by water activities.
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