THE Central Region of Singapore is a misnomer because it is situated in the southern, and not the central, part of Singapore. Its northern boundary touches the central water catchment area, near the centre of Singapore. The Central Region stretches from Marine Parade in the east to Queenstown in the west.
The Central Region can be divided into the Core Central Region (CCR) and the Rest of Central Region (RCR). The CCR covers the traditional prime residential districts 9, 10 and 11, Downtown Core and Sentosa Cove. It represents the high-end residential property market. The RCR, also known as the city-fringe area, represents the mid-tier housing market.
Overall real estate market sentiment in the Central Region started to dampen in March 2020 with the prevalent impact of the Covid-19 outbreak. However, the negative impact on different market segments varied within the Central Region itself.
The Central Region can be divided into the Core Central Region (CCR) and the Rest of Central Region (RCR). The CCR covers the traditional prime residential districts 9, 10 and 11, Downtown Core and Sentosa Cove. It represents the high-end residential property market. The RCR, also known as the city-fringe area, represents the mid-tier housing market.
Overall real estate market sentiment in the Central Region started to dampen in March 2020 with the prevalent impact of the Covid-19 outbreak. However, the negative impact on different market segments varied within the Central Region itself.
Comments
Post a Comment