New Launch Condo in RCR
Owning a Property in RCR
The Rest of Central Region (RCR) in Singapore is a highly sought-after location for those looking to invest in new launch condos. The RCR is home to several districts, including Queenstown, Tiong Bahru, Telok Blangah, Harbourfront, Pasir Panjang, Clementi New Town, Middle Road, Golden Mile, Little India, Balestier, Toa Payoh, Serangoon, Macpherson, Braddell, Geylang, Eunos, Bishan, and Ang Mo Kio.
One of the most significant benefits of investing in a new launch condo in the RCR is the location. The RCR is located in the heart of Singapore, making it an ideal location for those who want to be close to the city’s bustling business district. Additionally, the RCR is home to several popular tourist attractions, including Sentosa Island, Marina Bay Sands, and Gardens by the Bay. The RCR is also known for its excellent schools, making it a popular choice for families with children.
If you’re looking to invest in a new launch condo in the RCR, there are several factors to consider. These include the location, price, amenities, and developer reputation. With so many options available, it’s important to do your research and work with a trusted real estate agency to help you find the perfect property.
RCR is a prime location with high potential for capital appreciation. The area is well-connected with excellent transport links, and it is close to the central business district (CBD) and other key commercial areas. These factors make RCR an attractive location for both investors and home buyers.
Furthermore, RCR is a popular location for private condos, and new launches in the area are highly sought after. This high demand for new condos in RCR can lead to an increase in property prices, resulting in capital appreciation for investors.
High Rental Demand
RCR is also a popular location for renters. The area is close to several educational institutions, including the National University of Singapore (NUS) and Singapore Management University (SMU), making it an attractive location for students. Additionally, RCR is near several commercial areas, such as Clarke Quay and Orchard Road, making it a popular location for working professionals.
Investing in a new launch condo in RCR can provide a steady stream of rental income due to the high rental demand in the area.
New launch condos in RCR are highly sought after due to the limited availability of land in the area. As a result, new launches in RCR are often sold out quickly, making them a valuable investment opportunity.
Furthermore, the limited availability of land in RCR means that new launches in the area are often located in prime locations, such as near MRT stations or in close proximity to commercial areas. This can increase the value of the property and provide a higher return on investment for investors.
Amenities in RCR
The Rest of Central Region (RCR) in Singapore offers a variety of amenities for residents to enjoy. From schools to shopping malls to outdoor parks, there are plenty of options for those who live in this area.
The RCR has a number of excellent schools, both public and private. Some of the top schools in the area include:
- Anglo-Chinese School (Junior)
- St. Margaret’s Primary School
- Singapore Chinese Girls’ School
- Nanyang Academy of Fine Arts
There are several shopping malls in the RCR, offering residents a range of shopping and dining options. Some of the most popular malls in the area include:
- City Square Mall
- United Square Shopping Mall
- Velocity@Novena Square
- Square 2
The RCR is home to several beautiful outdoor parks, providing residents with green spaces to relax and enjoy nature. Some of the most popular parks in the area include:
- Fort Canning Park
- Pearl’s Hill City Park
- Istana Park
Price Trend for CCR Condos
With 1,795 new launch units being added in 2023, the RCR market is expected to remain strong and continue performing exceptionally well in the post-pandemic era.
Buyer groups interested in RCR properties include investors, owner-occupiers, young families, and empty nesters. The RCR is regarded as the intermediate, or mid-tier, region in terms of pricing, between the mass market condos in the OCR region and the high-value properties in the CCR.
Recent RCR condo launches have shown that 2 and 3 bedroom units are potentially available below $1.5 million, making it a more affordable option for those looking to invest in the area.
Overall, the RCR offers a prime location with easy access to the city center and a variety of amenities. With the addition of new launch condos in 2023, the RCR market is expected to remain strong and continue to attract a diverse range of buyers.