Core Central Region demand hit new high

The landscape of the real estate industry in 2021 does not seem to be slowing down its rollercoaster route as we approach the last quarter of the year. The core central region shot up more than 4.5 times compared to the second quarter of last year when some of the strictest Covid-19 restrictions were in place.

This has ignited a trend for a huge growing demand in the Core Central Region (CCR), with a prime example of Canninghill Piers having sold 77% of its units during its launch weekend, hitting a total $1.18 billion in sales. One of the primary reasons why the demand for Core Central Region (CCR) is pegged to several reasons, most notably attested to an appropriate pricing strategy that is made affordable to the local market, unlike in the past.

As the endemic has impacted consumer perception in terms of their buying purchases, another reason that the Core Central Region (CCR) has garnered high demand and attention is due to the the high vaccination rates in Singapore, which have boosted consumer confidence, as well as the presence of high net-worth individuals looking to invest in property in the Core Central Region (CCR).

With the increase in the demand for the Core Central Region (CCR), buyers in Singapore should look out for more investment properties in this region, while the input from foreign investments are at an all time low. That being said, below are a few new launches to consider:

The Avenir

As a freehold condominium, The Avenir combines thoughtful modern design and unrivalled accessibility with the privileges of cosmopolitan living, snuggling within a lush and spacious botanical park. With an artfully developed unique botanical garden, The Avenir boasts an arboretum of native flora and natural beauty, forming an enchanting natural park that will entice nature lovers into its residence.

Haus on Handy

Haus on Handy presents a bold and fresh concept in city living, right in the heart of the Orchard Belt. With its affordable pricing model, Haus on Handy is within the reach of several amenities and facilities within the Orchard Belt region, alongside being at a stone’s throw away from several renowned schools such as School of the Arts (SOTA) and Lasalle College of the Arts. This provides a perfect backdrop for individuals who enjoy the city landscape, right in the heart of Singapore’s arts academia.

Riviere

Drawing heavy inspiration from the concept of being by the river, Riviere finds its strategic location by the banks of Singapore river, inviting an enticing lifestyle to dine, chill, and commune alongside stunning views of the meandering river in the heart of downtown.

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