Developer Reputation & CCR, RCR, OCR District
Do it Matter to the Buyers?
đź“Ś Watch this video to find out
Does Developer Reputation Matters when buying a condo?
In Singapore, it is extremely rare to hear of a developer going bust while in the midst of building a development. The reason being that developers have to go through stringent checks by the government before they are allowed to even build anything.
This is not to say that it has never happened. An example would be that of the developer of Laurel Tree and Sycamore Tree. One is in the Hillview area and the other in the Joo Chiat area. The same developer was behind these 2 incomplete condos. Watch video to find out more…
Does District- CCR RCR OCR matters when selecting a condo?
Singapore is classified into 3 areas, CCR- core central region, RCR- rest of central region & OCR- outside central region. In the past, we used to talk about districts. There is district 1 to 28, with district 9, 10, and 11 being amongst the most prestigious.
The more commonly used classification method currently used by government bodies is CCR, RCR and OCR. The CCR is mainly made up of districts 9, 10 and 11 or areas like Orchard Road, Newton and Novena etc. Sentosa and districts 1 and 2 are also part of the CCR. The RCR points to places that are close to the city area or city fringes like Queenstown, Farrer Road etc. As for the OCR, it comprises of any area not in the 2 abovementioned regions.
[Top 10 Condo Questions]
- Does it have to be Freehold?
- Old Aging Condo has No Value?
- New Condo Sizes are Shrinking! Secrets Revealed?
- Why New Condo when Resale PSF is cheaper?
- Should I avoid Low Floor & No Views Unit?
- 1 BR vs 2BR –Which is Better for Investment?
- Why “Near MRT” will Get Less Important?
- Buying for Primary School Enrolment?
- Does Developer reputation matter?
- Does District Matter? (CCR vs OCR)
Check out all top 10 condo questions here
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