Developer Reputation & CCR, RCR, OCR District

Do it Matter to the Buyers?

Developer Reputation & District Zone | Does it matter to the buyer?

📌 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.

Developer Reputation

[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

Like this Article or Video?

Check out more Condo Tips here

Posted in

Looking for new properties?

Talk to our experts from Homeseller to get more insights regarding the cash flow and capital gain of your property investments!

Dennis Lim

Dennis has more than a decade of experience investing in real estate. Like many fellow Singaporeans, he grew up in a HDB flat with dreams to live in a condominium. Through careful financial planning & hardwork, this became a reality when he was 30. He now owns 3 private properties in Singapore and has helped hundreds of Singaporeans to achieve their goal of upgrading their homes in land-scarce Singapore.

Insight Topics

Connect With Us

Recent
Investor Insights

Condo Buying Guide

Condo Buying Guide: How to Choose the Right Condo?

7 May 2023

Condo Buying Guide! We’ll discuss various scenarios and provide expert recommendations based on factors like Property Type, Ownership Duration, Quantum

Read More

Does it have to be Freehold?

27 February 2023

“Does it have to be freehold?” This is a common question buyers frequently ask. Find out the answer from Dennis & his team from Property Den.

Read More
when is leasehold 99 better Freeho

When is Leasehold 99 Better than Freehold?

2 February 2023

Freehold is always perceived to be better than Leasehold 99. So, when is leasehold 99 better than freehold? Find out more at Property Den.

Read More

Worst Mistake When Buying Condo

28 January 2023

What is the worst mistake when buying a condo? Avoid making this costly mistake by checking out this article when buying for investment.

Read More

How to Select the Best Condo Unit | Avoid Low Floor?

19 January 2023

Planning to buy a condo? how to select the best condo unit? Should you avoid low floor and units with no views? Is 1 bedroom or 2 bedroom better?

Read More

Testimonials

testimonial-01a

"Dennis came with strong recommendations from a dear friend. He helped me with the purchase of my first property. He was very patient and never once tried to hard sell me to buy a property. Dennis is a trustworthy and knowledgeable professional who I highly recommend with confidence to everyone I know!"

HaoTing

Buyer

Rivervale-Cresta

"Dennis was very helpful and has guided us throughout on the process. He managed to get good number of clients for viewing of our unit. He is very responsive and always readily available when needed. He has excellent negotiation skills as well when required for the deal"

Tarun

Seller