Suburban private housing market takes spotlight with surge in new supply
OCR project launches were limited in the past five years.
Singapore’s suburban residential market is poised to take centre stage this year with more than 4,400 new private homes launching in the next 12 months, according to OrangeTee & Tie.
In a report, OrangeTee said 50% of the 8,800 private homes, excluding executive condos, that will be launched this year are in the Outside the Central Region (OCR), 30% in the Rest of the Central Region (RCR) and the remaining 20% in the Core Central Region (CCR).
This will mark the highest percentage of suburban project launches in seven years, when the OCR accounted for 72% of the private homes launched in 2017.