CCR Property Market in Singapore : How Affordable is it Really for the Average Singaporean?

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Do you want to invest in the Central Core Region (CCR) property market in Singapore but worried about the cost? You're not alone. Many people think that the CCR is too expensive for the average Singaporean. But is that really true?

In the past, only the wealthy could afford to buy properties in the CCR. Developers built expensive properties to meet that demand, which raised prices to levels that most Singaporeans couldn't afford.

But things have changed. The government and developers now realize that they need to make their properties more affordable to sell them. So, developers have started to change the properties they offer to make them cheaper. This means that more Singaporeans can now afford properties in the CCR, which makes it easier to enter the market.

But don't just take our word for it. Look at the numbers. A chart from a recent Facebook Live shows that there are 278,000 households that can afford properties worth up to 3.39 million. These people are in the 9th decile, with an average household income of $20,000. And that's not even considering the 10th decile, which is even higher.

So, what does this mean for you as a potential investor? It means that there are affordable options available in the CCR. For instance, Perfect Ten is a project that we recommend at this point in time. The 3-bedder size is 1227 square feet, making it affordable for many Singaporeans.

If you're still unsure about investing in the CCR, remember that there are excellent value propositions that you might be missing out on. Don't just follow the crowd and go for the next shiny thing. Keep your eyes open for opportunities that might surprise you. Contact us today at WhatsApp