Can you explain this chart?

The chart shows that in the latest quarter, non-landed private home prices in the Core Central Region (CCR) experienced the strongest growth among all regions, rising about 3% quarter-on-quarter. This recent increase outperformed both the Rest of Central Region (RCR) and Outside Central Region (OCR). The upturn in CCR prices occurs after a previous lull, with earlier quarters showing a narrower price gap between CCR and RCR.

This creates a notable window for buyers as CCR properties are available at a historically low premium compared to RCR, making prime and “blue-chip” locations more attractive, especially as government-led urban rejuvenation projects (such as for Orchard Road and Newton) start to reinforce their long-term value proposition. The chart, therefore, reveals that CCR prices are rebounding—signalling renewed interest and potential for capital appreciation—while remaining competitive compared to other urban regions.

In summary, this quarter’s chart highlights a strong recovery in CCR prices, reflecting renewed demand and possibly foreshadowing future growth as prime central locations regain prominence and value in the Singapore property market.