Is the east side good for growth rate?

When evaluating the growth rate of condominium prices in different regions of Singapore, it's important to consider the performance of various areas.

Core Central Region (CCR)

The CCR, which includes areas like the Central Business District and prime residential districts, has historically been driven by foreign demand. However, due to the increased Additional Buyer's Stamp Duty (ABSD) rates for foreigners, this region has seen a slowdown in recent times. Despite this, there are indications of a potential resurgence in the CCR in 2025, driven by new luxury launches and potentially lower interest rates.

Rest of Central Region (RCR)

The RCR has outpaced the CCR in terms of appreciation recently, partly due to the cooling measures affecting foreign buyers more in the CCR. This region has seen stable to slightly increasing prices, with a quarter-on-quarter price increase of 0.8% in Q3 2024.

Outside Central Region (OCR)

The OCR, which includes suburban areas, has also shown stability in prices. While the growth rate here is generally lower than in the CCR and RCR, it remains a popular choice for local buyers due to its affordability and new project launches.

East Side

The East Side of Singapore, which falls largely under the OCR, has seen moderate growth. Areas like Bedok, Tampines, and Pasir Ris have benefited from new developments and infrastructure improvements. The East Side is considered a good option for growth due to its relatively lower prices compared to central regions, making it more accessible to local buyers. Additionally, the ongoing development of the Cross Island MRT Line and other infrastructure projects is expected to enhance the attractiveness and value of properties in this region.

In summary, while the East Side may not experience the highest growth rates compared to some central regions, it offers a stable and potentially growing market driven by local demand and infrastructure developments.