What does OCR refer to in the context of Singapore real estate?

OCR stands for Outside Central Region, one of three key property market segments defined by Singapore's Urban Redevelopment Authority (URA) to classify private residential areas. It covers suburban districts (postal districts 16–19, 22–28, and parts of 21), including planning areas like Bedok, Tampines, Yishun, Woodlands, Jurong West, Choa Chu Kang, and Sengkang—making up about three-quarters of Singapore. OCR properties are typically mass-market condos and executive condominiums (ECs), more affordable than Core Central Region (CCR) luxury areas or Rest of Central Region (RCR) mid-tier spots, with prices influenced by factors like MRT access and amenities. These segments help track sales trends, pricing, and policies like Additional Buyer's Stamp Duty (ABSD) on EdgeProp Singapore.