What is the price gap between CCR and RCR

The price gap between the Core Central Region (CCR) and the Rest of Central Region (RCR) in Singapore has narrowed significantly in 2025, with the difference now as little as 1.8% based on mid-2025 data. For example, in the fourth quarter of 2024, the median transaction price for a CCR unit was approximately 3.1 million dollars, while an RCR unit was around 2.79 million dollars, a difference of 310,000 dollars. This represents a significant compression from previous years where the gap was over 1 million dollars. Recently, strong price growth in the RCR and moderate increases in CCR have resulted in the regions’ prices converging, with some RCR projects even achieving per square foot prices similar to those in CCR. This means that the traditional price advantage of RCR over CCR is now much less pronounced, making CCR units comparatively more attractive to certain buyers.