What is the price gap in CCR

The price gap in the Core Central Region (CCR) refers to the difference in property prices between CCR and the other regions like the Outside Central Region (OCR) and Rest of Central Region (RCR). In 2025, this gap has narrowed significantly. For example, in the first quarter of 2025, the median price gap between the CCR and OCR stood at around 16.3%. For specific new launches during the same period, the gap was as narrow as 7% when comparing the median prices per square foot, with CCR properties at approximately $2,554 psf and OCR properties at around $2,386 psf.

The narrowing price gap is largely due to a significant increase in new CCR project launches, which has increased competition and supply within the CCR, potentially creating more opportunities for buyers seeking value in prime locations. The current median transacted price in CCR for the first half of 2025 is also at its lowest point since 2021, suggesting a potential window for buyers looking for entry into the prime region at relatively attractive prices.

This shift has led to renewed interest from investors and home buyers who perceive diminished premiums for prime CCR properties compared to mass market homes, which may affect buying strategies and long-term investment decisions.