Why is there so much hype over supposedly low CCR prices now?

There is considerable talk about “low” CCR (Core Central Region) prices in Singapore’s property market right now because, relative to the recent surge in luxury segment prices, some new launches and resale units in certain CCR developments have presented prices that look attractive compared to the sharp appreciation seen in prime and city fringe projects this year.

The average price per square foot in the CCR has jumped dramatically this year, making the gap between entry-level or “affordable” CCR properties and the rest seem even wider. This contrast has led to increased interest in what are now seen as “lower entry” opportunities in a market otherwise reaching record highs. Additionally, the perception of a “deal” is heightened by the looming prospect of tighter future supply in the CCR, which could push prices even higher, motivating buyers to act now while there are more options available. As a result, the narrative around “low” CCR prices is essentially a reaction to the current high-growth phase of the luxury segment, with buyers and investors looking for value in a red-hot market.