THE CITY FRINGE OF SINGAPORE
The City fringe of Singapore explains the looks and feels of the city. The looks and feels of the city of Singapore have made Singapore a center of attraction to many investors. They are regarded as the Rest of Central Region (RCR) sandwiched with the Core Central Region as coined by the Urban Redevelopment Authority. They comprise of basically the central business districts, Sentosa, District, 10, and 11 together with the Outside Central Region. The Rest of Central Region (RCR) cities which are adding new taste to Singapore are Paya Lebar, Telok Blangah, Tiong Bahru, Toa Payoh, Lavender, Amber Road and Geylang.
However, the OCR comprises of areas in Singapore outside the Central Region. Basically, these are the cities
This includes the densely populated neighbourhoods of Punggol, Woodlands and Jurong, where a wide variety of mass market condominiums are located. In recent years, an increasing number of executive condominiums (ECs) were experienced. They are found at the
- East Planning Region
- North East Planning Region
- North Planning Region
- West Planning Region.
OCR (outside central area) which can otherwise be regarded as an outskirt of the core city is traditionally meant for residential use, such as new developments in Sengkang, Punggol, Hougang, Jurong, Woodlands, Yishun, Sembawang, Tampines, Pasir Ris, etc. and many more. Despite that some regional centers such as Jurong, Woodlands and Tampines have sprung up, it could be that there is only 25% of all property stock within OCR is owned by investors.
THE LOOK AND FEELS OF THE CITY
The preparation of this city towards becoming a great center of tourism has brought other advantages of improving the economic situation of the country. However, these possibilities have drawn many buyers and sellers to shop in the city. There is an increasing growth in the weekend brunches at nearby hipster cafes and shopping is as easy in the city as it is just a few MRT stops away. The beauty of this city is also characterized by the Kallang Riverside Park hosting family outings in just a bike ride away to the main town. There is always a big enthusiasm as the families brings the kids out for a show at the Singapore Sports Hub, having hearty meals at surrounding local cuisine enclaves.
Following the above looks and feels properties and among others is an important factor in making the core central region of Singapore a place to be.
INVESTMENT OPPORTUNITIES IN THE CITY FRINGE OF SINGAPORE
Urban Redevelopment Authority (URA) divided the private residential market in Singapore into three basic regions: The core Central Region (CCR), the Rest of Central Region and the Outside Central Region (OCR)
The following are very important and Germaine to the growth of the cities at the fringe of Singapore.
CITY FRINGE CONDOMINIUMS
In 2016, about 5,600 residential units were sold at the Outside Central Region (OCR). About 1,200 were sold from the Rest of Central Region (RCR) and the Outside Central Region (OCR). Some facts has established the fact that some environmental factor has positioned Singapore to develop more despite the challenges faced with rising prices amid low interest rates, along with bouts of supply-demand shocks after seven rounds of property cooling measures. The sales and purchase of properties which includes condominium is increasing the investment and owners occupation advantages. It has been discovered that the private properties and the Non Landed properties remains the top attraction to the high income group although not at the reach for purchases by many average citizens. However, the existence of the narrow price gap between suburban city and the city fringe private homes, Prospective buyers find city fringe homes to have potential for a better value and location. Moreover, both the secondary market for private condominiums, both mid-tier and mass market segments similarly saw positive price appreciation with some of the newly launched city fringe homes.
GOOD ACCESIBILITY TO SPORTS AND COMMERCIAL CENTERS
One of the key advantages of investing in the properties of the city fringe includes their proximity to commercial centers and greater preference among tenants. However, All the city at the fringe has been drawn to have their proximity to the central business district and the Singapore sport hub. This establish one of the reasons why Singapore is getting popular and unified by the activities of the athletes knowing full well that sport is a unifying factor for any nation. The city is also fully equipped with many amenities and recreation facilities. A new road, Stadium Way, has increased accessibility from Tanjong Rhu to the Singapore Sports Hub and the Kallang area. However, The Tanjong Rhu footbridge has provided a great help to the residents by bringing the resident directly from their condos to the Singapore Sports Hub, the Kallang Wave Mall and Kallang Leisure Park. Both citizens and non citizens of Singapore are having a great opportunity to explore in the sport sector.
In conclusion, the city fringe of Singapore is fast becoming a new world where millions of birds can fly without each disturbing each other. There is an huge opportunity for much people to benefit from the facilities which is sufficient for human personal and economic development in the basic sector of human life based on individual capacity. It is worthy to note that living at the city fringe comes with plenty of entertainment options. World class amenities and facilities are usually strategically located and accessible around the city. World class sporting infrastructure for football, athletics, rugby and cricket, with community lifestyle and entertainment facilities.