Singapore is one of the top destinations in the world for investment in residential places. It is entirely up to you to select where and how to put your hard-earned cash. Singapore is separated into three regions by the URA: CCR, OCR, and RCR.
The CCR (Core Central Region) encompasses some of Singapore’s most beautiful areas, including the Central Business District, Districts 09, 10, and 11, and Sentosa Island. Due to its favorable location and gorgeous high-end residences for rental purposes, this is a very popular Singapore area. If you’re looking for a great rental property, a great location, investment returns, and a lavish lifestyle, this is without a doubt the place to be.
Here are four primary reasons why now is the perfect time to invest in the CCR region of Singapore:
1: Excellent Infrastructure and Location
When it comes to real estate investments, location is paramount. Because of their geographic location, excellent connectivity, and quick access to amenities, properties in the CCR region are premium and affordable. The properties in this area are close to several good schools, shopping malls, restaurants, large parks, and other amenities. Living here is stress-free compared to other locations because everything is just a short walk away. Canninghill Piers is also included in the list as one of the upcoming new condo launches in the CCR region.
2: High Capital Appreciation
Every investor wants to put their money into a market that will generate higher returns. Property in the CCR region appreciates in value over the years. You can indeed be confident that you will be able to sell the residence at a greater price in the future, resulting in desired capital gains. According to URA data on the CCR region, 729 residential properties were sold during the first quarter of 2017, 1,171 in the second quarter, and 1,470 in the third quarter. Property sales have increased significantly over the past few years.
According to a 2018 market study, home sales have crossed $5 million for the first time since 2014. The tremendous demand for residences in CCR among both locals and foreigners is contributed to the high sales. If the trend continues, you can look forward to high capital appreciation from your investment in CanningHills Piers.
3: Great Rental Income
CCR properties are generally least affected by the reduction in rental income in several other locations. Due to various high demands and a limited privately rented vacancy rate due to strong opposition to oversupply, CCR homes generate an excellent rental income.
The vacancy rate for residential properties was 6.8% in the third quarter of 2018. Part of a decrease in vacancy can be related to the reduction in foreign worker quotas, which has resulted in a drop in the number of potential renters. Oversupply is the primary source of vacancies.
Rental income from residences in other locations is inconsistent due to oversupply. CCR, on the other hand, has a steadier rental revenue with a slight decrease. According to URA, rental revenue in this region fell by only 3.8 percent in 2018, whereas the RCR and OCR had significant 5 to 5.6 percent drops.
Oversupply is less of a problem with CCR homes. Despite the opening of many homes, the properties are in high demand due to their outstanding location. The launch of roughly ten new condos in Sembawang or Sengkang will not affect the market for a property launched in River Valley. If you own a residence in CanningHills Piers, you will generate a significant amount through rental income.
4: Limited Land Supply
Besides the strong demand, Singapore’s land supply is limited. A home in Singapore’s CCR won’t be accessible for long, so if you’d like to purchase one, you’ll have to act quickly when the opportunity arises. Due to the limited supply of properties, you can anticipate a price increase for your home and, as a result, large future capital gains.
Finally, CCR is the best investment option in Singapore. Purchasing real estate in this metropolis is similar to buying stock in a well-known company. Property values are steadier here, and you can count on a definite return on the investment. While the inexpensive costs of homes in OCR and RCR are appealing, you must also contend with high vacancy rates and little capital appreciation. The CCR protects your investment as a landlord or homeowner. If you invest in CanningHills Piers, you will get a high property price to earn a recurring income with a rental.
Where is Canninghill Piers Condo located?
The Canninghill Piers is located along River Valley Road in District 6. Situated in the matured neighborhood of Clarke Quey estate with an abundance of amenities, The Canninghill Piers condo also provides covered walkways to Fort Canning MRT and Bus Interchange so that residents are sheltered from sudden weather change!
What are the major malls around Canninghill Piers Square?
There are major shopping malls such as FairPrice Chinatown Point, Cold Storage UE Square, and I-Tec Supermart Pte Ltd for all daily shopping needs.
What are the major amenities and facilities around Canninghill Piers Square?
Yes, amenities can be easily accessible from Canninghill Piers at the heart of the Ophir-Rochor Corridor.
Malls & Amenities – FairPrice Chinatown Point, Cold Storage UE Square, and I-Tec Supermart Pte Ltd.
Are there schools nearby Canninghill Piers?
Canninghill Piers Square is 5 minutes away from prestigious schools like Cambridge @ Robertson, River Valley Primary School, and Outram Secondary School.
What is the transportation facility available around Canninghill Piers?
Canninghill Piers is 100m away from Fort Canning MRT Station (Downtown Line).
Canninghill Piers condo is 100m away from Fort Canning Interchange.
When will Canninghill Piers condo be expected to complete for Residents?
Canninghill Piers Condominium, jointly developed by City Developments (CDL), CapitaLand, and Ascott Reit, will be completed by November 2027.
What kind of property is Canninghill Piers?
Canninghill Piers is a brand-new mixed commercial cum residential development. This development sits next to Fort Canning MRT station showcasing a total of 480 private homes integrated with Clark Quey bus interchange, polyclinic, and town plaza.
What is the registration process for Canninghill Piers viewing?
For Registration, please call +65 8383 3666 or feel free to drop a message through the registration form on our website. Show flat will be ready for viewing soon and is available on an appointment basis only.