Why Singapore developers are attracted to Rest of Central Region

It contributed 29.2% of total sales.

According to Knight Frank, developers launched a total of 8,247 units and sold a total of 8,368 new private residential units (excluding Executive Condominiums) from January to May 2013.

The Rest of Central Region (RCR) contributed 29.2 per cent of the total sales volume in the first five months, higher than 18.8 per cent share in 2012.

Here's more from Knight Frank:

The proportion of sales in RCR has been on an upward trend with 14.3 per cent in 3Q 2012, 22.7 per cent in 4Q 2012 and 24.9 per cent in 1Q 2013.

The contribution rose significantly in April and May 2013 by 34 per cent and 41 per cent, respectively.

As property prices in Outside Central Region (OCR) are setting new benchmarks, properties in RCR could render a better deal for prospective buyers, with their better location proposition in terms of proximity to city area at only slightly higher prices compared to those in the OCR.

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