There are 3 main regions of Singapore, namely Core Central Region (CCR), Rest of Central Region (RCR) and Outside Central Region (OCR). In total, Singapore has about 28 main postal districts. Follow me today, as I share with you a deeper insight into District 3.
District 3 falls within the Rest of Central Region, which is just outside of the Core Central Region and beside the Outside Central Region. The RCR is usually considered as city fringe. General locations like Alexandra Road, Queenstown, Outram and Tiong Bahru are part of District 3, and it’s known to house mid-tier private residential properties. Even the HDBs developments in this area hold a higher value when compared to their counterparts located in other regions. It’s a very popular area due to its close proximity to the CBD.
Another reason why District 3 is increasingly popular is because property prices in RCR are slightly more affordable, and yet you get to enjoy almost the same, if not better benefits of a property within CCR. Good pricing and value, district 3 embodies both! Based on market reports, the gap between CCR and RCR properties is narrowing. Rents in the RCR region have also outperformed from the CCR and OCR in recent quarters.
Stepping into District 03, you can’t help but to immediately be charmed by its old-school vibes. It has evolved from a sleepy estate to become one of the hippest places to be seen at today, chock full with edgy cafes and famous eateries. District 03 is the old-meets-new cool kid on the block.
Several new high-quality condominiums are developed in this area – offering home buyers or tenant a wide array of choices for residency. Mature estates like district 3 are favoured over their younger counterparts due to their proximity to the city centre, great connectivity and amenities.
District 3 sure doesn't disappoint when it comes to amenities. Singapore General Hospital, Alexandra Hospital and the National Heart Centre Singapore are in the vicinity. Those who enjoy recreational activities will be happy to know that Henderson Community Centre, Kim Seng Community Centre and Queenstown Community Centre are conveniently located within the area. Transportation is a breeze with the multitude of bus services meandering through the area coupled with MRT stations including Tiong Bahru, Redhill, Outram Park, Queenstown and Commonwealth. Havelock MRT station will serve residents when the Thomson-East Coast Line is completed. It takes approximately 15 minutes or less to commute from these stations to the CBD.
There is no lack of educational institutions in the Tiong Bahru and Queenstown areas as well, with schools like Zhangde Primary School, Queenstown Primary School, a couple of secondary schools and international schools, and the Duke-NUS Graduate Medical School located in the area.
You can also enjoy retail therapy at Tiong Bahru Plaza or at the delightful boutiques peppered all over Tiong Bahru, Alexandra Road and Queenstown. Food choices are endless in Queenstown and Tiong Bahru. Wet market can also be found in this area!
District 3 is poised to benefit from The Greater Southern Waterfront URA Master-Plan. More office, commercial, entertainment and residential developments will be established in the near future. This new urban landscape will likely be presenting significant opportunities, redefining and enhancing existing sub-markets as well as create new ones that would offer new locations, different ambience and lifestyles to investors and homebuyers.
If you’d like to know more about District 3 and its investment potential, do contact Centaline Singapore for more.
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