RCR Posts Lowest New Launches at the Metropolis Fringe with the Least Pipeline Release Deliver this Year 2020

One-North Eden condominium

This graph from EDMUND TIE proves that the breakout of Central Region (RCR) in the town fringe has the smallest slopes launch supply this season, having the estimated total of 1,814 units. This is from this 9,000 pipeline starts wherein greater than 5,000 units are of 99-year leasehold tenure.

One-North Eden condominium is a zoned residential property featuring commercial spaces on the first floor. The site occupies an area of 5, 778.7 sqm.

On the other hand, the study notes that there might be a downturn in new releases as developers may postpone the project starts for H1 amidst continuing doubts stemming from the outbreak.

For 2021, over 1,200 new sale components of pipeline launching supply are anticipated to come onboard, barring any unforeseen conditions for every job on acceptance procedure before launching.

Out of that, the majority, or almost 800 units, is at the External Central Region (OCR) and the rest is at the Core Central Region (CCR). There won’t be any projected pipeline launching supply from the RCR in 2021.

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