Rents in rest of core central region (RCR) dipped 0.4 per cent in Feb 2020 but increase 2.9% year-on-year. With the upcoming Outram Medical Campus and the transformation of the Greatern Southern Waterfront, it will create ready pool of tenants. In addition, there might be new MRT station cutting through site near Avenue South Residence, thus bringing up the property value. This two factors are primary reasons why it is still selling so well among home-stayers and investors.
Source: The Straits Times
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