In brief

MND releases home price comparison in OCR

THE National Development Ministry has released the price comparison for homes in the OCR (outside central region) area of Singapore. The average price difference between HDB resale flats and Build-To-Order (BTO) flats is currently 31 per cent, up from 18 per cent in 2004. Between private residential properties and HDB resale flats, the difference is 158 per cent, up from 118 per cent in 2004. Over the last 10 years, new HDB flats have been mostly built in non-mature estates, which are all located in the OCR - with a handful of BTO projects in mature estates that straddle both the OCR and the rest of central region (RCR). OCR and RCR are terms used by the industry to group private properties in Singapore.

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