Now that Stalingrad and Teddybear has both answered. both wear the common man's watches, Casio and Seiko.
Stalingrad is right. Both of them has much more in common than previously thought
But from my experience, the quality of fixtures and fittings are important, especially plumbing.
I guess the solution for Teddybear is to buy an OCR, rip out all the plumbing and install quality plumbing. Waterproof the ceiling in case the neighbours above leak below. Install marble flooring.
What would be the cost of the total makeover for a 1400sf condo? $200k? That would be about 143psf.
By the way, no wonder Stalingrad and Teddybear are loggerheads. Stalingrad = USSR, Teddybear (Theodore Roosevelt) = USA.
Seiko (Stalingrad) and Casio (Teddybear) are rivals.
By the way, has anyone seen the Property Price Index Chart for CCR, RCR, OCR?
If you have seen them, PPI for CCR and OCR are kind of superimposed. It is only recently, 2005 onwards that CCR diverge greatly and converged again during the recession.
There is still a gap right now but narrowing.
My prediction in 2011? they will converge. I believe the period 2006-2008 is an anomaly.
1) CCR stagnant and OCR will rise.
2) CCR fall down and OCR stagnant.
I am vested in a few CCR properties. None in OCR
Why do I buy CCR? The rich are more likely to buy CCR, more potential for capital appreciation. (that's why the recovery in 2009 in kinda of disappointing for me.)
Furthermore, I want to avoid being considered a trader, where I will be charged for capital gains.
So buy more expensive and fewer units rather than cheaper and more units.
I want to ride the up cycle, but not the down cycle, so my holding period is 4-5 year only. Rental yields are not that important. Most money is made when you sell and not when you rent.
That of course beggars the question, why does the rich like CCR?
As to difference in access CCR vs OCR, I don't know, I don't stay in Singapore.