Singapore Property Weekly Issue 74

7/31/2019 Singapore Property Weekly Issue 74

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Issue 74Copyright 2011-2012 www.Propwise.sg. All Rights Reserved.
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ContributeDo you have articles and insights and articles that youd like to share

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CONTENTSp2 5 Bestselling New Property Launches of September

p8 Do the Additional Stamp Duties and

HDB Cash Over Valuation Make Sense?

p12 5 Year Property Transaction History Now Here!

p16 Singapore Property News This Week

p23 Resale Property Transactions

(October 3 October 9)

Welcome to the 74th edition

of the Singapore Property

Weekly.

Hope you like it!

Mr. Propwise

FROM THE

EDITOR
mailto:[email protected]://www.propwise.sg/advertise/http://www.propwise.sg/advertise/mailto:[email protected]


3/26

SINGAPORE PROPERTY WEEKLY Issue 74

Page | 2Back to Contents

What are the top selling projects by

developers last month? In this article, based

on analysis done at

PropertyMarketInsights.com, we will share

with you the five bestselling non-landed

projects launched by developers in

September 2012 ranked by the number of

units sold, based on URA data. This list is a

quick way for you to identify new projects that

are selling well. Looking at the location,

number of units sold and prices, you can get

a sense of where the hot areas and projects

are, and spot interesting opportunities in

projects nearby that could be selling at a

significant discount.

5 Bestselling New Property Launches of September
http://propertymarketinsights.com/http://propertymarketinsights.com/http://propertymarketinsights.com/http://propertymarketinsights.com/


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5. Bartley Residences, 78 units sold

(All map screenshots are taken from

OneMap.sg)

With 70 units sold in September, Bartley

Residences ranks fifth. With 702 units, the 99-year leasehold Bartley Residences is

expected to be completed by 2015. Bartley

Residencess attraction is its convenient

location. It is located at Lorong How Sun,

within walking distance from Bartley MRT.

Also in the district are schools like MarisStella High School and Bartley Secondary

School, and this project has easy access to

an array of amenities such as public

transport, eateries and supermarkets nearby.


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4. Foresque Residences, 104 Units Sold

With 104 units sold in September, Foresque

Residences takes fourth place. The 99-year

leasehold condominium is expected to be

completed by 2015 with 496 units. Foresque

Residence offers facilities such as a tennis

court and a swimming pool. Foresque

Residences is located at 101-109 Petir Road,

near Bukit Panjang LRT and the upcoming

Hillview MRT. Also in the district are schools

like Chestnut Drive Secondary School and

Bukit Panjang Primary School. Residents can

go to Junction Ten or Bukit Panjang Plaza for

amenities.


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3. Riversails, 203 Units Sold

With 203 units sold in September, Riversails

is in third place. The 99-year leasehold

condominium is expected to be completed by2017 with 928 units. River Sails offers an

interesting array of facilities like a jungle gym,

mini theatre, stage of tales, island swirl spa,

green trellis, camping lawn, paddle boats and

yoga pool. Riversails is located at 20, Upper

Serangoon Crescent, near Hougang MRT

and Buangkok MRT. Nearby schools include

Pei Hwa Secondary School and Fernvale

Primary School. Residents can go to

Compass Point and Rivervale Plaza for daily

amenities.


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2. Kovan Regency, 369 Units Sold

Kovan Regency secures second place with

369 units sold. The 99-year leasehold

condominium is expected to be completed by2016 with 393 units, most of them sold this

month. Kovan Regency offers family friendly

facilities including a spa pool, reflecting pool,

water jet platform, children's playground and

tree grove. Kovan Regency is located at 2

Kovan Rise, near Kovan MRT and Hougang

MRT. Also in the district are schools like

Yuying Secondary School and Xinghua

Primary School. Residents can go to

Hougang Mall for amenities.

SINGAPORE PROPERTY WEEKLY I 74


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1. eCO, 402 Units Sold

With 402 units sold in September, eCO is in

third place. The 99-year leasehold

condominium is expected to be completed by2017 with 748 units. eCO offers nature-

centric facilities like a garden boulevard trail,

play garden, fitness garden, flower terraces

and rain garden pavilion. Riversails is located

at Bedok South Avenue 3 near Tanah Merah

MRT and Bedok MRT. Nearby schools

include Bedok View Secondary School and

Bedok Green Primary School. Residents can

visit Sheng Siong Supermarket nearby or

NTUC Fairprice for daily amenities.

SINGAPORE PROPERTY WEEKLY I 74


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Now that you know what new properties are

selling well, use this knowledge to your

advantage. Identify market trends and choose

the right time to make your move. Till next

month!

Want a longer list of the bestselling new sale

projects? Or a list of the cheapest ones? You

can get this and much more at

PropertyMarketInsights.com, a site that helps

investors spot opportunities and time theirSingapore property purchases. Click here to

get your FREE report on Understanding the

Property Market Cycle to invest profitably

now.

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Do the Additional Stamp Duties and HDB Cash Over Valuation Make Sense?

By guest contributor The Folks

A letter from a certain Mr Zhuang Li-Hao was

published in the Straits Times forum page

recently. Mr Zhuang felt that existing policies

curb transaction volumes, but are by

themselves inflationary. This is why prices

continue to rise despite the various rounds of

cooling measures. He suggested two ways to

modify current housing policies to stabilize

housing prices and demand:

1. Replace Additional Buyer's Stamp

Duty (ABSD) and Seller's Stamp Duty

(SSD) with a capital gains tax

Mr Zhuang feels that both ABSD and SSD

deter speculators, but directly increase the

costs of ownership and transaction.



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And in a rising housing market, buyers and

sellers will hold on to their positions. Sellers in

particular, will build the ABSD and SDD into

selling prices. As such, the number of

transactions will drop as prices increase.

He proposed to replace ABSD and SSD with

a capital gains tax of 100 percent, 75 percent,

50 percent and 25 percent respectively in the

first four years. In this way, the cost of

ownership remains the same. Speculators

have no incentive to buy and sell since all

profits are taxed, especially in the first year,

while genuine buyers and sellers are not

punished.

2. Replace the Cash Over Valuation (COV)

with Cash Over HDB Price

The COV component for resale flats creates a

volatile and unstable system as valuation is

based on the last transaction. In a rising

market, every transaction increases valuation

by the COV amount.

Mr Zhuang proposed to replace COV with

cash over HDB price. The prices of flats that

HDB sold to the first owners are fixed. The

new component will force buyers to fund the

difference between the selling and original

prices with cash or CPF savings, and not with

loans. He felt that thus will immediately create

a stable pricing system.

Our thoughts on the suggestions

A couple of thoughts after reading the article:

My wife and I have bought and sold three

different properties over the course of six

years, prior to our current home. We onlyowned those properties for less than two

years each but we were staying in all the

properties concerned during the period of

ownership.



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Does that still make us a speculator as

opposed to genuine buyer and seller?

While we understand the (real) reason

our Government would prefer alternative

form of measures to cool the market

rather than imposing capital gains tax, is

the latter really a more effective measure

to stabilize housing prices and demand?

The proposal by Mr Zhuang is likely to kill

the sub-sale market instantly and reduceactivities in the resale market . But if it is

indeed true that the current high prices

are due to exceptional strong demand for

mass-market homes from genuine

upgraders with primarily HDB addresses,

even the change-over to a capital gain taxwill have a muted effect on buying

interests.

And speaking of COV and escalating

HDB resale prices, the whole purpose of

subsidized public housing is to ensure

that every Singaporean has a roof over

their heads and to fulfill their aspirations

of home ownership. It is not meant to be amechanism for people to make money.

One of the primary reason prices for mass-

market homes being "chased up" to the

current levels is because of the money that

potential HDB upgraders can make out of

selling their flats these days. As such, the

Cash Over HDB Price proposal is an

interesting proposition. The public housing

market should be "controlled" for both the

new and resale markets. You can have all the

free market mechanism you want in the

private housing sector.

By The Folks who blog atSG PropTalk.

http://sgproptalk.blogspot.com/http://sgproptalk.blogspot.com/http://sgproptalk.blogspot.com/http://sgproptalk.blogspot.com/


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5 Year Property Transaction History Now Here!

Weve heard the feedback! We are glad toannounce our 5 Year Transaction History

pages, the #1 requested feature by members

of PropertyMarketInsights.com, a leading

web-based research and analysis

membership site that covers all segments of

the Singapore property market. Basically whatour members get is a regularly updated and

searchable database of residential (non-

landed and landed), commercial (shop, office

and shophouse) and industrial transactions.

This feature is much more powerful than

many of the other tools out there. For

example, when you check transactions at

URAs website,

http://propertymarketinsights.com/http://propertymarketinsights.com/http://propertymarketinsights.com/http://propertymarketinsights.com/


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it does NOT reveal the exact floor or unit of

the property sold. If you were trying to

compare a unit on a low floor facing the

garbage dump versus one on a high floor with

sea view, would the prices be different? Youbet! And ifyoure interested in commercial or

industrial property, theres nothing similar out

there that were aware of.

Accessing the 5 Year Transaction Search

Pages

Once youre logged in, PMI members will be

able to access the transaction pages via the

menu bar at the top of your screen (see

screenshot below). All members can access

the non-landed residential transactions page,

only Premium and Pro members can accessthe landed residential page, and only Pro

members can access the Shop, Office,

Shophouse and Industrial transactions pages.

Dont have a membership yet? Get one now.

Want to track transactions in a particular

project?

Lets say youre interested in a particular

project, for example Bayshore Park. Just

type that into the Search box to get all the

units that have transacted in the last five

years.

http://propertymarketinsights.com/http://propertymarketinsights.com/http://propertymarketinsights.com/http://propertymarketinsights.com/http://propertymarketinsights.com/http://propertymarketinsights.com/


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Its a great way to get to see both the volume

and pricing history of transactions for any

project youre interested in.

Want to know how much the seller paid for

his property?

One of the extremely helpful uses of this page

is to find out what price and when the

particular unit you are interested in was last

transacted at. For example, lets say youre

interested in unit #09-11 at The Sail, and the

seller is asking for $1.5 million for it. When

negotiating on the price, wouldnt it be usefulto know what price the seller paid for it, and

when he or she bought it?

To do so, just head to the 6.1 Non-Landed

Residential Transactions Search page and

type in thesail in the Project Name box and

09-11 in the Address box and click Search.

When you do so youll find out that the seller

bought the apartment in January 2011 for

$1.27 million. Knowing this, and assuming the

seller is not financially stressed (i.e. forced to

sell because he desperately needs the

money), you know that his minimum

transactable price is likely around $1.3

million, because below that,



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S G O O ssue


he will be losing money.

If youre in the market to buy or sell a

residential, commercial or industrial property,

the 5 Year Transaction History pages are

indispensable tools for any serious property

investors. At least for those who dont want to

lose money Try it out now at

PropertyMarketInsights.com.

http://propertymarketinsights.com/http://www.propwise.sg/secretsofsingaporepropertygurus/http://propertymarketinsights.com/http://propertymarketinsights.com/http://propertymarketinsights.com/


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Singapore Property This Week


Residential

Developer sales in September break 2010

records

2,621 private homes excluding ECs were sold

in September, an 83.7% increase from August

and the highest since July 2009's 2,772 units,

thus bringing the total units sold this year to

17,927 units, up 12.7% from 2011s full-year

record and 10% from 2010s full-year record.

This is mainly driven by the sales in the

Outside Central Region, which saw a 146%

increase from 837 units in August to 2.062

units in September. This may be due to the

increase in new launches in September to

2,224 units from 1,118units in August as well

as the high liquidity and low interest rates.

September sales also brought the total

developer sales in Q3 to a preliminary 5,999

units but sales are expected to slow in Q4,

leading to a full-year record of 21,000-22,000

units. 150 EC units were also sold in

September, up from 118 units in August,

bringing the preliminary Q3 figure to 392 units

and the year-to-date figure to 2,818 units,

compared to 2,883 units last year. The sales

are expected to increase further in Q4.

(Source: Business Times)

Khaw: Cooling measures successful

Minister for National Development Khaw

Boon Wan said that the cooling measures in

the property market to ensure that housing



18/26


remains affordable has been successful as

both the private property and the HDB resale

markets are stabilising, with the moderation of

the growth in private property prices from 6%

last year to 0.9% in Q1 to Q3 2012. Theyearly growth of the Resale Price Index has

also fell from 10.7% in 2011 to 3.9% in the Q1

to Q3 2012, though Q3 reflected a 2.0%

increase from Q2. Despite the increase in

BTO supply, it will still take time for it to catch

up with demand.

Meanwhile, five 99-year leasehold sites

potentially yielding 2,880 homes have been

released for sale to increase supply of

residential homes, of which two are ECs. The

first is a 153,999 sq ft EC site at the junction

of Punggol Field Walk and Punggol East, next

to Flo Residences. With its 461,997 sq ft

GFA, can yield 435 units. It is likely to attract

three to eight bidders, with a top bid of $270 -

$329 psf ppr, since there is competition from

significant housing supply in the area, and the

site is located away from the Punggol MRT

station and the town centre. The tender

closes on Dec 6. The second is a 120,855-sq-ft site with 592,189 sq ft GFA located next

to Sky Habitat in Bishan St 14. The site which

can generate 645 units is expected to attract

ten to 15 bidders, with a top bid of $750 to

$850 psf ppr. It has an expected launch price

of $680 to $735 psf ppr. The tender closes onNov 29. A third EC site at the Sembawang

Crescent- Sembawang Drive junction will be

launched for tender on Oct 30. The 233,760

sq ft site has a 654,527 sq ft GFA and can

yield about 650 units. It could potentially

attract four to seven bidders, with a top bid of$250-330 psf ppr. Also available are two

reserve-list sites in Tampines Ave 10, Parcels

C and D. Parcel C is a 238,860 sq ft



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site with a 668,806 sq ft GFA that can support

680 units while Parcel D is a 168,567 sq ft

site with a 471,988 sq ft GFA that can

support 470 units.


99-year leasehold Tanah Merah site draws

$434.6m top bid

The residential site next to Tanah Merah MRT

along New Upper Changi Road attracted a

total of 11 bids, with the top bid of $434.6

million or $791.42 psf ppr from Keppel Land

unit Sherwood Development. The developer

plans to develop about 700 one- to four-

bedroom units (500-1,400 sq ft). The

expected breakeven cost and average selling

price are $1,150-1,250 psf and over $1,300

psf, respectively.


Chee Hoon GCBA bungalow plot up for

sale

A two-storey detached house with an attic sits

on the 14,000-square-foot bungalow plot in

Chee Hoon Avenue Good Class Bungalow

Area (GCBA) is up for sale by public tender. It

is asking for $20.5-21.5 million or $1,454 to

$1,525 psf of land area. It is near Coronation

Shopping Centre, Serene Centre and

Nanyang Primary School. The tender closes

on Nov 14 at 3pm.


Commercial

Five Chin Bee terrace factories up for sale

The former factory premises of International

Flavors & Fragrances located in JTC Corp's

Chin Bee Food Zone at the corner of Jalan



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Boon Lay and Enterprise Road is asking for

$20 million. The property consists of five

terrace factories (four two-storey and one

three-storey) on five contiguous plots zoned

Business 2 with a total of 75,018 sq ft landarea with remaining leases of 23-30 years.

The existing 57,112 sq ft GFA is much lesser

than the maximum allowable GFA of 159,591

sq ft, allowing for substantial redevelopment.

The tender closes on Nov 29.


Two freehold shophouses at Tanjong

Katong up for sale

The pair of four-storey shophouses at

Tanjong Katong Road within the gazetted

Tanjong Katong Conservation area has beenlaunched for sale by public tender with an

indicative pricing of $10-12 million. The

shophouses with a total of two retail shops on

the first level and six apartment units on the

upper levels sits on a 3,811 sq ft land zoned

Residential with Commercial on the first

storey with a 3.0 GPR and a 11,046 sq ft

GFA. They could be used as as staff quartersor student hostel subject to the approval of

the relevant authorities, refurbished before

renting for better rental yield or strata-titled

and sold individually. The fully tenanted

shophouses currently yield an estimated total

gross monthly rental revenue of $18,350. Thetender for the subject properties closes on

Nov 2, 2012 at 2.30pm.


URA believed to be setting informal

guidelines on shop sizesWhile the URA has yet to release any official

guidelines, it was generally believed that URA

is setting informal guidelines on shop sizes to



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discourage the increase of small shops in new

developments and investment demand of

strata shops. It is said to be encouraging a

minimal 50% of the retail portion for 60 sq m

units, a maximum 40% and 10% for 25-59 sqm units and 15-24 sq m units. It was also

believed that URA is recommending 100 sq m

as either a minimum or average unit size for

strata office units.This may be because a

development with mainly small units may

result in carpark shortage and trafficcongestion in the local area. Another reason

could be the increased investment demand

for strata units, which had resulted in high psf

prices. A potential problem of having too

many small shop units is that tenants may not

be found, though some operators maycombine these into a larger unit. Alternatively,

these units may be used for storage, or retail

purposes that require little space such as

massage outlets and nail salons, which may

not be the original intention of the planners.


No sign of speculations in prices of HDBshophouses

Since resale transactions of HDB-sold shops

makes up only 3-7% of the total stock of

HDB-sold shops (8,700), there are no signs of

speculation in the prices of such shops. 216

such shops were transacted in 2012 so far, of

which 6% were resold within one year. 95% of

the sold shops are owned by Singaporeans

and Singapore-owned companies, with the

remaining owned by permanent residents

(PRs), foreigners and foreign- owned

companies. There would not be new

restrictions on citizenship eligibility on

transactions since these shops are sold



22/26


without restrictions and in accordance with

demand.


Improved sentiment for strata shops and

offices

Almost $1.3 billion of strata retail units have

been transacted so far this year and over

$1.6 billion of strata office units have been

transacted since January, compared to $685

million and $1.4 billion respectively in 2011.This is due to the increased demand from as

a result of increased awareness of the gains

to be made from purchasing strata

commercial units, and the fundamentals such

as increased interest in this sector as

investors are diverted away from theresidential market as a result of the cooling

measures, low interest rates on savings and

low mortage rates.


Moderation of industrial property prices

expected

Average transacted prices for new strataindustrial units fell slightly in Q3, while prices

for resale strata industrial properties with 30-

year leases increase by 3.8% in the same

period to $249 psf, compared to a 28%

increase in Q2 from Q1. Meanwhile, sixty-

year and 99-year leasehold and freeholdindustrial properties registered 12%, 3% and

8% increases respectively. While the

industrial property sector may benefit from

the QE3, prices and price growth may

moderate given the uncertain economic

outlook, leading to a slower growth of

average capital values of industrial space by

up to 4% in Q4. The average capital values of

ground and upper floor prime freehold factory

http://www.moneymatters.sg/


23/26


space in Q3 increased by 5.1% and 6% to

$699 psf and $636 psf respectively. Prices

may remain stable in the medium term if

financing remains easily available, especially

for new 30-year leasehold units but may fall inthe long term with the expected increase in

20 million sq ft supply of factory and industrial

space in 2013. Rents are expected to remain

fairly stable, with a slower growth of under

1.5%, as a result of the current high industrial

property prices, lease renewals, and possiblyrelocation and expansion.


http://www.moneymatters.sg/


24/26


Non-Landed Residential Resale Property Transactions for the Week of Oct 3 Oct 9

Postal

DistrictProject Name

Area

(sqft)

Transacted

Price ($)

Price

($ psf)Tenure

1 THE CLIFT 506 1,230,000 2,431 99

1 THE SAIL @ MARINA BAY 614 1,270,980 2,072 99

2 SPOTTISWOODE PARK 1,313 960,000 731 85

3 MERAPRIME 840 1,230,000 1,465 99

3 MERAPRIME 1,173 1,715,000 1,462 99

3 QUEENS 915 1,300,000 1,421 99

3 THE REGENCY AT TIONG BAHRU 1,636 2,130,000 1,302 FH

3 CENTRAL GREEN CONDOMINIUM 1,292 1,500,000 1,161 99

4 MARINA COLLECTION 2,099 5,982,150 2,850 99

4 SEASCAPE 2,852 7,726,068 2,709 99

4 CARIBBEAN AT KEPPEL BAY 1,249 1,900,000 1 ,522 99

5 ONE-NORTH RESIDENCES 1,615 2,380,000 1,474 99

5 CLEMENTIWOODS CONDOMINIUM 1,625 1,920,000 1,181 99

5 VARSITY PARK CONDOMINIUM 1,572 1 ,830,000 1,164 99

5 BLUE HORIZON 1,152 1,250,000 1,085 99

5 THE PARC CONDOMINIUM 2,648 2,727,440 1,030 FH

5 VISTA PARK 904 800,000 885 99

7 THE BENCOOLEN 872 1,200,000 1,376 99

8 KENG LEE COURT 474 625,000 1,320 FH

8 THE MERLOT 517 630,000 1,219 FH

9 RICHMOND PARK 1,292 3,488,000 2,700 FH

9 LEONIE STUDIO 936 1,685,000 1,799 99

9 MIRAGE TOWER 1,227 2,088,880 1,702 FH

9 BELLE VUE RESIDENCES 3,444 5,650,000 1,640 FH

Postal


Area

(sqft)

Transacted

Price ($)

Price

($ psf)Tenure

9 ASPEN HEIGHTS 1,044 1,670,400 1,600 999

9 ASPEN HEIGHTS 1,130 1,770,000 1,566 999

9 RESIDENCES AT 338A 1,119 1,740,000 1,554 FH

9 ASPEN HEIGHTS 3,122 4,750,000 1,522 999

9 CAVENAGH GARDENS 1,206 1,520,000 1,261 FH

10 ARDMORE PARK 2,885 8,880,000 3,078 FH

10 ARDMORE II 2,024 5,700,000 2,817 FH

10 RISING SUITES 743 1,360,000 1,831 FH

10 THE CORNWALL 1,044 1,850,000 1,772 FH

10 THE LEVELZ 797 1,242,000 1,559 FH

10 SOMMERVILLE PARK 2,336 3,575,000 1,531 FH

10 WATERFALL GARDENS 1,830 2,800,000 1,530 FH

10 MONTVIEW 1,744 2,650,000 1,520 FH

10 VALLEY PARK 764 1,158,000 1,515 999

10 VILLAGE TOWER 1,808 2,530,000 1,399 FH

10 OLINA LODGE 1,625 2,150,000 1,323 FH

11 SOLEIL @ SINARAN 581 1,165,000 2,004 99

11 LUCIDA 624 1,150,000 1,842 FH

11 IRIDIUM 753 1,270,000 1,686 FH

11 THOMSON EURO-ASIA 1,292 2,080,000 1,610 FH

11 NOVENA COURT 861 1,250,000 1,452 FH

12 TREVISTA 1,119 1,530,000 1,367 99

12 PARC HAVEN 904 950,000 1,051 FH

12 THE RICHMOND 1,249 1,290,000 1,033 FH



25/26


Postal


Area

(sqft)

Transacted

Price ($)

Price

($ psf)Tenure

12 THE ABERDEEN 1,302 1,342,500 1,031 FH

13 ONE LEICESTER 1,378 1,700,000 1,234 FH

13 MEYA LODGE 1,216 1,288,000 1,059 FH

14 DAKOTA RESIDENCES 1,313 1,675,000 1,276 99

14 THE WATERINA 1,345 1,600,000 1,189 FH

14 THE TRUMPS 1,389 1,580,888 1,139 99

14 CANNE LODGE 818 920,000 1,125 FH

14 CHEN FANG MANSIONS 936 870,000 929 FH

14 SIMS GREEN 1,625 1,100,000 677 99

14 WING FONG MANSIONS 1,227 800,000 652 FH

15 THE BELVEDERE 1,012 1,650,000 1,631 FH

15 THE SEAFRONT ON MEYER 1,066 1,600,000 1 ,501 FH

15 THE COTZ 452 673,000 1,489 FH

15 THE WATERSIDE 2,400 3,550,000 1,479 FH

15 ONE AMBER 1,389 2,000,000 1,440 FH

15 CASA MEYFORT 1,765 2,310,000 1,309 FH

15 WATER PLACE 1,281 1,670,000 1,304 99

15 PEBBLE BAY 1,378 1,760,000 1,277 99

15 PARKSHORE 1,335 1,648,000 1,235 FH

15 WATER PLACE 1,561 1,900,000 1,217 99

15 MANDARIN GARDEN CONDOMINIUM 732 818,000 1,118 99

15 FERNWOOD TOWERS 1,636 1,800,000 1,100 FH

15 TANJONG RIA CONDOMINIUM 1,399 1 ,535,000 1,097 99

15 SEASIDE PARK 592 645,000 1,089 999

15 IVORY 1,152 1,240,000 1,077 FH

15 TANJONG RIA CONDOMINIUM 1,399 1,500,000 1,072 99

15 AMBER RESIDENCES 4,080 4,080,000 1,000 FH

Postal


Area

(sqft)

Transacted

Price ($)

Price

($ psf)Tenure

15 AMBER RESIDENCES 4,230 4,230,000 1,000 FH

15 EASTVILLE APARTMENTS 1,001 995,000 994 FH

15 MANDARIN GARDEN CONDOMINIUM 1,572 1,510,000 961 99

15 EASTWIND MANSIONS 1,345 1,080,000 803 FH

16 EASTWOOD REGENCY 409 620,000 1,516 FH

16 CASA MERAH 1,389 1,660,000 1,195 99

16 THE SUMMIT 1,249 1,360,000 1,089 FH

16 THE SUMMIT 1,238 1,225,000 990 FH

16 SUNHAVEN 1,259 1,200,000 953 FH

16 IDYLLIC EAST 1,905 1,800,000 945 FH

16 EASTWOOD GREEN 1,173 1,050,000 895 99

16 KEW GREEN 3,089 2,100,000 680 99

17 DAHLIA PARK CONDOMINIUM 1,281 1,200,000 937 FH

17 DAHLIA PARK CONDOMINIUM 1,862 1,428,000 767 FH

18 LIVIA 915 960,000 1,049 99

18 EASTPOINT GREEN 1,173 1,070,000 912 99

18 THE TROPICA 1,238 1,123,000 907 99

18 LIVIA 2,680 2,130,000 795 99

18 ELIAS GREEN 1,528 980,000 641 99

19 COMPASS HEIGHTS 1,249 1,200,000 961 99

19 KOVAN 81 1,033 960,000 929 999

19 THE SUNNYDALE 1,270 1,080,000 850 99

19 EVERGREEN PARK 1,012 828,000 818 99

19 EVERGREEN PARK 1,044 845,000 809 99

20 CLOVER BY THE PARK 1,733 2,050,000 1,183 99

20 BOONVIEW 2,368 2,800,000 1,182 FH

21 THE CASCADIA 883 1,526,000 1,729 FH



26/26


NOTE: This data only covers non-landed residential resale propertytransactions with caveats lodged with the Singapore LandAuthority. Typically, caveats are lodged at least 2-3 weeks after apurchaser signs an OTP, hence the lagged nature of the data.

Postal


Area

(sqft)

Transacted

Price ($)

Price

($ psf)Tenure

21 CLEMENTI PARK 2,325 2,525,000 1,086 FH

21 BUKIT REGENCY 1,399 1,480,000 1,058 FH

21 SIGNATURE PARK 1,421 1,480,000 1,042 FH

21 HUME PARK II 1,249 1,280,000 1,025 FH

21 HUME PARK I 1,496 1,450,000 969 FH21 HUME PARK II 1,249 1,200,000 961 FH

21 MAYFAIR GARDENS 1,550 1,445,000 932 99

21 PINE GROVE 1,755 1,620,000 923 99

21 PINE GROVE 1,701 1,438,000 846 99

21 PINE GROVE 1,668 1,390,000 833 99

21 LE WOOD 1,141 922,000 808 99

21 KISMIS VIEW 2,185 1,560,000 714 99

22 THE LAKESHORE 926 1,060,000 1,145 99

22 THE LAKESHORE 1,109 1,186,000 1,070 9922 PARC OASIS 1,378 1,260,000 915 99

22 PARC VISTA 1,066 920,000 863 99

22 LAKEHOLMZ 1,518 1,250,000 824 99

22 THE MAYFAIR 1,227 1,000,000 815 99

22 LAKESIDE APARTMENTS 1,518 906,888 598 99

23 PARK NATURA 1,012 1,250,000 1,235 FH

23 DAIRY FARM ESTATE 1,281 1,500,000 1,171 FH

23 ESPA 1,087 1,238,000 1,139 999

23 THE DAIRY FARM 1,593 1,760,000 1,105 FH23 HILLINGTON GREEN 1,356 1,450,000 1,069 999

23 HILLVIEW RESIDENCE 1,270 1,200,000 945 999

23 HILLVIEW REGENCY 1,109 960,000 866 99

23 HILLVIEW APARTMENTS 1,206 1,028,000 853 FH

Postal


Area

(sqft)

Transacted

Price ($)

Price

($ psf)Tenure

23 REGENT HEIGHTS 1,023 848,000 829 99

23 REGENT HEIGHTS 1,023 845,000 826 99

23 REGENT HEIGHTS 1,023 835,000 817 99

23 REGENT HEIGHTS 1,335 1,088,050 815 99

23 MAYSPRINGS 1,410 1,145,000 812 99

23 PARKVIEW APARTMENTS 1,119 900,000 804 99

23 REGENT GROVE 1,163 840,000 723 99

25 ROSEWOOD 1,012 838,000 828 99

25 ROSEWOOD 1,173 955,000 814 99

25 ROSEWOOD 1,033 830,000 803 99

25 ROSEWOOD 1,173 925,000 788 99

27 YISHUN SAPPHIRE 1,216 885,000 728 99

28 SERENITY PARK 1,324 1,250,000 944 FH

Singapore Property Weekly Issue 74

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Transcript of Singapore Property Weekly Issue 74