Fiorenza report 42_02_01

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7Fiorenza ReportPowered by StreetSine

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Prepared for 19 Feb 2012 generated on Feb 19, 2012Information contained is for general purposes only and does not constitute any investment advice

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Property Summary SheetUnit Pricing

Latest Sold Unit : FIORENZA, 42 Florence Road (1184sqft)

Unit Transacted : $ 1,280,000 ($ 1,081 psf) on Oct 25, 2011

Median Price* based on recent transactions : $ 1,279,904 ($ 1,081 psf, 1184sqft)*Based on a median PSF of $1,081 psf for similar transactions sold in Fiorenza within the last 12 months.

Median Price^ based on current listings : $ 1,455,136 ($ 1,229 psf, 1184sqft)^Based on a median asking PSF of $1,229 psf for currently active listings in Fiorenza that are in the market for less than 2 months.

Project Transactions

Latest Avg PSF: $1,081 psf (Oct 11)

For illustration purposes only

Recent Transacted Address Size Price PSF Contract Built Tenure Type

42 Florence Road 1,184 $1,280k $1,081 Oct 25, 2011 2011 Freehold Sub Sale

42 Florence Road 840 $990k $1,179 Aug 12, 2011 2011 Freehold Sub Sale

42 Florence Road 1,185 $1,117k $943 Apr 20, 2010 Uncompleted Freehold New Sale

Compare Nearby Projects

Project Latest Average PSF Rental

Fiorenza $1,081 (Oct 11) -

Sanctuary @ 813 $1,100 (Nov 11) $2.25 psf

Summer Scent $1,176 (Dec 11) -

The Florentine $1,010 (Sep 11) -

21 Richards $1,157 (Dec 11) -

Suites @ Kovan $1,435 (Dec 11) $2.25 psf

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http://www.streetsine.com/static/home2/map.jsp#estate-7212












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Getting the Most Out of the Home Report

This home report provides data on Fiorenza (Apartment). It contains additional analysis for the latest sold unit (Blk 42 #02-01). Transaction data was last updated on 17 Feb 12 from official sources. Listing data is updated as of the moment this report is prepared. For information on the data, please see the footnotes contained within this report.

The intent of this report is to provide you with important information that will help you

A. Price Fiorenza for buy, sell or rent B. Compare it with other similar Projects.

Please keep in mind that it is impossible to derive the undisputed value of a home solely from market data. Ultimately, each real estate transaction is unique, with the buyer and seller making the market by agreeing on a price that is mutually acceptable. Therefore, we believe home pricing is a combination of quantitative analysis and qualitative judgment. The Home Report helps you analyze the numbers, but that is only part of the pricing process. You must also use your judgment, along with that of trusted advisors, to arrive at a pricing solution that takes into consideration the market numbers and the unique characteristics of the property.

The Home Report is organized into the following sections:

(1) Basic Information (2) Pricing to buy or sell (3) Renting (4) Investing

In analyzing the numbers found in the Home Report, we recommend that you follow these steps:

1. Understand the big picture. What direction are residential prices moving?

2. Identify Apartment projects that are similar, or comparable, to Fiorenza. Then, compare recent sale prices.

3. Identify the prices that similar, or comparable, units within Fiorenza sold for, in the recent past.

4. Determine a Possible Price for your unit. Then compare that price with other pricing data points identified in the Home Report. Keep in mind market direction.

5. For renters, understand steps (1) – (4) from the rental perspective.

6. For investors, understand the results (1) – (5) plus the capital gains and rental yields found in comparable properties.©

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http://www.streetsine.com/static/home2/map.jsp#search-549576

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Address : FIORENZA, 42 Florence Road S(549576)

Size : 1,184 sqft** Based on the size indicated in the latest caveat lodged for this unit as reflected in URA.

Project Information

Category : Apartment

Location : District 19 (North-East Region)

TOP* : 2011

Purchase Tenure : Freehold

City Distance : 7.38 km

Developer : Koh Brothers Development Pte Ltd

Total Units : 28

Unit Sizes 2 bedrooms (839 to 839 sqft)

3 bedrooms (1,184 to 1,184 sqft)

3+1 rooms (1,345 to 1,442 sqft)

For illustration purpose

only.

* Temporary Occupation Permit

Note: Project information is subjected to changes by the property developer, project management committee or the authorities.

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Fiorenza Site Map

Note: Project site map is subjected to changes by the property developer, project management committee or the authorities.

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The maps below shows the cadastral map and important amenities within 2 km of the property.

MRT Groceries Schools Bus Stops Lifestyle

Category Important Amenities within 2 km Distance

Trains (MRT /

LRT)

Kovan (NE13) 0.51 km

Hougang (NE14) 1.02 km

Bus Stops Opp Glad Tidings Ch (Bus: 80, 81, 82, 119, 136,

101, 107, 107M, 112, 113, 153)

0.19 km

Glad Tidings Ch (Bus: 153, 101, 107, 107M, 112,

113, 115, 119, 136, 80, 81, 82)

0.21 km

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Groceries &

Supermarts

Cold Storage Hougang 0.46 km

Ntuc Fairprice ( Hougang Street 21 ) 0.70 km

Ntuc Fairprice ( Hougang Community Centre ) 0.74 km

Ntuc Fairprice ( Hougang Ave 4 ) 1.12 km

Shop N Save(hougang Plaza) 1.27 km

Ntuc Fairprice ( Hougang Mall ) 1.33 km

Shop N Save(kovan Centre) 1.43 km

Ntuc Fairprice ( Hougang Point ) 1.54 km

Shop N Save(hougang Green Shopping Mall) 1.77 km

Shop N Save(serangoon Central Drive) 1.99 km

Shop N Save(serangoon North Avenue 3) 1.99 km

Schools

(Primary,

Integrated,

International)

Xinghua Primary School 0.77 km

Holy Innocents' Primary School 0.92 km

Xinmin Primary School 0.94 km

DPS International School (Delhi Public School) 1.09 km

Montfort Junior School 1.19 km

Paya Lebar Methodist Girls' School (primary) 1.53 km

Yio Chu Kang Primary School 1.59 km

Hougang Primary School 1.64 km

Rosyth School 1.64 km

Chij Our Lady Of The Nativity 1.68 km

Zhonghua Primary School 1.85 km

Punggol Primary School 1.90 km

Lifestyle Hougang Stadium 0.74 km

The Girls Brigade 1.06 km

Serangoon Stadium 1.48 km

Punggol Park 1.86 km

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CHNG HUE S

UAT IVY @

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Mobile: 97362367


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1. Pricing to Buy or Sell

1.1 What are Apartment prices doing in Singapore?

Fiorenza is a Apartment in the North-East Region of Singapore. The graph below shows the relevant price movements between 1990Q1 (1 Jan 1990) and 2011Q4 (31 Dec 2011).

You can compare the different price indexes to help you evaluate the movement of the market. Property price index is defined as the ratio of the current price per square foot compared to that in the 4th Quarter of 1998. It is used to monitor the movement of private properties in Singapore.

North-East Apartment refers to the price index of all the Apartments located in the North-East Region. All Apartments refers to the price index for all the Apartments in Singapore. All Private Residential refers to the price index for all private housing types combined, which includes landed homes, apartments, etc.

The table below shows the quarterly change in price index over the last 1 year. In the most recent quarter of 2011Q4, property prices have changed by -0.1% from the previous quarter.

Quarter Quarter-on-Quarter Percentage Change

North-East Apartment All Apartment All Private Residential

2011Q4 -0.1% 0.2% 0.2%

2011Q3 13.6% 1.1% 1.3%

2011Q2 2.3% 1.8% 2.0%

2011Q1 2.5% 0.8% 2.2%

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1.2 What are Apartment prices doing in District 19?

This graph shows the latest recorded monthly average PSF (Price per Square Foot) for all Apartment in District 19 where Fiorenza is located. It was calculated by taking the average PSF of all units sold (by caveat lodged) in the district within each month.

The table below lists the monthly average PSF data for the last 15 months shown in the chart.

Month Average PSF Number of Sales

Feb 12 $1,108 6

Jan 12 $964 13

Dec 11 $1,034 41

Nov 11 $1,090 55

Oct 11 $1,180 46

Sep 11 $1,207 73

Aug 11 $1,092 52

Jul 11 $1,050 73

Jun 11 $913 49

May 11 $1,008 42

Apr 11 $908 42

Mar 11 $929 76

Feb 11 $1,053 61

Jan 11 $1,115 153

Dec 10 $895 53

Nov 10 $927 86

Apartments in District 19 went up by 6.8% in Feb 12. It is calculated by comparing the average PSF for the latest month (Feb 12) against the average PSF in the last 15 months. The 15-month period is illustrated in the table above.

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CHNG HUE S

UAT IVY @

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CHNG HUE SUAT IVY


Mobile: 97362367


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1.3 What are Apartment prices doing in Fiorenza?

Latest Avg PSF: $1,081 psf (Oct 11)

This graph shows the latest recorded monthly average PSF (Price per Square Foot) in the estate. It was calculated by taking the average PSF of units sold (by caveat lodged) within each month.

The table below lists the monthly average PSF data for the last 15 months shown in the chart.

Month Average PSF Number of Sales

Oct 11 $1,081 1

Aug 11 $1,179 1

Apartments in Fiorenza went down by -4.3% in Oct 11. It is calculated by comparing the average PSF for the latest month (Oct 11) against the average PSF in the last 15 months. The 15-month period is illustrated in the table above.

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Mobile: 97362367


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In the next table, we list the 30 latest unit transaction details from Fiorenza. Rows highlighted in yellow refer to the highest and lowest prices in the table.

Address Size Price PSF Contract Built Tenure Type

42 Florence Road 1,184 $1,280k $1,081 Oct 25, 2011 2011 Freehold Sub Sale

42 Florence Road 840 $990k $1,179 Aug 12, 2011 2011 Freehold Sub Sale



42 Florence Road 1,185 $1,059k $894 Jan 18, 2010 Uncompleted Freehold New Sale

42 Florence Road 1,852 $1,500k $810 Dec 2, 2009 Uncompleted Freehold New Sale

42 Florence Road PN 1,345 $1,147k $853 Oct 13, 2009 2011 Freehold -


42 Florence Road PN - $1,039k - Oct 13, 2009 2011 Freehold -


42 Florence Road PN - $1,193k - Aug 19, 2009 2011 Freehold -

42 Florence Road PN 840 $743k $885 Aug 19, 2009 2011 Freehold -

42 Florence Road PN - $1,155k - Aug 19, 2009 2011 Freehold -

42 Florence Road 1,346 $1,147k $852 Jul 14, 2009 Uncompleted Freehold New Sale



42 Florence Road 1,852 $1,500k $810 Jun 26, 2009 Uncompleted Freehold New Sale


42 Florence Road 1,184 $946k $799 Jun 16, 2009 Uncompleted Freehold New Sale




42 Florence Road 839 $740k $881 Jun 3, 2009 Uncompleted Freehold New Sale

42 Florence Road 1,345 $1,140k $847 May 29, 2009 Uncompleted Freehold New Sale

42 Florence Road 840 $712k $848 May 29, 2009 Uncompleted Freehold New Sale






Note: Some systems might show transactions caused by duplicate caveats lodged against developer in sub-sales. These misleading transactions are filtered off in StreetSine.

* Type of Sales - Developer prices are shown in New Sales while individual seller prices are shown in Sub Sales and Resales within the transactions.

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CHNG HUE S

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CHNG HUE SUAT IVY


Mobile: 97362367


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1.4 Which projects are similar to Fiorenza?

Comparable projects are Apartments that are similar in location, housing type, and age. In establishing a price for a unit in Fiorenza, it is useful to compare Fiorenza with other Apartment projects. By looking at the PSF (price per square foot) of properties sold in comparable projects, it is possible to establish a price range for your unit in Fiorenza. Note that this comparison only takes into account historical sale numbers for the entire project. So it is only one data point to consider. Later we will drill down to comparables at the unit level. Here is a description of the projects that are most comparable to Fiorenza. In the next question, we will compare the PSF between the projects.

Project Tenure Built City Distance

A Fiorenza Freehold 2011 7.38 km

B The Florentine

(0.32 km away)

947 years from 05/10/1934 2011 7.66 km

C Suites @ Kovan

(0.18 km away)

Freehold 2010 7.26 km

D Sanctuary @ 813

(0.93 km away)

Freehold 2011 6.48 km

E Summer Scent

(0.49 km away)

999 years from 19/02/1883 Under Construction 7.46 km

F 21 Richards

(0.56 km away)

Freehold Under Construction 7 km

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CHNG HUE S

UAT IVY @

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CHNG HUE SUAT IVY


Mobile: 97362367


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1.5 How are the prices in Fiorenza compared to other projects?

Using the comparables from the previous chart, below we show the latest average PSF in each project. It is calculated by taking the average PSF of all units that are transacted in the latest month where transactions are available in the project.

The average PSF for Fiorenza was $1,081 in Oct 11.

As way of comparison, the range of average PSF for the other projects was $1,010-$1,435 PSF.

Project Latest Average PSF

Fiorenza $1,081 (Oct 11)

The Florentine $1,010 (Sep 11)

Suites @ Kovan $1,435 (Dec 11)

Sanctuary @ 813 $1,100 (Nov 11)

Summer Scent $1,176 (Dec 11)

21 Richards $1,157 (Dec 11)

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http://www.streetsine.com/static/home2/map.jsp#search-Fiorenza

http://www.streetsine.com/static/home2/map.jsp#search-Fiorenza

http://www.streetsine.com/static/home2/map.jsp#search-The Florentine

http://www.streetsine.com/static/home2/map.jsp#search-The Florentine

http://www.streetsine.com/static/home2/map.jsp#search-Suites @ Kovan

http://www.streetsine.com/static/home2/map.jsp#search-Suites @ Kovan

http://www.streetsine.com/static/home2/map.jsp#search-Sanctuary @ 813

http://www.streetsine.com/static/home2/map.jsp#search-Sanctuary @ 813

http://www.streetsine.com/static/home2/map.jsp#search-Summer Scent

http://www.streetsine.com/static/home2/map.jsp#search-Summer Scent

http://www.streetsine.com/static/home2/map.jsp#search-21 Richards

http://www.streetsine.com/static/home2/map.jsp#search-21 Richards

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CHNG HUE SUAT IVY


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1.6 What did comparable units in Fiorenza recently sell for?

Comparable units are other units that are similar in size (up to ±20%) and floor level (up to ±5 floors) to FIORENZA, 42 Florence Road. In establishing a price for this unit, it is useful to observe the range of prices for which other comparable units were sold.

The table below shows up to the top 10 closest comparable units that have recent transactions within the last 12 months. The most recent transactions are shown at the top of the table.

Address Area (sqft) Price PSF Contract

42 Florence Road (Freehold) 1,184 $1,280k $1,081 Oct 25, 2011

The range of prices for which comparable units sold was $1,280k-$1,280k.

The PSF range of comparable units sold was $1,081-$1,081.

The median PSF for comparable units sold was $1,081 psf. Based on this amount, a median price based on recent transactions for FIORENZA, 42 Florence Road is $ 1,279,904 ($ 1,081 psf, 1184sqft).

What would a typical mortgage for the Median Price based on recent transactions be?

Based on a Median Price of $1,279,904, a 30-year loan at 2.0% interest and 20% downpayment, the monthly mortgage is $3,785.

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http://www.streetsine.com/static/home2/map.jsp#search-42 Florence Road


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1.7 What did comparable units in other projects recently sell for?

Another point of interest is the range of prices for which comparable units in similar projects were sold. Comparable units are similar in size (up to ±20%) and floor level (up to ±5 floors) to FIORENZA, 42 Florence Road.

The table below shows up to the top 10 closest comparable units that were sold within the last 12 months. The most recent transactions are shown at the top of the table.

Project Address Area Price PSF Contract

SUMMER SCENT 11 Kang Choo Bin Road (999 Yrs From 19/02/1883)

958 $1,127k $1,176 Dec 13, 2011

SANCTUARY @ 813 813 Upper Serangoon Road (Freehold) 1,023 $1,125k $1,100 Nov 17, 2011

THE FLORENTINE 70 Florence Road (947 Yrs From 05/10/1934) 1,238 $1,250k $1,010 Sep 13, 2011

21 RICHARDS 21 Richards Avenue (Freehold) 1,044 $1,163k $1,114 Jul 28, 2011



THE FLORENTINE 68 Florence Road (947 Yrs From 05/10/1934) 1,184 $1,210k $1,022 Jul 5, 2011

THE FLORENTINE 68 Florence Road (947 Yrs From 05/10/1934) 1,184 $1,199k $1,013 May 18, 2011

THE FLORENTINE 68 Florence Road Level 1 to 3 (-) SRX 1,184 $1,210k $1,022 Mar 24, 2011

THE FLORENTINE 70 Florence Road (947 Yrs From 05/10/1934) 1,184 $1,130k $954 Mar 18, 2011

The range of prices for which comparable units in similar projects sold was $1,125k-$1,291k.

The PSF range of comparable units in other similar projects was $954-$1,176.

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http://www.streetsine.com/static/home2/map.jsp#search-11 Kang Choo Bin Road

http://www.streetsine.com/static/home2/map.jsp#search-11 Kang Choo Bin Road

http://www.streetsine.com/static/home2/map.jsp#search-813 Upper Serangoon Road

http://www.streetsine.com/static/home2/map.jsp#search-813 Upper Serangoon Road



http://www.streetsine.com/static/home2/map.jsp#search-21 Richards Avenue










http://www.streetsine.com/static/home2/map.jsp#search-68 Florence Road Level 1 to 3

http://www.streetsine.com/static/home2/map.jsp#search-68 Florence Road Level 1 to 3



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1.8 What are sellers asking for in Fiorenza?

As of Feb 19, 2012, there are 13 active listings found for sale that are posted within the last 1 month in Fiorenza that are complete with pricing and size information.

Total Listings in Fiorenza : 13

PSF Range : $388 - $1,263

Asking Price Range : $1,050,000 - $1,700,000

Days on Market (DOM)

Days on market describe the age of a property listing from its first posting. The table below shows a summary of asking PSF for all active listings in Fiorenza per the DOM interval. (refer to Annex for listing details)

Days on Market Min. PSF Median PSF Max. PSF No. of listings

0-30 (1 mth) $388 $1,134 $1,251 6

31-60 (2 mths) $1,251 $1,251 $1,251 2

61-90 (3 mths) - - - 0

91-120 (4 mths) $1,098 $1,098 $1,098 1

121-150 (5 mths) $1,166 $1,166 $1,166 1

>151 (>6 mths) $1,075 $1,251 $1,263 3

Total Listings 13

For listings with days on market less than 2 months, the median asking PSF is $1,229 psf. Based on this amount, a median price based on listings for FIORENZA, 42 Florence Road is $ 1,455,136 ($ 1,229 psf, 1184sqft)Refer to Annex for details on all active listings.

What would a typical mortgage for the Median Price based on listings be?

Based on a Median Price of $1,455,136, a 30-year loan at 2.0% interest and 20% downpayment, the monthly mortgage is $4,303.

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CHNG HUE SUAT IVY


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1.9 (SUMMARY) How do the price ranges discussed earlier for FIORENZA, 42 Florence Road compare with each other?

In the previous questions, we drilled down from an overall property market trend to unit pricing information for FIORENZA, 42 Florence Road. We observed the price range of units that are comparable in size and floor levels to our unit.

Each chart, below, combines all the data points into one visual. Ranges 1 & 2 are the HIGH/LOW transactions of similar units within the last 12 months in Fiorenza and other similar projects respectively. Ranges 3 & 4 are the HIGH/LOW listing prices for Fiorenza and other similar projects within the last 1 month. (Note: Listing prices cover ALL units regardless of size or floor levels in the project. Refer to Annex for individual listing details.)

Use these charts as a reference to arrive at a pricing solution in which you can take comfort.

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2. Renting

2.1 What are rental prices for Apartments doing?

Fiorenza is a Apartment in Outside Central Region of Singapore. The graph below shows the rental price movements of Apartments up to 2011Q4 (31 Dec 2011). You can compare the different rental indexes to help you evaluate the movement of the rental market. Rental Index is defined as the ratio of the current rental per square foot per month compared with that in 4th Quarter 1998. It is used to monitor the general rental movement of private properties in Singapore.

Outside Central Apartment refers to the rental index of all the Apartments located in the Outside Central Region. All Apartments refers to the rental index for all the Apartments in Singapore. All Private Residential refers to the rental index for all private housing types combined, which includes landed homes, apartments, etc.

The table below shows the quarterly change in rental index over the last 1 year. In the most recent quarter of 2011Q4, rentals have changed by 0.5% from the previous quarter.

Quarter Quarterly Percentage Change

Outside Central Apartment All Apartment All Private Residential

2011Q4 0.5% 0.4% 0.4%

2011Q3 1.0% 0.7% 0.8%

2011Q2 1.5% 1.1% 1.3%

2011Q1 1.6% 1.1% 1.2%

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2.2 How do rental prices in Fiorenza compare to those found in other similar projects?

No official rental information is found for Apartments in Fiorenza. The table below shows rental approximations for other similar projects. Rental PSF is derived from official sources. Size projections are based on the selected unit. Note that there is a lag period of at least 1 month in the time a rent is reported. Therefore, the below points are only a reference point. You should also factor in the direction of the market.

Project Size 25th percentile Median 75th percentile

Sanctuary @ 813 * 1 sqft $1.90 $2.25 $3.13

1,183 sqft $2,247 $2,660 $3,704

Suites @ Kovan * 1 sqft $1.90 $2.25 $3.13

1,183 sqft $2,247 $2,660 $3,704

Footnotes:

1. StreetSine employs proprietary algorithms to derive the approximations shown above. It combines input data from the Inland Revenue Authority of Singapore (IRAS) with rental trends from other sources.

2. Projects marked with * have their project rentals estimated from all Apartments along the same street as the project. This is necessary when there are insufficient rental data for that project. For uncompleted projects, this may be an indication of its rental potential.

3. For uncompleted projects without rental history, this table could be a good indication of rental potential. The rental quartiles are estimated from comparable projects of the same housing type along the same street.

4. Rental quartiles are based on at least 10 rental contracts signed within a stipulated period. The data will help you make better informed rental decisions.

5. Actual unit rental depends on other factors such as view, condition and furnishings.

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2.3 What are units rented for in Fiorenza?

In the table below, we list the latest unit rental transaction details from Fiorenza. Data is analyzed directly from the property agency. Rows highlighted in yellow refer to the highest and lowest prices in the table.

Project Address Size Price PSF Contract

FIORENZA 42 Florence Road SRX 1,453 $3,800 $2.62 Nov 8, 2011

FIORENZA 42 FLORENCE ROAD SRX 839 $3,450 $4.11 Oct 22, 2011

FIORENZA 42 Florence Road SRX 839 $3,500 $4.17 Sep 10, 2011

FIORENZA 42 Florence Road SRX 1,184 $3,900 $3.29 Aug 26, 2011

FIORENZA 42 Florence Road SRX 839 $3,400 $4.05 Jul 31, 2011

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2.4 What are similar units rented for in comparable projects?

Comparable units are other rented units that are similar in size (up to ±20%) and floor level (up to ±5 floors) to FIORENZA, 42 Florence Road. In establishing a rent for this unit, it is useful to observe the range of prices for which other comparable units were rented for.

In the table below, we list the latest similar unit rental transaction details in comparable projects. Data is analyzed directly from the property agency. Rows highlighted in yellow refer to the highest and lowest prices in the table.

Project Address Size Price PSF Contract

THE FLORENTINE 70 Florence Road SRX 1,184 $3,600 $3.04 Aug 30, 2011

THE FLORENTINE 70 Florence Road SRX 957 $3,250 $3.39 Aug 29, 2011



THE FLORENTINE 70 Florence Road SRX 1,184 $3,600 $3.04 Aug 25, 2011

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2.5 What are landlords asking for in Fiorenza and other nearby projects?

As of Feb 19, 2012, there are 3 active rental listings found in Fiorenza and other nearby projects that are for subletting of the entire unit. The table shows the minimum, median and maximum asking rent PSF in these listings.

Min. PSF Median PSF Max. PSF # Listings

Fiorenza $3.12 $3.16 $3.30 3

The Florentine - - - 0

Suites @ Kovan $3.45 $3.45 $3.45 1

Sanctuary @ 813 $3.57 $3.57 $3.57 1

Summer Scent - - - 0

21 Richards - - - 0

Total Listings 5

The table shows the minimum, median and maximum asking rents in these listings.

Min. Rent Median Rent Max. Rent # Listings

Fiorenza $3,700 $3,700 $4,800 3

The Florentine - - - 0

Suites @ Kovan $3,000 $3,000 $3,000 1

Sanctuary @ 813 $3,500 $3,500 $3,500 1

Summer Scent - - - 0

21 Richards - - - 0

Total Listings 5

Refer to Annex for details on all active rental listings.

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2.6 What could the landlord be paying for his monthly mortgage instalments?

The monthly mortgage based on the last sold price is an indication of part of the current landlord's cost.

Address : FIORENZA, 42 Florence Road

Purchase price : $ 1,280,000

Purchase date : Oct 25, 2011

Assumptions

Interest rate : 2.0%

Down payment : 20%

Term of loan : 30 years

Monthly mortgage payments : $3,785 per month

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3. Investing

3.1 What is a possible rental yield for FIORENZA, 42 Florence Road?

The following table shows the rental yield and return on equity based on a transacted price of $ 1,081,000 and monthly rent of $ 3,600.

Unit: FIORENZA, 42 Florence Road

Gross Rental Yield Net Rental Yield Return on Equity

4.00% 3.20% 7.99%

The calculations assume a 20% down payment and mortgage interest rate of 2.0% with expenses amounting to 20% of the gross rental income.

Calculations

Size 1,184 sqft

A Sale price $1,081,000

B Down payment (20%) $216,200

C Housing Loan (80.0%) $864,800

D Yearly interest repayment(2.0% interest * [C])

2.0% * $864,800= $17,296

E Gross Rent (per month) $3,600

F Gross Rent (per annum) 12 * $3,600 = $43,200

G 20% expenses 20% * $43,200 = $8,640

H Gross income = [F] - [G] $34,560

I Net income = [H] - [D] $17,264

J Gross Yield = [F] / [A] 4.00%

K Net Yield = [H] / [A] 3.20%

L Return on Equity (ROE) = [I] / [B] 7.99%

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Annex

All listings are active as at Feb 19, 2012. They are last posted within 1 month from various sources. Highlighted in yellow are the highest and lowest asking prices / psf.

Full Sale Listings in FiorenzaSale Address Asking PSF Built

sqft

Bed-

rooms

Posted Days on

Market

Fiorenza $1,050k $1,251 839 2 Feb 18, 2012 44

Fiorenza $1,050k $1,251 840 2 Feb 18, 2012 152

FIORENZA $1,050k $388 2,705 2 Feb 18, 2012 1

Fiorenza $1,050k $1,251 839 2 Feb 17, 2012 32

Fiorenza $1,450k $1,061 1,367 2 Feb 17, 2012 2

Fiorenza $1,650k $1,207 1,367 2 Feb 16, 2012 12

Fiorenza $1,050k $1,251 839 2 Feb 14, 2012 5

Fiorenza $1,400k $1,024 1,367 2 Feb 14, 2012 12

Fiorenza $1,300k $1,098 1,184 3 Feb 10, 2012 107

Fiorenza $1,050k $1,251 839 3 Feb 8, 2012 24

Fiorenza $1,700k $1,263 1,345 3 Jan 24, 2012 184

Fiorenza $1,380k $1,166 1,184 3 Jan 19, 2012 132

Fiorenza $1,550k $1,075 1,442 3 Jan 19, 2012 154

Full Sale Listings in other comparable projectsSale Address Asking PSF Built

sqft

Bed-

rooms

Posted Days on

Market

21 Richards $885k $1,347 657 2 Feb 18, 2012 11

SUMMER SCENT, 11 $1,140k $1,190 958 2 Feb 18, 2012 1


Summer Scent $1,150k $1,200 958 2 Feb 18, 2012 1



SUMMER SCENT, 11 $1,225k $1,150 1,065 3 Feb 18, 2012 1

Summer Scent $1,309k $1,229 1,065 3 Feb 18, 2012 3








Suites @ Kovan $530k $1,448 366 1 Feb 16, 2012 73

Summer Scent $686k $1,181 581 2 Feb 16, 2012 3

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THE FLORENTINE CALL - - 2 Feb 12, 2012 7

Suites @ Kovan $1,250k $1,197 1,044 1 Feb 10, 2012 71

SANCTUARY @ 813, 813 CALL - - 2 Feb 8, 2012 11

21 Richards $869k $1,345 646 2 Feb 7, 2012 20


The Florentine $1,348k $1,079 1,249 3 Feb 7, 2012 12

21 RICHARDS, 21 $785k $1,351 581 2 Feb 6, 2012 13

21 Richards $869k $1,345 646 2 Feb 5, 2012 74

21 Richards $869k $1,345 646 2 Feb 4, 2012 69

21 Richards $869k $1,345 646 2 Feb 4, 2012 20

21 Richards $869k $1,345 646 2 Feb 4, 2012 23

THE FLORENTINE CALL - - 2 Feb 4, 2012 15

THE FLORENTINE CALL - 958 2 Feb 3, 2012 16


21 Richards $869k $1,345 646 2 Feb 3, 2012 17

Sanctuary @ 813 $1,150k $1,229 936 2 Feb 2, 2012 17

The Florentine, Florence Rd $1,350k $1,081 1,249 2 Feb 2, 2012 44

21 Richards $833k $1,289 646 2 Feb 1, 2012 18

21 Richards $869k $1,345 646 2 Feb 1, 2012 18

Suites @ Kovan $600k $1,639 366 1 Jan 31, 2012 19

Twenty One Richards $766k $1,318 581 2 Jan 31, 2012 127



Sanctuary@813 $1,280k $1,251 1,023 2 Jan 31, 2012 19

Suites @ Kovan $1,250k $1,197 1,044 1 Jan 28, 2012 22

Suites @ Kovan $660k $1,572 420 1 Jan 27, 2012 222

21 Richards $818k $1,408 581 2 Jan 27, 2012 26

21 Richards $818k $1,408 581 2 Jan 27, 2012 74

21 Richards $818k $1,408 581 2 Jan 25, 2012 27

21 Richards $818k $1,408 581 2 Jan 19, 2012 33

21 Richards $869k $1,345 646 2 Jan 19, 2012 33

THE FLORENTINE, 68 $988k $1,031 958 2 Jan 19, 2012 31

21 Richards $818k $1,407 581 2 Jan 16, 2012 178

21 Richards $869k $1,346 646 2 Jan 16, 2012 155

SANCTUARY @ 813, 813 CALL - - 2 Jan 12, 2012 38






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21 Richards $785k $1,351 581 2 Jan 10, 2012 67

21 Richards $833k $1,292 645 2 Jan 10, 2012 67


Full Rental Listings in FiorenzaRental Address Asking PSF Built

sqft

Bed-

rooms

Posted

Fiorenza $4,800 $3.30 1,453 3 Feb 14, 2012

Fiorenza $3,700 $3.12 1,184 3 Feb 10, 2012

Fiorenza $3,700 $3.16 1,171 3 Feb 3, 2012

Full Rental Listings in other comparable projectsRental Address Asking PSF Built

sqft

Bed-

rooms

Posted

SANCTUARY @ 813, 813 $3,500 $3.57 980 2 Feb 8, 2012

Suites @ Kovan $3,000 $3.45 870 2 Jan 25, 2012

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Important Information

StreetSine crunches thousands of numbers to arrive at the analysis found in the Home Report. Using proprietary algorithms, StreetSine quickly processes raw data from the government and other publicly available sources, as well as data found in the StreetSine marketplace, to derive the analysis found in the report. This valuable information is time-sensitive, as the market is always changing. Therefore, we recommend that you update your understanding of the market by obtaining the latest Home Report, and discussing the housing market with trusted advisors.

StreetSine Pte. Ltd. collects and collates public information from sources that include user input, real estate professionals, retail business, and government agencies that include URA, SLA, Singapore Statistics, etc. StreetSine Pte. Ltd. does not alter or manipulate the accuracy of that data when it conducts analysis or presents information in its Services. To the best of our knowledge, the raw data and analytical output are accurate, but no decision should be made solely on these numbers. Property investments are subject to risks, including possible loss of principal amount invested. The value of properties may fall or rise. Past performance or any prediction or forecast is not necessarily indicative of future performance. Services rendered by StreetSine Pte. Ltd. do not constitute and shall not be construed as constituting investment advice or recommendations and are prepared without regard to the specific objectives, financial situations or needs of any particular person who may receive or use the Services or Site. Investors should study all relevant information and consider whether the investment is appropriate for them. You should seek the advice of your financial, property, and legal advisors before purchasing, renting, or selling property. If you are using information from StreetSine to make decisions regarding the purchase of goods or services from a retail business marketing on www.streetsine.com, you should thoroughly consider all your options or alternatives. Your purchase and investment decisions are solely your responsibility.

Important Notice. Average Index Price (AIP™) is a proprietary algorithm developed by Streetsine Pte. Ltd. and is legally and beneficially owned by Streetsine Pte. Ltd.. AIP™, or any information derived from AIP™ or the algorithm comprised therein, shall not be copied, adapted, published or used for any purposes not specifically authorised in writing by Streetsine Pte. Ltd. Streetsine Pte. Ltd. expressly reserves all its rights to AIP™.

Copyright © 2012 StreetSine Pte. Ltd.

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Fiorenza report 42_02_01

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