Singapore Property Weekly Issue 6

8/6/2019 Singapore Property Weekly Issue 6

1/17

Issue 6 | www.Propwise.sg


2/17

SINGAPORE PROPERTY WEEKLY Issue 6

Copyright 2011 www.Propwise.sg. All Rights Reserved.

Page | 1

From the Editor

Welcome to the sixth edition of the SingaporeProperty Weekly. Weve added property transactions

in this issue, sorted by district. We hope they help you

in keeping track of the market!

Mr. Propwise

Contribute

Do you have articles and insights and articles thatyoud like to share with thousands of readers

interested in the Singapore property market? Send

them to us at [email protected]

, and if theyre

good enough, well publish them here, on our blog

and even on Yahoo! News.

Advertise

Want to get your brand, product, service or

property listing out to thousands of Singapore

property investors at a very reasonable cost? Head

over to www.propwise.sg/advertise/ to find outmore.

Contents

Singapore Property This Week Pg 2

Buyers versus sellers Who will blink first? Pg 8

URA Property Price Index at All Time High Pg 12

Non-Landed Residential Resale PropertyTransactions for the Week of June 11 to 17 Pg 14
http://www.propwise.sg/mailto:[email protected]://www.propwise.sg/advertise/http://www.propwise.sg/advertise/mailto:[email protected]://www.propwise.sg/


3/17



Page | 2

Singapore Property This Week

Residential News

Slower GCB sales due to gap between offer and

asking price

Widening gap between offer and asking prices has

decreased GCB sales. For example, asking price for

a GCB in areas like Tanglin ranges from $2,300 to

$2,500 psf while buyers are only willing to pay

$1,800 to $2,000 psf. However, GCB sales this yearhave reached at least $750 million to date. Till

now, the largest GCB transaction in 2011 is a

69,546 sq ft sprawling land sale on Yarwood

Avenue at $59.5 million ($856 psf). The slower

GCB sales this year might be due to investors

withdrawal of speculative activity with the

implementation of SSD. However, sellersexpectation remains high due to limited supply of

GCBs. Newsman Realty believes that GCB prices

will increase by approximately 10% for 2011.

Royalville and St Patricks Garden up for en bloc

sale with asking price of $370-400 million and$188 million respectively

174,176 sq ft Royalville in Bukit Timah is up for sale

with asking price between $370 million to $400

million. If developer constructs an extra 10% GPR

for balconies, the asking price equals a land rate of

$1,383 to $1,495 psf ppr with an approximate DC

of $1.06 million. The project breakeven costapproximates to $1,900 psf of potential saleable

area and the site can possibly redevelop into 255

apartments of 1,000 sq ft on average. In East

Coast, 137,559 sq ft freehold St Patricks Garden is

up for sale with asking price of $188 million ($888

psf ppr). The project breakeven cost approximates

to $1,440 psf and the site can redevelop to a five-storey residential project that houses 176 units of

1,200 sq ft each. Both tenders end on July 28,

2011.
http://www.propwise.sg/http://www.propwise.sg/


4/17



Page | 3

En bloc sale for River Valley walk-up apartment

fetches $70.5 million

In River Valley Road, a 40-unit walk-up apartment

development is sold for $70.5 million ($1,139 psf

ppr). The site, which has a land area of 22,107 sqft, is set for residential purpose with a 2.8 plot

ratio under the 2008 Master Plan. The total GFA

permissible is about 68,089 sq ft and no DC is

payable for a planned new development

constructed at a gross plot ratio of 3.08. Each

owner will receive around $1.75 million to $1.77

million from the deal. This deal also brings the

total value of 2011 en bloc sale to $1.73 billion.

Increased HDB supply will not cause housing glut

in years to come: Citigroup

Contrary to most analysts viewpoints, Citigroup

thinks that an increase in HDB supply will improve

the estimated 50,000 deficit figure in housing

units, and thus moderate mass-market price and

demand in time to come. Future HDB resale

transactions will likely decrease by only 7% to 15%,

while the decrease for private property market will

be lesser. Due to strong rental competition and

uncertain economic condition, demand for high-

end houses will remain dull. Rental rates are

predicted to stabilize over the years with the

current rental yielding at an average of 2.4%.

A Robinson Road commercial site and a Punggol

condo housing plot up for sale via public tender

A Robinson Road commercial site, which covers an

area of 31,560 sq ft and has a GPR of 11.2, is up for

sale via public tender. The asking price for the site,

which has an allowable GFA of 353,472 sq ft, is

around $1,100 to $1,200 psf ppr plus a total

quantum of $390 to $410 million. At least 80% of

the site maximum GFA must be used for office

purpose. Similarly, a leasehold condo housing plot

at Punggol is up for sale. The site has an area of

154,397 sq ft and a maximum GFA of 524,952 sq ft.

SLP International predicted that the site, which can

house about 550 housing units, can obtain a top

bid between $194 million and $220 million ($370

to $420 psf ppr).


5/17


Copyright 2011 www.Propwise.sg. All Rights Reserved. Page | 4

Resale prices of private houses increased faster in

Q2 than Q1

DTZ mentioned that the average resale price of

leasehold condo in suburban areas increased 3.9%

quarter-on-quarter in Q2 (up from 0.8% in Q1),while average resale price for condo in upmarket

prime districts 9, 10 and 11, increased 3.3% in Q2

(up from 0.4% in Q1). NUSs monthly Singapore

Residential Price Index revealed a 2.5% increase in

prices of non-landed private houses in May, up

from 1.1% and 0.2% in April and March

respectively. Prices of non-landed private houses incentral region increased 3.5% (up from 1% in

April), while prices in non-central region increased

1.7% (up from 1.2% in April). According to CBRE,

the price increase in Q2 could be due to sellers

quoting a higher asking price.

Total value of properties sold via auctionincreased by 49% in Q2

As compared to the mild response in Q1 2011, the

total value of properties sold via auction increased

by 49% quarter-on-quarter to $41.38 million in Q2

2011. Unlike residential sales that normally

dominate in auction sales, the improvement in

sales values in Q2 2011 was actually brought about

by several high-value non-residential deals. ColliersInternational mentioned that buyers confidence

may have shifted from residential to commercial

and industrial properties as auction property

market observed an overall decrease in residential

sales value and zero high-value residential

transaction made in Q2.

Top bid of $142.8 million for Choa Chu Kang site

falls below market expectation

A tender for 99-year leasehold residential site at

Choa Chu Kang attracted only five bidders. The top

bid of $142.8 million, which translates to $411 psf

ppr, fell below markets expected top bid of $425

to $640 psf ppr. However, the highest bid hassurpassed the second-highest offer of $122 million

($351 psf ppr) by a high 17%.


6/17



Colliers International predicted that a project on

the residential site can obtain an average selling

price from $900 psf to $1,000 psf, while SLP

International predicted an average price from $900

psf to $950 psf. Based on the bidding outcome,CBRE mentioned that developers are more

selective and cautious in bidding for GLS sites due

to upcoming supply of sites for H2 2011.

Prices for private and public housing affected

differently by anti-speculation

Price growth for private houses slowed down in Q2

as interested buyers are cautious about making

their purchase. The private residential property

price index increased 1.9% to 202.8 points in Q2,

down from the 2.2% increase in Q1. The price

increase slowdown in Q2 is most prominent in the

suburban districts outside the central region as

non-landed private homes prices increased by only

1.6%, down from 3.1% in Q1. However, prices in

the core central region increased 1.6%, up from

1.1% in Q1. In contrast, resale HDB flats prices are

increasing at a faster rate due to strong demand.

The resale price index saw a 2.9% hike to 179.9

points in Q2, up from the 1.6% hike in Q1.

Malaysia to receive six prime Singapore landparcels with gross development value of $11

billion

The six prime Singapore land parcels (four in

Marina South and two in Ophir-Rochor area) that

Malaysia will receive in its historic land deal with

Singapore have gross development value of $11

billion and a total permitted GFA of 501,020-sq-m.

The sites will be commercialized for office,

residences, hotel, and retail purposes. At least 60%

of the 341,000-sq-m Marina South land will be for

office use: Cushman & Wakefield mentioned that

this amount mirrors about 90% of 2011 total office

space supply. Cushman & Wakefield also predicted

that majority of the Ophir-Rochor parcel will be for

residential use. Residential prices in the 6 sites are

around $3,000 psf on potential GFA while office

space fetches $2,500 or $2,600 psf.


7/17



Commercial News

URA sales term for 99-year leasehold hotel site at

Kallang Riverside: minimum total GFA cannot fall

below 20,563-sq-m

The 8,195 sq-m site at Kallang Riverside with a

maximum permissible GFA of 22,948-sq-m must

have a minimum total GFA of at least 20,563-sq-m,

according to sales condition by URA. Also, hotel

rooms and hotel-related uses must occupy

minimum 60% of the site total GFA. SLP

International predicted that the site can only

obtain a price between $155 million and $168million, or $630 psf ppr to $680 psf ppr if

triggered. However, SLP also mentioned that the

probability of the site being triggered is low due to

its not-yet-fully-developed location and abundant

supply of hotel sites from GLS programme.

Grade A office space rents increased 6% despitelower occupancy rate in Q2

Grade A office space average monthly gross rents

saw a strong 6% quarter-on-quarter increase in Q2.

The largest rent increase came from office space in

Raffles Place/New Downtown and Marina/City Hall

areas, which increased 7% to $10.4 psf per month

and 7.2% to $9.50 psf per month respectively. In

contrast, occupancy rates for Grade A office space

decreased from 94.2% in Q1 to 93.5% in Q The

greatest decrease in occupancy rates came fromRaffles Place and Beach Road micro-markets,

whose occupancy rate dropped 1.5% and 3.2%

respectively; however, Orchard Road micro-market

saw a 0.9% Increase in occupancy rate.

Woodlands site draws top bid of $84.24 million,

beyond markets expectation and more thantwice the amount of a winning bid for a site in the

vicinity

Located in Woodlands, a 60-year leasehold

commercial site with a maximum GFA of 554,231

sq ft drew a top bid of $84.24 million (or $152 psf

ppr), way beyond markets expectation. Analysts

had previously predicted that the plot will mainlydraw bids between $60 and $90 psf ppr and the

top bid will be around $100 psf ppr; however, most

bids submitted for the site were above $100 psf

ppr.


8/17



Also, the top bid is more than twice the amount of

a winning bid for a nearby industrial site. Judging

from the bidding result, investors confidence may

have shifted from the residential to the industrial

sector.

Highest bid for industrial site in Tuas View Square:

$7.33 million

A 45-year leasehold industrial site in Tuas View

Square, which has a site area of 46,850 sq ft and

maximum GFA of 42,163 sq ft, was sold for $7.33

million ($174 psf ppr) to SCB Terraform Pte Ltd in a

URA tender. The highest bid from SCB Terraformwas 13% more than the $6.51 million ($154 psf

ppr) second highest bid made by Soon Hock

Property Development Pte Ltd. CBRE mentioned

that the bidding result revealed a strong growing

demand for industrial space and land.

Monthly rent for prime Orchard Road retail spaceremained stagnant in Q2, prime suburban rents

decreased: CBRE

According to CBRE, monthly average rent for prime

Orchard Road retail space decreased 0.5% over H1

2011 and remained stagnant at $30.10 psf pm in

Q2, while prime suburban rents decreased by 0.7%

for H1 2011 and a quarter-on-quarter decrease

from $29.10 psf pm to $28.90 psf pm in Q2 2011.

Over the next four years, 13.2% (566,000 sq ft) of

the approximate 4.3 million sq ft retail supply willbe located in Orchard Road while 55.2% will be in

the suburbs.

9 sites with total land area of 15.99 ha offered

under 2H GLS program

9 sites, which have a total land area of 15.99 ha,

will be offered by the government under 2H landsales program. 3 out of the 9 are placed on the

confirmed list: a 1.95 ha site at Soon Lee Street,

2.83 ha site at Lavender Street-Kallang Avenue,

and a 2.6 ha site at Kaki Bukit. Analysts favourite is

the Lavender site because of its Business 1-White

zoning and its proximity to Lavender MRT station.

The other 6 sites on the reserve list include a siteat Aljunied Road-Sims Drive, Gambas Avenue-

Gambas Crescent, Serangoon North Avenue 4,

Woodlands Avenue 12 and two sites at Yishun

Avenue 9.

SINGA O O Y W KLY I 6


9/17

Buyers versus sellers Who will blink first?

By Getty Goh

People who have read my articles or spoken to me

before may go away with the thinking that I am a

perennial pessimist. In the last few months, I have

been telling my friends and potential clients to stay

away from the property market.

Some reasons behind my views are: (1) Private

properties are very expensive right now and gooddeals are not as easy to find as compared to several

quarters ago. (2) Government intervention

measures put in place have increased the

opportunity and investment cost of owning private

properties and they are not as worthwhile as

before. (3) Property prices will eventually turn and

those who bought at peak prices would be caughtwith a loss-sustaining asset when property market

sentiments cool.

Interestingly, Singapore private property prices have

been continuously on the rise and market observers

have come up with many explanations on why this

is happening. Some reasons range from the

increase in foreign buyers to the low interest rate

environment. I think most of them are valid

assessments.

However, if I were to attribute it to a single factor, I

assess that high prices are a result of an abundanceof liquidity in the Singapore market. My company

uses savings and other deposits as a proxy for

liquidity within the real estate market as they

represent monies that can be used for property

deposits. They are also used as an indication of

interest rates as there is an inverse relationship

between liquidity and interest rates the moreliquidity the economy has, the lower the interest

rates will be



SINGAPORE PROPERTY WEEKLY I 6


10/17


Copyright 2011 www.Propwise.sg. All Rights Reserved. Page |9

Source: www.singstat.gov.sg

Figure 1: Extract of Finance Report from Monetary Authority of Singapore

SINGAPORE PROPERTY WEEKLY I 6


11/17



In an interview I did with Mr. Propwise for his book

Secrets of Singapore Property Gurus, I raised the

point that liquidity is going to be a key driver in

determining how the Singapore property market

will behave in the coming months. To illustrate my

point, the extract from the Monetary Authority of

Singapore (MAS) in Figure 1 shows that the savings

and other deposits (including current account

deposits) as at 2008 was more than S$100 billion.

This was twice the amount that Singapore had in

1998, after the Asian Financial Crisis. In 2009, this

amount increased by about 20% to S$120 billion.

So who will blink first?As for the question, Who will blink first?, I opined

that as long as buyers have money for the high

downpayments and access to financing for their

properties, properties will continue to be bought

and sold at a price premium. From a cash-rich

investors perspective, it still makes sense to buy a

property for rental right now. As even though the

yield could be as low as 2%, interest rates that

banks are currently giving for cash deposits are

comparatively much lower.

Meanwhile, sellers will have to price their units

higher to account for the additional charges

brought about by the anti-speculation measures

that were supposed to keep the escalation of

property prices in check. In another words, as long

as there is abundance of liquidity and buyers are

prepared to pay, there is no incentive for

developers and property owners to lower their

high asking prices.

I recently had a discussion with a friend who

worked as an editor with The Economistand he

wondered if high property prices will be the new

norm. Seeing how some new HDB flats were

almost launched at S$880,000, the environment of

high property prices looks set to stay.

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


12/17



However, I have to constantly remind myself that

the property market is cyclical. Hence the real

issue is not whether property prices will eventually

fall, but when it will actually happen. And when it

does happen, it will likely be brought about by

changing financing conditions rather than

increasing transaction fees or controlling

ownership.

By Getty Goh, Director ofAscendant Assets, a real

estate research and investment consultancy firm.

Getty has a MSc (Real Estate) and BSc (Building)

from the National University of Singapore.

http://www.propwise.sg/http://www.ascendantassets.com/http://www.propwise.sg/advertise/http://www.ascendantassets.com/http://www.propwise.sg/


13/17

URA Property Price Index at All Time High

By Mr. Propwise

From the URAs 1Q2011 Property Price Indexstatistics that were released at the end of last

week, property prices in Singapore have (again)

hit an all time high. Prices were up 2.2% in

1Q2011 on a quarter-on-quarter basis and 13.8%

on a year-on-year basis.

At the current levels the price index is 12.4%above the previous 1Q2008 peak, and 9.8% above

the previous all time high in 2Q1996. Of course, as

long as the price index keeps rising, itll keep

making an all time high.

What is interesting to note is that the rate of

growth has been slowing for 7 quarters, i.e.property price growth has been decelerating. The

media and other experts have been attributing

this to the government measures, uncertainty

over the global financial situation etc.





14/17



I personally think that many are surprised that the

rate of growth is still positive, i.e. prices are still

rising. This could suggest that the upward force

from the abundant liquidity situation is still

stronger than the downward pressure from the

government measures and shaky external

situation. But it is hard to make such judgments as

the data has a time lag and it also takes time before

we can assess the impact of the measures. And

nobody (not even the Government) can predict

where prices are going the market is too complex

and the future too uncertain to predict.

Another interesting thing to note is that we saw

this decelerating price growth trend preceding the

property bear markets that began in 3Q2000 and

3Q2008 (but not the one in 3Q1996). So regardless

of whether you are more a technical or

fundamental investor (or both), it pays to be

cautious in this market.

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


15/17



Non-Landed Residential Resale Property Transactions for the Week of June 11 to 17

Postal

DistrictProject Name

Area

(sqft)

Transacted

Price ($)$ psf

1 ONE SHENTON 603 1,356,750 2,251

1 THE SAIL @ MARINA BAY 1,184 3,715,392 3,138

1 THE SAIL @ MARINA BAY 861 2,200,000 2,555

2 ICON 936 1,619,280 1,729

2 SKYSUITES@ANSON 667 1,294,200 1,939

3 QUEENS 1,184 1,310,000 1,106

3 QUEENS 1,195 1,400,000 1,172

3 THE ANCHORAGE 1,830 1,900,000 1,038

3 THE METROPOLITAN CONDOMINI 1,066 1,388,888 1,303

4 CARIBBEAN AT KEPPEL BAY 1,647 2,700,000 1,639

4 REFLECTIONS AT KEPPEL BAY 1,249 2,126,874 1,703

4 THE FORESTA @ MOUNT FABER 538 1,061,000 1,971

4 THE FORESTA @ MOUNT FABER 1,356 2,291,700 1,690

4 THE INTERLACE 807 1,000,000 1,239

5 BANYAN CONDOMINIUM 1,518 1,200,000 791

5 BOTANNIA 1,076 1,130,000 1,050

5 BOTANNIA 1,216 1,300,000 1,069

5 CLEMENTIWOODS CONDOMINIUM 1,055 1,200,000 1,138

5 DOVER PARKVIEW 969 977,000 1,009

5 FRAGRANCE COURT 1,432 1,280,000 8945 ONE-NORTH RESIDENCES 592 896,000 1,513

5 THE CASSANDRA 1,324 1,328,000 1,003

5 THE GRANDHILL 1,281 1,560,000 1,218

5 THE INFINITI 926 938,000 1,013

5 THE INFINITI 926 995,000 1,075

Postal


Area

(sqft)

Transacted

Price ($)$ psf

5 THE PARC CONDOMINIUM 2,433 2,870,940 1,180

5 THE PEAK@BALMEG 1,507 2,000,000 1,327

5 WEST BAY CONDOMINIUM 850 760,000 894

7 BURLINGTON SQUARE 872 1,090,000 1,250

7 SUNSHINE PLAZA 764 1,035,000 1,354

7 SUNSHINE PLAZA 1,345 1,620,000 1,204

7 THE BENCOOLEN 883 1,192,050 1,351

9 MARTIN PLACE RESIDENCES 592 1,172,160 1,980

9 MARTIN PLACE RESIDENCES 1,044 1,860,000 1,781

9 PATERSON RESIDENCE 1,313 2,880,000 2,193

9 RHAPSODY ON MOUNT ELIZABETH 1,561 3,590,300 2,300

9 RIVERIA GARDENS 1,432 2,939,846 2,054

9 ROBERTSON EDGE 431 777,000 1,805

9 THE ORCHARD RESIDENCES 1,808 6,328,000 3,499

9 UE SQUARE 1,206 1,650,000 1,369

10 CHELSEA GARDENS 1,959 3,200,000 1,633

10 CUSCADEN ROYALE 1,399 3,900,000 2,787

10 D'LEEDON 646 957,100 1,482

10 DRAYCOTT EIGHT 1,528 2,950,000 1,930

10 DRAYCOTT EIGHT 2,895 7,100,000 2,45210 GLENTREES 1,991 2,580,000 1,296

10 HOLLAND PEAK 570 865,000 1,516

10 LATITUDE 2,788 5,763,300 2,067

10 SOMMERVILLE PARK 1,302 2,050,000 1,574

10 THE ASTON 646 990,000 1,533

http://www.propwise.sg/http://www.propwise.sg/http://www.propwise.sg/http://www.propwise.sg/


16/17



Postal


Area

(sqft)

Transacted

Price ($)$ psf

10 THE ASTON 1,109 1,450,000 1,308

10 THE ESTORIL 2,088 2,700,000 1,293

10 THE GRANGE 2,293 5,880,000 2,565

10 THE SERENADE @ HOLLAND 1,905 2,300,000 1,207

10 THE TESSARINA 1,012 1,380,000 1,364

11 AMARYLLIS VILLE 1,238 1,725,000 1,394

11 IRIDIUM 1,066 1,640,000 1,539

11 SOLEIL @ SINARAN 506 995,000 1,967

11 THE PARK VALE 743 990,000 1,333

11 THOMSON 800 1,625 1,965,000 1,209

11 THOMSON 800 1,625 1,890,000 1,163

12 BEACON HEIGHTS 667 743,000 1,113

12 GLOBAL VILLE 893 935,000 1,047

12 OKIO 420 667,100 1,589

12 OLEANDER TOWERS 1,141 1,070,000 938

12 REGENT COURT 969 1,040,000 1,074

12 ROCCA BALESTIER 1,109 965,000 870

12 THE CITRINE 1,141 1,240,000 1,087

12 TRELLIS TOWERS 710 923,000 1,299

13 8@WOODLEIGH 1,378 1,368,000 993

13 THE ACACIAS 1,249 1,200,000 961

14 EUNOSVILLE 1,733 1,200,000 692

14 SIMS POINT 1,227 828,000 67514 THE ALCOVE 1,378 990,000 719

15 AURALIS 1,001 1,244,430 1,243

15 CADENCE LIGHT 721 850,000 1,179

15 CAMELODGE 1,690 1,220,000 722

15 COTE D'AZUR 1,152 1,500,000 1,302

Postal


Area

(sqft)

Transacted

Price ($)$ psf

15 CRYSTAL RHU 1,066 1,343,000 1,260

15 EAST ELEGANCE 753 800,000 1,062

15 EASTBAY 958 1,200,000 1,253

15 EASTERN RESIDENCE 1,173 1,010,000 861

15 E-SPACE 990 970,000 980

15 ESTERINA 1,206 1,320,000 1,095

15 LIVINGSTON MANSIONS 1,399 1,178,000 842

15 OLA RESIDENCES 1,636 2,100,000 1,284

15 TEMBELING COURT 2,379 2,020,000 849

15 THE AMBRA 818 870,000 1,063

15 THE MAKENA 1,636 2,080,000 1,271

15 THE SEAFRONT ON MEYER 1,615 2,650,000 1,641

15 WATER PLACE 1,561 1,810,000 1,160

16 BLEU @ EAST COAST 1,173 1,180,000 1,006

16 CASA MERAH 1,227 1,296,000 1,056

16 EAST MEADOWS 1,356 1,250,000 922

16 KEW GREEN 3,078 1,750,000 568

16 STRATFORD COURT 1,744 1,180,000 677

16 TANAMERA CREST 872 738,000 846

16 THE BAYSHORE 980 844,800 862

16 VILLAS LAGUNA 1,561 1,380,000 884

17 AVILA GARDENS 893 762,000 853

17 BLUWATERS 2 872 800,000 91817 COASTAL BREEZE RESIDENCES 1,173 963,000 821

17 DAHLIA PARK CONDOMINIUM 1,098 845,000 770

17 EDELWEISS PARK CONDOMINIUM 947 830,000 876

17 FERRARIA PARK CONDOMINIUM 1,087 1,115,000 1,026

17 HEDGES PARK CONDOMINIUM 797 724,100 909



17/17



Postal


Area

(sqft)

Transacted

Price ($)$ psf

17 HEDGES PARK CONDOMINIUM 1,345 1,053,000 783

18 DOUBLE BAY RESIDENCES 1,561 1,451,730 930

18 LIVIA 1,324 1,128,000 852

18 MELVILLE PARK 936 775,000 828

18 MELVILLE PARK 1,302 900,000 69118 OASIS @ ELIAS 1,281 1,030,000 804

18 SAVANNAH CONDOPARK 990 830,000 838

19 CHILTERN PARK 936 900,000 961

19 CHUAN PARK 1,496 938,000 627

19 GOLDEN HEIGHTS 1,238 1,250,000 1,010

19 KOVAN RESIDENCES 947 1,100,000 1,161

19 REGENTVILLE 1,152 830,000 721

19 RIO VISTA 1,378 1,060,000 769

19 RIVERVALE CREST 1,206 845,000 70119 TERRASSE 807 885,200 1,096

19 TERRASSE 807 913,400 1,131

19 TREASURE GARDENS 2,131 1,400,000 657

19 YI MEI GARDENS 1,862 1,320,000 709

20 CLOVER BY THE PARK 1,582 1,728,800 1,093

20 CLOVER BY THE PARK 1,755 1,342,000 765

20 GRANDEUR 8 1,227 1,100,000 896

20 THE GARDENS AT BISHAN 1,206 1,130,000 937

20 TRESALVEO 603 760,000 1,261

21 HIGHGATE 1,496 1,318,000 881

21 THE BLOSSOMVALE 1,711 2,300,000 1,344

22 PARC OASIS 1,389 1,260,000 907

22 THE CENTRIS 1,238 1,298,000 1,049

22 THE LAKESHORE 1,109 1,090,000 983

Postal


Area

(sqft)

Transacted

Price ($)$ psf

22 THE LAKESHORE 872 905,000 1,038

22 THE LAKESHORE 926 930,000 1,005

23 CHANTILLY RISE 1,442 1,280,000 887

23 FORESQUE RESIDENCES 1,421 1,623,700 1,143

23 FORESQUE RESIDENCES 732 779,770 1,06523 FORESQUE RESIDENCES 1,119 1,177,300 1,052

23 GUILIN VIEW 1,572 1,100,000 700

23 HILLBROOKS 1,464 1,280,000 874

23 HILLBROOKS 1,981 1,960,000 990

23 HILLVIEW HEIGHTS 958 910,000 950

23 REGENT HEIGHTS 1,023 750,000 733

25 CASABLANCA 904 758,000 838

25 CASABLANCA 936 768,000 820

25 ROSEWOOD 1,173 820,000 69925 WOODGROVE CONDOMINIUM 1,518 880,000 580

26 CASTLE GREEN 947 820,000 866

26 THE CALROSE 1,625 1,290,000 794

26 THE CALROSE 1,141 1,253,000 1,098

27 EIGHT COURTYARDS 1,572 1,242,360 791

27 EIGHT COURTYARDS 969 797,148 823

27 YISHUN EMERALD 1,023 790,000 773

27 YISHUN SAPPHIRE 1,184 763,000 644

28 H2O RESIDENCES 1,055 797,160 756

28 SUNRISE GARDENS 1,464 928,000 634

NOTE: This data only covers non-landed residential resale property

transactions with caveats lodged with the Singapore Land

Authority. Typically, caveats are lodged at least 2-3 weeks after a

purchaser signs an OTP, hence the lagged nature of the data.

Date post:	07-Apr-2018
Category:	Documents
Upload:	propwisesg
View:	215 times
Download:	0 times

Singapore Property Weekly Issue 6

Documents