singapore property weekly issue 74
TRANSCRIPT
-
7/31/2019 Singapore Property Weekly Issue 74
1/26
Issue 74Copyright 2011-2012 www.Propwise.sg. All Rights Reserved.
http://www.propwise.sg/http://www.propwise.sg/ -
7/31/2019 Singapore Property Weekly Issue 74
2/26
ContributeDo you have articles and insights and articles that youd 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.
AdvertiseWant 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 out more.
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] -
7/31/2019 Singapore Property Weekly Issue 74
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/ -
7/31/2019 Singapore Property Weekly Issue 74
4/26
SINGAPORE PROPERTY WEEKLY Issue 74
Page | 3Back to Contents
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.
-
7/31/2019 Singapore Property Weekly Issue 74
5/26
SINGAPORE PROPERTY WEEKLY Issue 74
Page | 4Back to Contents
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.
-
7/31/2019 Singapore Property Weekly Issue 74
6/26
SINGAPORE PROPERTY WEEKLY Issue 74
Page | 5Back to Contents
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.
-
7/31/2019 Singapore Property Weekly Issue 74
7/26
SINGAPORE PROPERTY WEEKLY Issue 74
Page | 6Back to Contents
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
-
7/31/2019 Singapore Property Weekly Issue 74
8/26
SINGAPORE PROPERTY WEEKLY Issue 74
Page | 7Back to Contents
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
-
7/31/2019 Singapore Property Weekly Issue 74
9/26
SINGAPORE PROPERTY WEEKLY Issue 74
Page | 8Back to Contents
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.
SINGAPORE PROPERTY WEEKLY Issue 74
http://propertymarketinsights.com/http://propertymarketinsights.com/http://propertymarketinsights.com/http://propertymarketinsights.com/http://propertymarketinsights.com/http://propertymarketinsights.com/http://propertymarketinsights.com/http://propertymarketinsights.com/http://propertymarketinsights.com/http://propertymarketinsights.com/http://propertymarketinsights.com/http://propertymarketinsights.com/http://propertymarketinsights.com/http://propertymarketinsights.com/http://propertymarketinsights.com/http://propertymarketinsights.com/http://propertymarketinsights.com/http://propertymarketinsights.com/http://propertymarketinsights.com/http://propertymarketinsights.com/http://propertymarketinsights.com/http://propertymarketinsights.com/http://propertymarketinsights.com/http://propertymarketinsights.com/http://propertymarketinsights.com/http://propertymarketinsights.com/http://propertymarketinsights.com/http://propertymarketinsights.com/http://propertymarketinsights.com/http://propertymarketinsights.com/http://propertymarketinsights.com/http://propertymarketinsights.com/http://propertymarketinsights.com/http://propertymarketinsights.com/http://propertymarketinsights.com/http://propertymarketinsights.com/http://propertymarketinsights.com/http://propertymarketinsights.com/http://propertymarketinsights.com/http://propertymarketinsights.com/http://propertymarketinsights.com/http://propertymarketinsights.com/ -
7/31/2019 Singapore Property Weekly Issue 74
10/26
SINGAPORE PROPERTY WEEKLY Issue 74
Page | 9Back to Contents
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.
SINGAPORE PROPERTY WEEKLY Issue 74
-
7/31/2019 Singapore Property Weekly Issue 74
11/26
SINGAPORE PROPERTY WEEKLY Issue 74
Page | 10Back to Contents
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.
SINGAPORE PROPERTY WEEKLY Issue 74
-
7/31/2019 Singapore Property Weekly Issue 74
12/26
SINGAPORE PROPERTY WEEKLY Issue 74
Page | 11Back to Contents
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.
SINGAPORE PROPERTY WEEKLY Issue 74
http://sgproptalk.blogspot.com/http://sgproptalk.blogspot.com/http://sgproptalk.blogspot.com/http://sgproptalk.blogspot.com/ -
7/31/2019 Singapore Property Weekly Issue 74
13/26
SINGAPORE PROPERTY WEEKLY Issue 74
Page | 12Back to Contents
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,
SINGAPORE PROPERTY WEEKLY Issue 74
http://propertymarketinsights.com/http://propertymarketinsights.com/http://propertymarketinsights.com/http://propertymarketinsights.com/ -
7/31/2019 Singapore Property Weekly Issue 74
14/26
SINGAPORE PROPERTY WEEKLY Issue 74
Page | 13Back to Contents
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.
SINGAPORE PROPERTY WEEKLY Issue 74
http://propertymarketinsights.com/http://propertymarketinsights.com/http://propertymarketinsights.com/http://propertymarketinsights.com/http://propertymarketinsights.com/http://propertymarketinsights.com/ -
7/31/2019 Singapore Property Weekly Issue 74
15/26
SINGAPORE PROPERTY WEEKLY Issue 74
Page | 14Back to Contents
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,
SINGAPORE PROPERTY WEEKLY Issue 74
-
7/31/2019 Singapore Property Weekly Issue 74
16/26
S G O O ssue
Page | 15Back to Contents
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.
SINGAPORE PROPERTY WEEKLY Issue 74
http://propertymarketinsights.com/http://www.propwise.sg/secretsofsingaporepropertygurus/http://propertymarketinsights.com/http://propertymarketinsights.com/http://propertymarketinsights.com/ -
7/31/2019 Singapore Property Weekly Issue 74
17/26
Singapore Property This Week
Page | 16Back to Contents
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
SINGAPORE PROPERTY WEEKLY Issue 74
-
7/31/2019 Singapore Property Weekly Issue 74
18/26
Page | 17Back to Contents
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
SINGAPORE PROPERTY WEEKLY Issue 74
-
7/31/2019 Singapore Property Weekly Issue 74
19/26
Page | 18Back to Contents
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.
(Source: Business Times)
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.
(Source: Business Times)
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.
(Source: Business Times)
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
SINGAPORE PROPERTY WEEKLY Issue 74
-
7/31/2019 Singapore Property Weekly Issue 74
20/26
Page | 19Back to Contents
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.
(Source: Business Times)
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.
(Source: Business Times)
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
SINGAPORE PROPERTY WEEKLY Issue 74
-
7/31/2019 Singapore Property Weekly Issue 74
21/26
Page | 20Back to Contents
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.
(Source: Business Times)
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
SINGAPORE PROPERTY WEEKLY Issue 74
-
7/31/2019 Singapore Property Weekly Issue 74
22/26
Page | 21Back to Contents
without restrictions and in accordance with
demand.
(Source: Business Times)
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.
(Source: Business Times)
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
SINGAPORE PROPERTY WEEKLY Issue 74
http://www.moneymatters.sg/ -
7/31/2019 Singapore Property Weekly Issue 74
23/26
Page | 22Back to Contents
space in Q3 increased by 5.1% and 6% to
$699 psf and $636 psf respectively. Prices
may remain stable in the medium term if
financing remains easily available, especially
for new 30-year leasehold units but may fall inthe long term with the expected increase in
20 million sq ft supply of factory and industrial
space in 2013. Rents are expected to remain
fairly stable, with a slower growth of under
1.5%, as a result of the current high industrial
property prices, lease renewals, and possiblyrelocation and expansion.
(Source: Business Times)
SINGAPORE PROPERTY WEEKLY Issue 74
http://www.moneymatters.sg/ -
7/31/2019 Singapore Property Weekly Issue 74
24/26
Page | 23Back to Contents
Non-Landed Residential Resale Property Transactions for the Week of Oct 3 Oct 9
Postal
DistrictProject Name
Area
(sqft)
Transacted
Price ($)
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
DistrictProject Name
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
SINGAPORE PROPERTY WEEKLY Issue 74
-
7/31/2019 Singapore Property Weekly Issue 74
25/26
Page | 24Back to Contents
Postal
DistrictProject Name
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
DistrictProject Name
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
SINGAPORE PROPERTY WEEKLY Issue 74
-
7/31/2019 Singapore Property Weekly Issue 74
26/26
Page | 25Back to Contents
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
DistrictProject Name
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
DistrictProject Name
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