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  • 7/29/2019 Singapore Property Weekly Issue 87.pdf

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    Issue 87Copyright 2011-2012 www.Propwise.sg. All Rights Reserved.

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

    CONTENTS

    p2 5 Cheapest New Property Projects of the Month

    p9 Questions from a Confused First-Time Home Buyer

    p14 Property Buying Tip #1: Where to invest?

    p15 Singapore Property News This Week

    p22 Resale Property Transactions

    (January 2 January 8)

    Welcome to the 87th 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]
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    SINGAPORE PROPERTY WEEKLY Issue 87

    Page | 2Back to Contents

    5 Cheapest New Property Projects of the Month

    Looking for an affordable property? In this

    article, based on analysis done at

    PropertyMarketInsights.com, we share with

    you the five cheapest non-landed new sale

    properties sold by developers in Singapore in

    the month of December 2012 on a per square

    foot basis, based on URA data.

    This list is a quick way for you to identify

    where the cheapest new projects are. By

    looking at the location, number of units sold

    and prices, you can and potentially spot

    interesting opportunities in projects that are

    nearby that could be selling at a significantdiscount, or identify new projects that are

    priced at a bargain. Dont forget to do your

    own due diligence before committing to any

    purchase!

    http://propertymarketinsights.com/http://propertymarketinsights.com/http://propertymarketinsights.com/http://propertymarketinsights.com/
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    SINGAPORE PROPERTY WEEKLY Issue 87

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    5. Heron Bay, $738 PSF

    (All map screenshots are taken from

    OneMap.sg)

    Heron Bay is at fifth place with $738 PSF,

    with 11 units sold in December. The 99 year

    leasehold condominium is expected to be

    completed by 2016 with 394 units. Some of

    Heron Bay's feature highlights include a

    discovery trail, water edge viewing deck,

    aquatic adventure corner, eco trellis,

    rainforest skylight, hydro spa pool and

    sensory trail. Heron Bay is located at Upper

    Serangoon View near Hougang MRT and

    Khatib MRT. Nearby schools include

    Serangoon Secondary School and Rivervale

    Primary School. Residents can visit nearby

    Sheng Siong, Cold Storage, NTUC Fairprice

    supermarkets or Hougang Plaza, Hougang

    Mall and Compass Point for daily amenities.

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    SINGAPORE PROPERTY WEEKLY Issue 87

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    4. The Topiary, $737 PSF

    The Topiary takes fourth place with $737 PSF

    and a total of 288 units sold in December.

    The 99 year leasehold executivecondominium is expected to be completed by

    2016 with 700 units. The Topiary offers

    facilities such as swimming pool, BBQ

    pavilion, tennis court, piano room, games

    room and hot spring. The Topiary is located at

    Fernvale Lane, near Fernvale LRT and

    Buangkok MRT. Nearby schools include Pei

    Hwa Secondary School and Fernvale Primary

    School. Residents can go to Fernvale Point

    and Greenewich Point for daily amenities.

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    3. Waterbay, $736 PSF

    With a median price of $736 PSF, Waterbay

    is in third place with 31 units sold this month.

    The 99 year leasehold condominium isexpected to be completed by 2016 with 383

    units. Waterbay offers interesting array of

    facilities like gym, cascading waterfall,

    reading pavilion, children's lounge, tea

    pavilion, sun lounge and the rain shower.

    Waterbay is located at 45, Edgefield plains,

    near Cove LRT and Punggol MRT. Nearby

    schools include Punggol Secondary School

    and Edgefield Primary School. Residents can

    go to Compass Point for daily amenities.

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    2. 1 Canberra, $717 PSF

    In second place is 1 Canberra with a median

    sales price of $717 PSF, with 19 units sold in

    the month. The 665-unit ExecutiveCondominium is expected to be completed in

    2016. 1 Canberra is located at Canberra

    Drive. It comes with a variety of pools and

    facilities like a beach splash pool, wading

    pool, outdoor aqua gym, reflection pool, water

    lounges, hydrospa and free form pool. 1Canberra is just opposite Ahmad Ibrahim

    Secondary School and Yishun Primary

    School. 1 Canberra is also close to Yishun

    MRT and Northpoint Shopping Centre.

    SINGAPORE PROPERTY WEEKLY I 87

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    1. The Canopy, $709 PSF

    Located at Yishun Avenue 11, The Canopy is

    the cheapest in December with a median

    price of $709 PSF and only 1 unit sold in themonth. With 406 units the Executive

    Condominium is expected to be completed in

    2014. The Canopy offer facilities like

    clubhouse, fitness corner, badminton hall,

    gymnasium room, lap pool and playground. It

    is a few minutes ride away from SengkangMRT. Nearby schools include Northb Brook

    Secondary School and Huamin Primary

    School. Residents can visit the NTUC

    Fairprice at Yishun Ring Road for daily

    amenities.

    SINGAPORE PROPERTY WEEKLY I 87

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    SINGAPORE PROPERTY WEEKLY Issue 87

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    Looking at the top five cheapest properties

    sold in December, we can see that most are

    Executive Condominiums and not in central

    locations. Till next month!

    Want a longer list of cheap new sale projects

    with more non-EC names? You can get this

    and much more at

    PropertyMarketInsights.com, a site that helps

    investors spot opportunities and time their

    Singapore property purchases. Click here to

    get your FREE report on Understanding the

    Property Market Cycle to invest profitably

    now.

    SINGAPORE PROPERTY WEEKLY Issue 87

    http://propertymarketinsights.com/http://propertymarketinsights.com/http://propertymarketinsights.com/http://propertymarketinsights.com/http://propertymarketinsights.com/http://www.moneymatters.sg/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/
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    SINGAPORE PROPERTY WEEKLY Issue 87

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    Questions from a Confused First-Time Home Buyer

    By The Folks (guest contributor)

    The wife and I came across an article in the

    Forum page of our de facto English

    newspaper (So many questions, so few

    answers) from a certain Mr. Tan who

    happens to be an enthusiastic first-time home

    buyer. He claimed that the numerous doubts

    and anomalies he had noticed after viewing

    several new and completed projects could not

    be explained clearly even by experienced real

    estate agents. He went on to list the

    questions he is stilling seeking answers to.

    While maintaining that we are not real estate

    experts (and thus not dispensing professional

    advice here), we like to have a crack at Mr.

    Tan's questions:

    SINGAPORE PROPERTY WEEKLY Issue 87

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    SINGAPORE PROPERTY WEEKLY Issue 87

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    1. What constitutes part of total floor area

    and what does not?

    Technically speaking, everything that is shown

    on the floor plan of an apartment/house will

    form a part of the total floor area. The obvious

    ones are open roof terraces and private

    enclosed spaces. But areas labeled as RC

    ledge, A/C ledge, void, void over

    staircases, flat roof of houses (no access

    except for maintenance) etc are generally

    included as part of the total floor area as well.

    The wife and I have previously come across a

    new project in the Holland area (recently

    TOPed) where a planter box located on the

    outer wall of the master bathroom toilet was

    included as part of the total area, despite the

    fact that one has no access whatsoever to

    this planter box!

    The areas that generally do not constitute part

    of the total area are what we term common

    areas, e.g. the walkway outside your

    apartment, the lift landings (unless your

    apartment has a private lift, in which case the

    lift landing is also part of your total area) etc.

    2. Is it true that unusable space

    constitutes 20% to 35% of a units total

    floor area (jumbo penthouses excluded)?

    Although this differs between projects, 10% to

    20% of unusable space is a realistic ballpark.

    3. Why are secondary market units valued

    at a hefty discount to primary market

    ones?

    The can be due to various factors: age and

    condition of the older development, pedigree

    of older development versus new, and insome cases, the perception of owners in the

    older development as to how much they can

    move prices of their units up vis-a-vis the

    price of neighboring new development.

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    SINGAPORE PROPERTY WEEKLY Issue 87

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    But the primary reason is due to the obscene

    bids that developers have made for land

    parcels over the last two to three years,

    coupled with increase in construction costs.

    As such, their break-even price is muchhigher now resulting in higher selling prices

    for new projects.

    4. Can small office, home office (SOHO)

    units with commercial titles like those at

    Southbank and The Central be purchased

    for residential use? Is office-cum-

    residential use allowed?

    This is best explained by URA on their

    website, which has this to say:

    Increasingly, we are seeing more

    developments marketed as SOHO in the

    property market. SOHO is essentially a

    marketing term used by property

    developments to refer to Small Office, Home

    Office. Many would-be buyers are unsure

    whetherSOHOunits are approved for office

    or home use, or both.

    URA does not recognize SOHO as a

    planning term and does not specifically

    approve a development for SOHO use.

    Rather, developments being marketed as

    SOHO today are approved either as Office or

    Residential but not for both uses.

    We have noticed that some officedevelopments are being marketed as

    residential apartments by calling themselves

    SOHO. This is misleading and inappropriate

    as the office development may not fully meet

    the guidelines and various technicalagencies

    requirements for Residential use (eg.provision of sufficient parking facilities).

    Similarly, home buyers should not be misled

    by the term SOHO to think that they can

    convert the residential unit to a pure office.

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    Residential homeowners or tenants who wan

    to conduct selected small-scale businesses

    from homes can make use of the existing

    Home Office Scheme. This is not to be

    confused with SOHO as these units undethe Home Office Scheme are still approve

    and used primarily for Residential purposes.

    To ensure that the home office uses do no

    disturb the neighbors, applicants under the

    Home Office Scheme must meet the

    stipulated conditions and performance criteria.

    For example, there is a limit on the number o

    employees and type of business uses tha

    can be conducted within the homes. More

    details on the Home Office Scheme can be

    found a

    http://edanet.ura.gov.sg/dcd/homeoffice/HOM

    ainPage/HOindex.jsp.

    Would-be property buyers should be cautious

    and are advised to check the approved use of

    the property before committing to any

    purchases.

    5. Some formerly freehold estates that

    went en bloc are now being sold as new

    99-year leasehold condos. Are there any

    implications to buyers - legal or

    otherwise?

    We are talking about the likes of The Shore

    Residences in Katong (formerly Rose

    Garden), which is sold on a 103-year leasebut resides on a freehold site.

    Realistically speaking, this is no difference to

    buying a leasehold property. The only major

    implication to buyers (that the wife and I can

    think of) is that, at the end of the 103-year

    lease, the land owner can rightfully take

    back the land and do whatever with it as they

    please, with the buyers/owners having little/no

    recourse.

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    SINGAPORE PROPERTY WEEKLY Issue 87

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    6. Why are new developments prohibited

    from enclosing balconies and having

    covered structures built on top of open

    roof terraces whereas old estates aren't?

    This has to do with not changing the facade ofthe estate. Imagine what a brand new

    development will look like if every owner

    decides to have their own way with their

    balconies and roof terraces? So a rule is

    generally put in place at new developments

    prohibiting any additions/alterations that willalter the facade of the estate. But these rules

    will generally be relaxed as the estate gets

    older, although we are unsure if there is a

    stipulated number of years before this

    happens.

    7. What is the difference between unit size,

    gross floor area and strata floor area?

    This is one that we are not exactly sure (so

    we stand corrected) but we believe the terms

    are used interchangeably these days to mean

    one and the same thing. However, Gross

    Floor Area is typically referred to in formal and

    legal documents while Strata Floor Area is

    used when determining share-values of theunit concerned.

    8. Why is photography disallowed in

    showflats?

    This question is best left to the developers,

    but we reckon they do not want people to just

    go to their showflats to steal ideas without

    the slightest intention of buying.

    There you have it! So if Mr. Tan happens to

    read our blog, hope the above helped in some

    small ways towards explaining your numerous

    doubts and anomalies...

    By The Folks, who blog about Singapore

    property atSG PropTalk.

    SINGAPORE PROPERTY WEEKLY Issue 87

    http://www.sgproptalk.blogspot.com/http://www.sgproptalk.blogspot.com/http://www.sgproptalk.blogspot.com/http://www.sgproptalk.blogspot.com/
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    SINGAPORE PROPERTY WEEKLY Issue 87

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    Property Buying Tip #1: Where to invest?

    (Reference: www.ura.gov.sg)

    One of the most important websites to gather

    information about Singapores physical

    development is www.ura.gov.sg. Some of the

    key information available on this website

    includes:

    The Concept Plan which maps out the

    countrys vision for the next 40 to 50

    years based on the population scenario

    projections and taking into account the

    scarcity of land. The Concept Plan isreviewed every ten years. This long-term

    plan ensures there is sufficient land to

    meet the anticipated population andeconomic growth in order to provide a

    good living environment.

    The Master Plan is the statutory land use

    plan which guides Singapores

    development in the medium term over the

    next 10 to 15 years. The Master Plan is

    reviewed every five years.

    You can consider investing in the Regional

    Highlights and Growth Areas identified in the

    Master Plan.

    By Eileen Tan and Ui Wei Teck, property

    investors and authors of Enjoying Mid-Life

    Without Crisis.

    SINGAPORE PROPERTY WEEKLY Issue 87

    http://www.ura.gov.sg/http://www.ura.gov.sg/http://aktive.com.sg/store/enjoying-mid-life-without-crisis/http://aktive.com.sg/store/enjoying-mid-life-without-crisis/http://aktive.com.sg/store/enjoying-mid-life-without-crisis/http://aktive.com.sg/store/enjoying-mid-life-without-crisis/http://aktive.com.sg/store/enjoying-mid-life-without-crisis/http://aktive.com.sg/store/enjoying-mid-life-without-crisis/http://aktive.com.sg/store/enjoying-mid-life-without-crisis/http://aktive.com.sg/store/enjoying-mid-life-without-crisis/http://aktive.com.sg/store/enjoying-mid-life-without-crisis/http://aktive.com.sg/store/enjoying-mid-life-without-crisis/http://aktive.com.sg/store/enjoying-mid-life-without-crisis/http://www.ura.gov.sg/http://www.ura.gov.sg/http://www.ura.gov.sg/http://www.ura.gov.sg/http://www.ura.gov.sg/http://www.ura.gov.sg/http://www.ura.gov.sg/http://www.ura.gov.sg/http://www.ura.gov.sg/http://www.ura.gov.sg/http://www.ura.gov.sg/http://www.ura.gov.sg/http://www.ura.gov.sg/http://www.ura.gov.sg/
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    S G O O ssue 8

    Singapore Property This Week

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    Residential

    Few units sold at showflats following new

    cooling measures

    The new cooling measures which include the

    cap on EC unit sizes at 160 sq m, and the

    inclusion of private enclosed spaces and

    private roof terraces in the 10% bonus GFA

    had resulted in slower sales at showflats -

    CityLife@Tampines, which had only 20 three-

    bedroom units left for sale, sold only two units

    on Sunday. Other developments which had a

    quiet weekend at their showflats include the

    52-unit SeaSuites and 148-unit Village along

    Pasir Panjang. The new cooling measures

    was targeted at keeping the size and the price

    of ECs down but some believe that it might be

    better to introduce a ratio for balcony space

    to interior space rather than simply cappingthe GFA. While sales volume is expected to

    fall, it is expected to recover a little the next

    month as potential buyers might start buying

    in theirchilds name.

    (Source: Business Times)Private home sales and prices to fall

    Following the latest round of cooling

    measures, analysts have predicted a fall in

    transaction volumes ranging from 20 to 50%

    to 10,000 units in 2013 while prices fall by 5-

    10%. Investment demand and the mass-

    market is likely to be affected the most, and

    resale transactions is likely to fall by 30-50%

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    from 10,000 units per year as owners hold on

    to their property if they have more than one to

    avoid incurring the ABSD when they purchase

    another. Further, the luxury property market is

    likely to suffer as a further 5% ABSD isimposed on foreigners (bringing it to 15%)

    who make up 30% of the buyers. Some

    thought this unnecessary since the foreign

    non-PR purchases had accounted for 7% of

    the transactions in each quarter in 2012 and

    below 10% of the transactions involvingproperties priced below $1,670 psf. Given the

    low interest rates, it is likely that more cooling

    measures will be introduced.

    (Source: Business Times)

    Private property rentals likely to staystable

    The latest cooling measures such as

    increased minimum cash downpayment for

    second and subsequent homes, increased

    ABSD and lowered LTV limits for individuals

    with outstanding housing loans may result in

    less demand for private homes and possibly

    an increase in demand in the rental marketsince potential buyers affected by the new

    measures may choose to rent instead.

    However, most analysts do not expect an

    increase in rentals but instead, a stabilisation.

    The HDB rental market, on the other hand,

    may see an increase by 3% since PR ownersare now disallowed from subletting the entire

    flat leading to a smaller supply.

    (Source: Business Times)

    Developers go ahead without change in

    plans

    It would seem that most developers planning

    to launch their projects would continue to do

    so without changes in dates and pricing while

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    developers who have recently launched their

    projects also have no intention of changing

    their prices yet. For example, prices in the 46-

    unit Liberte in Sarkies Road still start at $1.8

    million for a 743 sq ft two-bedroomapartment. In the last round of cooling

    measures, developers had offered incentives

    such as furniture vouchers and

    reimbursements. However, these incentives

    have yet to been seen as possibly many are

    still uncertain of what to expect. Some, suchas the 630-unit Q Bay Residences in

    Tampines Avenue 10, may see a 5-7 % fall in

    prices to below $1,000 psf.

    (Source: Business Times)

    2012s record breaking numbers unlikelyto repeat

    22,290 private homes excluding ECs were

    sold in 2012, breaking 2010s record of

    16,292 units. However, this is unlikely to be

    seen now following the recent cooling

    measures. This can already be seen in the

    proportion of sales OCR accounted for in

    December, 640 of the 1,410 units or 44%,compared to the earlier monthly average of

    1,441 units or 75% of the total in January to

    November 2012. Likewise, only 25% or 248

    of the 1,011 private homes excluding ECs

    launched in December were in the OCR,

    compared to the earlier monthly average of1,355 units and 66% from January to

    November. A total of 21,487 private homes

    (excluding ECs) were launched in 2012, a

    21.3% increase from 2011. 4,521 ECs were

    also sold last year, a 56.8% increase from

    2011.

    Looking ahead, a price fall of up to 5% and 5-

    7% is expected in the mid and mass-market

    segments,

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    and the high-end market respectively while a

    10-46% fall in sales volume to 12,000 to

    20,000 units is predicted.

    (Source: Business Times)

    Land bids expected to fall

    The latest round of cooling measures

    includes an increase in ABSD, lower LTV

    limits and higher cash downpayment; these

    will result in a reduced demand for residential

    property. In addition, by including private

    enclosed spaces (PES) and private roof

    terraces (PRT) in the 10% bonus GFA of

    which development charges are payable, the

    saleable strata area will fall by 4-5%, leading

    to a corresponding 5% fall in land prices. This

    change in guideline will affect low-rise sites

    the most. Developers demand for large sites

    is also likely to fall as a result of the increase

    in the ABSD rate residential land purchases

    from 10% to 15%. In particular, there is likely

    to be a fall in overall sales of residential en

    bloc sites since developers less willing to pay

    more and owners may be reluctant to lower

    their asking price.

    (Source: Business Times)

    Q Bay Residences launched at $985 psf

    ppr

    630-unit Q Bay Residences at the junction of

    Tampines Avenue 1 and Tampines Avenue

    10, the first private condominium launched in

    2013, was launched at an average of $985

    psf ppr, a 7% fall from the planned $1,050 psf

    ppr following the introduction of the new

    property cooling measures. This meant that a

    527 sq ft one-bedroom unit and a 1,981 sq ft

    five-bedroom unit will cost $525,000 and $1.7

    million respectively after a 15% early bird

    discount and a 7% stamp duty discount,

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    which can either be taken upfront or as a

    rebate. Despite the cooling measures,

    demand for Q Bay Residences is expected to

    remain strong given the fact that it is the first

    condominium to be launched in Tampines inthe last two years, and its wide range of unit

    configurations (11 different types; from one

    bedroom, two bedroom, Trio to four bedroom

    verandah units).

    Looking ahead, transaction volumes are

    expected to fall by 20-25% this year

    especially with the increase in ABSD rates,

    accompanied by a 5-7% fall in prices for

    mass and mid-tier condos and a 10-15% fall

    in prices of higher-end condos. PRs are also

    expected to demand more private property

    rather than HDB flats.

    (Source: Business Times)

    Slow showflat sales at Q Bay Residences

    Only 214 of the 400 people at Q Bay

    Residences preview launched bought a unit

    at the private condominium project, much

    smaller than the expected 300 had the latest

    round of cooling measures not be introduced.

    Nevertheless, there are potential buyers who

    may return after sorting out financing issues

    brought on by the new loan restrictions. While

    demand for one to two-bedroom units

    expected to fall, given that such units are

    usually bought for investment, they made up

    46% of the 214 units sold. The strong

    demand may be a result of the lack of new

    condominium in the Tampines area for a few

    years, and the pool of buyers who are likely

    upgraders less affected by the latest round of

    cooling measures.

    (Source: Business Times)

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    200,000 new homes by 2016

    National Development Minister Khaw Boon

    Wan had announced in his blog an upcoming

    supply 200,000 new housing units by 2016,

    including 80,000 private properties, 10,000

    ECs and 110,000 HDB flats. He noted that

    there is imbalance in the market as a result of

    pent-up demand from undersupply and

    increased investment demand in recent

    years. He also added that the latest round of

    cooling measures is necessary and designed

    to protect first-time buyers.

    (Source: Business Times)

    Commercial

    Cooling measures may boost commercialproperty market

    Since most of the cooling measures recently

    introduced are targeted at the residential

    sector of the property market, with another, a

    SSD in the industrial property market, the

    commercial property market may see more

    investments as they are diverted from the

    former two sectors. In particular, demand forstrata-titled office and retail units will likely

    increase. Given the limited supply of such

    property, prices are expected to increase. The

    government, however, is not likely to

    introduce new measures in this sector unless

    the rate of price increase is too high or thestrata units being subdivided are getting too

    small for end users.

    (Source: Business Times)

    4 freehold North Bridge Road shophouses

    up for sale

    The four shophouses at 762, 764, 766 and

    768 North Bridge Road have been launched

    for sale by public auction with existing

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    tenancies at an indicative asking price of

    $15.5 million. They sit on a 5,765 sq ft site

    and have a total GFA of around 9,600 sq ft.

    The site is located near Bugis Junction, Bugis

    Plus, Golden Landmark, Sultan Plaza andKey Point. The auction will be held on Jan 23.

    (Source: Business Times)

    21% strata interest in prime freehold

    Orchard Towers up for sale at $190 million

    Sinarmas Land Ltds subsidiary Golden Bay

    Realty is selling its 21% stake at around $190

    million in Orchard Towers by tender. The

    space being sold comprises of three

    components the 7,449 sq ft strata retail space

    from 21 units, the 70,536 sq ft strata area in

    37 office units in the front tower and 50,084

    sq ft of office space in the rear tower along

    Claymore Road. Potential buyers can

    purchase each of the three components

    separately or as a whole. If sold separately,

    the retail space and the office space have

    asking prices of $3,000 psf and under $2,000

    psf respectively. Orchard Towers which also

    has residential spaces has 595,066 sq ft ofstrata area in 25 floors and 361 carpark lots.

    The tender closes on Feb 27 at 3pm.

    (Source: Business Times)

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    Non-Landed Residential Resale Property Transactions for the Week of Jan 2 Jan 8

    Postal

    DistrictProject Name

    Area

    (sqft)

    Transacted

    Price ($)

    Price

    ($ psf)Tenure

    2 THE BEACON 1,109 1,610,000 1,452 993 YONG SIAK VIEW 990 1,200,000 1,212 FH

    5 VARSITY PARK CONDOMINIUM 1,496 1,800,000 1,203 99

    5 LANDRIDGE CONDOMINIUM 1,830 2,088,000 1,141 FH

    5 WEST BAY CONDOMINIUM 893 895,000 1,002 99

    5 VISTA PARK 1,281 1,130,000 882 99

    7 BURLINGTON SQUARE 732 1,000,000 1,366 99

    9 THE ORCHARD RESIDENCES 1,808 6,180,000 3,417 99

    9 ST THOMAS SUITES 1,819 4,300,000 2,364 FH

    9 THE PATERSON 1,206 2,450,000 2,032 FH9 THE PIER AT ROBERTSON 732 1,425,000 1,947 FH

    9 ESTILO 527 918,000 1,740 FH

    9 NEWTON EDGE 915 1,580,000 1,727 FH

    9 SAM KIANG MANSIONS 1,206 2,020,000 1,676 FH

    10 THE LOFT 1,109 2,300,000 2,075 99

    10 GALLOP GABLES 2,174 3,804,500 1,750 FH

    10 DLV. 1,410 2,300,000 1,631 FH

    10 OLINA LODGE 1,539 1,825,000 1,186 FH

    11 PARK INFINIA AT WEE NAM 1,464 2,828,000 1,932 FH11 NOVENA COURT 775 1,240,000 1,600 FH

    11 CHANCERY COURT 926 1,340,000 1,448 99

    12 TREVISTA 1,281 1,700,000 1,327 99

    12 THE ARTE 1,625 2,100,000 1,292 FH

    12 ONE ST MICHAEL'S 1,249 1,575,000 1,261 FH

    Postal

    DistrictProject Name

    Area

    (sqft)

    Transacted

    Price ($)

    Price

    ($ psf)Tenure

    12 OLEANDER TOWERS 893 1,080,000 1,209 9912 THE CALLISTA 883 990,000 1,122 999

    12 THE ABERDEEN 1,302 1,380,000 1,060 FH

    12 THE BELLEFORTE 1,991 2,000,000 1,004 FH

    15 THE SEA VIEW 1,647 2,860,000 1,737 FH

    15 THE SEAFRONT ON MEYER 1,615 2,710,000 1,678 FH

    15 ESPIRA SUITES 495 755,000 1,525 FH

    15 HERITAGE EAST 495 665,000 1,343 FH

    15 HAWAII TOWER 2,239 2,980,000 1,331 FH

    15 LA MEYER 1,582 2,100,000 1,327 FH15 PALM OASIS 1,001 1,150,000 1,149 FH

    15 PRESTIGE RESIDENCE 990 1,098,000 1,109 FH

    15 THE MINT RESIDENCES 1,130 1,138,000 1,007 FH

    15 LAGOON VIEW 1,647 1,270,000 771 99

    16 COSTA DEL SOL 1,313 1,730,000 1,317 99

    16 CASA MERAH 1,281 1,530,000 1,194 99

    16 RIVIERA RESIDENCES 2,476 2,520,000 1,018 FH

    16 AQUARIUS BY THE PARK 1,227 1,218,000 993 99

    16 THE DAFFODIL 1,001 980,000 979 FH16 TANAMERA CREST 1,173 1,060,000 903 99

    17 FERRARIA PARK CONDOMINIUM 1,195 1,183,050 990 FH

    17 DAHLIA PARK CONDOMINIUM 1,292 1,180,000 914 FH

    18 OASIS @ ELIAS 1,216 1,150,000 945 99

    18 RIS GRANDEUR 1,109 1,045,000 943 FH

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    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

    18 CHANGI RISE CONDOMINIUM 1,130 996,888 882 99

    18 TAMPINES COURT 1,690 1,145,000 678 101

    19 THE QUARTZ 1,066 1,000,000 938 99

    19 COMPASS HEIGHTS 1,324 1,180,000 891 99

    19 COMPASS HEIGHTS 2,390 1,700,000 711 9921 THE STERLING 1,453 2,155,000 1,483 FH

    21 MAPLEWOODS 1,496 2,160,000 1,444 FH

    21 GOODLUCK GARDEN 1,916 2,105,400 1,099 FH

    21 SELANTING GREEN 1,302 1,250,000 960 FH

    21 HIGHGATE 1,485 1,400,000 942 FH

    22 THE MAYFAIR 893 930,000 1,041 99

    23 MONTROSA 1,163 1,255,000 1,080 999

    23 HILLINGTON GREEN 1,776 1,776,000 1,000 999

    23 CHANTILLY RISE 947 900,000 950 FH23 THE MADEIRA 1,302 1,218,000 935 99

    23 PARKVIEW APARTMENTS 936 795,000 849 99

    23 MAYSPRINGS 1,550 1,230,000 794 99

    23 THE LINEAR 1,916 1,450,000 757 999

    23 GUILIN VIEW 1,572 1,188,000 756 99

    26 SEASONS PARK 1,066 938,000 880 99

    27 EUPHONY GARDENS 1,023 788,000 771 99

    28 SERENITY PARK 1,722 1,750,000 1,016 FH

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