Issue 74

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

CONTENTS
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5 Bestselling New Property Launches of September Do the Additional Stamp Duties and HDB Cash Over Valuation Make Sense?

FROM THE

EDITOR

Welcome to the 74th edition of the Singapore Property Weekly. Hope you like it! Mr. Propwise

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5 Year Property Transaction History Now Here! Singapore Property News This Week Resale Property Transactions (October 3 October 9)

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SINGAPORE PROPERTY WEEKLY Issue 74

5 Bestselling New Property Launches of September

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.

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SINGAPORE PROPERTY WEEKLY Issue 74

5. Bartley Residences, 78 units sold With 70 units sold in September, Bartley

Residences ranks fifth. With 702 units, the 99year 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 Maris Stella 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.

(All map screenshots are taken from

OneMap.sg)

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SINGAPORE PROPERTY WEEKLY Issue 74 4. Foresque Residences, 104 Units Sold With 104 units sold in September, Foresque Residences takes fourth place. The 99-year

leasehold condominium is expected to be

completed by 2015 with 496 units. Foresque Residence offers facilities such as a tennis court and a swimming pool. Foresque Residences is located at 101-109 Petir Road,

near Bukit Panjang LRT and the upcoming

Hillview MRT. Also in the district are schools like Chestnut Drive Secondary School and Bukit Panjang Primary School. Residents can go to Junction Ten or Bukit Panjang Plaza for

amenities.

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SINGAPORE PROPERTY WEEKLY Issue 74

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 by

2017 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 amenities. School. Residents can go to

Compass Point and Rivervale Plaza for daily

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SINGAPORE PROPERTY WEEKLY Issue 74 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 by

2016 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 Primary Secondary School. School Residents and can Xinghua go to

Hougang Mall for amenities.

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SINGAPORE PROPERTY WEEKLY Issue 74 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 by

2017 with 748 units. eCO offers naturecentric 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.

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SINGAPORE PROPERTY WEEKLY Issue 74 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 their Singapore property purchases. Click here to get your FREE report on Understanding the Property Market Cycle to invest profitably

now.

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SINGAPORE PROPERTY WEEKLY Issue 74

Do the Additional Stamp Duties and HDB Cash Over Valuation Make Sense?
By guest contributor The Folks A letter from a certain Mr Zhuang Li-Hao was published in the Straits Times forum page recently. Mr Zhuang felt that existing policies curb transaction volumes, but are by themselves inflationary. This is why prices continue to rise despite the various rounds of cooling measures. He suggested two ways to modify current housing policies to stabilize housing prices and demand:

1. Replace Additional Buyer's Stamp Duty (ABSD) and Seller's Stamp Duty (SSD) with a capital gains tax
Mr Zhuang feels that both ABSD and SSD deter speculators, but directly increase the costs of ownership and transaction.
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SINGAPORE PROPERTY WEEKLY Issue 74 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
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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 only owned those properties for less than two years each but we were staying in all the properties concerned during the period of ownership.
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SINGAPORE PROPERTY WEEKLY Issue 74 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? 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 a mechanism for people to make money. One of the primary reason prices for massmarket 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 at SG PropTalk.

The proposal by Mr Zhuang is likely to kill the sub-sale market instantly and reduce activities 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 tax will have a muted effect on buying interests. And speaking of COV and escalating

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SINGAPORE PROPERTY WEEKLY Issue 74

5 Year Property Transaction History Now Here!

Weve heard the feedback! We are glad to announce 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 what our members get is a regularly updated and searchable database of residential (nonlanded 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,

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SINGAPORE PROPERTY WEEKLY Issue 74 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? You bet! And if youre 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 access the 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.
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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.
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SINGAPORE PROPERTY WEEKLY Issue 74 Its a great way to get to see both the volume and pricing history of transactions for any project youre interested in. 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 useful to 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 the sail 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,

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
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SINGAPORE PROPERTY WEEKLY Issue 74 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.
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SINGAPORE PROPERTY WEEKLY Issue 74

Singapore Property This Week

Residential
Developer sales in September break 2010 records 2,621 private homes excluding ECs were sold in September, an 83.7% increase from August and the highest since July 2009's 2,772 units, thus bringing the total units sold this year to 17,927 units, up 12.7% from 2011s full-year record and 10% from 2010s full-year record. This is mainly driven by the sales in the Outside Central Region, which saw a 146% increase from 837 units in August to 2.062 units in September. This may be due to the increase in new launches in September to 2,224 units from 1,118units in August as well as the high liquidity and low interest rates.
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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

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SINGAPORE PROPERTY WEEKLY Issue 74 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. The yearly 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 Back to Contents

$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 120,855sq-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 on Nov 29. A third EC site at the Sembawang Crescent- Sembawang Drive junction will be launched for tender on Oct 30. The 233,760 sq ft site has a 654,527 sq ft GFA and can yield about 650 units. It could potentially attract four to seven bidders, with a top bid of $250-330 psf ppr. Also available are two reserve-list sites in Tampines Ave 10, Parcels C and D. Parcel C is a 238,860 sq ft

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SINGAPORE PROPERTY WEEKLY Issue 74 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 fourbedroom 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

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SINGAPORE PROPERTY WEEKLY Issue 74 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 land area 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 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 quarters or 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. The tender for the subject properties closes on Nov 2, 2012 at 2.30pm. (Source: Business Times) URA believed to be setting informal guidelines on shop sizes While the URA has yet to release any official guidelines, it was generally believed that URA is setting informal guidelines on shop sizes to
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The pair of four-storey shophouses at Tanjong Katong Road within the gazetted Tanjong Katong Conservation area has been launched for sale by public tender with an indicative pricing of $10-12 million. The shophouses with a total of two retail shops on
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SINGAPORE PROPERTY WEEKLY Issue 74 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 sq m 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 traffic congestion 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 may combine these into a larger unit. Alternatively, these units may be used for storage, or retail purposes that require little space such as
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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 HDB shophouses

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

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SINGAPORE PROPERTY WEEKLY Issue 74 without restrictions and in accordance with demand. (Source: Business Times) (Source: Business Times) Moderation of industrial property prices expected

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 the residential market as a result of the cooling measures, low interest rates on savings and low mortage rates.
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Average transacted prices for new strata industrial units fell slightly in Q3, while prices for resale strata industrial properties with 30year leases increase by 3.8% in the same period to $249 psf, compared to a 28% increase in Q2 from Q1. Meanwhile, sixtyyear and 99-year leasehold and freehold industrial 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
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SINGAPORE PROPERTY WEEKLY Issue 74 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 in the 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 possibly relocation and expansion. (Source: Business Times)

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SINGAPORE PROPERTY WEEKLY Issue 74

Non-Landed Residential Resale Property Transactions for the Week of Oct 3 Oct 9
Postal District 1 1 2 3 3 3 3 3 4 4 4 5 5 5 5 5 5 7 8 8 9 9 9 9 Area (sqft) 506 614 1,313 840 1,173 915 1,636 1,292 2,099 2,852 1,249 1,615 1,625 1,572 1,152 2,648 904 872 474 517 1,292 936 1,227 3,444 Transacted Price ($) 1,230,000 1,270,980 960,000 1,230,000 1,715,000 1,300,000 2,130,000 1,500,000 5,982,150 7,726,068 1,900,000 2,380,000 1,920,000 1,830,000 1,250,000 2,727,440 800,000 1,200,000 625,000 630,000 3,488,000 1,685,000 2,088,880 5,650,000 Price Tenure ($ psf) 2,431 99 2,072 99 731 85 1,465 99 1,462 99 1,421 99 1,302 FH 1,161 99 2,850 99 2,709 99 1,522 99 1,474 99 1,181 99 1,164 99 1,085 99 1,030 FH 885 99 1,376 99 1,320 FH 1,219 FH 2,700 FH 1,799 99 1,702 FH 1,640 FH Postal District 9 9 9 9 9 10 10 10 10 10 10 10 10 10 10 10 11 11 11 11 11 12 12 12 Area (sqft) 1,044 1,130 1,119 3,122 1,206 2,885 2,024 743 1,044 797 2,336 1,830 1,744 764 1,808 1,625 581 624 753 1,292 861 1,119 904 1,249 Transacted Price ($) 1,670,400 1,770,000 1,740,000 4,750,000 1,520,000 8,880,000 5,700,000 1,360,000 1,850,000 1,242,000 3,575,000 2,800,000 2,650,000 1,158,000 2,530,000 2,150,000 1,165,000 1,150,000 1,270,000 2,080,000 1,250,000 1,530,000 950,000 1,290,000 Price Tenure ($ psf) 1,600 999 1,566 999 1,554 FH 1,522 999 1,261 FH 3,078 FH 2,817 FH 1,831 FH 1,772 FH 1,559 FH 1,531 FH 1,530 FH 1,520 FH 1,515 999 1,399 FH 1,323 FH 2,004 99 1,842 FH 1,686 FH 1,610 FH 1,452 FH 1,367 99 1,051 FH 1,033 FH

Project Name THE CLIFT THE SAIL @ MARINA BAY SPOTTISWOODE PARK MERAPRIME MERAPRIME QUEENS THE REGENCY AT TIONG BAHRU CENTRAL GREEN CONDOMINIUM MARINA COLLECTION SEASCAPE CARIBBEAN AT KEPPEL BAY ONE-NORTH RESIDENCES CLEMENTIWOODS CONDOMINIUM VARSITY PARK CONDOMINIUM BLUE HORIZON THE PARC CONDOMINIUM VISTA PARK THE BENCOOLEN KENG LEE COURT THE MERLOT RICHMOND PARK LEONIE STUDIO MIRAGE TOWER BELLE VUE RESIDENCES

Project Name ASPEN HEIGHTS ASPEN HEIGHTS RESIDENCES AT 338A ASPEN HEIGHTS CAVENAGH GARDENS ARDMORE PARK ARDMORE II RISING SUITES THE CORNWALL THE LEVELZ SOMMERVILLE PARK WATERFALL GARDENS MONTVIEW VALLEY PARK VILLAGE TOWER OLINA LODGE SOLEIL @ SINARAN LUCIDA IRIDIUM THOMSON EURO-ASIA NOVENA COURT TREVISTA PARC HAVEN THE RICHMOND

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SINGAPORE PROPERTY WEEKLY Issue 74

Postal District 12 13 13 14 14 14 14 14 14 14 15 15 15 15 15 15 15 15 15 15 15 15 15 15 15 15 15 Project Name THE ABERDEEN ONE LEICESTER MEYA LODGE DAKOTA RESIDENCES THE WATERINA THE TRUMPS CANNE LODGE CHEN FANG MANSIONS SIMS GREEN WING FONG MANSIONS THE BELVEDERE THE SEAFRONT ON MEYER THE COTZ THE WATERSIDE ONE AMBER CASA MEYFORT WATER PLACE PEBBLE BAY PARKSHORE WATER PLACE MANDARIN GARDEN CONDOMINIUM FERNWOOD TOWERS TANJONG RIA CONDOMINIUM SEASIDE PARK IVORY TANJONG RIA CONDOMINIUM AMBER RESIDENCES Area (sqft) 1,302 1,378 1,216 1,313 1,345 1,389 818 936 1,625 1,227 1,012 1,066 452 2,400 1,389 1,765 1,281 1,378 1,335 1,561 732 1,636 1,399 592 1,152 1,399 4,080 Transacted Price ($) 1,342,500 1,700,000 1,288,000 1,675,000 1,600,000 1,580,888 920,000 870,000 1,100,000 800,000 1,650,000 1,600,000 673,000 3,550,000 2,000,000 2,310,000 1,670,000 1,760,000 1,648,000 1,900,000 818,000 1,800,000 1,535,000 645,000 1,240,000 1,500,000 4,080,000 Price Tenure ($ psf) 1,031 FH 1,234 FH 1,059 FH 1,276 99 1,189 FH 1,139 99 1,125 FH 929 FH 677 99 652 FH 1,631 FH 1,501 FH 1,489 FH 1,479 FH 1,440 FH 1,309 FH 1,304 99 1,277 99 1,235 FH 1,217 99 1,118 99 1,100 FH 1,097 99 1,089 999 1,077 FH 1,072 99 1,000 FH Postal District 15 15 15 15 16 16 16 16 16 16 16 16 17 17 18 18 18 18 18 19 19 19 19 19 20 20 21 Project Name AMBER RESIDENCES EASTVILLE APARTMENTS MANDARIN GARDEN CONDOMINIUM EASTWIND MANSIONS EASTWOOD REGENCY CASA MERAH THE SUMMIT THE SUMMIT SUNHAVEN IDYLLIC EAST EASTWOOD GREEN KEW GREEN DAHLIA PARK CONDOMINIUM DAHLIA PARK CONDOMINIUM LIVIA EASTPOINT GREEN THE TROPICA LIVIA ELIAS GREEN COMPASS HEIGHTS KOVAN 81 THE SUNNYDALE EVERGREEN PARK EVERGREEN PARK CLOVER BY THE PARK BOONVIEW THE CASCADIA Area (sqft) 4,230 1,001 1,572 1,345 409 1,389 1,249 1,238 1,259 1,905 1,173 3,089 1,281 1,862 915 1,173 1,238 2,680 1,528 1,249 1,033 1,270 1,012 1,044 1,733 2,368 883 Transacted Price ($) 4,230,000 995,000 1,510,000 1,080,000 620,000 1,660,000 1,360,000 1,225,000 1,200,000 1,800,000 1,050,000 2,100,000 1,200,000 1,428,000 960,000 1,070,000 1,123,000 2,130,000 980,000 1,200,000 960,000 1,080,000 828,000 845,000 2,050,000 2,800,000 1,526,000 Price Tenure ($ psf) 1,000 FH 994 FH 961 99 803 FH 1,516 FH 1,195 99 1,089 FH 990 FH 953 FH 945 FH 895 99 680 99 937 FH 767 FH 1,049 99 912 99 907 99 795 99 641 99 961 99 929 999 850 99 818 99 809 99 1,183 99 1,182 FH 1,729 FH

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SINGAPORE PROPERTY WEEKLY Issue 74

Postal District 21 21 21 21 21 21 21 21 21 21 21 21 22 22 22 22 22 22 22 23 23 23 23 23 23 23 23 Project Name CLEMENTI PARK BUKIT REGENCY SIGNATURE PARK HUME PARK II HUME PARK I HUME PARK II MAYFAIR GARDENS PINE GROVE PINE GROVE PINE GROVE LE WOOD KISMIS VIEW THE LAKESHORE THE LAKESHORE PARC OASIS PARC VISTA LAKEHOLMZ THE MAYFAIR LAKESIDE APARTMENTS PARK NATURA DAIRY FARM ESTATE ESPA THE DAIRY FARM HILLINGTON GREEN HILLVIEW RESIDENCE HILLVIEW REGENCY HILLVIEW APARTMENTS Area (sqft) 2,325 1,399 1,421 1,249 1,496 1,249 1,550 1,755 1,701 1,668 1,141 2,185 926 1,109 1,378 1,066 1,518 1,227 1,518 1,012 1,281 1,087 1,593 1,356 1,270 1,109 1,206 Transacted Price ($) 2,525,000 1,480,000 1,480,000 1,280,000 1,450,000 1,200,000 1,445,000 1,620,000 1,438,000 1,390,000 922,000 1,560,000 1,060,000 1,186,000 1,260,000 920,000 1,250,000 1,000,000 906,888 1,250,000 1,500,000 1,238,000 1,760,000 1,450,000 1,200,000 960,000 1,028,000 Price Tenure ($ psf) 1,086 FH 1,058 FH 1,042 FH 1,025 FH 969 FH 961 FH 932 99 923 99 846 99 833 99 808 99 714 99 1,145 99 1,070 99 915 99 863 99 824 99 815 99 598 99 1,235 FH 1,171 FH 1,139 999 1,105 FH 1,069 999 945 999 866 99 853 FH

Postal District 23 23 23 23 23 23 23 25 25 25 25 27 28

Project Name REGENT HEIGHTS REGENT HEIGHTS REGENT HEIGHTS REGENT HEIGHTS MAYSPRINGS PARKVIEW APARTMENTS REGENT GROVE ROSEWOOD ROSEWOOD ROSEWOOD ROSEWOOD YISHUN SAPPHIRE SERENITY PARK

Area (sqft) 1,023 1,023 1,023 1,335 1,410 1,119 1,163 1,012 1,173 1,033 1,173 1,216 1,324

Transacted Price Tenure Price ($) ($ psf) 848,000 829 99 845,000 826 99 835,000 817 99 1,088,050 815 99 1,145,000 812 99 900,000 804 99 840,000 723 99 838,000 828 99 955,000 814 99 830,000 803 99 925,000 788 99 885,000 728 99 1,250,000 944 FH

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.

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