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Visit EdgeProp.sg to ˎ nd properties, research market trends and read the latest news The week of February 12, 2018 | ISSUE 817-38
Spotlight Done Deals Gains and Losses Deal Watch Amara Holdings opens More luxury condo units The Sea View’s latest Unit at Boulevard Vue on Signature hotel in sold above $3,000 psf transactions continue the market for $13 mil Shanghai EP3 EP4&5 profi table streak EP8 EP9
Oxley’s international sales gallery at Stevens Road ALBERT CHUA/THE EDGE SINGAPORE CHUA/THE ALBERT
Oxley: All about timing With eight to 10 Singapore projects slated for launch this year and overseas projects being completed as well as brought to market, the property group is turning around sites at record speed. See our Cover Story on Pages 6 and 7. EP2 • EDGEPROP | FEBRUARY 12, 2018 PROPERTY BRIEFS
EDITORIAL EDITOR | MND: 6% of en bloc units sold in past three announced marketing agent ERA Realty on Feb 5. according to Ismail Gafoor, CEO of PropNex Realty. HDB Cecilia Chow years under 30 years old Should the property be launched for collective says about 80% of these flats are already completed. HEAD OF RESEARCH | Minister for National Development (MND) Lawrence sale, the land cost will work out to $1,572 psf ppr, Applications for the BTO and ROF flats close on Feily Sofi an Wong revealed at the Feb 6 parliament session that 6%, including development charges. Feb 12. DEPUTY EDITOR | Lin Zhiqin WRITERS | Angela Teo, Timothy Tay or about 240 units, of the roughly 4,000 units sold en ERA expects to obtain the required 80% consent For the May 2018 BTO exercise, HDB will offer DIGITAL WRITER | Fiona Ho bloc in the past three years were less than 30 years old. and launch the tender sometime after the Chinese about 3,900 flats in Sengkang, Tampines, Toa Payoh He was replying to Member of Parliament (MP) New Year festivities. and Yishun. An SBF exercise will also be held then. COPY-EDITING DESK | Elaine Lim, Evelyn Tung, Lee Bee Wah, who had asked about the age of en Built in 1994, the 216-unit Fernwood Towers sits on Chew Ru Ju, Shanthi Murugiah bloc developments sold in the past three years, and land measuring 148,963 sq ft. Under the 2014 Master Frasers Hospitality invests $250 mil in Ginza PHOTO EDITOR | whether the MND would consider setting a minimum Plan, the site is zoned “Residential”, with a gross plot serviced residence Samuel Isaac Chua age for developments to qualify for an en bloc sale. ratio of 3.0. Subject to authorities’ approval, the site On Feb 6, Frasers Hospitality, a member of Singa- PHOTOGRAPHER | Albert Chua EDITORIAL COORDINATOR | Wong said, of the 40 developments sold en bloc in can be redeveloped up to a maximum GFA of 446,889 pore-based real estate giant Frasers Property, an- Yen Tan the past three years, 13 were less than 30 years old at sq ft, or a plot ratio of 3.0, says ERA. nounced that it had invested $250 million to develop DESIGN DESK | the point of sale, with most of them being more than a new serviced residence in Tokyo’s Ginza district. Tan Siew Ching, Christine Ong, Monica Lim, 20 years old and comprising small developments with Oxley buys Geylang property from Huang Slated to open in 2020, the serviced residence Tun Mohd Zafi an Mohd Za’abah less than 20 units each. Clan Association for $13 mil will have about 200 rooms and be the first Capri by To MP Henry Kwek’s question on the possibili- On Feb 5, Singapore property developer Oxley Hold- Fraser-branded property in Japan. The brand targets ADVERTISING + MARKETING ty of MND working with Airbnb to come up with “a ings entered into a sale and purchase agreement with millennial travellers. ADVERTISING SALES meaningful way of regulating private homes from be- Huang Clan Association to buy a 99-year leasehold Frasers Hospitality says it expects a rise in visi- DIRECTOR, COMMERCIAL OPERATIONS | ing rented out”, Wong said, “There is scope to allow estate in Geylang for $13 million. tors to Tokyo in the coming years, as the city is set Cowie Tan short-term accommodation in Singapore, subject to Located on Lorong 35 Geylang, the property — to host the 2020 Summer Olympics. ASSOCIATE ACCOUNT DIRECTOR | Diana Lim proper safeguards and controls.” which has been the clan house of the association — This brings Frasers Hospitality’s global portfolio, ACCOUNT MANAGER | Wong adds that MND will consult the public on will be redeveloped into an eight-storey, mixed-use including those in the pipeline and under manage- James Chua proposed measures before finalising them. development named Sixteen35 Residences, says Oxley. ment contracts, to more than 145 properties in over CIRCULATION CBRE The development will comprise the association’s 80 cities, with close to 23,000 keys in total. DIRECTOR | Victor The premises at the second and third storeys, and resi- Located near the shopping street of Chuo-dori and EXECUTIVE | dential flats from the fourth to eight storeys. It will Shimbashi station on the Ginza Line, the serviced res- Malliga Muthusamy, Ashikin Kader also have car parking space, a swimming pool and idence will also be close to the Shiodome City Cen- CORPORATE other communal facilities. tre, which has the headquarters of companies such CHIEF EXECUTIVE OFFICER | Sixteen35 Residences will sit on a land area of as All Nippon Airways and Fujitsu. Bernard Tong 2,219.6 sq m. Under the 2014 Master Plan, the site Also opening in 2020 is the 223-unit Frasers Suites PUBLISHER is zoned for “Residential/Institution” development, Akasaka, which Frasers Hospitality will jointly launch The Edge Property Pte Ltd with a gross plot ratio of 2.8. with Japanese property developer Sekisui House. That 150 Cecil Street #13-00 The association’s units will be transferred to its sits within Minato-ku, Akasaka, close to foreign em- Singapore 069543 Tel: (65) 6232 8688 representatives following the completion of the rede- bassies and the official residence of the Prime Min- Fax: (65) 6232 8620 velopment, Oxley says. ister of Japan. Choe Peng Sum, CEO of Frasers Hospitality, com- PRINTER KHL Printing Co Pte Ltd URA introduces pre-application consultant ments, “Frasers Hospitality is no stranger to the Jap- 57 Loyang Drive service for developers anese market.” The hospitality operator opened a Singapore 508968 URA announced on Feb 5 that it was introducing a serviced residence — the 114-unit Frasers Residence Tel: (65) 6543 2222 new and optional pre-application consultant service Nankai, Osaka — in 2010. “The country continues to Fax: (65) 6545 3333 (PACS) for developers, which will allow developers be a priority market for us, and we are looking to ex- PERMISSION AND to seek URA’s advice on development proposals be- tend our footprint, not just in Tokyo but also in oth- REPRINTS fore submitting a formal development application. er key cities,” adds Choe. Material in The Edge Property The service is also targeted at Qualified Persons COLLIERS INTERNATIONAL may not be reproduced in any form without the written (QPs) — registered architects or professional engi- permission of the publisher Pacific Mansion launched for collective sale neers — appointed by developers and property own- with $938 mil reserve price ers, as well as real estate agents and property own- We welcome your comments Pacific Mansion (above) at River Valley was launched ers themselves. and criticism: propertyeditor.sg@ for collective sale on Feb 6 with a reserve price of Through the service, the applicant can consult a bizedge.com $938 million, or $1,728 psf per plot ratio (ppr), ac- director-level representative from URA on conserva-
Pseudonyms are allowed but cording to marketing agent CBRE. tion, urban design and other development control please state your full name, Located along River Valley Close at the heart of guidelines. Proposals that depart from the Master address and contact number for the prestigious River Valley enclave, the freehold re- Plan parameters — in terms of land use, gross plot us to verify. development site measures 128,352 sq ft. Under the ratio and building height, among others — will not 2014 Master Plan, the site is zoned “Residential”, fall within the scope of PACS. with a plot ratio of 2.8. According to URA, the service will be implement- However, the verified existing gross floor area (GFA) ed with immediate effect as a pilot trial for a year. City Towers at Bukit Timah sold in collective is about 493,222 sq ft, or a plot ratio of 3.84, says CBRE. Applications must be made by a QP through URA’s sale for $401.9 mil Taking into account a 10% bonus balcony GFA, the PACS online e-service at the URA website. City Towers (above) on Bukit Timah Road found a buy- maximum allowable GFA is 542,544 sq ft. The buyer Charges for the service range between $2,140 and er on its fourth collective sale attempt. On Feb 7, the will not have to pay development charges as the to- $5,350, depending on the size, location and type 79-unit freehold development was sold for $401.9 mil- tal GFA — including the 10% bonus balcony GFA — of housing — such as landed homes or conserved lion, or $1,847 psf ppr, to a buyer who did not wish to does not exceed the development baseline, says CBRE. buildings. be named, says marketing agent Colliers International. A redevelopment on the prime District 9 site could URA cautions, however, that the advice given via This marks a 13% premium over the owners’ re- offer unblocked views of Orchard, Singapore River the service should not be treated as a formal endorse- serve price of $355 million ($1,633 psf ppr), which and Singapore’s skyline, according to CBRE. ment or approval of a development proposal. includes a development charge of about $3.505 mil- The tender closes on March 16. lion for land use intensification. According to Colliers, HDB launches 4,381 flats in February BTO and the site attracted seven “competitive” bids. Fernwood Towers close to obtaining 80% ROF exercise At $1,847 psf ppr, after factoring in the development consent for collective sale On Feb 6, HDB announced that it was launching 4,381 charge, the land cost of City Towers is higher than Fernwood Towers (below), off East Coast Ave, was flats for sale under the February 2018 Build-to-Order the $1,840 psf ppr achieved by the collective sale of “close to obtaining 80% consent” to launch a collec- (BTO) and Re-Offer of Balance Flats (ROF) exercise. the nearby, freehold Crystal Tower in November 2017. tive sale by tender at a reserve price of $688 million, The 3,664 BTO flats are spread across five projects in City Towers sits on a land plot measuring 104,531 ERA REALTY the non-mature towns of Choa Chu Kang and Woodlands, sq ft. Under the 2014 Master Plan, the site is zoned as well as the mature towns of Geylang and Tampines. “Residential”, with a gross plot ratio of 2.1. This The most popular estates are expected to be Choa means the new project can have a total GFA of about Chu Kang and Geylang because of their proximity to 219,516 sq ft. transport nodes, and with regard to the flats at Choa Chu Subject to authorities’ approval, the site could Kang, “a combination of affordability and convenience”, be redeveloped into a 24-storey residential build- says Eugene Lim, key executive officer at ERA Realty. ing with about 190 units, assuming an average unit According to HDB, with grants, buyers of two- size of 1,098 sq ft. The site is not subject to the pre- room Flexi as well as three-, four- and five-room flats application feasibility study, says Colliers. could pay as little as $4,000, $65,000, $165,000 and The existing development comprises 77 apartments $274,000, respectively. and maisonettes, one penthouse unit and one shop Concurrently, HDB will offer 717 unselected flats from unit. Each owner stands to receive between $2.78 the May 2017 Sale of Balance Flats (SBF) and August million and $11.5 million, depending on the size of 2018 ROF exercise. These are located across 25 towns, their property. — Compiled by Angela Teo E EDGEPROP | FEBRUARY 12, 2018 • EP3 SPOTLIGHT
Amara Holdings opens luxury hotel in Shanghai
AMARA HOLDINGS | BY LIN ZHIQIN | service and state-of-the-art facilities and amenities. There are plans for a series ainboard-listed property de- of events to be hosted at the hotel to velopment and hospitality facilitate interaction and collaboration group Amara Holdings recent- between the hotel guests and the local ly had a soft opening of Am- business community. ara Signature Shanghai. The Beside the hotel is 100 AM Shang- Mhotel is the first under Amara Signature, hai, a 10,500 sq m mixed-use complex the group’s new luxury brand, and the comprising a Grade A office tower and first five-star hotel located on Changshou a retail mall. Chinese co-working space Road in Puxi, the historic centre and com- operator Kr Space has signed a 10-year mercial zone of Shanghai, says Amara. It lease for the entire 4,000 sq m of space is expected to be fully open in 2Q2018. in the office tower. Kr Space is a spin-off Amara Signature Shanghai is located at from Alibaba-backed technology platform the intersection of Changshou Road, one 36Kr and operates 30 co-working spaces of the arteries in Shanghai’s west down- across eight Chinese cities, including Bei- town area, and Jiaozhou Road. The near- jing, Shanghai, Nanjing, Hangzhou and est metro station — Changshou Road sta- Suzhou. The mall is expected to have its tion — is a three-minute walk away and soft opening in 2H2018, according to Am- Shanghai’s two airports, Hongqiao Inter- ara, and will house a cinema as well as a national Airport and Pudong Internation- curated selection of F&B outlets. al Airport, can be reached by car in 30 Shanghai is an ideal location for Am- and 50 minutes, respectively. ara, says Albert Teo, CEO of Amara, as it The hotel comprises a total of 343 is a leading science and technology in- rooms and suites located from the sev- novation centre on the global stage. The enth to 30th floors with floor-to-ceiling Chinese government’s plan to accelerate windows that offer views of the city. the private sector’s growth as a key eco- There are also 1,100 sq m of meeting fa- nomic pillar also “bodes well for the hos- cilities, comprising a grand ballroom and pitality, office and retail sectors”, he adds. 10 multipurpose function rooms. “We are excited to unveil our first lux- With the Amara Signature brand, the ury hotel brand [in Shanghai],” says Teo. group hopes to target a new generation “This is an important milestone as we of travellers by offering a seamless ex- continue to look for opportunities to ex- perience of stylish design, world-class pand outside of Singapore.” E Amara Signature Shanghai is the first hotel under Amara Holdings’ new luxury brand
MARKET WATCH Strong investment sales momentum to continue
Chart 1 Chart 2 COLLIERS INTERNATIONAL SINGAPORE RESEARCH, URA, JTC CORP, HDB COLLIERS INTERNATIONAL SINGAPORE RESEARCH, URA nvestment sales in Singapore grew 55% y-o-y to $40.3 billion in 2017, Investment sales rose 55% y-o-y to Residential investment sales value by type the best year since 2007, according $40.3 bil in 2017 I $ mil % to Colliers International in a Feb 6 re- $ mil % 9,000 100 45,000 250 port on the investment sales market 8,000 Private Total investment sales 80 40,000 200 (see Chart 1). The strong momentum y-o-y change 7,000 Public 35,000 q-o-q change 150 6,000 60 is likely to continue in 2018, it says, 30,000 5,000 25,000 100 40 owing to good economic conditions, 4,000 buoyant investor sentiment, persis- 20,000 50 15,000 3,000 20 tently low real interest rates and the 0 2,000 10,000 0 expected multi-year upcycle in resi- 5,000 -50 1,000 dential sales and office leasing mar- 0 -100 0 -20 4Q2016 1Q2017 2Q2017 3Q2017 4Q2017 kets. “Singapore remains one of the 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 most attractive investment destina- tions in Asia,” it notes. The bulk of the investment sales compared with the 12 sites sold in remained active, with four devel- was sold to Frasers Property at $1,733 attractive” and provides opportu- (54%) in 2017 came from the res- 9M2017 for $3.6 billion (see Chart 2). opments launched for sale and two psf per plot ratio and the Fourth Av- nity for the developer to showcase idential sector, which chalked up Most of the sites were sold at premi- other sites sold in the week of Jan enue site was awarded to Allgreen its product quality and innovation, transactions worth $21.7 billion. ums, with some up to 30% above the 22 to 28 alone, says Lee Nai Jia, Holdings at $1,540 psf ppr. says Lee. The West Coast Vale site Residential investment sales grew asking prices, notes Colliers. head of research at Edmund Tie & The close of tenders for the three also offers opportunity, as there is 119% y-o-y on the back of an ac- Given the spate of successful Co (ET&Co). Some developments GLS sites on Jan 30 suggests that the little competition for the project and tive collective sale market and keen collective sales, Colliers expects the are also reportedly in private nego- “outlook for housing remains promis- more announcements on the devel- bidding for Government Land Sales market to remain active in 2018 as tiations after their tenders closed, ing, and there is some evidence that opment of the Jurong Lake District (GLS) sites as developers sought to more developments, including stra- he adds. subsequent sale prices can be support- are expected, adds Lee. replenish their landbanks. ta-titled commercial and mixed-use The public segment, or GLS sales, ed when the projects are launched”, Investment sales for shophouses According to Colliers, 27 residen- projects, jump on the bandwagon. made up the second-largest slice of says ET&Co’s Lee. hit a new high of $795.1 million in tial collective sales totalling $8.13 “Developers may become more the residential investment sales mar- Listed property giant City Devel- 2017, but this is still lower than the billion were transacted in 2017, the selective,” notes Colliers. It esti- ket at 22%, according to Colliers. In opments clinched two of the three peak of $855.9 million in 2013, ac- best year since 2007 when $11.6 bil- mates that more than 13,000 units 4Q2017, sales in the GLS segment sites — the Handy Road site in prime cording to Colliers. Given the posi- lion was transacted. Collective sales could be built on the sites sold in grew 31.5% q-o-q and fivefold y-o-y District 9 for $212.2 million ($1,722 tive outlook for the residential and accounted for 37% of the residential 2017. However, “reasonably priced to $1.5 billion. The strong perfor- psf ppr) and the West Coast Vale site commercial sectors, shophouses, investment sales in 2017. The resi- sites with strong locational attrib- mance is mainly owing to the Jiak for $472.4 million ($800 psf ppr). which are a hybrid of these two sec- dential collective sale market picked utes would still appeal to develop- Kim Street and Fourth Avenue sites, The Handy Road site, located oppo- tors and are scarce, are expected to up further in 4Q2017 with 15 sites ers”, it adds. which drew 10 and seven bids, re- site Plaza Singapura and the Dhoby remain an attractive asset class for worth $4.5 billion being transacted, The collective sales market has spectively. The Jiak Kim Street site Ghaut MRT station, is “extremely investors, says Colliers. E EP4 • EDGEPROP | FEBRUARY 12, 2018 DONE DEALS More luxury condos sold for above $3,000 psf
THE EDGE SINGAPORE | BY ANGELA TEO | cy Park is now $3,000 psf and above, says de- veloper City Developments. etween Jan 23 and 30, two units at The As prices of other freehold condos such Nassim fetched prices above $3,500 psf, as Ardmore Three and Reignwood Hamil- according to caveats lodged with URA. ton Scotts have also crossed $3,400 psf and The first was a 3,897 sq ft, four-bed- $3,500 psf, respectively, in the past 12 months, room unit on the fourth floor, which $3,000 to $3,500 psf is the new norm for a lux- Bwas sold for $14 million, or $3,593 psf, the ury condo, says PropNex’s Lee. But this is de- highest psf price seen at the project since its pendent on the location and amenities of the launch in 2015. project, he adds. The other unit, a 1,927 sq ft, three-bedroom Tay Kah Poh, executive director and head unit on the third floor, went for $6.78 million, of residential services at Knight Frank, says, or $3,519 psf, the second-highest psf price in “It depends on your definition of luxury, but the development since its launch. on the whole, I [think] $3,000 psf is a reason- Prices at The Nassim so far in 2018 have aver- able cut-off price for luxury condo units now, aged $3,179 psf, compared with $3,068 psf from compared with, say, $2,800 psf in the past.” its launch date until 2017. According to URA ca- Barring any external shocks, Tay expects veat data as at Feb 7, seven caveats have been the rise in luxury condo prices to continue at lodged this year, while 18 caveats were lodged be- about 5% to 6% through 2018, supported by tween its launch and end-2017. This means prices the shrinking inventory of luxury condomin- this year are about $100 psf higher than before. ium units, relatively lower prices compared According to Dominic Lee, head of The Lux- with other global cities such as Hong Kong and ury Team at PropNex Realty, this also means London, and overall cyclical improvement in that $3,100 to $3,200 psf is the new average business conditions. for units at The Nassim. Completed in 2015, According to PropNex’s Lee, $3,100 to $3,200 psf is the new average for units at the Nassim “If Singapore’s economy continues to thrive, the 55-unit luxury freehold condominium is and infrastructure building and re-structuring located at Nassim Hill, near the Nassim Road It is not just The Nassim that has seen this year at an average of $3,114 psf. This is efforts continue, prices for new luxury condos and Cluny Park Good Class Bungalow Areas. higher average psf prices in 2018. Prices at about 13% higher than the $2,753 psf aver- could cross $4,500 psf within the next dec- It sits on the site of the former ANA Hotel, the 174-unit Gramercy Park have also risen age for the 134 units sold between its launch ade,” Tay says. “That is not unthinkable, since which DBS Land (now part of CapitaLand) this year. Based on URA caveat data as at Feb in May last year and end-2017. these numbers were already achieved before bought in 1999. 7, five units at the freehold condos were sold The new asking price for units at Gramer- the Global Financial Crisis.” E
LOCALITIES DISTRICTS LAND AREA/ NETT UNIT FLOOR AREA TRANSACTED PRICE PRICE COMPLETION TYPE OF Singapore — by postal district City & Southwest 1 to 8 PROJECT PROPERTY TYPE TENURE SALE DATE (SQ FT) PRICE ($) ($) ($ PSF) DATE SALE Orchard/Tanglin/Holland 9 and 10 THE CREST Condominium 99 years Jan 29, 2018 1,216 2,185,000 - 1,796 2017 Resale Newton/Bukit Timah/Clementi 11 and 21 THE CREST Condominium 99 years Jan 25, 2018 1,722 3,635,000 - 2,111 2017 Resale Balestier/MacPherson/Geylang 12 to 14 THE CREST Condominium 99 years Jan 25, 2018 1,216 2,125,000 - 1,747 2017 Resale East Coast 15 and 16 District 4 CARIBBEAN AT KEPPEL BAY Condominium 99 years Jan 23, 2018 1,636 2,580,000 - 1,577 2004 Resale Changi/Pasir Ris 17 and 18 MARINA COLLECTION Condominium 99 years Jan 30, 2018 3,412 6,300,000 - 1,846 2011 Resale Serangoon/Thomson 19 and 20 REFLECTIONS AT KEPPEL BAY Condominium 99 years Jan 25, 2018 1,604 2,664,200 - 1,661 2011 Resale West 22 to 24 THE OCEANFRONT @ North 25 to 28 SENTOSA COVE Condominium 99 years Jan 29, 2018 1,711 2,750,000 - 1,607 2010 Resale District 5 BIJOU Apartment Freehold Jan 25, 2018 570 1,060,940 $1,054,988 1,849 Uncompleted New Sale CLEMENTIWOODS CONDOMINIUM Condominium 99 years Jan 24, 2018 1,625 1,750,000 - 1,077 2010 Resale PARC RIVIERA Condominium 99 years Jan 28, 2018 1,152 1,381,800 - 1,200 Uncompleted New Sale PARC RIVIERA Condominium 99 years Jan 23, 2018 1,184 1,430,000 - 1,208 Uncompleted New Sale SEAHILL Condominium 99 years Jan 29, 2018 1,130 1,475,000 - 1,305 2016 Resale THE CLEMENT CANOPY Apartment 99 years Jan 23, 2018 1,109 1,664,000 - 1,501 Uncompleted New Sale THE INFINITI Condominium Freehold Jan 29, 2018 1,302 1,380,000 - 1,060 2008 Resale THE ORIENT Apartment Freehold Jan 24, 2018 721 1,380,000 - 1,914 2017 New Sale THE PARC CONDOMINIUM Condominium Freehold Jan 25, 2018 980 1,290,000 - 1,317 2010 Resale THE TRILINQ Condominium 99 years Jan 23, 2018 1,518 1,774,000 - 1,169 2017 New Sale THE VISION Condominium 99 years Jan 29, 2018 904 1,128,000 - 1,248 2014 Resale WEST BAY CONDOMINIUM Condominium 99 years Jan 25, 2018 904 730,000 - 807 1994 Resale WEST-N Apartment Freehold Jan 26, 2018 1,216 1,528,000 - 1,256 2008 Resale District 7 SOUTHBANK Apartment 99 years Jan 23, 2018 958 1,390,000 - 1,451 2010 Resale SUNSHINE PLAZA Apartment 99 years Jan 24, 2018 1,044 1,250,000 - 1,197 2001 Resale District 8 Residential transactions with contracts dated Jan 23 to 30 CARLYX RESIDENCE Apartment Freehold Jan 23, 2018 1,389 1,485,000 - 1,069 2006 Resale CITYLIGHTS Condominium 99 years Jan 29, 2018 893 1,387,000 - 1,552 2007 Resale FORTE SUITES Apartment Freehold Jan 28, 2018 678 1,322,200 - 1,950 2016 New Sale LAND AREA/ NETT UNIT FLOOR AREA TRANSACTED PRICE PRICE COMPLETION TYPE OF FORTE SUITES Apartment Freehold Jan 26, 2018 678 1,367,400 - 2,016 2016 New Sale PROJECT PROPERTY TYPE TENURE SALE DATE (SQ FT) PRICE ($) ($) ($ PSF) DATE SALE FORTE SUITES Apartment Freehold Jan 25, 2018 678 1,325,600 - 1,955 2016 New Sale District 1 FORTE SUITES Apartment Freehold Jan 25, 2018 678 1,296,890 - 1,912 2016 New Sale MARINA ONE RESIDENCES Apartment 99 years Jan 26, 2018 1,507 3,782,310 - 2,510 2017 New Sale FORTE SUITES Apartment Freehold Jan 23, 2018 678 1,263,716 - 1,864 2016 New Sale ONE SHENTON Apartment 99 years Jan 23, 2018 1,109 1,700,000 - 1,533 2011 Resale STURDEE RESIDENCES Condominium 99 years Jan 26, 2018 1,302 1,984,000 - 1,523 Uncompleted New Sale THE SAIL @ MARINA BAY Apartment 99 years Jan 26, 2018 1,033 2,450,000 - 2,371 2008 Resale TYRWHITT 139 Apartment Freehold Jan 24, 2018 484 681,200 - 1,406 2009 Resale District 2 District 9 SPOTTISWOODE 18 Apartment Freehold Jan 23, 2018 388 850,000 - 2,194 2014 Resale LLOYD SIXTYFIVE Apartment Freehold Jan 26, 2018 1,055 2,500,000 - 2,370 2016 Resale District 3 MARTIN MODERN Condominium 99 years Jan 27, 2018 764 1,971,000 - 2,579 Uncompleted New Sale ARTRA Apartment 99 years Jan 26, 2018 1,227 1,905,900 - 1,553 Uncompleted New Sale MARTIN MODERN Condominium 99 years Jan 26, 2018 883 2,386,660 - 2,704 Uncompleted New Sale ARTRA Apartment 99 years Jan 25, 2018 829 1,607,900 - 1,940 Uncompleted New Sale MARTIN MODERN Condominium 99 years Jan 25, 2018 1,421 3,840,000 - 2,703 Uncompleted New Sale ARTRA Apartment 99 years Jan 25, 2018 1,044 1,902,700 - 1,822 Uncompleted New Sale ONE DEVONSHIRE Condominium Freehold Jan 26, 2018 1,216 3,000,000 - 2,466 2011 Resale ARTRA Apartment 99 years Jan 25, 2018 1,119 1,891,100 - 1,689 Uncompleted New Sale PARC SOPHIA Apartment Freehold Jan 23, 2018 474 878,000 - 1,854 2011 Resale ASCENTIA SKY Condominium 99 years Jan 26, 2018 958 1,580,000 - 1,649 2013 Resale RIVERGATE Apartment Freehold Jan 24, 2018 1,055 2,500,000 - 2,370 2009 Resale ECHELON Condominium 99 years Jan 30, 2018 1,572 2,550,000 - 1,623 2016 Resale SOPHIA HILLS Condominium 99 years Jan 26, 2018 570 1,308,000 - 2,293 Uncompleted New Sale HARVEST MANSIONS Apartment 99 years Jan 26, 2018 947 1,120,000 - 1,182 1996 Resale ST THOMAS SUITES Condominium Freehold Jan 23, 2018 2,013 3,980,000 - 1,977 2010 Resale HIGHLINE RESIDENCES Condominium 99 years Jan 28, 2018 1,152 2,421,000 - 2,102 Uncompleted New Sale THE COSMOPOLITAN Condominium Freehold Jan 29, 2018 1,141 2,550,000 - 2,235 2008 Resale HIGHLINE RESIDENCES Condominium 99 years Jan 28, 2018 1,152 2,289,750 - 1,988 Uncompleted New Sale THE METZ Condominium Freehold Jan 29, 2018 1,066 2,550,000 - 2,393 2007 Resale HIGHLINE RESIDENCES Condominium 99 years Jan 27, 2018 1,292 2,362,500 - 1,829 Uncompleted New Sale District 10 HIGHLINE RESIDENCES Condominium 99 years Jan 26, 2018 1,206 2,145,240 - 1,779 Uncompleted New Sale DUCHESS CREST Condominium 99 years Jan 24, 2018 1,582 1,980,000 - 1,251 1998 Resale HIGHLINE RESIDENCES Condominium 99 years Jan 24, 2018 1,152 2,220,000 - 1,928 Uncompleted New Sale GRAMERCY PARK Condominium Freehold Jan 30, 2018 1,981 6,187,440 - 3,124 2016 Resale HIGHLINE RESIDENCES Condominium 99 years Jan 23, 2018 1,130 2,176,000 - 1,925 Uncompleted New Sale GRAMERCY PARK Condominium Freehold Jan 23, 2018 1,981 6,257,250 - 3,159 2016 Resale LANDMARK TOWER Apartment 99 years Jan 26, 2018 1,292 1,430,000 - 1,107 1985 Resale LEEDON RESIDENCE Condominium Freehold Jan 29, 2018 2,131 4,600,000 - 2,158 2015 Resale QUEENS Condominium 99 years Jan 29, 2018 1,184 1,375,000 - 1,161 2002 Resale LEEDON RESIDENCE Condominium Freehold Jan 25, 2018 4,704 9,200,000 - 1,956 2015 Resale QUEENS Condominium 99 years Jan 23, 2018 1,195 1,390,000 - 1,163 2002 Resale LEIGHWOODS Condominium Freehold Jan 23, 2018 2,217 2,900,000 - 1,308 1985 Resale QUEENS PEAK Condominium 99 years Jan 28, 2018 807 1,479,000 - 1,832 Uncompleted New Sale LOFT @ NATHAN Apartment Freehold Jan 24, 2018 990 1,513,888 - 1,529 2014 Resale QUEENS PEAK Condominium 99 years Jan 26, 2018 850 1,506,000 - 1,771 Uncompleted New Sale LOFT @ STEVENS Apartment Freehold Jan 24, 2018 570 888,888 - 1,558 2013 Resale QUEENS PEAK Condominium 99 years Jan 26, 2018 861 1,506,000 - 1,749 Uncompleted New Sale MILL POINT Apartment 999 years Jan 30, 2018 915 1,500,000 - 1,639 2004 Resale QUEENS PEAK Condominium 99 years Jan 26, 2018 807 1,321,000 - 1,636 Uncompleted New Sale MOUNT SINAI RESIDENCES Detached 999 years Jan 29, 2018 6,254 4,100,000 - 656 2012 Resale QUEENS PEAK Condominium 99 years Jan 25, 2018 861 1,617,000 - 1,878 Uncompleted New Sale SARKIES ROAD Terrace Freehold Jan 25, 2018 3,294 7,600,000 - 2,307 1974 Resale THE CREST Condominium 99 years Jan 29, 2018 1,884 3,433,000 - 1,822 2017 Resale THE NASSIM Condominium Freehold Jan 26, 2018 1,927 6,780,000 - 3,519 2015 Resale EDGEPROP | FEBRUARY 12, 2018 • EP5 DONE DEALS
Residential transactions with contracts dated Jan 23 to 30
LAND AREA/ NETT UNIT LAND AREA/ NETT UNIT FLOOR AREA TRANSACTED PRICE PRICE COMPLETION TYPE OF FLOOR AREA TRANSACTED PRICE PRICE COMPLETION TYPE OF PROJECT PROPERTY TYPE TENURE SALE DATE (SQ FT) PRICE ($) ($) ($ PSF) DATE SALE PROJECT PROPERTY TYPE TENURE SALE DATE (SQ FT) PRICE ($) ($) ($ PSF) DATE SALE THE NASSIM Condominium Freehold Jan 26, 2018 3,391 10,780,000 - 3,179 2015 Resale DOUBLE BAY RESIDENCES Condominium 99 years Jan 29, 2018 2,142 1,720,000 - 803 2012 Resale THE NASSIM Condominium Freehold Jan 25, 2018 3,897 14,000,000 - 3,593 2015 Resale DOUBLE BAY RESIDENCES Condominium 99 years Jan 25, 2018 1,970 1,600,000 - 812 2012 Resale THE SOLITAIRE Condominium Freehold Jan 23, 2018 1,970 2,900,000 - 1,472 2009 Resale PINEVALE EC 99 years Jan 26, 2018 1,281 930,000 - 726 1999 Resale THE TENERIFFE Terrace 99 years Jan 26, 2018 3,122 2,700,000 - 865 2003 Resale PINEVALE EC 99 years Jan 23, 2018 1,389 900,000 - 648 1999 Resale District 11 SEASTRAND Condominium 99 years Jan 23, 2018 883 840,000 - 952 2014 Resale HILLCREST VILLA Terrace 99 years Jan 23, 2018 3,154 2,880,000 - 913 2009 Resale THE ALPS RESIDENCES Condominium 99 years Jan 24, 2018 1,087 1,191,000 - 1,096 Uncompleted New Sale LINCOLN SUITES Condominium Freehold Jan 23, 2018 1,098 2,400,000 - 2,186 2014 Resale THE ALPS RESIDENCES Condominium 99 years Jan 24, 2018 1,087 1,186,000 - 1,091 Uncompleted New Sale MINBU COURT Apartment Freehold Jan 30, 2018 1,270 1,500,000 - 1,181 1986 Resale THE ALPS RESIDENCES Condominium 99 years Jan 24, 2018 1,087 1,157,380 - 1,065 Uncompleted New Sale SOLEIL @ SINARAN Condominium 99 years Jan 23, 2018 1,722 2,860,000 - 1,661 2011 Resale THE EDEN AT TAMPINES EC 99 years Jan 24, 2018 1,356 1,100,000 - 811 2003 Resale STRATA Apartment Freehold Jan 24, 2018 1,292 1,740,000 - 1,347 2006 Resale District 19 THOMSON 800 Condominium Freehold Jan 25, 2018 1,625 2,300,000 - 1,415 1999 Resale FOREST WOODS Condominium 99 years Jan 25, 2018 915 1,392,000 - 1,521 Uncompleted New Sale District 12 GILLENIA Apartment 999 years Jan 24, 2018 1,152 1,050,800 - 912 2009 Resale CITY SUITES Apartment Freehold Jan 24, 2018 463 860,000 - 1,858 2017 New Sale KOVAN MELODY Condominium 99 years Jan 29, 2018 1,302 1,488,000 - 1,142 2006 Resale GEM RESIDENCES Condominium 99 years Jan 28, 2018 1,055 1,638,000 - 1,553 Uncompleted New Sale KOVAN MELODY Condominium 99 years Jan 25, 2018 1,292 1,430,000 - 1,107 2006 Resale GEM RESIDENCES Condominium 99 years Jan 27, 2018 1,249 1,726,000 - 1,382 Uncompleted New Sale KOVAN RESIDENCES Condominium 99 years Jan 25, 2018 1,442 1,600,000 - 1,109 2011 Resale GEM RESIDENCES Condominium 99 years Jan 26, 2018 1,249 1,924,000 - 1,541 Uncompleted New Sale OASIS GARDEN Condominium Freehold Jan 30, 2018 1,033 1,125,000 - 1,089 2009 Resale GEM RESIDENCES Condominium 99 years Jan 26, 2018 936 1,220,000 - 1,303 Uncompleted New Sale PARRY PARK Terrace 999 years Jan 29, 2018 1,690 2,190,000 - 1,300 1991 Resale GEM RESIDENCES Condominium 99 years Jan 25, 2018 678 1,035,000 - 1,526 Uncompleted New Sale POH HUAT ROAD Terrace 999 years Jan 26, 2018 2,799 2,380,000 - 849 Unknown Resale GEM RESIDENCES Condominium 99 years Jan 24, 2018 1,055 1,561,000 - 1,480 Uncompleted New Sale PRIMO RESIDENCES Apartment Freehold Jan 26, 2018 538 630,000 - 1,171 2012 Resale GEM RESIDENCES Condominium 99 years Jan 24, 2018 1,249 1,839,000 - 1,473 Uncompleted New Sale RIVER ISLES Condominium 99 years Jan 29, 2018 753 796,000 - 1,056 2015 Resale GEM RESIDENCES Condominium 99 years Jan 23, 2018 1,249 1,836,000 - 1,470 Uncompleted New Sale RIVERSAILS Condominium 99 years Jan 25, 2018 1,066 1,200,000 - 1,126 2016 Resale GEM RESIDENCES Condominium 99 years Jan 23, 2018 1,055 1,471,000 - 1,394 Uncompleted New Sale RIVERSAILS Condominium 99 years Jan 24, 2018 915 913,000 - 998 2016 Resale KALLANG RIVERSIDE Apartment Freehold Jan 24, 2018 517 1,291,000 - 2,499 Uncompleted New Sale RIVERSAILS Condominium 99 years Jan 24, 2018 2,476 1,909,880 - 771 2016 Resale KALLANG RIVERSIDE Apartment Freehold Jan 24, 2018 517 1,283,090 - 2,483 Uncompleted New Sale RIVERVALE CREST Apartment 99 years Jan 26, 2018 1,206 808,888 - 671 2002 Resale NEEM TREE Apartment Freehold Jan 25, 2018 624 976,913 - 1,565 Uncompleted New Sale SERANGOON GARDEN ESTATE Semi-Detached 999 years Jan 24, 2018 4,650 4,228,000 - 909 Unknown Resale REGENT RESIDENCES Apartment Freehold Jan 25, 2018 409 670,000 - 1,638 2015 Resale SIRAT ROAD Terrace Freehold Jan 24, 2018 1,625 2,168,000 - 1,330 1990 Resale THE INTERWEAVE Apartment Freehold Jan 24, 2018 689 913,000 - 1,325 2014 Resale SOVEREIGN @ SIMON Terrace 999 years Jan 25, 2018 2,196 1,818,000 - 828 2009 Resale TRELLIS TOWERS Condominium Freehold Jan 26, 2018 1,141 1,450,000 - 1,271 2000 Resale STADIA Apartment Freehold Jan 23, 2018 570 670,000 - 1,174 2010 Resale District 13 THE AMORE EC 99 years Jan 25, 2018 1,582 1,318,000 - 833 2016 Resale BARTLEY RIDGE Condominium 99 years Jan 23, 2018 969 1,300,000 - 1,342 2016 Resale THE FLORIDA EC 99 years Jan 30, 2018 1,227 840,000 - 685 2000 Resale JALAN MELOR Terrace Freehold Jan 29, 2018 2,400 2,300,000 - 960 1962 Resale THE MORRIS RESIDENCES Terrace Freehold Jan 23, 2018 4,037 2,750,000 - 681 2016 Resale District 14 District 20 ASTORIA PARK Condominium 99 years Jan 26, 2018 1,173 1,020,000 - 869 1995 Resale HORIZON GARDENS Terrace 99 years Jan 29, 2018 2,992 1,780,000 - 595 2002 Resale ASTORIA PARK Condominium 99 years Jan 25, 2018 1,195 1,090,000 - 912 1995 Resale SEASONS VIEW Condominium 99 years Jan 23, 2018 1,141 1,230,000 - 1,078 2000 Resale CASSIA VIEW Apartment Freehold Jan 24, 2018 1,152 1,255,000 - 1,090 1998 Resale SEMBAWANG HILLS ESTATE Terrace Freehold Jan 23, 2018 1,496 1,828,000 - 1,218 Unknown Resale CENTRAL GROVE Condominium 99 years Jan 25, 2018 1,173 1,260,000 - 1,074 2001 Resale SKY HABITAT Condominium 99 years Jan 29, 2018 893 1,300,000 - 1,455 2015 Resale DAKOTA RESIDENCES Condominium 99 years Jan 23, 2018 1,313 1,760,000 - 1,340 2010 Resale SKY HABITAT Condominium 99 years Jan 23, 2018 1,259 1,960,300 - 1,557 2015 Resale EUHABITAT Condominium 99 years Jan 25, 2018 527 688,000 - 1,304 2015 Resale WINDSOR PARK ESTATE Terrace Freehold Jan 25, 2018 1,830 2,770,000 - 1,518 1996 Resale EUHABITAT Condominium 99 years Jan 24, 2018 527 675,000 - 1,280 2015 Resale District 21 PARK 1 SUITES Apartment Freehold Jan 24, 2018 603 950,000 - 1,576 2017 New Sale BUKIT REGENCY Condominium Freehold Jan 23, 2018 1,528 1,500,000 - 981 1995 Resale REZI 35 Apartment Freehold Jan 28, 2018 797 1,287,000 - 1,616 Uncompleted New Sale CLEMENTI PARK Semi-Detached Freehold Jan 24, 2018 4,219 6,500,000 - 1,541 Unknown Resale THE NAVIAN Apartment Freehold Jan 28, 2018 904 1,424,000 - 1,575 Uncompleted New Sale ENG KONG PARK Terrace Freehold Jan 23, 2018 1,765 2,610,000 - 1,480 Unknown Resale THE NAVIAN Apartment Freehold Jan 25, 2018 646 1,067,000 - 1,652 Uncompleted New Sale FREESIA WOODS Condominium Freehold Jan 29, 2018 2,110 1,800,000 - 853 2003 Resale THE NAVIAN Apartment Freehold Jan 25, 2018 667 1,045,000 - 1,566 Uncompleted New Sale HIGH OAK CONDOMINIUM Condominium 99 years Jan 24, 2018 1,173 1,068,000 - 910 1999 Resale THE NAVIAN Apartment Freehold Jan 25, 2018 657 1,016,000 - 1,547 Uncompleted New Sale MANDARIN PARK Terrace Freehold Jan 30, 2018 1,991 2,860,000 - 1,435 1972 Resale THE WATER EDGE Apartment Freehold Jan 24, 2018 850 828,000 - 974 2013 Resale MAPLE WOODS Condominium Freehold Jan 26, 2018 2,702 3,938,000 - 1,458 1997 Resale TRE RESIDENCES Condominium 99 years Jan 28, 2018 947 1,291,330 - 1,363 Uncompleted New Sale SHERWOOD CONDOMINIUM Condominium Freehold Jan 29, 2018 883 900,000 - 1,020 1998 Resale TRE RESIDENCES Condominium 99 years Jan 28, 2018 947 1,288,000 - 1,360 Uncompleted New Sale SUMMERHILL Condominium Freehold Jan 25, 2018 1,604 1,770,000 - 1,104 2002 Resale TRE RESIDENCES Condominium 99 years Jan 27, 2018 947 1,280,000 - 1,351 Uncompleted New Sale THE HILLSIDE Condominium Freehold Jan 25, 2018 1,776 1,800,000 - 1,013 2001 Resale VACANZA @ EAST Condominium Freehold Jan 30, 2018 1,023 1,150,000 - 1,125 2014 Resale District 22 WATERBANK AT DAKOTA Condominium 99 years Jan 23, 2018 1,184 1,830,000 - 1,546 2013 Resale CASPIAN Condominium 99 years Jan 29, 2018 1,399 1,460,000 - 1,043 2012 Resale District 15 CASPIAN Condominium 99 years Jan 26, 2018 1,001 1,040,000 - 1,039 2012 Resale AMBER SKYE Apartment Freehold Jan 29, 2018 1,119 2,326,570 - 2,078 2017 Resale THE LAKEFRONT RESIDENCES Condominium 99 years Jan 26, 2018 1,399 1,660,000 - 1,186 2014 Resale BROADRICK ROAD Detached Freehold Jan 30, 2018 5,899 10,920,000 - 1,852 2008 Resale WESTVILLE Terrace 99 years Jan 29, 2018 1,636 1,360,000 - 831 1998 Resale CASERO @ DUNMAN Apartment Freehold Jan 29, 2018 850 890,000 - 1,047 2008 Resale WESTWOOD RESIDENCES EC 99 years Jan 23, 2018 947 717,255 - 757 2017 New Sale COTE D’AZUR Condominium 99 years Jan 26, 2018 840 1,100,000 - 1,310 2004 Resale District 23 CRANE COURT Apartment Freehold Jan 26, 2018 969 1,100,000 - 1,135 2004 Resale CHANTILLY RISE Condominium Freehold Jan 26, 2018 1,442 1,450,000 - 1,005 1998 Resale FRANKEL ESTATE Detached Freehold Jan 30, 2018 5,996 9,500,000 - 1,585 1990 Resale HILLSTA Condominium 99 years Jan 26, 2018 635 740,000 - 1,165 2016 Resale FRANKEL ESTATE Detached Freehold Jan 24, 2018 8,407 11,000,000 - 1,308 2001 Resale HILLTOP GROVE Condominium 99 years Jan 26, 2018 1,012 820,000 - 810 2001 Resale INOVA 100 Apartment Freehold Jan 25, 2018 947 1,025,000 - 1,082 2008 Resale LE QUEST Apartment 99 years Jan 25, 2018 818 1,023,000 - 1,251 Uncompleted New Sale JOO CHIAT ROAD Apartment Freehold Jan 29, 2018 1,098 1,030,000 - 938 1979 Resale MERAWOODS Condominium 999 years Jan 26, 2018 1,346 1,305,000 - 970 1999 Resale LA MEYER Condominium Freehold Jan 26, 2018 1,421 1,970,000 - 1,386 1994 Resale PALM GARDENS Condominium 99 years Jan 23, 2018 1,216 880,000 - 723 2000 Resale MANDARIN GARDENS Condominium 99 years Jan 23, 2018 829 948,000 - 1,144 1986 Resale PARKVIEW APARTMENTS Apartment 99 years Jan 29, 2018 1,130 845,000 - 748 1998 Resale ONE AMBER Condominium Freehold Jan 29, 2018 1,658 2,680,000 - 1,617 2010 Resale PHOENIX HEIGHTS Apartment 99 years Jan 25, 2018 1,335 750,000 - 562 1980 Resale ONE EIGHTIES RESIDENCES Apartment Freehold Jan 30, 2018 1,023 1,432,200 - 1,401 2015 Resale SOL ACRES EC 99 years Jan 27, 2018 1,001 815,000 - 814 Uncompleted New Sale PARC ELEGANCE Apartment Freehold Jan 26, 2018 452 595,000 - 1,316 2013 Resale THE QUINTET EC 99 years Jan 29, 2018 1,259 900,800 - 715 2006 Resale POSHGROVE EAST Condominium Freehold Jan 26, 2018 2,174 2,680,000 - 1,233 2008 Resale THE QUINTET EC 99 years Jan 25, 2018 1,259 910,000 - 723 2006 Resale SANDY EIGHT Apartment Freehold Jan 25, 2018 506 898,700 - 1,776 Uncompleted New Sale District 25 SEASIDE RESIDENCES Apartment 99 years Jan 28, 2018 1,087 1,869,000 - 1,719 Uncompleted New Sale LA CASA EC 99 years Jan 29, 2018 1,259 890,000 - 707 2008 Resale SEASIDE RESIDENCES Apartment 99 years Jan 28, 2018 592 979,000 - 1,654 Uncompleted New Sale NORTHWAVE EC 99 years Jan 25, 2018 1,098 817,950 - 745 Uncompleted New Sale SEASIDE RESIDENCES Apartment 99 years Jan 27, 2018 506 968,000 - 1,913 Uncompleted New Sale WOODSVALE EC 99 years Jan 24, 2018 1,281 825,000 - 644 2000 Resale SEASIDE RESIDENCES Apartment 99 years Jan 27, 2018 1,023 1,652,000 - 1,616 Uncompleted New Sale WOODSVALE EC 99 years Jan 24, 2018 1,313 790,000 - 602 2000 Resale SEASIDE RESIDENCES Apartment 99 years Jan 26, 2018 592 1,144,000 - 1,932 Uncompleted New Sale District 26 SEASIDE RESIDENCES Apartment 99 years Jan 25, 2018 592 993,000 - 1,677 Uncompleted New Sale FOREST HILLS CONDOMINIUM Condominium 99 years Jan 24, 2018 1,195 930,000 - 778 2003 Resale SIGNATURE CREST Apartment Freehold Jan 24, 2018 883 970,000 - 1,099 2006 Resale FUDU PARK Semi-Detached Freehold Jan 30, 2018 3,444 3,550,000 - 1,031 1990 Resale SILVERSEA Condominium 99 years Jan 29, 2018 1,496 2,700,000 - 1,805 2014 Resale LENTOR VILLAS Terrace Freehold Jan 25, 2018 2,271 2,380,000 - 1,048 1997 Resale ST PATRICK’S RESIDENCES Apartment Freehold Jan 25, 2018 2,260 3,108,000 - 1,375 2013 Resale MEADOWS @ PEIRCE Condominium Freehold Jan 23, 2018 2,077 2,195,000 - 1,057 2012 Resale STILLZ RESIDENCE Apartment Freehold Jan 24, 2018 829 960,000 - 1,158 2011 Resale THE BROOKS I & II Apartment Freehold Jan 26, 2018 1,152 1,264,643 - 1,098 2016 New Sale SUNNYVALE RESIDENCES Apartment Freehold Jan 30, 2018 1,130 1,806,000 - 1,598 2017 Resale THE COUNTRYSIDE Terrace Freehold Jan 24, 2018 1,819 2,500,000 - 1,376 1996 Resale THE AMBROSIA Apartment Freehold Jan 26, 2018 2,164 2,220,000 - 1,026 2010 Resale District 27 THE SEA VIEW Condominium Freehold Jan 30, 2018 1,647 3,200,000 - 1,943 2008 Resale CANBERRA RESIDENCES Condominium 99 years Jan 25, 2018 614 660,000 - 1,076 2013 Resale THE WATERSIDE Condominium Freehold Jan 29, 2018 2,411 4,070,000 - 1,688 1992 Resale EUPHONY GARDENS Condominium 99 years Jan 26, 2018 1,894 1,180,000 - 623 2001 Resale VERSILIA ON HAIG Condominium Freehold Jan 25, 2018 1,023 1,390,000 - 1,359 2010 Resale EUPHONY GARDENS Condominium 99 years Jan 23, 2018 1,141 780,000 - 684 2001 Resale VILLA MARINA Condominium 99 years Jan 26, 2018 1,130 1,090,000 - 964 1999 Resale ORCHID PARK CONDOMINIUM Condominium 99 years Jan 29, 2018 958 710,000 - 741 1994 Resale District 16 PARC LIFE EC 99 years Jan 27, 2018 1,001 791,000 - 790 Uncompleted New Sale AQUARIUS BY THE PARK Condominium 99 years Jan 26, 2018 1,227 1,030,000 - 839 2000 Resale PARC LIFE EC 99 years Jan 26, 2018 947 755,000 - 797 Uncompleted New Sale AQUARIUS BY THE PARK Condominium 99 years Jan 24, 2018 1,324 1,120,000 - 846 2000 Resale PARC LIFE EC 99 years Jan 25, 2018 1,066 865,000 - 812 Uncompleted New Sale BAYSHORE PARK Condominium 99 years Jan 26, 2018 2,325 2,050,000 - 882 1986 Resale PARC LIFE EC 99 years Jan 24, 2018 1,066 911,000 - 855 Uncompleted New Sale BAYSHORE PARK Condominium 99 years Jan 24, 2018 1,292 1,300,000 - 1,006 1986 Resale PARC LIFE EC 99 years Jan 24, 2018 1,066 898,000 - 843 Uncompleted New Sale BAYSHORE PARK Condominium 99 years Jan 24, 2018 936 830,000 - 886 1986 Resale PARC LIFE EC 99 years Jan 24, 2018 1,066 894,000 - 839 Uncompleted New Sale BEDOK RESIDENCES Apartment 99 years Jan 23, 2018 657 1,070,000 - 1,630 2015 Resale PARC LIFE EC 99 years Jan 23, 2018 1,001 839,000 - 838 Uncompleted New Sale CASA MERAH Apartment 99 years Jan 30, 2018 1,216 1,315,000 - 1,081 2009 Resale SEMBAWANG PARK Semi-Detached Freehold Jan 29, 2018 3,541 3,880,000 - 1,095 1967 Resale CASA MERAH Apartment 99 years Jan 26, 2018 1,249 1,320,000 - 1,057 2009 Resale SIGNATURE AT YISHUN EC 99 years Jan 24, 2018 1,098 816,000 - 743 2017 New Sale CHANGI COURT Condominium Freehold Jan 30, 2018 1,163 1,185,000 - 1,019 1997 Resale SYMPHONY SUITES Condominium 99 years Jan 27, 2018 915 1,057,000 - 1,155 Uncompleted New Sale COSTA DEL SOL Condominium 99 years Jan 24, 2018 1,346 1,660,000 - 1,234 2003 Resale SYMPHONY SUITES Condominium 99 years Jan 26, 2018 1,023 1,103,000 - 1,079 Uncompleted New Sale FAIRMOUNT CONDOMINIUM Condominium 99 years Jan 30, 2018 1,227 1,050,000 - 856 2000 Resale SYMPHONY SUITES Condominium 99 years Jan 26, 2018 1,023 1,082,000 - 1,058 Uncompleted New Sale GRANDEUR PARK RESIDENCES Condominium 99 years Jan 28, 2018 969 1,439,000 - 1,485 Uncompleted New Sale THE BROWNSTONE EC 99 years Jan 24, 2018 915 760,800 - 832 2017 New Sale GRANDEUR PARK RESIDENCES Condominium 99 years Jan 27, 2018 667 1,102,000 - 1,651 Uncompleted New Sale THE CRITERION EC 99 years Jan 27, 2018 893 704,800 - 789 Uncompleted New Sale GRANDEUR PARK RESIDENCES Condominium 99 years Jan 25, 2018 667 996,000 - 1,492 Uncompleted New Sale THE CRITERION EC 99 years Jan 24, 2018 1,098 860,000 - 783 Uncompleted New Sale MISTRAL PARK Terrace Freehold Jan 26, 2018 2,045 2,600,000 - 1,269 1994 Resale District 28 TANAMERA CREST Condominium 99 years Jan 29, 2018 1,647 1,340,000 - 814 2004 Resale PARC BOTANNIA Condominium 99 years Jan 28, 2018 667 882,000 - 1,322 Uncompleted New Sale THE BAYSHORE Condominium 99 years Jan 26, 2018 1,184 1,080,000 - 912 1997 Resale PARC BOTANNIA Condominium 99 years Jan 28, 2018 506 640,000 - 1,265 Uncompleted New Sale THE BAYSHORE Condominium 99 years Jan 26, 2018 980 890,000 - 909 1996 Resale PARC BOTANNIA Condominium 99 years Jan 24, 2018 1,152 1,399,000 - 1,215 Uncompleted New Sale District 17 PARC BOTANNIA Condominium 99 years Jan 23, 2018 667 830,000 - 1,244 Uncompleted New Sale AVILA TERRACE Terrace Freehold Jan 25, 2018 1,755 2,300,000 - 1,309 1994 Resale SELETAR HILLS ESTATE Terrace 999 years Jan 23, 2018 2,164 2,050,000 - 949 Unknown Resale CARISSA PARK CONDOMINIUM Condominium Freehold Jan 25, 2018 1,302 1,048,000 - 805 2001 Resale SELETAR SPRINGS DAHLIA PARK CONDOMINIUM Condominium Freehold Jan 25, 2018 1,507 1,100,000 - 730 2003 Resale CONDOMINIUM Condominium 99 years Jan 24, 2018 2,067 1,450,000 - 702 2000 Resale DAHLIA PARK CONDOMINIUM Condominium Freehold Jan 23, 2018 1,281 1,080,000 - 843 2003 Resale THE TOPIARY EC 99 years Jan 29, 2018 904 803,000 - 888 2016 Resale LOYANG VILLAS Terrace 99 years Jan 23, 2018 2,153 1,530,000 - 711 1996 Resale DISCLAIMER: THE INFLORA Condominium 99 years Jan 29, 2018 818 720,000 - 880 2016 Resale Source: URA Realis. Updated Feb 6, 2018. The Edge Property Pte Ltd shall not be responsible for any loss or liability arising directly or indirectly from the use of, District 18 or reliance on, the information provided therein. CHANGI RISE CONDOMINIUM Condominium 99 years Jan 29, 2018 1,830 1,360,000 - 743 2004 Resale EC stands for executive condominium EP6 • EDGEPROP | FEBRUARY 12, 2018 COVER STORY
TEAK HWA REAL ESTATE
The Vista Park site was purchased in December for $418 million ($1,096 psf per plot ratio)
Oxley: All about timing
With eight to 10 Singapore projects slated for launch this year and overseas projects being completed as well as brought to market, the property group is turning around sites at record speed
SAMUEL ISAAC CHUA/THE EDGE SINGAPORE | BY CECILIA CHOW & LIN ZHIQIN | pel Land and Wing Tai with a bid of $446.28 cation Feasibility Study (PAFS) on the traf- million ($964.8 psf ppr). fic impact in an area, particularly for pro- ast year, Oxley Holdings’ outsized appe- Oxley won the tender for Mayfair Gardens posed redevelopments of collective sale sites tite for development sites in Singapore off Dunearn Road and Bukit Timah Road with with significantly more units than the exist- led to a $2 billion buying spree, includ- a bid of $311 million ($1,244 psf ppr) on Nov ing ones. This requirement came into effect ing en bloc sites purchased jointly with 19. Meanwhile, Allgreen Properties snapped on Nov 13. partners. The transaction value is equiv- up three sites in the Bukit Timah area in ear- Due to the increase in the number of PAFS Lalent to Oxley’s market capitalisation of $2.08 ly December at higher psf ppr prices: two en applications last year as a result of the surge billion at the close of trading on Feb 7, and bloc sites, Royalville and Crystal Tower, for in collective sale deals, some developers are about 23% of the $8.7 billion worth of en bloc $477.94 million ($1,960 psf ppr) and $180.65 still waiting for approval from the Land Trans- deals for the whole of 2017. million ($1,840 psf ppr) respectively, as well port Authority (LTA) and URA. As at end-December, Oxley’s landbank of as the Fourth Avenue site in a GLS programme Oxley, however, announced on Nov 17 that nine sites amounted to 3,800 units with a gross for $533 million ($1,540 psf ppr). it had already received in-principle approval development value (GDV) estimated at $5 bil- from LTA for the redevelopment of the two big- lion. Contrary to market opinion, Eric Low, dep- Banking on quick turnaround time gest en bloc sites in its portfolio — Rio Casa, uty CEO of Oxley Holdings, says, “We’re actu- Oxley is turning around the sites just as quick- and Serangoon Ville, which will be redevel- ally very selective in buying our sites. Based ly as it is buying them. The developer intends oped into condos comprising 1,472 and 1,052 on what was available on the market, we have to launch between eight and 10 projects this units, respectively. picked the best in terms of price and location.” year — at an unprecedented rate of one new Low: We understand cash flow very well. We do In addition to the PAFS, another key re- In the event that the Singapore residential launch every other month from March. not take unnecessary risks that will jeopardise the quirement to being launch-ready is obtain- market rebound is less spectacular than predict- The first project slated for launch is Veran- group’s standing in the investment community ing a Temporary Occupation Licence for state ed, Oxley is confident that its projects will still dah Residences at 231 Pasir Panjang Road. Ox- land in the vicinity of the new development sell well, given its purchase prices, which are at ley had purchased the former Lotus @ Pasir was purchased in December for $418 million to build the sales gallery and show flats. Ox- a “10% to 15% price advantage”, Low reckons. Panjang last June for $121 million. The pro- ($1,096 psf ppr). “These sites are more man- ley has already secured a TOL for a site near He points to Oxley’s purchase of Rio Casa on posed 150-unit Verandah Residences condomin- ageable, so Oxley is developing them our- Rio Casa, and is close to getting one for a site Hougang Avenue 7 for $575 million ($669 psf ium sits on a freehold site of 89,620 sq ft and selves,” says Low. “For bigger sites such as Rio near Serangoon Ville. per plot ratio) at end-May last year as part of a has a gross floor area (GFA) of 125,468 sq ft. Casa and Serangoon Ville, we do it as part of consortium. As a comparison, last October, Lo- Verandah Residences’ launch is likely to a consortium of partners to spread our risk.” Shoebox developer no more gan Property bagged Florence Regency at Hou- be followed by that of the redevelopment of While the redevelopment of Mayfair Gar- Oxley is shaking off its reputation as a devel- gang Avenue 2 for $629 million ($842 psf ppr). Rio Casa and Serangoon Ville, both slated for dens is likely to be launched in phases in oper of shoebox units. “During the 2010 to Likewise, Oxley and its partners purchased 1H2018. Incidentally, Oxley has a 35% stake 1H2018 and 2H2018, Vista Park is slated for 2012 period, we managed 25 projects and we Serangoon Ville on Serangoon North Avenue in Rio Casa, which has a GDV of $1.44 billion launch in 2H2018. built and successfully sold thousands of shoe- 1 for $499 million ($835 psf ppr) on July 26. and a 40% stake in Serangoon Ville, which box units even when others doubted their vi- The following day the tender for the Serangoon has a GDV of $1.35 billion. Bounding over regulatory hurdles ability,” recounts Low. North Avenue 1 Government Land Sales (GLS) Meanwhile, Mayfair Gardens and Vista Park Putting a damper on developers’ appetite for Nowadays, Oxley is developing “family-sized site nearby closed. The site was won by Kep- were purchased wholly by Oxley. Vista Park huge collective sale sites was the Pre-Appli- units”, says Low. “The market has changed.” EDGEPROP | FEBRUARY 12, 2018 • EP7 COVER STORY
KNIGHT FRANK PICTURES: ALBERT CHUA/THE EDGE SINGAPORE Oxley’s Stevens Road development, which comprises two hotel towers anchored by the Accor Group — the 254-room Novotel (pictured) and 518-room Mercure — as well as 10 F&B outlets and Oxley’s sales gallery
Oxley purchased Rio Casa on Hougang Avenue 7 for $575 million ($669 psf ppr) at end-May last year as part of a consortium
What’s more, URA also introduced guidelines such as a minimum unit size of 40 sq m, and an average size of 70 sq m for mass-market de- velopments towards the end of 2012. Low predicts that the suburbs and ma- ture residential estates in the city-fringe and prime neighbourhoods will be sought after. “The projects in our portfolio sit comfortably in the mass-market segment because we feel that this year, demand will come from a com- bination of home upgraders and investors,” he says. While the indication is that the high end of the residential market is recovering, Low deems it to be “more speculative”.
Overseas projects being completed this year According to Low, Oxley’s acquisitions are se- cured by bank loans and this year, many of its overseas projects are being completed, which More than 1,000 units at Royal Wharf, Oxley’s township development in the UK, were handed over to owners The Bridge, a mixed-use development in the CBD means it will be able to recognise sales and last year, with another 1,000 units to be delivered by end-2018 of Phnom Penh, is targeted for completion soon replenish its coffers. Royal Wharf in east London, the group’s all these sites [in Singapore]. We understand In Ireland, Oxley has a mixed-use devel- of $750 million, with recurring income project- maiden development in the UK, is its larg- cash flow very well. We do not take unneces- opment called Dublin Landings on a 2.35ha ed to be $41 million a year. est development project so far, with a GDV of sary risks that will jeopardise the group’s stand- site at Dublin’s financial and technology dis- $2.97 billion. The 3.9 million sq ft waterfront ing in the investment community.” trict in the CBD. Oxley has secured a 300- Overseas projects for launch township development will have 3,385 residen- year lease on the site, which will have more Apart from the eight to 10 projects in Singa- tial units upon completion. About 90% of the Recurring income from than a million sq ft of offices apartments, pore, Oxley has a pipeline of overseas projects units at Royal Wharf have been sold. investment properties and shops. as well. In Cambodia, besides The Bridge, More than 1,000 units at Royal Wharf were Oxley is also beefing up its investment port- The five office buildings at Dublin Land- the developer has a project called The Peak. handed over to homeowners last year, with the folio for recurring income. In Singapore, its ings will have a GFA of close to 700,000 sq ft The mixed-use development comprises strata developer raking in £500 million ($916.4 mil- biggest investment property is the former The with a GDV of $970 million. When complet- Grade-A office units, a mall, residences and a lion) in proceeds. Another 400 units will be Pines Country Club site at 28 Stevens Road. ed in 2020, the buildings are expected to yield Shangri-La hotel. It is targeted for completion handed over by June, with a target of 1,000 The site was purchased on a 103-year lease recurring income of about $40 million a year. by end-2019. So far, all the 250 strata office units by end-2018. This will mean it can book in 2013 for $318 million. It has since been The first office tower at Dublin Landings has units have been sold, while 50% of the resi- in the proceeds from these units. redeveloped into two hotel towers anchored been completed, with the National Treasury dential units have been taken up. In Cambodia, Oxley’s maiden develop- by Accor Group — the 254-room Novotel and Management Agency as the anchor tenant and Oxley will be launching its third project in ment in the capital of Phnom Penh is The 518-room Mercure. taking up 13,300 sq m (143,161 sq ft). Phnom Penh, The Palms, a luxury residential Bridge, which is slated for completion soon. Since the soft opening of the two hotels on Oxley is just as active overseas as it is in development at the Mekong Riverside, as well as The mixed-use development comprises 2,352 Dec 8, their occupancy rates have been hover- Singapore. “As a company, we have to demon- the remaining units at The Bridge and The Peak. units of residences, SOHOs (small office/home ing around 95%, says Low. The average room strate profit stability,” says Low. “Even though In Kuala Lumpur City Centre, Oxley has a office), F&B outlets and strata shops in twin rate is between $185 and $188 a night. For now, the Singapore market was soft for the last three mixed-use development that will be anchored 45-storey towers. About 95% of the units have about 300 rooms at Mercure are in operation, to four years, as a result of diversification, we by two five-star hotels — Jumeirah and So Sofi- been sold so far. In fact, more than 300 stra- with the remaining rooms on the top three lev- still had profits from overseas projects.” tel. The development will also contain offices ta office units were sold last year. The Bridge els to be opened progressively. Its aggressive shopping spree last year created and retail and residential units. The project is has a GDV of $564.6 million and Oxley holds “With four-star hotels such as Novotel and a buzz. The most notable transactions were its slated for launch in March or April this year. a 50% stake in the project. Mercure, we are able to secure a good mix of pre-Christmas acquisition of more than $1 billion Meanwhile, in Limassol, Cyprus, Oxley has Upon completion of The Bridge, the devel- corporate clients and leisure travellers,” says worth of property over two consecutive days on purchased a prime beachfront site. It intends to oper will be able to hand over the strata units Low. “We have the Emirates cabin crew stay- Dec 13 and 14, when it bought Chevron House build a low-rise residential development with to the respective owners, who will pay the re- ing with us.” for $660 million and Vista Park for $418 million. a five-star hotel. The project is scheduled for maining 50% on their purchase price. The 10 F&B “pods” have been taken up by Oxley has already embarked on plans for launch in the middle of this year. It all boils down to timing, says Low. “Had F&B outlets such as Blue Lotus Chinese Grill asset enhancement work at Chevron House, In the UK, Oxley is planning to launch its the London and Cambodia projects been com- House, Long Beach Seafood, In Piazza Italian which was built in 1993 and comprises a 32-sto- second project, Deanston Wharf, located next pleted one year later and the Singapore prop- Restaurant and Pizzeria, and PappaRich, which rey tower with 27 floors of office space and a to Royal Wharf. The developer has planning erty market turnaround happened a year ear- serves popular Malaysian fare. The commer- five-storey retail podium. The building sits on a approval for 762 residential units on the site lier, I don’t think we would have been able to cial units are expected to yield an annual in- 29,901 sq ft plot with a 99-year lease from 1989 and hopes to launch the project in 3Q2018. enjoy this one-year window period,” he con- come of $2.1 million and have an indicative and has an existing net lettable area of 261,275 Oxley has already opened its international tinues. “The Singapore market turnaround valuation of $94 million. sq ft. However, Chevron House has 15,000 sq sales gallery on Stevens Road. It will be able [dovetailed] with the completion of our over- The entire development on Stevens Road ft of excess GFA that can be built up, says Low. to target the affluent residents who live in the seas projects and income recognition. The tim- was valued at $980 million as at end-Decem- “We believe the yield can be enhanced after the vicinity, given the prime District 9 location, as ing was perfect.” ber. The indicative value of the hotels is $886 asset enhancement exercise, including increas- well as hotel guests and visitors. The Stevens He adds, “It’s because of the completion of million, with estimated recurring profit of $46 ing the efficiency and NLA of the building.” Road property “is a showcase for Oxley’s pro- these overseas properties that we dare to buy million based on an occupancy rate of 88%. Chevron House has an indicative valuation jects”, says Low. E EP8 • EDGEPROP | FEBRUARY 12, 2018 GAINS AND LOSSES
SAMUEL ISAAC CHUA/THE EDGE SINGAPORE Clear skies at The Sea View as latest transactions continue profitable streak
| BY TIMOTHY TAY | it, having bought the 1,658 sq ft unit through a sub-sale in 2010 for $1.84 million ($1,109 psf). he sale of a four-bedroom unit at The The unit was originally bought from the devel- Sea View on Jan 30 fetched a $1.82 mil- oper for $1.15 million ($692 psf) in 2006. lion profit. It was the most profitable deal There were only two unprofitable transac- in the week of Jan 23 to 30. The seller tions recorded at the condo last year. The high- walked away with a 132% profit, or a est loss involved a 958 sq ft, two-bedder on T7% profit per year over 12 years, after offload- the eighth floor, which was sold at a $100,000 ing the unit for $3.2 million ($1,943 psf). The loss on May 19. Meanwhile, profits averaged 1,647 sq ft unit on the 19th floor was purchased $466,089 across 24 profitable transactions. for $1.38 million ($839 psf) in November 2005. In District 3, the seller of a three-bedroom unit There have been no unprofitable transactions at Landmark Tower realised a $1.03 million prof- at The Sea View since 2015, based on the match- it (253%), or an annualised profit of 11% over an ing of caveats. The three transactions so far this 11-year holding period, when the unit was sold on year have resulted in profits ranging from $1.29 Jan 26. The 1,292 sq ft unit on the fourth floor was million to $1.98 million. sold for $1.43 million ($1,107 psf). It was bought The Sea View is a 546-unit freehold condo- in 2006 for $405,000 ($314 psf). minium developed by Wheelock Properties and This was just before the 99-year leasehold completed in 2008. Located on Amber Road in condo launched its first collective sale attempt District 15, it is close to the former Amber Park, in 2007 for $300 million, or $1,471 psf per plot which was acquired in a collective sale last Oc- ratio (ppr). If the sale had been successful, each tober by a joint venture between City Develop- of the 139 owners would have walked away with ments Ltd and Hong Leong Group for $906.7 mil- $1.5 million to $2 million, said Colliers Inter- E lion ($1,515 psf per plot ratio). The developers national, which was the appointed marketing plan to redevelop the site into a luxury condo agent for the collective sale attempt. The con- development comprising four 25-storey blocks do launched subsequent collective sale attempts housing about 800 units. The redevelopment will in 2009 and 2012, with guide prices of between reportedly be named The Opus. $280 million ($1,315 psf ppr) and $288 million Opposite the redevelopment is One Amber, ($1,355 psf ppr). where a four-bedroom unit on the 10th floor The 33-year-old Landmark Tower is making was sold for $2.68 million ($1,617 psf) on Jan its fourth collective sale attempt, with JLL as its The sale of a four-bedroom unit at The Sea View fetched a $1.82 million profit and was the most profitable 29. The seller realised an $842,000 (46%) prof- appointed marketing agent. E deal in the week of Jan 23 to 30. Find the most affordable listing in the project at edgepr.link/SeaView.
Top 10 gains and losses from Jan 23 to 30
Most profi table deals PROJECT DISTRICT AREA (SQ FT) SOLD ON (2018) SALE PRICE ($ PSF) BOUGHT ON PURCHASE PRICE ($ PSF) PROFIT ($) PROFIT (%) ANNUALISED PROFIT (%) HOLDING PERIOD (YEARS) URA, EDGEPROP URA, 1 The Sea View 15 1,647 Jan 30 1,943 Nov 9, 2005 839 1,818,398 132 7 12.2 2 Maple Woods 21 2,702 Jan 26 1,458 May 10, 1996 940 1,388,000 54 2 21.7 3 Landmark Tower 3 1,292 Jan 26 1,107 June 9, 2006 314 1,025,000 253 11 11.6 4 Leedon Residence 10 2,131 Jan 29 2,158 Oct 3, 2012 1,705 966,574 27 5 5.3 5 One Amber 15 1,658 Jan 29 1,617 Nov 16, 2010 1,109 842,000 46 5 7.2 6 Poshgrove East 15 2,174 Jan 26 1,233 May 6, 2010 865 800,000 43 5 7.7 7 The Hillside 21 1,776 Jan 25 1,013 March 9, 2007 574 780,000 76 5 10.9 8 Clementiwoods Condominium 5 1,625 Jan 24 1,077 Feb 15, 2007 612 755,500 76 5 10.9 9 Summerhill 21 1,604 Jan 25 1,104 Nov 23, 2000 635 751,000 74 3 17.2 10 Double Bay Residences 18 2,142 Jan 29 803 April 22, 2009 457 742,000 76 7 8.8
Non-profi table deals
PROJECT DISTRICT AREA (SQ FT) SOLD ON (2018) SALE PRICE ($ PSF) BOUGHT ON PURCHASE PRICE ($ PSF) LOSS ($)($) LOSS (%) ANNUALISED LLOSSOSS (%) HOLDING PERIOD (YEARS) 1 The Solitaire 10 1,970 Jan 23 1,472 May 22, 2007 1,878 800,000 22 2 10.7 2 The Sail @ Marina Bay 1 1,033 Jan 26 2,371 June 3, 2011 2,799 442,400 15 2 6.7 3 Dahlia Park Condominium 17 1,507 Jan 25 730 Oct 24, 2011 849 180,000 14 2 6.3 4 Loft @ Nathan 10 990 Jan 24 1,529 June 9, 2011 1,700 169,112 10 2 6.6 5 Casero @ Dunman 15 850 Jan 29 1,047 Aug 27, 2017 1,176 110,000 11 24 0.4 6 Primo Residences 19 538 Jan 26 1,171 Dec 21, 2012 1,301 70,000 10 2 5.1 7 Tanamera Crest 16 1,647 Jan 29 814 April 23, 2013 850 60,000 4 1 4.8 8 Sunshine Plaza 7 1,044 Jan 24 1,197 March 16, 2011 1,245 50,000 4 1 6.9 9 Spottiswoode 18 2 388 Jan 23 2,194 March 16, 2011 2,308 44,200 5 1 6.9 10 The Inflora 17 818 Jan 29 880 Nov 14, 2013 931 41,300 5 1 4.2
Note: Computed based on URA caveat data as at Feb 6 for private non-landed houses transacted between Jan 23 and 30. The profit-and-loss computation excludes transaction costs such as stamp duties. EDGEPROP | FEBRUARY 12, 2018 • EP9 DEAL WATCH
SAMUEL ISAAC CHUA/THE EDGE SINGAPORE
Boulevard Vue is a 33-storey luxury condominium Unit at Boulevard Vue developed by Far on the market for $13m East Organization
TABLES: URA, EDGEPROP | BY TIMOTHY TAY | Recent transactions at Boulevard Vue four-bedroom unit at the exclusive freehold condo- CONTRACT DATE AREA (SQ FT) PRICE ($) PRICE ($ PSF) minium Boulevard Vue is up Dec 14, 2016 4,478 14,925,174 3,333 for sale. The 4,391 sq ft unit Feb 15, 2016 4,478 15,896,900 3,550 on the fourth floor is being Feb 15, 2016 4,478 15,225,200 3,400 Asold for $13.3 million ($3,029 psf). Feb 15, 2016 4,478 14,687,840 3,280 The owner is an Indonesian who bought the unit in 2010 for $12.61 million ($2,871 psf) and has decid- ed to unlock the value of the prop- as well as the Orchard MRT station. erty, says Eileen Koh, senior mar- There are two executive penthous- Recent rental contracts keting director at ERA Realty, who es that take up the top two floors and at Boulevard Vue is marketing the property. The unit the roof terrace. An 8,051 sq ft pent- has been leased to a French family house was sold in 2009 for $33.41 LEASE DATE MONTHLY RENT ($($)) for $19,500 a month since the con- million ($4,150 psf), according to August 2017 18,00 18,0000 do was completed in 2013, she adds. caveats lodged. The remaining 26 This translates into an annual rent- units are four-bedders that each take July 2017 19,60 19,6000 al yield of about 2%. The lease will up one floor. July 2017 20,00 20,0000 end in April 2019. The latest transaction at Boulevard May 2017 1 19,0009,000 Boulevard Vue is a 33-storey lux- Vue was for the unit on the 13th floor ury condo developed by Far East Or- that fetched $14.93 million ($3,333 ganization that sits on a 45,731 sq psf) when it was sold in December. It would be hard to find a com- ft site and comprises 28 units. The The most expensive four-bedroom unit parable property at such an attrac- condo is located along Angullia Park, sold, in terms of absolute value, was tive price, says ERA’s Koh. The own- off prime Orchard Boulevard. The the unit on the 28th floor. The 4,456 sq er is selling the unit at cost and it is property is within walking distance ft unit was bought from the developer rare for a unit to occupy the whole of Wheelock Place and ION Orchard in 2010 for $21.39 million ($4,800 psf). floor, she adds. E EP10 • EDGEPROP | FEBRUARY 12, 2018
PROP HUNT
Properties for Sale Landed 3 Scan QR code for more details Ó To be featured, email [email protected] or call 9855-5282
$9,600,000 $7,630,000 $7,000,000 $4,800,000 Detached House Semi-Detached House Semi-Detached House Semi-Detached House BUKIT TERESA | Freehold STONE AVENUE | Freehold JALAN HAJI ALIAS | Freehold TAI KENG GARDENS | Freehold Built-Up(sqft): 9,000 | Land(sqft): 4,918 Built-Up(sqft): 5,680 | Land(sqft): 2,625 Built-Up(sqft): 3,588 | Land(sqft): 4,518 Built-Up(sqft): 5,800 | Land(sqft): 5,221 PSF: $1,952 PSF: $2,907 PSF: $1,549 PSF: $919
Brand new luxury bungalow. Mins to city & Sentosa. Brand new ready-to-move-in. Located in prime D9. Convenient to prestigious schools : Raffles Girl's 3-storey semi-detached house with 5 spacious Ready for move in. 3-storey with attic & basement. Walking distance to King Albert Park MRT (DT Secondary School, Singapore Chinese Girl's bedrooms (Include granny) plus maid room. 5 main bedrooms (1 master and 2 junior master), Line). 6+1brm+family room. Private lift. Private School, Chinese International School, Saint Joseph Spacious living hall, dining hall and family hall. Wet all ensuite. 1 guest room with attached bath. 1 gym swimming pool. Institution, Anglo-Chinese School (Barker Road). and dry kitchen. Mins to Nex Shopping Mall and room with access to roof top swimming pool. Heartland Mall.
William Teo Kevin Yeow Andy Cheng Andy Cheng WTG CONSULTANTS PTE LTD ORANGE TEE & TIE PTE LTD PROPNEX REALTY PTE LTD PROPNEX REALTY PTE LTD R027342F R021208G R012600H R012600H 65 9450 1088 65 9235 7711 65 9227 2638 65 9227 2638
$4,500,000 $4,300,000 $4,280,000 $4,000,000 Corner Terrace House Corner Terrace House Corner Terrace House Detached House SWISS VIEW | 999 years JALAN TUA KONG | Freehold JALAN SELAMAT | Freehold BEECHWOOD GROVE | 99 years Built-Up(sqft): 4,184 | Land(sqft): 4,010 Built-Up(sqft): 3,455 | Land(sqft): 3,038 Built-Up(sqft): 4,300 | Land(sqft): 3,208 Built-Up(sqft): 6,000 | Land(sqft): 6,135 PSF: $1,122 PSF: $1,415 PSF: $1,334 PSF: $652
Spacious and bright. 2-storey with basement. Beautifully done up. 4 spacious bedrooms with Maid's room + huge indoor entertainment hall + 3-storey Bungalow with pool at Beechwood Grove Surrounded by greenery. Mins to King Albert Park, attached bathrooms, maid's room, wet & dry cosy outdoor attic balcony. Mins to Kembangan near Singapore American School. Short walk to Near Turf City . A/A done on 1990. kitchen, convenient location and near amenities. Plaza. Short drive to Paya Lebar Square & One KM. supermarkets, eateries and Marsiling MRT Station. This is a house that you want to spend the whole day Nearest MRT Kembangan & Eunos. Within minutes drive to Causeway point and in. causeway to Johor.
Cecilia Choo Solomon Chow Andy Cheng Marcus Ng HUTTONS ASIA PTE LTD WTG PROPERTY PTE LTD PROPNEX REALTY PTE LTD PROPNEX REALTY PTE LTD R007340J R043148Z R012600H R009386Z 65 9145 3396 65 9228 2254 65 9227 2638 65 9327 4485
$3,800,002 $3,200,000 $2,300,000 $2,280,000 Corner Terrace House Terrace House Corner Terrace House Terrace House BEDOK GARDEN | Freehold DA SILVA LANE | Freehold RIVERINA CRESCENT | 99 years EASTWOOD DRIVE | 99 years Built-Up(sqft): 2,800 | Land(sqft): 3,845 Built-Up(sqft): 3,200 | Land(sqft): 2,700 Built-Up(sqft): 3,100 | Land(sqft): 2,153 Built-Up(sqft): 3,100 | Land(sqft): 1,938 PSF: $988 PSF: $1,185 PSF: $1,068 PSF: $1,176 Garden lovers' dream home. 3-storey. Simple 2 storey terrace house with 5-bedrooms plus maid Live by the sea at Pasir Ris Estate. Immaculate 3-storey. Big spacious living areas for multi renovation. Uniform development. Split Level room. Well renovated and move in condition. Near 3-storey, 5 spacious bedrooms + 1 helper room. generation family, near supermarket, hawker centre, living & dining area. Walking distance to Eastwood to Heartland Mall, Nex Shopping Mall and My Nice family patio. park connectors, future MRT station, short drive to Shopping Mall. Future MRT TE31 Sungei Bedok. Village at Serangoon Garden. airport, no afternoon sun, quiet neighbourhood, 5 spacious bedrooms, good layout with potential to create more living space.
Steeve Tan Andy Cheng Steeve Tan Solomon Chow ERA REALTY NETWORK PTE LTD PROPNEX REALTY PTE LTD ERA REALTY NETWORK PTE LTD WTG PROPERTY PTE LTD R024181H R012600H R024181H R043148Z 65 9787 8000 65 9227 2638 65 9787 8000 65 9228 2254 EDGEPROP | FEBRUARY 12, 2018 • EP11
PROP HUNT
Properties for Sale Condominium 3 Scan QR code for more details Ó To be featured, email [email protected] or call 9855-5282
$4,600,000 $4,450,000 $2,690,000 $1,950,000 The Trizon Skyline 360 Duo Residences The Trevose RIDGEWOOD CLOSE, 276698 Singapore ST. THOMAS WALK, 238142 Singapore FRASER STREET, 189350 Singapore TREVOSE CRESCENT, 298090 Singapore Freehold | Bedroom: 4 Freehold | Bedroom: 4 99 years | Bedroom: 2 99 years | Bedroom: 3 Size(sqft): 3,606 | PSF: $1,276 Size(sqft): 2,131 | PSF: $2,088 Size(sqft): 1,023 | PSF: $2,630 Size(sqft): 1,463 | PSF: $1,333
Beautiful patio ground floor unit with private 4-bedroom (2 ensuites) unit on high floor. Designer Premium 2 bedder on very high floor (above 45th A homely, low rise development that is next to Raffles pool. Surrounded by sprawling garden and water decor. Walking distance to vibrant Orchard Road floor). Unblocked city and Kampong Glam view. Town Club. Good size 3 bedder with a balcony. Away features. Fully renovated. High ceiling. Greenery and Somerset MRT station. Immediate occupation. from road noise. Within 5 mins walking distance to view. No west sun. Walk to Dover MRT station. Stevens MRT station.
Rena Lee Rena Lee Hyde Ng Teresa Chew REALSTAR PREMIER GROUP PTE LTD REALSTAR PREMIER GROUP PTE LTD ERA REALTY NETWORK PTE LTD PROPNEX REALTY PTE LTD R028501G R028501G R008187Z R028254I 65 9109 4480 65 9109 4480 65 8222 3338 65 8182 5997
$1,857,000 $1,780,000 $1,350,000 $1,328,888 1 King Albert Park Robin Regalia ICON The Gale KING ALBERT PARK, 598326 Singapore ROBIN ROAD, 258210 Singapore GOPENG STREET, 78878 Singapore FLORA ROAD, 509746 Singapore Freehold | Bedroom: 3 Freehold | Bedroom: 3 99 years | Bedroom: 1 Freehold | Bedroom: 3 Size(sqft): 1,281 | PSF: $1,450 Size(sqft): 1,054 | PSF: $1,689 Size(sqft): 786 | PSF: $1,718 Size(sqft): 1,356 | PSF: $980
3-bedroom plus maid room unit. Spacious interior Squarish regular layout. Pool facing. Beautiful High ceiling. Walking distance to Tanjong Pagar Freehold unit with beautiful pool view. Very well- with greenery view. Near to King Albert Park MRT renovations. Move in condition. Mins walk MRT station, eateries and amenities. Full condo maintained. Bright and windy. No west sun. Great station. Serious seller. to Stevens MRT station. Serious seller. Price facilities. layout with a balcony. negotiable.
Andy Cheng Andrew Koh Carol Kuan Vanessa Lee PROPNEX REALTY PTE LTD PROPNEX REALTY PTE LTD CK REAL ESTATE PTE. LTD. PROPNEX REALTY PTE LTD R012600H R024246F R000317H R047198H 65 9227 2638 65 9111 6290 65 9823 1690 65 9159 6436
$1,298,000 $1,220,000 $1,210,000 $1,110,000 Riverbank @ Fernvale The Rochester Costa Rhu NV Residences FERNVALE CLOSE, 797477 Singapore ROCHESTER DRIVE, 138638 Singapore RHU CROSS, 437436 Singapore PASIR RIS GROVE, 518214 Singapore 99 years | Bedroom: 2 99 years | Bedroom: 1 99 years | Bedroom: 2 99 years | Bedroom: 3 Size(sqft): 1,217 | PSF: $1,067 Size(sqft): 840 | PSF: $1,452 Size(sqft): 990 | PSF: $1,222 Size(sqft): 1,184 | PSF: $938 2-bedroom plus study loft. Good ventilation. Bright Charming loft unit. Designer decor. No west sun, Gardens By The Bay at your doorstep. Walk to Good condition unit on 14th floor. 3-bedroom plus and breezy. South and quiet facing. High ceiling. bright and quiet. Good privacy and space usage. Rare Stadium MRT. Two spacious rooms with two toilets. study. Near MRT station. Easy access to TPE, PIE unit with 2 entrances. and ECP.
Harry Chong Y K Yik Estella Khoo Raymond Sim ERA REALTY NETWORK PTE LTD YK REALTY CONSULTANTS NBI REALTY LLP ERA REALTY NETWORK PTE LTD R056277J P000384D R002454Z R052823H 65 9773 1831 65 9383 3616 65 9100 2299 65 9775 9776 EP12 • EDGEPROP | FEBRUARY 12, 2018
PROP HUNT
Properties for Sale and Lease Condominium Business Space 3 Scan QR code for more details Ó To be featured, email [email protected] or call 9855-5282
$5,000/mth $4,400/mth $4,300/mth $4,300/mth Leonie Gardens Skysuites@Anson Luma Alex Residences LEONIE HILL, 239226 Singapore ENGGOR STREET, 79718 Singapore RIVER VALLEY GROVE, 238403 Singapore ALEXANDRA VIEW, 158744 Singapore 99 years | Bedroom: 3 99 years | Bedroom: 2 Freehold | Bedroom: 2 99 years | Bedroom: 3 Size(sqft): 1,733 | PSF: $3 Size(sqft): 667 | PSF: $7 Size(sqft): 1,173 | PSF: $4 Size(sqft): 926 | PSF: $5
Gorgeously nice renovated. Very mint condition. 2-bedroom unit above 50th storey. 3 mins walk to 2-bedroom and 2 bathroom unit. Pool and Brand new 3-bedroom unit on high floor. 5 mins High floor. Full condo facilities. Tanjong Pagar MRT Station. Great city view. Partial greenery view. Tip top condition. Partial furnished. walk to Redhill MRT station. Available immediately. furnished, available immediately. Available immediately.
Paul Fam Timothy Chew Hyda Choy Timothy Chew ERA REALTY NETWORK PTE LTD ORANGETEE & TIE PTE LTD HUTTONS ASIA PTE LTD ORANGETEE & TIE PTE LTD R007736H R021687B R058725J R021687B 65 8100 2280 65 9178 1178 65 9826 1280 65 9178 1178
$3,000/mth $2,900/mth $2,800/mth $2,500/mth Guilin View Astoria Park 26 Newton 21 Richards BUKIT BATOK STREET 52, 659248 Singapore LORONG MYDIN, 416883 Singapore NEWTON ROAD, 307957 Singapore RICHARDS AVENUE, 546430 Singapore 99 years | Bedroom: 2 99 years | Bedroom: 2 Freehold | Bedroom: 1 Freehold | Bedroom: 2 Size(sqft): 861 | PSF: $3 Size(sqft): 861 | PSF: $3 Size(sqft): 474 | PSF: $6 Size(sqft): 624 | PSF: $4
2-bedroom unit on high floor. Fully furnished. Nicely renovated unit with pool view. Kembangan New condo. Near Novena MRT station and Newton Situated in a landed housing enclave. Serene and Mins to Bukit Gombak MRT station. Available MRT station just at the door step. Mins walk to MRT station. Walking distance to United Square, tranquil living environment. Near Kovan MRT immediately. supermarket and neighbourhood coffee shop. Novena Square & Square 2. Within 1 km to ACS station and Kovan market. (Primary & Junior) & SJI.
Wendy Ang Annie Tan Michael Wong Raymond Sim PROPNEX REALTY PTE LTD PROPNEX REALTY PTE LTD HUTTONS ASIA PTE LTD ERA REALTY NETWORK PTE LTD R010866B R012186C R006996I R052823H 65 9068 1108 65 9850 0190 65 8838 6969 65 9775 9776
$7,300,000 $1,600,000 $508,000 $750/mth 177 Toa Payoh Central - Shop for sale Pioneer Lot - Factory for sale Pioneer Centre - Factory for sale Woodlands 11 - Office for rent TOA PAYOH CENTRAL, 310177 Singapore BENOI ROAD, 629917 Singapore SOON LEE STREET, 627605 Singapore WOODLANDS CLOSE, 737853 Singapore 99 years | Size(sqft): 2,776 | PSF: $2,630 30 years left | Size(sqft):10,473 | PSF: $153 30 years left | Size(sqft): 1,481 | PSF: $343 60 years left | Size(sqft): 200 | PSF: $4
2 amalgamated shophouses for sale. Rare! Next to 3-storey mezzanine multi user industrial Great location. Prime unit with easy access. High This fitted office is good for small business use. Toa Payoh MRT station. Selling with tenancy. High development suitable for marine & engineering ceiling. Used for factory/workshop (B2). Easy access Located on high floor. human traffic. businesses. Renovated offices located at Pioneer to expressways AYE & PIE. Close to Pioneer MRT Road & Benoi Road. Easy access to Tuas & Jurong (EW28) & Boon Lay MRT. (EW27) and near to Island. several bus stops.
Raymond Sim Siah Boon Leng Ronnie Vivien Ong Stephen Sim ERA REALTY NETWORK PTE LTD ORANGETEE & TIE PTE LTD ORANGETEE & TIE PTE LTD ORANGETEE & TIE PTE LTD R052823H R027718I R058353J R005712Z 65 9775 9776 65 8368 2010 65 8228 7600 65 9386 2513