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Visit EdgeProp.sg to ˎ nd properties, research market trends and read the latest news The week of February 26, 2018 | ISSUE 819-40

Industry Watch Spotlight Done Deals Gains and Losses Implications of the House saved from Richmond Park prices Unit at D’Chateau @ increase in buyer’s swindler-tour guide on return to pre-2013 levels Shelford suffers loss stamp duty the market from $35 mil of above $2,600 psf of $1.22 mil EP4 EP5 EP10 EP13

PACIFIC STAR DEVELOPMENT Positive sentiment spills over to Iskandar Singapore-listed Pacifi c Star Development to launch the remaining phases at its fl agship development, Puteri Cove Residences and Quayside in Puteri Harbour. See our Cover Story on Pages 8 and 9. EP2 • EDGEPROP | FEBRUARY 26, 2018 PROPERTY BRIEFS

CUSHMAN & WAKEFIELD

EDITORIAL Budget 2018: Proximity Housing Grant EDITOR | revised, could boost HDB resale demand Cecilia Chow With effect from Feb 19, the Proximity Housing Grant HEAD OF RESEARCH | (PHG) for Singapore citizens who buy an HDB resale Feily Sofi an flat to live with their parents or children has been re- DEPUTY EDITOR | Lin Zhiqin WRITERS | Angela Teo, Timothy Tay vised from $20,000 to $30,000, said Finance Minister DIGITAL WRITER | Fiona Ho Heng Swee Keat in his Budget 2018 speech. For families buying a resale flat to live near their COPY-EDITING DESK | Elaine Lim, Evelyn Tung, parents or children, the PHG remains unchanged at Chew Ru Ju, Shanthi Murugiah $20,000. PHOTO EDITOR | Singles aged 35 years and above who buy a resale Samuel Isaac Chua flat to live with their parents can now receive a PHG of PHOTOGRAPHER | Albert Chua EDITORIAL COORDINATOR | $15,000, up from $10,000 previously. Those who live Yen Tan near their parents can receive a new PHG of $10,000. DESIGN DESK | Conditions for the grant have also been revised. Tan Siew Ching, Christine Ong, Monica Lim, Previously, properties applicable for the grant were Tun Mohd Zafi an Mohd Za’abah those within a 2km radius of the kin’s property or in the same town. HDB has simplified this condition to ADVERTISING + MARKETING properties within a 4km radius of the kin’s property. includes a 10% bonus balcony GFA, the reserve price Following the completion of a proposed share sub- ADVERTISING SALES This revised definition of “proximity” will also for the freehold property translates into $1,169 psf scription by Koh Brothers in the SPV, it will be 25:75 DIRECTOR, COMMERCIAL OPERATIONS | apply to the Married Child Priority Scheme and per plot ratio (ppr). owned by Koh Brothers and the Tang Group unit. Cowie Tan Senior Priority Scheme for all new flats with effect According to JLL, this compares favourably to The JV agreement is conditional upon, among oth- ASSOCIATE ACCOUNT DIRECTOR | Diana Lim from HDB’s May 2018 Build To Order (BTO) and the $1,722 psf ppr land rate of the 99-year leasehold er factors, the Malaysian unit of Tang Group transfer- ACCOUNT MANAGER | Sale of Balance Flats (SBF) exercises, according to Handy Road Government Land Sales site, which was ring the plot meant for the mixed-use development in James Chua a joint statement released by the Ministry of Na- awarded in January to City Developments. Pulai district, Johor Bahru to the SPV. The SPV will CIRCULATION tional Development and HDB on Feb 19. The buyer of Fairhaven will be exempted from pay- purchase the leasehold interest of the land for about DIRECTOR | Victor The Lim Yong Hock, key executive officer of PropNex ing a development charge (DC) because of the high RM35 million ($11.8 million). EXECUTIVE | Realty, estimates that HDB resale volume for 2018 development baseline of the property, notes JLL. Un- Koh Brothers’ total investment in the SPV will amount Malliga Muthusamy, Ashikin Kader could increase to nearly 24,000, from the 22,077 units der the 2014 Master Plan, the site is zoned “Residen- to about RM7.5 million, including the RM250,000 sub- CORPORATE sold in 2017, following the PHG revision. tial”, with a gross plot ratio of 2.1. scription price for shares in the SPV. CHIEF EXECUTIVE OFFICER | RHB Bank analyst Shekhar Jaiswal concurs that The tender closes on March 22. STRAWBERRY STAR GROUP Bernard Tong demand for HDB resale flats could increase follow- PUBLISHER ing the PHG revision. He expects this to benefit Sin- Guillemard terraced houses up The Edge Property Pte Ltd gapore-listed property broker APAC Realty, which he for en bloc sale at $99 mil 150 Cecil Street #13-00 says has a 26% market share of the total HDB resale Fifteen 2-storey terraced houses (above) on Guille- Singapore 069543 Tel: (65) 6232 8688 transaction value. APAC Realty operates real estate mard Road and Jalan Molek have been put up for Fax: (65) 6232 8620 agency ERA Realty. sale by a single owner, announced marketing agent Cushman & Wakefield on Feb 21. PRINTER KHL Printing Co Pte Ltd Budget 2018: Tax transparency treatment The total land area of the houses can be combined 57 Loyang Drive for S-REITs extended to REIT ETFs to form a 9,999-year leasehold residential redevelop- Singapore 508968 Tax transparency treatment for Singapore-listed real ment site of 37,131 sq ft. The aggregate asking price Tel: (65) 6543 2222 estate investment trusts (S-REITs) will be extended to is $99 million. Fax: (65) 6545 3333 Singapore-listed REIT exchange-traded funds (ETFs). Under the 2014 Master Plan, the redevelopment PERMISSION AND Distributions received by REIT ETFs from S-REITs, site is zoned “Residential/Institution”, with a plot ra- REPRINTS which are made out of the S-REIT’s specified income, tio of 2.8. While its baseline GFA is 77,071 sq ft, the Material in The Edge Property will be exempt from the prevailing 17% corporate tax site can be redeveloped into a new project with al- may not be reproduced in any form without the written with effect from July 1. lowable GFA of 114,364 sq ft, including 10% bonus permission of the publisher This, however, does not apply to individual inves- balcony GFA. tors who receive any distribution through a partner- Based on the GFA of 114,364 sq ft, the land cost We welcome your comments ship in Singapore or the carrying on of a trade, busi- translates into $993 psf ppr. That includes an estimat- and criticism: propertyeditor.sg@ ness or profession. ed DC of $14.6 million, including the 10% bonus bal- bizedge.com Qualified non-resident non-individuals will also cony GFA in the redevelopment.

Pseudonyms are allowed but receive a 10% concessionary tax rate on such REIT Provisional permission has been obtained for the Strawberry Star Group wins £260 mil please state your full name, ETF distributions. proposed erection of a part five- and part eight-sto- project near London’s Luton Airport address and contact number for RHB Bank analyst Shekhar Jaiswal says: “This rey residential development with attic, comprising a London-based property developer Strawberry Star us to verify. much-lobbied move is positive for REIT sector growth total of 137 units, a carpark on the first storey and Group announced on Feb 20 that it had secured a and ought to strengthen Singapore’s status as an basement level, a swimming pool on the second sto- mixed-use development project on a site of about emerging REIT hub.” rey and a landscaped roof on the sixth storey, says 28,000 sq m near Luton Airport in London. Jaiswal expects more REIT ETF-based products Cushman & Wakefield. Located in Bedfordshire county, the £260 million to hit the market in the near term as a result. “Ul- The tender closes on March 20. ($480 million) project (artist’s impression above) will timately, this will help widen the investor base for comprise 685 residences, a 200-room hotel, a medi- REITs,” he notes. Pomex Court at Joo Chiat cal and wellness centre, as well as retail and leisure According to the Inland Revenue Authority of Sin- launched for collective sale facilities upon completion. Residents can take the gapore, the tax concessions for REIT ETFs will be sub- Pomex Court at Joo Chiat was launched for collec- train from Luton Airport to Central London, which ject to a review on March 31, 2020. tive sale by tender on Feb 22, according to market- is about 50km south of the airport. ing agent Century21 Singapore. Prices for the apartments will start from £210,000. Fairhaven on Sophia Road up for collective The 26,741 sq ft freehold site on Lorong 101 Changi As the project has full planning consent, construction sale at $1,169 psf ppr reserve price has a reserve price of $37 million. That works out to will begin in Autumn 2018, with Phase 1 slated for Fairhaven on Sophia Road (below) was launched for $998 psf ppr, based on a GFA of 37,059 sq ft. The site completion in 2H2021, according to Strawberry Star. collective sale by tender on Feb 21 at a reserve price is zoned “Residential”, with a plot ratio of 1.4 under Strawberry Star Group also announced on Feb of $45 million, according to marketing agent JLL. the 2014 Master Plan. 20 the successful listing of its investment structure, The existing residential development, which sits on Completed in 1986, the existing development at Strawberry Star Real Estate PCC Ltd, on The Inter- a 16,660 sq ft freehold site in prime District 9, has prime District 15 has 19 units ranging from 872 to national Stock Exchange in Guernsey. The structure 15 apartment units. 1,668 sq ft. If Pomex Court is successfully sold at its currently holds an equity of £40 million; the group Based on a gross floor area of 34,986 sq ft, which reserve price, the owners of each unit could garner a intends to raise another £110 million by end-2018

JLL sum of between $1.5 million and $2.3 million. from global investors. The tender closes on March 21. “We see increasing interest among Asian investors, particularly from Singapore, to gain a foothold in the Koh Brothers JV to develop expanding London property market, which has been mixed-use project in Johor delivering consistent returns because of its strong fun- Singapore-listed construction and property develop- damentals,” notes Santhosh Gowda, Strawberry Star ment firm Koh Brothers Group has formed a joint-ven- Group chairman. ture vehicle with two partners to develop a mixed- “The funds from Strawberry Star Real Estate PCC use project in Johor. The project is estimated to have Ltd will be deployed on homes that benefit from the a GFA of 449,539 sq ft. Crossrail and easy access and transportation links to The partners are a Malaysian subsidiary of Singa- Central London and its business hubs,” says Gowda. pore real estate company Tang Group of Companies The group intends to have a pipeline of 3,000 residen- and a special purpose vehicle (SPV) 100%-owned by tial units over the next five years, he adds. — Com- the Tang Group unit. piled by Angela Teo E EDGEPROP | FEBRUARY 26, 2018 • EP3 EP4 • EDGEPROP | FEBRUARY 26, 2018 INDUSTRY WATCH

SAMUEL ISAAC CHUA/THE EDGE SINGAPORE

Jefferies’ Guha considers the BSD rate rise to be ‘marginally negative’ for developers, whose margins could be dented should they choose to absorb the additional BSD in individual property transactions Buyer’s stamp duty raised for residential properties over $1 mil

| BY ANGELA TEO | 2% for the next $180,000 and 3% for total transaction amount, he notes. there is no comparable in recent histo- of the additional BSD contribution to the remainder of the purchase price or If a buyer is granted the option ry, according to Krishna Guha, equity come primarily from the sale of Good he top marginal buyer’s stamp market value of the residential prop- to purchase a property on or before analyst at Jefferies. “It is more a reve- Class Bungalows, Sentosa Cove bun- duty (BSD) for residential erty, with no further tiers for proper- Feb 19 and exercises it before March nue measure than a demand cooling galows and residential units priced properties priced at more than ties priced or valued above $360,000. 12 or the date of expiry of the op- measure and the impact will be mild on at $5 million and above. $1 million has been increased Assuming a buyer purchases a tion’s validity period, the buyer may mid-end property purchases,” he says. “The move, however, may have to 4% with effect from Feb residential property with a price tag apply to the Inland Revenue Author- This increase affects direct pur- a dampening effect on the collective T20, announced Minister for Finance of $2 million, that means paying ity of Singapore for remission to fol- chases and purchases made through sale market, as the BSD rise can be Heng Swee Keat on Feb 19 during the $10,000 more BSD, estimates Nicho- low the BSD rate before this revision, share transfers in companies primar- hefty for most collective sale deals, Budget 2018 speech (see Table 1). las Mak, executive director at ZACD according to IRAS. ily holding residential properties, he which easily run into hundreds of This is revised from the previous Group (see Table 2). The difference, This is the first BSD rate increase points out. millions of dollars,” she says. BSD rate: 1% for the first $180,000, however, remains a fraction of the on residential properties since 1996, so Guha considers the BSD rate rise to For non-residential properties, the be “marginally negative” for develop- BSD rate remains the same: 1% for Table 1 MOF ers, whose margins could be dented the first $180,000; 2% for the next should they choose to absorb the addi- $180,000 and 3% for the remainder of Previous and new BSD rates tional BSD in individual property trans- the property’s price or market value. actions. “How ever, given the buoyant “That is a positive for Singapore BSD RATE ON THE TIERS ON OR BEFORE TIERS ON OR AFTER FEB 20, 2018 sentiment and bullish land bids by de- real estate investment trusts, as they ACTUAL PRICE OR FEB 19, 2018 MARKET VALUE BASED ALL PROPERTIES RESIDENTIAL NON-RESIDENTIAL velopers, expectations of future price typically buy commercial and in- ON DATE OF ACQUISITION1 PROPERTIES (REVISED) PROPERTIES (NO CHANGE) increases may exceed the impact of dustrial properties in the city state,” 1% First $180,000 First $180,000 (no change) First $180,000 the higher stamp duties,” he reckons. notes Andy Wong, investment ana- Christine Li, head of research at lyst at OCBC Investment. 2% Next $180,000 Next $180,000 (no change) Next $180,000 Cushman & Wakefield, does not ex- Finance Minister Heng also an- 3% Amount exceeding $360,000 Next $640,000 (revised) Amount exceeding $360,000 pect the BSD rate increase to have a nounced that the anticipated hike in 4% (new) Previously not applicable Amount exceeding $1,000,000 (new) Not applicable substantial cooling effect on property the Goods and Services Tax will only 1The additional conveyance duties rates will also be adjusted accordingly demand when it comes to small-tick- occur between 2021 and 2025 — later et transactions. She expects the bulk than expected. GST is expected to be raised from the prevailing 7% to 9%. Table 2 IRAS, CREDIT SUISSE ESTIMATES, ZACD GROUP, CUSHMAN & WAKEFIELD RESEARCH Jefferies’ Guha believes the GST in- crease will have an impact on house- Impact from new BSD on residential properties priced between $1 mil and $10 mil hold savings and the affordability of properties, as property purchases are PROPERTY PURCHASE OLD STAMP EFFECTIVE BSD NEW STAMP NEW EFFECTIVE BSD DIFFERENCE DIFFERENCE often long-term commitments. “A PRICE ($ MIL) DUTY ($) (% OF PURCHASE PRICE) DUTY ($) (% OF PURCHASE PRICE) ($) (% OF PURCHASE PRICE) household with a 20% savings rate 1.0 24,600 2.46 24,600 2.46 – 0.00 will see savings decline by 7.5% when 2.0 54,600 2.73 64,600 3.23 10,000 0.50 the GST rate is increased, everything 3.0 84,600 4.23 104,600 5.23 20,000 1.00 else remaining the same,” notes Guha. 4.0 114,600 5.73 144,600 7.23 30,000 1.50 “This will reduce housing afforda- 5.0 144,600 7.23 184,600 9.23 40,000 2.00 bility in the medium term. Buyers, 10.0 294,600 14.73 384,600 19.23 90,000 4.50 however, tend to underprice such medium-term impacts,” he adds. E EDGEPROP | FEBRUARY 26, 2018 • EP5 SPOTLIGHT

House saved from Chinese swindler-tour guide on the market from $35 mil

SAVILLS SINGAPORE | BY TIMOTHY TAY |

sprawling bungalow at 2F Gerald Crescent belonging to Chung Khin Chun, 90, the victim in a highly publicised financial abuse court case three years ago, was launched Afor sale on Feb 22. The asking price of the 999-year leasehold property which occupies a 31,882 sq ft site is upwards of $1,100 psf, or from $35 million, according to sole mar- keting agent Savills Singapore. The vendor is Hedy Mok, Chung’s niece and the appoint- ed deputy public trustee for the administra- tion of her estate The property, located in Seletar Hills Es- tate, was developed by Bukit Sembawang Es- tates. When Chung and her husband, the late Dr Chou Sip King, purchased the house in 1961, it sat on a sprawling 71,000 sq ft site. The price then was $40,000. Today, the piece of land would have been worth $157 million when adjusted for inflation, according to an online inflation calculator by the Monetary Authority of Singapore. The property has a 999-year lease starting from 1879. When Chou was alive, the garden alone accounted for more than half the site or 39,000 sq ft. The garden had durian and ram- A 39,000 sq ft garden behind Chung’s bungalow was sold in 2004 and redeveloped into The Gardens at Gerald (top, left), which contains 25 strata terrace houses butan trees, a lily pond and rock paths, and was adorned by sculptures made by Chou. As PICTURES: SAMUEL ISAAC CHUA/THE EDGE SINGAPORE the couple had no children, the garden became a will stating that he was the sole beneficiary the playground for their eight dogs. and was given the lasting power of attorney In the last property boom in 1996, a de- (LPA) over Chung’s estate and assets in 2012. veloper had offered the couple $28 million His wife and two young children from China ($400 psf) for their property, but they re- even moved into Chung’s home in 2013. That fused to sell it. was when Chung’s niece, Mok stepped in and In 2004, the couple, who was then in their had them evicted. By 2014, Chung, who was 70s had walking difficulties and realised they 86 then, was diagnosed with dementia. Mok could not maintain their huge garden. They de- arranged for Chung to move in with her and cided to put it up for sale. As the market was was appointed her guardian by the courts. in the doldrums, boutique developer Oaktree Up until that point, Mok had only visited Land managed to purchase it for $7.6 million her aunt every quarter. “She was a very private ($195 psf per plot ratio) and developed the person,” she says. Mok’s mother and Chung site into 25 strata terraced houses called The are sisters. Gardens at Gerald. The project was complet- Mok successfully petitioned the courts to ed in 2007. throw out the will made in 2012 in favour of Yang and revoke his LPA. The court case A series of unfortunate events dragged on for three years Yang was found Chou passed away in 2007, and the follow- guilty of 120 charges brought against him, in- ing year, Chung went on her annual holiday cluding the misappropriation of $1.1 million Mok, Chung’s niece, the appointed deputy public Suzie: The best way to preserve the value of the to China accompanied by a friend. They en- from Chung and fraudulently obtaining Singa- trustee for the administration of Chung’s estate, property is to sell it to a person who will redevelop gaged a tour guide in China named Yang Yin. pore PR status. He was given a jail sentence says her aunt was a very private person the site without carving it up Little did Chung suspect that she would fall of 11 years and two months. prey to Yang’s designs. senior director of investment sales at Savills storey mixed landed development under the By 2009, Yang had become a resident in Value preservation Singapore, expects keen interest for the prop- 2014 Master Plan. According to Suzie, it can Chung’s bungalow, and by 2011, he had be- After the court case ended, Mok’s next task erty at Gerald Crescent, given the rarity of land be developed into 11 houses — two bunga- come a Singapore permanent resident (PR), af- was to sell the property at Gerald Crescent. parcels of such a size in the Seletar Hills Es- lows, a pair of semi-detached houses and ter reportedly falsifying receipts that made it The bulk of the proceeds from the sale will tate. “Over the years, many have been subdi- seven terraced houses. However, that means appear that he owned a firm that was profita- go to charity, according to Mok. vided and sold,” she says. 10% to 15% of the land has to be allocated ble. He even manipulated Chung into making Suzie Mok (no relation to Hedy Mok), The 31,882 sq ft site is zoned for a three- for an access road, she explains. An alternative scenario would be to sell it to SAVILLS SINGAPORE a high-net-worth individual or someone who will redevelop the site into several bungalows for family members without carving up the site into smaller pieces, she adds. “This will help preserve the value of the property for fu- ture generations.” Suzie does not see the 1% increase in buy- er’s stamp duty having any impact on proper- ties of such sizes. According to Mok, about $5 million from the proceeds of the sale could go towards the purchase of a small house in the East Coast for her aunt so that her aunt could live near her. Meanwhile, another portion will be put in a trust for her living expenses, she adds. The tender for the property at Gerald Cres- The house, which occupies a 999-year leasehold site of 31,882 sq ft, has been launched for sale by tender cent will close on March 22. E EP6 • EDGEPROP | FEBRUARY 26, 2018 PROPERTY TAKE

BLOOMBERG

PropTech has been gaining traction in recent years as one of the biggest trends in real estate

What will drive property tech trend in 2018?

isruption has become the race to leverage data. It will need to folio of buildings from a virtual cen- ically progress to real estate. Real es- new normal for global and understand data at a deeper level to tre instead of relying on many low- tate is one of the largest asset classes domestic corporations alike. deliver products that drive benefit to er-skilled workers. globally and presents a natural pro- While the level and impact customers. One of the most visible If data is synchronised at a more gression development from fintech of disruptive forces vary ways it will achieve this is through sophisticated and deeper level, it is to PropTech. Dacross industries, there remains a harnessing data more strategically to not impossible to imagine a scenario Utilising fintech, we can create single unifying factor and that is improve and personalise the user ex- in which landlords can sublet or rent new deal origination platforms to technology. The real estate indus- perience of the built space. out underutilised space to co-work- match retail investors with develop- try in Singapore and beyond is no PropTech-influenced possibilities ing space owners, or the possibili- ers or institutional property funds. exception. With the announcement for office workers and occupiers have ty of other real estate firms offering Fintech makes possible the creation of the Singapore government’s Real been popularised in recent months. co-working spaces and the suite of of algorithms that act like a dating Estate Industry Transformation Map, More sophisticated workplaces allow | BY NIGEL O’NEILL | customer services that comes with app, automating the match between and the heightened role of technolo- users to reserve desks at work, auto- these offerings. investors and the available assets, gy and the digitalisation of the sec- matically adjust the lighting or tem- particularly those that are priced in tor, disruption has seemingly gone perature, or even have their favour- space available to other enterprises Cybersecurity in sharper focus the smaller sub-million-dollar market. more institutional. ite beverage ordered ahead of time to use in real time. Alongside the growth of smart build- It is the view of the real estate Across the board, conversations from their preferred café and ready With increased automation, facil- ings, the focus on cyber defence and industry that PropTech is a work in about property technology (PropTech) for consumption at the right temper- ities management service providers cybersecurity will need to become part progress, but there are many exciting are becoming more frequent. With the ature as they arrive at their desk — can consolidate network operations of the broader conversation too. With green shoots and a growing industry rise of innovation, data democratisa- all through an app. Truly disruptive to manage a portfolio of buildings re- the implementation of smart-build- and governmental focus on PropTech. tion and our growing understanding of in anyone’s language. motely at a lower-cost location, re- ing technology and the evolution of In the short term, progress will be how technology can give birth to new However, the reach and possibil- lying on automated sensors, super- various user apps to interact with limited by access to top talent and opportunities, improve business per- ities for leveraging this data extend vised by a lean pool of highly skilled our built environment, the access those who have the ability to reim- formance and enhance the end-user further, especially in the area of fa- facility managers. We are starting to points for hackers to access build- agine a digital real estate world. The experience, PropTech has been gain- cilities management, an area also see green shoots in this space with ings will increase. second challenge will lie in how we ing traction in recent years as one of pinpointed by the Singapore govern- the government investing heavily in Technology supporting smart build- can effectively capture and harness the biggest trends in real estate. And ment. Using the data gathered from smart-building technology. ings will increasingly have to take data, separating the wheat from the while companies and governments are meeting room bookings, office usage This model of building manage- into account multiple scenarios and chaff so we can intelligently lever- still navigating the enormous wave patterns emerge, enabling facilities ment is in line with the government’s building owners will have make in- age data to drive truly amazing out- of digitisation and technology, some management operators to maximise plan for creating high-value jobs that vestments to safeguard their build- comes. As with any transformation, it concrete developments have emerged. the efficiencies of space: They can can stimulate the economy. Automa- ings and the assets of those who is a journey and the aforementioned map out peak periods of space usage tion of building management can lead occupy them. The focus on cyberse- challenges are par for the course of Race to leverage data and shut down power and water sup- to the creation of network operation curity in buildings will only intensi- any transformational journey and not will intensify ply when the space is not in use, or centres, or virtual facilities manage- fy in the future. just limited to real estate. E With the Internet of Things (IoT) place unused zones in a low-power ment centres, to remotely manage and plethora of data available, the mode to maximise energy savings. buildings. This means that a single Automation of smaller deal sizes Nigel O’Neill is CBRE chief digital real estate industry will continue to Or they may dynamically make this facility manager can manage a port- The advancements in fintech will log- & technology officer for Asia-Pacific EDGEPROP | FEBRUARY 26, 2018 • EP7 PERSONALITY

V-ZUG

V-ZUG appliances can be installed in different design settings Purveyor of luxe kitchen appliances optimistic about local market

| BY LIN ZHIQIN | the nascent stages of a recovery, Yap reckons are up to 60% more energy-efficient than the reduce creases, eliminate germs and bacteria, this is an opportune time to grow the brand highest four-tick rating by Singapore’s Nation- and dry clothes, explains Yap. espite being headquartered in Swit- here. Several existing luxury developments, al Environment Agency, she adds. Beyond its appliances, V-ZUG will also de- zerland, V-ZUG’s engineering team such as Boulevard Vue by Far East Organi- V-ZUG products are handmade, according liver a luxury service, says Yap. An on-site understands that the humidity in Sin- zation, Ardmore Residence by Pontiac Land to Yap. Every year, the company produces just inspection is carried out to test all the prod- gapore causes condensation to collect and Tomlinson Heights by Hotel Properties 200 units of its revolutionary clothing-care ap- ucts before they are handed over to custom- on the doors of refrigerators, which Ltd, are already fitted with V-ZUG applianc- pliance Refresh-Butler. The device, which won ers, she explains. Dlooks unsightly and damages timber material. es, she points out. the iF Design Award 2014, uses a combination In addition to books containing recipes According to Angeline Yap, managing director As the Swiss are very eco-conscious, V-ZUG’s of photocatalysis, steam and hot air circulation that are tailored to help users get the most of V-ZUG Singapore, additional insulation has products have been designed with energy ef- to refresh clothes. Energy-efficient and gentle out of their kitchen appliances, there is also been added to refrigerators that are supplied ficiency in mind, says Yap. Some appliances on textiles, it offers functions to remove odours, the V-ZUG Gourmet Academy — a group of to the tropics to nip this problem in the bud. chefs who create recipes and demonstrate how Yap says this is an example of the leading SAMUEL ISAAC CHUA/THE EDGE SINGAPORE best to use the kitchen appliances, says Yap. Swiss household appliance brand’s philoso- V-ZUG’s chef-ambassadors include Ryan Clift, phy to continually improve each product of- who is chef-owner of The Tippling Club, an fering by understanding consumers’ needs and award-winning restaurant in Singapore that has pre-empting and solving any potential prob- been ranked among Asia’s 50 best restaurants. lems. The appliances can also be installed A recipe book that focuses on Singapore cui- in different design settings to suit individual sine is being developed and the culinary ex- tastes, adds Yap, who was the managing di- perts will also provide support to users who rector of Miele Singapore before she joined may encounter problems following the recipes. V-ZUG. “Miele appliances are being used in V-ZUG Singapore’s sales gallery is slated many projects,” she notes. “I am bringing a to open in July and will showcase different new brand to offer differentiation to the lux- kitchen concepts and feature live cooking ury market.” demonstrations from renowned chefs, says Singapore’s luxury property segment has Yap. In the meantime, she is working with been in a slumber over the past few years, several developers who are keen to provide says Yap. As a result, she worked with V-ZUG V-ZUG appliances in their upcoming luxury to enter the China and Hong Kong markets, residential projects. where the brand has been well received. The They would be able to command a pre- luxury residences at Beijing Greenland Center mium for units equipped with V-ZUG’s prod- and St Regis Residences Shanghai boast V-ZUG ucts, reckons Yap, owing to its brand history appliances. of top-quality products and service. “We are As the luxury market in the city state is in Developers would be able to command a premium for units equipped with V-ZUG’s products, reckons Yap the Hermès of appliances,” she says. E EP8 • EDGEPROP | FEBRUARY 26, 2018 COVER STORY

PICTURES: ALBERT CHUA/THE EDGE SINGAPORE

PPositiveositive ssentimententiment sspillspills ooverver ttoo IIskandarskandar Singapore-listed Pacific Star Development to launch its remaining phases at the RM1.75 billion flagship development Puteri Cove Residences and Quayside in Chan: Buying cheap does not necessarily guarantee price Puteri Harbour appreciation. If you buy prime property, it has scarcity value.

| BY CECILIA CHOW | ception. Her conviction stems from the fact that there are others like her, including some ingaporean IT professional Crystal Lai is of her friends, who had also purchased units looking forward to moving into her new at Puteri Cove Residences with the intention condominium unit at Iskandar Malay- of moving there. “I think it’s going to be quite sia’s Puteri Cove Residences, the flag- vibrant,” she says. The Puteri Harbour area re- ship project by Singapore-listed Pacific minds her of Singapore, given its infrastruc- SStar Development. ture, but is more tranquil, she adds. Lai intends to commute daily to work, es- timating that it will take 30 to 40 minutes to Capital appreciation drive from her new home in Puteri Harbour to Pacific Star Development CEO Glen Chan feels her office in Tuas — the same amount of time vindicated now that Puteri Cove Residences it would take her to travel from her current is completed: This month, the twin 32-storey home in Jurong to the CBD or Orchard Road. towers containing 329 units each have obtained In return, she will enjoy a quality of life their Certificate of Completion and Compliance that she aspires to have in Singapore — “but (CCC), the equivalent of the Temporary Occu- at one fifth the cost”, she reckons. After all, pation Permit in Singapore. So far, 80% of the her three-bedroom apartment is a sizeable units have been sold. 1,200 sq ft, tagged at RM1.7 million to RM1.8 When Puteri Cove Residences was first million in 2015. The unit will be handed over launched in October 2013, prices averaged The grand lounge at Puteri Cove Residences to her fully furnished, according to the theme RM1,250 psf, which was at a premium to those she has chosen, “Elegance”, for which she at some of the projects that were launched a paid a top-up of less than $100,000. The total year earlier. For instance, prices at some de- package for the fully furnished unit amounts velopments in Medini, Johor Bahru city centre to just under $620,000, based on the current and elsewhere in Puteri Harbour were RM700 exchange rate of $1 to RM2.96. psf. “Some buyers were seduced by the low- er prices,” says Chan. ‘Today, some of these Stretching the dollar projects are still priced at RM700 psf. What it For that amount, Lai will enjoy a premium tells you is that buying cheap does not neces- condo unit with freehold tenure and unparal- sarily guarantee price appreciation.” leled views of the swimming pool, the mari- At Puteri Cove Residences, on the other na and the sea beyond. She is looking forward hand, asking prices today are hovering in the to entertaining her friends and relatives at her range of RM1,400 to RM1,600 psf. “If you buy new home — there are eight function rooms in prime property, it has scarcity value,” says Chan. Puteri Cove Residences — as well as enjoying For early buyers of Puteri Cove Residences the 30 different facilities ranging from gyms, a such as Singaporean K S Leong, that is good 50m lap pool and jacuzzi pool to tennis courts news. Leong purchased his unit — a three-bed- and landscaped garden. room apartment of about 1,200 sq ft on the 13th While the spectre of vacant apartments — floor of Tower 1 — four years ago. He paid about tell-tale signs of an oversupply — continues RM1.6 million (RM1,333 psf) for it. Even though to haunt Iskandar Malaysia, Lai believes Put- he has no intention of selling his unit, he is hap- The mail room of Puteri Cove Residences is designed like a bank vault for safe deposits eri Cove Residences will prove to be an ex- py to know that he is sitting on a paper gain. EDGEPROP | FEBRUARY 26, 2018 • EP9 COVER STORY

The show unit of a 1,750 sq ft, three-bedroom unit at Tower 1 with This two-bedroom unit at Puteri Cove Residences has an ‘Art’ theme A three-bedroom unit furnished according to the ‘Elegance’ theme 270º views is priced at RM3 million and has a ‘Bali’ theme

Right from the start, Leong had intended will occupy 15,000 sq ft; Yi Jia Chinese res- fles Education Group. It joins the prestigious development over the past 30 years, especial- to purchase the unit at Puteri Cove Residences taurant with a three-in-one concept compris- Marlborough College, University of Reading, ly in Punggol. He recounts how his brother- as a weekend home for his family, as he has ing a dim sum restaurant, bar and banquet University of Southampton and Newcastle Uni- in-law had queued for an HDB flat in Punggol two young children. room housed in a two-storey standalone pa- versity of Medicine, which make up EduCity. 25 years ago. “At the time, Punggol was con- vilion; as well as an artisan grocer cum café Meanwhile, Ascendas Tech Park and Mit- sidered to be in the boondocks,” says Chan. Furniture package with 11 themes that will feature new-to-market wellness prod- sui Tech Park have both opened, as has IKEA However, today, the Singapore government is While Leong recognises that he paid a premi- ucts offered by agropreneurs under the Malay- logistics park, with the biggest Ikea store in positioning Punggol North as the “new digital um for his unit at Puteri Cove Residences, he sian Agricultural Research and Development Southeast Asia. South Korea’s giant cosmetics district” for digital and cybersecurity compa- feels it was “a good thing”. After all, the proper- Institute (Mardi). company Amorepacific Corp is also building a nies that is expected to generate 28,000 jobs ty will be handed over to him fully furnished in Pacific Star intends to position Quayside new factory next to Ikea. The factory will be in the future. the “Marina” theme he chose. “That’s the add- as a dedicated F&B destination, says Kam Tin its largest outside of South Korea. Alpha Marketing’s Khoo concurs. “For a new ed convenience,” says the 45-year-old. “This is Seah, the company’s chief operating officer. “All these new developments translate township that is only 10 years old and was pre- unlike some of the other projects in Malaysia The strata retail units will not be offered for into increased white-collar jobs, especially viously just jungle and oil palm plantations, that I’ve seen, where the flooring is not done, sale yet, he adds. for mid- and high-level executives, and a rise the progress at Iskandar Puteri has been re- the kitchen is not fully fitted and the tiles are The third high-rise tower at Puteri Cove Res- in the middle-income population, as well as markable,” he says. “It is very much like when made locally. As foreigners, if we want bet- idences will contain 340 serviced apartments demand for housing in Iskandar Puteri,” says Singapore first started developing Punggol.” ter-quality finishing, we wouldn’t know how branded Pan Pacific Serviced Suites and will Pacific Star’s Chan. to go about looking for a contractor and it will be managed by Pan Pacific Hotels Group, the Many foreigners, such as Koreans, Japa- Positive sentiment probably cost a lot more to do it on our own.” hospitality arm of Singapore-listed property nese and Chinese as well as Singapore expatri- Being new and master-planned, Iskandar Put- According to Pacific Star’s Chan, buyers of developer UOL Group. The tower will obtain ates, are sending their children to internation- eri attracts Singaporeans and other foreign- Puteri Cove Residences are made up of 28 na- CCC in June. al schools at Iskandar Malaysia. Some are also ers who prefer it to Johor Bahru city centre, tionalities. About half of them are Singapore Pacific Star is looking to launch the re- setting up small businesses or opening new fac- which is more haphazard in its town plan- citizens, of which 70% have indicated they maining units at Puteri Cove Residences and tories here, notes Ryan Khoo, founder and di- ning, notes Khoo. were buying the units for their own use — ei- the SOHO units in early March, according to rector of Alpha Marketing, a real estate consul- “The high-end residential property market ther as a primary residence, like Lai, or as a Kam. The SOHO units on the first and third tancy that specialises in Iskandar Malaysia. “As in Iskandar Malaysia is heavily influenced by weekend home, like Leong. Malaysians make levels have a double-volume ceiling height of the oversupply gets absorbed in the next few Singaporean buyers and mirrors Singapore up about 20% of the buyers, followed by Indo- 4.8m and come with a mezzanine floor that years and more lifestyle amenities and servic- property prices as well,” he adds. “Singapore nesians (11%) and Koreans, who account for can be converted into a work loft or an addi- es are in place, buying interest from Singapore saw a correction that started from the middle 5% to 6% but are among the fastest-growing. tional bedroom. The third-level SOHO units buyers will return, especially once they see the of 2013, and the high-end residential market It is because the majority of the buyers will have a rooftop jacuzzi that can fit six peo- RTS [rapid transit system] and HSR [high-speed in Iskandar Malaysia was likewise affected by are foreigners that Pacific Star decided to of- ple, while the first-level SOHO units boast a rail] coming up.” fears of an oversupply, property cooling meas- fer them the option of a furnishing package plunge pool. SOHO units on the second level Last November, Iskandar Puteri, Johor’s ad- ures by Malaysian government in 2014 and an with 11 themes, for instance, Bali, Bondi, El- have a 3.5m ceiling height. The SOHO units, ministrative capital, was declared Malaysia’s erosion in buyer sentiment.” egance and Marina. The packages range from which are also freehold and have direct ma- 14th city. Unlike Johor Bahru, Iskandar Puteri As sentiment in the Singapore property mar- $60,000 to $100,000. rina frontage, will be priced from RM2.3 mil- is a master-planned new urban area with prop- ket has turned positive, interest in Iskandar Ma- lion ($777,027). er infrastructure in place. It will also be a bene- laysia has revived, notes Peter Lim, founder of Freehold, at a fraction of Sentosa The private marina and clubhouse at Puteri ficiary of the Singapore-Kuala Lumpur HSR, as Pierre International and a veteran in marketing Cove’s prices Cove will be managed by Singapore group SUTL one of the stations will be located there. Iskandar Malaysia real estate. He has seen an Puteri Harbour was Malaysia’s answer to Singa- Enterprise under its One°15 brand. The One°15 increase in enquiries on property in Iskandar pore’s Sentosa Cove, a waterfront residential re- private marina will have a clubhouse that is larg- ‘Like Punggol’ Malaysia since the signing of the bilateral agree- sort catering to well-heeled international home- er than the one at Sentosa Cove and around the Puteri Harbour is located within Iskandar Put- ment on the Johor Bahru-Singapore RTS Link buyers. Even though Sentosa Cove’s prices have same number of berths (278). SUTL also inked eri. Pacific Star had purchased the site at Puteri between the two countries’ prime ministers last softened, based on the exchange rate, prices at a deal with UEM Sunrise Bhd to develop and Harbour for the development of Puteri Cove month. “The prospect of RTS and HSR coming Puteri Cove Residences are still a third that of manage a 148-berth public marina and a mega Residences and The Quayside in 2012 jointly online has certainly lifted sentiment,” he adds. similar products in Sentosa Cove. While Sento- yacht marina for up to 14 vessels at Puteri Har- with niche Singapore developer DB2 Land. “I Other impetus included the easing of toll sa Cove developments are all 99-year leasehold, bour. These marinas will also be branded One°15. believe in only one place in Iskandar Malaysia charges at the Woodlands checkpoint since Puteri Cove Residences has freehold tenure. and that’s Puteri Harbour, as it has the mak- February and the recent introduction of an ad- The latest transaction at Sentosa Cove was Growth factors ings of an international waterfront city, and it ditional 1% in buyer’s stamp duty for proper- for a 1,711 sq ft, three-bedroom unit at The The latest international school to open at Iskan- is freehold,” says Chan. ties priced above $1 million. “That provided Oceanfront, which changed hands for $2.9 mil- dar Malaysia is the new campus of The Raffles He feels that the development of Iskandar the extra push for prospective homebuyers to lion ($1,694 psf), according to a caveat lodged American School, part of Singapore-listed Raf- Puteri is no different from Singapore’s urban look across the Causeway,” notes Lim. earlier this month. PACIFIC STAR At Puteri Cove Residences, the remaining Seeking growth three-bedroom unit at Tower 1 — on the 26th The improvement in sentiment in Singapore floor and with an area of 1,750 sq ft and 270º has also encouraged Pacific Star to look home- views — is priced at around RM3 million. ward. The group is considering sites of up to A RM1.75 billion mixed-use development that $100 million in joint ventures with other de- sits on 340,000 sq ft of freehold land fronting velopers. The focus will be on en bloc sites in the marina, Puteri Cove Residences comes with the prime districts, Chan says. a five-storey commercial podium called Quay- Listed via a $140 million reverse takeover side. There are 56 SOHO, or small office/home of LH Group a year ago, Pacific Star reported a office, units on the upper three floors as well as 78.3% y-o-y increase in its 4QFY2017 revenue 78 strata retail and F&B units on the lower two to $30.7 million on Feb 12. This was mainly floors. Quayside also obtained CCC this month. attributed to sales from Puteri Cove Residenc- es. Revenue for the full 12 months jumped Mixed-use 42% to $83.9 million. Gross profit likewise Quayside at Puteri Cove Residences has about leapt 76.2% to $14.7 million in 4QFY2017 and 120,000 sq ft of lettable space, which is three 39.4% to $40.4 million for the full 12 months. times the size of the retail space at The Quay- According to Chan, Pacific Star is exploring side Isle in Sentosa Cove. Tenants include the opportunities in Singapore, Iskandar Malaysia Pasar by MASLEE, a gourmet supermarket that The infinity pool, one of 30 shared facilities within Puteri Cove Residences and elsewhere in the Asean region. E EP10 • EDGEPROP | FEBRUARY 26, 2018 DONE DEALS Richmond Park prices return to pre-2013 levels of above $2,600 psf

SAMUEL ISAAC CHUA/THE EDGE SINGAPORE | BY ANGELA TEO | that the premium in a collective sale will be Another luxury development launched attractive for owners, says an industry player. during the property boom of 2007 was the wo units at the freehold Richmond At the height of the last property cycle freehold Scotts Square, which sits be- Park on Bideford Road in prime District in 2007, when anticipation of the Integrat- tween Grand Hyatt Singapore and Singa- 9 were sold on Feb 1 and 12 at $2,668 ed Resorts (IRs) drew foreign buyers to pore Marriott Tang Plaza Hotel on Scotts psf and $2,903 psf, respectively, mark- residential properties in Singapore, prices Road. The project’s two residential tow- ing the second and third time prices at at condominiums within and near the Or- ers, which have 338 units in total, sit on Tthe development have risen past the $2,600 psf chard area rose above $5,000 psf. top of a four-floor retail podium. mark since the government introduced prop- In July 2007, three of the four available In August 2007, a caveat was lodged erty cooling measures in 2013. penthouses at the 99-year leasehold The Or- for a 1,249 sq ft, three-bedroom unit on Since the sale of a 3,380 sq ft penthouse at chard Residences fetched between $5,400 the 20th floor of Scotts Square. The buy- Richmond Park for $2,959 psf in August 2012 and $5,600 psf, making it the second condo er bought the unit from Singapore prop- — the highest psf price achieved at the devel- after the freehold The Marq on Paterson erty developer Wheelock Properties for opment, according to caveats lodged with URA Hill to achieve prices above $5,000 psf. At $4.9 million ($3,911 psf). Another cave- Realis as at Feb 21 — prices at Richmond Park The Orchard Residences, penthouses were at was then lodged for a sub-sale of the have fallen below $2,600 psf up until end-2017. between 4,200 and 5,000 sq ft. unit on the same day for $5.1 million In December 2017, a 1,733 sq ft, three-bedroom Foreigners have been returning to the ($4,071 psf), nearly $200,000 above its unit on the fifth floor went for $2,712 psf. The market, having factored in the additional purchase price. absolute price was $4.7 million. buyer’s stamp duty rate increases of 2013, On Feb 1 this year, the unit was sold The most recent transactions at the develop- according to Leong Boon Hoe, chief oper- for $3.8 million ($3,003 psf) in a resale ment involved a 1,012 sq ft, two-bedroom unit ating officer at List Sotheby’s International transaction, according to URA caveat data. on the 13th floor, which fetched $2.7 million Realty, Singapore. Last year, 1,542 foreign This is still short of the prices achieved ($2,668 psf), and a 1,550 sq ft, three-bedroom buyers (non-permanent residents) bought when the project was first launched a unit on the 22nd floor, sold for $4.5 million residential properties here, a 44% increase decade ago, when units fetched between ($2,903 psf), the second-highest unit price at compared with 1,071 in 2016. However, this $4,006 and $4,451 psf. the development, based on URA caveat data. still has some way to go if it were to match List Sotheby’s International Realty’s One unit was snapped up by a Singaporean, or surpass the 3,086 foreign buyers who Leong reckons that the current price re- while the other was by an Indonesian buyer. purchased residential properties in 2007. covery in the private residential market Completed in 1996 by DBS Land, now part The latest transaction at The Orchard still has legs. “Barring any unforeseen of Singapore property giant CapitaLand, the Residences achieved $3,371 psf. Accord- Two units at the freehold Richmond Park on Bideford Road in circumstances, we may see new pricing 159-unit Richmond Park is about 22 years old. ing to a URA caveat lodged on Feb 5, it in- prime District 9 were sold on Feb 1 and 12 at $2,668 psf and benchmarks being set at choice locations The age of the development, its freehold status volved a 2,174 sq ft, three-bedroom unit $2,903 psf, respectively when collective sale redevelopment pro- and prime location behind The Paragon shop- that was snapped up by a Taiwanese buy- jects are launched for sale,” he says. ping centre suggest that the property has col- er for $8.1 million. Orchard Residences has 175 units. Completed “The cooling measures and the latest change lective sale potential. Developed by a 50:50 joint-venture compa- in 2011, a year after ION Orchard opened, The in buyer’s stamp duty rates should continue to However, with the competitive resale prices ny between CapitaLand and Hong Kong real Orchard Residences sits above the mall, which guide prices towards a sustainable uptrend,” fetched by units at the development, it is unlikely estate developer Sun Hung Kai Properties, The was built by the same JV company. adds Leong. E

LOCALITIES DISTRICTS LAND AREA/ NETT UNIT Singapore — by postal district FLOOR AREA TRANSACTED PRICE PRICE COMPLETION TYPE OF City & Southwest 1 to 8 PROJECT PROPERTY TYPE TENURE SALE DATE (SQ FT) PRICE ($) ($) ($ PSF) DATE SALE Orchard/Tanglin/Holland 9 and 10 QUEENS PEAK Condominium 99 years Feb 10, 2018 807 1,368,000 - 1,695 Uncompleted New Sale Newton/Bukit Timah/Clementi 11 and 21 QUEENS PEAK Condominium 99 years Feb 09, 2018 936 1,666,000 - 1,779 Uncompleted New Sale Balestier/MacPherson/Geylang 12 to 14 RIVER PLACE Condominium 99 years Feb 12, 2018 872 1,260,000 - 1,445 2000 Resale RIVER PLACE Condominium 99 years Feb 05, 2018 807 1,100,000 - 1,363 2000 Resale East Coast 15 and 16 THE ANCHORAGE Condominium Freehold Feb 09, 2018 1,206 1,520,000 - 1,261 1997 Resale Changi/Pasir Ris 17 and 18 THE CREST Condominium 99 years Feb 12, 2018 1,173 2,434,000 - 2,075 2017 Resale Serangoon/Thomson 19 and 20 THE CREST Condominium 99 years Feb 05, 2018 1,615 3,148,000 - 1,950 2017 Resale West 22 to 24 THE CREST Condominium 99 years Feb 02, 2018 1,324 2,426,000 - 1,832 2017 Resale District 4 North 25 to 28 CARIBBEAN AT KEPPEL BAY Condominium 99 years Feb 12, 2018 893 1,370,000 - 1,533 2004 Resale CARIBBEAN AT KEPPEL BAY Condominium 99 years Feb 02, 2018 1,249 1,920,000 - 1,538 2004 Resale CORALS AT KEPPEL BAY Condominium 99 years Feb 05, 2018 1,259 2,309,000 - 1,833 2016 Resale CORALS AT KEPPEL BAY Condominium 99 years Feb 01, 2018 1,302 2,400,000 - 1,843 2016 Resale REFLECTIONS AT KEPPEL BAY Condominium 99 years Feb 02, 2018 1,119 1,660,000 - 1,483 2011 Resale THE BERTH BY THE COVE Condominium 99 years Feb 12, 2018 3,079 3,418,000 - 1,110 2006 Resale THE INTERLACE Condominium 99 years Feb 06, 2018 5,726 4,500,000 - 786 2013 Resale THE INTERLACE Condominium 99 years Feb 06, 2018 1,055 1,400,000 - 1,327 2013 Resale THE OCEANFRONT @ SENTOSA COVE Condominium 99 years Feb 08, 2018 1,711 2,900,000 - 1,694 2010 Resale THE PEARL @ MOUNT FABER Condominium 99 years Feb 02, 2018 1,163 1,350,000 - 1,161 2005 Resale District 5 BIJOU Apartment Freehold Feb 02, 2018 570 1,116,050 1,110,098 1,946 Uncompleted New Sale BLUE HORIZON Condominium 99 years Feb 09, 2018 958 900,000 - 939 2005 Resale BOTANNIA Condominium 956 years Feb 12, 2018 1,270 1,535,000 - 1,209 2009 Resale FABER CREST Condominium 99 years Feb 05, 2018 1,744 1,600,000 - 918 2001 Resale HERITAGE VIEW Condominium 99 years Feb 13, 2018 969 1,150,000 - 1,187 2000 Resale HUNDRED TREES Condominium 956 years Feb 13, 2018 700 840,000 - 1,201 2013 Resale MONTEREY PARK CONDOMINIUM Condominium 999 years Feb 05, 2018 1,389 1,603,000 - 1,154 2005 Resale MONTEREY PARK Residential transactions with contracts dated Feb 1 to 13 CONDOMINIUM Condominium 999 years Feb 02, 2018 1,625 1,900,000 - 1,169 2005 Resale PARC RIVIERA * Condominium 99 years Feb 07, 2018 1,184 1,506,000 - 1,272 Uncompleted New Sale PARC RIVIERA Condominium 99 years Feb 05, 2018 646 797,000 - 1,234 Uncompleted New Sale LAND AREA/ NETT UNIT PARC RIVIERA Condominium 99 years Feb 03, 2018 1,152 1,555,125 - 1,350 Uncompleted New Sale FLOOR AREA TRANSACTED PRICE PRICE COMPLETION TYPE OF REGENT PARK Condominium 99 years Feb 06, 2018 1,130 1,120,000 - 991 1997 Resale PROJECT PROPERTY TYPE TENURE SALE DATE (SQ FT) PRICE ($) ($) ($ PSF) DATE SALE THE CLEMENT CANOPY Apartment 99 years Feb 11, 2018 1,109 1,640,000 - 1,479 Uncompleted New Sale District 1 THE CLEMENT CANOPY Apartment 99 years Feb 09, 2018 1,163 1,542,000 - 1,326 Uncompleted New Sale MARINA BAY RESIDENCES Condominium 99 years Feb 09, 2018 1,066 2,180,000 - 2,046 2010 Resale THE CLEMENT CANOPY Apartment 99 years Feb 01, 2018 990 1,459,000 - 1,473 Uncompleted New Sale MARINA ONE RESIDENCES Apartment 99 years Feb 08, 2018 1,141 2,481,260 - 2,175 2017 New Sale THE ESTIVA Apartment Freehold Feb 02, 2018 1,001 1,250,000 - 1,249 2008 Resale MARINA ONE RESIDENCES Apartment 99 years Feb 07, 2018 1,012 2,420,000 - 2,392 2017 Sub Sale THE TRILINQ Condominium 99 years Feb 01, 2018 1,346 1,756,000 - 1,305 2017 New Sale PEOPLE’S PARK COMPLEX Apartment 99 years Feb 02, 2018 409 510,000 - 1,247 1972 Resale TREASURE PLACE Condominium Freehold Feb 02, 2018 1,324 1,550,000 - 1,171 2006 Resale THE CLIFT Apartment 99 years Feb 02, 2018 527 1,053,000 - 1,996 2011 Resale WESTCOVE CONDOMINIUM Condominium 99 years Feb 08, 2018 1,130 1,000,000 - 885 1998 Resale V ON SHENTON Apartment 99 years Feb 06, 2018 1,033 2,130,000 - 2,061 2017 Sub Sale District 7 V ON SHENTON Apartment 99 years Feb 04, 2018 484 1,326,528 - 2,739 2017 New Sale DUO RESIDENCES Apartment 99 years Feb 08, 2018 1,927 4,128,300 - 2,143 2017 New Sale District 2 DUO RESIDENCES Apartment 99 years Feb 05, 2018 1,927 4,145,000 - 2,151 2017 New Sale DORSETT RESIDENCES Apartment 99 years Feb 09, 2018 764 1,400,000 - 1,832 2013 Resale DUO RESIDENCES Apartment 99 years Feb 05, 2018 1,927 4,000,000 - 2,076 2017 New Sale ICON Apartment 99 years Feb 02, 2018 570 1,038,000 - 1,819 2007 Resale District 8 District 3 70@TRURO Apartment Freehold Feb 05, 2018 495 924,908 - 1,868 Uncompleted New Sale ALESSANDREA Apartment Freehold Feb 02, 2018 1,001 1,370,000 - 1,369 2003 Resale CITY SQUARE RESIDENCES Condominium Freehold Feb 13, 2018 570 1,050,000 - 1,841 2008 Resale ARTRA * Apartment 99 years Feb 11, 2018 1,227 1,889,800 - 1,540 Uncompleted New Sale CITYLIGHTS Condominium 99 years Feb 02, 2018 678 1,050,000 - 1,548 2007 Resale ARTRA Apartment 99 years Feb 10, 2018 1,227 2,137,600 - 1,742 Uncompleted New Sale KENTISH COURT Apartment 99 years Feb 02, 2018 1,044 1,015,000 - 972 1999 Resale ARTRA Apartment 99 years Feb 10, 2018 1,044 1,870,100 - 1,791 Uncompleted New Sale PRISTINE HEIGHTS Apartment Freehold Feb 07, 2018 732 1,000,000 - 1,366 2009 Resale HIGHLINE RESIDENCES * Condominium 99 years Feb 09, 2018 2,174 4,560,000 - 2,097 Uncompleted New Sale STURDEE RESIDENCES Condominium 99 years Feb 09, 2018 1,302 2,077,000 - 1,595 Uncompleted New Sale HIGHLINE RESIDENCES Condominium 99 years Feb 07, 2018 1,152 2,314,500 - 2,010 Uncompleted New Sale STURDEE RESIDENCES Condominium 99 years Feb 05, 2018 1,399 2,409,676 - 1,722 Uncompleted New Sale HIGHLINE RESIDENCES Condominium 99 years Feb 04, 2018 1,130 2,046,250 - 1,810 Uncompleted New Sale STURDEE RESIDENCES Condominium 99 years Feb 04, 2018 1,399 2,435,000 - 1,740 Uncompleted New Sale QUEENS Condominium 99 years Feb 05, 2018 1,410 1,680,000 - 1,191 2002 Resale STURDEE RESIDENCES Condominium 99 years Feb 01, 2018 947 1,449,800 - 1,531 Uncompleted New Sale QUEENS PEAK * Condominium 99 years Feb 11, 2018 1,055 1,810,000 - 1,716 Uncompleted New Sale TYRWHITT 139 Apartment Freehold Feb 05, 2018 893 900,000 - 1,007 2009 Resale QUEENS PEAK Condominium 99 years Feb 10, 2018 807 1,381,000 - 1,711 Uncompleted New Sale District 9 QUEENS PEAK Condominium 99 years Feb 10, 2018 807 1,343,000 - 1,664 Uncompleted New Sale 2 RVG Apartment Freehold Feb 06, 2018 893 1,730,000 - 1,936 2006 Resale EDGEPROP | FEBRUARY 26, 2018 • EP11 DONE DEALS

Residential transactions with contracts dated Feb 1 to 13

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 8 @ MOUNT SOPHIA Condominium 103 years Feb 09, 2018 915 1,482,300 - 1,620 2007 Resale WOODSVILLE 28 Apartment 99 years Feb 08, 2018 904 1,128,000 - 1,248 2011 Resale 8 RODYK Apartment Freehold Feb 06, 2018 1,432 2,850,000 - 1,991 2011 Resale District 14 GAMBIER COURT Apartment 99 years Feb 09, 2018 1,163 1,350,000 - 1,161 1999 Resale ASTON MANSIONS Apartment 99 years Feb 09, 2018 1,163 960,000 - 826 1998 Resale LANGSTON VILLE Apartment 999 years Feb 05, 2018 947 1,370,000 - 1,446 2000 Resale ASTORIA PARK Condominium 99 years Feb 05, 2018 850 955,000 - 1,123 1995 Resale MARTIN MODERN Condominium 99 years Feb 10, 2018 1,087 3,012,000 - 2,771 Uncompleted New Sale CASSIA VIEW Apartment Freehold Feb 01, 2018 1,206 1,350,000 - 1,120 1998 Resale MARTIN MODERN Condominium 99 years Feb 03, 2018 764 2,029,500 - 2,656 Uncompleted New Sale DAKOTA RESIDENCES Condominium 99 years Feb 08, 2018 1,356 1,720,000 - 1,268 2010 Resale MARTIN NO 38 Apartment Freehold Feb 09, 2018 969 2,280,000 - 2,354 2011 Resale D’WEAVE Apartment Freehold Feb 12, 2018 1,044 980,000 - 939 2014 Resale MARTIN PLACE RESIDENCES Condominium Freehold Feb 07, 2018 1,421 2,990,000 - 2,104 2011 Resale EUHABITAT Condominium 99 years Feb 07, 2018 538 650,000 - 1,208 2015 Resale MOUNT SOPHIA SUITES Apartment Freehold Feb 08, 2018 678 1,128,000 - 1,663 2010 Resale GUILLEMARD EDGE Apartment Freehold Feb 13, 2018 441 668,000 - 1,514 2014 Resale MOUNT SOPHIA SUITES Apartment Freehold Feb 02, 2018 549 900,000 - 1,639 2010 Resale GUILLEMARD EDGE Apartment Freehold Feb 12, 2018 409 630,000 - 1,540 2014 Resale NEW FUTURA * Condominium Freehold Feb 13, 2018 2,691 8,764,000 - 3,257 2017 Resale JALAN EUNOS Semi-Detached Freehold Feb 12, 2018 3,509 3,700,000 - 1,054 1993 Resale NEW FUTURA Condominium Freehold Feb 09, 2018 2,250 7,412,800 - 3,295 2017 Resale LE CRESCENDO Condominium Freehold Feb 01, 2018 947 1,160,000 - 1,225 2006 Resale NEW FUTURA Condominium Freehold Feb 09, 2018 1,830 6,192,000 - 3,384 2017 Resale LORONG MARICAN Semi-Detached Freehold Feb 09, 2018 3,326 3,380,000 - 1,015 1981 Resale PARC EMILY Condominium Freehold Feb 07, 2018 990 1,700,000 - 1,717 2008 Resale MERA EAST Apartment Freehold Feb 01, 2018 1,216 1,418,000 - 1,166 2007 Resale RHAPSODY ON PAYA LEBAR RESIDENCES Apartment Freehold Feb 12, 2018 1,292 1,480,000 - 1,146 2002 Resale MOUNT ELIZABETH Apartment Freehold Feb 09, 2018 1,044 2,320,000 - 2,222 2010 Resale SIMS DORADO Apartment Freehold Feb 06, 2018 958 1,125,000 - 1,174 2008 Resale RICHMOND PARK Condominium Freehold Feb 12, 2018 1,012 2,700,000 - 2,668 1996 Resale SIMS GREEN Apartment 99 years Feb 07, 2018 2,099 1,395,000 - 665 2003 Resale RICHMOND PARK Condominium Freehold Feb 01, 2018 1,550 4,500,000 - 2,903 1996 Resale SIMS URBAN OASIS * Condominium 99 years Feb 10, 2018 1,733 2,469,800 - 1,425 2017 New Sale SCOTTS 28 Condominium Freehold Feb 13, 2018 1,733 3,050,000 - 1,760 1998 Resale SIMS URBAN OASIS Condominium 99 years Feb 06, 2018 958 1,332,700 - 1,391 2017 New Sale SCOTTS 28 Condominium Freehold Feb 06, 2018 1,658 3,418,800 - 2,062 1998 Resale SIMS URBAN OASIS Condominium 99 years Feb 03, 2018 1,033 1,613,800 - 1,562 2017 New Sale SCOTTS HIGHPARK Condominium Freehold Feb 12, 2018 1,744 3,250,000 - 1,864 2009 Resale SIMSVILLE Condominium 99 years Feb 12, 2018 1,249 1,080,000 - 865 1998 Resale SCOTTS SQUARE Apartment Freehold Feb 01, 2018 1,249 3,750,000 - 3,003 2011 Resale THE ALCOVE Apartment 99 years Feb 09, 2018 1,324 1,100,000 - 831 2004 Resale SOPHIA HILLS Condominium 99 years Feb 10, 2018 570 1,297,000 - 2,273 Uncompleted New Sale THE NAVIAN Apartment Freehold Feb 03, 2018 646 1,064,112 - 1,648 Uncompleted New Sale SOPHIA HILLS Condominium 99 years Feb 03, 2018 570 1,332,000 - 2,335 Uncompleted New Sale THE NAVIAN Apartment Freehold Feb 02, 2018 646 1,054,035 - 1,632 Uncompleted New Sale ST THOMAS SUITES Condominium Freehold Feb 08, 2018 2,013 3,930,000 - 1,952 2010 Resale THE SANCTUARY @ GEYLANG Apartment Freehold Feb 06, 2018 560 700,000 - 1,251 2014 Resale SUITES AT ORCHARD Apartment 99 years Feb 08, 2018 614 1,390,000 - 2,266 2014 Resale THE WATERINA Apartment Freehold Feb 12, 2018 1,346 1,700,000 - 1,263 2005 Resale THE IMPERIAL Condominium Freehold Feb 09, 2018 990 1,900,000 - 1,919 2006 Resale TRE RESIDENCES Condominium 99 years Feb 08, 2018 861 1,260,000 - 1,463 Uncompleted New Sale THE METZ Condominium Freehold Feb 05, 2018 1,496 3,500,000 - 2,339 2007 Resale VACANZA @ EAST Condominium Freehold Feb 13, 2018 2,400 2,150,000 - 896 2014 Resale THE METZ Condominium Freehold Feb 01, 2018 581 1,400,000 - 2,409 2007 Resale VACANZA @ EAST Condominium Freehold Feb 08, 2018 1,023 1,180,000 - 1,154 2014 Resale THE ORCHARD RESIDENCES Apartment 99 years Feb 05, 2018 2,174 8,112,000 - 3,731 2010 Resale WATERBANK AT DAKOTA Condominium 99 years Feb 12, 2018 1,141 1,810,000 - 1,586 2013 Resale UP@ROBERTSON QUAY Apartment 99 years Feb 12, 2018 1,378 2,620,000 - 1,902 2015 Resale WATERBANK AT DAKOTA Condominium 99 years Feb 05, 2018 484 810,000 - 1,672 2013 Resale District 10 WATERBANK AT DAKOTA Condominium 99 years Feb 02, 2018 624 1,070,000 - 1,714 2013 Resale ASTRIDVILLE Condominium Freehold Feb 02, 2018 2,433 3,250,000 - 1,336 1985 Resale WING FONG COURT Apartment Freehold Feb 09, 2018 990 730,000 - 737 1997 Resale CITY TOWERS Apartment Freehold Feb 07, 2018 162,719 401,933,798 - 2,470 Unknown Resale WING FONG MANSIONS Apartment Freehold Feb 05, 2018 990 780,000 - 788 1997 Resale DE LENTE Apartment Freehold Feb 13, 2018 1,033 1,500,000 - 1,452 2002 Resale District 15 D’LEEDON Condominium 99 years Feb 12, 2018 1,270 2,080,000 - 1,638 2014 Resale 11 AMBER ROAD Apartment Freehold Feb 06, 2018 1,507 2,100,000 - 1,394 2004 Resale D’LEEDON Condominium 99 years Feb 02, 2018 1,076 1,700,000 - 1,579 2014 Resale 16 @ AMBER Apartment Freehold Feb 08, 2018 667 1,050,000 - 1,573 2014 Resale DUCHESS CREST Condominium 99 years Feb 02, 2018 1,711 2,185,000 - 1,277 1998 Resale 16 @ AMBER Apartment Freehold Feb 02, 2018 710 1,180,000 - 1,661 2014 Resale DUCHESS CREST Condominium 99 years Feb 02, 2018 1,701 2,120,000 - 1,247 1998 Resale 38 I SUITES Apartment Freehold Feb 06, 2018 667 950,000 - 1,424 2014 Resale EDEN PARK Detached Freehold Feb 01, 2018 6,297 11,000,000 - 1,748 1994 Resale AMBER ROAD Semi-Detached Freehold Feb 02, 2018 2,896 8,888,888 - 3,070 Unknown Resale FAIRLODGE Apartment Freehold Feb 05, 2018 1,798 2,390,000 - 1,330 1999 Resale AMBER ROAD Semi-Detached Freehold Feb 02, 2018 2,723 7,510,000 - 2,759 Unknown Resale GLENTREES Condominium 999 years Feb 02, 2018 1,991 2,650,000 - 1,331 2005 Resale AMBER SKYE Apartment Freehold Feb 08, 2018 1,119 2,325,000 - 2,077 2017 Resale GOODWOOD RESIDENCE Condominium Freehold Feb 09, 2018 2,928 7,612,800 - 2,600 2013 Resale CANTIZ @ RAMBAI Apartment Freehold Feb 08, 2018 1,507 1,388,888 - 922 2010 Resale GRAMERCY PARK Condominium Freehold Feb 07, 2018 1,970 6,258,870 - 3,177 2016 Resale CARPMAEL ROAD Terrace Freehold Feb 13, 2018 2,852 3,240,000 - 1,134 1966 Resale GRAMERCY PARK Condominium Freehold Feb 01, 2018 1,981 6,087,150 - 3,073 2016 Resale CARPMAEL THIRTY-EIGHT Apartment Freehold Feb 11, 2018 721 1,223,495 - 1,696 Uncompleted New Sale HOLLAND HILL LODGE Apartment Freehold Feb 08, 2018 538 820,000 - 1,524 1997 Resale CARPMAEL THIRTY-EIGHT Apartment Freehold Feb 11, 2018 1,259 2,051,090 - 1,629 Uncompleted New Sale HOLLAND RESIDENCES Condominium Freehold Feb 01, 2018 1,916 2,965,000 - 1,548 2012 Resale CEYLON ROAD Detached Freehold Feb 07, 2018 5,845 5,950,000 - 1,019 Unknown Resale JALAN HAROM SETANGKAI Semi-Detached Freehold Feb 12, 2018 3,154 6,200,000 - 1,969 Unknown Resale COSTA RHU Condominium 99 years Feb 08, 2018 1,399 1,500,000 - 1,072 1997 Resale KASTURINA LODGE Apartment Freehold Feb 05, 2018 753 1,200,000 - 1,593 1999 Resale COTE D’AZUR Condominium 99 years Feb 09, 2018 1,109 1,325,000 - 1,195 2004 Resale LOFT@HOLLAND Apartment Freehold Feb 02, 2018 323 800,000 - 2,477 2014 Resale COTE D’AZUR Condominium 99 years Feb 08, 2018 1,152 1,570,000 - 1,363 2004 Resale MADISON RESIDENCES Condominium Freehold Feb 01, 2018 1,776 3,428,000 - 1,930 2012 Resale EASTCOVE RESIDENCES Apartment Freehold Feb 01, 2018 904 918,000 - 1,015 2002 Resale MELROSE PARK Condominium 999 years Feb 05, 2018 1,346 2,500,000 - 1,858 2000 Resale FERNWOOD TERRACES Terrace Freehold Feb 02, 2018 1,711 2,790,000 - 1,626 1992 Resale NAMLY CRESCENT # Semi-Detached Freehold Feb 09, 2018 12,691 16,000,000 - 1,261 Unknown Resale FLORA EAST Apartment Freehold Feb 01, 2018 1,453 1,340,000 - 922 1993 Resale ONE JERVOIS Condominium Freehold Feb 12, 2018 1,173 2,008,888 - 1,712 2009 Resale HAIG COURT Condominium Freehold Feb 12, 2018 1,550 2,380,000 - 1,535 2004 Resale ORANGE GROVE RESIDENCES Condominium Freehold Feb 05, 2018 2,207 4,200,000 - 1,903 2009 Resale JERSEY LODGE Apartment Freehold Feb 01, 2018 936 1,070,000 - 1,143 2000 Resale PALM SPRING Condominium Freehold Feb 13, 2018 1,496 2,450,000 - 1,637 1997 Resale JOO CHIAT ROAD Terrace Freehold Feb 09, 2018 1,518 2,850,000 - 1,874 Unknown Resale PARVIS Condominium Freehold Feb 06, 2018 1,701 3,200,000 - 1,882 2012 Resale MABELLE Apartment Freehold Feb 12, 2018 624 795,000 - 1,273 2009 Resale QUEEN’S ROAD Semi-Detached Freehold Feb 01, 2018 3,348 6,900,000 - 2,064 Unknown Resale MANDARIN GARDENS Condominium 99 years Feb 08, 2018 1,001 1,080,000 - 1,079 1986 Resale SHEARES VILLE Apartment Freehold Feb 08, 2018 1,528 2,550,000 - 1,668 2003 Resale MANDARIN GARDENS Condominium 99 years Feb 08, 2018 1,572 1,560,000 - 993 1986 Resale SIXTH AVENUE Terrace Freehold Feb 02, 2018 2,228 4,325,000 - 1,937 1993 Resale MARINE BLUE Condominium Freehold Feb 13, 2018 1,270 1,667,000 - 1,312 2016 Resale ST MARTIN RESIDENCE Condominium Freehold Feb 12, 2018 1,302 2,734,200 - 2,099 2001 Resale NEPTUNE COURT Apartment 99 years Feb 08, 2018 1,270 1,117,117 - 880 1975 Resale STUDIO 3 Apartment Freehold Feb 05, 2018 560 980,000 - 1,751 2005 Resale NEPTUNE COURT Apartment 99 years Feb 07, 2018 1,270 905,000 - 713 1975 Resale TANGLIN PARK Condominium Freehold Feb 09, 2018 1,033 1,950,000 - 1,887 1988 Resale ONE FORT Condominium Freehold Feb 06, 2018 1,206 1,825,000 - 1,514 2005 Resale TANGLIN REGENCY Condominium 99 years Feb 02, 2018 850 1,185,000 - 1,394 1998 Resale PALMERA RESIDENCE Apartment Freehold Feb 12, 2018 1,862 1,718,000 - 923 2010 Resale THE ASANA Apartment Freehold Feb 10, 2018 570 1,537,569 - 2,695 2017 New Sale PARC ELEGANCE Apartment Freehold Feb 06, 2018 1,173 1,150,000 - 980 2013 Resale THE ASANA Apartment Freehold Feb 03, 2018 570 1,539,949 - 2,699 2017 New Sale PARC SEABREEZE Apartment Freehold Feb 06, 2018 1,593 2,685,000 - 1,685 2012 Resale THE LOFT Condominium 99 years Feb 07, 2018 2,013 2,820,000 - 1,401 2002 Resale PARK EAST Condominium Freehold Feb 01, 2018 1,722 1,980,000 - 1,150 1994 Resale THE SIERRA Apartment 947 years Feb 02, 2018 980 1,288,000 - 1,315 1998 Resale PEBBLE BAY Condominium 99 years Feb 09, 2018 1,894 2,485,000 - 1,312 1997 Resale THE TESSARINA Condominium Freehold Feb 07, 2018 1,313 2,200,000 - 1,675 2003 Resale QUESTA @ DUNMAN Apartment Freehold Feb 05, 2018 786 1,130,000 - 1,438 2013 Resale THE TOMLINSON Apartment Freehold Feb 08, 2018 2,368 4,800,000 - 2,027 2002 Resale RIVEREDGE Condominium 99 years Feb 02, 2018 1,335 1,780,000 - 1,334 2008 Resale THREE BALMORAL Apartment Freehold Feb 09, 2018 1,539 3,488,000 - 2,266 2016 Resale SANCTUARY GREEN Condominium 99 years Feb 02, 2018 1,711 1,900,000 - 1,110 2003 Resale THREE THREE ROBIN Apartment Freehold Feb 06, 2018 1,711 3,450,000 - 2,016 2005 Resale SEASIDE RESIDENCES * Apartment 99 years Feb 08, 2018 560 982,000 - 1,754 Uncompleted New Sale TOMLINSON HEIGHTS Condominium Freehold Feb 02, 2018 4,047 12,000,000 - 2,965 2014 Resale SEASIDE RESIDENCES Apartment 99 years Feb 06, 2018 506 943,000 - 1,864 Uncompleted New Sale VALLEY PARK Condominium 999 years Feb 06, 2018 797 1,240,000 - 1,557 1997 Resale SEASIDE RESIDENCES Apartment 99 years Feb 06, 2018 560 942,000 - 1,683 Uncompleted New Sale VALLEY PARK Condominium 999 years Feb 01, 2018 3,272 5,100,000 - 1,559 1997 Resale SEAVIEW POINT Apartment Freehold Feb 09, 2018 1,389 2,000,000 - 1,440 1994 Resale District 11 SILVERSEA Condominium 99 years Feb 05, 2018 1,572 2,700,000 - 1,718 2014 Resale ADRIA Apartment Freehold Feb 12, 2018 1,485 2,700,000 - 1,818 2013 Resale STILLZ RESIDENCE Apartment Freehold Feb 06, 2018 829 925,000 - 1,116 2011 Resale AMARYLLIS VILLE Condominium 99 years Feb 07, 2018 980 1,515,000 - 1,547 2004 Resale SUITES@ KATONG Apartment Freehold Feb 01, 2018 334 535,000 - 1,603 2012 Resale BARKER TERRACES Terrace Freehold Feb 09, 2018 2,616 3,280,000 - 1,254 2006 Resale SUNNY PARC Apartment Freehold Feb 01, 2018 700 770,000 - 1,101 2011 Resale BUCKLEY CLASSIQUE Condominium Freehold Feb 05, 2018 1,475 2,868,000 - 1,945 2014 Resale THE ADARA Apartment Freehold Feb 09, 2018 1,550 1,600,000 - 1,032 2010 Resale CHANCERY LANE Terrace Freehold Feb 05, 2018 2,680 4,100,000 - 1,530 1991 Resale THE CHERRYWOOD Apartment Freehold Feb 13, 2018 1,722 1,500,000 - 871 2013 Resale CHANCERY LANE Terrace Freehold Feb 05, 2018 2,476 4,300,000 - 1,737 1991 Resale THE ESPIRA Apartment Freehold Feb 13, 2018 1,087 1,180,000 - 1,085 2009 Resale CHANCERY LANE Terrace Freehold Feb 05, 2018 2,476 4,100,000 - 1,656 1991 Resale THE LINE @ TANJONG RHU Condominium Freehold Feb 09, 2018 431 998,130 - 2,318 2016 Resale CHANCERY LANE Terrace Freehold Feb 05, 2018 2,648 4,100,000 - 1,548 1991 Resale THE NCLAVE Apartment Freehold Feb 09, 2018 1,981 1,850,000 - 934 2007 Resale D’CHATEAU @ SHELFORD Apartment Freehold Feb 07, 2018 1,948 1,830,000 - 939 2010 Resale THE SHORE RESIDENCES Condominium 103 years Feb 07, 2018 1,378 2,070,000 - 1,502 2014 Resale ENG AUN MANSION Apartment Freehold Feb 12, 2018 872 1,135,000 - 1,302 Unknown Resale THE SHORE RESIDENCES Condominium 103 years Feb 01, 2018 1,141 1,800,000 - 1,578 2014 Resale LA SUISSE Condominium 999 years Feb 02, 2018 1,679 1,750,000 - 1,042 1993 Resale VERSILIA ON HAIG Condominium Freehold Feb 07, 2018 1,227 1,730,000 - 1,410 2010 Resale MONTCLAIR @ WHITLEY Semi-Detached Freehold Feb 06, 2018 4,273 2,950,000 - 690 2011 Resale VERSILIA ON HAIG Condominium Freehold Feb 02, 2018 1,023 1,460,000 - 1,428 2010 Resale ORCHID APARTMENTS Apartment Freehold Feb 05, 2018 1,356 1,700,000 - 1,253 1977 Resale District 16 ROCHELLE AT NEWTON Condominium 99 years Feb 08, 2018 1,701 2,550,000 - 1,499 2012 Resale AQUARIUS BY THE PARK Condominium 99 years Feb 12, 2018 893 792,000 - 886 2001 Resale SKY@ELEVEN Condominium Freehold Feb 01, 2018 1,851 3,235,000 - 1,747 2010 Resale AQUARIUS BY THE PARK Condominium 99 years Feb 08, 2018 1,227 930,000 - 758 2000 Resale SOLEIL @ SINARAN Condominium 99 years Feb 12, 2018 936 1,660,000 - 1,773 2011 Resale AQUARIUS BY THE PARK Condominium 99 years Feb 01, 2018 1,098 900,000 - 820 2000 Resale SOLEIL @ SINARAN Condominium 99 years Feb 07, 2018 1,464 2,600,000 - 1,776 2011 Resale BAYSHORE PARK Condominium 99 years Feb 07, 2018 2,239 2,200,000 - 983 1986 Resale District 12 BAYSHORE PARK Condominium 99 years Feb 06, 2018 2,196 2,300,000 - 1,047 1986 Resale BOON TECK APARTMENTS Apartment Freehold Feb 01, 2018 1,238 1,268,000 - 1,024 1990 Resale BAYSHORE PARK Condominium 99 years Feb 05, 2018 624 640,000 - 1,025 1986 Resale CITY SUITES Apartment Freehold Feb 08, 2018 527 952,000 - 1,805 2017 New Sale BEDOK RESIDENCES Apartment 99 years Feb 12, 2018 1,076 1,560,800 - 1,450 2015 Resale CITY SUITES Apartment Freehold Feb 01, 2018 463 878,200 - 1,897 2017 New Sale BEDOK RESIDENCES Apartment 99 years Feb 09, 2018 786 1,120,000 - 1,425 2015 Resale GEM RESIDENCES Condominium 99 years Feb 10, 2018 1,313 1,984,000 - 1,511 Uncompleted New Sale BEDOK RIA Terrace Freehold Feb 12, 2018 2,906 3,200,000 - 1,103 1989 Resale GEM RESIDENCES Condominium 99 years Feb 07, 2018 775 1,382,000 - 1,783 Uncompleted New Sale BREEZE BY THE EAST Condominium Freehold Feb 12, 2018 2,519 2,980,000 - 1,183 2011 Resale GEM RESIDENCES Condominium 99 years Feb 06, 2018 678 1,214,000 - 1,790 Uncompleted New Sale CASAFINA Condominium 99 years Feb 08, 2018 1,378 1,200,000 - 871 1999 Resale GEM RESIDENCES Condominium 99 years Feb 05, 2018 1,249 1,934,232 - 1,549 Uncompleted New Sale CHANGI COURT Condominium Freehold Feb 07, 2018 840 855,000 - 1,018 1997 Resale GEM RESIDENCES Condominium 99 years Feb 01, 2018 678 1,200,000 - 1,770 Uncompleted New Sale D’MANOR Terrace 99 years Feb 12, 2018 2,723 1,820,000 - 668 2000 Resale KALLANG RIVERSIDE Apartment Freehold Feb 10, 2018 1,033 2,250,152 - 2,178 Uncompleted New Sale EASTWOOD VILLE Terrace 99 years Feb 02, 2018 1,938 2,050,000 - 1,057 1997 Resale KALLANG RIVERSIDE Apartment Freehold Feb 02, 2018 1,033 2,169,000 - 2,099 Uncompleted New Sale ECO Condominium 99 years Feb 06, 2018 592 770,000 - 1,301 2017 Resale NEEM TREE * Apartment Freehold Feb 07, 2018 818 1,252,200 - 1,531 Uncompleted New Sale GRANDEUR PARK RESIDENCES * Condominium 99 years Feb 11, 2018 883 1,188,112 - 1,346 Uncompleted New Sale NEEM TREE Apartment Freehold Feb 05, 2018 818 1,266,200 - 1,548 Uncompleted New Sale GRANDEUR PARK RESIDENCES Condominium 99 years Feb 10, 2018 883 1,161,112 - 1,315 Uncompleted New Sale NEEM TREE Apartment Freehold Feb 05, 2018 624 1,082,300 - 1,734 Uncompleted New Sale GRANDEUR PARK RESIDENCES Condominium 99 years Feb 09, 2018 883 1,130,112 - 1,280 Uncompleted New Sale ONE ST MICHAEL’S Condominium Freehold Feb 08, 2018 1,378 1,780,000 - 1,292 2009 Resale KEW VALE Semi-Detached 99 years Feb 09, 2018 2,293 1,980,000 - 866 1996 Resale REGENT RESIDENCES Apartment Freehold Feb 09, 2018 1,356 1,450,000 - 1,069 2015 Resale LAGUNA GREEN Condominium 99 years Feb 09, 2018 1,098 983,888 - 896 1998 Resale RIVIERA 38 Apartment 999 years Feb 07, 2018 452 620,000 - 1,371 2014 Resale OPTIMA @ TANAH MERAH Condominium 99 years Feb 08, 2018 1,302 1,520,000 - 1,167 2012 Resale TREVISTA Condominium 99 years Feb 08, 2018 861 1,030,000 - 1,196 2011 Resale OPTIMA @ TANAH MERAH Condominium 99 years Feb 02, 2018 1,970 1,500,000 - 761 2012 Resale District 13 PALMWOODS Condominium 99 years Feb 08, 2018 1,076 900,000 - 836 1999 Resale 18 WOODSVILLE Apartment Freehold Feb 12, 2018 495 860,000 - 1,737 2015 Resale SUNBIRD PARK Terrace Freehold Feb 12, 2018 2,454 3,310,000 - 1,348 1992 Resale BRADDELL HEIGHTS ESTATE Detached Freehold Feb 01, 2018 4,639 5,350,000 - 1,154 2009 Resale TANAMERA CREST Condominium 99 years Feb 05, 2018 1,173 970,000 - 827 2004 Resale E MAISON Apartment Freehold Feb 13, 2018 1,152 1,518,336 - 1,318 2016 Resale TANAMERA CREST Condominium 99 years Feb 05, 2018 861 800,000 - 929 2004 Resale E MAISON Apartment Freehold Feb 12, 2018 1,173 1,276,224 - 1,088 2016 Resale THE BAYSHORE Condominium 99 years Feb 09, 2018 1,227 1,110,000 - 905 1996 Resale E MAISON Apartment Freehold Feb 01, 2018 1,023 1,419,924 - 1,389 2016 Resale THE GLADES Condominium 99 years Feb 12, 2018 1,012 1,475,000 - 1,458 2016 Sub Sale NIN RESIDENCE Apartment 99 years Feb 09, 2018 850 1,140,000 - 1,341 2014 Resale WATERFRONT ISLE Condominium 99 years Feb 05, 2018 1,216 1,450,000 - 1,192 2015 Resale ONE LEICESTER Condominium Freehold Feb 01, 2018 1,378 1,750,000 - 1,270 2008 Resale WATERFRONT KEY Condominium 99 years Feb 01, 2018 893 1,020,000 - 1,142 2012 Resale R MAISON Apartment Freehold Feb 05, 2018 1,227 1,334,976 - 1,088 2016 Resale District 17 R MAISON Apartment Freehold Feb 01, 2018 1,184 1,406,592 - 1,188 2016 Resale BALLOTA PARK CONDOMINIUM Condominium Freehold Feb 05, 2018 1,356 1,030,000 - 759 2000 Resale SENNETT RESIDENCE Condominium 99 years Feb 02, 2018 1,130 1,500,000 - 1,327 2016 Resale CONTINUES NEXT PAGE EP12 • EDGEPROP | FEBRUARY 26, 2018 DONE DEALS

FROM PREVIOUS PAGE Residential transactions with contracts dated Feb 1 to 13

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 BLUWATERS 2 Condominium 946 years Feb 09, 2018 958 860,000 - 898 2010 Resale PINE GROVE Condominium 99 years Feb 13, 2018 1,755 1,418,000 - 808 Unknown Resale CHANGI HEIGHTS Semi-Detached Freehold Feb 02, 2018 2,260 2,400,000 - 1,060 2006 Resale SOUTHAVEN I Condominium 99 years Feb 08, 2018 1,528 1,355,000 - 886 1997 Resale DAHLIA PARK CONDOMINIUM Condominium Freehold Feb 05, 2018 1,066 840,000 - 788 2003 Resale SOUTHAVEN I Condominium 99 years Feb 05, 2018 1,733 1,360,000 - 785 1997 Resale EDELWEISS PARK SUITES DE LAUREL Apartment 999 years Feb 06, 2018 614 890,000 - 1,451 2012 Resale CONDOMINIUM Condominium Freehold Feb 12, 2018 829 680,000 - 820 2006 Resale SUMMERLEA GREEN Terrace 99 years Feb 01, 2018 1,615 1,980,000 - 1,226 1998 Resale ESTELLA GARDENS Condominium Freehold Feb 07, 2018 657 650,000 - 990 1999 Resale SYMPHONY HEIGHTS Condominium Freehold Feb 02, 2018 1,216 1,350,000 - 1,110 1998 Resale ESTELLA GARDENS Condominium Freehold Feb 02, 2018 1,292 978,000 - 757 1999 Resale TERRENE AT BUKIT TIMAH Condominium 999 years Feb 09, 2018 1,938 2,000,000 - 1,032 2013 Resale FERRARIA PARK THE CASCADIA Condominium Freehold Feb 09, 2018 883 1,350,000 - 1,529 2010 Resale CONDOMINIUM Condominium Freehold Feb 01, 2018 1,324 1,250,000 - 944 2009 Resale THE NEXUS Condominium Freehold Feb 09, 2018 1,195 1,780,000 - 1,490 2006 Resale LE LOYANG Apartment 999 years Feb 05, 2018 1,442 960,000 - 666 1994 Resale THE RAINTREE Condominium 99 years Feb 08, 2018 947 1,100,000 - 1,161 2008 Resale LOYANG GARDENS Condominium 999 years Feb 02, 2018 1,442 1,038,000 - 720 1994 Resale TOH TUCK ROAD Terrace Freehold Feb 08, 2018 3,918 4,030,000 - 1,029 Unknown Resale LOYANG VILLAS Terrace 99 years Feb 08, 2018 1,808 1,330,000 - 735 1995 Resale VISTA GARDEN Terrace Freehold Feb 09, 2018 1,776 2,370,000 - 1,337 1975 Resale LOYANG VILLAS Terrace 99 years Feb 06, 2018 1,658 1,450,000 - 874 1996 Resale District 22 THE INFLORA Condominium 99 years Feb 07, 2018 463 535,000 - 1,156 2016 Resale CASPIAN Condominium 99 years Feb 09, 2018 872 900,000 - 1,032 2012 Resale THE INFLORA Condominium 99 years Feb 02, 2018 463 540,000 - 1,167 2016 Resale CASPIAN Condominium 99 years Feb 08, 2018 1,001 1,030,000 - 1,029 2012 Resale District 18 LAKE GRANDE Condominium 99 years Feb 06, 2018 1,012 1,557,000 - 1,539 Uncompleted New Sale CHANGI RISE CONDOMINIUM Condominium 99 years Feb 08, 2018 1,281 1,027,500 - 802 2004 Resale LAKEHOLMZ Condominium 99 years Feb 09, 2018 1,324 1,145,000 - 865 2005 Resale D’NEST Condominium 99 years Feb 12, 2018 1,130 1,190,000 - 1,053 2017 Sub Sale LAKEHOLMZ Condominium 99 years Feb 08, 2018 1,023 930,000 - 909 2005 Resale D’NEST Condominium 99 years Feb 08, 2018 753 863,000 - 1,145 2017 Sub Sale LAKESIDE GROVE Terrace 99 years Feb 02, 2018 1,615 1,490,000 - 922 1998 Resale D’NEST Condominium 99 years Feb 01, 2018 1,432 1,380,000 - 964 2017 Sub Sale LAKEVILLE Condominium 99 years Feb 05, 2018 1,302 1,700,000 - 1,305 2017 Resale EASTPOINT GREEN Condominium 99 years Feb 09, 2018 1,141 895,000 - 784 1999 Resale PARC OASIS Condominium 99 years Feb 06, 2018 1,227 1,060,000 - 864 1994 Resale EASTVALE EC 99 years Feb 08, 2018 1,292 780,000 - 604 1999 Resale PARC VISTA Condominium 99 years Feb 02, 2018 1,055 900,000 - 853 1998 Resale MELVILLE PARK Condominium 99 years Feb 12, 2018 936 710,000 - 758 1996 Resale SUMMERDALE EC 99 years Feb 13, 2018 1,195 855,000 - 716 2000 Resale NV RESIDENCES Condominium 99 years Feb 06, 2018 1,453 1,150,000 - 791 2013 Resale SUMMERDALE EC 99 years Feb 13, 2018 1,270 896,000 - 705 2000 Resale NV RESIDENCES Condominium 99 years Feb 02, 2018 1,453 1,230,000 - 846 2013 Resale SUMMERDALE EC 99 years Feb 13, 2018 1,270 870,000 - 685 2000 Resale PINEVALE EC 99 years Feb 05, 2018 1,292 888,000 - 687 1999 Resale SUMMERDALE EC 99 years Feb 05, 2018 2,024 1,250,000 - 618 2000 Resale RIPPLE BAY Condominium 99 years Feb 08, 2018 484 550,000 - 1,135 2015 Resale THE LAKEFRONT RESIDENCES Condominium 99 years Feb 08, 2018 495 745,000 - 1,505 2014 Resale SAVANNAH CONDOPARK Condominium 99 years Feb 06, 2018 1,238 998,888 - 807 2005 Resale THE LAKESHORE Condominium 99 years Feb 02, 2018 1,184 1,288,000 - 1,088 2008 Resale SEASTRAND Condominium 99 years Feb 12, 2018 883 830,000 - 940 2014 Resale THE MAYFAIR Condominium 99 years Feb 09, 2018 635 720,000 - 1,134 2000 Resale SIMEI GREEN CONDOMINIUM EC 99 years Feb 08, 2018 1,378 1,080,000 - 784 1999 Resale THE MAYFAIR Condominium 99 years Feb 02, 2018 1,195 960,000 - 803 2000 Resale THE ALPS RESIDENCES Condominium 99 years Feb 04, 2018 1,066 1,243,000 - 1,166 Uncompleted New Sale WESTMERE EC 99 years Feb 05, 2018 1,249 1,138,000 - 911 1999 Resale THE ALPS RESIDENCES Condominium 99 years Feb 04, 2018 936 1,055,000 - 1,127 Uncompleted New Sale District 23 THE ALPS RESIDENCES Condominium 99 years Feb 04, 2018 936 1,062,000 - 1,134 Uncompleted New Sale CASHEW VILLAS Terrace 999 years Feb 06, 2018 1,755 3,230,000 - 1,843 2007 Resale THE ALPS RESIDENCES Condominium 99 years Feb 04, 2018 1,087 1,124,000 - 1,034 Uncompleted New Sale CHESTNUT VILLE Condominium 999 years Feb 13, 2018 1,658 1,600,100 - 965 1984 Resale THE PALETTE Condominium 99 years Feb 06, 2018 1,163 1,200,000 - 1,032 2015 Resale FORESQUE RESIDENCES Condominium 99 years Feb 09, 2018 1,270 1,630,000 - 1,283 2014 Resale THE PALETTE Condominium 99 years Feb 05, 2018 1,292 1,200,000 - 929 2015 Resale HAZEL PARK CONDOMINIUM Condominium 999 years Feb 02, 2018 1,356 1,370,000 - 1,010 2000 Resale TROPICAL SPRING Condominium 99 years Feb 07, 2018 1,335 1,180,000 - 884 2002 Resale HILLBROOKS Condominium Freehold Feb 08, 2018 1,335 1,280,000 - 959 1999 Resale WHITEWATER EC 99 years Feb 08, 2018 1,259 830,000 - 659 2005 Resale HILLBROOKS Condominium Freehold Feb 06, 2018 1,130 1,088,000 - 963 1999 Resale WHITEWATER EC 99 years Feb 01, 2018 1,356 950,000 - 700 2005 Resale HILLINGTON GREEN Condominium 999 years Feb 01, 2018 1,528 1,550,000 - 1,014 2002 Resale District 19 HILLTOP GROVE Condominium 99 years Feb 08, 2018 1,238 980,000 - 792 2001 Resale A TREASURE TROVE Condominium 99 years Feb 02, 2018 915 960,000 - 1,049 2015 Resale HILLVIEW GARDEN ESTATE Semi-Detached 999 years Feb 02, 2018 3,251 4,000,000 - 1,233 Unknown Resale AUSTVILLE RESIDENCES EC 99 years Feb 05, 2018 1,033 835,000 - 808 2014 Resale HILLVIEW HEIGHTS Condominium Freehold Feb 12, 2018 1,432 1,600,000 - 1,118 1996 Resale BARTLEY RESIDENCES Apartment 99 years Feb 07, 2018 797 1,045,000 - 1,312 2015 Resale HILLVIEW REGENCY Condominium 99 years Feb 08, 2018 1,195 968,000 - 810 2005 Resale BOATHOUSE RESIDENCES Condominium 99 years Feb 07, 2018 1,023 980,000 - 958 2015 Resale HILLVISTA Condominium Freehold Feb 05, 2018 958 1,170,000 - 1,221 2010 Resale BOATHOUSE RESIDENCES Condominium 99 years Feb 06, 2018 893 970,000 - 1,086 2015 Resale INZ RESIDENCE * EC 99 years Feb 05, 2018 990 792,000 - 800 Uncompleted New Sale BOATHOUSE RESIDENCES Condominium 99 years Feb 01, 2018 1,464 1,420,000 - 970 2015 Resale INZ RESIDENCE EC 99 years Feb 05, 2018 1,130 885,000 - 783 Uncompleted New Sale BRIGHTON CRESCENT Semi-Detached Freehold Feb 02, 2018 3,617 3,600,000 - 995 1998 Resale INZ RESIDENCE EC 99 years Feb 05, 2018 990 772,000 - 780 Uncompleted New Sale CASA ROSA Condominium 99 years Feb 09, 2018 1,098 908,888 - 828 2001 Resale LE QUEST Apartment 99 years Feb 05, 2018 1,130 1,441,000 - 1,275 Uncompleted New Sale CHILTERN PARK Condominium 99 years Feb 06, 2018 1,550 1,482,800 - 957 1995 Resale LE QUEST Apartment 99 years Feb 05, 2018 1,313 1,711,000 - 1,303 Uncompleted New Sale CHUAN TERRACE Terrace Freehold Feb 02, 2018 2,056 2,610,000 - 1,269 1989 Resale MAYSPRINGS Apartment 99 years Feb 05, 2018 904 760,000 - 841 1998 Resale CHUAN VISTA Terrace 99 years Feb 01, 2018 1,959 1,910,000 - 976 1999 Resale MAYSPRINGS Apartment 99 years Feb 02, 2018 1,550 1,210,000 - 781 1998 Resale COMPASS HEIGHTS Apartment 99 years Feb 02, 2018 1,324 1,180,000 - 891 2002 Resale NORTHVALE Apartment 99 years Feb 07, 2018 1,259 1,030,000 - 818 1998 Resale FOREST WOODS Condominium 99 years Feb 07, 2018 915 1,362,000 - 1,489 Uncompleted New Sale NORTHVALE Apartment 99 years Feb 05, 2018 1,507 1,070,000 - 710 1998 Resale FOREST WOODS Condominium 99 years Feb 03, 2018 1,098 1,475,000 - 1,343 Uncompleted New Sale PAVILION PARK Terrace Freehold Feb 09, 2018 2,185 3,208,000 - 1,472 2013 Resale GARDEN VIEW ESTATE Terrace Freehold Feb 02, 2018 3,789 3,250,000 - 858 1983 Resale PHOENIX HEIGHTS Semi-Detached Freehold Feb 07, 2018 3,864 3,800,000 - 983 1980 Resale GOLDEN HILL ESTATE Terrace Freehold Feb 05, 2018 2,465 2,730,000 - 1,108 1976 Resale REGENT GROVE Condominium 99 years Feb 05, 2018 1,195 780,000 - 653 2000 Resale GOLDEN HILL ESTATE Terrace Freehold Feb 05, 2018 1,690 2,515,000 - 1,492 1976 Resale SOL ACRES EC 99 years Feb 10, 2018 614 522,000 - 851 Uncompleted New Sale HOW SUN CLOSE Terrace Freehold Feb 12, 2018 1,798 2,700,000 - 1,500 1975 Resale SOL ACRES EC 99 years Feb 06, 2018 495 376,000 - 759 Uncompleted New Sale ISUITES @ PALM Apartment 999 years Feb 07, 2018 635 775,000 - 1,220 2013 Resale THE HILLIER Apartment 99 years Feb 12, 2018 614 785,000 - 1,279 2016 Resale KINGSFORD WATERBAY * Apartment 99 years Feb 10, 2018 883 1,183,000 - 1,340 Uncompleted New Sale THE HILLIER Apartment 99 years Feb 12, 2018 624 860,000 - 1,378 2016 Resale KINGSFORD WATERBAY Apartment 99 years Feb 10, 2018 893 1,198,452 - 1,341 Uncompleted New Sale THE HILLIER Apartment 99 years Feb 02, 2018 624 820,000 - 1,313 2016 Resale KINGSFORD WATERBAY Apartment 99 years Feb 10, 2018 893 1,191,547 - 1,334 Uncompleted New Sale THE LINEAR Apartment 999 years Feb 08, 2018 1,808 1,350,000 - 747 2006 Resale KINGSFORD WATERBAY Apartment 99 years Feb 10, 2018 850 1,130,768 - 1,330 Uncompleted New Sale YEW MEI GREEN EC 99 years Feb 01, 2018 1,292 868,000 - 672 2000 Resale KINGSFORD WATERBAY Apartment 99 years Feb 10, 2018 1,033 1,415,210 - 1,370 Uncompleted New Sale District 25 KOVAN RESIDENCES Condominium 99 years Feb 09, 2018 1,259 1,538,000 - 1,221 2011 Resale NORTHWAVE EC 99 years Feb 06, 2018 990 781,000 - 789 Uncompleted New Sale KOVANA Apartment Freehold Feb 12, 2018 1,421 1,580,000 - 1,112 2007 Resale NORTHWAVE EC 99 years Feb 06, 2018 893 767,000 - 859 Uncompleted New Sale LEGEND @ JANSEN Terrace 999 years Feb 07, 2018 2,260 1,950,000 - 863 2008 Resale NORTHWAVE EC 99 years Feb 03, 2018 990 754,000 - 761 Uncompleted New Sale OASIS GARDEN Condominium Freehold Feb 08, 2018 1,033 1,210,000 - 1,171 2009 Resale PARC ROSEWOOD Condominium 99 years Feb 01, 2018 603 655,000 - 1,087 2014 Resale PALM GROVE CONDOMINIUM Condominium 999 years Feb 02, 2018 1,346 1,488,000 - 1,106 2002 Resale ROSEWOOD Condominium 99 years Feb 09, 2018 1,475 1,050,000 - 712 2003 Resale PARC VERA Condominium 99 years Feb 12, 2018 710 730,000 - 1,028 2014 Resale WOODSVALE EC 99 years Feb 13, 2018 1,227 790,000 - 644 2000 Resale PARC VERA Condominium 99 years Feb 09, 2018 1,410 1,300,000 - 922 2014 Resale WOODSVALE EC 99 years Feb 08, 2018 1,313 750,000 - 571 2000 Resale POH HUAT ROAD Terrace 940 years Feb 07, 2018 1,701 2,200,000 - 1,294 Unknown Resale District 26 PRIMO RESIDENCES Apartment Freehold Feb 09, 2018 517 635,000 - 1,229 2012 Resale BULLION PARK Condominium Freehold Feb 11, 2018 807 838,000 - 1,038 1993 Resale RIO VISTA Condominium 99 years Feb 08, 2018 2,422 1,650,000 - 681 2004 Resale CASTLE GREEN Condominium 99 years Feb 06, 2018 947 820,000 - 866 1997 Resale ROBEY CRESCENT Terrace 999 years Feb 07, 2018 1,830 2,330,000 - 1,274 1986 Resale CASTLE GREEN Condominium 99 years Feb 05, 2018 1,173 1,000,000 - 852 1997 Resale ST ANNE’S WOOD Terrace 999 years Feb 06, 2018 2,164 2,500,000 - 1,156 1996 Resale HEETON CLASSIC Terrace Freehold Feb 06, 2018 3,208 2,930,000 - 914 1991 Resale TEOW HOCK AVENUE Terrace Freehold Feb 06, 2018 2,142 2,550,000 - 1,192 1994 Resale MEADOWS @ PEIRCE Condominium Freehold Feb 09, 2018 635 828,000 - 1,304 2012 Resale TERRASSE Condominium 99 years Feb 13, 2018 1,432 1,600,000 - 1,118 2014 Resale MEADOWS @ PEIRCE Condominium Freehold Feb 06, 2018 635 835,000 - 1,315 2012 Resale TERRASSE Condominium 99 years Feb 08, 2018 1,453 1,525,000 - 1,049 2014 Resale MEADOWS @ PEIRCE Condominium Freehold Feb 05, 2018 1,841 1,980,000 - 1,076 2012 Resale TERRASSE Condominium 99 years Feb 05, 2018 807 938,000 - 1,162 2014 Resale SEASONS PARK Condominium 99 years Feb 01, 2018 1,044 833,000 - 798 1997 Resale THE MINTON Condominium 99 years Feb 13, 2018 1,808 1,520,000 - 841 2013 Resale District 27 THE MINTON Condominium 99 years Feb 13, 2018 1,324 1,380,000 - 1,042 2013 Resale EIGHT COURTYARDS Condominium 99 years Feb 12, 2018 1,141 880,000 - 771 2014 Resale THE MINTON Condominium 99 years Feb 12, 2018 980 938,000 - 958 2013 Resale EUPHONY GARDENS Condominium 99 years Feb 09, 2018 1,184 850,000 - 718 2001 Resale THE MINTON Condominium 99 years Feb 08, 2018 1,087 1,070,000 - 984 2013 Resale KANDIS RESIDENCE Condominium 99 years Feb 10, 2018 495 666,000 - 1,345 Uncompleted New Sale THE QUARTZ Condominium 99 years Feb 07, 2018 1,195 1,200,000 - 1,004 2009 Resale KANDIS RESIDENCE Condominium 99 years Feb 05, 2018 495 640,200 - 1,293 Uncompleted New Sale THE QUARTZ Condominium 99 years Feb 07, 2018 1,195 1,130,000 - 946 2009 Resale KANDIS RESIDENCE Condominium 99 years Feb 02, 2018 936 1,237,800 - 1,322 Uncompleted New Sale THE QUARTZ Condominium 99 years Feb 01, 2018 1,066 1,030,000 - 967 2009 Resale PARC LIFE * EC 99 years Feb 11, 2018 753 644,000 - 855 Uncompleted New Sale THE SPRINGBLOOM Condominium 99 years Feb 12, 2018 1,432 1,508,000 - 1,053 1999 Resale PARC LIFE EC 99 years Feb 11, 2018 1,066 915,000 - 859 Uncompleted New Sale THE SPRINGBLOOM Condominium 99 years Feb 09, 2018 1,647 1,758,000 - 1,067 1999 Resale PARC LIFE EC 99 years Feb 11, 2018 1,066 889,000 - 834 Uncompleted New Sale TREASURE GARDENS Apartment Freehold Feb 09, 2018 570 628,000 - 1,101 2005 Resale QUEEN’S ROAD Condominium 99 years Feb 01, 2018 958 602,000 - 628 1994 Resale URBAN VILLAS Terrace Freehold Feb 08, 2018 5,393 2,991,120 - 555 2017 New Sale SIGNATURE AT YISHUN EC 99 years Feb 10, 2018 1,184 1,003,000 - 847 2017 New Sale WATERTOWN Apartment 99 years Feb 09, 2018 646 835,000 - 1,293 2017 Sub Sale SIGNATURE AT YISHUN EC 99 years Feb 08, 2018 764 589,000 - 771 2017 New Sale WATERTOWN Apartment 99 years Feb 08, 2018 603 808,000 - 1,340 2017 Sub Sale SIGNATURE AT YISHUN EC 99 years Feb 07, 2018 1,098 863,500 - 786 2017 New Sale WATERTOWN Apartment 99 years Feb 02, 2018 527 750,000 - 1,422 2017 Sub Sale SIGNATURE AT YISHUN EC 99 years Feb 06, 2018 1,098 834,500 - 760 2017 New Sale District 20 SYMPHONY SUITES Condominium 99 years Feb 11, 2018 1,023 1,072,120 - 1,048 Uncompleted New Sale BISHAN 8 Condominium 99 years Feb 09, 2018 1,163 1,355,000 - 1,166 1999 Resale SYMPHONY SUITES Condominium 99 years Feb 05, 2018 1,023 1,116,000 - 1,091 Uncompleted New Sale COUNTRY GRANDEUR Condominium Freehold Feb 09, 2018 1,442 1,780,000 - 1,234 1996 Resale SYMPHONY SUITES Condominium 99 years Feb 05, 2018 1,023 1,077,020 - 1,053 Uncompleted New Sale FULTON HILL Terrace Freehold Feb 09, 2018 1,830 2,500,000 - 1,364 1981 Resale THE CRITERION * EC 99 years Feb 11, 2018 1,076 828,800 - 770 Uncompleted New Sale GRANDEUR 8 Condominium 99 years Feb 07, 2018 1,130 1,150,000 - 1,018 2005 Resale THE CRITERION EC 99 years Feb 10, 2018 915 720,800 - 788 Uncompleted New Sale JALAN PEMIMPIN Detached Freehold Feb 06, 2018 5,608 6,200,000 - 1,107 Unknown Resale THE CRITERION EC 99 years Feb 10, 2018 915 715,200 - 782 Uncompleted New Sale SKY HABITAT Condominium 99 years Feb 12, 2018 1,012 1,576,700 - 1,558 2015 Resale THE MILTONIA RESIDENCES Condominium 99 years Feb 01, 2018 1,550 1,200,000 - 774 2014 Resale SKY HABITAT Condominium 99 years Feb 05, 2018 1,292 1,860,100 - 1,440 2015 Resale WATERCOVE Terrace Freehold Feb 05, 2018 3,466 2,270,000 - 655 Uncompleted New Sale SKY VUE Condominium 99 years Feb 08, 2018 678 1,013,000 - 1,494 2016 Resale WATERCOVE Terrace Freehold Feb 02, 2018 3,348 2,807,000 - 839 Uncompleted New Sale THE PANORAMA Condominium 99 years Feb 01, 2018 700 970,000 - 1,386 2017 Sub Sale District 28 THOMSON GRAND Condominium 99 years Feb 08, 2018 1,410 1,950,000 - 1,383 2015 Resale H2O RESIDENCES Condominium 99 years Feb 05, 2018 1,378 1,550,000 - 1,125 2015 Resale THOMSON HILLS ESTATE Semi-Detached Freehold Feb 09, 2018 3,509 3,820,000 - 1,090 1980 Resale NIM COLLECTION Terrace 99 years Feb 03, 2018 1,615 2,688,000 - 1,665 Uncompleted New Sale WINDSOR PARK ESTATE Terrace Freehold Feb 01, 2018 2,034 2,600,000 - 1,277 Unknown Resale NIM COLLECTION Terrace 99 years Feb 02, 2018 1,625 2,700,000 - 1,661 Uncompleted New Sale District 21 NIM COLLECTION Terrace 99 years Feb 02, 2018 1,615 2,673,000 - 1,656 Uncompleted New Sale BINJAI CREST Terrace 99 years Feb 12, 2018 3,035 1,860,000 - 613 2004 Resale PARC BOTANNIA * Condominium 99 years Feb 10, 2018 786 982,000 - 1,250 Uncompleted New Sale BINJAI CREST Terrace 99 years Feb 09, 2018 3,950 2,496,400 - 632 2004 Resale PARC BOTANNIA Condominium 99 years Feb 09, 2018 1,249 1,508,000 - 1,208 Uncompleted New Sale CHENG SOON GARDEN Terrace Freehold Feb 09, 2018 2,013 2,700,000 - 1,339 1982 Resale PARC BOTANNIA Condominium 99 years Feb 08, 2018 1,281 1,585,000 - 1,237 Uncompleted New Sale CLEMENTI PARK Condominium Freehold Feb 09, 2018 1,346 1,385,000 - 1,029 1986 Resale SELETAR HILLS ESTATE Semi-Detached 999 years Feb 09, 2018 3,165 2,700,000 - 853 Unknown Resale GRAND CHATEAU Condominium Freehold Feb 09, 2018 1,270 1,180,000 - 929 1996 Resale SELETAR HILLS ESTATE Semi-Detached Freehold Feb 08, 2018 4,542 3,880,000 - 855 Unknown Resale HUME PARK I Condominium Freehold Feb 08, 2018 1,346 1,320,000 - 981 1995 Resale SELETAR HILLS ESTATE Semi-Detached 999 years Feb 07, 2018 3,154 4,400,000 - 1,397 Unknown Resale JARDIN Condominium Freehold Feb 09, 2018 1,206 2,000,000 - 1,659 2012 Resale LE WOOD Condominium 99 years Feb 01, 2018 1,270 1,038,000 - 817 2000 Resale LORONG KISMIS Detached 99 years Feb 07, 2018 9,472 5,688,000 - 600 1987 Resale DISCLAIMER: MAPLE WOODS Condominium Freehold Feb 08, 2018 850 1,300,000 - 1,529 1997 Resale Source: URA Realis. Updated Feb 20, 2018. The Edge Property Pte Ltd shall not be responsible for any loss or liability arising directly or indirectly from the use of, MEADOWLODGE Condominium 99 years Feb 09, 2018 1,324 1,390,000 - 1,050 2004 Resale or reliance on, the information provided therein. NOTTINGHILL SUITES Apartment Freehold Feb 01, 2018 398 630,000 - 1,582 2014 Resale * Not all the caveats are reflected owing to the high volume of transactions PANDAN VALLEY Condominium Freehold Feb 09, 2018 1,647 2,150,000 - 1,305 1978 Resale # Caveat lodged for two semi-detached units PARC PALAIS Condominium Freehold Feb 06, 2018 1,238 1,300,000 - 1,050 1999 Resale EC stands for Executive Condominium EDGEPROP | FEBRUARY 26, 2018 • EP13 GAINS AND LOSSES Unit at D’Chateau @ Shelford suffers loss of $1.22 million

PICTURES: SAMUEL ISAAC CHUA/THE EDGE SINGAPORE | BY LIN ZHIQIN |

1,948 sq ft, three-bedroom unit at the freehold D’Chateau @ Shelford in prime District 11 changed hands for $1.83 million ($939 psf) on Feb 7. The transaction resulted in a $1.07 Amillion (37%) loss for the seller, who purchased it for $2.9 million ($1,488 psf) in April 2015, as revealed from the matching of URA caveat data as at Feb 20. Owing to the holding peri- od of 2.9 years, the previous owner is subject to an 8%, or $146,400 seller’s stamp duty on the sale price, which translates into total loss- es of $1.22 million (42%). This was the most unprofitable deal for pri- vate non-landed houses sold in the week of Feb 6 to 13, and also marks the first unprof- itable transaction at D’Chateau @ Shelford. The next most recent transaction at the 31-unit development located near Adam Road was in May 2017, when an 893 sq ft unit fetched a $435,000 (46%) profit. The previous owner paid $950,000 ($1,063 psf) for the unit in March 2009 and sold it for $1.39 million ($1,550 psf). The most profitable deal in the week of Feb 6 to 13 was the sale of a 2,239 sq ft, four-bed- A 2,239 sq ft, four-bedder at Bayshore Park fetched der at Bayshore Park, which is located opposite a $1.27 million (137%) profit on Feb 7. Find the East Coast Park. The previous owner bought most affordable listing at edgepr.link/BayshorePark. the unit for $930,000 ($415 psf) in April 2006 and sold it for $2.2 million ($983 psf) on Feb unit Bayshore Park this year. 7, thus enjoying a $1.27 million (137%) prof- Also located in the east is the freehold it, which translates into 8% a year. Seaview Point, where a 1,389 sq ft, three-bed- All eight transactions at the 99-year leasehold room unit was sold for $2 million ($1,440 psf) Bayshore Park so far this year have been profit- on Feb 9. The transaction resulted in a $1.12 The freehold D’Chateau @ Shelford is located near Adam Road able, as revealed from the matching of URA ca- million (127%) profit for the seller, who paid veat data. On Feb 6, a 2,196 sq ft, four-bedder $880,000 ($634 psf) for the unit in Decem- 2017. The site is being redeveloped into The From the matching of URA caveat data, the changed hands for $2.3 million ($1,047 psf). ber 2000. The seller may have benefited from Opus. The sale price of $1,440 psf for the unit last time an apartment at Seaview Point was The sale resulted in a $340,000 (17%) profit the collective sale of the former Amber Park, on the fifth storey of Seaview Point is the high- sold for a loss was in March 2007. The seller for the previous owner, who bought the unit which is located opposite Seaview Point and est on record. It is also 21% higher than that incurred a $95,000 (10%) loss, having paid $1 for $1.96 million ($893 psf) in April 2010. It is was acquired City Developments for $906.7 of a similar-sized unit on the 16th floor that million ($720 psf) for the unit in October 1997 the second most profitable deal at the 1,083- million ($1,515 psf per plot ratio) in October went for $1,188 psf in March 2017. and sold it for $905,000 ($652 psf). E

Top 10 gains and losses from Feb 6 to 13

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 Bayshore Park 16 2,239 Feb 7 983 April 20, 2006 415 1,270,000 137 8 11.8 2 Seaview Point 15 1,389 Feb 9 1,440 Dec 1, 2000 634 1,120,000 127 5 17.2 3 The Springbloom 19 1,647 Feb 9 1,067 Dec 26, 2006 434 1,043,000 146 8 11.1 4 Palm Spring 10 1,496 Feb 13 1,637 Jan 22, 1996 1,066 855,000 54 2 22.1 5 Clementi Park 21 1,346 Feb 9 1,029 Sept 5, 2006 467 757,000 121 7 11.4 6 Country Grandeur 20 1,442 Feb 9 1,234 Nov 10, 2009 711 755,000 74 7 8.3 7 Hillview Heights 23 1,432 Feb 12 1,118 July 12, 1999 615 720,000 82 3 18.6 8 Hillbrooks 23 1,335 Feb 8 959 March 8, 2004 461 665,000 108 5 13.9 9 Chestnut Ville 23 1,658 Feb 13 965 April 13, 2010 621 570,100 55 6 7.8 10 11 Amber Road 15 1,507 Feb 6 1,394 March 10, 2010 1,029 550,000 35 4 7.9

Non-profi table deals

PROJECT DISTRICT AREA (SQ FT) SOLD ON (2018)(2018) SALE PRICE ($ PSF) BOUGHT ON PURCHASE PRICE ($ PSF) LOSS ($) LOSS (%) ANNUALISED LLOSSOSS (%)(%) HOLDING PERIOD (YEARS) 1 D’Chateau @ Shelford 11 1,948 Feb 7 939 April 2, 2015 1,488 1,070,000 37 15 2.9 2 Parvis 10 1,701 Feb 6 1,882 Nov 1, 2012 2,000 202,000 6 1 5.3 3 Trevista 12 861 Feb 8 1,196 Nov 30, 2012 1,394 170,000 14 3 5.2 4 Changi Rise Condominium 18 1,281 Feb 8 802 Dec 27, 2013 874 92,500 8 2 4.1 5 Estella Gardens 17 657 Feb 7 990 Aug 23, 2011 1,066 50,000 7 1 6.5 6 Kovana 19 1,421 Feb 12 1,112 Sept 17, 2012 1,146 48,000 3 1 5.4 7 Blue Horizon 5 958 Feb 9 939 Jan 21, 2011 986 45,000 5 1 7.1 8 8 @ Mount Sophia 9 915 Feb 9 1,620 Jan 20, 2011 1,650 27,700 2 0.3 7.1 9 Northvale 23 1,259 Feb 7 818 Sept 20, 2013 828 13,000 1 0.3 4.4 10 Meadowlodge 21 1,324 Feb 9 1,050 Dec 2, 2010 1,059 12,380 1 0.1 7.2

Note: Computed based on URA caveat data as at Feb 20 for private non-landed houses transacted between Feb 6 and 13. The profit-and-loss computation excludes transaction costs such as stamp duties. EP14 • EDGEPROP | FEBRUARY 26, 2018 DEAL WATCH Spacious two-storey condo unit in District 10 for sale at $1,171 psf

TABLES: URA, EDGEPROP THE EDGE SINGAPORE | BY TIMOTHY TAY | Recent transactions at Glentrees two-storey unit in the 999- year leasehold Glentrees CONTRACT DATE AREA (SQ FT) PRICE ($) PRICE ($ PSF) condominium is on the Feb 2, 2018 1,991 2,650,000 1,331 market for $4.3 million Jan 19, 2018 1,711 2,550,000 1,490 ($1,171 psf). The 3,672 sq Dec 5, 2017 1,345 1,738,000 1,292 Aft unit on the ground floor has four Nov 22, 2017 2,594 3,500,000 1,349 bedrooms and a basement and comes Nov 16, 2017 1,345 1,720,000 1,278 with a private car porch for two cars. The unit was bought by a Singaporean investor for $4.2 million ($1,144 psf) in 2007. An Australian yard and lounge, which Foo says can family has been living there for the be converted into a helper’s room. Recent rental contracts past three years and their lease will According to Foo, the unit has for units larger than expire in October. While the owner drawn more attention from poten- does not want to disclose the exact tial owner-occupiers than investors, 3,000 sq ft at Glentrees The 999-year leasehold Glentrees was completed in 2005 and comprises 176 units monthly rent, it is between $8,500 with nine out of 10 enquiries coming LEASE DATE MONTHLY RENT ($)($) and $9,000, says Foo Hoo Seng from from the former. ASPAC Property Consultants, the The last time a unit of this size October 2017 9,500 agent marketing the property. This was sold was in 2015, when it went September 2017 9,000 translates into a gross rental yield of for $4.2 million ($1,144 psf). The September 2017 7,800 about 2.5%. latest unit sold at Glentrees was a August 2017 9,000 The living and dining room is lo- 1,991 sq ft, three-bedroom unit on cated on the first floor, together with the fifth floor. It fetched $2.65 mil- a dry and wet kitchen. On the second lion ($1,331 psf) on Feb 2. Prices of Foo. In 2016, the average psf price Glentrees is in prime District 10 do was completed in 2005 and com- floor are three bedrooms, including units at the condo have risen and was $1,278 across five transactions, and located off Holland Road. It is prises 176 units, with a mix of two- the en-suite master bedroom. The some investors have put their prop- but in 2017, it was $1,315 psf across beside Henry Park Primary School to four-bedroom units ranging from basement houses a bedroom, court- erties on the market to cash in, says seven transactions. and Eunoia Junior College. The con- 1,346 to 3,672 sq ft. E EDGEPROP | FEBRUARY 26, 2018 • EP15

PROP HUNT

Properties for Sale & Rent Condominium 3 Scan QR code for more details Ó To be featured, email [email protected] or call 9855-5282

$3,250,000 $2,500,000 $1,500,000 $1,310,000 Cairnhill Crest Queens The Lakeshore eCO CAIRNHILL CIRCLE, 229814 Singapore STIRLING ROAD, 148957 Singapore JURONG WEST STREET 41, 649413 Singapore BEDOK SOUTH AVENUE 3, 465460 Singapore Freehold | Bedroom: 2 99 years | Bedroom: 3 99 years | Bedroom: 3 99 years | Bedroom: 2 Size(sqft): 1,900 | PSF: $1,711 Size(sqft): 2,100 | PSF: $1,190 Size(sqft): 1,270 | PSF: $1,181 Size(sqft): 900 | PSF: $1,456

Great location. Has a patio. High ceiling. Well Bright, high ceiling. Happy penthouse home Beautifully renovated ground floor unit. All maintained. Selling vacant. available now! Spacious rooftop for gardening furniture inclusive. Serious seller. MRT. Great layout. Serious seller. Selling with hobby and private functions. First floor has master 2-year tenancy. room, walk-in wardrobe and study room. Second floor has junior master room. Full facilities. Stone's throw away from Queenstown MRT.

Helena Dihardja Selvi Loe Dexter Ow Helena Dihardja EASTVIEW INTL GROUP PTE LTD PROPNEX REALTY PTE LTD HUTTONS ASIA PTE LTD EASTVIEW INTL GROUP PTE LTD R022471I R051854B R049623I R022471I ™ 65 9365 3747 ™ 65 9048 7598 ™ 65 8139 3534 ™ 65 9365 3747

$1,300,000 $1,210,000 $940,000 $828,828 Hillsta Costa Rhu One-North Residences Tree House PHOENIX ROAD, 668201 Singapore RHU CROSS, 437436 Singapore ONE-NORTH GATEWAY, 138643 Singapore CHESTNUT AVENUE, 679521 Singapore 99 years | Bedroom: 3 99 years | Bedroom: 2 99 years | Bedroom: 1 99 years | Bedroom: 2 Size(sqft): 1,087 | PSF: $1,196 Size(sqft): 990 | PSF: $1,222 Size(sqft): 570 | PSF: $1,649 Size(sqft): 721 | PSF: $1,150

Brand new development, 5 mins walk to Phoenix 5 mins walk to Buona Vista MRT. Surrounded by Condominium comprises of 4 towers with 429 Station (LRT) linked to (Choa Chu Kang MRT). Stadium MRT. Two spacious rooms with two toilets. lush greenery. Selling vacant possession. Mid-floor. units, 24 storeys tall. Mid Floor Stack 06, facing eco- High floor, above #12. Full condo facilities. Fully Well maintained unit. sanctuary, pool landscaping, 3.2m ceiling height. furnished. No afternoon sun. Windy & good usable layout. No balcony, bay windows or planters.

Alan Tang Estella Khoo Kenny Cheng Alan Tang ERA REALTY NETWORK PTE LTD NBI REALTY LLP KF PROPERTY NETWORK PTE LTD ERA REALTY NETWORK PTE LTD R025239I R002454Z R021383J R025239I ™ 65 9067 2388 ™ 65 9100 2299 ™ 65 9672 4648 ™ 65 9067 2388

$5,499/mth $3,800/mth $3,600/mth $2,800/mth The Marbella Mill Point Illuminaire on Devonshire 26 Newton MOUNT SINAI RISE, 276954 Singapore ZION CLOSE, 247813 Singapore DEVONSHIRE ROAD, 239900 Singapore NEWTON ROAD, 307957 Singapore Freehold | Bedroom: 3 999 years | Bedroom: 2 Freehold | Bedroom: 2 Freehold | Bedroom: 1 Size(sqft): 1,582 | PSF: $3 Size(sqft): 926 | PSF: $4 Size(sqft): 635 | PSF: $6 Size(sqft): 474 | PSF: $6

Available immediate. Unfurnished. Pool view & Expat choice unit. Opp Great World Shopping Mall. District 9 expat's choice unit. High floor. Serene New condo near Novena & Newton MRT. High lush greenery. Park connector for healthy outdoor High floor. Serene and tranquil environment. Mins and tranquil surroundings. Walking distance to floor looking towards Orchard & Newton. Walking activities. A true family retreat & a great place to to Orchard Road. Immediate. Fully furnished.View Somerset MRT, Orchard shopping mall. Fully distance to 3 shopping malls: United Square, Novena bring up your younger family members. to Offer. furnished. Immediate and flexible lease. Square, Square 2. Accessible to supermarkets. Within 1km to ACS (Primary & Junior) & SJI.

Sam Ong Irene Leong Irene Leong Michael Wong SAVILLS RESIDENTIAL PTE LTD KONG QUST REALTY (S) PTE LTD KONG QUST REALTY (S) PTE LTD HUTTONS ASIA PTE LTD R044479D R008569G R008569G R006996I ™ 65 9220 3333 ™ 65 9855 4903 ™ 65 9855 4903 ™ 65 8838 6969 EP16 • EDGEPROP | FEBRUARY 26, 2018

PROP HUNT

Properties for Sale & Rent Landed Business Space 3 Scan QR code for more details Ó To be featured, email [email protected] or call 9855-5282

$4,700,000 $3,600,000 $2,790,000 $2,300,000 Semi-Detached House Detached House Semi-Detached House Corner Terrace House LUCKY HEIGHTS | Freehold ALMOND CRESCENT | 99 years TANAH MERAH BESAR LANE | Freehold ASHWOOD GROVE | 99 years Built-Up(sqft): 5,000 | Land(sqft): 3,340 Built-Up(sqft): 3,000 | Land(sqft): 5,908 Built-Up(sqft): 3,200 | Land(sqft): 2,652 Built-Up(sqft): 3,300 | Land(sqft): 2,900 PSF: $1,407 PSF: $609 PSF: $1,052 PSF: $793

3-storey. Fireworks view. Future Bayshore MRT. On elevated ground. Private garden. 2.5-storey, 4 5 ensuite spacious bedrooms plus helper room. 3-storey corner terrace house with deck pool. Near Perfect move in condition. bedrooms + 1 guest room + 3 family halls. Changi Garden vicinity. Serene ambience. Mins Singapore American School. drive to Changi Village and airport. Every level with family areas. Selling vacant.

Estella Khoo Sze Kiat Tan Estella Khoo Marcus Ng NBI REALTY LLP HUTTONS ASIA PTE LTD NBI REALTY LLP PROPNEX REALTY PTE LTD R002454Z R007479B R002454Z R009386Z ™ 65 9100 2299 ™ 65 9222 4455 ™ 65 9100 2299 ™ 65 9327 4485

$14,500/mth $7,950/mth $5,200/mth $4,988/mth Semi-Detached House Terrace House Semi-detached House Terrace House DUNEARN ROAD | Freehold JOO CHIAT PLACE | 99 years BURGHLEY DRIVE | Freehold KANG CHOO BIN ROAD | 999 years Built-Up(sqft): 6,100 | Land(sqft): 3,657 Built-Up(sqft): 2,740 | Land(sqft): 2,740 Built-Up(sqft): 4,000 | Land(sqft): 2,225 Built-Up(sqft): 3,000 | Land(sqft): 3,000 PSF: $4 PSF: $3 PSF: $2 PSF: $2

3-storey semi-detached house. 7 plus 1 bedroom 2-storey inter-terrace house with roof terrace 2-storey semi-detached house. 10 mins walk to Zen designer decoration. 6-room and 4 washroom with private swimming pool (lap size). Walk to Tan access. Partial furnished. Quiet ambience and cosy Lorong Chuan MRT station. Can park 2 cars. Price with granny room on first level. Wet & dry kitchen Kah Kee MRT station, Adam Road market, Serene environment. negotiable. concept. Walking distance to Kovan MRT station. Centre, Cold Storage, Coronation Plaza. Quick access to town, CBD and major highways.

Kevin Yeow Timothy Chew CM MOK Joyce lim ORANGETEE & TIE PTE LTD ORANGETEE & TIE PTE LTD SAVILLS RESIDENTIAL PTE LTD HUTTONS ASIA PTE LTD R021208G R021687B R051525Z R014649A ™ 65 92357711 ™ 65 9178 1178 ™ 65 9273 2212 ™ 65 9683 9000

$7,300,000 $2,350,000 $450,000 $150,000 177 Toa Payoh Central - Shop for Race Course Road - Shophouse for Admiralty Industrial Park - Factory Woodlands East Industrial Estate - sale sale for sale Factory for sale TOA PAYOH CENTRAL, 310177 Singapore RACE COURSE ROAD, 210681 Singapore WOODLANDS INDUSTRIAL PARK E1, 757743 WOODLANDS LINK, 738322 Singapore Singapore 99 years | Size(sqft): 2,776 | PSF: $2,630 99 years | Size(sqft): 1,076 | PSF: $2,184 30 years | Size(sqft): 1,500 | PSF: $100 60 years | Size(sqft): 1,571 | PSF: $286

2 amalgamated shophouses for sale. Rare! Next to HDB Shophouse at Race Course Road. Tenanted Factory at 21 Woodlands Industrial Park E1 for B1 factory at Woodlands Link. Heavy duty cargo Toa Payoh MRT station. Selling with tenancy. High at $ 9,800 (2 tenants $6,500 & $3,300) till 30 June sale. 60 years from 9 January 1995. lift (2,500kg). 40ft container bay. Ceiling height is human traffic. 2018. Near Farrer Park MRT station Exit B. about 4.2m.

Raymond Sim Yvonne Lim Marcus Ng Stan Sukhwant ERA REALTY NETWORK PTE LTD PROPNEX REALTY PTE LTD PROPNEX REALTY PTE LTD PROPNEX REALTY PTE LTD R052823H R023873F R009386Z R004681J ™ 65 9775 9776 ™ 65 9126 9981 ™ 65 9327 4485 ™ 65 8576 8864