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Visit EdgeProp.sg to ˎ nd properties, research market trends and read the latest news The week of April 23, 2018 | ISSUE 827-48

Spotlight Home-sharing Done Deals Deal Watch CSC Land aims high Airbnb-type rentals Rise in luxury property Two-bedroom unit at with Twin VEW allowed only if 80% of purchases by foreign Auralis going for EP6 neighbours agree EP10 buyers EP12 $1.25 mil EP15

SAMUEL ISAAC CHUA/THE EDGE SINGAPORE Race for the $1 billion COLLECTIVE SALE Even as the property market remains buoyant, concerns about ﬁ nding a replacement home are rising. Will this cloud the prospects of collective sale hopefuls? See our Cover Story on Pages 8 to 10.

View of Faber Garden (centre) with the construction of Bright Hill MRT station next door EP2 • EDGEPROP | APRIL 23, 2018 PROPERTY BRIEFS

CBRE JLL

EDITORIAL EDITOR | Cecilia Chow DEPUTY EDITOR | Lin Zhiqin WRITERS | Timothy Tay, Bong Xin Ying, Charlene Chin DIGITAL WRITER | Fiona Ho

ADVERTISING + MARKETING ADVERTISING SALES DIRECTOR, COMMERCIAL OPERATIONS | Cowie Tan ASSOCIATE ACCOUNT DIRECTOR | Diana Lim Faber Garden owners launch en bloc sale at The sale price reflects a land rate of $1,722 psf included extensive structural works, a new building SENIOR ACCOUNT MANAGER | $1.18 bil, potentially largest deal in 2018 per plot ratio (ppr) and owners are expected to re- façade, installation of a brand-new lift, an air-condi- Janice Zhu Owners of Faber Garden (above, left) on Upper Thom- ceive gross sale proceeds of $3.476 million to $7.73 tioning system and full F&B provisions. The heritage ACCOUNT MANAGERS | son Road have launched a collective sale of their million per unit. property was transformed into a modern and con- James Chua, Bernard Wong SALES STRATEGIST | 34-year-old freehold condominium at a reserve price T here will be no additional development charge, temporary space. Han YaoGuang of $1.18 billion, with bidding to start on April 17. The owing to the high development baseline, says Swee Located within the Central Business District, the development sits on a 12.5-acre (5.1ha) plot and is Shou Fern, senior director of investment advisory site is a short walk from the Chinatown and Telok CIRCULATION located next to the Bright Hill MRT station, which is at Edmund Tie & Co. The land rate therefore stands Ayer MRT stations as well as the upcoming Maxwell DIRECTOR | Dominic Kevin Sim MANAGER | Bryan Kek slated to open in 2021. at $1,565 psf ppr, including the 10% bonus balcony MRT station. EXECUTIVE | According to URA’s 2014 Masterplan, the site is area. Asia Gardens comprises a 23-storey block with The public tender exercise for 64 Club Street clos- Malliga Muthusamy, Ashikin Kader zoned “residential” with a plot ratio of 1.6 and height 80 units and four penthouses. es on June 1. CORPORATE limit of 12 storeys. The maximum gross floor area The condo is close to the Central Business Dis- CHIEF EXECUTIVE OFFICER | (GFA) allowed is 871,581 sq ft and 958,739 sq ft for trict and prime locations such as Marina Bay, Clarke Choon Kim House launched for Bernard Tong units with balconies. Quay and Orchard Road. en bloc sale at $55 mil PUBLISHER Based on guidelines, the site can accommodate Last July, Sustained Land purchased The Albracca Choon Kim House (below, right), a freehold four-sto- The Edge Property Pte Ltd more than 1,150 units. The estimated development in an en bloc deal for $69.119 million. Following that, rey-cum-attic development located on Upper Seran- 150 Cecil Street #13-00 charge to maximise the GFA is $52.8 million and in December, SL Capital (3) Pte Ltd, a Sustained Land- goon Road, is up for collective sale by tender at an Singapore 069543 Tel: (65) 6232 8688 $106.7 million if it includes the 10% bonus balcony led consortium, purchased Parkway Mansion in a col- asking price of $55 million ($1,287 psf ppr), accord- Fax: (65) 6232 8620 area, according to marketing agent CBRE. lective sale for $146.99 million. ing to sole marketing agent JLL. Faber Garden comprises three shop units and 233 A land rate of $1,257 psf ppr can be obtained after PRINTER apartments. Prominent landmarks in the area include Shophouse at 64 Club Street up for sale factoring in the 10% bonus balcony area for the resi- KHL Printing Co Pte Ltd 57 Loyang Drive Windsor Nature Park, Lower Pierce Reservoir and the with $25 mil price tag dential component. This is inclusive of the estimated Singapore 508968 Singapore Island Country Club. A restored two-storey conservation shophouse at 64 $4.9 million development charge payable. Tel: (65) 6543 2222 The collective sale, if successful, will be the largest Club Street (above, right) is up for sale at an asking Completed in the early 2000s, Choon Kim House Fax: (65) 6545 3333 en bloc sale this year. The record for the highest en price of $25 million, according to exclusive market- consists of 20 commercial and 10 residential units, PERMISSION AND bloc sale price in Singapore is held by Farrer Court, ing agent JLL. as well as 19 carpark lots in the basement. Under REPRINTS which was sold for $1.34 billion in 2007. The 2,250 sq ft site has a GFA of 5,618 sq ft and the 2014 Master Plan, the 14,988 sq ft site is zoned Material in The Edge Property is located in the Telok Ayer Conservation Area. As it “commercial and residential”, with a gross plot ra- may not be reproduced in any form without the written Asia Gardens sold en bloc to Sustained is zoned “commercial” under the 2014 Master Plan, tio of 3.0. The site may support a total GFA of 47,661 permission of the publisher Land-led consortium for $343 mil foreigners are eligible to purchase the property. There sq ft, which is inclusive of the 10% bonus balcony Asia Gardens (below, left), on Everton Road in Dis- is also no additional buyer’s stamp duty or seller’s area; or an estimated 35 residential and 22 commer-

We welcome your comments trict 2, has inked an en bloc deal of $343 million with stamp duty imposed. cial units, assuming a 60:40 mix for the residential and criticism: propertyeditor.sg@ a consortium led by Sustained Land. Situated in the cul-de-sac of Club Street, the property and commercial components. bizedge.com The development sits on 72,059 sq ft of land and has a 40m-wide dual frontage and comes with a base- More than 90% of the owners consented to the can be redeveloped into a 36-storey condominium ment and an attic. It is permanently fully approved for collective sale during the general meeting. Pseudonyms are allowed but please state your full name, with 264 apartment units, subject to approval from restaurant use. There are two entrances to the property Choon Kim House is 700m away from the Seran- address and contact number for the authorities. — one on Club Street and the other on Ann Siang Road. goon bus and MRT interchange. A wide range of amen- us to verify. The shophouse is fully leased to Caffe B, a Japa- ities at the nearby Nex megamall will be accessible to ET&CO nese-Italian fusion restaurant, and is located next to future residents of the development. The site is near the Chinese Weekly Entertainment Club, a private reputable educational institutions such as Paya Leb- millionaire’s club with a history going back to 1891. ar Methodist Girls’ School, Maris Stella High School In April 2016, the shophouse was refurbished for and CHIJ Our Lady of Good Counsel. about $3 million. The asset enhancement programme The tender for Choon Kim House closes on May 21.

JLL EDGEPROP | APRIL 23, 201 • EP3 PROPERTY BRIEFS

MILEAGE COMMUNICATIONS Banyan Tree’s new Brisbane project So far, the fund, LAO V, has invested about London developer launches Cashmere showcased at St Regis Singapore 37% of its capital. It owns a diversified port- Wharf apartments Banyan Tree’s newly launched Brisbane Resi- folio of office, retail, hospitality and logis- Cashmere Wharf (left), an apartment build- dences will be showcased at The St Regis Sin- tics properties in Singapore and Asian cit- ing in the heart of mixed-use development gapore on April 21 and 22 from 11am to 7pm. ies such as Tokyo, Osaka, Nagoya, Shanghai London Dock in Wapping, will be launched The project, located at Kangaroo Point in and Hangzhou. for sale over the weekend of April 21 and 22 Brisbane’s Central Business District, features LAO V is the fifth in LaSalle’s series of in Singapore by London residential develop- 100 freehold private residences over 10 levels, closed-end funds in Asia and has secured er St George. at prices starting from A$550,000 ($560,700). commitments of US$1.15 billion. The total Standing at 26 storeys and designed by Pa- There are four penthouses, 15 three-bedroom amount was obtained from 20 external insti- tel Taylor, Cashmere Wharf will be the tallest apartments, 41 two-bedroom apartments and tutional investors from Asia, Europe, the Mid- building at London Dock when the building 40 one-bedroom apartments. dle East and the US. is completed in the third and fourth quarters Homeowners will be able to enjoy 24-hour The fund looks for mispriced assets, tak- of 2021. It will comprise 141 contemporary concierge service, an on-site spa and retail ing advantage of repositioning and redevel- Manhattan, one-, two- and three-bedroom gallery, gym and swimming pool facilities, a opment opportunities in Singapore and econ- apartments that will have panoramic views of rooftop garden and dining venues. The site omies such as Australia, China, Hong Kong, London and the River Thames. Each unit will is also close to universities, hospitals and lei- Japan and Korea. The capital raised will enable have high-quality interiors in addition to out- sure facilities. it to buy about US$3.3 billion worth of assets. door spaces such as large terraces and balco- Residents will receive memberships to the “Investors are drawn to this region for its nies. A selection of apartments will come with Banyan Tree Sanctuary Club, with discounts healthy market fundamentals, risk-return di- winter gardens. and privileges at The Banyan Group’s resorts, versification opportunities afforded by varying London Dock is highly accessible, being spas and galleries. They will also be given free market cycles, and the rising demand for core within a short walk of Zone 1 transport con- accommodation for a week each year for up to assets,” says Mark Gabbay, CEO and chief in- nections from Tower Hill and Aldgate. The five years in selected Banyan Tree resorts and vestment officer of LaSalle Asia Pacific. Elizabeth Line on the Crossrail will also serve one free monthly spa treatment for up to two the nearby Whitechapel, further opening up years at the on-site spa in Brisbane. London’s Filmworks launched in access to the wider capital. The Brisbane development is Banyan Tree’s Singapore from £524,950 ($977,557). On completion, London Dock will offer 7.5 first branded residence in Australia. The group Filmworks, a mixed-use development in the The development is on the new Elizabeth acres (3ha) of open space for relaxing or en- has so far launched Banyan Tree Residences London suburb of Ealing, was launched for train line, slated to open in December and fer- tertaining, and surrounding this focal point in China, Indonesia, Mexico, Thailand, UAE sale at the Berkeley Group Singapore office ry residents to key locations such as the City will be a collection of independent boutique and Vietnam. at Marina Bay Financial Centre on April 18. of London and Canary Wharf. With the public restaurants, bars and shops for residents and The development, in the heart of Ealing transport, travel to Heathrow Airport will take the public to enjoy. Residents will also have LaSalle raises over US$1.1 bil for Asia town centre, will feature more than 200 con- about 14 minutes, and residents can expect to exclusive access to on-site facilities, which fund, exceeds US$750 mil target temporary one-, two- and three-bedroom apart- reach Canary Wharf in less than half an hour. will include a state-of-the-art gym and a 20m LaSalle Investment Management, a real-es- ments, studio apartments and penthouses. The St George, the developer, will also build a swimming pool. tate investment firm, has raised more than sale of the development is being launched in 1,000-seat Picturehouse cinema and an array Cashmere Wharf is on a 999-year lease from US$1.1 billion ($1.4 billion) in equity for its phases, starting with its apartment units, ac- of shops, restaurants and bars. Big names will July 1989. The Singapore launch will be held at Asia fund, exceeding its initial US$750 mil- cording to a spokesperson for Savills, the sole include Vapiano, an Italian restaurant, and Marina Bay Financial Centre Tower 2. — Com- lion target. marketing agent for the project. Prices start Planet Organic, a UK organic supermarket. piled by Charlene Chin and Bong Xin Ying E EP4 • EDGEPROP | APRIL 23, 2018 MARKET TRENDS

Private new home sales up 86% m-o-m in March

OXLEY HOLDINGS | BY BONG XIN YING |

n March, developers sold 716 new private homes, an 86% increase m-o-m, but a 60% drop y-o-y, according to URA data. The y-o-y contraction in new home sales last Imonth belies the strong underlying residential demand, with secondary sales in 1Q2018 at 3,518 units, up 50% y-o-y, says Credit Suisse. The estimated number of new private homes sold in 1Q2018 is 1,627 units, a 12.7% decline from the previous quarter, but a 45.1% drop y-o-y, according to JLL. The tally for this quarter is lower than the 2,962 new homes sold in 1Q2017, mainly owing to fewer launches. Still, the sales momentum that picked up in March will continue to gather speed, with more launches in the coming months, notes Desmond Sim, head of CBRE Research, Singa- pore and Southeast Asia. In March, The Tapestry moved 329 units at a median price of $1,408 psf, considered a new benchmark price for a newly launched project in Tampines. Besides The Tapestry, other top-sell- On the first day of sales, 129 out of a total of 170 units at The Verandah Residences were sold at an average price of $1,800 psf ing private residential projects last ERA month included Grandeur Park Res- tin Modern sold 20 units in March idences, which was launched a year at a median price of $2,772 psf, ago at $1,406 psf and sold 40 units last much higher than the launch price Some upcoming launches month at a median price of $1,532 psf. of $2,152 psf. PROJECT NAME LOCATION DEVELOPER TENURE NUMBER OF UNITS TARGETED LAUNCH Parc Botannia, launched last No- April is expected to see a surge in Twin VEW West Coast Vale CSC Land 99 years 520 April 21 (preview) vember at a median price of $1,287 the sales of private residential units, Margaret Ville Margaret Drive MCL Land 99 years 275 (estimated) — psf, also raised selling prices, with given the strong take-up rates at The Amber 45 Amber Road UOL Freehold 139 — 30 units sold at a median price of Verandah Residences on the first day $1,310 psf last month. Kingsford (129 out of 170 units sold at an aver- Waterbay sold 32 units at a median age price of $1,800 psf) and phase 2 Rivercove Residences likewise saw believes the healthy take-up rates for On the back of these launches, price of $1,377 psf and Gem Res- of Park Place Residences at Paya Leb- strong sales of 80% last weekend at these projects at new benchmark pric- Eugene Lim, key executive officer idences sold 23 units at a median ar Quarter (149 units sold at an av- an average price of $965 psf. es this month is proof that the high- of ERA Realty, is expecting private price of $1,513 psf. erage price of $1,900 to $2,000 psf). Christine Sun, head of research er selling prices are gaining market developer new home sales to reach Furthermore, high-end project Mar- The 628-unit executive condominium and consultancy at OrangeTee & Tie, acceptance. 13,000 to 15,000 units this year. E

Executive condos to cross $1,000 psf

HUTTONS ASIA | BY BONG XIN YING | ASP of $870 psf in November 2014. While it was not a surprise that Rivercove n the executive condominium segment, devel- Residences did well, owing to the lack of new opers sold 72 new EC units in March, down EC supply that caters to the “sandwiched I21.7% from the 92 units transacted in Febru- class”, the sharp increase in prices also reflects ary. On a y-o-y basis, this was an 87.5% drop a strong rerating for EC and private home pric- in transaction volume. es in the Sengkang/Punggol area. In the absence of fresh launches, EC pro- It is widely expected that the new EC on Su- jects with more significant sales were Signa- mang Walk, in Punggol, could be priced above ture at Yishun (39 units sold at a median price $1,000 psf. This would be comparatively high- of $789 psf) and Northwave (19 units sold at er than other ECs in the Sengkang/Punggol vi- a median price of $843 psf). A few other EC cinity that have been launched at median pric- projects had sales of less than 10 units during es of $750 to $813 psf between 2013 and 2016, the month. Most launched EC projects are al- notes Tricia Song, head of research for Singa- ready substantially sold, hence the low sales pore at Colliers International. figures, according to property consultants. The site on Sumang Walk received 17 bids In April, transaction volume is expect- The crowd on the first day of sales at Rivercove Residences, where close to 80% of 628 units were sold at the close of the tender in February. It was ed to get a lift from the launch of Rivercove at an average price of $965 psf by ballot sold for $509.37 million to a joint venture com- Residences on Anchorvale Lane in Seng- pany set up by City Developments and TID Pte kang, the only EC project to be launched so executive director of ZACD Group. 531 units at Hundred Palms Residences were Ltd. The price translates into $583 psf per plot far in 2018. On the first day of sales on April Rivercove Residences’ average selling price sold on the first day. ratio, which is 64% higher than the top bid 14, nearly 80% of the 628 units were sold is almost 15% higher than the ASP of $842 psf The previous record price for an EC was of $355 psf ppr paid by Hoi Hup Realty and at an average price of $965 psf, which is a achieved at Hundred Palms Residences when set by the 546-unit Lake Life in Jurong Lake Sunway Developments for the Rivercove Res- record price for an EC, notes Nicholas Mak, it was launched in July 2017. In fact, all the District. It was launched and fully sold at an idences site in August 2016. E EDGEPROP | APRIL 23, 2018 • EP5 EP6 • EDGEPROP | APRIL 23, 2018 SPOTLIGHT

PICTURES: CSC LAND

The 520-unit, 36-storey twin towers of Twin VEW on West Coast Vale

CSC Land aims high with Twin VEW

| BY BONG XIN YING | Designed by P&T Consultants, Twin VEW is a 99-year leasehold pro- SC Land Group, the property ject with 520 residential units that development subsidiary of sits on a land area of 176,293 sq ft. China Construction (South It has a wide mix of units that range Pacific) Development, is the from one- to four-bedroom units to new kid on the block. But penthouses. One-bedroom units start Cthat has not deterred it from setting from 484 sq ft and are priced from its sights high with its first residen- $650,000. Two-bedroom units start tial development in Singapore, Twin from 710 sq ft and are priced from VEW on West Coast Vale. $898,000. Three-bedroom units start “We want to set a benchmark from 904 sq ft and are priced from for ourselves in creating quality $1.18 million, while four-bedroom homes for Singaporeans,” says a units start from 1,238 sq ft and are CSC Land spokesperson. “Twin priced from $1.55 million. VEW is our flagship project and Apart from creating quality homes, our intention is to exceed home- Twin VEW is likely to set a new high buyers’ expectations.” for property prices in the Jurong With Twin VEW, CSC Land is area. Property agents are indicating focused on providing homeown- that Twin VEW’s prices could aver- ers with a higher standard of liv- age $1,300 to $1,400 psf. ing. “Unlike other condominiums “Coupled with the recovering in the vicinity, Twin VEW offers a demand for private homes island- The grand lobby with floor-to-ceiling height of 7m unique positioning of space, de- wide and the rising price trend, the sign and quality that are collective- potential for Twin VEW to set new dential prices by end-2018. the fact that Twin VEW is the only VEW site in February 2017 at $292 ly compelling for homebuyers who benchmark prices in the area is The entry prices offered by CSC new residential project in the area million, or $592 psf per plot ratio desire space and good views,” says positive,” says Knight Frank’s Tan. Land provide “an attractive propo- so far since EL Development’s Parc (ppr). CSC Land is one of the Chi- Alice Tan, head of consultancy and Knight Frank is forecasting a 7%-to- sition to capture price upside in the Riviera was fully sold last September. nese developers that have made research at Knight Frank Singapore. 10% y-o-y increase in private resi- future”, says Tan. This is helped by CSC Land clinched the Twin inroads into Singapore’s residen- EDGEPROP | APRIL 23, 2018 • EP7 SPOTLIGHT

Twin VEW offers panoramic views of Pandan Reservoir and Pandan River

ALBERT CHUA/THE EDGE SINGAPORE

Facilities include a reading lounge at the executive zone

The master bedroom of a four-bedroom unit at Twin VEW tial property with aggressive bids shops and a childcare centre within for government land. It beat eight the development. other bidders, including fellow Chi- nese developers MCC Land (which Increased accessibility bid $587 psf ppr for the land par- Enhancing Twin VEW’s appeal is the cel) and Nanshan Group. fact that it is located in a convenient and accessible area. It is near the Wide appeal of units International Business Park and a Twin VEW’s mix of units and vast five-minute drive to Jurong Lake Dis- array of amenities target singles, trict. Amenities there include malls young couples, new families as well such as JCube, Westgate and JEM as multi-generational families. The as well as Jurong Lake Gardens. It larger units ride on the current trend is also just a 20-minute drive to the of a multi-generational household, al- CBD via the West Coast Highway. lowing each family member to have Looking ahead, Jurong Lake Dis- his or her own personal space while trict is poised to be Singapore’s sec- sharing a roof with loved ones. ond CBD. The future Singapore- The viewing lounge at the rooftop of one of the towers “With its superior layout and Malaysia High-Speed Rail terminus ALBERT CHUA/THE EDGE SINGAPORE right sizing for different household will also be located there. sizes, Twin VEW should stand out,” The upcoming Jurong Region says Knight Frank’s Tan. According Line will reportedly have a station to the EdgeProp-Knight Frank Home- in the vicinity of Twin VEW, further buyers’ Sentiment Survey 2018, 57% increasing its accessibility. The Cross of 611 respondents intend to pur- Island Line, which will be 50km in chase a new property for their own length, will link Jurong Lake District use this year. to Changi Airport by 2030. Twin VEW’s landscape design Moreover, Twin VEW is surround- was inspired by rice terraces, cas- ed by well-known educational institu- cading waters and river valleys. The tions such as Nan Hua High School, twin 36-storey towers offer residents the National University of Singapore, views of Pandan Reservoir as well NUS High School of Mathematics and as Pandan River. On the 36th sto- Science as well as United World Col- rey, the sky decks allow residents to lege of SEA. engage in a range of activities such Indeed, the once-overlooked as gatherings and fitness with the western region of Singapore is expect- availability of a star-gazing corner ed to increase in its appeal and value and a sky grill. The facilities include as developments on West Coast Vale, a gymnasium, dining villas and a notably Twin VEW, gain attention and swimming pool. There are also two lift the region to new heights. E The showflat of a four-bedroom unit at Twin VEW EP8 • EDGEPROP | APRIL 23, 2018 COVER STORY

PICTURES: SAMUEL ISAAC CHUA/THE EDGE SINGAPORE Race for the $1 billion COLLECTIVE SALE Even as the property market remains buoyant, concerns about finding a replacement home are rising. Will this cloud the prospects of collective sale hopefuls?

Faber Garden, which is on the market for $1.18 billion, is adjacent to the upcoming Bright Hill MRT station on the Thomson- East Coast Line

| BY CECILIA CHOW | And at the close of the tender, “no- said, ‘Okay, let’s talk.’” 80% of the share value and strata 6-storey blocks. There are 233 resi- body showed up at the box”, he says. Chiang rounded up his fellow area to sign the collective sale agree- dential units comprising apartments, n January 2017, Chiang Kwok His trepidation over another failed members of the last CSC, and they ment (CSA). “This was half the time maisonettes and penthouses, as well Shong had no interest in a collec- collective sale was lifted when he decided to give the collective sale an- it took the last time around when as three shop units. tive sale when he was contacted saw several large privatised HUDC other shot. They invited five proper- we secured 80% on the last day of by a property consultant. A direc- estates such as Rio Casa, Eunos- ty consultants to make a pitch, and the 12-month period,” says Chiang. Changing times tor of several companies, Chiang ville and Serangoon Ville sold in eventually selected CBRE as their The collective sale of Faber Gar- If the reserve price of $1.18 billion Iwas also chairman of the collective May and June last year. So, when marketing agent in August. After ap- den was launched on April 16, at a is achieved, the residential owners sale committee (CSC) at Faber Gar- the same property consultant con- pointing the property consultant and price tag of $1.18 billion. The existing will receive gross proceeds ranging den when it last attempted a collec- tacted him again, he was more re- legal adviser, a valuation was done, development contains just 236 units from $4.38 million to $6.75 million tive sale in 2011. The reserve price ceptive. “I asked what the first fig- and the reserve price was set. sitting on a 12.5 acre, or 544,738 sq each. Meanwhile, owners of the com- then was $830 million. The tender ure for the reserve price was,” says In September, the process of se- ft, site. There are just five blocks in mercial shops will walk away with period in 2011 coincided with a raft Chiang. “When he said it began with curing the 80% majority for a collec- the development: two high-rise towers $1.99 million to $4.83 million each. of property cooling measures rolled a ‘7’, I was shocked at how low it tive sale began. It took six months to of 15 and 19 storeys, as well as three Ten years ago, Faber Garden made out by the government that year. was. When he countered with ‘8’, I get owners representing more than low-rise blocks — a 4-storey and two its first collective sale attempt. At

En bloc deals in 2018 to date* NO PROPERTY NAME LOCATION TENURE BUYER(S) NO OF LAND AREA PLOT UNITS (SQ FT) RATIO 1 Park West Condo Jalan Lempeng, off Clementi Ave 6 99-year SingHaiyi Group and related parties 436 633,967 2.10 2 Kismis View and Lorong Kismis, off Toh Tuck Terrace 99-year Roxy-Pacifi c Holdings and Tong Eng Group family vehicle 44 100,366 1.40 19 Lorong Kismis 3 Th e Wilshire Farrer Road Freehold Roxy-Pacifi c Holdings and Tong Eng Group family vehicle 20 39,130 1.60 4 City Towers Bukit Timah Road Freehold Unit of CK Hutchison Holdings 79 104,531 2.10 5 Pearl Bank Apartments Pearl Bank, off Outram Park 99-year CapitaLand 288 82,376 7.45 6 Riviera Point Kim Yam Road Freehold Macly Group 33 14,579 3.38 7 Cairnhill Mansions Cairnhill Road Freehold Low Keng Huat 61 43,103 3.63 8 Brookvale Park Sunset Way, off Clementi Road 999-year Hoi Hup Realty and Sunway Developments 160 373,008 1.60 9 Hollandia Holland Road Freehold Far East Consortium International 48 53,505 1.60 10 Lotus at Jervois Jervois Road Freehold Fragrance Group 20 19,741 1.40 11 Toho Mansion Holland Road Freehold Koh Brothers Group 32 47,660 1.40 12 Eunos Mansion Jalan Eunos, off Bedok Reservoir Road Freehold Fragrance Group 107 111,735 1.60 13 Goodluck Garden Toh Tuck Road Freehold Qingjian Realty 208 360,130 1.40 14 Katong Park Towers Arthur Road, off Mountbatten Road 99-year Bukit Sembawang Estates 117 140,758 2.10 15 Pacifi c Mansion River Valley Close Freehold GuocoLand Limited and Hong Leong Holdings 290 128,352 3.84 16 Makeway View Makeway Avenue, off Kampong Java Road Freehold Bukit Sembawang Estates 32 41,582 2.80 17 Fairhaven Sophia Road Freehold Lafe Corporation 15 16,660 2.10 18 Ampas Apartment Jalan Ampas, off Balestier Road Freehold Oxley Holdings 43 90,863 1.40 19 Cairnhill Heights Cairnhill Rise Freehold Tiong Seng Holdings and Ocean Sky 20 15,408 2.80 20 Th e Estoril Holland Road Freehold Far East Consortium International 44 84,600 1.60 21 Tulip Garden Farrer Road Freehold MCL Land and Yanlord Land Group 162 316,708 1.60 TOTAL Notes: Updated as at April 18, 2018; 19 Lorong Kismis was purchased in Feburary after Kismis View EDGEPROP | APRIL 23, 2018 • EP9 COVER STORY

that time, several factors were not lective sale was the fourth attempt. in its favour: the global financial “They had this legacy of failed at- crisis, the size of the site given the tempts behind them,” says CBRE’s economic conditions then, and the Tan. “But we told them that if the fact that many owner-occupiers were reserve price was acceptable, we happy living there. “We didn’t take will lead them through the process.” it on then,” says Galven Tan, CBRE Since the start of the year, there executive director of capital markets. have been 21 successful collective In fact, the collective sale attempt sale deals totalling $7.17 billion (see in 2008 never took off, as the nec- table). That has led to speculation essary 80% consensus was never that the current collective sale cy- reached. “I think it stalled at 50%,” cle has peaked and is expected to says Chiang. slow down by 2H2018. In his report Things have changed over the last on April 10, RHB analyst Vijay Nat- 10 years, notes CBRE’s Tan. He cites arajan cites the key reasons for this: the more buoyant property market; the “Steady build-up in supply pipe- upcoming Thomson-East Coast Line line, rising land costs, tighter policy and Bright Hill MRT station which framework and sufficient restocking will be at the doorstep of Faber Gar- of landbank.” den; and the fact that it is the only He expects developers to be se- freehold site in the Upper Thomson Laguna Park is attempting another collective sale with a price tag of about $1.5 billion lective in their bids, with preference area of such size. GEOFF ANG for relatively smaller and well-locat- Located just off Upper Thomson ed sites. While he expects proper- Road, Faber Garden is also near the ty prices to jump 5% to 10% y-o-y, prestigious Singapore Island Country Natarajan remains cautious on the Club, overlooks the Lower Peirce Res- longer-term sustainability of such ervoir and is across the road from the price increases. Windsor Nature Park (TreeTop Walk). CBRE’s Tan believes, however, that Chiang has lived in Faber Gar- there is still a lot of capital in the mar- den since 1994. “I’ve seen my neigh- ket. He points to the number of bids bours’ children grow up, and some are received at the close of the tender for even married now,” he says. “Many the commercial-and-residential site of the owners have lived here for at at Holland Road last month. A total least two decades.” Only 72 owners of 15 bids was received, with sever- (31%) at Faber Garden have outside al developers submitting more than addresses, which means owner-oc- one bid. The expectation is that the cupiers make up about 70%. site will fetch more than $1 billion, Tan: The Thomson area boasts proximity and that the land rate would be in Thomson address, freehold Chiang: Many of the owners have lived to the Nature Reserve, the TreeTop Walk Tan: There’s no equality of profit, just the $2,000 psf ppr range. allure [at Faber Garden] for at least two and the Singapore Island Country Club, equality of sale price It is not just Faber Garden that will “People who grew up in the Thomson decades which has three golf courses enter the market with a price tag of area are fiercely loyal to the neighbour- above $1 billion. Another one, mak- hood,” adds CBRE’s Tan. “They find condominium, which occupies a 99- son Impressions, a 99-year leasehold, the $1 billion threshold so far this ing its third collective sale attempt, is it a struggle to move out of this area.” year leasehold site of 540,314 sq ft 288-unit private condo developed by year, although Pacific Mansion came Laguna Park, located on Marine Pa- The Thomson area has always been on Upper Thomson Road. Nanshan Group. Launched in 2015, close at $980 million. Incidentally, rade Road. The 528-unit privatised perceived as an affluent residential es- Shunfu Ville, a privatised HUDC the project is almost fully sold and it was also brokered by CBRE. The HUDC estate has a 99-year lease tate outside the prime Districts of 9, estate sold en bloc to Qingjian Real- will be completed soon. sale of the 290-unit freehold condo from 1977. Its first collective sale at- 10, 11 and the prime District 15 of East ty in June 2016 for $638 million, is a In District 15, collective sales on on River Valley Close in prime Dis- tempt was in September 2009, with Coast. “While the East Coast may have 99-year leasehold development and Amber Road and Meyer Road have trict 9 translated into a land rate of a price tag of $1.2 billion and JLL as sea views, the Thomson area boasts located next to the Marymount MRT achieved prices above $1,500 psf per $1,806 psf ppr. the marketing agent. In 2011, Lagu- proximity to the Nature Reserve, the station on the Thomson-East Coast plot ratio (ppr). Meanwhile, Faber The only collective site to have na Park was rolled out for collective TreeTop Walk and the Singapore Is- Line. Qingjian Realty is expected to Garden’s reserve price of $1.18 bil- crossed the $1 billion mark was Far- sale a second time at $1.25 billion, land Country Club, which has three launch the new project in August or lion translates into a land rate of rer Court, which was sold en bloc with Knight Frank as the marketing golf courses,” says Tan. “This plot is September, and market indication is $1,414 psf ppr. to a CapitaLand-led consortium for agent. The following year, the price probably the best in District 20.” that prices could be in the “$1,700 $1.3388 billion. That was 11 years tag was raised to $1.33 billion. Other sites in the area that are to $1,800 psf range”. Crossing the billion-dollar ago, and it has since been redevel- Laguna Park’s latest collective also attempting a collective sale in- The last significant new launch in threshold oped into the 1,715-unit d’Leedon. sale attempt began last September clude the 255-unit Thomson View the Upper Thomson area was Thom- No collective sale site has broken For Pacific Mansion, the recent col- and, so far, about 71% of the owners have signed the CSA. Knight VARIOUS PROPERTY CONSULTANTS, MARKETING AGENTS Frank has once again been appoint- ed the marketing agent. The indica- tive price this time is about $1.5 billion. The 677,493 sq ft site can be GFA PRICE PRICE PSF PURCHASE MKTG (SQ FT) ($’ MIL) PPR ($) DATE (2018) AGENT redeveloped into a new development 1,331,331 840.89 850 January Huttons of more than 2,000 units, estimates 154,519 108.45 847 January JLL Ian Loh, Knight Frank executive director and head of investment and 64,310 98.80 1,536 January Savills capital markets. 219,516 401.90 1,847 February Colliers 613,530 728.00 1,515 February Colliers Taking longer to secure 49,265 72.00 1,461 February CBRE majority 156,581 362.00 2,311 February CBRE “A $1 billion collective sale in the 656,494 530.00 932 February JLL current buoyant market is not im- 107,688 183.40 1,703 March Savills possible,” says Tan Hong Boon, 27,637 46.30 1,683 March CBRE JLL regional director. Incidentally, 74,496 120.40 1,805 March ET&Co JLL is marketing the 212-unit Hori- 178,776 220.00 1,118 March Cush&Wake zon Towers on Leonie Hill Road in 504,182 610.00 1,110 March Knight Frank prime District 9. The project has 60 295,592 345.00 1,280 March Cush&Wake years left on its 99-year lease with 542,544 980.00 1,806 March CBRE effect from 1979. So far, about 70% 116,430 168.00 1,626 March ET&Co of the owners have agreed to a col- 34,986 57.00 1,629 March JLL lective sale. 139,929 95.00 1,073 March JLL Using the latest land rate of $1,806 47,455 72.59 1,530 April ERA psf ppr achieved for a collective 148,896 223.94 1,654 April CBRE sale in prime District 9 — with Pa- 557,406 906.89 1,790 April Colliers cific Mansion as a benchmark — 7,170.55 market indication is that Horizon The last launch of a project in the Thomson area was Thomson Impressions in 2015. Towers, which sits on a land area The 288-unit private condo is almost fully sold and close to completion. CONTINUES NEXT PAGE EP10 • EDGEPROP | APRIL 23, 2018 HOME-SHARING Go ahead with Airbnb-type rentals, if 80% of your neighbours agree

SAMUEL ISAAC CHUA/THE EDGE SINGAPORE | BY CHARLENE CHIN | Implications for potential landlords URA also requires home-sharing sites to track he Singapore government is seeking the number of days a unit has been rented out. public feedback on a new policy that Rental bookings have to be rejected if the unit will allow Airbnb-type rentals only if exceeds the 90-day cap. 80% of all residents in the develop- Airbnb’s head of public policy, Mich Goh, ment agree to it. The proposal covers says URA’s move is an “important step for Tprivate apartments and condominiums but ex- the significant number of locals who want to cludes HDB flats. share their homes, and travellers who want a “It is necessary to get the views of all stra- unique and authentic experience when they ta-titled property owners within the develop- visit Singapore”. ment,” says URA in its proposal on April 16. Meanwhile, Anthon Stanish, HomeAway “They should be given a say in the decision vice-president for Asia-Pacific, says there is space on whether or not to fundamentally change for vacation rentals to exist in Singapore “within the nature of their residential property to one clearly defined parameters”, where homeowners, with [a short-term rental agreement] use.” property managers, guests and neighbours can The consent for a unit or units in a private co-exist and benefit from the relationship with- apartment or condo to be leased on a short- out an unintended negative impact. HomeAway term basis is valid for only two years, after is a home-sharing vacation rental site. which it will be subject to a residents’ vote So far, home-shared private residential again. If fewer than 80% of the owners give URA has proposed a 90-day cap and a limit of six persons per rental apartment properties in Singapore have been subject to their consent, short-term rentals will not be a minimum stay of three months. Last June, allowed in the development. prior to listing their homes as short-term rent- ta-title (MCST) board to monitor the owners URA shortened the minimum lease period for Christine Li, head of research at Cushman als. Approved homeowners are also required to who are landlords of apartments on short-term private homes in Singapore to three months & Wakefield, does not expect the 80% consen- equip their homes with safety fire equipment rentals. “As such, landlords are still depend- from six months previously. sus to be achieved easily in a strata-titled pri- such as alarm devices and fire extinguishers. ent on longer-term tenants who are working Last December, two homeowners in Singa- vate residential development. This is because and living in Singapore, rather than short- pore were charged for providing unauthorised it is “rather unlikely” that the majority of own- Striking a balance term tourists.” short-term stays to guests on Airbnb. And ear- ers in a particular private residential develop- URA has said it is unlikely to approve short-term While studies in other markets have found ly this month, they were each fined $60,000 ment purchased their units to offer short-term rentals for properties that are not strata-titled. that Airbnb listings resulted in increased rents, and sentenced to 12 weeks in jail. rentals, she points out. “The government has to strike a balance be- which may consequently lead to higher prop- Serviced apartments, on the other hand, For the minority strata-titled apartment tween being open to disruptive start-ups such erty prices, Li believes the local property mar- have a minimum stay of seven days. They are owners to achieve the 80% consensus, they as Airbnb and safeguarding the interest of res- ket will not be similarly affected as a result of also in areas where “the infrastructure is able may have to offer significant concessions such idents living in high-density dwelling units,” the 90-day cap. to accommodate the higher number of transient as the payment of significantly higher mainte- says Cushman & Wakefield’s Li. The propos- Landed homeowners can apply to URA for users”, says URA. The policy is designed to nance fees to offset the wear and tear to amen- al therefore offers the possibility of short-term their property to be registered as a short-term maintain “the safety and security of the estate”. ities resulting from a higher number of tran- rental accommodation while ensuring that res- rental site. The government will consider each “After studying the issue for some time, we sient tenants, adds Li. idents are able to block it if desired. submission separately. It has said that it is less think it is possible to allow such [short-term The URA has proposed a 90-day cap and a The framework is unlikely to alter the rent- likely to approve landed housing estates in rel- accommodation] in private residential proper- limit of six persons per rental apartment. Ap- al leasing landscape significantly because of atively quiet areas with no formal governance ties, but subject to appropriate regulation and proved hosts will also have to submit a full guest the proposed 90-day cap per year, says Li. The structure as short-term rental sites, as it will safeguards,” says Lawrence Wong, Minister for list to URA, and all registrations are compulsory onus is on the management corporation stra- have a “greater impact” on residents. National Development, in his Facebook post. E

COVER STORY

Persuading owners to take the leap

FROM PREVIOUS PAGE ‘Equality of price, no equality of profit, just equality of sale price.” Persuasion quality stationery for that purpose, of 204,742 sq ft with a plot ratio of of profit’ It is usually very exciting within Another concern in a collective sale and even the envelopes were hand- 3.2828, is likely to have a price tag The difficulty in finding a replace- the first one or two months of a col- is also the seller’s stamp duty, which written. “I believe that’s the correct above $1 billion. ment home is real, however, espe- lective sale, and this is where most has to be paid. This affects recent strategy because some owners do Property consultants concede, how- cially for the collective sale benefi- projects secure 40% to 50% of the home owners who purchased their not like people knocking on their ever, that securing the 80% consen- ciaries that have only one property. owners’ consent. “And then it stalls units before the collective sale was doors. But the handwritten letters sus for a collective sale has become “Collective sales frequently happen because people start asking ques- launched. “SSD has to be paid even did create conversation, and some more challenging. “With land parcels when there’s an uptick in market tions,” notes Tan. “The process is if an owner did not agree to the col- of them started talking to me, and transacted at higher prices, the col- prices,” says Adrian Tan, partner of very long drawn out, and it some- lective sale,” says TSMP’s Tan. “And I explained why I did it.” lective sale owners have also raised litigation and dispute at TSMP Law times takes several months to secure the SSD is paid directly to the gov- A fortnight ago, 12 of the 13 own- their price expectations,” says Knight Corp. “Sellers receive the actual sales the 80% majority to sign the CSA. ernment, out of the owner’s sale ers he wrote to signed the CSA. Ac- Frank’s Loh. “And in a rising market, proceeds two years later, and they Some people who have signed at an proceeds, so the owner effective- cording to Chiang, the two ingredi- the price of a replacement home has are buying their replacement units early stage may regret later.” ly receives far less than his or her ents for securing an 80% consensus also gone up, which makes securing in a rising market.” Sometimes, the issues are person- neighbour.” are clarity and sincerity. the 80% consensus more challeng- Offering a different perspective to al. For instance, a family may have There were also some owners CBRE’s Tan agrees. “Threaten- ing than a year ago.” a collective sale, Tan adds, “Collective purchased a home in a specific con- at Faber Garden who bought their ing or scaring people won’t work,” The cost of a replacement home sales are carried out because some do because it is about 1km from a units in 2017, who may be affected he adds. “Telling people that if they has always been a concern, especial- owners want to sell at a larger profit school they want their child to be by SSD. To persuade owners who don’t sell now, they may have to ly for collective sales where the pre- than they otherwise could in the open enrolled in. The child obtains entry were sitting on the fence about the wait another 10 years for the next mium is marginal, agrees JLL’s Tan. market. In doing so, they are forcing into the school, and the condition is collective sale, as Faber Garden’s CSC collective sale cycle, or that the “It depends very much on the pre- other people to sell, and are infring- that they have to remain at that same chairman, Chiang decided to adopt condominium is very old and fall- mium above the prevailing market ing on their property rights as well as address for at least a year after the a personal approach. “I enjoy writ- ing apart will just make people price. If the premium is big enough, disrupting their lives. And the prof- child starts Primary 1, but then they ing, and I personalised each note more cautious because they will it will be easier to obtain the 80% it motive brings out a lot of ugliness are forced to move out because of a to the individual owners,” he says. think you have an ulterior motive agreement.” in the process. There’s no equality collective sale, says TSMP Law’s Tan. He purchased Conqueror brand’s for wanting to sell.” E EDGEPROP | APRIL 23, 2018 • EP11 GAINS AND LOSSES

PICTURES: SAMUEL ISAAC CHUA/THE EDGE SINGAPORE

At One Shenton, a 1,572 sq ft, three-bedroom unit on the 20th floor recently changed hands for $2.55 The Sea View has seen a string of profitable transactions this year million ($1,623 psf) Five-bedder at The Sea View sold at $1.88 mil profit

| BY FIONA HO | to the matching of caveats. The eight transac- a 560 sq ft, one-bedroom unit on the 21st floor 25%, and an annual loss of 2%. It was also tions so far this year have resulted in profits of another block fetched $1.07 million ($1,912 the biggest loss at the condo this year. he sale of a five-bedroom unit at The ranging from $165,000 to $1.98 million. psf). The last time prices crossed the $1,900 There have been nine unprofitable transac- Sea View on April 6 fetched a $1.88 The 546-unit The Sea View was developed psf mark was during the peak in 2012, when a tions at One Shenton so far this year, with loss- million profit. It was the most profitable by Wheelock Properties and completed in 2008. 560 sq ft, one-bedroom unit on the 10th floor es of between $35,000 and $831,840. The sec- deal in the week of April 3 to 10. The Located on Amber Road in District 15, the free- changed hands for $1.1 million ($1,965 psf). ond most unprofitable transaction took place in seller walked away with an 83% profit, hold condominium is situated about 450m away Meanwhile, the previous owner of a 1,572 February, when a 1,098 sq ft unit on the 30th Tor a 5% annualised profit over 12.1 years. The from the Marine Parade MRT station on the up- sq ft unit at One Shenton made the biggest loss floor was sold at a $670,500 loss. 2,723 sq ft unit on the 22nd floor was sold for coming Thomson-East Coast Line (TEL). in the week under review. The three-bedroom Developed by City Developments, the 341- $4.15 million, or $1,524 psf. It was purchased Prices at The Sea View have been testing new unit on the 20th floor was purchased at $3.38 unit leasehold condo was completed in 2011 and for $2.27 million ($833 psf) in March 2006. highs in recent months. In January, a 1,647 sq million ($2,152 psf) in February 2007 and sold is located in the heart of the CBD. It is also a There have been no unprofitable transac- ft, four-bedroom unit on the 19th floor changed for $2.55 million ($1,623 psf) on April 5. This stone’s throw from Shenton Way MRT station tions at The Sea View since 2015, according hands for $3.2 million ($1,943 psf). Meanwhile, translates into an overall loss of $831,840, or along the upcoming Thomson-East Coast Line. E

URA, EDGEPROP

Top 10 gains and losses from April 3 to 10 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) 1 Th e Sea View 15 2,723 April 6 1,524 March 13, 2006 833 1,880,325 83 5 12.1 2 Casabella 10 3,552 April 3 1,126 Oct 15, 2002 642 1,718,036 75 4 15.5 3 Ardmore Park 10 2,885 April 3 3,252 July 6, 2007 2,773 1,380,000 17 1 10.8 4 Parvis 10 2,013 April 9 2,126 Dec 8, 2009 1,447 1,368,300 47 5 8.3 5 Th e Esta 15 1,561 April 6 1,730 Jan 19, 2009 948 1,220,000 82 7 9.2 6 Th e Loft 10 2,013 April 6 1,431 Sept 1, 2003 882 1,142,001 66 4 14.6 7 Th e Sterling 21 1,292 April 6 1,703 July 1, 2001 875 1,070,000 95 4 16.8 8 Cote D’Azur 15 1,389 April 5 1,318 July 22, 2002 558 1,054,830 136 6 15.7 9 Kellett Court 11 1,356 April 3 1,416 Jan 2, 2002 664 1,020,000 113 5 16.3 10 Amaranda Gardens 19 1,259 April 5 1,413 Dec 27, 2001 621 998,352 128 5 16.3

Non-proﬁ table deals

PROJECT DISTRICT AREA (SQ FT) SOLD ON (2018) SALE PRICE ($ PSF) BOUGHT ON PURCHASE PRICE ($ PSF) LOSS ($) LOSS (%) ANNUALISED LOSS (%) HOLDING PERIOD (YEARS) 1 One Shenton 1 1,572 April 5 1,623 Feb 5, 2007 2,152 831,840 25 2.0 11.2 2 One Tree Hill Residence 10 1,227 April 6 2,100 Nov 23, 2007 2,420 392,640 13 1.0 10.4 3 Helios Residences 9 1,313 April 10 2,323 Aug 29, 2011 2,604 370,000 11 2.0 6.6 4 Th e Vermont On Cairnhill 9 915 April 4 2,426 Feb 13, 2012 2,700 250,000 10 2.0 6.1 5 Estrivillas 10 6,211 April 9 576 Nov 2, 2009 612 219,434 6 1.0 8.4 6 East Village 16 1,346 April 5 846 April 5, 2012 1,030 181,332 14 2.0 6.0 7 Ascentia Sky 3 1,475 April 9 1,221 June 21, 2011 1,329 159,400 8 1.0 6.8 8 Th e Rochester 5 1,948 April 4 1,222 Oct 3, 2007 1,283 120,000 5 0.5 10.5 9 Starlight Suites 9 850 April 6 1,823 May 14, 2010 1,947 105,375 6 1.0 7.9 10 Sanctuary Green 15 3,940 April 6 787 June 24, 2011 812 100,000 3 0.5 6.8

Note: Computed based on URA caveat data as at April 17 for private non-landed houses transacted between April 3 and 10. Th e proﬁ t-and-loss computation excludes transaction costs such as stamp duties. EP12 • EDGEPROP | APRIL 23, 2018 DONE DEALS

Rise in luxury property purchases by foreigners

SAMUEL ISAAC CHUA/THE EDGE SINGAPORE | BY CHARLENE CHIN | house sits on a land area of 8,633 sq ft. Like all the properties in Sentosa ver the week of April 3 to Cove, it has a 99-year lease. The sell- 10, there were four transac- er purchased the house in a sub-sale tions that crossed the $10 for $10.5 million ($1,216 psf) in 2009. million mark. The chart Another transaction that crossed topper was a five-bedroom the $10 million mark was a detached Ounit on the first level of luxury con- house on Chancery Lane in prime Dis- dominium Leedon Residence that trict 11. The house occupies a freehold fetched $12 million ($1,828 psf). The land area of 4,338 sq ft and fetched 381-unit, freehold Leedon Residence, $10.5 million ($2,419 psf). developed by GuocoLand, was com- This year has seen an increase in pleted in 2015. It is located on Leedon the number of non-landed private Heights in prime District 10. residential property purchases by The buyer of the 6,566 sq ft unit foreigners, including permanent res- at Leedon Residence is a Chinese na- idents. This is particularly noticeable tional, says Dominic Lee, head of the for transactions above $5 million. Ac- luxury team at PropNex Realty who cording to Nicholas Mak, executive di- brokered the sale. This was not the rector of ZACD Group, deals above $5 only unit purchased by the buyer, million saw a 78% jump in the Janu- who is believed to have snapped up ary 2017-March 2018 period from the another unit at New Futura, a lux- October 2015-December 2016 period. ury freehold 124-unit condo by City Chinese were the biggest buyers, fol- Developments located on Leonie Hill lowed by Indonesians and Malaysians, Road in prime District 9. adds ZACD. At Tomlinson Heights, a 4,047 sq According to PropNex’s Lee, the ft, five-bedroom unit on the second Singapore property market is entic- level of the 36-storey tower was sold ing to foreign buyers, especially since for $10.5 million ($2,594 psf). The Hong Kong property prices are still at 70-unit boutique, freehold develop- stratospheric levels despite the more ment by Hotel Properties is on Tom- punitive property cooling measures. linson Road in prime District 10 and Foreign investors are also flocking was completed in 2014. to Singapore, given the slowdown in Two other deals were for detached the housing markets in Canada, Aus- houses. One was a bungalow on tralia and the UK, says Edmund Tie & Paradise Island in Sentosa Cove Co in its 1Q2018 residential report. Sin- that fetched $11.2 million, according gapore looks attractive, as the private to a caveat lodged on April 10. The residential market is on the uptrend. E The buyer of the $12 million unit at Leedon Residence is said to be a Chinese national

Residential transactions with contracts dated April 3 to 10

LOCALITIES DISTRICTS Singapore — by postal district LAND AREA/ NETT UNIT City & Southwest 1 to 8 FLOOR AREA TRANSACTED PRICE PRICE COMPLETION TYPE OF PROJECT PROPERTY TYPE TENURE SALE DATE (SQ FT) PRICE ($) ($) ($ PSF) DATE SALE Orchard/Tanglin/Holland 9 and 10 District 3 Newton/Bukit Timah/Clementi 11 and 21 ARTRA Apartment 99 years April 3, 2018 786 1,589,300 - 2,023 Uncompleted New Sale Balestier/MacPherson/Geylang 12 to 14 ARTRA Apartment 99 years April 7, 2018 829 1,734,500 - 2,093 Uncompleted New Sale East Coast 15 and 16 ARTRA Apartment 99 years April 7, 2018 786 1,561,700 - 1,987 Uncompleted New Sale Changi/Pasir Ris 17 and 18 ASCENTIA SKY Condominium 99 years April 9, 2018 1,475 1,800,000 - 1,221 2013 Resale Serangoon/Thomson 19 and 20 QUEENS Condominium 99 years April 6, 2018 1,184 1,410,000 - 1,191 2002 Resale West 22 to 24 QUEENS PEAK Condominium 99 years April 4, 2018 2,002 3,249,000 - 1,623 Uncompleted New Sale North 25 to 28 QUEENS PEAK Condominium 99 years April 6, 2018 861 1,674,000 - 1,944 Uncompleted New Sale TANGLIN VIEW Condominium 99 years April 3, 2018 1,152 1,390,000 - 1,207 2001 Resale THE ANCHORAGE Condominium Freehold April 6, 2018 1,830 2,250,000 - 1,230 1997 Resale THE CREST Condominium 99 years April 3, 2018 1,604 3,513,000 - 2,190 2017 Resale THE CREST Condominium 99 years April 4, 2018 614 1,274,000 - 2,076 2017 Resale THE CREST Condominium 99 years April 4, 2018 635 1,335,000 - 2,102 2017 Resale THE CREST Condominium 99 years April 5, 2018 1,195 2,196,000 - 1,838 2017 Resale THE CREST Condominium 99 years April 5, 2018 1,453 2,800,000 - 1,927 2017 Resale THE CREST Condominium 99 years April 5, 2018 1,249 2,313,000 - 1,852 2017 Resale THE CREST Condominium 99 years April 6, 2018 1,227 2,259,000 - 1,841 2017 Resale District 4 PARADISE ISLAND Detached 99 years April 10, 2018 8,633 11,200,000 - 1,297 2009 Resale REFLECTIONS AT KEPPEL BAY Condominium 99 years April 5, 2018 926 1,720,000 - 1,858 2011 Resale District 5 BIJOU Apartment Freehold April 5, 2018 560 1,028,000 - 1,837 Uncompleted New Sale BIJOU Apartment Freehold April 7, 2018 570 1,123,595 - 1,970 Uncompleted New Sale LAND AREA/ NETT UNIT HARBOUR VIEW GARDENS Apartment Freehold April 3, 2018 689 1,192,000 - 1,730 Uncompleted New Sale FLOOR AREA TRANSACTED PRICE PRICE COMPLETION TYPE OF PROJECT PROPERTY TYPE TENURE SALE DATE (SQ FT) PRICE ($) ($) ($ PSF) DATE SALE HARBOUR VIEW GARDENS Apartment Freehold April 3, 2018 657 1,154,000 - 1,758 Uncompleted New Sale District 1 HARBOUR VIEW GARDENS Apartment Freehold April 4, 2018 603 1,089,000 - 1,807 Uncompleted New Sale MARINA ONE RESIDENCES Apartment 99 years April 3, 2018 1,518 4,456,188 - 2,936 2017 New Sale HARBOUR VIEW GARDENS Apartment Freehold April 4, 2018 635 1,158,000 - 1,823 Uncompleted New Sale MARINA ONE RESIDENCES Apartment 99 years April 5, 2018 1,539 3,500,000 - 2,274 2017 New Sale HARBOUR VIEW GARDENS Apartment Freehold April 5, 2018 570 1,014,000 - 1,777 Uncompleted New Sale MARINA ONE RESIDENCES Apartment 99 years April 6, 2018 1,539 3,561,268 - 2,314 2017 New Sale HARBOUR VIEW GARDENS Apartment Freehold April 6, 2018 624 1,076,000 - 1,723 Uncompleted New Sale MARINA ONE RESIDENCES Apartment 99 years April 6, 2018 1,518 3,719,070 - 2,450 2017 New Sale HARBOUR VIEW GARDENS Apartment Freehold April 6, 2018 904 1,526,000 - 1,688 Uncompleted New Sale MARINA ONE RESIDENCES Apartment 99 years April 7, 2018 1,539 3,726,994 - 2,421 2017 New Sale HARBOUR VIEW GARDENS Apartment Freehold April 7, 2018 1,001 1,699,000 - 1,697 Uncompleted New Sale MARINA ONE RESIDENCES Apartment 99 years April 8, 2018 1,518 4,215,513 - 2,778 2017 New Sale HARBOUR VIEW GARDENS Apartment Freehold April 7, 2018 840 1,456,000 - 1,734 Uncompleted New Sale ONE SHENTON Apartment 99 years April 5, 2018 1,572 2,550,000 - 1,623 2011 Resale HARBOUR VIEW GARDENS Apartment Freehold April 7, 2018 840 1,466,000 - 1,746 Uncompleted New Sale District 2 HARBOUR VIEW GARDENS Apartment Freehold April 7, 2018 603 1,083,000 - 1,797 Uncompleted New Sale ICON Apartment 99 years April 3, 2018 570 1,080,000 - 1,893 2007 Resale PALM MANSIONS Apartment Freehold April 5, 2018 980 1,080,000 - 1,103 1998 Resale ICON Apartment 99 years April 4, 2018 560 1,100,000 - 1,965 2007 Resale REGENT PARK Condominium 99 years April 6, 2018 904 960,000 - 1,062 1997 Resale SPOTTISWOODE RESIDENCES Condominium Freehold April 3, 2018 603 1,250,000 - 2,074 2013 Resale REGENT PARK Condominium 99 years April 9, 2018 1,152 1,100,000 - 955 1997 Resale WALLICH RESIDENCE AT SEAHILL Condominium 99 years April 9, 2018 495 740,000 - 1,495 2016 Resale TANJONG PAGAR CENTRE Apartment 99 years April 3, 2018 646 2,061,000 - 3,191 2017 New Sale THE CLEMENT CANOPY Apartment 99 years April 3, 2018 990 1,486,000 - 1,501 Uncompleted New Sale EDGEPROP | APRIL 23, 2018 • EP13 DONE DEALS

Residential transactions with contracts dated April 3 to 10

LAND AREA/ NETT UNIT LAND AREA/ NETT UNIT FLOOR AREA TRANSACTED PRICE PRICE COMPLETION TYPE OF FLOOR AREA TRANSACTED PRICE PRICE COMPLETION TYPE OF PROJECT PROPERTY TYPE TENURE SALE DATE (SQ FT) PRICE ($) ($) ($ PSF) DATE SALE PROJECT PROPERTY TYPE TENURE SALE DATE (SQ FT) PRICE ($) ($) ($ PSF) DATE SALE THE CLEMENT CANOPY Apartment 99 years April 3, 2018 990 1,477,000 - 1,491 Uncompleted New Sale GEM RESIDENCES Condominium 99 years April 6, 2018 1,313 1,984,000 - 1,511 Uncompleted New Sale THE CLEMENT CANOPY Apartment 99 years April 4, 2018 990 1,439,000 - 1,453 Uncompleted New Sale KALLANG RIVERSIDE Apartment Freehold April 7, 2018 1,141 2,698,000 - 2,365 Uncompleted New Sale THE CLEMENT CANOPY Apartment 99 years April 6, 2018 990 1,433,000 - 1,447 Uncompleted New Sale KALLANG RIVERSIDE Apartment Freehold April 7, 2018 1,432 3,299,421 - 2,305 Uncompleted New Sale THE CLEMENT CANOPY Apartment 99 years April 6, 2018 990 1,430,000 - 1,444 Uncompleted New Sale KALLANG RIVERSIDE Apartment Freehold April 7, 2018 1,432 3,103,448 - 2,168 Uncompleted New Sale THE CLEMENT CANOPY Apartment 99 years April 6, 2018 732 1,188,000 - 1,623 Uncompleted New Sale KALLANG RIVERSIDE Apartment Freehold April 7, 2018 1,432 3,210,924 - 2,243 Uncompleted New Sale THE CLEMENT CANOPY Apartment 99 years April 7, 2018 1,345 1,938,000 - 1,440 Uncompleted New Sale MOONSTONE RESIDENCES Apartment Freehold April 5, 2018 1,238 1,320,000 - 1,066 2004 Resale THE CLEMENT CANOPY Apartment 99 years April 7, 2018 1,345 1,945,000 - 1,446 Uncompleted New Sale MOONSTONE VIEW Apartment Freehold April 6, 2018 1,076 1,050,000 - 975 2000 Resale THE CLEMENT CANOPY Apartment 99 years April 8, 2018 990 1,394,000 - 1,408 Uncompleted New Sale NADIA MANSIONS Apartment Freehold April 9, 2018 2,282 2,380,000 - 1,043 1985 Resale THE CLEMENT CANOPY Apartment 99 years April 8, 2018 1,109 1,655,000 - 1,493 Uncompleted New Sale PARC HAVEN Apartment Freehold April 4, 2018 1,475 1,621,000 - 1,099 2004 Resale THE ORIENT Apartment Freehold April 10, 2018 990 1,844,000 - 1,862 2017 Resale SHAN GATE APARTMENTS Apartment Freehold April 5, 2018 753 938,000 - 1,245 1991 Resale THE PARC CONDOMINIUM Condominium Freehold April 9, 2018 2,239 2,080,000 - 929 2010 Resale THE ARTE Condominium Freehold April 4, 2018 3,810 3,950,000 - 1,037 2010 Resale THE ROCHESTER Apartment 99 years April 4, 2018 1,948 2,380,000 - 1,222 2011 Resale THE INTERWEAVE Apartment Freehold April 6, 2018 689 940,000 - 1,365 2014 Resale THE TRILINQ Condominium 99 years April 3, 2018 1,345 1,688,000 - 1,255 2017 New Sale District 13 THE VERANDAH RESIDENCES* Apartment Freehold April 7, 2018 689 1,315,000 - 1,909 Uncompleted New Sale MACPHERSON GARDEN ESTATE Terrace Freehold April 6, 2018 883 1,800,000 - 2,037 Unknown Resale THE VERANDAH RESIDENCES Apartment Freehold April 7, 2018 689 1,286,000 - 1,867 Uncompleted New Sale MACPHERSON GARDEN ESTATE Terrace Freehold April 9, 2018 915 1,400,000 - 1,532 Unknown Resale THE VERANDAH RESIDENCES Apartment Freehold April 7, 2018 807 1,357,000 - 1,681 Uncompleted New Sale MACPHERSON GARDEN ESTATE Terrace Freehold April 10, 2018 883 1,600,000 - 1,808 Unknown Resale THE VERANDAH RESIDENCES Apartment Freehold April 7, 2018 689 1,292,000 - 1,875 Uncompleted New Sale OASIS @ MULBERRY Terrace Freehold April 3, 2018 2,357 3,250,000 - 1,381 2006 Resale THE VERANDAH RESIDENCES Apartment Freehold April 7, 2018 603 1,112,000 - 1,845 Uncompleted New Sale THE POIZ RESIDENCES Apartment 99 years April 3, 2018 1,184 2,000,000 - 1,689 Uncompleted New Sale THE VERANDAH RESIDENCES Apartment Freehold April 7, 2018 710 1,167,000 - 1,643 Uncompleted New Sale District 14 THE VERANDAH RESIDENCES Apartment Freehold April 7, 2018 603 1,100,000 - 1,825 Uncompleted New Sale ASTORIA PARK Condominium 99 years April 9, 2018 1,173 1,170,000 - 997 1995 Resale THE VERANDAH RESIDENCES Apartment Freehold April 7, 2018 603 1,106,000 - 1,835 Uncompleted New Sale DAKOTA RESIDENCES Condominium 99 years April 9, 2018 1,970 2,600,000 - 1,320 2010 Resale THE VERANDAH RESIDENCES Apartment Freehold April 7, 2018 603 1,130,000 - 1,875 Uncompleted New Sale LE CRESCENDO Condominium Freehold April 3, 2018 1,539 1,880,000 - 1,221 2006 Resale THE VERANDAH RESIDENCES Apartment Freehold April 7, 2018 700 1,335,000 - 1,908 Uncompleted New Sale JALAN EUNOS Terrace Freehold April 4, 2018 1,862 2,600,000 - 1,395 1995 Resale THE VERANDAH RESIDENCES Apartment Freehold April 7, 2018 700 1,312,000 - 1,875 Uncompleted New Sale PARK PLACE RESIDENCES AT PLQ* Apartment 99 years April 5, 2018 484 935,000 - 1,930 Uncompleted New Sale THE VERANDAH RESIDENCES Apartment Freehold April 7, 2018 463 913,000 - 1,973 Uncompleted New Sale PARK PLACE RESIDENCES AT PLQ Apartment 99 years April 5, 2018 484 975,000 - 2,013 Uncompleted New Sale THE VERANDAH RESIDENCES Apartment Freehold April 7, 2018 463 898,000 - 1,940 Uncompleted New Sale PARK PLACE RESIDENCES AT PLQ Apartment 99 years April 5, 2018 743 1,585,000 - 2,134 Uncompleted New Sale THE VERANDAH RESIDENCES Apartment Freehold April 7, 2018 538 948,000 - 1,761 Uncompleted New Sale PARK PLACE RESIDENCES AT PLQ Apartment 99 years April 5, 2018 743 1,545,000 - 2,080 Uncompleted New Sale THE VERANDAH RESIDENCES Apartment Freehold April 7, 2018 646 1,230,000 - 1,904 Uncompleted New Sale PARK PLACE RESIDENCES AT PLQ Apartment 99 years April 5, 2018 484 1,085,000 - 2,240 Uncompleted New Sale THE VERANDAH RESIDENCES Apartment Freehold April 7, 2018 646 1,253,000 - 1,940 Uncompleted New Sale PARK PLACE RESIDENCES AT PLQ Apartment 99 years April 5, 2018 484 1,075,000 - 2,219 Uncompleted New Sale THE VERANDAH RESIDENCES Apartment Freehold April 7, 2018 646 1,224,000 - 1,895 Uncompleted New Sale PARK PLACE RESIDENCES AT PLQ Apartment 99 years April 5, 2018 484 1,055,000 - 2,178 Uncompleted New Sale THE VERANDAH RESIDENCES Apartment Freehold April 7, 2018 753 1,285,000 - 1,705 Uncompleted New Sale PARK PLACE RESIDENCES AT PLQ Apartment 99 years April 5, 2018 743 1,555,000 - 2,094 Uncompleted New Sale THE VERANDAH RESIDENCES Apartment Freehold April 7, 2018 646 1,218,000 - 1,886 Uncompleted New Sale PARK PLACE RESIDENCES AT PLQ Apartment 99 years April 5, 2018 678 1,350,000 - 1,991 Uncompleted New Sale THE VERANDAH RESIDENCES Apartment Freehold April 7, 2018 474 883,000 - 1,864 Uncompleted New Sale PARK PLACE RESIDENCES AT PLQ Apartment 99 years April 5, 2018 1,163 2,060,000 - 1,772 Uncompleted New Sale THE VERANDAH RESIDENCES Apartment Freehold April 7, 2018 474 888,000 - 1,875 Uncompleted New Sale PARK PLACE RESIDENCES AT PLQ Apartment 99 years April 5, 2018 1,163 2,080,000 - 1,789 Uncompleted New Sale THE VERANDAH RESIDENCES Apartment Freehold April 7, 2018 484 903,000 - 1,864 Uncompleted New Sale PARK PLACE RESIDENCES AT PLQ Apartment 99 years April 5, 2018 1,163 2,070,000 - 1,781 Uncompleted New Sale District 7 PARK PLACE RESIDENCES AT PLQ Apartment 99 years April 5, 2018 678 1,465,000 - 2,160 Uncompleted New Sale CONCOURSE SKYLINE Apartment 99 years April 4, 2018 829 1,667,640 - 2,012 2014 Resale PARK PLACE RESIDENCES AT PLQ Apartment 99 years April 5, 2018 678 1,445,000 - 2,131 Uncompleted New Sale District 8 PARK PLACE RESIDENCES AT PLQ Apartment 99 years April 5, 2018 667 1,485,000 - 2,225 Uncompleted New Sale VOGX Apartment Freehold April 5, 2018 883 1,043,000 - 1,182 2009 Resale PARK PLACE RESIDENCES AT PLQ Apartment 99 years April 5, 2018 667 1,475,000 - 2,210 Uncompleted New Sale District 9 PARK PLACE RESIDENCES AT PLQ Apartment 99 years April 5, 2018 667 1,485,000 - 2,225 Uncompleted New Sale ASPEN HEIGHTS Condominium 999 years April 3, 2018 1,044 1,660,000 - 1,590 1998 Resale PARK PLACE RESIDENCES AT PLQ Apartment 99 years April 5, 2018 1,087 1,895,000 - 1,743 Uncompleted New Sale ASPEN HEIGHTS Condominium 999 years April 6, 2018 1,130 1,900,000 - 1,681 1998 Resale PARK PLACE RESIDENCES AT PLQ Apartment 99 years April 5, 2018 1,087 1,870,000 - 1,720 Uncompleted New Sale CAIRNHILL RESIDENCES Apartment Freehold April 3, 2018 1,173 2,680,000 - 2,284 2009 Resale PARK PLACE RESIDENCES AT PLQ Apartment 99 years April 5, 2018 646 1,335,000 - 2,067 Uncompleted New Sale HELIOS RESIDENCES Apartment Freehold April 10, 2018 1,313 3,050,000 - 2,323 2011 Resale PARK PLACE RESIDENCES AT PLQ Apartment 99 years April 5, 2018 646 1,315,000 - 2,036 Uncompleted New Sale MARTIN MODERN Condominium 99 years April 7, 2018 1,798 5,667,000 - 3,153 Uncompleted New Sale REZI 26 Apartment Freehold April 4, 2018 797 970,888 - 1,219 2015 Resale NEW FUTURA Condominium Freehold April 3, 2018 1,830 6,215,600 - 3,397 2017 Resale SIMS RESIDENCES Apartment 99 years April 3, 2018 1,421 1,185,000 - 834 2002 Resale NEW FUTURA Condominium Freehold April 6, 2018 1,098 3,888,000 - 3,541 2017 Resale SIMS URBAN OASIS Condominium 99 years April 8, 2018 1,733 2,582,100 - 1,490 2017 New Sale NEW FUTURA Condominium Freehold April 6, 2018 1,830 5,871,200 - 3,209 2017 Resale THE EBONY Apartment Freehold April 6, 2018 366 590,000 - 1,612 2016 Sub Sale NEWTON EDGE Apartment Freehold April 9, 2018 915 1,550,000 - 1,694 2011 Resale THE LENOX Apartment Freehold April 5, 2018 463 700,000 - 1,512 2014 Resale STARLIGHT SUITES Apartment Freehold April 6, 2018 850 1,550,000 - 1,823 2014 Resale THE NAVIAN Apartment Freehold April 6, 2018 657 1,057,000 - 1,610 Uncompleted New Sale THE VERMONT ON CAIRNHILL Apartment Freehold April 4, 2018 915 2,220,000 - 2,426 2013 Resale VACANZA @ EAST Condominium Freehold April 5, 2018 840 1,000,000 - 1,191 2014 Resale URBAN SUITES Condominium Freehold April 6, 2018 1,604 4,600,000 - 2,868 2013 Resale District 15 WATERMARK ROBERTSON QUAY Apartment Freehold April 3, 2018 1,076 2,330,000 - 2,165 2008 Resale BUTTERWORTH 8 Condominium Freehold April 9, 2018 1,313 1,750,000 - 1,333 2004 Resale District 10 COSTA ESTE Apartment Freehold April 3, 2018 850 970,000 - 1,141 2009 Resale ARDMORE PARK Condominium Freehold April 3, 2018 2,885 9,380,000 - 3,252 2001 Resale COSTA RHU Condominium 99 years April 3, 2018 990 1,209,000 - 1,221 1997 Resale BALMORAL 8 Condominium Freehold April 3, 2018 1,905 3,500,000 - 1,837 2003 Resale COSTA RHU Condominium 99 years April 9, 2018 1,399 1,615,000 - 1,154 1997 Resale CASABELLA Condominium Freehold April 3, 2018 3,552 4,000,000 - 1,126 2005 Resale COSTA RHU Condominium 99 years April 9, 2018 1,012 1,275,000 - 1,260 1997 Resale D’LEEDON Condominium 99 years April 6, 2018 1,270 2,168,000 - 1,707 2014 Resale COTE D’AZUR Condominium 99 years April 3, 2018 904 1,100,000 - 1,217 2004 Resale DUCHESS RESIDENCES Condominium 999 years April 9, 2018 1,464 2,600,000 - 1,776 2011 Resale COTE D’AZUR Condominium 99 years April 5, 2018 1,389 1,830,000 - 1,318 2004 Resale ESTRIVILLAS Semi-Detached Freehold April 9, 2018 6,211 3,580,000 - 576 2013 Resale DAWN VILLE Apartment Freehold April 9, 2018 1,496 1,750,000 - 1,170 1998 Resale FIFTH AVENUE CONDOMINIUM Condominium Freehold April 9, 2018 1,496 2,950,000 - 1,972 1998 Resale FLAMINGO VALLEY Condominium Freehold April 5, 2018 1,873 2,380,000 - 1,271 2014 Resale GRANGE RESIDENCES Condominium Freehold April 4, 2018 2,583 6,180,000 - 2,392 2004 Resale FRANKEL ESTATE Detached Freehold April 3, 2018 6,394 9,700,000 - 1,517 1958 Resale LEEDON RESIDENCE Condominium Freehold April 6, 2018 6,566 12,000,000 - 1,828 2015 Resale FRANKEL ESTATE Detached Freehold April 4, 2018 8,794 8,600,000 - 978 1953 Resale MELROSE PARK Condominium 999 years April 9, 2018 1,345 2,560,000 - 1,903 2000 Resale IMPERIAL HEIGHTS Apartment Freehold April 5, 2018 581 810,000 - 1,394 2009 Resale MOUNT SINAI AVENUE Semi-Detached 999 years April 6, 2018 4,295 6,000,000 - 1,399 1975 Resale MABELLE Apartment Freehold April 5, 2018 527 663,000 - 1,257 2009 Resale LENGKOK MERAK Semi-Detached Freehold April 6, 2018 4,672 9,020,000 - 1,931 Unknown Resale MAYFAIR RESIDENCES Apartment Freehold April 9, 2018 1,195 1,820,000 - 1,523 2017 Sub Sale DUKE’S ROAD Terrace Freehold April 9, 2018 1,916 4,150,000 - 2,165 1990 Resale NA Apartment Freehold April 5, 2018 1,227 1,400,000 - 1,141 Unknown Resale KING’S CLOSE Detached 999 years April 9, 2018 3,757 7,800,000 - 2,078 1995 Resale CARPMAEL ROAD Terrace Freehold April 6, 2018 2,056 3,160,000 - 1,539 1989 Resale ONE JERVOIS Condominium Freehold April 4, 2018 1,959 2,940,000 - 1,501 2009 Resale TEMBELING ROAD Terrace Freehold April 9, 2018 1,625 2,850,000 - 1,751 1986 Resale ONE TREE HILL RESIDENCE Apartment Freehold April 6, 2018 1,227 2,576,700 - 2,100 2008 Resale PALAZZETTO Apartment Freehold April 10, 2018 818 1,198,000 - 1,464 2002 Resale PARVIS Condominium Freehold April 5, 2018 1,701 3,250,000 - 1,911 2012 Resale PALM VISTA Apartment Freehold April 9, 2018 861 1,060,000 - 1,231 2008 Resale PARVIS Condominium Freehold April 9, 2018 2,013 4,280,000 - 2,126 2012 Resale PEBBLE BAY Condominium 99 years April 3, 2018 1,378 1,838,000 - 1,334 1997 Resale QUINTERRA Apartment 99 years April 10, 2018 1,679 1,980,000 - 1,179 2009 Resale SANCTUARY GREEN Condominium 99 years April 6, 2018 3,940 3,100,000 - 787 2004 Resale ST REGIS RESIDENCES SINGAPORE Apartment 999 years April 3, 2018 2,120 5,500,000 - 2,594 2008 Resale SEASIDE RESIDENCES Apartment 99 years April 3, 2018 1,087 1,864,000 - 1,715 Uncompleted New Sale THE ASANA Apartment Freehold April 3, 2018 635 1,693,840 - 2,667 2017 New Sale SEASIDE RESIDENCES Apartment 99 years April 7, 2018 1,206 1,969,000 - 1,633 Uncompleted New Sale THE ASANA Apartment Freehold April 8, 2018 635 1,701,177 - 2,679 2017 New Sale SEASIDE RESIDENCES Apartment 99 years April 7, 2018 1,087 1,758,000 - 1,617 Uncompleted New Sale THE LEVELZ Condominium Freehold April 5, 2018 786 1,280,000 - 1,629 2004 Resale SPRINGVALE Apartment Freehold April 5, 2018 969 1,070,000 - 1,105 1995 Resale THE LOFT Condominium 99 years April 6, 2018 2,013 2,880,001 - 1,431 2002 Resale THE ESTA Condominium Freehold April 6, 2018 1,561 2,700,000 - 1,730 2008 Resale THE SOLITAIRE Condominium Freehold April 9, 2018 2,250 3,800,000 - 1,689 2009 Resale THE MAKENA Condominium Freehold April 5, 2018 1,152 1,790,000 - 1,554 1998 Resale THE TENERIFFE Terrace 99 years April 6, 2018 3,165 2,680,000 - 847 2003 Resale THE SEA VIEW Condominium Freehold April 6, 2018 2,723 4,150,000 - 1,524 2008 Resale TOMLINSON HEIGHTS Condominium Freehold April 3, 2018 4,047 10,500,000 - 2,594 2014 Resale THE WATERSIDE Condominium Freehold April 3, 2018 2,411 3,950,000 - 1,638 1992 Resale District 11 VERSILIA ON HAIG Condominium Freehold April 3, 2018 1,130 1,680,000 - 1,486 2010 Resale DERBYSHIRE HEIGHTS Apartment Freehold April 10, 2018 1,292 1,750,000 - 1,355 2004 Resale WATER PLACE Condominium 99 years April 4, 2018 1,227 1,560,000 - 1,271 2004 Resale HILLCREST VILLA Terrace 99 years April 3, 2018 3,154 2,950,000 - 935 2009 Resale WATER PLACE Condominium 99 years April 9, 2018 1,216 1,560,000 - 1,283 2004 Resale KELLETT COURT Condominium Freehold April 3, 2018 1,356 1,920,000 - 1,416 1997 Resale District 16 KHEAM HOCK GARDENS Condominium Freehold April 6, 2018 1,356 1,950,000 - 1,438 1988 Resale ARCHIPELAGO Condominium 99 years April 6, 2018 667 738,000 - 1,106 2015 Resale LA SUISSE Condominium 999 years April 5, 2018 1,658 2,037,000 - 1,229 1993 Resale ARCHIPELAGO Condominium 99 years April 10, 2018 829 1,100,000 - 1,327 2015 Resale L’VIV Apartment Freehold April 5, 2018 657 1,440,000 - 2,193 2013 Resale CASA MERAH Apartment 99 years April 4, 2018 947 1,083,000 - 1,143 2009 Resale MANDALE HEIGHTS Apartment Freehold April 5, 2018 818 1,140,000 - 1,394 2004 Resale CASA MERAH Apartment 99 years April 6, 2018 947 1,080,000 - 1,140 2009 Resale MONTEBLEU Condominium Freehold April 9, 2018 850 1,460,000 - 1,717 2010 Resale CASAFINA Condominium 99 years April 5, 2018 958 900,000 - 939 1999 Resale CHANCERY LANE Detached Freehold April 6, 2018 4,338 10,500,000 - 2,419 2009 Resale COSTA DEL SOL Condominium 99 years April 6, 2018 1,561 1,930,000 - 1,237 2003 Resale NA Apartment Freehold April 9, 2018 1,152 1,518,000 - 1,318 Unknown Resale COSTA DEL SOL Condominium 99 years April 9, 2018 1,733 1,700,000 - 981 2004 Resale THE LINCOLN RESIDENCES Condominium Freehold April 5, 2018 1,345 2,398,000 - 1,782 2011 Resale EAST COAST HILL Terrace Freehold April 6, 2018 2,680 3,380,000 - 1,260 1983 Resale THE THOMSON DUPLEX Apartment Freehold April 10, 2018 2,110 2,730,000 - 1,294 2010 Resale EAST VILLAGE Apartment Freehold April 5, 2018 1,345 1,138,000 - 846 2014 Resale WATTEN ESTATE Semi-Detached Freehold April 5, 2018 4,004 6,700,000 - 1,675 Unknown Resale GRANDEUR PARK RESIDENCES Condominium 99 years April 3, 2018 893 1,347,112 - 1,508 Uncompleted New Sale District 12 GRANDEUR PARK RESIDENCES Condominium 99 years April 4, 2018 624 1,125,000 - 1,802 Uncompleted New Sale D’MIRA Apartment Freehold April 6, 2018 1,238 1,600,000 - 1,293 2012 Resale GRANDEUR PARK RESIDENCES Condominium 99 years April 6, 2018 667 1,133,000 - 1,698 Uncompleted New Sale DOMUS Apartment Freehold April 9, 2018 1,001 1,500,000 - 1,498 2012 Resale GRANDEUR PARK RESIDENCES Condominium 99 years April 7, 2018 624 1,147,000 - 1,837 Uncompleted New Sale GEM RESIDENCES Condominium 99 years April 4, 2018 1,055 1,801,000 - 1,707 Uncompleted New Sale GEM RESIDENCES Condominium 99 years April 5, 2018 1,012 1,522,000 - 1,504 Uncompleted New Sale CONTINUES NEXT PAGE EP14 • EDGEPROP | APRIL 23, 2018 DONE DEALS

FROM PREVIOUS PAGE

Residential transactions with contracts dated April 3 to 10

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 KEW GATE Terrace 99 years April 6, 2018 2,820 1,525,000 - 541 1996 Resale THE RAINTREE Condominium 99 years April 3, 2018 1,582 1,540,000 - 973 2008 Resale KEW VALE Terrace 99 years April 3, 2018 2,293 2,000,000 - 874 1996 Resale THE STERLING Condominium Freehold April 6, 2018 1,292 2,200,000 - 1,703 2000 Resale HARVEY CRESCENT Terrace Freehold April 5, 2018 2,530 2,950,000 - 1,167 1991 Resale District 22 TANAMERA CREST Condominium 99 years April 5, 2018 1,216 985,000 - 810 2004 Resale PARC OASIS Condominium 99 years April 4, 2018 1,227 1,100,000 - 896 1994 Resale TANAMERA CREST Condominium 99 years April 6, 2018 1,195 950,000 - 795 2004 Resale SUMMERDALE EC 99 years April 9, 2018 1,270 888,000 - 699 2000 Resale THE BAYSHORE Condominium 99 years April 3, 2018 980 890,000 - 909 1997 Resale THE LAKEFRONT RESIDENCES Condominium 99 years April 3, 2018 1,044 1,070,000 - 1,025 2014 Resale WATERFRONT WAVES Condominium 99 years April 3, 2018 1,259 1,350,000 - 1,072 2011 Resale THE LAKESHORE Condominium 99 years April 3, 2018 1,109 1,154,000 - 1,041 2007 Resale WATERFRONT WAVES Condominium 99 years April 5, 2018 1,345 1,515,000 - 1,126 2011 Resale District 23 District 17 BURGUNDY HILL Semi-Detached 99 years April 6, 2018 2,260 2,100,000 - 929 1999 Resale AZALEA PARK CONDOMINIUM Condominium 999 years April 5, 2018 1,507 1,480,000 - 982 1996 Resale CHANTILLY RISE Condominium Freehold April 4, 2018 1,206 1,270,000 - 1,053 1998 Resale AZALEA PARK CONDOMINIUM Condominium 999 years April 9, 2018 1,507 1,270,000 - 843 1996 Resale CHESTERVALE EC 99 years April 6, 2018 1,421 925,000 - 651 1999 Resale BALLOTA PARK CONDOMINIUM Condominium Freehold April 9, 2018 1,862 1,250,000 - 671 2000 Resale ECO SANCTUARY Condominium 99 years April 3, 2018 1,604 1,568,000 - 978 2016 Resale EDELWEISS PARK CONDOMINIUM Condominium Freehold April 6, 2018 1,335 1,200,000 - 899 2006 Resale ECO SANCTUARY Condominium 99 years April 6, 2018 700 885,000 - 1,265 2016 Resale HEDGES PARK CONDOMINIUM Condominium 99 years April 5, 2018 1,001 950,000 - 949 2015 Resale HILLVIEW HEIGHTS Condominium Freehold April 3, 2018 1,195 1,428,000 - 1,195 1996 Resale LOYANG VALLEY Condominium 99 years April 6, 2018 1,421 950,000 - 669 1985 Resale CHESTNUT TERRACE Terrace Freehold April 3, 2018 3,122 3,620,000 - 1,159 1994 Resale LOYANG VILLAS Terrace 99 years April 3, 2018 1,647 1,380,000 - 837 1995 Resale NORTHVALE Apartment 99 years April 3, 2018 721 670,000 - 929 1998 Resale NORTHVALE Apartment 99 years April 10, 2018 1,270 948,000 - 746 1998 Resale LOYANG VILLAS Terrace 99 years April 4, 2018 2,034 1,550,000 - 762 1996 Resale PARK NATURA Condominium Freehold April 3, 2018 2,034 2,150,000 - 1,057 2011 Resale THE GALE Condominium Freehold April 4, 2018 1,356 1,300,000 - 959 2013 Resale PAVILION PARK Terrace Freehold April 3, 2018 1,744 2,880,000 - 1,654 2014 Resale District 18 SOL ACRES EC 99 years April 3, 2018 926 747,000 - 807 2018 New Sale CHANGI RISE CONDOMINIUM Condominium 99 years April 5, 2018 1,259 960,000 - 762 2004 Resale SOL ACRES EC 99 years April 4, 2018 710 611,000 - 860 2018 New Sale CHANGI RISE CONDOMINIUM Condominium 99 years April 10, 2018 1,259 978,000 - 777 2004 Resale THE SKYWOODS Condominium 99 years April 10, 2018 1,345 1,750,000 - 1,301 2016 Sub Sale COCO PALMS Condominium 99 years April 3, 2018 1,475 1,520,000 - 1,031 2018 Sub Sale TREE HOUSE Condominium 99 years April 6, 2018 2,024 1,525,000 - 754 2013 Resale D’NEST Condominium 99 years April 5, 2018 1,130 1,200,000 - 1,062 2017 Resale WINDERMERE EC 99 years April 3, 2018 1,281 860,000 - 671 1999 Resale ELIAS GREEN Condominium 99 years April 4, 2018 1,528 1,000,000 - 654 1994 Resale District 25 MELVILLE PARK Condominium 99 years April 6, 2018 1,345 888,000 - 660 1996 Resale LA CASA EC 99 years April 5, 2018 1,195 842,000 - 705 2008 Resale MY MANHATTAN Condominium 99 years April 10, 2018 861 1,130,000 - 1,312 2014 Resale NORTHWAVE EC 99 years April 3, 2018 893 785,000 - 879 Uncompleted New Sale PINEVALE EC 99 years April 9, 2018 1,292 900,000 - 697 1999 Resale NORTHWAVE EC 99 years April 3, 2018 893 787,000 - 881 Uncompleted New Sale Q BAY RESIDENCES Condominium 99 years April 4, 2018 764 765,000 - 1,001 2016 Resale NORTHWAVE EC 99 years April 3, 2018 1,119 939,000 - 839 Uncompleted New Sale RIS GRANDEUR Condominium Freehold April 9, 2018 1,066 1,100,000 - 1,032 2005 Resale NORTHWAVE EC 99 years April 4, 2018 1,130 890,000 - 787 Uncompleted New Sale SEA ESTA Condominium 99 years April 6, 2018 1,141 1,165,000 - 1,021 2015 Resale NORTHWAVE EC 99 years April 5, 2018 1,130 953,000 - 843 Uncompleted New Sale SEA ESTA Condominium 99 years April 9, 2018 1,141 1,075,000 - 942 2015 Resale District 26 SEA ESTA Condominium 99 years April 10, 2018 1,119 1,068,000 - 954 2015 Resale MEADOWS @ PEIRCE Condominium Freehold April 3, 2018 1,270 1,490,000 - 1,173 2012 Resale SIMEI GREEN CONDOMINIUM EC 99 years April 5, 2018 1,701 1,320,000 - 776 1999 Resale RAINTREE VALLEY Terrace Freehold April 9, 2018 2,530 2,820,000 - 1,113 1991 Resale STRATUM Condominium 99 years April 6, 2018 1,098 1,100,000 - 1,002 2016 Sub Sale THE BROOKS II Apartment Freehold April 6, 2018 710 955,000 - 1,344 2016 Resale THE RIVERINA Semi-Detached 99 years April 6, 2018 2,293 1,830,000 - 797 1999 Resale THE BROOKS II Apartment Freehold April 9, 2018 603 807,899 - 1,340 2016 Resale THE TAPESTRY Condominium 99 years April 3, 2018 926 1,216,620 - 1,314 Uncompleted New Sale THE SPRINGSIDE Terrace Freehold April 6, 2018 1,679 2,480,000 - 1,475 2004 Resale THE TAPESTRY Condominium 99 years April 7, 2018 474 678,780 - 1,433 Uncompleted New Sale District 27 THE TAPESTRY Condominium 99 years April 8, 2018 441 653,670 - 1,481 Uncompleted New Sale CANBERRA RESIDENCES Condominium 99 years April 5, 2018 1,141 1,038,800 - 910 2013 Resale THE TAPESTRY Condominium 99 years April 8, 2018 474 708,750 - 1,496 Uncompleted New Sale EIGHT COURTYARDS Condominium 99 years April 9, 2018 1,152 1,080,000 - 938 2014 Resale TROPICAL SPRING Condominium 99 years April 4, 2018 1,389 1,250,000 - 900 2002 Resale KANDIS RESIDENCE Condominium 99 years April 5, 2018 1,023 1,356,200 - 1,326 Uncompleted New Sale District 19 WAK HASSAN DRIVE Detached 99 years April 3, 2018 5,425 5,200,000 - 959 2013 Resale 3@PHILLIPS Apartment 999 years April 5, 2018 1,023 1,000,000 - 978 2007 Resale PLATINA ROAD Semi-Detached Freehold April 4, 2018 2,357 2,880,000 - 1,222 2010 Resale AMARANDA GARDENS Condominium Freehold April 5, 2018 1,259 1,780,000 - 1,413 2004 Resale PARC LIFE EC 99 years April 6, 2018 1,109 969,000 966,700 872 2018 New Sale BLISS@KOVAN Condominium Freehold April 6, 2018 1,163 1,650,000 - 1,419 2015 Resale PARC LIFE EC 99 years April 6, 2018 1,066 902,000 - 846 2018 New Sale CASA CAMBIO Condominium Freehold April 5, 2018 441 672,000 - 1,523 2014 Resale PARC LIFE EC 99 years April 6, 2018 1,066 921,000 918,700 862 2018 New Sale CENTRAL VIEW Condominium 99 years April 6, 2018 1,216 1,050,000 - 863 2002 Resale PARC LIFE EC 99 years April 6, 2018 1,001 805,000 802,700 802 2018 New Sale COMPASS HEIGHTS Apartment 99 years April 5, 2018 2,788 1,900,000 - 682 2002 Resale PARC LIFE EC 99 years April 6, 2018 1,066 913,000 910,700 855 2018 New Sale COMPASS HEIGHTS Apartment 99 years April 6, 2018 1,055 915,000 - 867 2002 Resale PARC LIFE EC 99 years April 6, 2018 1,066 956,000 953,700 895 2018 New Sale ESPARINA RESIDENCES EC 99 years April 9, 2018 1,066 1,050,000 - 985 2013 Resale PARC LIFE EC 99 years April 6, 2018 1,001 846,000 843,700 843 2018 New Sale EVERGREEN PARK Apartment 99 years April 3, 2018 1,238 840,000 - 679 1999 Resale PARC LIFE EC 99 years April 6, 2018 1,001 847,000 844,700 844 2018 New Sale EVERGREEN PARK Apartment 99 years April 6, 2018 1,367 1,060,000 - 775 1999 Resale PARC LIFE EC 99 years April 6, 2018 1,001 852,000 849,700 849 2018 New Sale FLO RESIDENCE Condominium 99 years April 4, 2018 2,067 1,500,000 - 726 2016 Resale PARC LIFE EC 99 years April 6, 2018 1,001 805,000 802,700 802 2018 New Sale FLO RESIDENCE Condominium 99 years April 6, 2018 926 840,000 - 907 2016 Resale PARC LIFE EC 99 years April 6, 2018 1,066 949,000 946,700 888 2018 New Sale FONTAINE PARRY Condominium 999 years April 4, 2018 850 940,000 - 1,105 2010 Resale PARC LIFE EC 99 years April 6, 2018 1,066 914,000 911,700 856 2018 New Sale FOREST WOODS Condominium 99 years April 7, 2018 1,249 1,845,000 - 1,478 Uncompleted New Sale PARC LIFE EC 99 years April 6, 2018 1,066 965,000 962,700 903 2018 New Sale HOUGANG GREEN Apartment 99 years April 6, 2018 2,120 1,180,000 - 556 1998 Resale PARC LIFE EC 99 years April 6, 2018 1,066 948,000 945,700 887 2018 New Sale KOVAN REGENCY Condominium 99 years April 6, 2018 1,744 2,280,000 - 1,308 2015 Resale PARC LIFE EC 99 years April 6, 2018 1,066 936,000 933,700 876 2018 New Sale LA FIESTA Condominium 99 years April 6, 2018 452 648,000 - 1,433 2016 Resale PARC LIFE EC 99 years April 6, 2018 1,066 923,000 920,700 864 2018 New Sale BLANDFORD DRIVE Terrace 999 years April 3, 2018 2,799 3,000,000 - 1,072 Unknown Resale PARC LIFE EC 99 years April 6, 2018 1,066 906,000 903,700 848 2018 New Sale HOW SUN DRIVE Semi-Detached Freehold April 5, 2018 2,120 3,650,000 - 1,718 2012 Resale PARC LIFE EC 99 years April 7, 2018 1,001 843,000 - 842 2018 New Sale RICHARDS AVENUE Semi-Detached Freehold April 6, 2018 8,288 7,200,000 - 869 Unknown Resale PARC LIFE EC 99 years April 7, 2018 1,066 919,000 - 862 2018 New Sale PALM GROVE CONDOMINIUM Condominium 999 years April 6, 2018 1,399 1,530,000 - 1,093 2002 Resale PARC LIFE EC 99 years April 8, 2018 1,066 891,000 888,700 834 2018 New Sale PARC LIFE EC 99 years April 8, 2018 1,001 898,000 - 897 2018 New Sale RIVERSAILS Condominium 99 years April 4, 2018 947 960,000 - 1,013 2016 Resale PARC LIFE EC 99 years April 8, 2018 1,066 910,000 - 854 2018 New Sale RIVERSAILS Condominium 99 years April 9, 2018 850 890,000 - 1,047 2016 Resale SIGNATURE AT YISHUN EC 99 years April 4, 2018 1,098 843,500 - 768 2017 New Sale RIVERSOUND RESIDENCE Condominium 99 years April 5, 2018 1,367 1,280,000 - 936 2015 Resale SIGNATURE AT YISHUN EC 99 years April 7, 2018 1,098 853,000 - 777 2017 New Sale RIVERSOUND RESIDENCE Condominium 99 years April 9, 2018 1,345 1,350,000 - 1,003 2015 Resale SIGNATURE AT YISHUN EC 99 years April 8, 2018 1,098 890,500 - 811 2017 New Sale SERANGOON GARDEN ESTATE Terrace 999 years April 3, 2018 1,841 2,230,000 - 1,212 2000 Resale SIGNATURE AT YISHUN EC 99 years April 8, 2018 1,098 916,000 - 834 2017 New Sale SERANGOON GARDEN ESTATE Terrace 999 years April 5, 2018 2,164 2,859,000 - 1,323 Unknown Resale SIGNATURE AT YISHUN EC 99 years April 8, 2018 1,098 851,000 - 775 2017 New Sale SERANGOON GARDEN ESTATE Semi-Detached 999 years April 6, 2018 4,230 4,250,000 - 1,004 Unknown Resale SIGNATURE AT YISHUN EC 99 years April 8, 2018 1,098 854,500 - 778 2017 New Sale THE SCALA Apartment 99 years April 10, 2018 904 1,330,000 - 1,471 2013 Resale THE SENSORIA Condominium Freehold April 5, 2018 1,152 950,000 - 825 2007 Resale WATERTOWN Apartment 99 years April 6, 2018 646 860,000 - 1,332 2017 Sub Sale District 28 WATERTOWN Apartment 99 years April 9, 2018 581 800,000 - 1,376 2017 Sub Sale ESTE VILLA Terrace Freehold April 10, 2018 3,423 2,400,000 - 701 2013 Resale WATERTOWN Apartment 99 years April 9, 2018 603 790,000 - 1,311 2017 Sub Sale MIMOSA PARK Condominium Freehold April 6, 2018 1,755 1,610,000 - 918 1979 Resale WEMBLY RESIDENCES Apartment Freehold April 9, 2018 560 678,000 - 1,211 2011 Resale MIMOSA TERRACE Terrace Freehold April 6, 2018 1,615 2,420,000 - 1,499 2006 Resale District 20 JALAN TARI DULANG Terrace 999 years April 3, 2018 3,186 2,770,000 - 868 Unknown Resale BISHAN POINT Condominium 99 years April 10, 2018 936 1,100,000 - 1,175 2005 Resale NIM COLLECTION Terrace 99 years April 3, 2018 2,207 2,840,000 - 1,287 Uncompleted New Sale FABER GARDEN CONDOMINIUM Condominium Freehold April 3, 2018 1,711 2,260,000 - 1,320 1984 Resale PARC BOTANNIA Condominium 99 years April 4, 2018 667 958,000 - 1,435 Uncompleted New Sale FULTON HILL Terrace Freehold April 5, 2018 2,099 2,428,888 - 1,156 1981 Resale PARC BOTANNIA Condominium 99 years April 5, 2018 506 647,000 - 1,279 Uncompleted New Sale ISLAND PARK Semi-Detached Freehold April 6, 2018 3,477 3,880,000 - 1,115 1974 Resale PARC BOTANNIA Condominium 99 years April 5, 2018 872 1,168,112 - 1,340 Uncompleted New Sale FULTON ROAD Terrace 999 years April 9, 2018 1,787 2,450,000 - 1,374 1996 Resale PARC BOTANNIA Condominium 99 years April 7, 2018 506 637,000 - 1,259 Uncompleted New Sale SEASONS VIEW Condominium 99 years April 5, 2018 969 995,000 - 1,027 2000 Resale PARC BOTANNIA Condominium 99 years April 7, 2018 667 919,000 - 1,377 Uncompleted New Sale SKY HABITAT Condominium 99 years April 6, 2018 1,292 1,850,200 - 1,432 2015 Resale PARC BOTANNIA Condominium 99 years April 7, 2018 872 1,125,112 - 1,290 Uncompleted New Sale SKY VUE Condominium 99 years April 9, 2018 1,141 1,850,000 - 1,621 2016 Resale PARC BOTANNIA Condominium 99 years April 8, 2018 1,130 1,365,000 - 1,208 Uncompleted New Sale THE GARDENS AT BISHAN Condominium 99 years April 6, 2018 1,227 1,300,000 - 1,059 2004 Resale PARC BOTANNIA Condominium 99 years April 8, 2018 775 981,000 - 1,266 Uncompleted New Sale THOMSON GRAND Condominium 99 years April 4, 2018 1,345 1,660,000 - 1,234 2015 Resale PARC BOTANNIA Condominium 99 years April 8, 2018 872 1,152,112 - 1,321 Uncompleted New Sale District 21 PARC BOTANNIA Condominium 99 years April 8, 2018 980 1,306,112 - 1,333 Uncompleted New Sale FLORIDIAN Condominium Freehold April 9, 2018 1,292 2,380,000 - 1,843 2012 Resale PARC BOTANNIA Condominium 99 years April 8, 2018 506 694,000 - 1,372 Uncompleted New Sale GARDENVISTA Condominium 99 years April 5, 2018 1,163 1,520,000 - 1,308 2006 Resale RIVERBANK @ FERNVALE Condominium 99 years April 10, 2018 495 580,000 - 1,171 2017 Sub Sale GREENBANK PARK Semi-Detached Freehold April 6, 2018 3,961 6,020,000 - 1,521 1981 Resale SELETAR PARK RESIDENCE Condominium 99 years April 4, 2018 1,012 1,050,000 - 1,038 2015 Resale HILLVIEW GREEN Condominium 999 years April 5, 2018 1,281 1,400,000 - 1,093 1998 Resale SELETAR PARK RESIDENCE Condominium 99 years April 9, 2018 1,378 1,650,000 - 1,198 2015 Resale LE WOOD Condominium 99 years April 4, 2018 1,163 940,000 - 809 2000 Resale SERENITY PARK Condominium Freehold April 9, 2018 1,324 1,300,000 - 982 1995 Resale PARC PALAIS Condominium Freehold April 3, 2018 1,238 1,300,000 - 1,050 1999 Resale THE CASCADIA Condominium Freehold April 3, 2018 883 1,470,000 - 1,665 2010 Resale DISCLAIMER: THE CASCADIA Condominium Freehold April 5, 2018 1,184 2,000,000 - 1,689 2010 Resale Source: URA Realis. Updated April 17, 2018. The Edge Property Pte Ltd shall not be responsible for any loss or liability arising directly or indirectly from the use of, or reliance on, the information provided therein. THE CASCADIA Condominium Freehold April 9, 2018 581 930,000 - 1,600 2010 Resale Not all caveats reflected due to the overwhleming number of caveats lodged THE NEXUS Condominium Freehold April 3, 2018 1,066 1,580,000 - 1,483 2006 Resale EC stands for executive condominium EDGEPROP | APRIL 23, 2018 • EP15 DEAL WATCH

ALBERT CHUA/THE EDGE SINGAPORE Two-bedder at Auralis on the market for $1.25 mil

TABLES: URA, EDGEPROP | BY BONG XIN YING | pool, and as it does not front the main Recent rental contracts road, it is not affected by noise, says for 700 to 800 sq ft units 753 sq ft, two-bedroom unit Khera. In fact, the surroundings are at Auralis is on the market relatively quiet, he adds. The owners at Auralis for $1.25 million ($1,660 gave the well-maintained unit, which psf). Auralis is a 56-unit, features a 3.2m floor-to-ceiling height, LEASE DATE (2018) MONTHLY RENT ($) five-storey condominium a fresh coat of white paint just last March 2,300 Aon East Coast Road, just off Lorong N week, notes Khera. February 2,200 Telok Kurau in prime District 15. The Such two-bedroom units are pop- January 2,400 freehold project was developed by Sino ular with young families, as Auralis Tac Holding and completed in 2013. is near prestigious schools such as The fully furnished, third-floor Tao Nan Primary School, Ngee Ann and a third-floor unit was sold for unit is an investment property of a Primary School and CHIJ Katong. $724,000 ($1,564 psf) last December. Singaporean couple, who purchased St Patrick’s School is just a short The last transaction of a two-bed- it in 2011 for $1.04 million ($1,379 walk away. Auralis is also within room unit at Auralis was that of a 732 psf). The unit has been tenanted ever walking distance of the upcoming sq ft unit on the second floor, which since. It is now on the market because Marine Terrace MRT station on the fetched $960,000 ($1,312 psf) last the couple is looking to upsize to a Thomson-East Coast Line, which is November, based on caveats lodged. larger unit in a private condo in the scheduled for completion in 2023. Khera notes that two-bedroom units same neighbourhood. The latest transactions at Aura- at Auralis are seen as “an attractive The 753 sq ft unit on the third floor is fully furnished Over the past four years, the unit lis involved 463 sq ft, one-bedroom investment”. Thus, there are few units has been rented out for between units: A fourth-floor unit changed on the market, as owners are reluc- $2,650 and $3,200 a month, says hands for $728,000 ($1,573 psf), ac- tant to sell them unless they achieve Recent transactions at Auralis Roger Khera, marketing director at cording to a caveat lodged in March, an attractive premium, he adds. E CONTRACT DATE AREA (SQ(SQ FT)FT) PRICE ($) PRICE ($($ PSF)PSF) PropNex Realty, who is handling the May 5, 2018 463 728,000 1,573 sale. Based on the current monthly market rental rate of $2,700 and Dec 1, 2017 463463 724,000 1 1,564,564 the asking price, the new buyer of Nov 20, 2017 732 960,000 1,312 the two-bedroom unit at Auralis will May 26, 2017 495 640,000 1,293 achieve a gross rental yield of 2.6%. May 26, 2017 463 650,000 1,404 The unit on the market faces the EP16 • EDGEPROP | APRIL 23, 2018

PROP HUNT CLASSIFIEDS

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

$32,000,000 $13,000,000 $8,680,000 $7,630,000 Good Class Bungalow Detached House Detached House Semi-Detached House ANDREW ROAD | Freehold DUNEARN ROAD | Freehold SUNSET WAY | Freehold STONE AVENUE | Freehold Built-Up(sqft): 12,000 | Land(sqft): 19,500 Built-Up(sqft): 5,000 | Land(sqft): 8,999 Built-Up(sqft): 3,000 | Land(sqft): 6,650 Built-Up(sqft): 5,680 | Land(sqft): 2,625 PSF: $1,641 PSF: $1,445 PSF: $2,893 PSF: $2,907

Beautiful Balinese resort style. Designed by Spacious bungalow with nice garden At Dunearn Corner 2-storey detached house with regular- Brand new ready-to-move-in. Located in prime D9. renowned architect. Nestled in prestigious Estate. Prestigious location. 2-storey, 5 bedrooms (4 shaped plot. Freehold. Suitable for rebuild or major Walking distance to King Albert Park MRT (DT Caldecott Hill Estate. ensuites) + maid room. Great neighbours! Nearest A&A. Line). 6+1brm+family room. Private lift. Private amenities - Cold Storage At Chancery Court, Adam swimming pool. Road Food Centre.

Serene Chua Anthony Lim Adam Wang Kevin Yeow CBRE REALTY ASSOCIATES PTE LTD PROPNEX REALTY PTE LTD FER PROPERTIES PTE LTD ORANGE TEE & TIE PTE LTD R024344F R024235J R011629J R021208G 65 9819 9199 65 9222 1198 65 9338 6502 65 9235 7711

$7,180,535 $4,500,000 $4,300,000 $3,600,000 Detached House Terrace House Semi-Detached House Terrace House BALMORAL ROAD | Freehold SWISS VIEW | 999 years HOLLAND GROVE | 99 years CAPRICORN DRIVE | Freehold Built-Up(sqft): 5,242 | Land(sqft): 5,242 Built-Up(sqft): 4,184 | Land(sqft): 4,010 Built-Up(sqft): 4,000 | Land(sqft): 2,965 Built-Up(sqft): 4,500 | Land(sqft): 2,045 PSF: $1,370 PSF: $1,122 PSF: $1,450 PSF: $1,760

New listing at Bedok Ria. Rare 2.5 storey corner 2-sorey corner with basement. Wet & dry kitchen. 3-storey plus basement, walking distance away from Windsor Park. Walking distance to Thomson Plaza terrace with huge land for Sale. 7 bedrooms Spacious with private garden. Close to Swiss Club, Dover MRT and surrounded with greenery. The park and Sin Ming Plaza. (including 2 ground floor rooms). Turf City, German European School. Mins to PIE. connector is just located behind the house. Super Rectangular land. Main door SE facing. A/A done. condition 100% move in. Spacious and functional layout.

Andy Wee Cecilia Choo Sunny Lim Anthony Lim HUTTONS ASIA PTE LTD HUTTONS ASIA PTE LTD PROPNEX REALTY PTE LTD PROPNEX REALTY PTE LTD R008857B R007340J R012452H R024235J 65 8222 0600 65 9145 3396 65 9451 0107 65 9222 1198

$3,500,000 $2,700,000 $2,500,000 $2,500,000 Terrace House Terrace House Terrace House Cluster Terrace House JALAN LIMAU BALI | Freehold JALAN LIMAU NIPIS | 999 years KANG CHOO BIN WALK | 999 years JALAN KAMPONG CHANTEK | 99 years Built-Up(sqft): 3,400 | Land(sqft): 1,949 Built-Up(sqft): 2,500 | Land(sqft): 1,695 Built-Up(sqft): 2,000 | Land(sqft): 1,848 Built-Up(sqft): 3,175 PSF: $1,796 PSF: $1,593 PSF: $1,353 PSF: $787 (Built-Up)

A beautiful well-kept house nestled in D16. View to Perched on the hill of Lucky Hill estate. Conveniently 2-storey inter terrace house. 12 mins walk to Kovan Cluster House at Binjai Crest. More than 400k of fall in love with it! 5 bedrooms, 5 baths, a spacious surrounded by amenities such as transportation, MRT station. Bare unit. Easy for you to do your renovation works spent in unit just a couple of years living and dining room. Dry kitchen, wet kitchen, schools, shopping mall, eateries. Walk to Tanah own interior design. back with a lot of adjustments to the original plan. car porch for 2 cars. Merah MRT station. Temasek Primary within 1 km North-South orientation. radius.

Teck Wah Chan Joshua Ng Esther Kan Roy Chew ERA REALTY NETWORK PTE LTD ORANGE TEE & TIE PTE LTD HUTTONS ASIA PTE LTD SRI PTE. LTD. R058526F R043080G R008333C R046793Z 65 9873 8102 65 9789 8368 65 9738 5952 65 9749 1445 EDGEPROP | APRIL 23, 2018 • EP17

PROP HUNT CLASSIFIEDS

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

$18,000,000 $5,900,000 $2,480,000 $1,870,000 The Boulevard Residence Belle Vue Thomson Grand Parc Centennial CUSCADEN WALK, 249691 Singapore OXLEY WALK, 238594 Singapore SIN MING WALK, 575581 Singapore KAMPONG JAVA ROAD, 228867 Singapore Freehold | Bedroom: 5 Freehold | Bedroom: 3 99 years | Bedroom: 4 Freehold | Bedroom: 2 Size(sqft): 7,030 | PSF: $2,560 Size(sqft): 3,681 | PSF: $1,603 Size(sqft): 1,701 | PSF: $1,458 Size(sqft): 1,163 | PSF: $1,608

Amazing penthouse with a sweeping view of the Beautifully renovated penthouse. Spacious living Rare 4 bedrooms unit on mid floor. Nice unblocked Beautiful 2 bedroom for sale in district 9. Orchard skyline. 5 bedrooms plus study plus maid's and dining area. Private lift. Motivated seller. of golf course and greenery view. Private lift. Spectacular city and pool view. 2 bedrooms + yard room. Private pool/ private lift access to every floor. + bomb shelter. Functional layout. Enclosed and dry kitchen.

Alvin Choo H.C Paul Fam Michelle Goh Michelle Goh ERA REALTY NETWORK PTE LTD ERA REALTY NETWORK PTE LTD ORANGETEE & TIE PTE LTD ORANGETEE & TIE PTE LTD R027622J R007736H R019731B R019731B 65 9871 9000 65 8100 2280 65 9112 1118 65 9112 1118

$1,650,000 $1,500,000 $1,290,000 $1,280,000 The Centris Siglap V The Glades Dover Parkview JURONG WEST CENTRAL 3, 648343 Singapore FIRST STREET, 458278 Singapore BEDOK RISE, 469598 Singapore DOVER RISE, 138687 Singapore 99 years | Bedroom: 3 Freehold | Bedroom: 2 99 years | Bedroom: 2 99 years | Bedroom: 2 Size(sqft): 1,733 | PSF: $952 Size(sqft): 1,098 | PSF: $1,366 Size(sqft): 689 | PSF: $1,872 Size(sqft): 936 | PSF: $1,368

Extremely rare 3 bedroom penthouse. Bright and Tastefully designed 2 bedroom duplex penthouse Premium loft 2 bedroom unit with seaview. Within 2 bedroom unit on mid floor. 5 mins walk to Buona windy. Near to Rulang Primary School and Canadian unit. Spacious layout design with relaxing landed mins walk to Tanah Merah MRT station. Vista MRT station and The Star Vista. A short drive International School. Near Boon Lay MRT station/ view. Walking distance to upcoming Siglap MRT to Holland Road Shopping Centre and Holland bus interchange. station. Village.

Serene Chua Roy Chew Cecilia Choo Eric Gan CBRE REALTY ASSOCIATES PTE LTD SRI PTE. LTD. HUTTONS ASIA PTE LTD IMPERIAL REAL ESTATE PTE LTD R024344F R046793Z R007340J R003804D 65 9819 9199 65 9749 1445 65 9145 3396 65 8448 4949

$1,250,000 $1,250,000 $909,000 $795,000 River Isles Natura @ Hillview La Casa Rivertrees Residences EDGEDALE PLAINS, 828732 Singapore HILLVIEW TERRACE, 669233 Singapore WOODLANDS DRIVE 16, 737901 Singapore FERNVALE CLOSE, 797461 Singapore 99 years | Bedroom: 2 Freehold | Bedroom: 2 99 years | Bedroom: 3 99 years | Bedroom: 1 Size(sqft): 1,464 | PSF: $854 Size(sqft): 1,033 | PSF: $1,210 Size(sqft): 1,195 | PSF: $761 Size(sqft): 581 | PSF: $1,368 A beautiful and spacious 2 bedroom penthouse with Penthouse unit with private jacuzzi. Good view. Serious seller. Full condo facilities. Amenities that High floor unit with fantastic views of river and open terrace and seaview. Near Punggol MRT/ LRT Squarish layout. Scenery and serene environment. are readily available, such as major shopping centres, city. Partial furnished. station, Waterway Point Mall, Punggol Plaza and wet supermarkets, restaurants and eating establishments, market. banks, and other entertainment facilities.

Hyde Ng Er Lin Wee Frankie Eric Gan HUTTONS ASIA PTE LTD ERA REALTY NETWORK PTE LTD ERA REALTY NETWORK PTE LTD IMPERIAL REAL ESTATE PTE LTD R020848I R008187Z R028291C R003804D 65 9689 1084 65 8448 4949 65 8222 3338 65 8383 9116 EP18 • EDGEPROP | APRIL 23, 2018

PROP HUNT CLASSIFIEDS

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

$10,500/mth $4,500/mth $4,450/mth $4,300/mth Leedon Residence Cairnhill Residences Trevista Goodwood Grand LEEDON HEIGHTS, 266215 Singapore CAIRNHILL CIRCLE, 229775 Singapore LORONG 3 TOA PAYOH, 319583 Singapore BALMORAL ROAD, 259802 Singapore Freehold | Bedroom: 3 Freehold | Bedroom: 2 99 years | Bedroom: 3 Freehold | Bedroom: 2 Size(sqft): 2,131 | PSF: $5 Size(sqft): 904 | PSF: $5 Size(sqft): 1,206 | PSF: $4 Size(sqft): 775 | PSF: $6

Luxury living at prime district 10. Private lift. Mins Pool and greenery facing. Spacious layout with Good functional layout with a direct pool view. No New condo! 2 plus study. Balmoral Plaza (eateries from both Holland Village (660M) and Farrer Road enclosed kitchen. Short stroll to Paragon and afternoon sun. 2 good size bedrooms which good inside) a few minutes walk away. Just across (760M) MRT stations. Orchard Road. enough for a queen size bed. Fully furnished. Avail Balmoral is Cold Storage, a supermarket which is immediate. popular with locals & expats staying nearby.

Tjeng Jaw Ng Nick Tan Khoo May May, Felicia Michael Wong CBRE REALTY ASSOCIATES PTE LTD SRI PTE. LTD. PROPNEX REALTY PTE LTD HUTTONS ASIA PTE LTD R047863Z R040814C R011029B R006996I 65 9823 2828 65 9644 4854 65 9101 2241 65 8838 6969

$4,000/mth $3,500/mth $2,700/mth $1,800/mth Suites At Orchard The Seawind @ Telok Kurau Lilydale Treasures @ G19 HANDY ROAD, 229239 Singapore LORONG M TELOK KURAU, 425414 Singapore YISHUN AVENUE 6, 768966 Singapore LORONG 19 GEYLANG, 388502 Singapore 99 years | Bedroom: 1 Freehold | Bedroom: 2 99 years | Bedroom: 3 Freehold | Bedroom: 1 Size(sqft): 548 | PSF: $7 Size(sqft): 936 | PSF: $4 Size(sqft): 1,238 | PSF: $2 Size(sqft): 409 | PSF: $4

1 bedroom + study room + balcony. Fully furnished Expat choice, resort style. Full condo facilities. Quiet Immediate lease. High floor. Spacious layout. Beautiful 1 bedroom unit. Fully furnished. Walk to with air-con. High floor. Convenient location: close residential enclave within landed Unblocked pool / greenery view. Quiet facing. Aljunied MRT station. Available on 1 May 2018. to Dhoby Ghaut MRT station & Bras Basah MRT property away from busy road. Immediate available. Bright & breezy. station. Opposite Plaza Singapura.

SOM Wendy Liew Tommy Oh CS 2000 HOUSING PTE LTD Eric Gan PROPNEX REALTY PTE LTD PROPNEX REALTY PTE LTD IMPERIAL REAL ESTATE PTE LTD R000054C R018540C R018864Z R003804D 65 9855 5801 65 9788 4142 65 9171 9489 65 8448 4949

$27,000,000 $1,880,000 $1,050,000 $5,500/mth Tuas View Crescent - Factory for sale Bukit Timah Plaza - Shop for sale PS100 - Ofﬁce for sale Lorong 27 Geylang - Ofﬁce for rent TUAS VIEW CRESCENT Singapore JALAN ANAK BUKIT, 588996 Singapore PECK SEAH STREET, 79333 Singapore LORONG 27 GEYLANG, 388195 Singapore 60 years | Size(sqft): 172,094 | PSF: $157 99 years | Size(sqft): 610 | PSF:$3,082 99 years | Size(sqft): 441 | PSF: $2,381 Freehold | Size(sqft): 1,200 | PSF: $5

In the heart of Tuas View Crescent where all the Good shopping crowd. Mall with established tenants Within 3 minute stroll to Tanjong Pagar MRT A stone throw to Aljunied MRT station. Office cum ports located. Rare piece of huge land size. Selling such as DBS Bank, NTUC Supermarket, Watson's, Station. Just TOP! Brand new. GST applicable. High warehousing and retail use. Suitable for offices/ with vacant possession. Popular Bookstore and Pizza Hut. Near Beauty ceiling: full height windows. SOHO small office light storage/ warehousing cum retail (collection World MRT station. home office: built-in kitchen with attached fridge, or redemption center). Attached toilet and water toilet and SOHO loft platform. point. Free 1 parking lot. Column free.

Perry Siow Susie Chew Serene Chua Perry Siow ORANGETEE & TIE PTE LTD ORANGETEE & TIE PTE LTD CBRE REALTY ASSOCIATES PTE LTD ORANGETEE & TIE PTE LTD R006056B R025780C R024344F R006056B 65 9455 6807 65 9633 0494 65 9819 9199 65 9455 6807