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Singapore Property

Singapore Property

International Property Highline Residences Understand Your Credit Report Property MarketTrends 2015 Designer

A Property ThatGoesAboveAndBeyond Homes

Crowdfunders Magazine

Con t e n t s

SINGAPORE PROPERTY ANALYSIS 4 Property Market Trends for 2015 6 SRX Residential Property Flash Report (Feb 2015) 9 SRX Residential Property Flash Report (Jan 2015) 11 SRX Residential Property Flash Report (Rental Market)

PROPERTY SPOTLIGHT 12 SEA’s First Real Estate Crowdfunding Site CoAssets’ seals S$1 million investment – CoAssets

FINANCE 13 Understanding Your Credit Report by Credit Bureau

PROPERTY SHOWCASE 20 14 A property that goesAbove and Beyond – Highline Residences 16 A New Level of Inclusiveness – Sims Urban Oasis 18 The New Treasure in Lake District – Lakeville 20 The Gem of the East – Meridian 38 22 Crown At Robinson

INTERNATIONAL PROPERTY ANALYSIS 52 Real Estate Market – Henry Butcher Sdn Bhd

PROPERTY SHOWCASE 50 Bridging Possibilities In Phnom Penh – The Bridge

22 EVENT 62 Piscine SPLASH! Asia DESIGNER HOMES returns to Singapore and announces new show features 64 Adventure Home - Rezt & Relax Interior 70 Art Party - I-Bridge Design Pte Ltd 74 to Back Cover CROWDFUNDERS Magazine

HOMEBUYERS: MCI(P)131/11/2014. ISSN 0129 - 8703 is published Bi-monthly available at bookstores & newstands at S$5.80 (w/GST). Publisher: PROPERTY MEDIA, 808 French Road #07-163 Kitchener Complex Singapore 200808. Tel: (65) 6294 4588 Fax: (65) 6294 5812. Email: [email protected]. (This issue of Homebuyers come with Crowdfunders magazine).

All right reserved. No part of HomeBuyers, written or pictorial may be reproduced in any form without the written permission of the publisher ©2015 by PROPERTY MEDIA. Neither the publishers nor the advertisers can be held liable for any errors, inaccuracies and/or omissions in information, howsoever caused. The publisher shall not be liable for any actions taken based on the views expressed or information provided in this publication and should not be taken or construed as an offer of, or giviof, advice to buy or sell properties. Readers should always seek professional advice from the appropriate advisor or institutioand verify the required information from the original sources & the relevant authorities. “All images of property projects are by courtesy of the developers or their marketing agents. Images may be of artist impression.”

Feature Writer: Shurin Hoe. Graphic Designer: Eric Yong For advertising enquiries, please contact Mr Paul Tan, Business Development Manager, at +65 9853 2966. For press release and contribution of articles please email to [email protected]. MARKET ANALYSIS SINGAPORE

New sale or resale residential units? From this simple analysis, we can tell that resale units for RCR and OCR are In view that there will be excessive supply coming onto the market, some more value for money and those who are looking for deals should focus on Property Market buyers may be of the view the it could make more sense to get a unit directly those properties instead. For those who are looking to buy a unit in CCR, the from developers as they believe that they could be getting a better deal. difference between new and resale units is not too significant, hence it However, when we compare the median PSF prices for completed and suggests that there could be a possibility for homebuyers to find deals Trends for 2015 uncompleted units, they tell us a different story (see Figure 2 to Figure 4). directly from developers there. In terms of pricing, the new launch and resale median prices for CCR has the smallest difference of about S$71psf. However, the new and resale Conclusion By Getty Goh median prices for RCR and OCR have larger differences of about S$221psf In conclusion, as long as the cooling measures remain, I really do not expect and S$214psf. any significant change to the property market in the coming months, or even for the whole of 2015. Figure 2: PSF comparison between completed and uncompleted units in CCR (2014Q3) That said, I concede that I may have oversimplified some considerations in this article and this assessment is based on current market conditions. The 1,800.00 $1,500.84 situation could change overnight if the government starts to lift some of the 1,600.00 1,400.00 measures. Nonetheless, this article is meant to put some context to the 1,200.00 $1,429.83 lacklustre market performance that we have been seeing for the past few 1,000.00 months. Similar to what I mentioned last year, I have definitely misread the 800.00 property market before and this is one instance where I am hoping my 600.00 assessment is wrong. But looking at the current situation, it is hard to see any 400.00 silver lining so property owners should expect a bumpy road ahead. 200.00 –

2004Q12004Q32005Q12005Q32006Q12006Q32007Q12007Q32008Q12008Q32009Q12009Q32010Q12010Q32011Q12011Q32012Q12012Q32013Q12013Q32014Q12014Q3

Median Price of Completed Non-Landed Residential Properties in Core Central Region Median Price of Uncompleted Non-Landed Residential Properties in Rest of Central Region

Time flies and January has already passed by in a blink. With 2015 upon us, it What about those who are looking for a place to stay and do not have the Source: URA Realis & Ascendant Assets. is timely for us to take stock to see how 2014 did, and at the same time, flexibility to wait? For homebuyers, here are some pointers you may want to forecast how this year would be like. look out for… Figure 3: PSF comparison between completed and uncompleted units in RCR (2014Q3) In Jan 2014, we shared why we thought 2014 could be a turbulent for the property market (https://sg.news.yahoo.com/blogs/property-blog/4- Have units in prime locations become more a ordable? $1,090.52 reasons-why-2014-could-turbulent-stakeholders-singapore-002122856.html). Several weeks ago, some property developers cautioned that the cooling 1,200.00 To recap, the bearish outlook for 2014 was due to the following reasons: (1) measures were adversely affecting the Singapore market and even 1,000.00 more residential units being completed and coming online, (2) more resale forecasted an impending fire sale if the market malaise was to continue. 800.00 units entering into the market as units affected by the Seller Stamp Duty (SSD) Naturally, some homebuyers may be wondering if it is timely to venture into $869.14 600.00 clear the 4 years mark, (3) the pool of potential buyers has shrunk significantly. the prime districts and buy a unit directly from developers. To answer that Looking back, the assessment from our research team has not been too far question, let us first compare the median prices of properties in the different 400.00 off. The index dropped from the peak of 216.3 in 2013Q3 to 207.9 in 2014Q3, parts of Singapore. 200.00 which translates to a drop of about 4%. – Based on Figure 1, it can be seen that median PSF prices for non-landed

residential units for Core Central Region (CCR), Rest of Central Region (RCR) 2004Q12004Q32005Q12005Q32006Q12006Q32007Q12007Q32008Q12008Q32009Q12009Q32010Q12010Q32011Q12011Q32012Q12012Q32013Q12013Q32014Q12014Q3

What should you do in 2015? and Outside Central Region (OCR) are S$1,457, S$967 and S$923 respectively. Median Price of Completed Non-Landed Residential Properties in Rest of Central Region So the question on everyone’s mind right now is what is going to happen to While prices in CCR have dropped, as a whole, it is still much higher than RCR Median Price of Uncompleted Non-Landed Residential Properties in Rest of Central Region the real estate market in 2015? Is it a good time to enter or should you wait? and OCR. This means that, although prices in prime areas have fallen, those And if you enter into the market, where and what should you buy? who are thinking of getting a home there must be prepared to still pay a substantial amount. Source: URA Realis & Ascendant Assets. Let us tackle the first question – what is going to happen to the real estate Figure 4: PSF comparison between completed and uncompleted units in market in 2015? 2014 has been a lacklustre year and unless the government Figure 1: Comparison of Median PSF Prices in Singapore from 2004Q1 to 2014Q3 QCR (2014Q3) removes any lending measures, it is envisaged that 2015 will be no different. Some investors are of the view that a market recovery could be on the way $1,457.16 as the market downturn, which happened during the Global Financial Crisis 1,600.00 1,200.00 $1,000.07 in 2008, only lasted for 12 months. However, what they fail to realise is that 1,400.00 1,000.00 the market conditions then were very different and the current malaise is 1,200.00 800.00 done intentionally to rein in the inflated property market. Historically, market $967.01 $792.47 1,000.00 downtrends have lasted between 10 and 15 quarters. As we are only halfway 600.00 800.00 $922.86 through, investors and stakeholders must be mentally prepared for the quiet 400.00 600.00 market to persist for at least another 6 to 12 months. For those who are 200.00 interested to have the historical URA private property index since 1975, you 400.00 – can download the data here for free. Mr Getty Goh has a Masters in Real Estate from the National University of 2004Q12004Q32005Q12005Q32006Q12006Q32007Q12007Q32008Q12008Q32009Q12009Q32010Q12010Q32011Q12011Q32012Q12012Q32013Q12013Q32014Q12014Q3 2004Q12004Q32005Q12005Q32006Q12006Q32007Q12007Q32008Q12008Q32009Q12009Q32010Q12010Q32011Q12011Q32012Q12012Q32013Q12013Q32014Q12014Q3 Singapore (NUS) and he is the CEO of CoAssets.com, South East Asia’s rst In view of the dull market outlook, property investors may want to sit out of Median Price of Non-Landed Residential Properties in Core Central Region Median Price of Completed Non-Landed Residential Properties in Outside Central Region crowdfunding website. Mr Goh is also a director with Ascendant Assets Pte the Singapore property market for the time being. Unless the deal is Median Price of Non-Landed Residential Properties in Rest of Central Region Median Price of Uncompleted Non-Landed Residential Properties in Outside Central Region Ltd, a real estate research consultancy and think tank. The views expressed exceptionally attractive, investors who enter into the market right now must Median Price of Non-Landed Residential Properties in Outside Central Region be mentally prepared to see the value of their assets drop in the coming are his own. months. Source: URA Realis & Ascendant Assets. Source: URA Realis & Ascendant Assets.

4 HOMEBUYERS HOMEBUYERS 5 SINGAPORE SRX Residential Property Flash Report SPI by Region Outside Central Year/Month All Non-Landed Private Core Central Region Rest of Central Region Region By Singapore Real Estate Exchange (SRX) Index Monthly Index Monthly Index Monthly Index Monthly Value Change Value Change Value Change Value Change *Based on number compiled 6 Mar 2015 2014/2 174.0 -2.7% 158.6 -2.8% 173.0 -1.2% 177.0 -2.4% Non-Landed Private Residential - Feb 2015 2014/3 174.5 0.3% 159.7 0.7% 175.4 1.4% 177.0 0.0% 2014/4 173.4 -0.6% 153.6 -3.8% 173.6 -1.0% 177.4 0.2% 2014/5 172.1 -0.7% 153.9 0.2% 174.9 0.7% 175.3 -1.2% 1. Resale Market 2014/6 170.2 -1.1% 156.6 1.8% 166.9 -4.6% 174.5 -0.5% 2014/7 168.8 -0.8% 147.1 -6.1% 166.4 -0.3% 173.9 -0.3% Resale Volume 2014/8 170.0 0.7% 155.7 5.8% 164.5 -1.1% 174.6 0.4% 2014/9 168.8 -0.7% 153.1 -1.7% 170.0 3.3% 171.4 -1.8% Non-Landed Private Monthly Resale Volume 2014/10 169.7 0.5% 154.3 0.8% 170.5 0.3% 172.8 0.8% 2014/11 168.4 -0.8% 156.3 1.3% 168.0 -1.5% 170.4 -1.4% 2014/12 168.2 -0.1% 152.4 -2.4% 165.0 -1.1% 171.2 0.5% 2015/01 168.3 0.0% 149.7 -1.8% 167.5 1.4% 169.7 -0.8% 2015/02* 168.4 0.0% 151.9 1.5% 167.0 -0.8% 173.1 2.0%

*The latest month’s values are based on flash estimates Source: SRX PROPERTY / URA

About ‘TOX’: TOX stands for Transaction Over X-Value.

Each month, SRX algorithms compare the actual transacted value for each unit in a district with its X-Value. The X-Value is a computer-generated estimate of the market value for a home, and the difference between the median transacted price and the district’s X-Value is the TOX.

Comment from Jeremy Lee, Co-Founder of SRX - “Like the COV, TOX is a forward indicator on how heated the market is. A positive number means people are paying above recent transactions. Likewise, a negative number means people are paying below recent transactions, causing downward pressure on prices. The bigger the number, the faster the pace of price increase or decrease.

Caveat Non-Caveat (typically represents 5-10% of transactions for past quarters) Source: SRX PROPERTY / URA 2. Median Transaction Over X-Value (TOX) ($)

Resale Price Median Resale TOX Index: Base 2009 Jan SPI for NL Private Resale 5,000 3,000 0 190.0 0 - 2,000 174.0 172.1 - 4,000 180.0 173.4 - 5,000 174.5 170.2 168.8 170.0 168.8 169.7 -5,000 168.4 168.2 168.3 168.4 170.0 - 10,000 - 10,000 - 10,000 -10,000 -10,000 - 12,000 - 12,000 160.0 - - 15,000 15,000 -10,000 -10,000 150.0 -15,000 - 17,000 140.0 -20,000 -20,000 -20,000 130.0 -25,000

120.0 2015M1 2014M1 2014M2 2014M3 2014M4 2014M5 2014M6 2014M7 2014M8 2014M9 2013M9 2013M10 2013M11 2013M12 2014M10 2014M11 2014M12 2014/02 2014/03 2014/04 2014/05 2014/06 2014/07 2014/08 2014/09 2014/10 2014/11 2014/12 2015/01 2015/02* 2015 Feb TOX -$10,000 2015 Feb Resale Index 168.4 2015 Jan TOX -$10,000 2015 Jan Resale Index 168.3 Change (Month-on-month) 0 Change (Month-on-month) 0.0%

*The latest month’s values are based on ash estimates Source: SRX PROPERTY Source: SRX PROPERTY / URA

6 HOMEBUYERS HOMEBUYERS 7 SRX Residential Property TOX by District Flash Report DISTRICT Median TOX DISTRICT Median TOX 1 -30,000 15 -31,000 By Singapore Real Estate Exchange (SRX) 2 -140,000 16 -10,000 3 20,000 17 -5,000 Non-Landed Private Residential - Jan 2015 *Based on number compiled 5 Feb 2015 4 -95,000 18 -11,000 5 -2,000 19 1,000 1. Resale Market 6 – 20 10,000 7 5,000 21 -7,000 Resale Volume 8 -30,000 22 0 Non-Landed Private Monthly Resale Volume 9 -40,000 23 -20,000 10 27,000 24 – 11 -10,000 25 33,000 12 30,000 26 5,000 13 60,000 27 -29,000 14 29,000 28 – Overall -10,000

Note: Blue fields contain figures derived from less than 10 transactions with TOX. Green fields contain figures derived from only 1 transaction with TOX. Source: SRX PROPERTY Numbers are rounded to the nearest thousand.

SALES GALLERY Caveat Non-Caveat (typically represents 5-10% of transactions for past quarters)

Sales Gallery A guide to Singapore’s private, residential property market Resale Price SPI by Region Index: Base 2009 Jan Year/ All Non-Landed Core Central Rest of Central Outside Central SPI for NL Private Resale Month Private Region Region Region 190.0 Index Monthly Index Monthly Index Monthly Index Monthly 177.5 178.8 180.0 175.2 Value Change Value Change Value Change Value Change 173.4 174.0 174.5 173.4 172.1 170.2 170.0 169.7 167.8 167.6 167.2 170.0 168.8 168.8 2014/1 178.8 2.1% 163.2 1.4% 175.1 -2.5% 181.3 2.8%

160.0 2014/2 174.0 -2.7% 158.6 -2.8% 173.0 -1.2% 177.0 -2.4%

150.0 2014/3 174.5 0.3% 159.7 0.7% 175.4 1.4% 177.0 0.0% -0.6% -3.8% -1.0% 0.2% 140.0 2014/4 173.4 153.6 173.6 177.4 2014/5 172.1 -0.7% 153.9 0.2% 174.9 0.7% 175.3 -1.2% 130.0 2014/6 170.2 -1.1% 156.6 1.8% 166.9 -4.6% 174.5 -0.5% 120.0 2014/7 168.8 -0.8% 147.1 -6.1% 166.4 -0.3% 173.9 -0.3% 2014/1 2014/2 2014/3 2014/4 2014/5 2014/6 2014/7 2014/8 2014/9 2015/1* 2013/10 2013/11 2013/12 2014/10 2014/11 2014/12 2014/8 170.0 0.7% 155.7 5.8% 164.5 -1.1% 174.6 0.4% 2014/9 168.8 -0.7% 153.1 -1.7% 170.0 3.3% 171.4 -1.8% 2015 Jan Resale Index 167.2 2014/10 169.7 0.5% 154.3 0.8% 170.5 0.3% 172.8 0.8% 2014/11 167.8 -1.1% 154.5 0.1% 168.0 -1.5% 170.2 -1.5% 2014 Dec Resale Index 167.6 2014/12 167.6 -0.1% 151.9 -1.7% 165.0 -1.8% 170.5 0.2% Change (Month-on-month) -0.2% 2015/1* 167.2 -0.2% 149.3 -1.7% 167.5 1.5% 168.6 -1.1%

*The latest month’s values are based on ash estimates *The latest month’s values are based on ash estimates

Source: SRX PROPERTY / URA 8 HOMEBUYERS HOMEBUYERS 9 2. MedianTransactionOverX-Value(TOX)($) bigger the number, the faster the pace of increase price or decrease. paying above recent transactions. a Likewise, negative number means people are paying below recent transactions, causing downward pressure on prices. The Comment from Jeremy Lee, Co-Founder of - SRX the COV,“Like TOX is a indicator forward on how is. heated the A market positive number means people are district’s the and for X-Value value difference home, price the a and transacted median the market between the is TOX. X-Value. its with district a for in value unit transacted each compare actual the algorithms SRX month, Each The X-Value the estimate computer-generated of a is TOX standsfor Transaction Over X-Value. About ‘TOX’: 10 HOMEBUYERS Numbersareroundedtothenearest thousand. Greenfieldscontainfiguresderived fromonly1transactionwithTOX. Bluefieldscontainfigures derivedfromlessthan10transactionswithTOX. Note: -25,000 -20,000 -15,000 -10,000 -5,000 5,000 0 DISTRICT Change (Month-on-month) 14 13 12 11 10 9 8 7 6 5 4 3 2 1 3,000 2013M9 2014 DecTOX 2014 JanTOX -5,000 2013M10 -10,000 2013M11 -17,000 -

2013M12 -15,000 Median TOX -30,000 -10,000 -15,000 -70,000 60,000 10,000 6,000 4,500 3,000 2014M1 -12,000 – – – – –

2014M2 Median ResaleTOX TOX byDistrict -20,000

2014M3 -12,000

2014M4 -10,000

2014M5 DISTRICT Overall -15,000 24 28 27 26 25 23 22 21 20 19 18 17 16 15 2014M6 -20,000 -10,000 2014M7

-$10,000 -$10,000 2014M8 -2,000 0 - 2014M9 -4,000

Median TOX 2014M10 -10,000 -11,000 -31,000 -14,000 -31,000 -17,000 -20,000 -20,000 32,000 Source: SRXPROPERTY -9,000 -6,000 8,000 9,000 1,000 – -10,000 0 2014M11

2014M12 -10,000

2015M1 SINGAPORE Source: SRXPROPERTY Index: Base2009Jan 100.0 105.0 110.0 115.0 120.0 125.0 130.0 135.0 140.0 Non-land 128.5 2013/11 Change 127.5 2014 2015 JanRentalIndex 2013/12 129.1 Dec RentalIndex (Month 2014/1 128.3 -

on 2014/2 ed SPI forNLPrivateRentals - month) 127.5 2014/3 Pr 127.0

2014/4 Rental iv 126.3 2014/5 ate 125.9

2014/6 Price 124.7 2014/7 Rent 124.2 2014/8 123.7 2014/9 +0.2% 121.3 121.5 al 123.0 2014/10 Non-Landed PrivateMonthlyRentalVolume Mar 121.9 2014/11

2014/12 121.3 Rental Volume ket 2015/1* 121.5

(Flash)

- Jan 2015 *The latestmonth’svaluesarebasedon ashestimates M 2015/1* 120.9 0.2% 1.9% 117.4-0.8%126.9 0.2% 121.5 2014/12 121.3 -0.5%118.4-1.2%124.5 120.6 -0.6% 0.4% 2014/11 125.2 120.1 -1.3% 0.1% -1.2% 121.9 -0.9%119.8 2014/10 123.0 -0.6%119.7-0.7%126.8 121.5 -0.7% -1.2% 2014/9 123.7 -0.4%120.6-0.2%127.7 123.0 -1.0% -0.3% 2014/8 123.4 0.5% -0.5% 124.2 -0.4%120.8-1.2%129.0 2014/7 124.7 -1.0%122.3 -1.6% 128.4 124.0 -1.2% -0.1% 2014/6 124.1 2.0% -1.0% 125.9 -0.3%124.3 -1.1%129.9 2014/5 126.3 -0.6%125.7 -0.1% 127.3 125.3 -1.1% -1.3% 2014/4 127.0 -0.4%125.8 -1.6%128.7 127.0 -0.5% 0.1% 2014/3 129.3 126.9 -1.8% 0.2% -0.2% 127.5 -0.6%127.8 2014/2 131.7 127.1 -1.9% 0.2% -1.1% 128.3 -0.6%127.6 2014/1 129.1 1.3%127.41.0%134.2 128.5 3.2% 0.5% Year/ on th Va In A de l lu

Non-La x e Priv a te M Cha nd on e ng thl d e y Va In *Based onnumber compiled*Based 5Feb 2015 de lu Core x e SPI byRegion Reg Cen io M Cha n tral on ng thl e y Va In Res de lu 3 x e t , Reg 417[E] of Cen io M Cha n on HOMEBUYERS 11 tral (Flash) ng thl e y Va In O de lu utsi x e Reg de

io C M en Cha n on tr ng al thl e y SPOTLIGHT SINGAPORE FINANCE

SEA’s First Real Estate Crowdfunding Site UNDERSTANDING YOUR ‘CoAssets’ seals S$1 million investment Platform enhancements and regional expansion planned CREDIT REPORT

Singapore, 12 February 2015 – CoAssets, Southeast Asia’s first real estate crowdfunding platform, has closed a Series A S$1 million investment round by private investors, at Did you know that Credit Bureau Singapore a S$13 million valuation. An earlier round of funding was supported by Expara IDM Ventures and private investor Dr Jeffrey Chi, Managing Director of Vickers Venture (CBS), Singapore’s consumer credit bureau, Partners (VVP) and Chairman of the Singapore Venture Capital & Private Equity launched an enhanced version of your Association. This round of investment will support platform enhancements and regional expansion. consumer credit report in December 2014?

Mr Getty Goh, Co-Founder and Chief Executive Officer of CoAssets said, “Crowdfunding The enhanced credit report displays your aggregate credit limits and is quite a new concept, and is completely new for the property sector within Asia. The aggregate outstanding balances across Financial Institutions (FIs), which CoAssets platform brings together property developers who are looking for alternative financing and investors looking for investment diversification. There is huge potential in will help you better manage your total debt. this model, and we will build our leadership in the space.” These enhancements come in place as FIs are now required to review CoAssets has crowdfunded S$36 million for more than 15 projects to date. Investors in every borrower’s credit file upon their credit facility application. The those projects have received pay-outs of $120,000 in total, averaging a return of ten to 20 per cent. A Malaysia office is already operating. The company will launch in Australia implementation is aimed at increasing an FI’s ability to thoroughly assess in the next few months. a borrower’s credit worthiness before granting credit.

CoAssets, launched in July 2013, crowdfunds for residential and commercial properties Mr Robert Reynolds, seen here with Mr Getty Goh at the Expo for Property Investing and Crowdfunding (EPIC) 2014. in Asia, Australia, the UK and the US. It is growing rapidly, with membership increasing In this article, we tell you more about your credit report. from 200 to over 6,000, across Singapore, Malaysia and the region. The platform provides developers, agents and home or land owners with an alternative source of funding for Your credit report provides a holistic view of your credit payment habits. their properties, linking them to investors who are keen on co-developing projects and By keeping track of your credit report on a regular basis, you will be better co-purchasing units. informed of any changes that have been made to your credit file. Crowdfunding is a rapidly growing global industry. Massolution, a research firm specialising in crowdsourcing and crowdfunding, reported US$2.7 billion was raised by This in turn helps you manage your credit reputation more effectively as crowdfunding platforms in 2012, funding over a million campaigns that were donation, well as stay mindful of what the lenders know about you. reward, lending and equity based; they estimate US$5.1 billion was raised in 2013.

Dr Chi, who is also a mentor to the start-up, said, “CoAssets has great potential, as the first With the enhanced credit report, you can also make better borrowing to market in Southeast Asia. It is managed by a very experienced team and the business decisions for future credit applications. model has proven successful, with over S$1 million in revenue in their first year.” CoAssets reported revenue of S$1 million last August, based on a combination of collected income and MOUs signed with various developers who used the crowdfunding Furthermore, borrowers who are at risk of credit problems can avoid platform. running into deeper debt, while those who are over-geared can take steps to reduce their outstanding debt. Developer Thai Treasures Pte Ltd used the platform for its The Lai Thai Luxury Condominiums project, listing two units on CoAssets, providing an option to Dr Chi, seen here with Mr Getty Goh at the inaugural Expo for Property Investing and Crowdfunding (EPIC) 2014. co-purchase or co-own. Investors receive returns when the units are rented out and An individual’s credit report contains information that is uploaded by the will receive returns when the units are sold. Thai Treasures made a first pay-out, of Bureau’s members on a monthly basis. The data is then consolidated and seven per cent, to its crowdfunders in September 2014. About Getty Goh sorted into sections. Aggregate Outstanding Balances Sample “CoAssets has brought a very useful financing model for developers like us, with Mr Getty Goh is the Chief Executive Ocer and Co-Founder for CoAssets. Month Product Type Grantor Bank Secured Unsecured Exempted Balances Balances Unsecured investment needs that may be too small for bigger financial institutions and yet too He has a Masters of Real Estate as well as a Bachelors of Building from Credit Limit Balances the National University of Singapore. He is also a director with Ascendant large for the average investor,” stated Mr Robert Reynolds, Director of Thai Treasures. October 2014 Secured Overdraft Bank E 5,000.00 0.00 0.00 Assets Pte Ltd. In 2012, Getty was awarded the Successful Entrepreneur Your credit limit is the maximum amount of credit that an FI has Investors using the platform are safeguarded by a number of measures, including Platinum Award as well as Promising SME 500 Platinum Award. Getty extended to you for a particular line of credit. For instance, when more Renovation Loan Bank D 0.00 0.00 10,000.00 personal guarantees signed by developers, agents and home or land owners who list is also an accomplished writer and speaker. He is frequently invited to Unsecured Credit Card Bank B 0.00 5,000.00 0.00 projects, as well as a cap of S$5 million on the total investment amount. share insights on the Singapore property market at public seminars. than one credit card has been issued by an FI, the credit cards may be Unsecured Overdraft Bank A 0.00 3,000.00 0.00 About CoAssets.com Apart from that, Getty contributes regularly to the Sunday Times, subject to a shared common credit limit. Property Report magazine, iProperty.com, Yahoo.com, etc. Total 5,000.00 8,000.00 10,000.00

Aggregate Outstanding Balances for Preceding 5 Months CoAssets (www.coassets.com) is South East Asia’s first real estate group buying and About Dr Seh Huan Kiat crowdfunding. It is not licensed and/or regulated by the Monetary Authority of Outstanding Balance September 2014 All All 34,000.00 5,000.00 5,500.00 Dr Seh Huan Kiat is the Chief Technical Ocer and Co-Founder of Singapore. Officially launched in Singapore on July 2013, it currently has more than Outstanding balance is the amount owed to the lenders. This includes August 2014 All All 35,000.00 4,000.00 6,000.00 CoAssets. He holds a Doctoral Degree from Massachusetts Institute of 6,000 registered users. In terms of deals, since December 2014, the total value of Technology and a Bachelors Degree from Imperial College London. He the unbilled portion of any Interest-free payment plans you have July 2014 All All 36,000.00 3,000.00 6,500.00 deals listed on CoAssets is more than S$40 million (US$32 million) and the amount had previously worked at Intel Corp in the United States for more than 6 previously signed up for. June 2014 All All 37,000.00 2,000.00 0.00 successfully funded currently stands at more than S$36 million (US$28 million). The years. Huan Kiat is also a real estate investor and manages a multi-million May 2014 All All 38,000.00 1,000.00 0.00 company recently won the Red Herring Top 100 Asia Award for 2014, as well as OPP dollar investment portfolio. Gold Award for Excellence. For more information, visit www.creditbureau.com.sg.

12 HOMEBUYERS HOMEBUYERS 13 PROPERTY SHOWCASE SINGAPORE

A property that goes Above and Beyond Highline Residences - Aim Higher

Located in a strategic central district, amenities are aplenty with the MRT station and Tiong Bahru Plaza just a stroll away, a host of retail and lifestyle amenities can also be found in neighbouring shopping mall Great World City too. Homeowners of Highline Residences can also enjoy delicious cuisines from famous eateries, cafes and restaurants along Seng Poh Road, Tiong Bahru Food Centre, Chinatown and Havelock Road nearby.

For eager parents seeking to ensure quality education for their children, there are reputable schools and institutions in the vicinity, including Alexandra Primary School, CHIJ (Kellock) (Primary), Gan Eng Seng Primary School, Crescent Girls’ School (Secondary) and the PSB Academy.

With an upcoming Havelock MRT station along Zion Road, Highline Residences provides easy access with a few minutes’ ride to the main shopping belts of Orchard, the Central Business District (CBD) and Marina Bay. Being close to the major expressways of the Central Expressway (CTE) and (AYE), one can relax after a long day of work and take in the soothing sights and sounds of nature at the Tiong Bahru Park, and Henderson Waves Bridges nearby.

Interested? Find out more about living the high life at the Highline Residences today! ■

For enquiries on Highline Residences, please contact Chui Ping of Huttons Asia Pte Ltd (L3008899K) Highline Residences is a prime residential condominium built in the heart of Tiong Bahru, one of Singapore’s oldest residential neighbourhoods. Exuding both heritage and Mobile No: 9835 7397 (CEA Reg Number: R012120J) trendiness through conserved vintage shophouses, chic and contemporary restaurants add to the Email: [email protected] overall appeal of the neighbourhood. Developer: Keppel Land Outlining 500 homes over seven blocks, the Highline Residences provides residents with a range of Location: Kim Tian Road 2 selected housing choices (from 1 bedroom units to Penthouse apartments), and is the first and probably Site Area: 10,990.6 m the only project in Tiong Bahru to offer 3 bedroom and 4 bedroom dual key units. The diversity and Lease Period: 99 years Maximum Dwelling Units (DUs): 500 units attractive living spaces has thus drawn strong, positive demand from investors and homebuyers aspiring Project Completion Period: 60 months to own an elite, quality abode in the city fringe.

14 HOMEBUYERS HOMEBUYERS 15 PROPERTY SHOWCASE SINGAPORE

Also within a 10-min drive are several shopping and entertainment centres, ranging from the brand new Wave mall and upcoming Square to the A New Level Sports Hub, Singapore Post Centre and a range of eateries and shops in the vibrant District. Sims Urban Oasis is also close to educational institutions, such as Geylang Methodist Primary School, Geylang Methodist Secondary School, Kong Hwa School and James Cook University. With a slew of exciting developments taking of Inclusiveness place in the neighbourhood, Sims Urban Oasis is set to transform from a cluster of old cafes and factories into a modern town where hip heritage and old-world charm meets entrepreneurial edge. Sims Urban Oasis – Centre of New

The close proximity to growth clusters, such as the upcoming Paya Lebar sub-regional centre, Kallang Riverside, Wisma Geylang Serai and relocation of the Paya Lebar airbase frees up land parcels to develop fresh, up-and-coming projects in the near future, making Sims Urban Oasis an excellent investment opportunity. With an expected completion by 2020 and comprising of 1024 units across eight towers, the condominium’s facilities will provide a full suite of recreational lifestyle options for residents - including a sky park, clubhouse, indoor gym, tennis court, swimming pools, BBQ pavilions, shops and childcare centre.

Indulge in a serene and tranquil lifestyle right at the heart of Singapore. At Sims Urban Oasis, a home is more than a dwelling. A home is where harmonious family life is fostered, lasting friendships are forged and memorable moments are created. Thoughtfully designed, the amenities and structures create opportunities for interaction. Whether it's a family with children, a single, or a couple, this is a residence where everyone belongs. ■

Sims Urban Oasis is a 99-years leasehold residential condominium For enquiries on Sims Urban Oasis, please contact: situated in the prime District 14 Sims Drive. Residents will enjoy the best of both worlds Mr Lester Soh of Huttons Asia Pte Ltd (L3008899K) in the city edge living - the energy and vibrancy of the city with the peace and tranquility Mobile No: +65-8118-6222 (R024013G) of nature. Email: [email protected]

Just a five minutes’ walk from MRT, and with access to the Developer: Sims Urban Oasis Pte Ltd (PIE), Kallang-Paya Lebar Expressway (KPE) and , residents will be able Location: Sims Drive to reach island amenities like the CBD and International Airport swiftly with No. of units: 1024 uninterrupted ease. Raffles Place is just 5 MRT stations away. Property Type: Condominium Tenure: 99 years Planned and Expected date of TOP: 30 Jun 2020

16 HOMEBUYERS HOMEBUYERS 17 PROPERTY SHOWCASE SINGAPORE

The New Treasure in District Lakeville ~ A Home By The Lake

Be intimately acquainted with the stunning beauty of nature as nearly each of the 696 units across six sprawling towers opens up to a panoramic view of the district and beyond.

Lakeville provides a home for residents to have their very own canvas for a living masterpiece. Beginning the selection from a wide variety of one to five bedrooms, dual-key and penthouse residences designed to cater to every need, while boasting spacious and efficient layouts in a multitude of configurations, residents can start to craft their ideal living space. The highly functional private enclosed spaces, balconies and terraces have also been meticulously positioned to allow residents to take in the surrounding view with ease.

Be intimately acquainted with the stunning beauty of nature as nearly each of the 696 units across six sprawling towers opens up to a panoramic view of the district and beyond.

The jewel at the centre of a transformative landscape - Lakeville is the newest condominium launch within the up-and-coming ‘Central Business District of the West’ - the . Jurong is already in the process of transforming into a regional centre with the completion of 2 hospitals, the Ng

Teng Fong Hospital (which will begin operations in July 2015) and the Jurong MRT Community Hospital, as well as the opening of the first hotel, Genting Hotel, in Jurong come May 2015.The Singapore Science Centre will also relocate by 2020 to its new grounds just next to the Chinese Gardens MRT station, which will house 4 Lakeville provides a home for residents to have their very own canvas for a living masterpiece. to 5 edu-tainment centres. Beginning the selection from a wide variety of one to five bedrooms, dual-key and penthouse For enquiries on LakeVille, please contact residences designed to cater to every need, while boasting spacious and efficient layouts in a Chui Ping of Huttons Asia Pte Ltd (L3008899K) To fulfill Singapore's ambition to be the first Smart Nation in the world, the Jurong multitude of configurations, residents can start to craft their ideal living space. The highly functional Mobile No: 9835 7397 (CEA Reg Number: R012120J) Lake district has been singled out to be the test bed for the smart city plans. Trials private enclosed spaces, balconies and terraces have also been meticulously positioned to allow Email: [email protected] for the first driverless buggies were implemented in the Chinese and Japanese residents to take in the surrounding view with ease. Gardens in October 2014. Trials will also soon begin in the Jurong Lake district, to Developer: MCL Land place sensors that can detect air pollutants, heavy rainfall and traffic congestions Location: 1-13 Jurong Lake Link via fibre-optic lines at street lamps and bus stops Residents can also experience the peace and tranquility from the current enhancements of District: 22 the Chinese and Japanese Gardens at Jurong Lake. The waterfront promenade along Jurong Tenure: 99 years leasehold Est TOP Datte: TBA Such ambitious new plans to make Jurong a business and leisure centre will likely boost home prices. And with the possibility of the high speed rail Lake will include recreational water activities like kayaking and dragon-boating, while more Total Units: 696 (which will connect Singapore to Kuala Lumpur, and possibly to Thailand and all the way to China) terminal to be built in Jurong, many will look to public amenities such as boardwalks, fishing points, wetlands and water features added to No of Blocks/Storeys: 6 Blocks of 16 Storeys increase the accessibility of facilities and activities for residents and tourists alike. Come alive Jurong as a strategic gateway to Asean and China. What are you waiting for? No of Carpark Lots: 696 + 7 handicap at the heart of it all with Lakeville. ■

18 HOMEBUYERS HOMEBUYERS 19 PROPERTY SHOWCASE SINGAPORE

The Gem of the East MERIDIAN 38

Some of the best schools in Singapore are just a short walk or drive away. With schools like Tao Nan School, Ngee Ann Primary School and CHIJ () Primary school all within a 1 km vicinity, you can be sure that your children receive the best education at great convenience. Best of all, the tranquillity of the nearby beach offers peace a place to rest and unwind after a long day at the office.

With the convenience of 2 MRT stations just a few minutes away – Eunos and Kembangan MRT, and in the near future, the Thomson-East Coast Line, travelling Meridian 38 is in close proximity to everywhere that matters. Whether it is engaging in sports at East has never been easier. Easy accessibility via the PIE, KPE and ECP also makes Coast Park, immersing in performances at the Esplanade, travelling to work in the Central Business District or simply getting around Singapore a breeze. entertaining at any of 2 integrated resorts, all of these desired destinations are just a moment away. Meridian 38 truly stands out in the neighbourhood, For enquiries on Meridian 38, please contact Lyndy Sze of OrangeTee.com Pte Ltd (CEA License No: L3009250K) This exciting freehold development is peaceful and serene, yet convenient – simply the best of both worlds! It features befitting the discerned owner and astute investor. ■ Mobile No: 9633 5822 (CEA Reg: R013467A) a dual-key design, as well as facilities including a pool, BBQ pits, gymnasium, playground, and an outdoor fitness centre. Email: [email protected] Choice of unit type include 2, 3 bedroom-unites and penthouses.

Nestled in the heart of Katong, a charming neighbourhood that is steeped in history, Meridian 38 redefines itself as a Developer: JVA Telok Kurau Pte Ltd magnet for the young and the young-at-heart. With a multitude of entertainment options, including shopping, dining Location: East Coast Road and social spots scattered throughout the area, you will never be stumped for when it comes to looking for something No. Of Units: 19 units to do. Shopaholics will find joy at Parkway Parade, 112 Katong and One KM. If you're a foodie, you'll be glad to know Tenure: Freehold that there are plenty of famous eateries in the vicinity, such as Katong and Joo Chiat! Expected Date of TOP: 30 June 2015

20 HOMEBUYERS HOMEBUYERS 21 PROPERTY SHOWCASE SINGAPORE

Connectivity that brings you places. Just minutes walk from 4 MRT stations – , Telok Ayer, Raffles Place and the upcoming , Crown At Robinson offers unparalleled accessibility to an intricate MRT network interweaving the East West Line, North South Line, Downtown Line and future Thomson Crown At Robinson Line. Crown At Robinson is also effortlessly linked to major expressways and surrounded by worldclass amenities such as , Island, and Mall.

Step into luxury. Usher guests and associates through luxurious lobby interiors that speak volumes of your sophisticated taste. Lit up by dazzling Art Deco-inspired ornamented ceiling lighting, these glittering components reflect the beauty of the city’s brilliance in its entirety.

A unique space where the unconventional meet. Your boardroom is in the sky. Say goodbye to boring office meetings. Stimulate your mind and think out of the box at the Level 6 Sky Pavilions. Where its inviting ambience and lush, tranquil landscaping awaits you.

A creative workspace that fuels the mind. Crown At Robinson is the epitome of workplace modernity. With typically 8 Offices per floor, contemporary workspaces give you the luxury of layout customisation to suit the needs of your business interests.

Unwind at any given time of the day with well-appointed facilities. Reap the rewards of your hard work at Crown At Robinson. After a hectic day, unwind at the Sky Gallery on Level 6. Rejuvenate your sense of being with a splash into a 20-metre swimming pool or relax at the Sky Lounge amidst lush greenery. Look no further, for this multi-purpose space is the perfect venue to host company functions, bonding sessions and special events.

Let breathtaking views of the city and beyond come to you. At Level 18 Sky Panorama, step into a surreal wonderland of checkerboard walkways enclosed within pristine nature. Let the most scenic spot of the development inspire your ideas as your spirit soar at the premier vantage point of the city skyline. ■ Welcome to the business address of the future. An iconic freehold development set in the heart of Robinson Road.

A crowning achievement designed to make a statement. Envision an architectural gem of distinctive Art Deco accents that exude a sense of quiet elegance and timeless For enquiries on Crown At Robinson, please contact grandeur. Inspired by the bold touches of the celebrated artistic era, Crown At Robinson redefines the landscape Ms Mary Tan (R007295A) of Huttons Asia Pte Ltd (L3008899K) of Robinson Road with its dramatic golden tones set against classic dark hues. A magnificent Art Deco crown rests at 9008 8001 atop the development, encircled by an enchanting glow that casts the neighbourhood in its shadow. Email: [email protected] The meeting place of people and ideas. Embrace this opportunity to own a rare freehold strata unit with a coveted Robinson Road postal code – the Developer: Wywy Group Singapore ultimate embodiment of corporate success. Seize your front row seat in the rejuvenation of Marina Downtown. Location: Robinson Road Crown At Robinson puts you right at the centre of all the excitement happening within and around the CBD. Tenure: Freehold Immerse in Bayfront Avenue’s retail and entertainment district, relish in the transformative urban greening of Expected Date of TOP: 2016 Tanjong Pagar and explore the galleries, museums and theatres that dot the area. Capture a wealth of business For Sale: 80 Offices potential in the dynamic city centre that will propel your assets further.

22 HOMEBUYERS HOMEBUYERS 23

Private Residential Property Transactions LANDED PROPERTY Project Name Street Name Tenure Price ($) Floor Area Unit Price with Caveats Lodged (Jan – Feb 2015) (Sq ft) (Sq ft)

District 19 LANDED HOUSING DEVELOPMENT SURIN AVENUE FH 2,488,000 2,322 1,570 LANDED PROPERTY PARRY GREEN LIMBOK TERRACE LH 3,600,000 3,082 818 PARRY PARK PARRY WALK LH 2,270,000 1,837 1,316 Project Name Street Name Tenure Price ($) Floor Area Unit Price LANDED HOUSING DEVELOPMENT JALAN LEPAS FH 2,150,000 2,093 1,111 (Sq ft) (Sq ft) D' SILVA TERRACE KANG CHOO BIN ROAD LH 2,310,000 1,631 941 LANDED HOUSING DEVELOPMENT TAI HWAN CRESCENT FH 2,680,000 1,707 1,144 LANDED HOUSING DEVELOPMENT TAI KENG GARDENS FH 3,500,000 4,280 1,387 District 5 GARDEN ESTATE BRIDPORT AVENUE LH 2,475,000 2,164 1,412 BAROSSA GARDENS ROAD FH 1,950,000 2,110 924 LANDED HOUSING DEVELOPMENT POH HUAT ROAD LH 3,380,000 2,394 1,081

LANDED HOUSING DEVELOPMENT PAYA LEBAR CRESCENT FH 9,380,000 8,681 1,126 District 10 CHUAN GREEN CHUAN DRIVE LH 1,980,000 1,758 1,432 MOUNT ECHO PARK MOUNT ECHO PARK FH 22,000,000 15,117 1,455 ALWYN PARK HONG LEE PLACE FH 2,300,000 1,724 1,319 LANDED HOUSING DEVELOPMENT JERVOIS ROAD FH 25,000,000 14,824 1,686 LANDED HOUSING DEVELOPMENT HOW SUN ROAD FH 2,050,000 1,278 1,190 PEIRCE VILLAS SWETTENHAM ROAD FH 23,520,000 15,240 1,543 LANDED HOUSING DEVELOPMENT HOW SUN CLOSE FH 2,380,000 1,797 1,098 LANDED HOUSING DEVELOPMENT HOLLAND ROAD FH 11,380,196 7,151 1,592 SERANGOON GARDEN ESTATE STOKESAY DRIVE LH 4,028,000 4,178 1,334 LANDED HOUSING DEVELOPMENT HOLLAND ROAD FH 11,119,803 6,987 1,592 LANDED HOUSING DEVELOPMENT FLORENCE ROAD FH 2,380,000 1,827 724 LANDED HOUSING DEVELOPMENT CORONATION ROAD FH 6,500,000 3,995 1,627 LANDED HOUSING DEVELOPMENT MARLENE AVENUE FH 3,300,000 2,748 1,604 LANDED HOUSING DEVELOPMENT JALAN JELITA LH 5,200,000 3,545 1,467 GOLDEN HILL ESTATE LI HWAN DRIVE FH 2,350,000 1,671 1,325 CAMWOOD PARK GALLOP ROAD FH 24,000,000 15,341 1,564 SERANGOON GARDEN ESTATE TAVISTOCK AVENUE LH 5,218,000 5,307 964

District 11 District 20 LANDED HOUSING DEVELOPMENT WATTEN RISE FH 6,398,000 3,926 1,445 HILLS ESTATE JALAN CHEMPEDAK FH 2,620,000 1,953 1,366 LANDED HOUSING DEVELOPMENT JALAN PASIRAN FH 12,800,000 11,685 1,844 THOMSON PARK JALAN IKAN MERAH FH 2,268,000 1,603 1,303 LANDED HOUSING DEVELOPMENT CLOVER RISE FH 2,125,000 1,679 1,273 District 12 WELLINGTON PARK ELLINGTON SQUARE FH 2,200,000 1,863 966 LANDED HOUSING DEVELOPMENT BENG WAN ROAD LH 880,000 4,000 1,630 THOMSON PARK JALAN SEMBILANG FH 3,168,000 2,852 1,201 THOMSON PARK JALAN KELI FH 2,600,000 1,874 631 District 13 SEMBAWANG HILLS ESTATE JALAN MENARONG FH 2,640,000 2,001 960 OASIS @ MULBERRY LICHI AVENUE FH 2,500,000 1,703 1,339 WINDSOR PARK ESTATE LEO DRIVE FH 2,430,000 2,042 1,045 LANDED HOUSING DEVELOPMENT KENANGA AVENUE FH 3,400,000 2,042 1,027 YEW LIAN PARK TAMAN PERMATA FH 4,130,000 3,763 1,407 SENNETT ESTATE CHEMPAKA AVENUE FH 2,690,000 1,850 220 SEMBAWANG HILLS ESTATE JALAN LEBAN FH 3,500,000 3,351 983 LANDED HOUSING DEVELOPMENT JALAN MAWAR FH 2,320,000 2,123 1,544 THOMSON HILLS ESTATE SEMBAWANG HILLS DRIVE FH 2,750,000 2,010 1,368 SENNETT ESTATE BUTTERFLY AVENUE FH 2,200,000 1,847 1,367 LANDED HOUSING DEVELOPMENT MAYFLOWER PLACE FH 4,000,000 3,439 1,163 LANDED HOUSING DEVELOPMENT JALAN WANGI FH 1,620,000 1,340 1,468 LANDED HOUSING DEVELOPMENT MACPHERSON ROAD FH 1,635,000 1,501 1,072 District 21 CLEMENTI GREEN CLEMENTI CRESCENT FH 5,200,000 4,823 828 District 14 SAVOY PARK ENG KONG DRIVE FH 2,420,000 1,907 1,078 LANDED HOUSING DEVELOPMENT LORONG 40 GEYLANG FH 1,750,000 1,333 1,313 SAVOY PARK ENG KONG DRIVE FH 3,300,000 3,936 1,027 LANDED HOUSING DEVELOPMENT JALAN SENANG FH 3,380,000 3,085 1,665 HOOVER PARK CHUN TIN ROAD FH 3,800,000 1,911 1,014 CHENG SOON GARDEN KISMIS AVENUE FH 3,600,000 2,937 599 District 15 BINJAI CREST JALAN KAMPONG CHANTEK LH 2,200,000 3,778 1,056 THE MONDRIAN HINDHEDE PLACE LH 3,800,000 2,353 1,269 LANDED HOUSING DEVELOPMENT LANGSAT ROAD FH 2,450,000 1,695 1,133 HONG KONG PARK BEE SAN AVENUE LH 3,900,000 2,627 838 LANDED HOUSING DEVELOPMENT LANGSAT ROAD FH 4,000,000 2,169 1,454

TEMBELING TERRACES TEMBELING ROAD FH 2,900,000 2,166 769 District 22 LANDED HOUSING DEVELOPMENT LORONG M TELOK KURAU FH 3,300,000 3,214 906 YUNNAN GARDENS YUNNAN CRESCENT FH 2,450,000 2,959 1,989 FERNWOOD TERRACE FERNWOOD TERRACE FH 2,650,000 1,716 1,093 LAKESIDE GROVE CORPORATION RISE LH 1,700,000 1,609 842 FRANKEL ESTATE WILTON GARDENS FH 3,008,000 2,201 1,488

LANDED HOUSING DEVELOPMENT ELITE PARK AVENUE FH 3,750,000 3,499 1,095 District 23 FRANKEL ESTATE DRIVE FH 4,800,000 4,237 1,096 VILLA VERDE VERDE CRESCENT LH 1,550,000 1,841 1,226 LANDED HOUSING DEVELOPMENT ONAN ROAD FH 2,920,000 3,798 1,191 VILLA VERDE VERDE CRESCENT LH 1,420,000 1,935 582 LANDED HOUSING DEVELOPMENT DUKU ROAD FH 1,800,000 1,986 1,365 HUA MEI GARDENS PHOENIX RISE FH 3,600,000 4,382 1,615 FOURTH STREET FH 4,300,000 2,889 1,209 LANDED HOUSING DEVELOPMENT SIGLAP ROAD FH 2,500,000 1,832 1,090 District 25 LANDED HOUSING DEVELOPMENT OAKWOOD GROVE LH 4,530,000 7,556 734 District 16 GREEN PARK JALAN LIMAU KASTURI LH 2,580,000 1,960 1,342 District 26 LANDED HOUSING DEVELOPMENT SENNETT DRIVE FH 3,200,000 2,235 1,072 GARDEN MENG SUAN ROAD LH 6,500,000 6,329 1,484 LANDED HOUSING DEVELOPMENT KEW HEIGHTS LH 3,250,000 4,492 1,168 SPRINGLEAF GARDEN SPRINGLEAF HEIGHT FH 3,600,000 3,550 822 GUAN SOON TERRACE GUAN SOON AVENUE FH 2,260,000 1,654 1,235 GUAN SOON VILLAS GUAN SOON AVENUE FH 2,300,000 1,806 1,415 District 27 LANDED HOUSING DEVELOPMENT LANE FH 3,430,000 3,549 1,265 LANDED HOUSING DEVELOPMENT PLATINA ROAD FH 3,238,000 2,356 1,374 THE SPRINGFIELD CHEMPAKA KUNING LINK LH 1,515,000 2,400 1,027 LANDED HOUSING DEVELOPMENT WAK HASSAN DRIVE LH 5,600,000 4,721 982

District 17 District 28 LOYANG VILLAS LOYANG RISE LH 1,550,000 1,648 1,181 LILAC PARK NIM ROAD FH 4,500,000 4,583 1,186 HILLS ESTATE JALAN PELAJAU LH 4,418,000 3,072 1,438 District 18 ESTE VILLA NIM ROAD FH 2,350,000 3,412 689 THE RIVERINA RIVERINA CRESCENT LH 1,550,000 1,615 1,417 CAMELIA PARK TAMARIND ROAD FH 4,750,000 4,828 984

30 HOMEBUYERS HOMEBUYERS 31 NON-LANDED PROPERTY NON-LANDED PROPERTY

Project Name Street Name Tenure Price ($) Floor Area Unit Price Project Name Street Name Tenure Price ($) Floor Area Unit Price (Sq ft) (Sq ft) (Sq ft) (Sq ft)

District 1 District 7 V ON SHENTON SHENTON WAY LH 1,340,000 452 2,964 THE BENCOOLEN BENCOOLEN STREET LH 1,300,000 883 1,473 FOOK HAI BUILDING LH 1,450,000 1,744 832 SUNSHINE PLAZA PRINSEP LINK LH 1,650,000 1,668 989 RESIDENCES MARINA WAY LH 2,566,900 1,119 2,293 TEXTILE CENTRE JALAN SULTAN LH 639,900 883 725 MARINA BAY RESIDENCES LH 8,169,600 2,368 3,450 CITY GATE BEACH ROAD LH 1,243,000 710 1,750 MARINA BAY RESIDENCES MARINA BOULEVARD LH 7,459,200 2,368 3,150 CITY GATE BEACH ROAD LH 1,204,655 710 1,696 THE CLIFT MCCALLUM STREET LH 1,436,000 818 1,755 CITY GATE BEACH ROAD LH 1,249,000 678 1,842 MARINA BAY SUITES CENTRAL BOULEVARD LH 4,450,000 2,067 2,153 THE PLAZA BEACH ROAD LH 625,000 678 922 THE CLIFT MCCALLUM STREET LH 1,950,000 753 2,588 CITY GATE BEACH ROAD LH 1,005,000 570 1,762 RIVERWALK APARTMENT UPPER CIRCULAR ROAD LH 1,580,000 1,259 1,255 CITY GATE BEACH ROAD LH 1,243,000 700 1,777 MARINA ONE RESIDENCES MARINA WAY LH 1,642,550 700 2,348 CITY GATE BEACH ROAD LH 1,180,000 700 1,687 THE CLIFT MCCALLUM STREET LH 1,900,000 1,076 1,765 CITY GATE BEACH ROAD LH 1,055,000 560 1,885

District 2 District 8 THE BEACON CANTONMENT ROAD FH 1,420,000 969 1,466 CITYLIGHTS JELLICOE ROAD FH 1,400,000 904 1,548 ONZE @ TANJONG PAGAR KEE SENG STREET LH 2,590,000 1,141 2,270 CITIGATE RESIDENCE RANGOON ROAD LH 840,000 753 1,115 76 SHENTON SHENTON WAY LH 1,780,000 980 1,817 KERRISDALE STURDEE ROAD LH 1,350,000 1,281 1,054 THE BEACON CANTONMENT ROAD LH 1,525,000 1,109 1,375 KERRISDALE STURDEE ROAD LH 1,270,000 1,259 1,008 SPOTTISWOODE PARK SPOTTISWOODE PARK ROAD LH 720,000 850 847 KERRISDALE STURDEE ROAD FH 1,488,000 1,485 1,002 SKYSUITES@ANSON ENGGOR STREET FH 1,558,800 667 2,336 FORTE SUITES MERGUI ROAD FH 1,092,300 614 1,780

District 3 CITY SQUARE RESIDENCES KITCHENER LINK FH 1,088,000 570 1,907 THE ANCHORAGE ALEXANDRA ROAD FH 1,930,000 1,604 1,203 THE ANCHORAGE ALEXANDRA ROAD LH 1,800,000 1,830 984 District 9 ALEX RESIDENCES ALEXANDRA VIEW LH 1,505,000 1,044 1,441 THE VERMONT ON CAIRNHILL CAIRNHILL RISE FH 3,100,000 1,410 2,198 ASCENTIA SKY ALEXANDRA VIEW LH 2,410,000 1,798 1,341 PARC EMILY MOUNT EMILY ROAD FH 1,900,000 1,238 1,535 CENTRAL GREEN CONDOMINIUM JALAN MEMBINA LH 1,670,000 1,292 1,293 CAIRNHILL PLAZA CAIRNHILL ROAD FH 3,980,000 2,293 1,736 QUEENS STIRLING ROAD LH 1,438,000 1,195 1,204 SCOTTS HIGHPARK FH 2,100,000 1,141 1,841 VIEW PRINCE CHARLES CRESCENT LH 1,530,000 1,141 1,341 URBAN RESORT CONDOMINIUM CAIRNHILL ROAD FH 4,654,000 2,121 2,195 COMMONWEALTH TOWERS COMMONWEALTH AVENUE LH 853,100 441 1,933 LA CRYSTAL KILLINEY ROAD FH 1,130,000 710 1,591 ALEX RESIDENCES ALEXANDRA VIEW LH 945,000 474 1,995 URBAN RESORT CONDOMINIUM CAIRNHILL ROAD FH 4,682,000 2,121 2,208 ASCENTIA SKY ALEXANDRA VIEW LH 1,620,000 1,012 1,601 URBAN RESORT CONDOMINIUM CAIRNHILL ROAD LH 5,787,000 2,530 2,288 WATERFORD RESIDENCE KIM YAM ROAD FH 1,890,000 1,195 1,582 District 4 MARTIN PLACE RESIDENCES MARTIN PLACE LH 1,270,000 592 2,145 CARIBBEAN AT KEPPEL BAY KEPPEL BAY DRIVE LH 1,880,000 1,227 1,532 8 @ MOUNT SOPHIA MOUNT SOPHIA FH 1,400,000 915 1,530 THE INTERLACE LH 1,300,000 1,076 1,208 LIV ON WILKIE WILKIE TERRACE LH 1,240,000 560 2,215 THE INTERLACE DEPOT ROAD LH 2,777,100 2,056 1,351 ASPEN HEIGHTS RIVER VALLEY ROAD LH 1,650,000 1,109 1,488 HARBOUR VIEW TOWERS DRIVE LH 1,130,000 797 1,419 THE ORCHARD RESIDENCES ORCHARD BOULEVARD FH 5,500,000 1,808 3,041 REFLECTIONS AT KEPPEL BAY KEPPEL BAY VIEW LH 1,590,000 840 1,894 THE COSMOPOLITAN LH 3,250,000 1,679 1,935 THE COAST AT SENTOSA COVE OCEAN DRIVE LH 3,125,000 2,626 1,190 THE PEARL @ MOUNT FABER MOUNT FABER ROAD LH 2,388,000 2,347 1,018 District 10 TURQUOISE COVE DRIVE LH 4,550,000 2,777 1,638 ONE TREE HILL MANSIONS ONE TREE HILL FH 1,630,000 1,615 1,010 THE INTERLACE DEPOT ROAD LH 1,608,000 1,055 1,524 FOUR SEASONS PARK CUSCADEN WALK FH 9,500,000 3,821 2,486 BEAUFORT ON NASSIM NASSIM ROAD FH 4,250,000 1,367 3,109 District 5 THE MARBELLA MOUNT SINAI RISE FH 2,318,000 1,582 1,465 THE ROCHESTER ROCHESTER DRIVE LH 1,205,400 861 1,400 BEVERLY HILL GRANGE ROAD FH 6,960,000 3,778 1,842 DOVER PARKVIEW DOVER RISE FH 1,000,000 936 1,068 LEEDON RESIDENCE LEEDON HEIGHTS FH 3,920,000 2,131 1,839 THE PARC CONDOMINIUM WEST COAST WALK LH 898,000 667 1,346 LEIGHWOODS MOUNT SINAI RISE LH 2,600,000 2,217 1,173 DOVER PARKVIEW DOVER RISE FH 1,300,000 1,249 1,041 D'LEEDON LEEDON HEIGHTS LH 1,020,000 646 1,579 WHITEHAVEN PASIR PANJANG ROAD LH 1,150,000 1,055 1,090 CUSCADEN RESIDENCES CUSCADEN ROAD FH 3,150,000 1,485 2,121 HUNDRED TREES WEST COAST DRIVE LH 1,130,000 915 1,235 D' DALVEY DALVEY ESTATE FH 1,450,000 958 1,514 FABER CREST FABER HEIGHTS LH 1,458,000 1,744 836 THE EQUATORIAL STEVENS ROAD LH 2,050,000 1,378 1,488 MONTEREY PARK CONDOMINIUM WEST COAST RISE LH 1,750,000 1,625 1,077 DUCHESS CREST DUCHESS AVENUE FH 2,030,000 1,582 1,283 FABER CREST FABER HEIGHTS FH 1,050,000 1,238 848 PASIR PANJANG COURT PASIR PANJANG CLOSE LH 1,232,000 1,259 978 CUSCADEN RESIDENCES CUSCADEN ROAD FH 3,000,000 1,496 2,005 THE VISION WEST COAST CRESCENT LH 1,820,000 1,604 1,135 HALLMARK RESIDENCES EWE BOON ROAD FH 2,816,520 1,485 1,896 HERITAGE VIEW DOVER RISE FH 1,370,000 1,206 1,136 CORONA VILLE JALAN HAJI ALIAS LH 1,725,000 1,518 1,137 FLYNN PARK YEW SIANG ROAD LH 2,408,888 2,196 1,097 TANGLIN REGENCY TANGLIN ROAD LH 998,000 710 1,405 WATERFRONT @ FABER FABER WALK LH 915,000 753 1,214 TANGLIN REGENCY TANGLIN ROAD FH 1,700,000 1,292 1,316 WATERFRONT @ FABER FABER WALK LH 900,000 753 1,194 THE ARC AT DRAYCOTT DRAYCOTT DRIVE LH 2,200,000 1,130 1,947 THE VISION WEST COAST CRESCENT LH 1,720,000 1,302 1,321 ST REGIS RESIDENCES SINGAPORE TANGLIN ROAD LH 7,800,000 3,897 2,002 THE TRILINQ JALAN LEMPENG LH 1,332,000 1,109 1,201 RV RESIDENCES RIVER VALLEY ROAD LH 2,260,000 1,270 1,779 SEAHILL WEST COAST CRESCENT FH 1,080,000 689 1,568 MELROSE PARK KELLOCK ROAD LH 2,588,000 1,701 1,522 VIVA VISTA SOUTH ROAD FH 730,000 388 1,884 TANGLIN REGENCY TANGLIN ROAD FH 1,715,000 1,292 1,328 WHITEHAVEN PASIR PANJANG ROAD LH 2,075,284 1,873 1,108 DOVER PARKVIEW DOVER RISE LH 1,000,000 936 1,068 District 11 WATERFRONT @ FABER FABER WALK LH 1,195,000 1,033 1,156 GLOUCESTER MANSIONS NEWTON ROAD FH 1,010,000 657 1,538 THE VISION WEST COAST CRESCENT LH 1,560,000 1,302 1,198 GILSTEAD TWO GILSTEAD ROAD FH 1,965,000 904 2,173 WEST BAY CONDOMINIUM WEST COAST CRESCENT FH 815,000 893 912 NEWTON 21 NEWTON ROAD FH 2,470,000 1,593 1,550 THE ORIENT PASIR PANJANG ROAD LH 771,260 388 1,990 SKY@ELEVEN THOMSON LANE FH 5,275,000 2,820 1,870 THE TRILINQ JALAN LEMPENG LH 823,000 538 1,529 NEWTON ONE NEWTON ROAD FH 4,500,000 2,411 1,866

32 HOMEBUYERS HOMEBUYERS 33 NON-LANDED PROPERTY NON-LANDED PROPERTY

Project Name Street Name Tenure Price ($) Floor Area Unit Price Project Name Street Name Tenure Price ($) Floor Area Unit Price (Sq ft) (Sq ft) (Sq ft) (Sq ft)

CUBE 8 THOMSON ROAD FH 2,000,000 1,335 1,498 ST PATRICK'S LOFT ST. PATRICK'S ROAD Freehold 1,288,000 1,066 1,209 SUITES @ SURREY SURREY ROAD FH 1,400,000 926 1,512 MARINE BLUE ROAD Freehold 1,890,900 1,044 1,811 PAVILION 11 AKYAB ROAD LH 1,610,000 958 1,681 MARINE BLUE MARINE PARADE ROAD LH 1,895,400 1,044 1,815 HILLCREST ARCADIA ARCADIA ROAD LH 2,000,000 1,970 1,015 PEBBLE BAY ROAD FH 3,650,000 2,626 1,390 THE ARCADIA ARCADIA ROAD FH 3,880,000 3,810 1,018 MARINE BLUE MARINE PARADE ROAD FH 1,175,400 635 1,851 MARINE BLUE MARINE PARADE ROAD FH 1,872,900 1,044 1,794 District 12 ONE DUSUN RESIDENCES JALAN DUSUN LH 658,000 452 1,455 District 16 EIGHT RIVERSUITES WHAMPOA EAST FH 1,258,000 936 1,343 LANDBAY CONDOMINIUM JALAN HAJIJAH LH 1,350,000 1,141 1,183 KALLANG RIVERSIDE FH 2,846,363 1,432 1,988 BEDOK COURT BEDOK SOUTH AVENUE 3 LH 1,700,000 2,411 705 THE VIRIDIAN JALAN AMPAS LH 1,192,050 883 1,351 EASTWOOD GREEN EASTWOOD ROAD LH 855,000 1,012 845 EIGHT RIVERSUITES WHAMPOA EAST FH 1,025,000 700 1,465 KEW GREEN KEW CRESCENT LH 1,858,888 2,928 635 THE VERVE JALAN RAJAH FH 800,000 614 1,304 THE GLADES BEDOK RISE LH 1,385,100 990 1,399 BIRCHWOOD MANSIONS JALAN AMPAS LH 1,380,000 1,259 1,096 CASA MERAH TANAH MERAH KECHIL AVENUE LH 1,780,000 1,528 1,165 RIVERBAY MAR THOMA ROAD FH 955,000 786 1,215 WATERFRONT KEY ROAD LH 990,000 829 1,194 REGENT RESIDENCES SERANGOON ROAD LH 1,120,000 818 1,369 ECO BEDOK SOUTH AVENUE 3 LH 754,224 614 1,229 EIGHT RIVERSUITES WHAMPOA EAST LH 1,255,000 936 1,340 ECO BEDOK SOUTH AVENUE 3 LH 813,000 614 1,325 EIGHT RIVERSUITES WHAMPOA EAST LH 1,165,000 840 1,388 OPTIMA @ TANAH MERAH TANAH MERAH KECHIL AVENUE LH 740,000 484 1,528 TREVISTA LORONG 3 LH 930,000 689 1,350 LAGUNA GREEN JALAN HAJIJAH LH 1,080,000 1,066 1,013 TREVISTA LORONG 3 TOA PAYOH FH 1,670,000 1,270 1,315 THE GLADES BEDOK RISE LH 1,050,000 700 1,501 THE CITRINE JALAN DATOH FH 1,240,000 1,141 1,087 ECO BEDOK SOUTH AVENUE 3 FH 844,000 635 1,329 EASTWOOD REGENCY EASTWOOD ROAD LH 595,000 409 1,455 District 13 ECO BEDOK SOUTH AVENUE 3 LH 828,000 635 1,304 EURO-ASIA PARK WOODLEIGH CLOSE LH 1,450,000 1,528 949 WATERFRONT GOLD BEDOK RESERVOIR ROAD LH 1,340,000 1,227 1,092 BARTLEY RIDGE MOUNT VERNON ROAD FH 1,883,500 1,550 1,215

R MAISON SOMMERVILLE WALK LH 748,000 581 1,287 District 17 NIN RESIDENCE PHENG GECK AVENUE FH 720,000 452 1,593 COASTAL BREEZE RESIDENCES LOYANG BESAR CLOSE FH 1,050,000 1,152 912 AVON PARK YOUNGBERG TERRACE LH 1,600,000 1,281 1,249 EDELWEISS PARK CONDOMINIUM FLORA ROAD LH 2,350,000 3,197 735 BARTLEY RIDGE MOUNT VERNON ROAD LH 1,860,200 1,550 1,200 HEDGES PARK CONDOMINIUM FLORA DRIVE FH 853,000 797 1,071 BARTLEY RIDGE MOUNT VERNON ROAD LH 1,838,100 1,550 1,186 EDELWEISS PARK CONDOMINIUM FLORA ROAD LH 800,000 829 965 THE VENUE RESIDENCES TAI THONG CRESCENT LH 1,232,250 840 1,468 LOYANG VALLEY LOYANG AVENUE FH 1,190,000 1,905 625 BARTLEY RIDGE MOUNT VERNON ROAD LH 1,691,900 1,561 1,084 CARISSA PARK CONDOMINIUM FLORA DRIVE FH 850,000 947 897 SANT RITZ PHENG GECK AVENUE FH 1,380,000 1,055 1,308 BALLOTA PARK CONDOMINIUM MARIAM WAY FH 920,000 1,281 718 18 WOODSVILLE WOODSVILLE CLOSE FH 2,489,000 1,572 1,584 THE GALE FLORA ROAD FH 1,080,000 1,044 1,034 R MAISON SOMMERVILLE WALK FH 801,780 581 1,379 FERRARIA PARK CONDOMINIUM FLORA DRIVE LH 1,160,000 1,356 855

COASTAL BREEZE RESIDENCES LOYANG BESAR CLOSE LH 1,030,000 1,152 894 District 14

BALMY COURT LORONG 27A GEYLANG LH 720,000 775 929 District 18 DAKOTA RESIDENCES DAKOTA CRESCENT FH 2,550,000 1,830 1,394 SAVANNAH CONDOPARK RISE LH 1,095,000 1,227 892 MERA EAST CHANGI ROAD FH 878,000 753 1,165 D'NEST GROVE LH 1,262,040 1,270 994 RESIDENCES 88 LORONG MARICAN FH 585,000 441 1,326 # 1 SUITES LORONG 20 GEYLANG FH 684,223 581 1,177 MELVILLE PARK SIMEI STREET 1 LH 1,070,000 1,475 726 RESIDENTIAL APARTMENTS CHANGI ROAD LH 1,000,000 1,076 929 VUE 8 RESIDENCE PASIR RIS HEIGHTS LH 965,000 1,044 924 ASTORIA PARK LORONG MYDIN FH 980,000 1,001 979 DOUBLE BAY RESIDENCES SIMEI STREET 4 LH 1,045,000 936 1,116 FUYUEN COURT LORONG 35 GEYLANG FH 948,000 1,206 786 WATERVIEW AVENUE 1 LH 870,000 786 1,107 CITY PLAZA FH 815,000 915 891 SEASTRAND PASIR RIS LINK LH 870,000 883 986 THE SUNNY SPRING LORONG 40 GEYLANG FH 1,108,888 1,109 1,000 COCO PALMS PASIR RIS GROVE LH 1,362,660 1,259 1,082 STARVILLE LENGKONG TIGA FH 1,220,000 1,238 986 THE TROPICA TAMPINES AVENUE 1 LH 828,000 990 836 THE LENOX CHANGI ROAD FH 600,000 334 1,798 COCO PALMS PASIR RIS GROVE LH 1,303,380 1,475 884 # 1 SUITES LORONG 20 GEYLANG FH 684,223 581 1,177 TAMPINES COURT TAMPINES STREET 11 LH 900,000 1,668 539 REZI 3TWO LORONG 32 GEYLANG LH 694,900 452 1,537 CHANGI RISE CONDOMINIUM SIMEI RISE LH 905,000 1,130 801 TRE RESIDENCES AVENUE 1 FH 908,600 678 1,340 COCO PALMS PASIR RIS GROVE LH 1,213,680 1,152 1,054 THE WATERINA LORONG 40 GEYLANG FH 1,628,000 1,356 1,200 THE SANTORINI TAMPINES STREET 86 LH 1,158,250 1,044 1,109 TREASURES@G6 LORONG 6 GEYLANG FH 571,200 420 1,361 THE SANTORINI TAMPINES STREET 86 LH 1,112,710 1,044 1,066 BLISS VILLE LORONG MELAYU FH 1,310,000 1,163 1,127 TROPICAL SPRING SIMEI STREET 4 LH 1,350,000 1,528 883 THE WATERINA LORONG 40 GEYLANG FH 1,230,000 1,130 1,088 CENTRAL MEADOWS LORONG 34 GEYLANG LH 950,000 969 981 District 19 THE TRUMPS JALAN KEMBANGAN LH 1,439,000 1,356 1,061 THE SCALA SERANGOON AVENUE 3 LH 1,900,000 1,711 1,110 LA FIESTA SQUARE LH 961,000 947 1,015 District 15 THE SCALA SERANGOON AVENUE 3 LH 1,230,000 829 1,484 RIVEREDGE SAMPAN PLACE FH 1,427,000 1,066 1,339 THE SPRINGBLOOM SERANGOON AVENUE 3 LH 1,325,000 1,302 1,017 TAIPAN GRAND MARINE PARADE ROAD FH 1,320,000 1,238 1,066 KOVAN MELODY KOVAN ROAD FH 1,435,000 1,313 1,093 FERNWOOD TOWERS FERNWOOD TERRACE FH 1,460,000 1,195 1,222 THE QUINN BARTLEY ROAD LH 798,016 592 1,348 ESPIRA SPRING LORONG G TELOK KURAU LH 960,000 893 1,075 THE FLORENTINE FLORENCE ROAD FH 1,000,000 958 1,044 MANDARIN GARDEN CONDOMINIUM SIGLAP ROAD FH 975,000 1,001 974 THE QUINN BARTLEY ROAD FH 1,069,746 786 1,361 THE AMBROSIA LORONG N TELOK KURAU LH 1,950,000 1,528 1,276 THE MORNING GLORY SIRAT ROAD FH 980,000 1,033 948 COTE D'AZUR MARINE PARADE ROAD FH 1,438,000 1,109 1,297 THE QUINN BARTLEY ROAD LH 706,000 517 1,366 TESSA LODGE MOUNTBATTEN ROAD Freehold 1,330,000 1,184 1,123 KOVAN MELODY KOVAN ROAD LH 1,120,000 904 1,239 OCEAN PARK EAST COAST ROAD Freehold 2,100,000 2,110 995 JEWEL @ BOW LH 903,000 775 1,165

34 HOMEBUYERS HOMEBUYERS 35 NON-LANDED PROPERTY NON-LANDED PROPERTY

Floor Area Unit Price Project Name Street Name Tenure Price ($) Project Name Street Name Tenure Price ($) Floor Area Unit Price (Sq ft) (Sq ft) (Sq ft) (Sq ft)

District 20 THE PANORAMA AVENUE 2 LH 1,244,320 1,012 1,230 THE SKYWOODS DAIRY FARM HEIGHTS LH 905,200 710 1,274 FAR HORIZON GARDENS ANG MO KIO AVENUE 9 LH 1,300,000 2,002 649 CASHEW HEIGHTS CONDOMINIUM CASHEW ROAD LH 1,508,000 1,647 916 CENTRO RESIDENCES ANG MO KIO AVENUE 8 LH 1,200,000 818 1,467 HILLION RESIDENCES JELEBU ROAD LH 702,720 463 1,518 THE GARDENS AT BISHAN WALK LH 1,200,000 1,152 1,042 THE SKYWOODS DAIRY FARM HEIGHTS LH 1,157,200 872 1,327 THOMSON THREE BRIGHT HILL DRIVE LH 1,400,000 1,044 1,341 PARKVIEW APARTMENTS STREET 25 LH 900,000 1,119 804 THE PANORAMA ANG MO KIO AVENUE 2 LH 1,339,096 1,109 1,208 THOMSON THREE BRIGHT HILL DRIVE LH 1,396,000 1,044 1,337 NORTHVALE LOOP LH 860,000 1,087 791 THE PANORAMA ANG MO KIO AVENUE 2 FH 900,768 678 1,328 HILLVIEW REGENCY BUKIT BATOK EAST AVENUE 2 LH 995,000 1,119 889 SIN MING PLAZA SIN MING ROAD LH 2,680,000 2,971 902 THE MADEIRA BUKIT BATOK STREET 31 LH 935,000 1,055 886 LAKEVIEW ESTATE ROAD LH 1,360,000 1,615 842 SKY VUE BISHAN STREET 15 LH 1,495,900 1,141 1,311 District 25 THE GARDENS AT BISHAN SIN MING WALK LH 1,160,000 1,152 1,007 ROSEWOOD SUITES ROSEWOOD DRIVE LH 1,188,888 1,539 772 SEASONS VIEW PEMIMPIN DRIVE LH 1,100,000 1,141 964 WOODHAVEN WOODGROVE AVENUE LH 666,000 624 1,067 THOMSON THREE BRIGHT HILL DRIVE LH 1,365,000 1,055 1,294 WOODGROVE CONDOMINIUM WOODGROVE DRIVE LH 1,438,000 2,056 699 THE PANORAMA ANG MO KIO AVENUE 2 LH 1,696,816 1,335 1,271 CASABLANCA ROSEWOOD DRIVE LH 818,000 926 884 THE PANORAMA ANG MO KIO AVENUE 2 LH 892,056 786 1,135 ROSEWOOD ROSEWOOD DRIVE LH 950,000 1,173 810 THE GARDENS AT BISHAN SIN MING WALK LH 1,100,000 1,152 955 THE PANORAMA ANG MO KIO AVENUE 2 FH 904,464 700 1,293 District 26 CASTLE GREEN ROAD LH 830,000 947 876 District 21 CASTLE GREEN YIO CHU KANG ROAD LH 820,000 947 866 ENG KONG GREEN ENG KONG CRESCENT FH 1,040,000 1,044 996 CASTLE GREEN YIO CHU KANG ROAD LH 800,000 947 845 MAPLEWOODS ROAD FH 1,869,000 1,335 1,400 CASTLE GREEN YIO CHU KANG ROAD FH 950,000 1,152 825 PARC PALAIS HUME AVENUE FH 1,468,000 1,485 988 MEADOWS @ PEIRCE UPPER THOMSON ROAD LH 1,300,000 1,195 1,088 SUMMERHILL HUME AVENUE LH 1,000,000 1,001 999 CAVENDISH PARK PINE GROVE FH 1,065,000 926 1,150 District 27 SIGNATURE PARK ROAD FH 1,130,000 1,033 1,094 THE MILTONIA RESIDENCES MILTONIA CLOSE LH 1,780,000 2,077 857 CLEMENTI PARK SUNSET WAY FH 2,040,000 1,873 1,089 SYMPHONY SUITES CLOSE LH 693,000 689 1,006 PARC PALAIS HUME AVENUE FH 875,000 969 903 NINE RESIDENCES YISHUN AVENUE 9 LH 849,000 700 1,213 SIGNATURE PARK TOH TUCK ROAD FH 1,115,000 1,033 1,079 CANBERRA RESIDENCES CANBERRA DRIVE LH 670,000 614 1,092 THE CREEK @ BUKIT TOH TUCK ROAD FH 857,458 474 1,810 THE ESTUARY YISHUN AVENUE 1 LH 1,400,000 1,528 916 SYMPHONY HEIGHTS HUME AVENUE LH 1,100,000 1,152 955 SKIES MILTONIA MILTONIA CLOSE LH 1,132,000 1,130 1,002 HIGH OAK CONDOMINIUM TOH TUCK ROAD FH 1,120,000 1,216 921 NINE RESIDENCES YISHUN AVENUE 9 LH 850,000 710 1,196 KILAT COURT LORONG KILAT FH 1,800,000 2,110 853 EIGHT COURTYARDS CANBERRA DRIVE LH 863,000 861 1,002 HUME PARK I HUME AVENUE FH 880,000 904 973 YISHUN EMERALD CANBERRA DRIVE LH 1,030,000 1,399 736 PARC PALAIS HUME AVENUE LH 1,050,000 990 1,060 EIGHT COURTYARDS CANBERRA DRIVE LH 860,000 861 999

ORCHID PARK CONDOMINIUM YISHUN STREET 81 LH 725,000 958 757 District 22 ORCHID PARK CONDOMINIUM YISHUN STREET 81 LH 712,000 893 797 THE CENTRIS CENTRAL 3 LH 1,080,000 936 1,153 EIGHT COURTYARDS CANBERRA DRIVE LH 900,000 990 909 THE CENTRIS 3 LH 1,100,000 1,270 866

PARC VISTA CORPORATION ROAD LH 982,888 1,055 932 CASPIAN LAKESIDE DRIVE LH 1,300,000 1,389 936 District 28 LAKEVILLE JURONG LAKE LINK LH 734,580 560 1,312 RIVERBANK @ FERNVALE FERNVALE CLOSE LH 939,000 1,012 928 THE LAKEFRONT RESIDENCES LAKESIDE DRIVE LH 1,580,000 1,216 1,299 RIVERTREES RESIDENCES FERNVALE CLOSE LH 1,262,040 1,270 994 LAKEVILLE JURONG LAKE LINK LH 940,500 635 1,481 RIVERBANK @ FERNVALE FERNVALE CLOSE LH 1,209,780 1,238 977 PARC OASIS AVENUE 1 LH 1,000,000 1,227 815 SELETAR SPRINGS CONDOMINIUM GERALD DRIVE LH 945,000 1,302 726 LAKEHOLMZ CORPORATION ROAD LH 1,050,000 1,249 841 RIVERBANK @ FERNVALE FERNVALE CLOSE LH 959,310 947 1,013 LAKEVILLE JURONG LAKE LINK LH 1,089,410 764 1,425 RIVERTREES RESIDENCES FERNVALE CLOSE LH 855,888 840 1,019 PARC VISTA CORPORATION ROAD LH 860,000 1,076 799 RIVERTREES RESIDENCES FERNVALE CLOSE LH 1,185,260 1,119 1,059 LAKEVILLE JURONG LAKE LINK LH 916,740 635 1,444 RIVERTREES RESIDENCES FERNVALE CLOSE LH 1,230,880 1,206 1,021 LAKEVILLE JURONG LAKE LINK LH 1,104,185 775 1,425 RIVERBANK @ FERNVALE FERNVALE CLOSE LH 890,000 947 940 THE LAKESHORE JURONG WEST STREET 41 LH 1,005,000 926 1,086 LAKEVILLE JURONG LAKE LINK LH 1,358,315 1,141 1,190 LAKEVILLE JURONG LAKE LINK LH 1,214,730 990 1,227 LAKEVILLE JURONG LAKE LINK LH 1,770,120 1,528 1,158

District 23 THE MADEIRA BUKIT BATOK STREET 31 FH 1,589,000 2,400 662 HILLVIEW PARK HILLVIEW AVENUE LH 870,000 764 1,138 FORESQUE RESIDENCES PETIR ROAD FH 1,552,604 2,045 759 HILLS TWOONE HILLVIEW TERRACE FH 1,049,000 797 1,317 THE PETALS HILLVIEW AVENUE LH 1,220,000 1,356 900 MERA WOODS HILLVIEW AVENUE LH 940,000 1,055 891 The property data is obtained from URA’s website; any use in any manner of any data is subject to the terms and conditions specified in URA’s webpage: THE TENNERY WOODLANDS ROAD LH 895,000 861 1,039 http: www.ura.gov.sg/realEstateWeb/pageflow/transaction/TransactionController.jpf. THE WARREN CHOA CHU KANG LOOP LH 1,068,000 1,259 848 The property data is published for general information only with URA’s consent, and the consent of SLA who owns the intellectual propety right to the underlying data. FORESQUE RESIDENCES PETIR ROAD LH 665,000 463 1,437 HILLINGTON GREEN HILLVIEW AVENUE LH 1,375,000 1,356 1,014 @Singapore Land Authority. All Rights Reserved. HILLVIEW REGENCY BUKIT BATOK EAST AVENUE 2 LH 930,000 1,130 823 All data is obtained from the Urban Redevelopment Authority's (URA) website. Due to space constraints, data published in Homebuyers magazine has been selected GUILIN VIEW BUKIT BATOK STREET 52 LH 1,360,880 1,701 800 on a random basis. For a list of complete data, please visit the URA website at www.ura.gov.sg.

36 HOMEBUYERS HOMEBUYERS 37 Rental Contracts of Private Residential Property LANDED PROPERTY Project Name Street Name Monthly Rent($) Floor Area (Sq ft)

(Dec 2014 – Jan 2015) District 14 TATIANA TERRACE JALAN PUNAI 5,200 2000 to 2500 LE REVE KAMPONG EUNOS 5,300 2000 to 2500 KIMNAN PARK LORONG KEMBANGAN 3,500 2000 to 2500 LANDED PROPERTY LANDED HOUSING DEVELOPMENT JALAN SENYUM 2,000 3000 to 3500

Project Name Street Name Monthly Rent($) Floor Area (Sq ft) District 15 DUNMAN GARDEN SWANAGE ROAD 4,200 1500 to 2000 ST PATRICK'S GROVE MARTIA ROAD 4,800 2500 to 3000 District 2 OPERA ESTATE DAFNE STREET 4,800 1500 to 2000 BLAIR PLAIN CONSERVATION AREA NEIL ROAD 10,000 4000 to 4500 LANDED HOUSING DEVELOPMENT BOURNEMOUTH ROAD 13,125 2500 to 3000 BLAIR PLAIN CONSERVATION AREA BLAIR ROAD 11,000 3500 to 4000 SIGLAP PARK WOO MON CHEW ROAD 3,500 1500 to 2000 LANDED HOUSING DEVELOPMENT BOSCOMBE ROAD 6,900 3000 to 3500 District 4

LANDED HOUSING DEVELOPMENT OCEAN DRIVE 27,000 5500 to 6000 District 16 PARADISE ISLAND PARADISE ISLAND 13,000 6500 to 7000 KEW GREEN KEW CRESCENT 5,000 2500 to 3000 LANDED HOUSING DEVELOPMENT OCEAN DRIVE 22,000 6000 to 6500 D'MANOR TANAH MERAH KECHIL AVENUE 5,700 2500 to 3000 LANDED HOUSING DEVELOPMENT BUKIT TERESA ROAD 6,000 3000 to 3500 KEW GREEN KEW CRESCENT 4,900 2500 to 3000 SUMMER GARDENS UPPER CHANGI ROAD EAST 4,800 2000 to 2500 District 5 MERA TERRACE SEAGULL WALK 4,100 2000 to 2500 LANDED HOUSING DEVELOPMENT PASIR PANJANG ROAD 6,750 2500 to 3000 LANDED HOUSING DEVELOPMENT SENNETT DRIVE 5,500 2000 to 2500 CHELSEA VILLAGE JAMBOL PLACE 9,700 3000 to 3500 EASTWOOD VILLE EASTWOOD TERRACE 6,000 2500 to 3000 SPRINGWOOD SPRINGWOOD WALK 3,800 1500 to 2000

WEST COAST GARDENS WEST COAST TERRACE 4,200 1500 to 2000 District 17 WEST COAST GARDENS WEST COAST RISE 15,300 5000 to 5500 TOH ESTATE TOH CRESCENT 6,000 2500 to 3000 LANDED HOUSING DEVELOPMENT JUBILEE ROAD 7,500 3000 to 3500 CHANGI HEIGHTS JALAN SINAR BULAN 4,200 2000 to 2500 LOYANG VILLAS LOYANG RISE 4,350 2000 to 2500 District 7 CHANGI GROVE JALAN MARIAM 5,000 2000 to 2500 CONSERVATION AREA HAJI LANE 11,000 1000 to 1500 AVILA TERRACE MARIAM WAY 3,400 2000 to 2500

CHANGI HEIGHTS JALAN SINAR BULAN 5,000 2000 to 2500 District 8

DESKER ROAD CONSERVATION AREA SAM LEONG ROAD 8,000 2500 to 3000 District 18 LANDED HOUSING DEVELOPMENT RANGOON LANE 9,800 3500 to 4000 PASIR RIS BEACH PARK PASIR RIS AVENUE 4,500 2000 to 2500 LITTLE INDIA CONSERVATION AREA VEERASAMY ROAD 8,500 2500 to 3000 PASIR RIS BEACH PARK PASIR RIS ROAD 12,000 4000 to 4500 RACE COURSE RD/OWEN RD RACE COURSE ROAD 5,000 2000 to 2500 District 19 District 9 LA QUINTA PARK CHUAN WALK 4,300 2000 to 2500 LANDED HOUSING DEVELOPMENT SOPHIA ROAD 6,250 1000 to 1500 CHUAN VILLAS CHUAN CLOSE 7,000 2000 to 2500 LANDED HOUSING DEVELOPMENT JALAN ELOK 5,600 1000 to 1500 SERANGOON GARDEN ESTATE CONISTON GROVE 3,000 1000 to 1500 LANDED HOUSING DEVELOPMENT KILLINEY ROAD 7,500 1500 to 2000 LANDED HOUSING DEVELOPMENT BRIGHT HILL CRESCENT 5,300 2000 to 2500 LANDED HOUSING DEVELOPMENT KIM YAM ROAD 7,500 2000 to 2500 District 20 District 10 WESTLAKE GARDENS WESTLAKE AVENUE 4,250 2000 to 2500 MING TECK PARK MING TECK PARK 4,700 1500 to 2000 SOO CHOW GARDEN SOO CHOW RISE 3,800 1500 to 2000 THE TENERIFFE LAUREL WOOD AVENUE 8,500 3000 to 3500 HORIZON GREEN ANG MO KIO AVENUE 2 5,300 3000 to 3500 DRAGON VIEW PARK JALAN MUTIARA 6,700 1500 to 2000 NEW SOO CHOW GARDENS SOO CHOW WAY 4,000 1500 to 2000 LANDED HOUSING DEVELOPMENT QUEEN ASTRID PARK 21,000 3500 to 4000 HORIZON GREEN ANG MO KIO AVENUE 2 5,100 3000 to 3500 HENRY PARK HOLLAND GROVE ROAD 7,000 3000 to 3500 ELEVEN @ HOLLAND HOLLAND LINK 7,000 3000 to 3500 District 21 CLEMENTI PARK SUNSET WAY 7,800 2000 to 2500 District 11 BINJAI CREST JALAN KAMPONG CHANTEK 6,100 2500 to 3000 HILLCREST VILLA HILLCREST ROAD 11,150 3000 to 3500 THE MONDRIAN HINDHEDE PLACE 6,800 2000 to 2500 THE GREENWOOD GREENWOOD AVENUE 9,800 3000 to 3500 GREENRIDGE GREENRIDGE CRESCENT 4,850 2000 to 2500 LANDED HOUSING DEVELOPMENT MOULMEIN ROAD 33,000 6000 to 6500 HOCK SENG PARK JALAN JAMBU AYER 5,000 1500 to 2000 HILLCREST PARK HILLCREST ROAD 10,000 2500 to 3000 CHANCERY GROVE CHANCERY LANE 7,200 1500 to 2000 District 22 LANDED HOUSING DEVELOPMENT JALAN MERLIMAU 13,000 2000 to 2500 WESTVILLE WESTWOOD WALK 4,600 2000 to 2500 WATTEN ESTATE SHELFORD ROAD 14,000 3500 to 4000 LAKESIDE GROVE CORPORATION RISE 5,200 2000 to 2500 LANDED HOUSING DEVELOPMENT WATTEN CLOSE 10,000 4500 to 5000 YUNNAN GARDENS YUNNAN CRESCENT 7,500 2500 to 3000 PAVILION GROVE PAVILION PLACE 5,000 2500 to 3000 District 12 TOWNER VILLE MCNAIR ROAD 6,000 1500 to 2000 District 23 LANDED HOUSING DEVELOPMENT MARTABAN ROAD 11,000 2000 to 2500 LANDED HOUSING DEVELOPMENT CHU YEN STREET 7,100 2000 to 2500 TOWNER VILLE MCNAIR ROAD 7,200 2000 to 2500 CHESTNUT GARDENS CHESTNUT GARDENS 5,000 2500 to 3000 TOWNER VILLE MCNAIR ROAD 6,800 2000 to 2500 LANDED HOUSING DEVELOPMENT GALISTAN AVENUE 14,000 4500 to 5000 LANDED HOUSING DEVELOPMENT GALISTAN AVENUE 6,000 2000 to 2500 District 13 MEDALLION BRADDELL ROAD 8,000 3500 to 4000 District 25 DAISY PARK SOMMERVILLE ROAD 8,500 2500 to 3000 LANDED HOUSING DEVELOPMENT BEECHWOOD GROVE 10,700 5500 to 6000 SENNETT ESTATE MACPHERSON ROAD 3,000 1500 to 2000 CENTURY WOODS WOODGROVE WALK 5,000 2500 to 3000 MACPHERSON GARDEN ESTATE JALAN MULIA 4,000 <= 1000 WOODGROVE ESTATE CEDARWOOD GROVE 9,000 2500 to 3000 LANDED HOUSING DEVELOPMENT JALAN LATEH 5,000 2500 to 3000 WOODGROVE ESTATE CEDARWOOD GROVE 7,500 2500 to 3000 SENNETT ESTATE BUTTERFLY AVENUE 7,200 3000 to 3500 CENTURY WOODS WOODGROVE VIEW 4,800 2000 to 2500

38 HOMEBUYERS HOMEBUYERS 39 LANDED PROPERTY NON-LANDED PROPERTY Project Name Street Name Monthly Rent($) Floor Area (Sq ft) Project Name Street Name Monthly Rent($) Floor Area (Sq ft)

District 26 District 9 THE COUNTRYSIDE COUNTRYSIDE ROAD 4,200 2000 to 2500 CAIRNHILL CREST CAIRNHILL CIRCLE 9,000 2200 to 2300 MANDAI GARDEN MENG SUAN ROAD 2,500 1500 to 2000 MARTIN PLACE RESIDENCES MARTIN PLACE 5,600 1000 to 1100 POETS VILLAS TAGORE AVENUE 5,000 3000 to 3500 THE MORNINGSIDE JALAN KUALA 5,800 1600 to 1700 DALLA VALE SPRINGLEAF AVENUE 6,163 3000 to 3500 THE IMPERIAL JALAN RUMBIA 5,500 800 to 900

District 27 District 10 LANDED HOUSING DEVELOPMENT SEMBAWANG ROAD 5,500 2000 to 2500 VERDURE HOLLAND ROAD 5,300 1400 to 1500 SEMBAWANG STRAITS ESTATE JALAN MACHANG 2,900 1000 to 1500 D'LEEDON LEEDON HEIGHTS 6,000 1700 to 1800 SEMBAWANG PARK JALAN LENGKOK SEMBAWANG 3,700 1000 to 1500 GRANGE RESIDENCES GRANGE ROAD 14,000 2600 to 2700 SEMBAWANG STRAITS ESTATE JALAN MACHANG 2,800 1000 to 1500 ST MARTIN'S ST. MARTIN'S DRIVE 3,400 800 to 900 MILL POINT ZION CLOSE 4,100 800 to 900 District 28 SUNRISE TERRACE SUNRISE TERRACE 6,000 2500 to 3000 District 11 SUNRISE VILLA SUNRISE CLOSE 4,700 1500 to 2000 ROSEVALE LINCOLN ROAD 4,800 1200 to 1300 SUMMER VILLAS GERALD DRIVE 5,800 3000 to 3500 NEWTON SUITES NEWTON ROAD 4,250 600 to 700 LUXUS HILLS LUXUS HILL AVENUE 5,000 2000 to 2500 STRATA ESSEX ROAD 4,400 800 to 900 RESIDENCES @ EVELYN EVELYN ROAD 5,400 900 to 1000 1 MOULMEIN RISE MOULMEIN RISE 4,900 1100 to 1200

District 12 NON-LANDED PROPERTY AIRSTREAM ST. MICHAEL'S ROAD 2,500 600 to 700 THE MARQUE @ IRRAWADDY SHAN ROAD 3,400 900 to 1000 Project Name Street Name Monthly Rent($) Floor Area (Sq ft) THE INTERWEAVE KIM KEAT ROAD 3,300 600 to 700 THE CENTRIO IRRAWADDY ROAD 4,000 1200 to 1300 District 1 THE RIVERSIDE PIAZZA KENG CHEOW STREET 2,900 1000 to 1100 District 13 MARINA BAY RESIDENCES MARINA BOULEVARD 6,800 1100 to 1200 NIN RESIDENCE PHENG GECK AVENUE 2,700 800 to 900 THE SAIL @ MARINA BAY MARINA BOULEVARD 5,400 800 to 900 NON-LANDED HOUSING DEVELOPMENT MACPHERSON ROAD 3,200 800 to 900 THE RIVERWALK UPPER CIRCULAR ROAD 5,000 1400 to 1500 8@WOODLEIGH WOODLEIGH CLOSE 2,400 300 to 400 NON-LANDED HOUSING DEVELOPMENT MACPHERSON ROAD 3,200 800 to 900 District 2 8@WOODLEIGH WOODLEIGH CLOSE 3,800 1000 to 1100 ALTEZ ENGGOR STREET 3,000 500 to 600 NIN RESIDENCE PHENG GECK AVENUE 3,500 800 to 900 ICON GOPENG STREET 3,400 500 to 600 ICON GOPENG STREET 3,300 500 to 600 District 14 76 SHENTON SHENTON WAY 3,100 500 to 600 SUITES @ SIMS 2,600 500 to 600 ALTEZ ENGGOR STREET 7,343 1300 to 1400 THE SUNNY SPRING LORONG 40 GEYLANG 3,400 1100 to 1200 THE HELICONIA JALAN DAUD 3,000 1200 to 1300 District 3 SMART SUITES SIMS AVENUE 3,200 900 to 1000 QUEENS STIRLING ROAD 3,800 900 to 1000 THE WATER EDGE LORONG 38 GEYLANG 2,300 300 to 400 THE REGENCY AT TIONG BAHRU CHAY YAN STREET 4,000 900 to 1000 CASA AERATA LORONG 26 GEYLANG 1,800 300 to 400 CENTRAL GREEN CONDO JALAN MEMBINA 3,800 900 to 1000 THE METROPOLITAN CONDO ALEXANDRA VIEW 4,550 1000 to 1100 District 15 LANDMARK TOWERS CHIN SWEE ROAD 4,200 1100 to 1200 THE SOUND EAST COAST ROAD 10,000 1400 to 1500 PARADISE PALMS DUNMAN ROAD 2,850 900 to 1000 District 4 THE BALE LORONG H TELOK KURAU 3,800 1000 to 1100 REFLECTIONS AT KEPPEL BAY KEPPEL BAY VIEW 8,000 1500 to 1600 SPRINGVALE EAST COAST ROAD 2,500 1100 to 1200 THE OCEANFRONT @ SENTOSA COVE OCEAN DRIVE 13,000 >3000 COSTA RHU RHU CROSS 6,000 2000 to 2100 THE OCEANFRONT @ SENTOSA COVE OCEAN DRIVE 6,500 1700 to 1800 CARIBBEAN AT KEPPEL BAY KEPPEL BAY DRIVE 9,000 2200 to 2300 District 16 EASTWOOD REGENCY EASTWOOD ROAD 2,000 400 to 500 District 5 EAST MEADOWS TANAH MERAH KECHIL ROAD 3,600 1100 to 1200 NORMANTON PARK NORMANTON PARK 3,200 1100 to 1200 SUNHAVEN UPPER CHANGI ROAD EAST 3,500 1100 to 1200 HUNDRED TREES WEST COAST DRIVE 3,100 700 to 800 THE BAYSHORE BAYSHORE ROAD 2,700 900 to 1000 THE INFINITI WEST COAST PARK 4,300 1300 to 1400 THE TROPIC GARDENS UPPER EAST COAST ROAD 2,350 1200 to 1300 WEST BAY CONDO WEST COAST CRESCENT 2,900 900 to 1000 UBER 388 UPPER EAST COAST ROAD 4,000 1300 to 1400

District 6 District 17 HIGH STREET CENTRE 3,200 600 to 700 EDELWEISS PARK CONDO FLORA ROAD 2,500 800 to 900 DAHLIA PARK CONDO FLORA DRIVE 2,900 1200 to 1300 District 7 BALLOTA PARK CONDO MARIAM WAY 2,600 1000 to 1100 CONCOURSE SKYLINE BEACH ROAD 5,200 1100 to 1200 THE GALE FLORA ROAD 3,800 1600 to 1700 HERITAGE PLACE TAN QUEE LAN STREET 6,000 1500 to 1600 BURLINGTON SQUARE BENCOOLEN STREET 3,000 700 to 800 District 18 MELVILLE PARK SIMEI STREET 1 3,000 1300 to 1400 District 8 EASTPOINT GREEN SIMEI STREET 3 2,600 900 to 1000 CITYLIGHTS JELLICOE ROAD 4,500 800 to 900 SEASTRAND PASIR RIS LINK 2,200 500 to 600 SOHO 188 RACE COURSE ROAD 2,200 400 to 500 RIS GRANDEUR ELIAS ROAD 3,200 1100 to 1200 CITY SQUARE RESIDENCES KITCHENER LINK 4,000 800 to 900 OASIS @ ELIAS ELIAS ROAD 2,900 900 to 1000 CAVAN SUITES CAVAN ROAD 2,650 400 to 500 EASTPOINT GREEN SIMEI STREET 3 2,700 900 to 1000

40 HOMEBUYERS HOMEBUYERS 41 NON-LANDED PROPERTY Project Name Street Name Monthly Rent($) Floor Area (Sq ft)

District 19 THE MINTON STREET 11 4,200 1900 to 2000 THE CHUAN 4,500 1200 to 1300 CHUAN PARK LORONG CHUAN 3,200 1500 to 1600 CASA CAMBIO LIM TUA TOW ROAD 2,200 400 to 500 THE VUE UPPER PAYA LEBAR ROAD 2,050 400 to 500 FIORENZA FLORENCE ROAD 2,700 800 to 900

District 20 THOMSON V TWO SIN MING ROAD 2,000 300 to 400 Muse West End CLOVER BY THE PARK BISHAN STREET 25 4,400 1200 to 1300 THE GARDENS AT BISHAN SIN MING WALK 3,750 1500 to 1600 TRESALVEO MARYMOUNT TERRACE 3,600 900 to 1000 your opportunity to invest in a new world city.

District 21 SPRINGDALE CONDO HINDHEDE WALK 2,600 1100 to 1200 THE CASCADIA 3,900 1200 to 1300 SIGNATURE PARK TOH TUCK ROAD 2,800 1400 to 1500 HIGHGATE TOH TUCK ROAD 2,800 1400 to 1500 THE STERLING BUKIT TIMAH ROAD 3,400 1200 to 1300 THE NEXUS BUKIT TIMAH ROAD 3,800 800 to 900

District 22 THE MAYFAIR JURONG EAST STREET 32 2,450 600 to 700 PARC OASIS JURONG EAST AVENUE 1 3,400 1200 to 1300 THE LAKEFRONT RESIDENCES LAKESIDE DRIVE 2,700 400 to 500 IVORY HEIGHTS JURONG EAST STREET 13 3,200 1400 to 1500 THE LAKEFRONT RESIDENCES LAKESIDE DRIVE 3,800 1200 to 1300

District 23 HILLVIEW HEIGHTS HILLVIEW AVENUE 2,100 700 to 800 FORESQUE RESIDENCES PETIR ROAD 2,000 400 to 500 NORTHVALE CHOA CHU KANG LOOP 3,000 1200 to 1300 PALM GARDENS HONG SAN WALK 2,700 1200 to 1300 REGENT HEIGHTS BUKIT BATOK EAST AVENUE 5 3,150 1100 to 1200 THE LANAI HILLVIEW AVENUE 2,600 900 to 1000

District 25 PARC ROSEWOOD ROSEWOOD DRIVE 1,700 400 to 500 PARC ROSEWOOD ROSEWOOD DRIVE 1,700 400 to 500 ROSEWOOD ROSEWOOD DRIVE 3,000 1100 to 1200 PARC ROSEWOOD ROSEWOOD DRIVE 1,800 500 to 600

District 26 BULLION PARK LENTOR LOOP 2,400 700 to 800 MEADOWS @ PEIRCE UPPER THOMSON ROAD 2,480 600 to 700 FOREST HILLS CONDO TRANSIT ROAD 3,000 1100 to 1200 CASTLE GREEN YIO CHU KANG ROAD 3,500 1300 to 1400

District 27 EIGHT COURTYARDS CANBERRA DRIVE 2,300 800 to 900 THE ESTUARY YISHUN AVENUE 1 3,000 1300 to 1400 THE ESTUARY YISHUN AVENUE 1 2,000 600 to 700 SUN PLAZA SEMBAWANG DRIVE 2,800 1300 to 1400 Brisbane based developer Stockwell has recently released their sixth residential development in Brisbane; Muse West End. A mid-rise District 28 apartment complex is located in the idyllic leafy suburb of West End, an SUNRISE GARDENS SUNRISE AVENUE 3,800 1600 to 1700 SELETAR SPRINGS CONDO GERALD DRIVE 3,300 1300 to 1400 area that is framed by the Brisbane River, less than 3km from the Brisbane THE GREENWICH SELETAR ROAD 2,000 600 to 700 Central Business District (CBD). THE GREENWICH SELETAR ROAD 3,000 1000 to 1100 Located on the eastern seaboard of Australia in the State of Queensland, Elevated above a range of small coee bars, food outlets and stores with Brisbane enjoys close proximity to Asia via regular ights direct from an urban landscaped private garden, Muse will comprise 132 spacious Brisbane International Airport to Hong Kong and Singapore. The property data is obtained from URA’s website; any use in any manner of any data is subject to the terms and conditions specified in URA’s webpage: http: www.ura.gov.sg/realEstateWeb/pageflow/transaction/TransactionController.jpf. one and two bedroom apartments over two buildings. The development is surrounded by a vast array of amenities such as tness centres, cafes, People are drawn to Brisbane for its sub-tropical climate, fresh air and The property data is published for general information only with URA’s consent, and the consent of SLA who owns the intellectual propety right to the underlying data. restaurants and transport options including buses and ferries that go ease of work-life balance. Brisbane has a positive economic status, quality @Singapore Land Authority. All Rights Reserved. direct to the CBD, universities, museums and the popular South Bank education facilities, such as Brisbane State High School and The University All data is obtained from the Urban Redevelopment Authority's (URA) website. Due to space constraints, data published in Homebuyers magazine has been selected precinct – all in less than 10 minutes. Muse will be a highly sought after of Queensland (UQ) - one of the top 100 universities worldwide*, and on a random basis. For a list of complete data, please visit the URA website at www.ura.gov.sg. address for professionals and students looking for a convenient and world class events, art exhibitions at and international conferences such modern lifestyle. as the G20. 42 HOMEBUYERS

WINDSOR Bold, bright and inspired by its culturally eclectic locale, Luma will be an exhilarating living experience.

During weekends and public holidays many residents also take the focus of the Brisbane City Council and Queensland. Located less than 1km opportunity to venture out of the city to relax and enjoy a vast array of the from Muse, the precinct will include approximately one kilometre of river natural wonders such as the Gold Coast or Sunshine Coast, mountainous frontage and more than 25 hectares of land to facilitate the renewal of the nature walks, exquisite gardens, vineyards and ocean adventures, of which land that adjoins West End and South Brisbane. all are under two hour’s drive from the city. It will be designed to optimise the commercial potential of the area and Brisbane is one of the fastest-growing capital cities in Australia in provide development certainty while delivering signicant community terms of population and employment. Residents are young and skilled, infrastructure and amenities, the proposed plan includes a mix of highly educated and culturally-diverse. Nearly 70 per cent of Brisbane’s high-quality commercial, retail and residential development along with population is of working age (15 to 64 years) - higher than the Australian signicant new public spaces and enhanced streets. average and equal to over 1.4 million people. The Greater Brisbane population has grown rapidly over the past decade, averaging 2.2 per Stockwell has over 60 years experience in the industry. In 2002 the Brisbane cent annually, which has seen an additional 440,000 residents move to the owned and operated company developed the rst residential apartment city from both interstate and overseas, bringing the population to over complex in West End. Since then, Stockwell have added to that portfolio

2.1 million people. A quarter of Brisbane residents were born overseas with three residential developments in West End and one in Dutton Park – Luma planning permit No. 548/2013 and more than 17 per cent of households speak a language other than all of which are managed by Stockwell Property Management. EVERYTHING YOU NEED The distinctive exterior designed by renowned Australian Artist Matthew Johnson will English at home. The region is set to continue to be one of Australia’s provide an artistic edge to this boutique development – a façade that glistens in the sun fastest-growing, with the Queensland Government forecasting Brisbane’s Muse oers an opportunity to invest with a reliable developer that has a When everything you need is close by, life is vivid and effortless at Luma. From Luma it's a during the day and glows through the night. short walk to Chapel Street or Prahran Railway Station, with the CBD just 4kms away population to grow to nearly 3 million by 2031. history of producing quality residential developments in Brisbane. on trams that run past your front door. LIVING SPACES

Luma’s position provides convenient access to the prestigious Wesley College, Their thoughtfully considered design is reflected in everything from clever use of space to There are exciting plans to continue the development of this vibrant city Marketed by AUSWELL GROUP SINGAPORE. For enquires everyday luxury featuring premium fittings including stone benchtops, integrated appliances Universities and the highly respected Alfred Hospital. It is also located within walking and a contemporary black and white colour scheme. into a new world city for the future. A new entertainment and recreational please contact +65 62350854 / [email protected] distance to Albert Park Lake, the home of the F1 Australian Grand Prix. hub in West End, titled the Kurilpa Riverfront Renewal project, is a primary Apartment living will also extends to an exclusive resident rooftop garden featuring decking, Windsor has become the destination of choice for dining and fashion. It's a neighbourhood lounges, a fire pit and a table tennis and barbeque area, and an indoor lounge and dining area. full of life and colour. LUMA is bought to you by Cutting Edge Developments. Established in 1995, Cutting Edge PLAY OF LIGHT Developments have a track record of delivering to the highest standards, providing Luma will consist of 91 one, two and three bedroom apartments and will provide an Melbourne’s growing population with quality apartment style living. elegant expression of its residents and the culturally eclectic locale of Windsor. Prices start from just $404,100 for a 1 bedroom, 1 bathroom apartment with a car space. Award winning architects Jackson, Clements Burrows have conceived this iconic building that brings together architecture, lighting design and outdoor spaces to redefine 21st Marketed by AUSWELL GROUP SINGAPORE. For enquires please contact +65 62350854 century living. / [email protected] All images are indicative only. See agent for the full disclosure. Auswell Group (Singapore ) Pte Ltd *As measured through a number of major independent university rankings including the Academic Hotline: +65 6235 0854 Ranking of World Universities, Times Higher Education World University Rankings and QS World www.auswellgroup.com.au Auswell Group (Singapore) Pte Ltd University Rankings. 541 , #11-04 Liat Tower, Singapore 238881 Hotline: +65 6235 0854 | www.auswellgroup.com.au Sources: Brisbane Marketing www.brisbanemarketing.com.au and http://www.brisbane.qld.gov.au/ Estate Agency Lic No. L3010629F 541 Orchard Road, #11-04 Liat Tower, Singapore 238881 Estate Agency Lic No. L3010629F Beijing

Shanghai Auswell Group International is a Melbourne based real estate organization with extensive network and multiple working partners throughout the region with offices in Beijing, Guangzhou, Shanghai and Singapore. Together with their strategic partners alliance they are well represented in the Asia Pacific Region. Your Gateway to Australian Properties Auswell houses a one-stop service platform that delivers ✔ Leasing ✔ Exit Strategy for future re-sale Guangzhou ✔ Marketing ✔ And a panel of working partners for ✔ Property Management • Financial & Mortgage services ✔ Property Developement • Conveying & legal services

Auswell Singapore, located at the heart of Orchard Road, is an important step towards marketing Australia’s latest properties. With real time local knowledge to benefit customers , investors are able to make better informed decisions. The newly set up office also opens its services to Singapore real estate agencies and agents to leverage on Auswell (Australia) wide variety of listings across three major cities of Australia’s Eastern seaboard. Auswell Singapore is engaging Asia buying interest in a big way as the demand is growing profoundly .

Mr Philip Tan, Chief Business Development Officer of Auswell Group International says: “The business Singapore of looking after your overseas investment is a serious aair. Auswell work ow includes managing clients’ reservations, backend follow up, contract paperwork support and administration. We have the local knowledge on the working procedures of managing your sales and rental. This is well received with investors and rst time overseas home buyers. It truly simplify their investment process and concerns.”

Mr Tan who holds a full Estate Agent Licence and resides in Australia feels that “A broader plus point is knowing and understanding that Auswell works very closely with many reputable Australian developers that deliver on their promises as well as quality. Our fast growth today is built on inclusive partnership, professionalism and balancing the interest of developers and our valued customers. Agencies across Singapore, Malaysia, China, Cambodia and Indonesia choose to work with Auswell Group as they know that we qualify and exercise due diligence on the projects we take on to market.“

Last year the company bagged two awards for the “Biggest Growth Year to Year“ and “Project Champion” by Colliers International.

Auswell Group Singapore will have available premium “off the plan” property choices - apartment, townhouse, House & Land, commercial offices and etc.

For more information, visit www.auswellgroup.com.au or call +65 6235 0854.

Melbourne (HQ) Auswell Group (Singapore) Pte Ltd Hotline: +65 6235 0854 | www.auswellgroup.com.au 541 Orchard Road, #11-04 Liat Tower, Singapore 238881 Estate Agency Lic No. L3010629F

PROPERTY SHOWCASE INTERNATIONAL

BRIDGING POSSIBILITIES IN PHNOM PENH The Bridge To Living Out Your Dream Lifestyle

Within the magnificent structure, the pristine facade of The Bridge will comprise of two outstanding and impressive towers interlinked by skybridges for an unparalleled view. The Bridge is 45 storeys high, comprising of commercial and residential spaces that provide attractive lifestyle options to residents.

For enquiries on The Bridge, please contact Ms Mary Tan (R007295A) of Huttons Asia Pte Ltd (L3008899K) The Bridge is a pioneer mixed development that epitomises Mobile No: +65-9008 8001 a seamless lifestyle at the heart of Phnom Penh, Cambodia. The first SOHO Email: [email protected] concept in the cosmopolitan city, the elegantly designed integrated Five levels of retail space will include shophouses with a varied selection of shopping, condominium provides premium luxurious facilities to residents optimizing Developer: Oxley International Holdings Pte Ltd entertaining and dining options. Stellar apartments, consisting of 1, 2+study and 3 (Singapore) & Cambodia’s Worldbridge Land Co. Ltd. living, working and playing within one flawless development. bedrooms units, as well as penthouses and SOHO (Small Office Home Office) units Location: Village No. 14, National Assembly Street, will be available to allow for a quality and ideal lifestyle of live, work and play. Tonle Bassac Commune, Chamkarmorn District, Phnom Located near Phnom Penh’s biggest shopping mall (AEON from Japan), The Penh City, Kingdom of Cambodia Bridge provides a plethora of popular dining choices at the tourist hotspot No. of storeys: 45 Lifestyle facilities will include a Swimming Pool, Gymnasium, Children’s Playground, situated near the Central Business District (CBD) of Phnom Penh. Property Type: Commerical/Residential/SOHO Function Hall and a Landscape Skydeck on the 13th Storey, whilst roundtheclock Tenure: Freehold security and a secure carpark will also be ensured for the maximum comfort of Planned and Expected date of TOP: 2018 residents of The Bridge. ■

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Another new hub of connectivity for integrated transportation is the upcoming Penang Sentral by Penang Sentral Sdn. Bhd. which is owned by Malaysian Resources Corporation Berhad (MRCB) and Pelaburan Hartanah PENANG Berhad (PHB). It is a mixed development comprising retail, commercial and residential covering an area of approximately 557,000 square meters. Penang Sentral is located at Butterworth ferry terminal and is expected to RESEARCH REPORT Q1 2015 cater 200,000 passengers daily. REAL ESTATE MARKET By Henry Butcher Malaysia Sdn Bhd

PENANG PROPERTY MARKET OUTLOOK retire in, the island to explore before you die, and many more. On 3 Jan 2014, theguardian.com, a BRITISH news portal, has listed George Town as no. 8, on 2015…. CAUTIOUS OPTIMISM its list of Top 40 global destinations along with Cape Town in South Africa, The RM4.5 Billion 2nd Penang Bridge has made its mark in the Penang’s Uzes in France, Austin in Texas, Kolkata in India and Alberta in Canada. The landscape with its opening on 2 March 2014. It is 24km in length and the Introduction latest honor in September 2014 came from Forbes which has listed Penang’s longest bridge in Southeast Asia. It is an alternative route linking Penang Penang consists of and the mainland (Seberang ) with George Town as the Top No. 3 city to retire in the world. Island to the mainland and will boost the socio-economic development and a combined total area of 258,750 acres. Penang is strategically located in growth in the Northern Corridor Economic Region (NCER). the centre of the Growth Triangle of Indonesia-Malaysia-Thailand (IMT-GT). IMT-GT currently consists of 14 provinces in Southern Thailand, 8 states of Chart 1 The signing ceremony between Penang Development Corporation (PDC), Peninsular Malaysia and 10 provinces in the island of Sumatra in Indonesia. Aspen Group and Ikano, famed for its IKEA store - the world’s leading retailer The IMT-GT sub-region is a classic growth triangle, characterized by many and furnishing company, in September 2014 saw the sale of 245 acres of land economic complementarities, geographical proximity and close historical, for development comprising the IKEA store, the first in the northern region, cultural and linguistic ties, thus making Penang the key logistic hub for good a state of the Art Regional Centre and an integrated mixed development in communication and infrastructure. This has further boosted the tourism and PDC’s Bandar Cassia township. The purchase price was recorded at RM45 per real estate industry in Penang. square foot.

Penang is the 2nd smallest state in Malaysia and the 2nd most urbanised state Aspen Group recently saw a successful launch of the Aspen Vision City, Verve with a population of about 1.7 Million. George Town was the first town in the at comprising 451 units of 3-storey and 4-storey shophouses Another new hub of connectivity for integrated transportation is the country to achieve city status when Queen Elizabeth II conferred the status in priced from RM1.2 Million. upcoming Penang Sentral by Penang Sentral Sdn. Bhd. which is owned by 1957. On 2nd February 2015, the Penang State Government announced that Malaysian Resources Corporation Berhad (MRCB) and Pelaburan Hartanah Penang Municipal Council (MPPP) has been upgraded to Penang Island City Other upcoming developments in Batu Kawan are as follows :- Berhad (PHB). It is a mixed development comprising retail, commercial Council (MBPP).  Premium Shopping Outlets Project by PE Land targeted to open in 2016 and residential covering an area of approximately 557,000 square meters.  PKT Logistics’ One Auto Hub with ALC College/University of Hull franchised Penang Sentral is located at Butterworth ferry terminal and is expected to programme; expected to begin by 2017 cater 200,000 passengers daily.  KDU’s parent company Paramount Corporation to construct a new Source : Dept. of Statistics Malaysia / Penang Institute university college and expected to open by 2017 The New Housing Policy  Penang International Technology Park Penang State Government has implemented a new housing rule with effect Other awards for Penang in 2014 include Penang as the top food destination  Hospital & Wellness Centre from 1 February 2014 to ensure that genuine qualified first time buyers will by Lonely Planet, the largest world travel guide book publisher. Online  International Theme Park & Golf Resorts have roofs over their head with the following policies which took effect on American Media Huffington Post also included Penang’s char koay teow as  Development of Workers Villages a must-try local delicacy in its article. The Time magazine quoted George 1 March 2014: Town as one of the world’s top 10 most “selfiest” city while George Town ranked No. 3 in the Top 10 Best Places to Retire Overseas by U.S. News. A Low-Cost / Low-Medium-Cost locally manufactured “MyKuali Penang White Curry Noodle” stole the limelight All low-cost (up to RM42,000) and low-medium-cost (up to RM72,500) homes as the champion of “2014 Top Ten Instant Noodles of All Time”. cannot be sold within 10 years from the date of Sale & Purchase Agreement. This covers past and future purchases. Those who wish to sell can appeal It was forecasted by the Tourism and Culture Ministry that Penang will receive to the State Government and can only be sold to “registered and qualified 5 to 6 Million tourists during the Malaysia Year of Festival (MyFest) 2015. purchasers”. About 4.7 million tourists visited Penang in 2013 and 5.5 Million visitors were

Source : Dept. of Statistics Malaysia/Invest Penang expected by end of 2014. Singapore, Indonesia, China, India and Middle East A ordable Housing contribute the highest number of visitors while Australia, the United Kingdom, 80,000 units of affordable housing will be built with allocation of RM1.3 Billion Penang is an industrial-based state, a heritage city and a campus for Holland and the United States are the top non-Asian visiting countries. under the 1Malaysia People’s Housing Programme, This will enable more technology with a Gross Domestic Product (GDP) growth of 5.7% in 2014. The people to own houses with the monthly ceiling household income raised main contributing sectors are manufacturing and services which include not Penang’s Recent Development At A Glance from RM8,000 to RM10,000. only tourism, medical treatment, education but also InformationTechnology Penang accounted for about 50% of the country’s medical tourism and Outsourcing (IT) and Business ProcessOutsourcing (BPO) such as financing, the significance of this industry prompted the setting up of the Malaysia Affordable housing is defined as below RM400,000 on the Island and accounting and data processing. The manufacturing sector contributed about Healthcare Travel Council (MHTC) Concierge and Lounge at the Penang RM250,000 on the mainland. Homes under this category cannot be sold 48% of the Gross Regional Product (GRP) shares while about 47% was from the International Airport in July 2014 to provide information on health tourism In September 2014, the Penang State Government announced that a fully within 5 years from the date of Sales & Purchase Agreement. Similarly to the services sector. Unemployment rate is about 1.7%. in Penang. integrated system on public transportation in Penang will be implemented above, those who wish to sell can appeal to the State Government and can from now until 2030 under the Penang Transport Master Plan Strategy. It will only be sold to “registered and qualified purchasers”. The State of Penang, with her dynamic and vibrant economy, friendly people, Malaysia’s first subterranean Penang International Convention and Exhibition include components such as improved highway network, light rail transit good infrastructure, delicious food, couple with mix of beach/seafront, city Centre (SPICE) in which is expected to be completed in 2015 and the (LRT), bus rapid transit (BRT), trams and new ferry services. In line with this The Penang State Government has also proposed Malaysia’s first ever Shared heritage, and hillside residential living, that offer quality of life, has made it one RM346 Million Penang Waterfront Convention Centre (PWCC) by IJM Land at vision, the completion of the new system will further boost the tourism Ownership Scheme (SOS), a joint purchase initiative between the State of the excellent choices for both locals and foreigners to live, stay, raise their the Tun Dr Lim Chong Eu expressway in 2017 will make Penang to be the new industry in Penang. Government and households who cannot obtain sufficient finance to buy family and retire in. destination for Meetings, Incentives, Conventions & Exhibition (MICE) tourism low-cost homes. The State Government will offer 30% interest-free loan and hub. Its partner, Suntec International will be managing the convention centre. It was recently announced that an Electric Train Service (ETS) linking Kuala the households need only raise a capital for the remaining 70%. The 30% loan George Town, the state capital of Penang has been bestowed with numerous Upon completion, both convention centres are expected to attract business Lumpur to Butterworth will be operational in July 2015. A total of 10 new can be repaid at any time or remain in shared ownership, paying off the loan accolades such as being the 8th most liveable cities in Asia, a great place to investors and tourists to Penang. coach sets will be running in stages by January 2016. only when the property is sold.

52 HOMEBUYERS HOMEBUYERS 53 PROPERTY ANALYSIS INTERNATIONAL

Purchases By Non-Citizens Chart 2 Chart 5 A total of 12,929 properties were transacted in H1 2014. The residential Non-citizen can only purchase properties in excess of RM1,000,000 for House Price Index by Type (2003 to Q3 2014) sub-sector saw a marginal increase in sales of 9,023 units in H1 2014 strata-titled properties and RM2,000,000 for landed properties. It has added compared to 8,483 units in H1 2013. three per cent 3% levy for any purchase of property bought by non-citizens This sub-sector accounted for 70% of the total property transaction in H1 with effect from 1 March 2014. 2014, a slight drop compared to 74% in H1 2013 mainly due to the shift of investment interests. Property Purchased Within 3 Years A further two percent (2%) levy is also imposed on the sales of all property, not just sales by non-citizens, sold within three years from the date of the Sales & Purchase Agreement signed from 1 March 2014. This levy is however, not applicable to affordable housing.

Budget 2015 In a bid to curb speculation, the Government in its Budget 2015 announced on the 25 October 2014, that the Real Property Gain Tax or RPGT has been revised as follows: Source : HB Research/Napic Source HB Research/Napic Citizens: Chart 5 showed that the best performance in terms of CAGR over a period  30% for properties held for 3 years or less; A total of 12,929 properties were transacted in H1 2014. The residential of 15 years is the conventional terrace houses followed by strata-titled  20% on the 4th year sub-sector saw a marginal increase in sales of 9,023 units in H1 2014 flats/apartments/condos.  15% on the 5th year and above compared to 8,483 units in H1 2013.

Campbell House Company: This sub-sector accounted for 70% of the total property transaction in H1 Chart 6  30% for properties held for 3 years or less; 2014, a slight drop compared to 74% in H1 2013 mainly due to the shift of Average Price for all types of Property in Malaysia In tandem with the dynamic and vibrant tourism activities in George Town,  20% on the 4th year investment interests. it is observed that a substantial number of pre- war heritage buildings have  15% on the 5th year been refurbished and converted into boutique hotels and F&B outlets, to  5% on the 6th year and above cater to the increased influx of tourists to the State. Seven Terraces, Muntri Chart 3 Mews, Noordin Mews, Cheong Fatt Tze Mansion, Campbell House, Yeng Non-Citizens: Keng Hotel, 1881 Chong Tian Hotel, Penaga Hotel, Macalister Mansion, Logan  30% for properties held from 1 to 5 years House, Whiteaways, etc., are among the notable heritage buildings that have  5% from the 5th year and above been refurbished and transformed. Other incentives includes the extension of 50% stamp duty exemption on instrument of transfer and loan agreements until 31 December 2016 for properties up to RM500,000.

an anu t edah g Budget 2015 will also see the implementation of 6% Goods & Services Tax Johor K Sabah elan Selangor eng K (GST) on 1 April 2015. It will replace the current Sales Tax (6%) and Services Ter Tax (10%). How it will impact the property sector remains to be seen. Most Negeri Sembilan of the experts and consultants are of the view that it will affect the overall house prices. Source : The Malaysian House Price Index, Q1 – Q2 2014/Napic

Some notable new residential developments on Penang Island in 2014 includes the following :- Source HB Research/Napic  Mira Residence by BSG Properties The Rice Miller City Residences The overall total volume of transactions has seen a steady reduction since  Tropicana Bay Residences @ Penang World City by Tropicana Ivory 2011. While the value of transactions had also dropped slightly, the house The price of Penang’s pre-war heritage property has been on an upward  Andaman Edition 18 East by E & O Berhad Shorefront Residences by price index continued to show an increase. trend since the repeal of the Rent Control Act in 2000. The average price per YTL Land square foot of this segment of property has registered encouraging double  The Penthouse by Tamarins Group digit CAGR growth from 1999-2013. Chart 4  The Marin @ Ferringhi by Plenitude Bayu Sdn. Bhd. Total Volume and Value of Transactions (2003 – 2014P Shorefront Residences, a RM330 Million maiden project launch by YTL Land Chart 7 & Development saw an overwhelming response. The units were priced Trend in volume of transactions for pre-war property on between RM1,200 to RM 1,500 per sq. ft. Penang Island (1975 to 2013)

Pre-war Heritage Properties Performance of the Residential Sub-Sector Market The core and buffer zones of George Town Unesco heritage site The residential sector continues to dominate the property market. Strata-titled accommodate more than 4600 units of heritage buildings. Among the unique properties such as apartments and condominiums remained the most active. heritage buildings, such as Cheong Fatt Tze Mansion (The Blue Mansion, built in 1890s), which was awarded Unesco ‘Most Excellent’ Heritage Conservation There was an increase in the total property transaction value of RM7.2 Billion Award in 2000; Eastern &Oriental Hotel, declared as a Penang State Heritage in H1 2014 compared to H1 2013 at RM5.6 Billion. The residential sub-sector Volume Value Landmark by the in 2010; the Kapitan Keling Mosque, recorded a marginal increase at RM3.76 Billion compared to RM3.25 Billion in a mosque built in the 19th century by Indian Muslim traders in George Town; H1 2013. Source HB Research/Napic and many more. Source : HB Research

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Chart 8 A Likely Scenario For 2015 Price Index of Pre-war Properties (1980 – H1 2014) The volume of transactions in 2015 is expected to marginally decline with sales take-up rates affected by tighter loan eligibility. Property prices are not expected to soften. Inflationary effect on land and development costs coupled with GST introduction as well as the reduction in new launches and supply are anticipated to take its toils on the property market.

A large part and well-known part of the affordability problem on Penang Island is the lack of suitable and available land for development. The cost of land will continue to rise as demand continues to outstrip supply. Notwithstanding a lower index of affordability, this problem is further compounded by falling rates of housing stock growth which places even greater pressure on the existing and incoming desirable housing stock.

As part of the property market cooling measures, speculative demand is evaporating but no major correction in property prices is expected on the back of GDP growth momentum. Buyers generally remain confident in the long-term economic and investment fundamentals of the market. Discerning buyers are cautiously optimistic.

Penang is underpinned by healthy fundamentals such as a young population demographic (2/3 of Penang’s population is less than 40), shrinking average Source : HB Research/Napic household sizes (about 3.5 per household), low unemployment rate, vibrant local and foreign investments, stable income levels and bright job The current average transacted prices are between RM800 to RM1,600 per opportunities. sq. foot. Today, prices of prewar properties are 5x prices recorded 10 years ago. CAGR is 14.9% (2003 – H1 2014) The overall property market is healthy with credit growth underpinned by strong domestic liquidity and continuing credit flows. Property markets rise Penang’s pre-war heritage property market has faced many challenges as and dip, but the long-term trend is upwards because of growing populations, well as excitement, but one thing is pretty certain: The market is resilient urbanization, new infrastructure development and people’s desire to improve and will always come upon top. It has the charm of outstanding universal their living standards. value that showcases George Town’s unique historical and architectural buildings. Limited supply with good listings are selective and rare which For feedback on this article, please contact [email protected] makes it a good prospect for capital Website: www.henrybutcherpenang.com

CHINA INSIGHT by Vigers Holdings Ltd Chinese home prices may edge up in 2015

China reported property sales of RMB 6,448.1 billion in Jan-Nov Continued slowdown in growth of Chinese economy is expected to 2014, down 7.8% year-on-year and trimming 0.1 percentage point be seen next year. However, inflation and unemployment are likely to against Jan-Oct 2014. Of which, sales in homes and office remain stable. For the Chinese economy, exports will act as an upside properties dropped 9.7% and 20.9% respectively, whilst that in catalyst, whilst downside risk will be from the real estate industry. commercial properties moved up 7.2%. Tracking sluggish real estate sales this year, total real estate investment may stay weak till early next year. Nonetheless, given the high inventory levels in most cities, lengthening time for developers In fact, residential market appeared to have got strong boost, after to have their land bank digestion, substantial market demand during recent policy announcements in the real estate sector. Benefited the previous periods, and completion in home price correction is still from the new policies on home mortgages and interest rate slash waited to be seen. Whether the recent warmer market will be by central bank, home prices in some cities started to see monthly sustainable next year will very much depend on the additional rebounds, whereas that from tier-1 cities (Shanghai, Shenzhen and effects from recent policy changes, alongside the higher market Guangzhou) stabilised in October. Beijing’s home price even got a demand resulted from developers’various home sales discounts. We slight rebound of 0.3%. see mainland housing price have mild growth in 2015.

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EVENT

20–21 May 2015 Piscine SPLASH! Asia returns to Singapore and announces new show features

Leading pool and spa retailers and suppliers from around the world will gather at the Marina Bay Sands in Singapore on the 20 – 21st May 2015 to showcase the latest innovation in the industry, and present their products and services to a targeted audience of more than 1,500 trade show visitors.

More than 60 companies from 13 countries will be exhibiting, including market leaders Pentair, Fluidra Singapore, Procopi, Australian Innovative Systems, Haywards Industries, Maytronics, Teamhorner and Waterco Limited. The full exhibitor list has been published online, and is available at piscinesplashasia.com/visitor/exhibitor-list. To assist visitors with planning their day at the show, buyers can now plan their route between exhibitors, using a new feature on the website, allowing for a seamless visitor experience.

The organisers have announced a new feature designed to make the most of face to face time, and increase business opportunities for both visitors and exhibitors. The new “Speed Business Meetings” will facilitate networking at the event, and provides exhibitors with a targeted audience of buyers, shortening the decision making process with the aim of increasing sales.

GL events will introduce the winners of “The Pool Vision award for 2014”, organized in partnership with Archi-Europ Group. Swimming pool projects are selected from many countries around the world and are judged from technical and aesthetic standpoints, water treatment, coverings, accessories, spas etc…

There will be a winner in the Asia selection, for each of these categories: Private pool, Public or Hotel pool and Spa. Two projects in each category will be presented and the winners will be announced during the exhibition.

Piscine SPLASH! Asia is expected to attract buyers from more than 30 countries, including Singapore, Malaysia, Indonesia, India, Vietnam, Thailand, Sri Lanka, Philippines, Hong Kong, Australia, Cambodia, Myanmar and Bangladesh.

Visitors can now register online at piscinesplashasia.com or email [email protected] for more information.

About Piscine SPLASH! Asia Introduce the organisers:

Piscine SPLASH! Asia is the result of the Piscine SPLASH! Asia is organized, in part, by GL events Exhibitions. Piscine Global positions itself as the world’s leading pool and spa show. For 32 years, it has gathered association of two reputed pool and spa show international major pool and spa equipment manufacturers and service providers. With organizers sharing the same strategy: oering 559 exhibitors and 16771 visitors in 2014, it is the world’s largest gathering for the international pool and spa industry the professionals. It takes place every 2 years in Lyon (France) – it will be held from 15th to 18st of opportunity to develop export markets and November 2016. building strong connections with international The exhibitors of Piscine Global, being of international groups, have requested in recent years an big players and buyers. international gathering. Therefore Piscine has created 2 new shows since 2012: • Piscine SPLASH! Asia - 20-21 May, 2015 – Singapore Piscine Global (international leader show with • Piscine Middle East covering the GCC and North Africa. April 2016 1000 brands gathered every two years) and GL Events Exhibitions | International +33 (0)4 78 176 291 | [email protected] SPLASH! (award winning trade show in Australia and New Zealand for pool and spa professionals) Interpoint Events: For the past ten years Interpoint Events has been have merged their respective expertise in order organising events in four countries – Australia, New Zealand, Singapore to provide the Asian market with the most and the USA. SPLASH! Pool & Spa Trade Show is held every two years on the Gold Coast, Australia – important show for the professional pool and spa gathering more than 100 exhibitors and 2500 attendees the event is the largest of its kind in market. Respectively started in 1991 and 1998, Australasia. In 2010 SPLASH! won the “Best Trade Show in Australia and New Zealand’. The trade show Piscine and SPLASH! share a true international is supported by SPLASH! magazine and website. SPLASH! also has a pavilion in BuildNZ, 21-23 June knowledge of the pool and spa industry and the 2015, Auckland, New Zealand. same criteria for quality events. Interpoint Events Singapore 800 616 3169 | Australia 1300 789 845 | [email protected]

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