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MCI (P) 045/08/2019 PPS 1519/09/2012 (022805)

Visit EdgeProp.sg to find properties, research market trends and read the latest news The week of November 18, 2019 | ISSUE 908-130 EPJ2 • EDGEPROP | NOVEMBER 18, 2019

HIGHLY WINNER WINNER COMMENDED

SPECIAL RECOGNITION BEST HERITAGE BEST BOUTIQUE FOR DESIGN AND DEVELOPMENT DEVELOPMENT - LOW CONSTRUCTION DENSITY

Oxley Holdings Limited 1953 1953 by Oxley Holdings Ltd by Oxley Holdings Ltd PROPERTY PERSONALISED MCI (P) 045/08/2019 PPS 1519/09/2012 (022805)

Visit EdgeProp.sg to find properties, research market trends and read the latest news The week of November 18, 2019 | ISSUE 908-130

Hospitality Superhomes Spotlight Under the Hammer The Barracks Hotel Rare GCB at Mount ZACD reinvents itself, Penthouse at The Minton Sentosa to open in Echo Park for sale prepares for launch of going for $818,888 December ep3 at $32 mil ep6 The Landmark ep8 ep17

PLQ completion, launch of global commercial Reit spur Lendlease on

Tony Lombardo, Lendlease CEO for Asia, talks about the group’s A$100 billion development pipeline and future opportunities in Singapore and across the region Turn to our Cover Story on Pages 10, 11 & 18.

CapitaLand’sExterior of PLQ M&A Mall will at give Paya it Lebar access Quarter to Ascendas-Singbridge’s Changi Business Park SAMUEL ISAAC CHUA/THE EDGE SINGAPORE CHUA/THE ISAAC SAMUEL

EP2 • EDGEPROP | NOVEMBER 18, 2019

PROPERTY BRIEFS

ADVERTISING + MARKETING Ricoh Singapore’s workplace of the future ADVERTISING SALES vice-president, sales & operations | Diana Lim | BY AMY TAN | account director | Ivy Hong adopted cater to the different gener- function devices. Meeting rooms were able to demonstrate to its customers deputy account director | ations across the workforce. equipped with unified communica- how its digital workplace services can Janice Zhu ultinational imaging and elec- To address the challenges, the com- tions systems including interactive be applied in their own office trans- account manager | tronics company Ricoh has un- pany embarked on a digital workplace whiteboards. A bot was also created formation and tailored according to Pang Kai Xin veiled its new digital workplace transformation in December last year by the company to assist with data their business objectives. regional business M development manager | Cole Tan at Mapletree Business City. The com- with the aim of improving efficien- entry and invoicing. According to Chong, the transfor- head of marketing & branding | pletely transformed office is not only cy, productivity and asset utilisation. All in, the process took six months mation of Ricoh Singapore’s office is Rachel Lim Shuling an update of its existing office space “Our goal is to create a more tech- from conceptualisation to implemen- already meeting project objectives. PUBLISHER but also a showcase of Ricoh’s offer- nologically empowered and technolog- tation. “This is the latest phase of As a result of the overhaul, Ricoh has The Edge Property Pte Ltd ings in digital workplace services. ically empowered and space-efficient our long-term strategy to transform seen 25% overall space saving while 150 Cecil Street #13-00 Singapore 069543 Ben Chong, managing director of workplace to enhance our employees’ Ricoh workplaces across the region, providing three times more common Tel: (65) 6232 8688 Ricoh Singapore, observes that with efficiency, productivity, collaboration in order to meet the new challenges space for its staff. It has also helped Fax: (65) 6232 8620 the rise of the digital workforce, com- and engagement with our customers,” of today’s digital world,” says Kazu- to reduce spending by 10% despite panies face new challenges when it says Chong. hisa Goto, managing director of Ricoh the new investments that have been PRINTER KHL Printing Co Pte Ltd comes to fostering staff collaboration To that end, Ricoh automated its Asia Pacific. made in the latest technology adopt- 57 Loyang Drive and engagement. One such challenge business processes and eased the By adopting a new digital work- ed. Ricoh Singapore did not reveal the Singapore 508968 is ensuring that the digital solutions sharing of information with multi- place and workstyle, the company is total cost of investment. E Tel: (65) 6543 2222 Fax: (65) 6545 3333 PICTURES: RICOH SINGAPORE

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Multifunction devices were installed as part of Ricoh Singapore’s digital workplace transformation The new office configuration provides three times more common space for its staff

CAPITALAND CBRE ledge-sharing, cross-fertilisa- tion of ideas and multi-disci- plinary collaborations,” says Manohar Khiatani, senior ex- ecutive director at CapitaLand Group. In September, Bridge+ signed an MOU with AFIN to provide fintech firms in the API Exchange online commu- nity with resources to support their expansion in Asia. Bridge+ 79 Robinson Road will span three floors, offering a mix of work- place solutions which comprise flexi desks, dedicated desks and private suites for various team sizes The Arcade in Raffles Place up for collective CapitaLand’s co-working ble area of over 500,000 sq ft. sale at $780 mil platform Bridge+ The flagship space of The Arcade at 11 Collyer Quay The two ground-floor units for sale at Alexis have a total gross floor area expands to the CBD Bridge+ in Singapore is in at Raffles Place is up for collec- of 3,068 sq ft CapitaLand’s co-working brand Ascent building at Singapore tive sale at $780 million ($2,833 Subject to relevant approv- roads of Alexandra Road and Bridge+ is expanding to the Science Park. Companies work- psf per plot ratio). als, the site could potentially be Commonwealth Avenue. CBD in the group’s upcoming ing out of this outlet include The 20-storey office and re- redeveloped into an integrat- Alexis comprises 21 com- Grade-A office development at AXA REV, Dyson and Johnson tail property sits on a 21,909 sq ed development, comprising a mercial units and 293 apart- 79 Robinson Road. This will be & Johnson. ft site, which is on a 999-year hotel, residential units, office ments across six storeys. It is the second outlet of Bridge+ Bridge+ at 79 Robinson lease and zoned for commer- and retail space, according to within the Queenstown-Stir- in Singapore. Road will be the ninth co-work- cial use with a gross plot ratio Colliers International, which is ling neighbourhood, and is a Scheduled to open in ing space under the Bridge+ of 15. It comprises 127 office marketing the property. six-minute walk to Queens- 3Q2020, Bridge+ 79 Robin- brand in Asia, with other out- and retail units. The site is connected di- town MRT Station. son Road will cater to fintech lets in Shanghai, Hangzhou, rectly to Raffles Place MRT In- CONTINUES ON PAGE EP4

companies and startups. Suzhou, Dalian and Chong- COLLIERS INTERNATIONAL terchange Station on the East- It will span three floors, qing in China; as well as in West and North-South Lines. SENTOSA BUNGALOWS FOR SALE offering a mix of workplace Bangalore, India. Depending on the size of Seaview $16.8m/$24.8m/$33m/$35m solutions which comprise flexi Bridge+ has signed memo- their property, each owner Panoramic views, Modern, Bigger plots desks, dedicated desks and pri- randums of understanding with could stand to receive between Golf & Lake view $12.8m/$16m/$19.8m vate suites for various team key fintech players, which in- $700,000 and $29.9 million Brand New & Almost New sizes. It will also curate com- clude the Asean Financial In- from the sale of the develop- Waterway Brand New $13.xm upwards munity-driven programmes to novation Network (AFIN), Fin- ment, says Colliers. ID Units Available

foster connections among its Tech Consortium, LongHash, Unblocked Waterway $13m/$15m/ members. Singapore FinTech Associa- Two freehold ground- $20m/$24m for 50ft yacht The upcoming co-working tion, Collaboratory and United floor shop units at Alexis Homes by award winning architects space is developed by Capita- Overseas Bank. EY and Tribe for sale at $10 mil $18m-$28m Bespoke homes with Land in partnership with Mitsui Accelerator have also pledged Two freehold ground-floor shop exceptional views. & Co and Tokyo Tatemono Co. their support for the FinTech units at Alexis, located at 356 *For a friendly discussion or The 29-storey office build- Hub initiative at Bridge+ 79 Alexandra Road, are up for sale _pleasure of ownership, please call ROWENA CHAN 9_0383166 ing at 79 Robinson Road is in Robinson Road. at a guide price of $10 million (R051626C) close proximity to Tanjong Pagar “Through a series of part- ($3,259 psf). The Arcade is connected directly MRT Station and the upcom- nerships, we aim to create a to Raffles Place MRT Interchange The two units have a total ing Shenton Way MRT Station. vibrant fintech ecosystem driv- Station on the East-West and gross floor area of 3,068 sq ft, Each Franchise is Independently Owned And Operated It has a total office net letta- ing innovation through know- North-South Lines and are visible from the main EDGEPROP | NOVEMBER 18, 2019 • EP3

HOSPITALITY

With 40 exclusive rooms, The Barracks Hotel Sentosa is designed by architect and director Laurence Liew of Arc Studio Architecture + Urbanism

PICTURES: SAMUEL ISAAC CHUA/ THE EDGE SINGAPORE The Barracks Hotel Sentosa by Far East Hospitality to open in December

| BY BONG XIN YING | up an Indian fare, 7-Eleven, and Eurasian res- taurant Quentin’s. n Dec 1, international hospitality Just like Far East Hospitality’s two other owner and operator Far East Hos- hotels on Sentosa, The Barracks Hotel Sento- pitality will open its third hotel on sa is designed by architect and director Lau- Sentosa, The Barracks Hotel Sen- rence Liew of Arc Studio Architecture + Ur- tosa. This follows the launch of its banism, with the interior design of the rooms Oflagship 606-key Village Hotel Sentosa that conceived by KKS International. Conceptual- targets families, and its 193-key The Outpost ised in 2014, the restoration and internal al- Hotel Sentosa which caters exclusively to teration works for the hotel started at end- adults, particularly couples. 2015, while the groundworks itself began in The refurbished Barracks Hotel Sentosa mid-2018. takes up two out of the six conserved herit- The Barracks Hotel Sentosa offers “an ul- age buildings, which made up a British mil- tra-exclusive” experience that is “tailor-made itary outpost back in 1904. One other build- for the discerning traveller seeking timeless ing will be used as an Events Centre, while luxury and service with attention to detail”, the remaining three are to be the Mess Hall, notes Far East Hospitality in a press release. which is partly tenanted currently. The ten- Of the 40 available rooms across two sto- ants include Japanese restaurant Hidemasa reys, 33 are 312 sq ft premier rooms; six are By Hide Yamamoto, Royal Taj which serves CONTINUES ON PAGE EP4 The standalone bathtub is from Australian brand Apaiser

There are only six 635 sq ft suites with king-size beds at The Barracks Hotel Sentosa The columns, as well as the doors, are conserved EP4 • EDGEPROP | NOVEMBER 18, 2019

HOSPITALITY

PICTURES: FAR EAST HOSPITALITY FROM PAGE EP3 “Since the hotel is housed in a designated con- have been added, like the timber feature wall 635 sq ft suites with a king-size bed each; and served building, there are more opportunities at the head of each bed, and rustic round- the last is a 312 sq ft accessible room fitted for the design to be more experiential with the ed door handles. The divider, added to sep- with a queen-size bed. In each premier room raw and rustic feel of the existing site,” he says. arate the bedroom and the bathroom, is a are a king or twin bedroom with an en suite To that end, the rooms feature the stand- timber louvered sliding door that is coated bathroom, and an outdoor patio for those on alone bathtub from Australian brand Apais- with white paint. the ground floor or a balcony for those on the er, which is dark-coloured and stone-like, and As a member of the Small Luxury Hotels second floor. The patio comes with direct ac- made to contrast with the white marble floor. of the World (SLH), The Barracks Hotel Sen- cess to the pool. For the suites, semi-private The shell-shaped basin from Hansgrohe is in tosa joins SLH’s global portfolio of over 500 jacuzzi access is available. white porcelain, with red gold fittings. Togeth- hotels. SLH is present in more than 80 coun- As part of the hotel’s personalised Equerry er, these elements give the rooms a “timeless tries worldwide. Concierge Service, guests will have access to [yet] modern” look, notes Iwata. “The unique offerings of The Barracks Hotel round-the-clock assistance, including in-room Each suite also features a vintage leather Sentosa would be an exciting addition for our dining. Private tours, which are exclusively sofa from British brand Chester Field, while members,” says Mark Wong, vice president, designed for guests, are also available. Night- soft touches are added to the décor in all the Asia Pacific, at SLH. “Apart from its luxuri- ly room rates start from $500. rooms, which includes artworks and acces- ous décor and exclusive activities for guests, sories reminiscent of vintage objects. the hotel’s efforts in preserving the heritage Timeless yet modern At The Barracks Hotel Sentosa, the mould- of the place are in line with SLH’s vision of According to interior designer Kunio Iwata of ed columns, traditional timber louvered win- creating a sustainable future where people KKS International, the design was “based on dows, and moulded timber doors are all in explore the world with intention, experience The bedside table in the Premier Room [the] footprint of the [hotel’s] rich history”. their original conserved state. New features its intensity and protect its integrity.” E

The shell-shaped basin in white porcelain by Hansgrohe gives a timeless The study desk in the premier room The minibar and the Nespresso machine on a vintage-looking cabinet yet modern look

PROPERTY BRIEFS

GAW CAPITAL PARTNERS FROM PAGE EP2 The majority of the flats of- reaching US$1,478 psf per year. There will be no additional buyers’ fered under the SBF exercise are Milan’s Via Montenapoleone stamp duty or sellers’ stamp duty reserved for first-timer families. El- takes fifth place at an annual rent imposed for the sale of the property. igible first-timer singles may also of US$1,447 psf. “The successful buyer can ex- apply for a two-room Flexi flat in Singapore’s Orchard Road is in plore many possible uses – such as non-mature towns. 16th position, at US$312 psf per year. food court, restaurant, café, fast-food SBF flats come in a wide range of Notably, the largest rental in- chain, healthcare and education in- flat types, locations and selling pric- crease among the top 10 ranking stitutions – for the space, subject to es. About 22% are already completed, is Sydney’s Pitt Street Mall, which approval from relevant authorities,” while the rest are under construction. had a rent increase of 17.9% over says Michael Tay, senior executive Applications for the flats launched the past year to reach US$1,076 psf director of capital markets at CBRE, in the November 2019 BTO and SBF per year. which is marketing the property. exercises can be made online on the Of the top 10 streets globally, five HDB InfoWEB from Nov 12 to 18. were in Europe, four were in Asia, HDB launches 4,571 BTO units Applicants can apply for only one and one was in the US. in Tengah, Ang Mo Kio and flat category in one town under ei- The report by Cushman & Tampines in November ther the BTO or SBF exercise. Wakefield tracks rents for 448 lo- sales exercise In February next year, HDB will cations across 68 markets and ranks The Huaqiao Project in Kunshan, Jiangsu HDB has launched a total of 8,170 offer about 3,000 BTO flats in Sem- locations by their prime rental value. HDB units for sale in its November bawang and Toa Payoh. In May next Since the data for retail rents was Gaw Capital Partners partners rently leased to an internet company sales exercise, comprising 4,571 Build- year, HDB will offer about 3,700 BTO collected in June 2019, Hong Kong’s Centrin Data to run internet with 6,400 data-centre racks availa- To-Order (BTO) units and 3,599 Sale flats in Choa Chu Kang, Pasir Ris, retail market “has come under grow- data centres in China ble. In Phase Two, which is planned of Balance Flats (SBF) units across Tampines and Tengah. The flats in ing pressure from the local social un- Real estate private equity firm Gaw for completion in early 2020, more various estates. Choa Chu Kang have a shorter wait- rest that has led to a sharp drop in Capital Partners has partnered Cen- than 25,600 racks will be offered to The BTO units are spread across ing time. tourist arrivals and retail sales, as trin Data in a joint venture to ac- potential customers. five projects: three projects are in the well as interruptions to retailer oper- quire, develop and run a portfolio of Centrin Data is an IDC infrastruc- non-mature town of Tengah, while Hong Kong has the world’s ations, especially during weekends”, internet data centres (IDC) in China. ture provider of integrated IT ser- the other two are in the mature most expensive shopping says Kevin Lam, executive director, Gaw Capital is raising an IDC vices, with over 14 years of expe- towns of Ang Mo Kio and Tampines. street: Cushman & Wakefield head of retail services, Hong Kong, fund, which will target such invest- rience in China’s internet and data In Tengah, Plantation Village Hong Kong’s Causeway Bay has at Cushman & Wakefield. ment opportunities in China. services centre. and Plantation Grange are the sec- topped the charts as the most ex- As a result, retail rents have fall- “We see significant opportunities Currently, Centrin Data has four ond batch of flats with a shorter pensive shopping street in the world, en across all submarkets in recent in the IDC sector, which is fast be- IDC projects under management – waiting time, where at least 95% of with rents amounting to US$2,745 months and the outlook for the rest coming a major theme in China as in Beijing; Huaqiao, Jiangsu Pro- the four-room and bigger flats will ($3,740) psf per year, according to of the year is “muted”, he adds. the country deepens its embrace of vince; Wuhan, Hubei Province; and be set aside for first-timer families. data as at June 2019 from Cushman “However, some retailers are see- advanced technology,” says Chris- Yantai, Shandong Province. This is an increase from the current & Wakefield. ing the current market correction as tina Gaw, managing principal and Collectively, the firm hosts more quota of at least 85% in non-ma- In second place is Upper 5th Av- a rare opportunity to return to the head of capital markets for Gaw than 20,000 operational data-centre ture estates. enue in New York, at US$2,250 psf high street and we therefore expect Capital Partners. racks, with a further 55,000 racks Meanwhile, the SBF units up per year. some adjustment in the retail trade The first project is the Huaqiao currently under construction. Most for sale comprise 760 units of two- In third place is New Bond Street, mix,” Lam says. “In particular, trades Project in Kunshan, Jiangsu, 40km of the existing data centres are leased room Flexi, 536 units of three-room, with annual rents at the London thor- that focus on mass market demand from the Shanghai city centre. The to government services, as well as 1,677 units of four-room, 561 units oughfare having risen 2.3% in the and local consumption, such as the project, comprising two phases, has companies in the technology, me- of five-room, 56 units of 3Gen and past year to US$1,714 psf. education, lifestyle and sports/ath- a gross floor area of about 3.23 mil- dia & telecoms, banking and insur- nine units of Executive flats across Paris takes fourth place, with rents leisure sectors, will fare better in the lion sq ft. ance sectors. — Compiled by Char- various estates. at the Avenue des Champs Elysées current environment.” Phase One of the project is cur- lene Chin E EDGEPROP | NOVEMBER 18, 2019 • EP5 EP6 • EDGEPROP | NOVEMBER 18, 2019

SUPERHOMES

The property sits on a large freehold plot of 15,156 sq ft, and the double-storey house has a built-up area of about 7,000 sq ft

PICTURES: ALBERT CHUA/ THE EDGE SINGAPORE Rare GCB at Mount Echo Park for sale at $32 mil

| BY TIMOTHY TAY | through road, so only the residents of the 30- The GCB is located on a regular sized “Every bedroom has a view of the sur- odd houses use this road,” says the owner plot on level ground, with a car porch for rounding greenery, and the orientation of Good Class Bungalow (GCB) at the who declined to be named. four cars, a swimming pool in the backyard, the house is towards Chatsworth Park and end of a quiet cul-de-sac on Mount While some of the surrounding houses have and landscaped garden with a pond in the Bishopsgate,” says Steve Tay, senior associ- Echo Park is on the market for $32 been leased out, the majority of the owners front, which is the owner’s favourite part of ate vice-president at List Sotheby’s Interna- million. Located off Jervois Road, have been residents for some years, she adds. the home. tional Realty, the exclusive marketing agent the property sits on a large free- The owner and her husband bought the The ground floor of the house features a for the sale of the property. Ahold plot of 15,156 sq ft and the double-sto- house for $9 million ($594 psf) in 1997 and spacious living room, a family room, formal He reckons the new owner will likely tear rey house has a built-up area of about 7,000 it was their family home for more than 20 dining room adjoining a spacious kitchen, down the existing property and build a brand sq ft. The asking price translates to about years. As their children have grown up and and a second smaller dining nook. There’s a new GCB on the site, fully utilising the al- $2,111 psf on the land area. moved into homes of their own, the own- guest room at the front of the house, which lowable built up area and maximising the “The neighbourhood is very peaceful be- er has decided to put the house on the mar- is also ideal as a study. The second level has basement space. Tay estimates the cost of cause the road in front of the house is a no- ket for sale. a family room and four en suite bedrooms. building a new GCB will be at least $8 mil-

The ground floor of the house features a spacious living room and a family dining room The back garden and swimming pool EDGEPROP | NOVEMBER 18, 2019 • EP7

SUPERHOMES

PICTURES: ALBERT CHUA/ THE EDGE SINGAPORE

A GCB on Tanglin Hill in the Ridley Park GCB area fetched $31.5 million earlier this month lion, depending on the design and the ma- now marketing has seen interest from pro- Transactions in GCB Areas in 2019YTD terials used. spective buyers despite the house being list- One point of reference for the new GCB ed for sale less than a month ago. Most of ADDRESS LAND TRANSACTED UNIT PRICE SALE DATE could be its neighbour which was recently the interested parties are newly minted Sin- AREA (SQ PRICE PSF FT) sold and the property rebuilt. That proper- gaporeans, he says. 1 Margoliouth Road 6,082 $9,750,000 $1,603 10-JAN-19 ty fetched $22 million ($1,455 psf) when it Fifteen years ago, GCB land prices at 2 Jervois Hill 15,199 $30,880,000 $2,032 23-JAN-19 changed hands back in Feb 2015, and the new Mount Echo Park were about $500 psf, notes 3 Jalan Asuhan 11,722 $14,200,000 $1,211 12-FEB-19 owners have built a new house with a floor Tay. Hence, it will take a while for Singapore- 4 Yarwood Avenue 19,042 $22,150,000 $1,163 13-FEB-19 area of more than 10,000 sq ft, including a ans to accept the land prices today, he adds. 5 Ewart Park 27,470 $30,000,000 $1,092 18-FEB-19 basement carpark that can fit close to 10 cars. When the property is redeveloped, the 6 Swiss Club Road 15,263 $18,880,000 $1,237 14-MAR-19 Earlier this month, there was another new GCB will be able to command a higher 7 Andrew Road 9,171 $10,100,000 $1,101 20-MAR-19 transaction of an old GCB on Tanglin Hill in price, he adds. “Demand for GCBs in well-lo- 8 Jalan Kampong Chantek 8,902 $10,300,000 $1,157 9-APR-19 9 Ridout Road 22,012 $25,680,000 $1,167 21-MAY-19 the Ridley Park GCB area that fetched $31.5 cated areas remains healthy.” E 10 Third Avenue 16,275 $18,800,000 $1,155 23-MAY-19 million. The property sits on a 16,446 sq ft 11 Jalan Senandong 8,697 $13,285,000 $1,527 28-MAY-19 plot and the price translates to $1,915 psf 12 Jalan Kampong Chantek 9,096 $10,500,000 $1,154 29-MAY-19 on the land area. The buyer is believed to 13 Oriole Crescent 10,161 $17,000,000 $1,673 3-JUN-19 be Singaporean Koh Tuck Lye, who was a 14 Maryland Drive 19,171 $25,000,000 $1,304 3-JUN-19 board member of Hong Kong–listed tech gi- 15 Ford Avenue 19,838 $17,000,000 $857 10-JUN-19 ant Xiaomi Corporation. The deal was also 16 Belmont Road 15,005 $39,800,000 $2,652 11-JUN-19 concluded by Tay of List Sotheby’s. 17 Queen Astrid Park 15,877 23,600,000 $1,486 18-JUN-19 Meanwhile, the most recent transaction in 18 Jalan Asuhan 7,707 $9,500,000 $1,233 5-JUL-19 19 11-JUL-19 Mount Echo Park occurred more than three Leedon Park 15,500 $31,000,000 $2,000 20 Linden Drive 10,452 $13,000,000 $1,244 JUL-19 years ago in Jan 2016, when a 16,824 sq ft 21 Old Holland Road 17,901 $18,600,000 $1,039 JUL-19 GCB site was sold for $22.3 million ($1,322 22 Leedon Park 18,977 $28,000,000 $1,475 23-JUL-19 psf). Other nearby transactions include a 23 Chestnut Close 5,996 $6,000,000 $1,001 14-AUG-19 16,727 sq ft GCB plot which changed hands 24 Jalan Kampong Chantek 9,849 $10,800,000 $1,097 19-AUG-19 for $25 million ($1,494 psf) in Jan 2014. “As 25 Jalan Kampong Chantek 9,505 $13,000,000 $1,368 19-AUG-19 it’s a very quiet GCB enclave, very few GCBs 26 Andrew Road 9,881 $10,380,000 $1,050 23-AUG-19 in this area come up for sale,” notes Tay. 27 Astrid Hill 26,983 $47,000,000 $1,742 7-SEP-19 28 Swiss Club Road 10,086 $9,500,000 $942 16-SEP-19 According to Han Huan Mei, director of 29 Jalan Senandong 9,009 $12,900,000 $1,432 30-SEP-19 research at List Sotheby’s, “there is still a 30 Belmont Road 16,329 $18,600,000 $1,139 2-OCT-19 healthy demand for GCBs. Based on our re- 31 Wilmonar Avenue 5,587 $8,480,000 $1,518 23-OCT-19 search, 32 bungalows in GCB areas have been 32 Tanglin Hill 16,447 $31,500,000 $1,915 30-OCT-19 sold up till the end of October this year, for a total investment value of $605 million, of Q1 2019 103,948 $135,960,000 $1,308 which 15 bungalow deals were in prime dis- Q2 2019 145,034 $200,965,000 $1,386 trict 10. This shows a strong, steady interest Q3 2019 151,845 $209,680,000 $1,381 Steve Tay of List Sotheby’s International Realty Q4 2019YTD 38,363 $58,580,000 $1,527 in bungalows in district 10.” expects demand for GCBs in well-located areas to 2019YTD TOTAL 439,190 605,185,000 $1,378 The GCB on Mount Echo Park that Tay is remain healthy SOURCE: URA, LIST SOTHEBY’S INTERNATIONAL REALTY

The GCB in Mount Echo Park is on the market for $32 million The owner and her husband bought the house for $9 million ($594 psf) in 1997 EP8 • EDGEPROP | NOVEMBER 18, 2019

SPOTLIGHT

Unblocked view of the city from the existing Landmark Tower

PICTURES:SAMUEL ISAAC CHUA/ THE EDGE SINGAPORE ZACD reinvents itself, prepares for launch of The Landmark

| BY CECILIA CHOW | Qingjian Realty’s residential development projects that ZACD has invested in, typically he Landmark, an upcoming 396-unit, through a fund structure, range from Riverparc high-rise condominium tower, is sched- Residence, its first investment in an executive uled to launch sometime in 1Q2020, condo (EC) in Punggol in 2010; to more recent says Darren Chew, COO of ZACD Group. projects such as iNZ Residence EC in Choa Chu The project is on the site of the former Kang; Le Quest mixed-use commercial develop- TLandmark Tower on Chin Swee Road, which ment in Bukit Batok; and JadeScape private con- ZACD and its joint-venture partners purchased dominium in the Marymount-Thomson Road area. en bloc for $286 million in May last year. Other minority stakes in residential develop- ZACD’s joint-venture partners in the project ments include Wee Hur Holdings’ Parc Centros are Singapore-based MCC Land, the real estate in Punggol, as well as Capital Development’s development arm of Chinese state-owned en- Flo Residences in Punggol and Vue 7 Residenc- terprise MCC Group; and SSLE Development, es in Pasir Ris. an investment vehicle of the Lim family-con- trolled construction company, Sin Soon Lee, ‘Hybrid’ and its property development arm, Elitist De- Over the past three years, the group has re-fash- velopment. ioned itself into a property development, prop- ZACD and its various funds, together with erty management, fund management, asset SSLE Development, own a 70% stake in the management and financial services company. joint-venture development company, Land- “We’re an integrated asset manager, a hybrid mark JV, with MCC Land taking up the remain- of all these businesses,” says Chew. ing 30% stake. In January 2018, ZACD was listed on GEM, the board for small- and medium-sized com- Lead developer, major stakeholder panies on the Hong Kong Stock Exchange. The Landmark is the first residential develop- Co-founded in 2005 by Stanley Yeo, group ment project where ZACD is the majority stake- CEO, and his wife, Kain Sim – who is the holder, says Chew. group chairman – ZACD had its origins in the “In the past, we were happy with a minority industrial sector, taking stakes in industrial stake and being just an investor in a develop- developments and marketing strata units in ment,” he explains. ZACD has historically taken these projects via the group’s real estate agen- stakes ranging from 5% to 20% in suburban res- cy arm, SLP International. The latter merged idential projects of contractors-turned-property with Scotia Real Estate in 2017 to form SLP developers, primarily Qingjian Realty as well as Scotia. SLP Scotia has 376 registered agents The existing Landmark Tower which will be torn down and redeveloped into the new 396-unit The Landmark Capital Development and Wee Hur Holdings. as at Nov 11, and has been spun off from EDGEPROP | NOVEMBER 18, 2019 • EP9

RETAIL

Singapore retail leasing slows as sales weaken in 3Q: CBRE

PICTURES: SAMUEL ISAAC CHUA/THE EDGE SINGAPORE | BY CHARLENE CHIN |

etail leasing activity in Singapore slowed in the third quarter of 2019, amid weakening retail sales and a worsening economic outlook, highlights CBRE in its Asia Pa- Rcific retail report. Notable moves included sporting goods giant Decathlon taking over department store Metro as the anchor tenant at The Centrepoint. Times Bookstore also shut down its Following the opening of Jewel Changi Airport (pictured) and Paya Lebar Quarter, there has outlet at The Centrepoint, while MPH been a decline in large shopping mall completions closed down its branches at Raffles City and Parkway Parade. Citing high rental centrated on low-priced items, CBRE states. For the remainder of this year, CBRE costs for the closures, MPH announced In the coming six months, the firm ex- foresees high-street rent in Hong Kong that it will be reopening smaller stores. pects that Singapore’s retail market will re- declining by another 5% to 10%, with It has committed to a 1,900 sq ft space main two-tiered, with resilience in prime a further correction likely after Chinese at a new concept store at SingPost Cen- space and weakness in secondary malls. New Year in January next year. tre in Paya Lebar this month. In contrast, Among other Asia-Pacific markets, It expects short-term leases and pop- MPH at Raffles City spanned 6,500 sq ft. Hong Kong was the worst performer, suf- up stores to be the main source of leasing On the other hand, CBRE observes fering an 18% y-o-y decline in retail leas- activity for the rest of the year. that retailtainment-related trades contin- ing activity from July to September 2019. In Japan, drugstores remained the ued to perform well, with indoor play- A few leasing deals were signed by strongest demand driver in 3Q2019, al- ground operators seeking further oppor- personal-care retailers including SaSa though some operators were terminating tunities to enter the market, following the and Dr Plant in Mong Kok, and Goutal leases and closing stores. Tokyo, Osaka success of similar offerings like Kiztopia in Causeway Bay. Some tourist-oriented and Nagoya all saw new store openings. and Superpark. pharmacies have discontinued negotia- F&B demand in Japan was led by Overall, CBRE highlights that tenants tions amid social unrest. bubble-tea operators targeting local con- are “increasingly selective and are more Underperforming fashion retailers have sumers. Chinese tea brands also sought reluctant to expand, considering the eco- continued to pull out from the market: direct entry to the market, as opposed to nomic slowdown and less favourable Jack Wills exited Hong Kong after being the usual route of forming joint ventures retail climate”. The research consultan- taken over, while Forever 21 exited Hong with local partners. cy also attributes the slowdown in leas- Kong due to its global closure. GAP, how- Looking forward, CBRE forecasts that ing activity to a decline in the number of ever, opened a 15,000 sq ft store in Tsim the hike in Japan’s consumption tax, from large shopping mall completions, follow- Sha Tsui. 8% to 10%, will negatively impact future ing the opening of Jewel Changi Airport Although some international retailers consumption. Additional large-scale ex- and Paya Lebar Quarter. have withdrawn from Hong Kong, overseas pansion is not anticipated, says CBRE, However, prime retail space remains groups have shown interest in establish- as many retailers have already opened limited and rents remain stable, it says. ing a presence in the city, taking advan- new stores ahead of the 2020 Olympic E-commerce activity, meanwhile, is con- tage of cheaper rents at prime locations. Games in Tokyo. E Metro closed its flagship store at The Centrepoint in September

SPOTLIGHT

PICTURES: ZACD GROUP ZACD as a separate entity. AccorHotels through management agreements sizes ranging from 484 sq ft to about 1,152 sq ft. When the Singapore government hiked ad- and branded ibis or ibis Budget. These have a The design architect is Singapore’s oldest, ditional buyer’s and seller’s stamp duties as total of 1,797 rooms, with the two largest ho- namely Swan & Maclaren. Construction of the well as introduced the total debt servicing ratio tels being the 200-key ibis Sydney Airport and showflat is currently underway, and slated for (TDSR) loan framework in 2013, many inves- the 156-key ibis Budget Sydney Olympic Park. completion towards the end of the year. tors and property developers began to look at Meanwhile, the six leased hotels in the portfo- “As The Landmark is located on an elevated investment opportunities beyond Singapore’s lio are COMO MGallery by Sofitel in Melbourne; site, it offers unblocked views of the city sky- borders. So did ZACD. the Novotel Brisbane, Mercure and ibis hotels in line and the park,” says ZACD’s Chew. “And In 2014, ZACD took a minority stake in Fron- Brisbane; as well as Mercure and ibis hotels in that’s the reason we chose this site. It also tier Industrial Park in Malaysia alongside local Perth. These six hotels have 1,249 guest rooms. gives us the opportunity to create a product property developer, WB Land. ZACD was also Initially, the portfolio of 23 hotels will contin- that caters to ‘urban city living next to a green the project manager and property manager. ue to be managed by AccorHotels. “Post-acqui- park’.” Nearby is also the Singapore General Since then, the company has also invested in sition, we will also assess the operating model Hospital (SGH), where there is a 20-year mas- a workers’ dormitory in Tebrau, Johor. to unlock the value of the assets,” says Chew. terplan for a future SGH campus that is poised “We are confident that we can bring down the to be a major medical hub. Investments in Australia operating cost and increase the yield on the prop- The proximity to the future SGH campus The group has made a series of investments erties. We have also set aside some funds for should attract investor interest – as has been in Australia too. It started with a 52,969 sq ft, asset enhancement.” observed in the new residential projects located three-storey office building located at Chelten- The investment in the portfolio of 23 ho- near Health City Novena, notes Chew. “There ham’s commercial precinct, in the Bayside Busi- tels was made under ZACD Australia Hospi- will be a healthy tenants’ market with doctors ness Employment Centre in the suburbs of Mel- tality Fund in a 50:50 joint venture with iPG. and other medical professionals working there Chew: We’re a hybrid of all these businesses – bourne. Last year, ZACD purchased the serviced The group intends to look for more hospitality in the future.” property development, fund management, asset apartment component of the The Sebel West deals that are similar, says Chew. It is also in- The closest comparable residential project management, property investment and property management Perth Aire Apartments for A$12.5 million. The terested in looking at more acquisitions of ex- in the area is One Pearl Bank, located on the 22-storey tower contains 64 serviced apartments, isting assets where it can add value through opposite end of Pearl’s Hill City Park, and just with the hotel occupying the first four levels. enhancement exercises. “We are looking to off Outram Park. In September, ZACD and Sydney-based fund launch a similar turnaround fund in Singapore Launched in mid-July, the 774-unit One manager iProsperity Group (iPG) announced their next year,” he adds. Pearl Bank, a redevelopment of the former acquisition of a portfolio of 23 hotels in Austral- Pearl Bank Apartments, has sold 242 units at ia from Luxembourg hotel investor AccorInvest The Landmark – ‘CBD living’ an average price of $2,387 psf, based on cave- for a total of A$212.6 million ($198 million). Meanwhile, the group will be focused on the ats lodged as at Nov 12. The portfolio is made up of 17 hotel assets marketing of The Landmark next year. The 99- Besides its proximity to the CBD, The Land- and six lease interests. The portfolio has a to- year leasehold project is located at the fringe of mark’s appeal is its proximity to Chinatown, tal of 3,046 rooms combined – in major cities the CBD and is perched at the top of Pearl’s Hill Robertson Quay as well as Tiong Bahru, which such as Sydney, Melbourne, Canberra, Brisbane City Park. It will be a 39-storey tower containing has been gentrified with many hipster cafes and The 200-key ibis Sydney Airport is the biggest in the and Perth. Of the 23 hotels, 17 are managed by a mix of one- to three-bedroom apartments, with popular local eateries, notes ZACD’s Chew. E portfolio of 23 hotels EP10 • EDGEPROP | NOVEMBER 18, 2019

COVER STORY

PLQ completion, launch of global commercial Reit spur Lendlease on

Tony Lombardo, Lendlease CEO for Asia, talks about the group’s A$100 billion development pipeline and future opportunities in Singapore and across the region

ALBERT CHUA/THE EDGE SINGAPORE | BY CECILIA CHOW | As Lendlease still owns a 30% stake in PLQ, with Abu Dhabi Investment Authority ony Lombardo, property group Lend- holding the remaining 70%, the office and re- lease CEO for Asia, is usually on the tail components of PLQ could potentially be “early shift” of global conference calls. injected into the new Lendlease Global Com- That means waking up at 4.30am. “It’s mercial Reit. “I think we will wait for it to just part of working for a global Aus- stabilise, although it’s already well leased,” Ttralian business,” he says. “To get everyone observes Lombardo. across the world at the same time, we have The Lendlease Global Commercial Reit de- to get up at different times.” buted on Oct 2 at 88 cents a share, hit a high As Lombardo starts his day between 5am of 94 cents on the first day of trading, and and 5.30am, waking up at 4.30am is no trou- has since stabilised at around 92 cents. “The ble for him. On a typical weekday, Lombar- Reit is something that we’ve been wanting to do goes for a 5km run, followed by a visit do – to hit the market, get the timing right, to the gym and sometimes yoga. He is usu- achieve a good response and trade well,” ally in the office by 8am. Weekends will see says Lombardo. him running 12km from his home in Novena The Singapore Exchange was chosen for to Singapore Botanic Gardens and back. He the listing of Lendlease Global Commercial reckons he chalks up an average of 30km to Reit as Singapore has become an established 50km a week. “I love the outdoors,” he says. Reit market, with Reits of Asian, European and Being “self-motivated”, he does not need a US assets listed on it, explains Lombardo. “We personal trainer, and has shed some 16kg felt that this market understands property and since last year. there’s a good global client base here in terms Besides this personal milestone, Lombar- of investors,” he says. do is even more pleased with the achieve- Cornerstone investors in Lendlease Glob- ment logged by Lendlease’s integrated de- al Commercial Reit include AEW Asia, Black- velopment, Paya Lebar Quarter (PLQ). The rock, Fullerton Fund Management and Lion $3.7 billion project was completed in 4½ Global Investors. years from the time that Lendlease acquired the 99-year leasehold site in May 2015 for SETTING UP A GLOBAL COMMERCIAL REIT $1.67 billion. “This is one of the fastest de- The rationale for such a global commercial velopments of such a scale that we’ve done Reit is because Lendlease has a global devel- around the world,” he says. opment pipeline approaching A$100 billion ($93 billion). About A$35 billion of that de- FULLY SOLD, 90% LEASED velopment pipeline is made up of commercial The 429-unit Park Place Residences at PLQ, assets – both office and retail. The growth in which was launched in two tranches – in March the development pipeline also means an in- 2017 and April 2018 – is already fully sold. The crease in capital needs, says Lombardo. last unit was taken up on Monday, Nov 11. Av- The difficulty was in choosing the assets erage price of units sold is $1,875 psf, which for the initial Reit portfolio as most of Lend- has set a new benchmark in the area. lease’s assets are owned in property funds or PLQ’s three Grade-A office towers with about sold off. “We don’t hold a lot of assets on our 1 million sq ft of space is 90% leased and so is balance sheet,” says Lombardo. the PLQ Mall, which has about 340,000 sq ft of The initial portfolio is made up of the 313@ retail space and about 200 retail and F&B outlets. Somerset mall, which is linked directly to the

SAMUEL ISAAC CHUA/THE EDGE SINGAPORE

Lombardo: [PLQ] is one of the fastest developments of such a scale that we’ve done around the world The open space at the PL integrated development, where the three office towers and the mall are 90% leased and the 429-unit Park Place Residences is fully sold EDGEPROP | NOVEMBER 18, 2019 • EP11

COVER STORY

LENDLEASE LENDLEASE Somerset MRT Station in Singapore’s Orchard Road shopping belt; and Sky Complex, three newly completed office buildings in Milan that is 100% leased to Sky Italia, an Italian digital satellite TV platform owned by News Corp. Prior to the acquisition by the Reit for $1.003 billion, Lendlease had owned a direct 25% stake in 313@Somerset. The balance 75% was held by Lendlease Asian Retail In- vestment Fund 1 (ARIF1). Lendlease held an- other indirect stake in the asset via its 14.4% stake in ARIF1. 313@Somerset was there- fore injected into the Reit “as Lendlease had a large co-investment stake, and some of the investors who wished to exit their positions agreed to exit via the Reit”, says Lombardo. Meanwhile, Sky Complex, in Santa Giulia, is located near an upcoming arena for the 2026 Winter Olympics to be held in Milan. Lendlease has plans to develop more office buildings at Santa Giulia, as the area is ex- pected to see strong growth, says Lombardo.

PIPELINE “Over time, we will work with the board to pick other assets – as long as they meet the return profile and the strategic direction of the Reit,” says Lombardo. In Singapore, Lendlease developed Jem, Artist’s impression of the exterior of Lendlease’s One an office and retail complex in Jurong East, Sydney Harbour residential tower at Barangaroo which opened in 2013. It is 99.1% leased to- South, where a penthouse was recently sold for a day. The 25% stake that Lendlease held in record price of A$140 million or about A$100,000 the mall was sold for $227 million to Lend- The completed three office towers at Lendlease’s Barangaroo South on the western edge of the Sydney CBD psm (A$9,290 psf) lease Jem Partners, an investment vehicle backed by a group of global institutional in- a wide range of different components and tralia, China, Japan, Malaysia and Singapore. ty that will have over 850 apartments when vestors in 2013. The remaining 75% in Jem uses within the parameters set by the URA. Over the past decade, Lendlease has been completed in 2021. is held by Lendlease Asia Retail Investment “The Kampong Bugis site is one which involved in the construction of about 20 data The Ardor Gardens senior living commu- Fund 3 (ARIF3). Lendlease still holds a 20.1% we’ve always said we wanted to look at,” centres in Australia and across key markets nity in Qingpu is currently under construc- stake in ARIF3. says Lombardo. “We would probably want a in Asia. “The explosive growth in data and tion, with the new sales centre opening later Meanwhile, Parkway Parade shopping centre joint-venture partner because of the signifi- cloud infrastructure is a trend where we could this year. Instead of strata-titled units, Lend- in the east is owned by real estate fund, Park- cant master developer role.” leverage our construction expertise and move lease will be selling memberships on a 50- way Parade Partnership Ltd (PPPL). The retail National Development Minister Lawrence into the development space,” says Lombardo. year lease. Prices will start from $380,000 to asset is valued at A$1.5 billion and has an occu- Wong, who was at the official opening of PLQ $400,000 for a one-bedroom apartment. pancy of 99.9%. The two cornerstone investors last month, outlined the longer-term plans for URBAN RENEWAL, SENIOR LIVING Located in Qingpu, the design is inspired in PPPL are Singapore’s insurance cooperative, the transformation of Paya Lebar in his speech He sees Asia as “a key growth region”, espe- by the nearby Zhujiajiao water village. There NTUC Income; and PGGM Private Real Estate on Oct 24. The relocation of the Paya Lebar cially with urbanisation and changing demo- will be waterways and landscaped gardens Fund, an investment vehicle for Dutch pen- Airport to Changi by 2030 will free up 800ha graphic trends across the different markets. within the compound, with recreational and sion funds. Lendlease’s stake in PPPL is 6.1%. of land for redevelopment. The surrounding Having constructed many of Japan’s telecom- wellness facilities such as a spa, swimming industrial estates can also be redeveloped. munication towers over the past 30 years, Lom- pool, restaurant and a large community club- FUTURE SITES “The redevelopment footprint is larger, it is bardo sees more opportunity to make inroads house. Transport amenities include a newly Now that PLQ is substantially completed and in fact, equivalent to 2.5 times the size of a into the telecommunications sector with the opened Zhujiajiao station that will provide leased, Lendlease has set its sights on fu- Bishan town,” said Wong. advent of 5G cellular network. access to Shanghai city centre; and Hong- ture developments in Singapore. The group Lendlease is “definitely interested” in look- With over 38 million residents, Greater To- qiao’s integrated transportation hub, includ- is scouring the development sites in the gov- ing at more sites in Paya Lebar that will be kyo is considered the world’s most populous ing Shanghai Hongqiao International Airport. ernment land sales (GLS) programme. “We put up for sale in the future, says Lombardo. metropolitan area. For Lombardo, that means According to Lombardo, Lendlease is able want bigger sites,” says Lombardo. opportunities for urban renewal and urban re- to leverage its expertise as “the largest owner One GLS site that Lendlease is eyeing is DATA CENTRES generation projects. The company has collab- and operator of senior living communities in the Kampong Bugis white site that the URA The group is diversifying into the develop- orated with two of Japan’s biggest property Australia”, with 70 communities and 17,000 has offered for sale under the Reserve List. ment of data centres in the region. In June groups, Mitsubishi Estate and Mitsui Fudos- residents across the country. The 9.2ha (about 990,316 sq ft) site is locat- this year, Lendlease announced a partnership an, in projects in Melbourne and Sydney in ed at the mouth of the Kallang River, and has with an institutional investor, believed to be a Australia. He hopes to be able to collaborate ASIA’S LARGEST INTEGRATED the potential to be developed into a new pre- sovereign wealth fund, to invest US$1 billion with them in projects in Japan. DEVELOPMENT cinct with 4,000 private homes, and 50,000 ($1.36 billion) in data centres in Asia. These In China, Lendlease intends to launch its In Malaysia, Lendlease is developing its larg- sq m (538,215 sq ft) of retail, office, commu- will include both completed and development first senior living community sometime dur- est integrated development in Asia, name- nity and recreational spaces. For white sites, opportunities in markets where Lendlease al- ing Chinese New Year 2020. Called Ardor Gar- ly The Exchange TRX in Kuala Lumpur. The developers have the flexibility of developing ready has a significant presence, namely, Aus- dens, it is a premier senior living communi- CONTINUES ON PAGE EP18

SAMUEL ISAAC CHUA/THE EDGE SINGAPORE SAMUEL ISAAC CHUA/THE EDGE SINGAPORE

The 313@Somerset mall on Orchard Road was sold to Lendlease Global Commercial Reit for $1.003 billion Jem, an office and retail complex in Jurong East, was developed and completed by Lendlease in 2013; the and is the biggest asset in the initial portfolio mall is 99.1% leased today EP12 • EDGEPROP | NOVEMBER 18, 2019

DONE DEALS

Residential transactions with contracts dated Oct 29 to Nov 5 Singapore — by postal district LOCALITIES DISTRICTS City & Southwest 1 to 8 SALE DATE LAND AREA/ TRANSACTED NETT PRICE UNIT PRICE COMPLETION PROJECT NAME PROPERTY TYPE TENURE (2019) FLOOR AREA(SQ FT) PRICE ($) ($ PSF) ($ PSF) DATE TYPE OF SALE Orchard/Tanglin/Holland 9 and 10 Newton/Bukit Timah/Clementi 11 and 21 8 NAPIER Condominium Freehold Oct 29 2,013 5,800,000 - 2,881 2010 Resale Balestier/MacPherson/Geylang 12 to 14 ANGULLIA PARK RESIDENCES @ ORCHARD Apartment Freehold Nov 1 936 2,155,000 - 2,301 2010 Resale East Coast 15 and 16 ASTRID MEADOWS Condominium Freehold Oct 31 1,938 3,280,000 - 1,693 1990 Resale Changi/Pasir Ris 17 and 18 BOULEVARD 88 Apartment Freehold Nov 1 1,776 6,423,300 - 3,617 Uncompleted New Sale Serangoon/Thomson 19 and 20 CHIVERTON Apartment Freehold Nov 1 2,142 2,120,000 - 990 2003 Resale West 22 to 24 D’LEEDON Condominium 99 years Oct 30 1,066 1,590,000 - 1,492 2014 Resale North 25 to 28 DUCHESS MANOR Condominium 999 years Oct 30 990 1,850,000 - 1,868 2005 Resale GALLOP GREEN Condominium Freehold Nov 5 4,187 7,630,000 - 1,822 2002 Resale HOLLAND GROVE Semi-Detached 99 years Oct 29 3,089 2,650,000 - 857 1997 Resale LEEDON RESIDENCE Condominium Freehold Nov 1 2,648 5,800,000 - 2,190 2015 Resale TANGLIN HILL Detached Freehold Oct 30 16,447 31,500,000 - 1,915 Unknown Resale GREENLEAF VIEW Semi-Detached Freehold Oct 31 3,584 5,660,000 - 1,577 1968 Resale JALAN HAROM SETANGKAI Semi-Detached Freehold Oct 31 3,154 6,400,000 - 2,033 Unknown Resale NOUVEL 18 Condominium Freehold Oct 31 3,337 12,226,200 - 3,664 2014 Resale PARKSUITES Apartment 110 years Nov 2 786 1,390,530 - 1,770 Uncompleted New Sale ROYALGREEN Condominium Freehold Oct 30 667 1,824,000 - 2,733 Uncompleted New Sale ROYALGREEN Condominium Freehold Nov 3 1,432 4,091,000 - 2,858 Uncompleted New Sale STEVENS LOFT Apartment Freehold Oct 31 732 1,175,000 - 1,605 2003 Resale THE HYDE Condominium Freehold Nov 1 818 2,419,000 - 2,957 Uncompleted New Sale THE HYDE Condominium Freehold Nov 1 818 2,433,000 - 2,974 Uncompleted New Sale THE PRINCETON Apartment Freehold Oct 29 861 1,368,000 - 1,589 1999 Resale THE TRIZON Condominium Freehold Oct 31 1,012 1,707,000 - 1,687 2012 Resale WING ON LIFE GARDEN Apartment Freehold Nov 5 3,498 6,100,000 - 1,744 1982 Resale ZENITH Apartment 999 years Nov 1 743 1,490,000 - 2,006 2011 Resale District 11 DUNEARN 386 Apartment Freehold Nov 1 452 1,173,991 - 2,597 Uncompleted New Sale SALE DATE LAND AREA/ TRANSACTED NETT PRICE UNIT PRICE COMPLETION PROJECT NAME PROPERTY TYPE TENURE (2019) FLOOR AREA(SQ FT) PRICE ($) ($ PSF) ($ PSF) DATE TYPE OF SALE DUNEARN 386 Apartment Freehold Nov 1 646 1,654,917 - 2,562 Uncompleted New Sale FYVE DERBYSHIRE Apartment Freehold Nov 2 797 1,809,720 - 2,272 Uncompleted New Sale District 1 L’VIV Apartment Freehold Nov 1 1,001 2,050,000 - 2,048 2013 Resale MARINA ONE RESIDENCES Apartment 99 years Oct 30 1,163 2,554,200 - 2,197 2017 Resale MONTEBLEU Condominium Freehold Nov 4 1,475 2,300,000 - 1,560 2010 Resale MARINA ONE RESIDENCES Apartment 99 years Oct 31 753 1,632,510 - 2,167 2017 Resale GENTLE ROAD Detached Freehold Oct 29 8,364 11,400,000 - 1,363 Unknown Resale MARINA ONE RESIDENCES Apartment 99 years Oct 31 732 1,581,614 - 2,161 2017 Resale DYSON ROAD Semi-Detached Freehold Oct 31 2,960 5,500,000 - 1,858 2018 Resale MARINA ONE RESIDENCES Apartment 99 years Oct 31 1,163 2,710,927 - 2,332 2017 Resale CAMBORNE ROAD Detached Freehold Nov 1 5,124 9,000,000 - 1,758 1999 Resale MARINA ONE RESIDENCES Apartment 99 years Oct 31 1,163 3,018,000 - 2,596 2017 Resale DALKEITH ROAD Detached Freehold Nov 5 11,259 18,000,000 - 1,598 Unknown Resale MARINA ONE RESIDENCES Apartment 99 years Nov 1 753 1,622,907 - 2,154 2017 Resale NEU AT NOVENA Apartment Freehold Oct 31 818 2,170,000 - 2,653 Uncompleted New Sale MARINA ONE RESIDENCES Apartment 99 years Nov 1 1,163 2,618,738 - 2,253 2017 Resale NEU AT NOVENA Apartment Freehold Oct 31 646 1,648,000 - 2,552 Uncompleted New Sale MARINA ONE RESIDENCES Apartment 99 years Nov 4 1,206 2,902,987 - 2,408 2017 Resale NEU AT NOVENA Apartment Freehold Nov 3 646 1,690,000 - 2,617 Uncompleted New Sale District 2 NOVENA LODGE Condominium Freehold Nov 1 786 1,165,000 - 1,483 1999 Resale SKY EVERTON Apartment Freehold Oct 30 958 2,368,000 - 2,472 Uncompleted New Sale THE SPRINGS Apartment Freehold Nov 5 1,884 2,480,000 - 1,317 2003 Resale SKY EVERTON Apartment Freehold Nov 2 915 2,336,000 - 2,553 Uncompleted New Sale THE TREVOSE Condominium 99 years Oct 30 1,324 1,770,000 - 1,337 2001 Resale THE ARRIS Apartment Freehold Oct 31 969 1,800,000 - 1,858 2002 Resale District 12 THE BEACON Apartment 99 years Oct 29 969 1,438,000 - 1,484 2008 Resale 1953 Apartment Freehold Nov 3 614 1,138,000 - 1,855 Uncompleted New Sale District 3 BEACON HEIGHTS Condominium 999 years Oct 30 667 818,000 - 1,226 2012 Resale ARTRA Apartment 99 years Oct 29 1,119 2,080,100 - 1,858 Uncompleted New Sale DE PARADISO Apartment Freehold Oct 31 1,130 1,385,000 - 1,225 2004 Resale ARTRA Apartment 99 years Oct 30 829 1,759,500 - 2,123 Uncompleted New Sale JUI RESIDENCES Apartment Freehold Oct 29 1,001 1,811,550 - 1,810 Uncompleted New Sale ARTRA Apartment 99 years Oct 30 829 1,746,600 - 2,107 Uncompleted New Sale OLEANDER TOWERS Apartment 99 years Oct 29 1,152 1,230,000 - 1,068 1997 Resale ARTRA Apartment 99 years Oct 30 1,119 2,116,000 - 1,890 Uncompleted New Sale District 13 ARTRA Apartment 99 years Nov 1 2,583 4,763,000 - 1,844 Uncompleted New Sale BARTLEY RIDGE Condominium 99 years Oct 30 840 1,170,000 - 1,394 2016 Resale AVENUE SOUTH RESIDENCE Apartment 99 years Oct 31 527 1,085,000 - 2,057 Uncompleted New Sale INTERO Apartment Freehold Nov 4 1,012 1,398,888 - 1,383 2008 Resale AVENUE SOUTH RESIDENCE Apartment 99 years Oct 31 721 1,392,000 - 1,930 Uncompleted New Sale MACPHERSON GARDEN ESTATE Terrace Freehold Oct 31 883 1,490,000 - 1,682 Unknown Resale AVENUE SOUTH RESIDENCE Apartment 99 years Oct 31 657 1,314,000 - 2,001 Uncompleted New Sale BUTTERFLY AVENUE Terrace Freehold Nov 1 1,851 2,350,000 - 1,273 1957 Resale AVENUE SOUTH RESIDENCE Apartment 99 years Nov 1 657 1,232,000 - 1,876 Uncompleted New Sale PARK COLONIAL Condominium 99 years Oct 29 1,711 3,025,000 - 1,767 Uncompleted New Sale AVENUE SOUTH RESIDENCE Apartment 99 years Nov 2 1,109 2,068,000 - 1,865 Uncompleted New Sale SENNETT RESIDENCE Condominium 99 years Oct 31 506 800,000 - 1,581 2016 Resale AVENUE SOUTH RESIDENCE Apartment 99 years Nov 2 689 1,450,000 - 2,105 Uncompleted New Sale THE ADDITION Apartment Freehold Oct 29 947 1,660,000 - 1,752 Uncompleted New Sale AVENUE SOUTH RESIDENCE Apartment 99 years Nov 2 689 1,418,000 - 2,058 Uncompleted New Sale THE ADDITION Apartment Freehold Oct 30 947 1,672,000 - 1,765 Uncompleted New Sale AVENUE SOUTH RESIDENCE Apartment 99 years Nov 3 527 1,168,000 - 2,214 Uncompleted New Sale THE TRE VER Condominium 99 years Oct 29 753 1,181,000 - 1,567 Uncompleted New Sale AVENUE SOUTH RESIDENCE Apartment 99 years Nov 3 527 1,071,000 - 2,031 Uncompleted New Sale THE TRE VER Condominium 99 years Oct 29 1,098 1,651,000 - 1,504 Uncompleted New Sale COMMONWEALTH TOWERS Condominium 99 years Nov 4 689 1,300,000 - 1,887 2017 Resale THE TRE VER Condominium 99 years Oct 30 743 1,175,000 - 1,582 Uncompleted New Sale MARGARET VILLE Apartment 99 years Oct 31 829 1,538,894 - 1,857 Uncompleted New Sale THE TRE VER Condominium 99 years Nov 1 1,098 1,780,000 - 1,621 Uncompleted New Sale ONE PEARL BANK Apartment 99 years Nov 1 840 1,991,000 - 2,371 Uncompleted New Sale THE TRE VER Condominium 99 years Nov 3 743 1,228,000 - 1,653 Uncompleted New Sale ONE PEARL BANK Apartment 99 years Nov 3 527 1,299,000 - 2,463 Uncompleted New Sale THE TRE VER Condominium 99 years Nov 3 700 1,202,000 - 1,718 Uncompleted New Sale STIRLING RESIDENCES Apartment 99 years Oct 31 657 1,206,000 - 1,837 Uncompleted New Sale THE WOODLEIGH RESIDENCES Apartment 99 years Oct 29 667 1,200,000 - 1,798 Uncompleted New Sale STIRLING RESIDENCES Apartment 99 years Oct 31 624 1,208,000 - 1,935 Uncompleted New Sale THE WOODLEIGH RESIDENCES Apartment 99 years Oct 30 570 1,028,000 - 1,802 Uncompleted New Sale STIRLING RESIDENCES Apartment 99 years Nov 2 764 1,504,000 - 1,968 Uncompleted New Sale THE WOODLEIGH RESIDENCES Apartment 99 years Oct 31 700 1,299,000 - 1,857 Uncompleted New Sale STIRLING RESIDENCES Apartment 99 years Nov 3 689 1,312,000 - 1,904 Uncompleted New Sale THE WOODLEIGH RESIDENCES Apartment 99 years Nov 1 570 1,088,000 - 1,907 Uncompleted New Sale STIRLING RESIDENCES Apartment 99 years Nov 3 980 1,843,000 - 1,882 Uncompleted New Sale THE WOODLEIGH RESIDENCES Apartment 99 years Nov 2 667 1,250,000 - 1,873 Uncompleted New Sale THE ANCHORAGE Condominium Freehold Nov 4 1,259 1,848,888 - 1,468 1997 Resale WOODSVILLE 28 Apartment 99 years Oct 30 1,033 1,388,000 - 1,343 2011 Resale THE CREST Condominium 99 years Nov 4 947 2,085,000 - 2,201 2017 Resale WOODSVILLE 28 Apartment 99 years Oct 31 1,184 1,420,000 - 1,199 2011 Resale District 4 District 14 CARIBBEAN AT KEPPEL BAY Condominium 99 years Oct 29 840 1,470,000 - 1,751 2004 Resale ASTOR Apartment 99 years Oct 30 861 750,000 - 871 2006 Resale MOUNT FABER LODGE Condominium Freehold Oct 30 3,703 4,400,000 - 1,188 1983 Resale BEAU VISTA Terrace Freehold Nov 4 2,486 1,900,000 - 764 2008 Resale BUKIT TERESA CLOSE Semi-Detached Freehold Oct 31 4,435 1,713,900 - 386 1996 Resale LORONG MELAYU Terrace Freehold Oct 29 2,034 3,550,000 - 1,746 1971 Resale SEASCAPE Condominium 99 years Nov 5 2,164 4,388,000 - 2,028 2011 Resale JALAN SINGA Semi-Detached Freehold Oct 30 3,660 3,350,000 - 915 1988 Resale District 5 JALAN PARAS Terrace Freehold Nov 5 1,884 2,600,000 - 1,377 Unknown Resale BIJOU Apartment Freehold Oct 30 614 1,265,309 1,259,338 2,053 2018 New Sale PARC ESTA Apartment 99 years Oct 29 1,023 1,654,000 - 1,617 Uncompleted New Sale BLUE HORIZON Condominium 99 years Oct 30 969 990,000 - 1,022 2005 Resale PARC ESTA Apartment 99 years Oct 29 743 1,275,000 - 1,717 Uncompleted New Sale DOVER PARKVIEW Condominium 99 years Oct 30 936 1,088,000 - 1,162 1997 Resale PARC ESTA Apartment 99 years Oct 29 635 1,042,000 - 1,641 Uncompleted New Sale KENT RIDGE HILL RESIDENCES Apartment 99 years Nov 2 474 832,000 - 1,757 Uncompleted New Sale PARC ESTA Apartment 99 years Oct 29 1,119 1,771,000 - 1,582 Uncompleted New Sale KENT RIDGE HILL RESIDENCES Apartment 99 years Nov 3 474 835,000 - 1,763 Uncompleted New Sale PARC ESTA Apartment 99 years Oct 29 753 1,188,000 - 1,577 Uncompleted New Sale PARC CLEMATIS Apartment 99 years Oct 31 721 1,134,000 - 1,572 Uncompleted New Sale PARC ESTA Apartment 99 years Oct 29 700 1,177,000 - 1,682 Uncompleted New Sale PARC CLEMATIS Apartment 99 years Nov 1 721 1,136,000 - 1,575 Uncompleted New Sale PARC ESTA Apartment 99 years Oct 29 1,119 1,820,000 - 1,626 Uncompleted New Sale PARC CLEMATIS Apartment 99 years Nov 1 517 823,000 - 1,593 Uncompleted New Sale PARC ESTA Apartment 99 years Oct 30 743 1,301,000 - 1,752 Uncompleted New Sale PARC CLEMATIS Apartment 99 years Nov 1 517 861,000 - 1,666 Uncompleted New Sale PARC ESTA Apartment 99 years Oct 30 1,399 2,279,000 - 1,629 Uncompleted New Sale PARC CLEMATIS Apartment 99 years Nov 1 883 1,399,000 - 1,585 Uncompleted New Sale PARC ESTA Apartment 99 years Oct 30 420 768,000 - 1,829 Uncompleted New Sale PARC CLEMATIS Apartment 99 years Nov 2 721 1,150,000 - 1,595 Uncompleted New Sale PARC ESTA Apartment 99 years Oct 30 635 1,109,000 - 1,746 Uncompleted New Sale PARC CLEMATIS Apartment 99 years Nov 3 743 1,219,000 - 1,641 Uncompleted New Sale PARC ESTA Apartment 99 years Oct 30 635 1,079,000 - 1,699 Uncompleted New Sale THE TRILINQ Condominium 99 years Nov 4 1,345 1,755,000 - 1,304 2017 Resale PARC ESTA Apartment 99 years Oct 30 1,119 1,813,000 - 1,620 Uncompleted New Sale TWIN VEW Apartment 99 years Oct 29 732 1,100,000 - 1,503 Uncompleted New Sale PARC ESTA Apartment 99 years Oct 30 829 1,351,000 - 1,630 Uncompleted New Sale WEST COAST GARDENS Terrace 956 years Oct 29 1,981 2,400,000 - 1,210 1976 Resale PARC ESTA Apartment 99 years Oct 31 743 1,225,000 - 1,649 Uncompleted New Sale WHISTLER GRAND Apartment 99 years Oct 31 614 929,880 - 1,516 Uncompleted New Sale PARC ESTA Apartment 99 years Oct 31 1,001 1,620,000 - 1,618 Uncompleted New Sale WHISTLER GRAND Apartment 99 years Oct 31 1,281 1,773,660 - 1,385 Uncompleted New Sale PARC ESTA Apartment 99 years Oct 31 452 821,000 - 1,816 Uncompleted New Sale District 7 PARC ESTA Apartment 99 years Oct 31 635 1,095,000 - 1,724 Uncompleted New Sale MIDTOWN BAY Apartment 99 years Nov 3 409 1,350,500 1,314,500 3,214 Uncompleted New Sale PARC ESTA Apartment 99 years Oct 31 635 1,132,000 - 1,782 Uncompleted New Sale SOUTH BEACH RESIDENCES Apartment 99 years Oct 29 1,798 6,237,000 - 3,470 2016 Resale PARC ESTA Apartment 99 years Oct 31 635 1,126,000 - 1,773 Uncompleted New Sale District 8 PARC ESTA Apartment 99 years Nov 1 743 1,257,000 - 1,692 Uncompleted New Sale TRURO ROAD Semi-Detached Freehold Nov 4 3,122 4,000,088 - 1,282 2012 Resale PARC ESTA Apartment 99 years Nov 1 527 974,000 - 1,847 Uncompleted New Sale UPTOWN @ FARRER Apartment 99 years Oct 30 538 1,013,094 - 1,882 Uncompleted New Sale PARC ESTA Apartment 99 years Nov 1 420 771,000 - 1,837 Uncompleted New Sale UPTOWN @ FARRER Apartment 99 years Oct 30 538 998,000 - 1,854 Uncompleted New Sale PARC ESTA Apartment 99 years Nov 1 635 1,062,000 - 1,672 Uncompleted New Sale District 9 PARC ESTA Apartment 99 years Nov 1 829 1,339,000 - 1,616 Uncompleted New Sale 8 @ MOUNT SOPHIA Condominium 103 years Nov 5 1,453 2,100,000 - 1,445 2007 Resale PARC ESTA Apartment 99 years Nov 2 1,055 1,586,000 - 1,503 Uncompleted New Sale 8 SAINT THOMAS Condominium Freehold Nov 4 1,044 2,868,000 - 2,747 2018 Resale PARC ESTA Apartment 99 years Nov 2 635 1,081,000 - 1,702 Uncompleted New Sale 8 SAINT THOMAS Condominium Freehold Nov 4 506 1,580,000 - 3,123 2018 Resale PARC ESTA Apartment 99 years Nov 2 635 1,071,000 - 1,686 Uncompleted New Sale 8 SAINT THOMAS Condominium Freehold Nov 4 549 1,780,000 - 3,242 2018 Resale PARC ESTA Apartment 99 years Nov 2 958 1,572,000 - 1,641 Uncompleted New Sale CAIRNHILL PLAZA Apartment Freehold Nov 5 2,820 4,680,000 - 1,659 1978 Resale PARC ESTA Apartment 99 years Nov 3 635 1,099,000 - 1,731 Uncompleted New Sale MARTIN MODERN Condominium 99 years Oct 30 764 1,993,100 - 2,608 Uncompleted New Sale PARC ESTA Apartment 99 years Nov 3 1,119 1,759,000 - 1,571 Uncompleted New Sale MARTIN MODERN Condominium 99 years Nov 1 764 2,129,000 - 2,786 Uncompleted New Sale PARC ESTA Apartment 99 years Nov 3 829 1,351,000 - 1,630 Uncompleted New Sale MARTIN MODERN Condominium 99 years Nov 1 1,399 3,400,000 - 2,430 Uncompleted Sub Sale PARC ESTA Apartment 99 years Nov 3 829 1,347,000 - 1,625 Uncompleted New Sale PATERSON LINC Apartment Freehold Nov 1 850 1,750,000 - 2,058 2010 Resale PARC ESTA Apartment 99 years Nov 3 635 1,122,000 - 1,767 Uncompleted New Sale RIVERGATE Apartment Freehold Oct 31 3,143 6,800,000 - 2,163 2009 Resale PARC ESTA Apartment 99 years Nov 3 452 833,000 - 1,843 Uncompleted New Sale RV ALTITUDE Apartment Freehold Nov 1 441 1,352,000 - 3,064 Uncompleted New Sale PARC ESTA Apartment 99 years Nov 3 732 1,263,000 - 1,726 Uncompleted New Sale THE EDGE ON CAIRNHILL Condominium Freehold Oct 30 2,142 4,030,000 - 1,881 2002 Resale PARC ESTA Apartment 99 years Nov 3 452 830,000 - 1,836 Uncompleted New Sale THE ORCHARD RESIDENCES Apartment 99 years Oct 29 2,465 8,300,000 - 3,367 2010 Resale PARC ESTA Apartment 99 years Nov 3 452 833,000 - 1,843 Uncompleted New Sale TRIBECA Condominium Freehold Oct 30 570 1,265,000 - 2,217 2010 Resale REZI 24 Apartment Freehold Oct 29 646 993,000 - 1,538 Uncompleted New Sale District 10 SIN CHUAN GARDEN Semi-Detached Freehold Nov 5 3,014 3,200,000 - 1,061 1983 Resale 3 CUSCADEN Apartment Freehold Oct 30 474 1,552,361 - 3,278 Uncompleted New Sale THE ANTARES Apartment 99 years Oct 31 452 789,000 - 1,745 Uncompleted New Sale EDGEPROP | NOVEMBER 18, 2019 • EP13

DONE DEALS

Residential transactions with contracts dated Oct 29 to Nov 5

SALE DATE LAND AREA/ TRANSACTED NETT PRICE UNIT PRICE COMPLETION SALE DATE LAND AREA/ TRANSACTED NETT PRICE UNIT PRICE COMPLETION PROJECT NAME PROPERTY TYPE TENURE (2019) FLOOR AREA(SQ FT) PRICE ($) ($ PSF) ($ PSF) DATE TYPE OF SALE PROJECT NAME PROPERTY TYPE TENURE (2019) FLOOR AREA(SQ FT) PRICE ($) ($ PSF) ($ PSF) DATE TYPE OF SALE District 15 RIVERFRONT RESIDENCES Apartment 99 years Nov 1 915 1,205,000 - 1,317 Uncompleted New Sale AMBER PARK Condominium Freehold Oct 29 1,109 2,783,160 - 2,510 Uncompleted New Sale RIVERFRONT RESIDENCES Apartment 99 years Nov 2 721 920,000 - 1,276 Uncompleted New Sale AMBER PARK Condominium Freehold Oct 29 678 1,652,000 - 2,436 Uncompleted New Sale RIVERFRONT RESIDENCES Apartment 99 years Nov 2 1,679 2,148,000 - 1,279 Uncompleted New Sale AMBER PARK Condominium Freehold Oct 29 700 1,661,000 - 2,374 Uncompleted New Sale RIVERFRONT RESIDENCES Apartment 99 years Nov 3 463 657,000 - 1,419 Uncompleted New Sale AMBER PARK Condominium Freehold Oct 30 753 1,744,800 - 2,316 Uncompleted New Sale RIVERFRONT RESIDENCES Apartment 99 years Nov 3 1,066 1,344,000 - 1,261 Uncompleted New Sale AMBER PARK Condominium Freehold Nov 2 484 1,188,800 - 2,454 Uncompleted New Sale RIVERFRONT RESIDENCES Apartment 99 years Nov 3 517 742,000 - 1,436 Uncompleted New Sale AMBER PARK Condominium Freehold Nov 2 700 1,707,480 - 2,440 Uncompleted New Sale SENGKANG GRAND RESIDENCES Apartment 99 years Nov 1 624 1,052,800 - 1,686 Uncompleted New Sale AQUARINE GARDENS Apartment Freehold Nov 5 732 825,000 - 1,127 2004 Resale SENGKANG GRAND RESIDENCES Apartment 99 years Nov 1 678 1,148,000 - 1,693 Uncompleted New Sale DUNMAN VIEW Condominium 99 years Oct 30 1,173 1,290,000 - 1,099 2004 Resale SENGKANG GRAND RESIDENCES Apartment 99 years Nov 1 506 933,600 - 1,845 Uncompleted New Sale EURO-ASIA LODGE Apartment Freehold Oct 29 1,356 1,468,000 - 1,082 1998 Resale SENGKANG GRAND RESIDENCES Apartment 99 years Nov 1 624 1,141,600 - 1,829 Uncompleted New Sale FRANKEL ESTATE Semi-Detached Freehold Oct 30 4,209 4,950,000 - 1,178 1956 Resale SENGKANG GRAND RESIDENCES Apartment 99 years Nov 1 624 1,154,400 - 1,849 Uncompleted New Sale FRANKEL ESTATE Terrace Freehold Nov 1 1,593 3,000,000 - 1,883 1956 Resale SENGKANG GRAND RESIDENCES Apartment 99 years Nov 1 624 1,016,800 - 1,629 Uncompleted New Sale LAGOON VIEW Apartment 99 years Oct 29 1,647 1,490,000 - 905 Unknown Resale SENGKANG GRAND RESIDENCES Apartment 99 years Nov 1 624 1,004,000 - 1,608 Uncompleted New Sale LAGOON VIEW Apartment 99 years Oct 29 1,647 1,456,000 - 884 Unknown Resale SENGKANG GRAND RESIDENCES Apartment 99 years Nov 1 624 1,022,400 - 1,638 Uncompleted New Sale LAGUNA PARK Apartment 99 years Oct 30 1,615 1,650,000 - 1,022 1978 Resale SENGKANG GRAND RESIDENCES Apartment 99 years Nov 1 624 998,000 - 1,599 Uncompleted New Sale MANDARIN GARDENS Condominium 99 years Oct 29 3,068 2,700,000 - 880 1986 Resale SENGKANG GRAND RESIDENCES Apartment 99 years Nov 1 936 1,593,600 - 1,702 Uncompleted New Sale SIGLAP ROAD Semi-Detached Freehold Oct 31 3,531 3,300,000 - 935 Unknown Resale SENGKANG GRAND RESIDENCES Apartment 99 years Nov 1 936 1,600,800 - 1,709 Uncompleted New Sale OLA RESIDENCES Condominium Freehold Nov 4 1,442 1,420,000 - 984 2011 Resale SENGKANG GRAND RESIDENCES Apartment 99 years Nov 1 764 1,332,000 - 1,743 Uncompleted New Sale OLLOI Apartment Freehold Nov 1 1,302 2,091,870 - 1,606 Uncompleted New Sale SENGKANG GRAND RESIDENCES Apartment 99 years Nov 1 764 1,356,800 - 1,775 Uncompleted New Sale ONE MEYER Apartment Freehold Nov 3 614 1,642,000 - 2,676 Uncompleted New Sale SENGKANG GRAND RESIDENCES Apartment 99 years Nov 1 474 798,000 - 1,685 Uncompleted New Sale PALAZZETTO Apartment Freehold Oct 29 818 1,200,000 - 1,467 2002 Resale SENGKANG GRAND RESIDENCES Apartment 99 years Nov 1 474 808,000 - 1,706 Uncompleted New Sale PEBBLE BAY Condominium 99 years Nov 1 2,088 3,100,000 - 1,485 1997 Resale SENGKANG GRAND RESIDENCES Apartment 99 years Nov 1 474 803,200 - 1,696 Uncompleted New Sale QUESTA @ DUNMAN Apartment Freehold Oct 29 753 1,170,000 - 1,553 2013 Resale SENGKANG GRAND RESIDENCES Apartment 99 years Nov 1 474 828,000 - 1,748 Uncompleted New Sale SEASIDE RESIDENCES Apartment 99 years Nov 1 1,485 2,820,760 - 1,899 Uncompleted New Sale SENGKANG GRAND RESIDENCES Apartment 99 years Nov 1 474 865,600 - 1,828 Uncompleted New Sale THE ARISTO @ AMBER Apartment Freehold Oct 29 710 1,000,000 - 1,408 2013 Resale SENGKANG GRAND RESIDENCES Apartment 99 years Nov 2 1,055 1,765,600 - 1,674 Uncompleted New Sale THE SEAFRONT ON MEYER Condominium Freehold Oct 29 1,604 2,800,000 - 1,746 2010 Resale SENGKANG GRAND RESIDENCES Apartment 99 years Nov 2 1,055 1,789,600 - 1,697 Uncompleted New Sale THE VESTA Apartment Freehold Oct 29 1,141 1,230,000 - 1,078 2008 Resale SENGKANG GRAND RESIDENCES Apartment 99 years Nov 2 947 1,587,200 - 1,676 Uncompleted New Sale THE WATERSIDE Condominium Freehold Oct 30 2,142 3,550,000 - 1,657 1993 Resale SENGKANG GRAND RESIDENCES Apartment 99 years Nov 2 947 1,619,200 - 1,709 Uncompleted New Sale THE WATERSIDE Condominium Freehold Nov 5 2,400 3,500,000 - 1,458 1993 Resale SENGKANG GRAND RESIDENCES Apartment 99 years Nov 2 947 1,595,200 - 1,684 Uncompleted New Sale TREESCAPE Apartment Freehold Nov 4 700 995,000 - 1,422 2014 Resale SENGKANG GRAND RESIDENCES Apartment 99 years Nov 2 506 918,400 - 1,815 Uncompleted New Sale TROPICS @ HAIGSVILLE Apartment Freehold Oct 29 581 670,000 - 1,153 2009 Resale SENGKANG GRAND RESIDENCES Apartment 99 years Nov 2 506 877,600 - 1,735 Uncompleted New Sale VERANDA Apartment Freehold Oct 30 1,087 1,140,000 - 1,049 2004 Resale SENGKANG GRAND RESIDENCES Apartment 99 years Nov 2 506 888,000 - 1,755 Uncompleted New Sale District 16 SENGKANG GRAND RESIDENCES Apartment 99 years Nov 2 506 903,200 - 1,785 Uncompleted New Sale ARCHIPELAGO Condominium 99 years Oct 30 1,033 1,070,000 - 1,035 2015 Resale SENGKANG GRAND RESIDENCES Apartment 99 years Nov 2 506 883,200 - 1,746 Uncompleted New Sale BAYSHORE PARK Condominium 99 years Nov 5 936 920,000 - 982 1986 Resale SENGKANG GRAND RESIDENCES Apartment 99 years Nov 2 506 913,600 - 1,806 Uncompleted New Sale COSTA DEL SOL Condominium 99 years Nov 4 1,324 1,660,000 - 1,254 2003 Resale SENGKANG GRAND RESIDENCES Apartment 99 years Nov 2 506 908,000 - 1,795 Uncompleted New Sale EAST VILLAGE Apartment Freehold Nov 4 1,206 1,230,000 - 1,020 2014 Resale SENGKANG GRAND RESIDENCES Apartment 99 years Nov 2 764 1,319,200 - 1,726 Uncompleted New Sale KEW GREEN Condominium 99 years Nov 1 2,917 1,750,000 - 600 1997 Resale SENGKANG GRAND RESIDENCES Apartment 99 years Nov 2 764 1,293,600 - 1,693 Uncompleted New Sale JALAN BILAL Terrace Freehold Oct 31 2,228 2,600,000 - 1,169 1998 Resale SENGKANG GRAND RESIDENCES Apartment 99 years Nov 2 624 1,052,800 - 1,686 Uncompleted New Sale OPTIMA @ TANAH MERAH Condominium 99 years Nov 1 969 1,120,000 - 1,156 2012 Resale SENGKANG GRAND RESIDENCES Apartment 99 years Nov 2 624 1,082,400 - 1,734 Uncompleted New Sale PEAKVIEW ESTATE Terrace Freehold Nov 4 1,744 2,570,000 - 1,472 1979 Resale SENGKANG GRAND RESIDENCES Apartment 99 years Nov 2 624 1,047,200 - 1,677 Uncompleted New Sale SUNHAVEN Condominium Freehold Oct 29 1,281 1,240,000 - 968 2002 Resale SENGKANG GRAND RESIDENCES Apartment 99 years Nov 2 624 1,094,400 - 1,753 Uncompleted New Sale SUNHAVEN Condominium Freehold Oct 30 2,077 1,600,000 - 770 2002 Resale SENGKANG GRAND RESIDENCES Apartment 99 years Nov 2 624 1,076,800 - 1,725 Uncompleted New Sale District 17 SENGKANG GRAND RESIDENCES Apartment 99 years Nov 2 624 1,064,800 - 1,706 Uncompleted New Sale THE JOVELL Condominium 99 years Oct 30 1,270 1,520,000 - 1,197 Uncompleted New Sale SENGKANG GRAND RESIDENCES Apartment 99 years Nov 2 624 1,059,200 - 1,697 Uncompleted New Sale THE JOVELL Condominium 99 years Nov 1 1,033 1,250,000 - 1,210 Uncompleted New Sale SENGKANG GRAND RESIDENCES Apartment 99 years Nov 2 624 1,070,400 - 1,715 Uncompleted New Sale District 18 SENGKANG GRAND RESIDENCES Apartment 99 years Nov 2 624 1,088,800 - 1,744 Uncompleted New Sale SENGKANG GRAND RESIDENCES Apartment 99 years Nov 2 732 1,301,600 - 1,778 Uncompleted New Sale ARC AT TAMPINES EC 99 years Oct 29 807 788,000 - 976 2014 Resale SENGKANG GRAND RESIDENCES Apartment 99 years Nov 2 732 1,346,400 - 1,839 Uncompleted New Sale CHANGI RISE CONDOMINIUM Condominium 99 years Nov 5 1,259 980,000 - 778 2004 Resale SENGKANG GRAND RESIDENCES Apartment 99 years Nov 2 732 1,308,000 - 1,787 Uncompleted New Sale COCO PALMS Condominium 99 years Nov 1 1,259 1,600,000 - 1,270 2018 Resale SENGKANG GRAND RESIDENCES Apartment 99 years Nov 2 732 1,295,200 - 1,770 Uncompleted New Sale EASTPOINT GREEN Condominium 99 years Oct 29 1,130 888,888 - 786 1999 Resale SENGKANG GRAND RESIDENCES Apartment 99 years Nov 2 732 1,327,200 - 1,813 Uncompleted New Sale EASTPOINT GREEN Condominium 99 years Oct 31 969 740,000 - 764 1999 Resale SENGKANG GRAND RESIDENCES Apartment 99 years Nov 2 732 1,340,000 - 1,831 Uncompleted New Sale EASTPOINT GREEN Condominium 99 years Nov 1 2,099 1,600,000 - 762 1999 Resale SENGKANG GRAND RESIDENCES Apartment 99 years Nov 2 732 1,320,800 - 1,804 Uncompleted New Sale PINEVALE EC 99 years Nov 5 1,625 1,125,000 - 692 1999 Resale SENGKANG GRAND RESIDENCES Apartment 99 years Nov 2 732 1,333,600 - 1,822 Uncompleted New Sale THE TAPESTRY Condominium 99 years Nov 1 603 870,020 - 1,443 Uncompleted New Sale SENGKANG GRAND RESIDENCES Apartment 99 years Nov 2 732 1,314,400 - 1,796 Uncompleted New Sale THE TAPESTRY Condominium 99 years Nov 2 603 750,300 - 1,245 Uncompleted New Sale SENGKANG GRAND RESIDENCES Apartment 99 years Nov 2 624 1,123,200 - 1,799 Uncompleted New Sale THE TAPESTRY Condominium 99 years Nov 3 603 862,650 - 1,431 Uncompleted New Sale SENGKANG GRAND RESIDENCES Apartment 99 years Nov 2 624 1,136,000 - 1,820 Uncompleted New Sale TREASURE AT TAMPINES Condominium 99 years Oct 29 678 930,000 - 1,371 Uncompleted New Sale SENGKANG GRAND RESIDENCES Apartment 99 years Nov 2 624 1,116,800 - 1,789 Uncompleted New Sale TREASURE AT TAMPINES Condominium 99 years Oct 29 463 668,000 - 1,443 Uncompleted New Sale SENGKANG GRAND RESIDENCES Apartment 99 years Nov 2 624 1,129,600 - 1,809 Uncompleted New Sale TREASURE AT TAMPINES Condominium 99 years Oct 29 1,033 1,361,000 - 1,317 Uncompleted New Sale SENGKANG GRAND RESIDENCES Apartment 99 years Nov 2 624 1,148,000 - 1,839 Uncompleted New Sale TREASURE AT TAMPINES Condominium 99 years Oct 30 1,722 2,130,000 - 1,237 Uncompleted New Sale SENGKANG GRAND RESIDENCES Apartment 99 years Nov 2 1,313 2,269,600 - 1,728 Uncompleted New Sale TREASURE AT TAMPINES Condominium 99 years Oct 30 678 935,000 - 1,379 Uncompleted New Sale SENGKANG GRAND RESIDENCES Apartment 99 years Nov 2 624 1,093,600 - 1,752 Uncompleted New Sale TREASURE AT TAMPINES Condominium 99 years Oct 30 1,281 1,673,000 - 1,306 Uncompleted New Sale SENGKANG GRAND RESIDENCES Apartment 99 years Nov 2 624 1,051,200 - 1,684 Uncompleted New Sale TREASURE AT TAMPINES Condominium 99 years Oct 30 915 1,280,000 - 1,399 Uncompleted New Sale SENGKANG GRAND RESIDENCES Apartment 99 years Nov 2 1,324 2,234,400 - 1,688 Uncompleted New Sale TREASURE AT TAMPINES Condominium 99 years Oct 31 463 664,000 - 1,435 Uncompleted New Sale SENGKANG GRAND RESIDENCES Apartment 99 years Nov 2 764 1,331,200 - 1,742 Uncompleted New Sale TREASURE AT TAMPINES Condominium 99 years Oct 31 1,238 1,683,000 - 1,360 Uncompleted New Sale SENGKANG GRAND RESIDENCES Apartment 99 years Nov 2 764 1,312,800 - 1,718 Uncompleted New Sale TREASURE AT TAMPINES Condominium 99 years Oct 31 1,238 1,655,000 - 1,337 Uncompleted New Sale SENGKANG GRAND RESIDENCES Apartment 99 years Nov 2 764 1,324,800 - 1,733 Uncompleted New Sale TREASURE AT TAMPINES Condominium 99 years Oct 31 1,033 1,415,000 - 1,369 Uncompleted New Sale SENGKANG GRAND RESIDENCES Apartment 99 years Nov 2 764 1,300,800 - 1,702 Uncompleted New Sale TREASURE AT TAMPINES Condominium 99 years Oct 31 678 951,000 - 1,402 Uncompleted New Sale SENGKANG GRAND RESIDENCES Apartment 99 years Nov 2 764 1,306,400 - 1,709 Uncompleted New Sale TREASURE AT TAMPINES Condominium 99 years Oct 31 915 1,117,000 - 1,221 Uncompleted New Sale SENGKANG GRAND RESIDENCES Apartment 99 years Nov 2 764 1,319,200 - 1,726 Uncompleted New Sale TREASURE AT TAMPINES Condominium 99 years Oct 31 463 667,000 - 1,441 Uncompleted New Sale SENGKANG GRAND RESIDENCES Apartment 99 years Nov 2 764 1,294,400 - 1,694 Uncompleted New Sale TREASURE AT TAMPINES Condominium 99 years Oct 31 463 675,000 - 1,458 Uncompleted New Sale SENGKANG GRAND RESIDENCES Apartment 99 years Nov 2 764 1,294,400 - 1,694 Uncompleted New Sale TREASURE AT TAMPINES Condominium 99 years Oct 31 463 656,000 - 1,417 Uncompleted New Sale SENGKANG GRAND RESIDENCES Apartment 99 years Nov 2 764 1,306,400 - 1,709 Uncompleted New Sale TREASURE AT TAMPINES Condominium 99 years Oct 31 463 656,000 - 1,417 Uncompleted New Sale SENGKANG GRAND RESIDENCES Apartment 99 years Nov 2 495 880,800 - 1,779 Uncompleted New Sale TREASURE AT TAMPINES Condominium 99 years Nov 1 463 672,000 - 1,452 Uncompleted New Sale SENGKANG GRAND RESIDENCES Apartment 99 years Nov 2 495 876,000 - 1,769 Uncompleted New Sale TREASURE AT TAMPINES Condominium 99 years Nov 2 1,033 1,385,000 - 1,340 Uncompleted New Sale SENGKANG GRAND RESIDENCES Apartment 99 years Nov 2 495 896,000 - 1,810 Uncompleted New Sale TREASURE AT TAMPINES Condominium 99 years Nov 2 657 887,000 - 1,351 Uncompleted New Sale SENGKANG GRAND RESIDENCES Apartment 99 years Nov 2 495 855,200 - 1,727 Uncompleted New Sale TREASURE AT TAMPINES Condominium 99 years Nov 2 592 832,000 - 1,405 Uncompleted New Sale SENGKANG GRAND RESIDENCES Apartment 99 years Nov 2 495 870,400 - 1,758 Uncompleted New Sale TREASURE AT TAMPINES Condominium 99 years Nov 2 463 676,000 - 1,461 Uncompleted New Sale SENGKANG GRAND RESIDENCES Apartment 99 years Nov 2 495 890,400 - 1,798 Uncompleted New Sale TREASURE AT TAMPINES Condominium 99 years Nov 2 463 667,000 - 1,441 Uncompleted New Sale SENGKANG GRAND RESIDENCES Apartment 99 years Nov 2 495 865,600 - 1,748 Uncompleted New Sale District 19 SENGKANG GRAND RESIDENCES Apartment 99 years Nov 2 495 860,800 - 1,738 Uncompleted New Sale 8 ON CHUAN Terrace 99 years Oct 30 2,024 2,180,000 - 1,078 2004 Resale SENGKANG GRAND RESIDENCES Apartment 99 years Nov 2 495 885,600 - 1,789 Uncompleted New Sale AFFINITY AT SERANGOON Apartment 99 years Oct 29 538 795,000 - 1,477 Uncompleted New Sale SENGKANG GRAND RESIDENCES Apartment 99 years Nov 2 474 826,400 - 1,745 Uncompleted New Sale AFFINITY AT SERANGOON Apartment 99 years Oct 30 904 1,461,000 - 1,616 Uncompleted New Sale SENGKANG GRAND RESIDENCES Apartment 99 years Nov 2 474 821,600 - 1,735 Uncompleted New Sale AFFINITY AT SERANGOON Apartment 99 years Nov 1 1,076 1,586,000 - 1,473 Uncompleted New Sale SENGKANG GRAND RESIDENCES Apartment 99 years Nov 2 624 1,028,000 - 1,647 Uncompleted New Sale AFFINITY AT SERANGOON Apartment 99 years Nov 2 1,152 1,719,000 - 1,493 Uncompleted New Sale SENGKANG GRAND RESIDENCES Apartment 99 years Nov 2 624 1,044,800 - 1,674 Uncompleted New Sale AFFINITY AT SERANGOON Apartment 99 years Nov 2 1,152 1,695,000 - 1,472 Uncompleted New Sale SENGKANG GRAND RESIDENCES Apartment 99 years Nov 2 624 1,062,400 - 1,702 Uncompleted New Sale AFFINITY AT SERANGOON Apartment 99 years Nov 3 538 789,000 - 1,466 Uncompleted New Sale SENGKANG GRAND RESIDENCES Apartment 99 years Nov 2 624 1,039,200 - 1,665 Uncompleted New Sale AFFINITY AT SERANGOON Apartment 99 years Nov 3 624 1,038,000 - 1,663 Uncompleted New Sale SENGKANG GRAND RESIDENCES Apartment 99 years Nov 2 624 1,051,200 - 1,684 Uncompleted New Sale AFFINITY AT SERANGOON Apartment 99 years Nov 3 850 1,312,000 - 1,543 Uncompleted New Sale SENGKANG GRAND RESIDENCES Apartment 99 years Nov 2 624 1,056,800 - 1,693 Uncompleted New Sale AUSTVILLE RESIDENCES EC 99 years Oct 31 1,023 908,000 - 888 2014 Resale SENGKANG GRAND RESIDENCES Apartment 99 years Nov 2 936 1,569,600 - 1,676 Uncompleted New Sale AUSTVILLE RESIDENCES EC 99 years Oct 31 1,023 900,000 - 880 2014 Resale SENGKANG GRAND RESIDENCES Apartment 99 years Nov 2 936 1,529,600 - 1,633 Uncompleted New Sale BOATHOUSE RESIDENCES Condominium 99 years Oct 30 710 740,000 - 1,042 2015 Resale SENGKANG GRAND RESIDENCES Apartment 99 years Nov 2 474 863,200 - 1,823 Uncompleted New Sale BOTANIQUE AT BARTLEY Condominium 99 years Oct 30 495 735,000 - 1,484 2019 Sub Sale SENGKANG GRAND RESIDENCES Apartment 99 years Nov 2 1,012 1,792,000 - 1,771 Uncompleted New Sale EVANIA Apartment Freehold Oct 29 2,303 1,900,000 - 825 2010 Resale SENGKANG GRAND RESIDENCES Apartment 99 years Nov 2 936 1,561,600 - 1,668 Uncompleted New Sale ISUITES @ PALM Apartment 999 years Nov 4 431 575,000 - 1,335 2013 Resale SENGKANG GRAND RESIDENCES Apartment 99 years Nov 2 474 816,800 - 1,725 Uncompleted New Sale KOVAN RESIDENCES Condominium 99 years Oct 30 1,270 1,435,000 - 1,130 2011 Resale SENGKANG GRAND RESIDENCES Apartment 99 years Nov 2 474 821,600 - 1,735 Uncompleted New Sale JALAN TELITI Semi-Detached Freehold Oct 29 3,746 1,262,388 - 337 1983 Resale SENGKANG GRAND RESIDENCES Apartment 99 years Nov 2 474 811,200 - 1,713 Uncompleted New Sale RICHARDS PLACE Terrace Freehold Oct 30 1,873 2,200,000 - 1,173 Unknown Resale SENGKANG GRAND RESIDENCES Apartment 99 years Nov 2 474 826,400 - 1,745 Uncompleted New Sale FLORENCE CLOSE Terrace Freehold Nov 1 2,185 2,350,000 - 1,075 Unknown Resale SENGKANG GRAND RESIDENCES Apartment 99 years Nov 2 474 841,600 - 1,777 Uncompleted New Sale FLORENCE CLOSE Terrace Freehold Nov 1 2,164 2,250,000 - 1,040 Unknown Resale SENGKANG GRAND RESIDENCES Apartment 99 years Nov 2 474 821,600 - 1,735 Uncompleted New Sale PILLAI ROAD Apartment 999 years Nov 4 1,528 870,000 - 569 Unknown Resale SENGKANG GRAND RESIDENCES Apartment 99 years Nov 2 474 816,800 - 1,725 Uncompleted New Sale PARK GREEN EC 99 years Oct 31 1,367 1,053,000 - 770 2004 Resale SENGKANG GRAND RESIDENCES Apartment 99 years Nov 2 474 851,200 - 1,797 Uncompleted New Sale PIERMONT GRAND EC 99 years Oct 31 1,335 1,512,900 - 1,133 Uncompleted New Sale SENGKANG GRAND RESIDENCES Apartment 99 years Nov 2 1,012 1,740,000 - 1,720 Uncompleted New Sale PIERMONT GRAND EC 99 years Oct 31 947 1,001,600 - 1,057 Uncompleted New Sale SENGKANG GRAND RESIDENCES Apartment 99 years Nov 2 1,324 2,198,400 - 1,660 Uncompleted New Sale PIERMONT GRAND EC 99 years Nov 1 1,130 1,200,600 - 1,062 Uncompleted New Sale SENGKANG GRAND RESIDENCES Apartment 99 years Nov 2 764 1,312,800 - 1,718 Uncompleted New Sale PIERMONT GRAND EC 99 years Nov 2 1,356 1,432,800 - 1,056 Uncompleted New Sale SENGKANG GRAND RESIDENCES Apartment 99 years Nov 2 764 1,306,400 - 1,709 Uncompleted New Sale PIERMONT GRAND EC 99 years Nov 2 990 1,066,300 - 1,077 Uncompleted New Sale SENGKANG GRAND RESIDENCES Apartment 99 years Nov 2 764 1,300,800 - 1,702 Uncompleted New Sale PIERMONT GRAND EC 99 years Nov 3 1,335 1,489,600 - 1,116 Uncompleted New Sale SENGKANG GRAND RESIDENCES Apartment 99 years Nov 2 764 1,337,600 - 1,750 Uncompleted New Sale PIERMONT GRAND EC 99 years Nov 3 904 975,200 - 1,079 Uncompleted New Sale SENGKANG GRAND RESIDENCES Apartment 99 years Nov 2 764 1,344,800 - 1,760 Uncompleted New Sale REGENTVILLE Apartment 99 years Nov 5 1,152 875,000 - 760 1999 Resale SENGKANG GRAND RESIDENCES Apartment 99 years Nov 2 764 1,326,400 - 1,736 Uncompleted New Sale RIVERFRONT RESIDENCES Apartment 99 years Oct 29 517 714,000 - 1,382 Uncompleted New Sale SENGKANG GRAND RESIDENCES Apartment 99 years Nov 2 764 1,338,400 - 1,751 Uncompleted New Sale RIVERFRONT RESIDENCES Apartment 99 years Oct 31 1,109 1,393,995 - 1,257 Uncompleted New Sale SENGKANG GRAND RESIDENCES Apartment 99 years Nov 2 1,023 1,748,800 - 1,710 Uncompleted New Sale RIVERFRONT RESIDENCES Apartment 99 years Nov 1 517 732,000 - 1,417 Uncompleted New Sale SENGKANG GRAND RESIDENCES Apartment 99 years Nov 2 1,023 1,773,600 - 1,734 Uncompleted New Sale RIVERFRONT RESIDENCES Apartment 99 years Nov 1 872 1,209,000 - 1,387 Uncompleted New Sale SENGKANG GRAND RESIDENCES Apartment 99 years Nov 2 1,023 1,740,000 - 1,702 Uncompleted New Sale RIVERFRONT RESIDENCES Apartment 99 years Nov 1 635 741,000 - 1,167 Uncompleted New Sale SENGKANG GRAND RESIDENCES Apartment 99 years Nov 2 1,012 1,708,000 - 1,688 Uncompleted New Sale EP14 • EDGEPROP | NOVEMBER 18, 2019

DONE DEALS

Residential transactions with contracts dated Oct 29 to Nov 5

SALE DATE LAND AREA/ TRANSACTED NETT PRICE UNIT PRICE COMPLETION SALE DATE LAND AREA/ TRANSACTED NETT PRICE UNIT PRICE COMPLETION PROJECT NAME PROPERTY TYPE TENURE (2019) FLOOR AREA(SQ FT) PRICE ($) ($ PSF) ($ PSF) DATE TYPE OF SALE PROJECT NAME PROPERTY TYPE TENURE (2019) FLOOR AREA(SQ FT) PRICE ($) ($ PSF) ($ PSF) DATE TYPE OF SALE SENGKANG GRAND RESIDENCES Apartment 99 years Nov 2 474 828,000 - 1,748 Uncompleted New Sale THE FLORENCE RESIDENCES Apartment 99 years Nov 1 936 1,334,000 - 1,425 Uncompleted New Sale SENGKANG GRAND RESIDENCES Apartment 99 years Nov 2 474 823,200 - 1,738 Uncompleted New Sale THE FLORENCE RESIDENCES Apartment 99 years Nov 3 635 969,000 - 1,526 Uncompleted New Sale SENGKANG GRAND RESIDENCES Apartment 99 years Nov 2 474 813,600 - 1,718 Uncompleted New Sale THE GARDEN RESIDENCES Apartment 99 years Oct 29 614 920,700 - 1,501 Uncompleted New Sale SENGKANG GRAND RESIDENCES Apartment 99 years Nov 2 474 832,800 - 1,758 Uncompleted New Sale THE GARDEN RESIDENCES Apartment 99 years Oct 29 689 1,105,300 - 1,604 Uncompleted New Sale SENGKANG GRAND RESIDENCES Apartment 99 years Nov 2 474 818,400 - 1,728 Uncompleted New Sale THE GARDEN RESIDENCES Apartment 99 years Oct 30 517 794,000 - 1,537 Uncompleted New Sale SENGKANG GRAND RESIDENCES Apartment 99 years Nov 2 474 837,600 - 1,769 Uncompleted New Sale THE GARDEN RESIDENCES Apartment 99 years Nov 2 517 796,400 - 1,541 Uncompleted New Sale SENGKANG GRAND RESIDENCES Apartment 99 years Nov 2 474 822,400 - 1,736 Uncompleted New Sale THE GARDEN RESIDENCES Apartment 99 years Nov 2 614 1,009,100 - 1,645 Uncompleted New Sale SENGKANG GRAND RESIDENCES Apartment 99 years Nov 2 474 848,000 - 1,790 Uncompleted New Sale THE GARDEN RESIDENCES Apartment 99 years Nov 2 689 1,079,500 - 1,567 Uncompleted New Sale SENGKANG GRAND RESIDENCES Apartment 99 years Nov 2 474 843,200 - 1,780 Uncompleted New Sale THE RIVERVALE EC 99 years Nov 1 1,367 1,100,000 - 805 2000 Resale SENGKANG GRAND RESIDENCES Apartment 99 years Nov 2 474 852,800 - 1,801 Uncompleted New Sale THE VUE Apartment Freehold Oct 30 1,023 1,040,000 - 1,017 2013 Resale SENGKANG GRAND RESIDENCES Apartment 99 years Nov 2 474 837,600 - 1,769 Uncompleted New Sale THE WATERLINE Condominium Freehold Nov 1 1,292 1,558,000 - 1,206 2013 Resale SENGKANG GRAND RESIDENCES Apartment 99 years Nov 2 624 1,057,600 - 1,694 Uncompleted New Sale WATERTOWN Apartment 99 years Oct 29 807 1,020,000 - 1,263 2017 Resale SENGKANG GRAND RESIDENCES Apartment 99 years Nov 2 624 1,081,600 - 1,732 Uncompleted New Sale District 20 SENGKANG GRAND RESIDENCES Apartment 99 years Nov 2 624 1,087,200 - 1,741 Uncompleted New Sale CLOVER BY THE PARK Condominium 99 years Nov 1 1,744 2,238,000 - 1,283 2011 Resale SENGKANG GRAND RESIDENCES Apartment 99 years Nov 2 624 1,075,200 - 1,722 Uncompleted New Sale JADESCAPE Condominium 99 years Nov 2 904 1,518,000 - 1,679 Uncompleted New Sale SENGKANG GRAND RESIDENCES Apartment 99 years Nov 2 624 1,093,600 - 1,752 Uncompleted New Sale JADESCAPE Condominium 99 years Nov 2 904 1,518,000 - 1,679 Uncompleted New Sale SENGKANG GRAND RESIDENCES Apartment 99 years Nov 2 624 1,051,200 - 1,684 Uncompleted New Sale JADESCAPE Condominium 99 years Nov 2 904 1,518,000 - 1,679 Uncompleted New Sale SENGKANG GRAND RESIDENCES Apartment 99 years Nov 2 624 1,069,600 - 1,713 Uncompleted New Sale JADESCAPE Condominium 99 years Nov 2 1,055 1,740,600 - 1,650 Uncompleted New Sale SENGKANG GRAND RESIDENCES Apartment 99 years Nov 2 624 1,063,200 - 1,703 Uncompleted New Sale JADESCAPE Condominium 99 years Nov 2 1,012 1,658,000 - 1,639 Uncompleted New Sale SENGKANG GRAND RESIDENCES Apartment 99 years Nov 2 474 816,800 - 1,725 Uncompleted New Sale JADESCAPE Condominium 99 years Nov 2 1,012 1,653,000 - 1,634 Uncompleted New Sale SENGKANG GRAND RESIDENCES Apartment 99 years Nov 2 474 811,200 - 1,713 Uncompleted New Sale JADESCAPE Condominium 99 years Nov 2 1,012 1,647,000 - 1,628 Uncompleted New Sale SENGKANG GRAND RESIDENCES Apartment 99 years Nov 2 474 806,400 - 1,703 Uncompleted New Sale JADESCAPE Condominium 99 years Nov 3 527 845,000 - 1,602 Uncompleted New Sale SENGKANG GRAND RESIDENCES Apartment 99 years Nov 2 474 837,600 - 1,769 Uncompleted New Sale JADESCAPE Condominium 99 years Nov 3 904 1,404,700 - 1,554 Uncompleted New Sale SENGKANG GRAND RESIDENCES Apartment 99 years Nov 2 474 843,200 - 1,780 Uncompleted New Sale NUOVO EC 99 years Oct 29 1,119 1,058,000 - 945 2004 Resale SENGKANG GRAND RESIDENCES Apartment 99 years Nov 2 624 1,093,600 - 1,752 Uncompleted New Sale THE PANORAMA Condominium 99 years Oct 31 1,561 2,330,000 - 1,493 2017 Resale SENGKANG GRAND RESIDENCES Apartment 99 years Nov 2 624 1,087,200 - 1,741 Uncompleted New Sale THREE 11 Apartment Freehold Oct 29 678 1,220,000 - 1,799 2015 Resale SENGKANG GRAND RESIDENCES Apartment 99 years Nov 2 624 1,063,200 - 1,703 Uncompleted New Sale District 21 SENGKANG GRAND RESIDENCES Apartment 99 years Nov 2 624 1,075,200 - 1,722 Uncompleted New Sale CAVENDISH PARK Condominium 99 years Oct 29 1,270 1,350,000 - 1,063 1996 Resale SENGKANG GRAND RESIDENCES Apartment 99 years Nov 2 624 1,099,200 - 1,761 Uncompleted New Sale GARDENVISTA Condominium 99 years Oct 31 872 1,188,000 - 1,363 2006 Resale SENGKANG GRAND RESIDENCES Apartment 99 years Nov 2 624 1,069,600 - 1,713 Uncompleted New Sale HOOVER PARK Terrace Freehold Oct 30 1,701 3,750,000 - 2,205 Unknown Resale SENGKANG GRAND RESIDENCES Apartment 99 years Nov 2 624 1,081,600 - 1,732 Uncompleted New Sale PINE GROVE Condominium 99 years Nov 1 1,755 1,650,000 - 940 Unknown Resale SENGKANG GRAND RESIDENCES Apartment 99 years Nov 2 936 1,601,600 - 1,710 Uncompleted New Sale THE NEXUS Condominium Freehold Oct 30 947 1,470,000 - 1,552 2006 Resale SENGKANG GRAND RESIDENCES Apartment 99 years Nov 2 936 1,569,600 - 1,676 Uncompleted New Sale VIEW AT KISMIS Apartment 99 years Oct 30 592 998,000 - 1,686 Uncompleted New Sale SENGKANG GRAND RESIDENCES Apartment 99 years Nov 2 936 1,577,600 - 1,685 Uncompleted New Sale VIEW AT KISMIS Apartment 99 years Oct 31 689 1,150,000 - 1,669 Uncompleted New Sale SENGKANG GRAND RESIDENCES Apartment 99 years Nov 2 764 1,286,400 - 1,683 Uncompleted New Sale VIEW AT KISMIS Apartment 99 years Nov 1 1,281 1,980,000 - 1,546 Uncompleted New Sale SENGKANG GRAND RESIDENCES Apartment 99 years Nov 2 764 1,280,000 - 1,675 Uncompleted New Sale District 22 SENGKANG GRAND RESIDENCES Apartment 99 years Nov 2 764 1,268,000 - 1,659 Uncompleted New Sale LAKEHOLMZ Condominium 99 years Oct 29 1,572 1,370,000 - 872 2005 Resale SENGKANG GRAND RESIDENCES Apartment 99 years Nov 2 936 1,577,600 - 1,685 Uncompleted New Sale THE CENTRIS Apartment 99 years Oct 31 1,066 1,241,288 - 1,165 2009 Resale SENGKANG GRAND RESIDENCES Apartment 99 years Nov 2 474 840,000 - 1,774 Uncompleted New Sale THE FLORAVALE EC 99 years Nov 5 1,249 820,000 - 657 2000 Resale SENGKANG GRAND RESIDENCES Apartment 99 years Nov 2 474 834,400 - 1,762 Uncompleted New Sale WESTMERE EC 99 years Oct 29 1,249 1,023,000 - 819 1999 Resale SENGKANG GRAND RESIDENCES Apartment 99 years Nov 2 624 1,082,400 - 1,734 Uncompleted New Sale YUNNAN GARDENS Terrace Freehold Oct 29 3,649 3,360,000 - 920 1994 Resale SENGKANG GRAND RESIDENCES Apartment 99 years Nov 2 624 1,059,200 - 1,697 Uncompleted New Sale District 23 SENGKANG GRAND RESIDENCES Apartment 99 years Nov 2 624 1,094,400 - 1,753 Uncompleted New Sale BLOSSOM RESIDENCES EC 99 years Nov 4 1,615 1,210,000 - 749 2014 Resale SENGKANG GRAND RESIDENCES Apartment 99 years Nov 2 764 1,292,000 - 1,691 Uncompleted New Sale BUKIT 828 Apartment Freehold Nov 2 980 1,424,000 - 1,454 Uncompleted New Sale SENGKANG GRAND RESIDENCES Apartment 99 years Nov 2 474 841,600 - 1,777 Uncompleted New Sale KINGSFORD . HILLVIEW PEAK Condominium 99 years Nov 4 829 1,090,000 - 1,315 2017 Sub Sale SENGKANG GRAND RESIDENCES Apartment 99 years Nov 2 474 831,200 - 1,755 Uncompleted New Sale LE QUEST Apartment 99 years Oct 29 980 1,393,000 - 1,422 Uncompleted New Sale SENGKANG GRAND RESIDENCES Apartment 99 years Nov 2 474 826,400 - 1,745 Uncompleted New Sale MAYSPRINGS Apartment 99 years Nov 1 915 760,000 - 831 1998 Resale SENGKANG GRAND RESIDENCES Apartment 99 years Nov 2 474 836,800 - 1,767 Uncompleted New Sale MIDWOOD Condominium 99 years Nov 2 484 778,000 - 1,606 Uncompleted New Sale SENGKANG GRAND RESIDENCES Apartment 99 years Nov 2 474 816,800 - 1,725 Uncompleted New Sale MONT BOTANIK RESIDENCE Condominium Freehold Oct 29 775 1,280,000 - 1,652 Uncompleted New Sale SENGKANG GRAND RESIDENCES Apartment 99 years Nov 2 474 816,800 - 1,725 Uncompleted New Sale MONT BOTANIK RESIDENCE Condominium Freehold Oct 30 775 1,299,000 - 1,676 Uncompleted New Sale SENGKANG GRAND RESIDENCES Apartment 99 years Nov 2 474 831,200 - 1,755 Uncompleted New Sale MONT BOTANIK RESIDENCE Condominium Freehold Oct 30 947 1,545,000 - 1,631 Uncompleted New Sale SENGKANG GRAND RESIDENCES Apartment 99 years Nov 2 474 821,600 - 1,735 Uncompleted New Sale CASHEW CRESCENT Semi-Detached 999 years Oct 30 3,229 3,688,000 - 1,143 1993 Resale SENGKANG GRAND RESIDENCES Apartment 99 years Nov 2 474 836,800 - 1,767 Uncompleted New Sale YEW MEI GREEN EC 99 years Nov 5 1,292 883,000 - 684 2000 Resale SENGKANG GRAND RESIDENCES Apartment 99 years Nov 2 474 826,400 - 1,745 Uncompleted New Sale District 25 SENGKANG GRAND RESIDENCES Apartment 99 years Nov 2 474 841,600 - 1,777 Uncompleted New Sale SENGKANG GRAND RESIDENCES Apartment 99 years Nov 2 936 1,568,800 - 1,675 Uncompleted New Sale PARC ROSEWOOD Condominium 99 years Oct 30 581 630,000 - 1,084 2014 Resale SENGKANG GRAND RESIDENCES Apartment 99 years Nov 2 764 1,337,600 - 1,750 Uncompleted New Sale PARC ROSEWOOD Condominium 99 years Oct 31 743 650,000 - 875 2014 Resale SENGKANG GRAND RESIDENCES Apartment 99 years Nov 2 474 826,400 - 1,745 Uncompleted New Sale WOODSVALE EC 99 years Oct 30 1,399 838,000 - 599 2000 Resale SENGKANG GRAND RESIDENCES Apartment 99 years Nov 2 474 831,200 - 1,755 Uncompleted New Sale District 26 SENGKANG GRAND RESIDENCES Apartment 99 years Nov 2 474 836,800 - 1,767 Uncompleted New Sale HEETON CLASSIC Terrace Freehold Oct 29 1,894 2,680,000 - 1,412 1993 Resale SENGKANG GRAND RESIDENCES Apartment 99 years Nov 2 624 1,076,800 - 1,725 Uncompleted New Sale THE CALROSE Condominium Freehold Oct 29 1,798 1,440,000 - 801 2007 Resale SENGKANG GRAND RESIDENCES Apartment 99 years Nov 2 624 1,088,800 - 1,744 Uncompleted New Sale District 27 SENGKANG GRAND RESIDENCES Apartment 99 years Nov 2 624 1,070,400 - 1,715 Uncompleted New Sale EIGHT COURTYARDS Condominium 99 years Nov 4 958 925,000 - 966 2014 Resale SENGKANG GRAND RESIDENCES Apartment 99 years Nov 2 624 1,064,800 - 1,706 Uncompleted New Sale KANDIS RESIDENCE Condominium 99 years Nov 2 797 946,782 - 1,189 Uncompleted New Sale SENGKANG GRAND RESIDENCES Apartment 99 years Nov 2 624 1,105,600 - 1,771 Uncompleted New Sale LILYDALE EC 99 years Oct 31 1,238 826,000 - 667 2003 Resale SENGKANG GRAND RESIDENCES Apartment 99 years Nov 2 624 1,075,200 - 1,722 Uncompleted New Sale SEMBAWANG SPRINGS ESTATE Detached Freehold Nov 4 5,048 4,000,000 - 792 Unknown Resale SENGKANG GRAND RESIDENCES Apartment 99 years Nov 2 624 1,063,200 - 1,703 Uncompleted New Sale SEMBAWANG STRAITS ESTATE Semi-Detached Freehold Nov 1 1,873 2,180,000 - 1,166 Unknown Resale SENGKANG GRAND RESIDENCES Apartment 99 years Nov 2 624 1,099,200 - 1,761 Uncompleted New Sale District 28 SENGKANG GRAND RESIDENCES Apartment 99 years Nov 2 624 1,081,600 - 1,732 Uncompleted New Sale BELGRAVIA GREEN Terrace Freehold Oct 30 3,132 2,789,860 - 891 Uncompleted New Sale SENGKANG GRAND RESIDENCES Apartment 99 years Nov 2 624 1,087,200 - 1,741 Uncompleted New Sale HIGH PARK RESIDENCES Apartment 99 years Nov 5 947 1,080,000 - 1,140 2019 Sub Sale SENGKANG GRAND RESIDENCES Apartment 99 years Nov 2 624 1,057,600 - 1,694 Uncompleted New Sale MIMOSA TERRACE Terrace Freehold Oct 31 2,196 2,850,000 - 1,301 2004 Resale SENGKANG GRAND RESIDENCES Apartment 99 years Nov 2 678 1,172,000 - 1,728 Uncompleted New Sale PARC BOTANNIA Condominium 99 years Oct 29 1,281 1,606,320 - 1,254 Uncompleted New Sale SENGKANG GRAND RESIDENCES Apartment 99 years Nov 2 1,313 2,191,200 - 1,669 Uncompleted New Sale PARC BOTANNIA Condominium 99 years Oct 30 1,453 1,887,144 - 1,299 Uncompleted New Sale SENGKANG GRAND RESIDENCES Apartment 99 years Nov 2 1,313 2,131,200 - 1,623 Uncompleted New Sale PARC BOTANNIA Condominium 99 years Oct 30 872 1,184,820 - 1,359 Uncompleted New Sale SENGKANG GRAND RESIDENCES Apartment 99 years Nov 2 1,033 1,698,400 - 1,644 Uncompleted New Sale PARC BOTANNIA Condominium 99 years Oct 31 980 1,326,920 - 1,355 Uncompleted New Sale SENGKANG GRAND RESIDENCES Apartment 99 years Nov 2 624 1,170,400 - 1,875 Uncompleted New Sale PARC BOTANNIA Condominium 99 years Oct 31 872 1,137,000 - 1,304 Uncompleted New Sale SENGKANG GRAND RESIDENCES Apartment 99 years Nov 2 624 1,157,600 - 1,854 Uncompleted New Sale PARC BOTANNIA Condominium 99 years Oct 31 872 1,154,000 - 1,324 Uncompleted New Sale SENGKANG GRAND RESIDENCES Apartment 99 years Nov 2 624 1,144,800 - 1,834 Uncompleted New Sale PARC BOTANNIA Condominium 99 years Oct 31 969 1,366,120 - 1,410 Uncompleted New Sale SENGKANG GRAND RESIDENCES Apartment 99 years Nov 2 624 1,176,800 - 1,885 Uncompleted New Sale PARC BOTANNIA Condominium 99 years Oct 31 958 1,250,330 - 1,305 Uncompleted New Sale SENGKANG GRAND RESIDENCES Apartment 99 years Nov 2 624 1,132,000 - 1,813 Uncompleted New Sale PARC BOTANNIA Condominium 99 years Oct 31 958 1,240,000 - 1,294 Uncompleted New Sale SENGKANG GRAND RESIDENCES Apartment 99 years Nov 2 624 1,138,400 - 1,823 Uncompleted New Sale PARC BOTANNIA Condominium 99 years Oct 31 980 1,319,080 - 1,347 Uncompleted New Sale SENGKANG GRAND RESIDENCES Apartment 99 years Nov 2 624 1,151,200 - 1,844 Uncompleted New Sale PARC BOTANNIA Condominium 99 years Nov 1 872 1,154,000 - 1,324 Uncompleted New Sale SENGKANG GRAND RESIDENCES Apartment 99 years Nov 2 624 1,164,000 - 1,864 Uncompleted New Sale PARC BOTANNIA Condominium 99 years Nov 1 775 990,780 - 1,278 Uncompleted New Sale SENGKANG GRAND RESIDENCES Apartment 99 years Nov 2 506 949,600 - 1,877 Uncompleted New Sale PARC BOTANNIA Condominium 99 years Nov 1 786 1,053,500 - 1,341 Uncompleted New Sale SENGKANG GRAND RESIDENCES Apartment 99 years Nov 2 506 917,600 - 1,814 Uncompleted New Sale SARACA VILLAS Terrace 99 years Oct 29 3,778 1,850,000 - 490 2002 Resale SENGKANG GRAND RESIDENCES Apartment 99 years Nov 2 506 944,000 - 1,866 Uncompleted New Sale SENGKANG GRAND RESIDENCES Apartment 99 years Nov 2 506 954,400 - 1,887 Uncompleted New Sale Source: URA Realis. Updated Nov 12, 2019. SENGKANG GRAND RESIDENCES Apartment 99 years Nov 2 506 938,400 - 1,855 Uncompleted New Sale EC stands for executive condominium SENGKANG GRAND RESIDENCES Apartment 99 years Nov 2 506 912,000 - 1,803 Uncompleted New Sale SENGKANG GRAND RESIDENCES Apartment 99 years Nov 2 506 892,800 - 1,765 Uncompleted New Sale DISCLAIMER: SENGKANG GRAND RESIDENCES Apartment 99 years Nov 2 506 898,400 - 1,776 Uncompleted New Sale The Edge Property Pte Ltd shall not be responsible for any loss or liability arising directly SENGKANG GRAND RESIDENCES Apartment 99 years Nov 2 506 922,400 - 1,823 Uncompleted New Sale or indirectly from the use of, or reliance on, the information provided therein. SENGKANG GRAND RESIDENCES Apartment 99 years Nov 2 506 928,000 - 1,834 Uncompleted New Sale SENGKANG GRAND RESIDENCES Apartment 99 years Nov 2 474 870,400 - 1,838 Uncompleted New Sale SENGKANG GRAND RESIDENCES Apartment 99 years Nov 2 474 876,000 - 1,850 Uncompleted New Sale SENGKANG GRAND RESIDENCES Apartment 99 years Nov 2 474 855,200 - 1,806 Uncompleted New Sale SENGKANG GRAND RESIDENCES Apartment 99 years Nov 2 474 858,400 - 1,812 Uncompleted New Sale SENGKANG GRAND RESIDENCES Apartment 99 years Nov 2 474 832,800 - 1,758 Uncompleted New Sale SENGKANG GRAND RESIDENCES Apartment 99 years Nov 2 474 848,000 - 1,790 Uncompleted New Sale SENGKANG GRAND RESIDENCES Apartment 99 years Nov 2 474 822,400 - 1,736 Uncompleted New Sale SENGKANG GRAND RESIDENCES Apartment 99 years Nov 3 732 1,352,800 - 1,848 Uncompleted New Sale SENGKANG GRAND RESIDENCES Apartment 99 years Nov 3 624 1,160,800 - 1,859 Uncompleted New Sale SENGKANG GRAND RESIDENCES Apartment 99 years Nov 3 764 1,337,600 - 1,750 Uncompleted New Sale SENGKANG GRAND RESIDENCES Apartment 99 years Nov 3 474 858,400 - 1,812 Uncompleted New Sale SENGKANG GRAND RESIDENCES Apartment 99 years Nov 3 474 831,200 - 1,755 Uncompleted New Sale SENGKANG GRAND RESIDENCES Apartment 99 years Nov 3 764 1,324,800 - 1,733 Uncompleted New Sale SENGKANG GRAND RESIDENCES Apartment 99 years Nov 3 624 1,099,200 - 1,761 Uncompleted New Sale SENGKANG GRAND RESIDENCES Apartment 99 years Nov 3 624 1,105,600 - 1,771 Uncompleted New Sale SENGKANG GRAND RESIDENCES Apartment 99 years Nov 3 474 831,200 - 1,755 Uncompleted New Sale SENGKANG GRAND RESIDENCES Apartment 99 years Nov 3 474 852,800 - 1,801 Uncompleted New Sale SERANGOON GARDEN ESTATE Terrace 999 years Oct 30 2,799 4,768,000 - 1,703 Unknown Resale SERANGOON GARDEN ESTATE Semi-Detached 999 years Oct 31 2,885 2,880,000 - 997 Unknown Resale SERANGOON GARDEN ESTATE Semi-Detached 999 years Nov 5 4,219 5,980,000 - 1,419 Unknown Resale SERANGOON GARDEN ESTATE Terrace 999 years Nov 5 2,702 4,700,000 - 1,740 2019 Resale SPACE @ KOVAN Apartment Freehold Oct 30 893 1,170,000 - 1,310 2015 Resale THE FLORENCE RESIDENCES Apartment 99 years Oct 30 667 1,092,000 - 1,636 Uncompleted New Sale THE FLORENCE RESIDENCES Apartment 99 years Oct 30 635 943,000 - 1,485 Uncompleted New Sale EDGEPROP | NOVEMBER 18, 2019 • EP15

OFFSHORE

Residential property overhang in KL hit 52,666 units in 2Q2019; more supply in pipeline

SHUTTERSTOCK | BY CHARLENE CHIN |

esidential property overhang — de- fined as completed units that remain unsold nine months after launch — in Kuala Lumpur stood at 52,666 units in 2Q19. RThis is a 10.9% increase from the over- hang stock of 1Q19, says Nawawi Tie Leung Property Consultants in its 3Q19 report on the Malaysian capital’s real estate market. The total overhang in 2Q19 is 32,810 residen- tial units, 18,186 units of serviced apartments and 1,670 Soho units. The majority of the over- hang units are priced between RM200,001 and RM300,000 ($65,599 and $98,902) and makes up 22.3% of the total overhang units. For the remainder of the year, more condo- minium units are expected to be released into the market. In 3Q19, 2,514 units were added to the current stock after the completion of three high-rise projects. The bulk of the new supply came from 1,516 units of serviced apartments at EkoCheras, located outside the city centre at Jalan Cheras’ Mile 5. The other two completed projects are from Stonor 3 with 400 units and Aria KLCC with 598 units. Meanwhile, prices and rents for high-end condos eased marginally by 0.8% and 2% q-o-q at RM1,028 and RM3.78 psf per month Prices and rents for high-end condos in Kuala Lumpur eased marginally in 2Q19 by 0.8% and 2% q-o-q at RM1,028 and RM3.78 psf per month respectively respectively. In the office market, the total stock in Kuala Lumpur increased to 84.8 million sq ft in 3Q19, following the completion of The Exchange 106. num Sentral, its largest office space in Malay- between RM140 million and RM150 million. operates 43 stores across Malaysia. Average occupancy rate dropped to 77.6% sia at 59,000 sq ft. Looking ahead, Nawawi Tie expects of- Fitness gym Babel took up 15,000 sq ft at in 3Q19 from 79.7% in 2Q19. Nawawi Tie at- IWG is also rebranding its Regus Centre fice rents and occupancy to remain under Suria KLCC, leasing the rooftop space at Me- tributes this to the “slower-than-expected take- in Menara Prestige to come under its Spaces downward pressure while landlords could nara Ken TTDI. up” at The Exchange 106. co-working brand. face the continuing challenge of securing Co-working space operators have also tak- The first batch of tenants are expected to After WeWork opened its first location at new occupiers. en up retail spaces in malls. MyTown shopping move into The Exchange 106 by next month Equatorial Plaza, it will set up its second loca- In the retail sector, the overall occupancy centre welcomed co-working space operator while the bulk of other tenants are expected to tion in Kuala Lumpur’s fringe area at Mercu 2, for shopping malls in Klang Valley for 3Q19 Common Ground as its tenant in September, follow suit by March and April 2020. KL Eco City. Standard Chartered Bank and Mc- is estimated at 85.3%. Prime malls have con- which is taking up 18,000 sq ft of retail space In 3Q19, Kuala Lumpur’s office market was dermott have leased 100,000 sq ft and 60,000 tinued to maintain occupancy rates of above across two levels. Common Ground also oper- mainly driven by the expansion of serviced of- sq ft respectively at WeWork Equatorial Plaza. 90%. However, the projected growth of retail ates its co-working spaces in other malls such fice/co-working space operators and tech firms Co-working operator Found8 from Singa- sales for the year has been revised downwards as Citta Mall and Jaya One. such as Klook, Agoda and Fave. Expansion in pore also opened its first location at KL Sen- to 4.4% from 4.9%. In July, Malaysian co-working space op- the office market is expected to gather momen- tral Station in 3Q19. After 18 months, Parkson Puchong at M erator Worq launched its third branch at KL tum as other major tech companies contem- In 3Q19, rents in the Golden Triangle and KL Square Mall ceased operations when the de- Gateway Mall. Since opening its first branch plate expanding their presence in Malaysia. Sentral remained flat at RM7.23 psf per month partment store failed to meet its sales targets. at shopping mall Glo Damansara in 2017, Currently, the serviced office and co-working and RM7.10 psf per month respectively. New Prior to this, Parkson had operated at Suria Worq has rapidly expanded to provide some space in KL is split between 51% and 49% in supply from The Exchange 106 is expected to KLCC mall for 20 years. The group currently 18,000 sq ft of work spaces. E the Golden Triangle and KL Fringe respectively. further contribute to the supply glut. Serviced office provider IWG will be open- Menara MIDF, located along Jalan Raja Chu- ing its first Spaces co-working branch at Plati- lan, was also put up for sale at a guide price Price and rental indices of high-end condos in KL

Future supply of high-end condos in KL (Units)

Source: NAWAWI TIE Research EP16 • EDGEPROP | NOVEMBER 18, 2019

GAINS AND LOSSES

Unit at Wing On Life Garden reaps $2.5 mil profit

PICTURES: SAMUEL ISAAC CHUA/ THE EDGE SINGAPORE | BY BONG XIN YING | to the Stevens and Newton MRT Stations re- yang Primary School, and Raffles Girls’ Pri- spectively. It is also a two-minute drive to mary School. It is also a four-minute drive to he seller of a unit at Wing On Life reputable schools like Anglo-Chinese School Holland Village and a 10-minute drive to the Garden condo made the top gain of (Primary) on Barker Road. CBD and Orchard Road. $2.5 million over the week of Oct The second biggest gain made over the Meanwhile, a unit sold at The Water- 29 to Nov 5. The 3,498 sq ft unit on week – a 148% profit of $1.96 million – was side, on Tanjong Rhu Road in District 15, the 10th floor was bought for $3.6 at Astrid Meadows, located on Coronation made the third most profitable transaction Tmillion ($1,029 psf) in September 2006, and Road West in prime District 10. The 1,938 sq over the period, netting a 122% profit of sold for $6.1 million ($1,744 psf) on Nov 5. ft unit on the fourth floor was purchased for $1.93 million for the seller. The 2,400 sq ft The seller made a 69% profit, or an annu- $1.32 million ($681 psf) in February 1999, and unit on the sixth floor was bought in March alised profit of 4% over 13 years. sold for $3.28 million ($1,693 psf) on Oct 31. 2006 for $1.58 million ($656 psf), and sold Located along Bukit Timah Road in prime This means that the seller made an annual- for $3.5 million ($1,458 psf) on Nov 5. The District 10, the freehold condo was completed ised profit of 4% over almost 21 years. seller therefore made an annualised profit in 1982. Developed by The Wing On Invest- Completed in 1990, the 208-unit, freehold of 6% over 13½ years. ment Co, a member of the Wing On Group Astrid Meadows was developed by Parkway The Waterside, completed in 1993, com- in Hong Kong, it has 81 units over 28 storeys. Land. The development is near reputable prises 502 freehold units. It is a five-minute The development is a 10- and 14-minute walk schools like Henry Park Primary School, Nan- walk to the future Katong Park MRT Station on the Thomson-East Coast Line, which is scheduled to open in 2023. On the other hand, the biggest loss in- curred over the week was from the resale of a 3,143 sq ft unit at RiverGate, in prime District 9. The seller sold the property for $6.8 million ($2,163 psf) on Oct 31, and sustained a 20% loss of $1.69 million. The unit was purchased in May 2007 for $8.49 million ($2,701 psf). Over a holding period of 12½ years, this translates into an annu- alised loss of 2%. The freehold RiverGate was developed by CapitaLand and completed in 2009. The deve- lopment comprises a total of 545 units in three The 3,498 sq ft unit on the 10th floor of Wing On Life 43-storey towers. The project is a one-minute Garden was bought for $3.6 million ($1,029 psf) in Septem- A unit at RiverGate sustained a 20% loss of $1.69 million after it was sold for $6.8 million ($2,163 psf) drive from Robertson Walk and a three-min- ber 2006 and sold for $6.1 million ($1,744 psf) on Nov 5 on Oct 31 ute drive from Great World City. E

Top gains and losses from Oct 29 to Nov 5 Most profitable deals PROJECT DISTRICT AREA SOLD ON SALE PRICE ($ PSF) BOUGHT ON PURCHASE PRICE PROFIT ($) PROFIT (%) ANNUALISED PROFIT (%) HOLDING PERIOD ( SQ FT) (2019) ($ PSF) (YEARS) 1 WING ON LIFE GARDEN 10 3,498 Nov 5 1,744 Sep 20, 2006 1,029 2,500,000 69 4 13.1 2 ASTRID MEADOWS 10 1,938 Oct 31 1,693 Feb 1, 1999 681 1,960,000 148 4 20.8 3 THE WATERSIDE 15 2,400 Nov 5 1,458 Mar 27, 2006 656 1,925,000 122 6 13.6 4 THE EDGE ON CAIRNHILL 9 2,142 Oct 30 1,881 Nov 8, 2004 1,255 1,341,790 50 3 15.0 5 THE SPRINGS 11 1,884 Nov 5 1,317 Oct 2, 2002 735 1,080,000 77 3 17.1 6 LAGUNA PARK 15 1,615 Oct 30 1,022 Jul 28, 1997 452 920,000 126 4 22.3 7 COSTA DEL SOL 16 1,324 Nov 4 1,254 Dec 7, 2005 672 770,000 87 5 13.9 8 DUNMAN VIEW 15 1,173 Oct 30 1,099 Nov 25, 2005 539 658,130 104 5 13.9 9 WOODSVILLE 28 13 1,033 Oct 30 1,343 Mar 30, 2009 740 623,000 81 6 10.6 10 EASTPOINT GREEN 18 2,099 Nov 1 762 Mar 1, 2001 467 620,000 63 3 18.7 11 NOVENA LODGE 11 786 Nov 1 1,483 Nov 24, 2004 738 585,000 101 5 14.9 12 LEEDON RESIDENCE 10 2,648 Nov 1 2,190 Nov 27, 2012 1,971 582,079 11 2 6.9 13 THE TREVOSE 11 1,324 Oct 30 1,337 Aug 14, 2000 909 567,040 47 2 19.2 14 THE PANORAMA 20 1,561 Oct 31 1,493 May 29, 2015 1,171 502,592 28 6 4.4 15 THE CENTRIS 22 1,066 Oct 31 1,165 Jun 22, 2009 718 476,288 62 5 10.4

Non-profitable deals PROJECT DISTRICT AREA SOLD ON SALE PRICE ($ PSF) BOUGHT ON PURCHASE PRICE LOSS ($) LOSS (%) ANNUALISED LOSS (%) HOLDING PERIOD (SQ FT) (2019) ($ PSF) (YEARS) 1 RIVERGATE 9 3,143 Oct 31 2,163 May 9, 2007 2,701 1,690,000 20 2 12.5 2 GALLOP GREEN 10 4,187 Nov 5 1,822 May 17, 2013 1,980 662,240 8 1 6.5 3 PATERSON LINC 9 850 Nov 1 2,058 Mar 25, 2010 2,693 250,000 13 1 9.6 4 OPTIMA @ TANAH MERAH 16 969 Nov 1 1,156 Dec 27, 2012 1,342 180,000 14 2 6.8 5 L'VIV 11 1,001 Nov 1 2,048 Oct 10, 2012 2,198 150,000 7 1 7.1 6 MAYSPRINGS 23 915 Nov 1 831 Feb 21, 2014 874 40,000 5 1 5.7 7 PARC ROSEWOOD 25 743 Oct 31 875 Mar 20, 2012 927 38,184 6 1 7.6 8 KINGSFORD . HILLVIEW PEAK 23 829 Nov 4 1,315 Sep 16, 2014 1,352 30,350 3 1 5.1 9 EAST VILLAGE 16 1,206 Nov 4 1,020 Apr 12, 2012 1,038 20,836 2 0.2 7.6 10 TREESCAPE 15 700 Nov 4 1,422 Feb 29, 2012 1,434 8,000 1 0.1 7.7 11 BOATHOUSE RESIDENCES 19 710 Oct 30 1,042 Jan 25, 2013 1,042 350 0.05 0.01 6.8

Source: URA, EdgeProp Note: Computed based on URA caveat data as at Nov 12 for private non-landed houses transacted between Oct 29 and Nov 5 The profit and loss computation excludes transaction costs such as stamp duties. EDGEPROP | NOVEMBER 18, 2019 • EP17

UNDER THE HAMMER Penthouse at The Minton going for $818,888

| BY TIMOTHY TAY | units of 560 sq ft to 1,755 sq ft. There are 42 purchased for $687,000 ($862 psf) in June It is also close to Nex shopping mall, Kovan penthouse units in the condo as well as six 2010, when the condo was first launched for Heartland Mall, and Hougang Mall. The con- one-bedroom penthouse unit in The shop units and a childcare centre within the sale. Based on the matching of URA caveats, do is less than 500m to Paya Lebar Methodist Minton, a 99-year leasehold condo development. the unit has not changed hands since it was Girls’ School (both primary and secondary). on Hougang Street 11, will be offered The unit that will be offered at auction is bought from the developer. Other nearby schools include Xinghua Prima- in an owner’s sale at Edmund Tie’s located on the 17th floor. The 797 sq ft unit The most recent penthouse transaction at ry School, St Gabriel’s Secondary School, and auction on Nov 20. The unit has a was initially a studio but the owner converted the development was for a 1,345 sq ft unit that Yuying Secondary School. Aguide price of $818,888 ($1,027 psf) and will it into its current configuration as a one-bed- fetched $1.3 million ($966 psf) on Oct 7 this According to Joy Tan, head of auction and be sold with vacant possession. room unit to fit a king-size bed. The unit now year. Two other penthouse units were sold ear- sales at Edmund Tie, this unit would be suit- The Minton is a 1,145-unit development has an en suite master bedroom, a living area, lier this year, including a 1,991 sq ft unit for able for young couples or small families for off Lorong Ah Soo in District 19. Completed in a kitchen area, as well as a household shelter. $2.2 million ($1,105 psf) in May, and a 2,885 sq their own stay, given the condo’s proximity to 2013, it was jointly developed by local devel- The living-room balcony overlooks one of the ft unit for $2.5 million ($872 psf) in February. popular schools. Alternatively, the unit could opers Kheng Leong Group and Low Keng Huat condo’s pools, with a view of the neighbouring The Minton is close to two MRT stations – also attract younger investors who are keen to (Singapore). The Minton comprises 18 blocks mixed landed housing estate on Surin Avenue. Kovan on the North-East Line and Serangoon snap up an investment property that has a rel- of 15 to 17 storeys, with one- to four-bedroom According to URA caveats, the unit was Interchange on the Circle and North-East Lines. atively low absolute price, she adds. E

SAMUEL ISAAC CHUA/THE EDGE SINGAPORE EDMUND TIE

The Minton is a 1,145-unit development off Lorong Ah Soo in District 19 The 797 sq ft, one-bedroom penthouse has a guide price of $818,888 ($1,027 psf) EP18 • EDGEPROP | NOVEMBER 18, 2019

COVER STORY

LENDLEASE FROM PAGE EP11 “From a sustainability point of view, I believe mixed-use development is situated on a 17- the rail will offer a good solution for people to acre (6.9ha) site and is a joint venture be- travel between Kuala Lumpur and Singapore,” tween Lendlease (60%) and TRX City (40%), says Lombardo. a wholly-owned subsidiary of the Malaysian Ministry of Finance. RESIDENTIAL – RESILIENCE, RECORD PRICE The project will have a luxury hotel, offices, In Australia, Lendlease set a new record price six residential towers and a large-scale shop- when a penthouse at its One Sydney Harbour ping mall with over 2 million sq ft of gross residential tower in Barangaroo South, Syd- floor area, about 500 retail outlets and a 10.4- ney, was sold for A$140 million last month. acre (4.2ha) rooftop park. The shopping mall The price translated to about A$100,000 is due to be completed by end-2021. It is close psm (A$9,290 psf) for the penthouse with to 50% pre-leased. an internal area of 1,000 sq m (10,764 sq ft) The first residential tower is scheduled for across two floors. launch around Chinese New Year next year. “Hopefully, more Asian investors and Singa- “We will be targeting both local and foreign poreans will come over [to Australia] to buy,” Artist’s impression of Ardor Gardens, Lendlease’s flagship senior living community in Qingpu district, Shang- investors,” says Lombardo. says Lombardo. hai, which will have 850 apartments in a low-rise development with landscaped gardens and waterways The mixed-use development will be con- Being a global city, Singapore has not been nected to the TRX Park and have a dedicat- spared the effects of the US-China trade war. Singapore’s residential market seems to be “Singapore is exemplary when it comes to ed MRT station, access to the MEX Highway, “Things are slowing down,” Lombardo con- holding up quite well, he adds. The resilience affordable housing with its HDB public housing SMART Tunnel and Jalan Tun Razak. cedes. However, with the ongoing events in could stem from en bloc beneficiaries in the flats,” he adds. “I think a lot of cities around The future KL-Singapore High Speed Rail Hong Kong, Singapore is likely to be a benefi- recent collective sale wave of 2017-2018 who the world can learn from this model to ensure where the terminus was to be located in Ban- ciary as MNCs consider setting up their Asian are shopping for replacement homes, reck- that there’s enough affordable housing so that dar Malaysia nearby has been postponed. headquarters here. ons Lombardo. social issues do not emerge.” E

PROP HUNT CLASSIFIEDS Properties for Sale  Scan QR code for more details  To be featured, email [email protected] or call 8822-2997

$4,300,000 $4,000,000 $4,228,888 $9,380,000 Semi-Detached House Springwood Parc Seabreeze Shophouse D10 HOLLAND GROVE VIEW | 99 years D5 SPRINGWOOD HEIGHT | Freehold D15 JOO CHIAT ROAD | Freehold D12 SERANGOON ROAD | Freehold Built-Up(sqft): 4,000 | Land(sqft): 2,971 Built-Up(sqft): 4,252 | Land(sqft): 1,851 Size(sqft): 2,562 | PSF: $1,651 Size(sqft): 5,000 | PSF: $2,120 PSF: $1,447 PSF: $2,161 Bedroom: 3

3-sty semi-D with basement. Opp park. Greenery. A&A completed 2007. 3.5 storey Terrace House. D15 Duplex 3br Penthouse on #19. Unblock North Two Shop Houses adjoined @ Serangoon Road. Quiet. 5 bedrooms & 2 storerooms. Park 2 cars. Lovely 3 + Big study + guest + storeroom. Super sized facing views of Katong. Sell vacant or with 2yr new Freehold. Foreigner/PR/Company can own. Stamp Garden. Designer kitchen with island top. Gaggenau bedrooms, kitchen & dining, living room. Lovely tenancy. Spacious living. Roof terrace pte pool to duty: Only 3%, No ABSD & SSD. Land size: 2,889 & Liebherr appliances. 500m to Henry Park Primary patio and roof terrace with seaviews! Quiet cul-de- enjoy. Future Marine Parade MRT at doorstep. Ee sqft Present BIA: 5,000 sqft. URA Plot Ratio: 3.0; school. 800m to Dover MRT. Kindly contact Ee Laine sac. Car porch for 1 vehicle. Vacant now. Laine 96561860. Rebuild GFA 8,667 sqft. UOB valuation GDV: @ 9656 1860 for an exclusive viewing. $12.6m for 2 units.

Ee Laine Ee Laine Ee Laine Jerry Lum ORANGETEE & TIE PTE LTD ORANGETEE & TIE PTE LTD ORANGETEE & TIE PTE LTD ERA REALTY NETWORK PTE LTD R048665I R048665I R048665I R032056D  65 9656 1860  65 9656 1860  65 9656 1860  65 8288 0098

$8,500,000 $5,500,000 Leonie Parc View Semi-Detached House D11 ARCADIA ROAD | 99 years D15 EAST COAST | Freehold Size(sqft): 3,854 | PSF: $2,206 Built-Up(sqft): 3,100 | Land(sqft): 4,288 Bedroom: 4 PSF: $1,329

“Leonie ParcView mins to Somerset/Great World Good price for landed in the East! This 7-room MRT & Orchard Rd TOP in 2009 it has 44 units Semi-D was rebuilt on a large elevated plot, has an Rare 1-level of 3854sq ft with pte lift & personal pool open concept design with plenty of natural light. Unblocked view of Orchard Rd It has 4bedrms with 3 Potential to be developed into standalone detached. ensuites 1 common bathrm wet/dry kitchen Baliness Near amenities, schools, MRT, ECP, PIE, city & sea. reno. High ceiling Value for $$ Hurry!”

Veronica Lim Lisa Wong ORANGETEE & TIE PTE LTD PROPNEX REALTY PTE LTD R019750I R05194J   65 9455 0898 65 9178 9080 CONVENIENCE MEETS SERENITY AT DAIRY FARM ROAD

A PRIVATE RESORT NESTLED IN THE WOODS

Dairy Farm Residences will have an undisrupted panoramic view of the surrounding nature, offering a relaxing swim Dairy Farm residents enjoy luxury resort living – exclusivity, convenience and tranquility at the same time

PICTURES: UNITED ENGINEERS LIMITED Uncover infinite possibilities at Dairy Farm Residences

tial towers were intentionally segregated from home. Residents living on the upper floors will the commercial platform with separate car park enjoy spectacular views of the Bukit Timah Na- spaces for residents in the basement levels. Res- ture Park to the west and picturesque views of idents of Dairy Farm Residences can indulge in the Central Catchment Nature Reserve and Up- an array of gourmet fare or retail therapy at their per Pierce Reservoir to the east. doorstep while also having the option of retreat- Inspired by wood grain patterns, the recre- ing into their cosy nook at home. ational zones are artistically stacked into levels that form The Woods, The Canopy and The Oa- Be at one with nature sis. Dairy Farm Residences will also have an in- Catering to the different needs of residents, UEL is offering 460 luxurious residential homes arranged in two 15-storey To safeguard residents’ privacy, the residen tial towers at Dairy Farm Residences were intentionally segregated from the While wide open green spaces are a rarity in finity pool that will have an undisrupted pano- and two 5-storey towers commercial platform land-scarce Singapore, Dairy Farm Residences ramic view of the surrounding nature, offering is located within the heart of the city’s most for- a relaxing swim. Junction 10 offer even more options within the tality, property development, engineering and ested enclave; offering a retreat from the hustle Located underneath the pool are pockets of vicinity. At these malls, residents will find super- distribution as well as manufacturing. and bustle of urban life. Whether you are looking intimate spaces such as function rooms and gym- markets such as Cold Storage, NTUC Fairprice, When it comes to property development, UEL to relax or seeking outdoor thrills, Dairy Farm nasium, effectively articulating the subtle accents Fairprice Finest and Sheng Siong Supermarket. was behind iconic buildings such as orchardgate- Residences is conveniently connected by cycling of the timber grain, bringing nature to residents. Meanwhile, families with children will be way, UE BizHub CITY (formerly known as UE and pedestrian networks within the Western Ad- delighted with the number of schools nearby. Square), UE BizHub EAST, as well as the mixed- venture Loop and Rail Corridor (Central) of the Convenience at every turn Dairy Farm Residences is right next door to the used development at one-north comprising The Park Connector Network. Meanwhile, the nearby Aside from being close to nature and a retail po- German European School Singapore. Within Rochester, Rochester Mall and Park Avenue Roch- Dairy Farm Nature Park holds a gem – the Sin- dium, Dairy Farm Residences offers unparalleled 1.5km or less are preschools such as St Joseph ester. It also owns several shopping malls includ- gapore Quarry, which is roughly 3km along the connectivity via the Bukit Timah Expressway Church Kindergarten, White Lodge Kindergar- ing Rochester Mall, The Seletar Mall and UE walking trail. Previously a granite quarry, the (BKE) and Upper Bukit Timah Road. Within just ten (Jalan Siap), PCF Bukit Panjang Blk 226. Pri- Square Shopping Mall. In addition, it manages Each unit at Dairy Farm Residences will feature balconies that welcome the essence of nature blending seamlessly into space has been turned into a tourist attraction. a kilometre from Hillview MRT on the Down- mary schools within a 2km radius include CHIJ the Park Avenue chain of hotels, serviced apart- the home With large communal spaces, Dairy Farm Res- town Line, the development is highly accessible. Our Lady Queen of Peace and Bukit Panjang ments, serviced offices and convention centre. idences embraces resort living, creating a modern Apart from a conveniently located bus stop at Primary School. UEL was honoured as the 11th oldest compa- ocated along Petir Road and Dairy Farm a childcare centre, food and beverage and retail escape into the woods. To evoke tranquillity and Petir Road, there will also be a shuttle bus ser- With all these amenities, Dairy Farm Resi- ny by Singapore International Chamber of Com- Road, the upcoming Dairy Farm Residenc- shops, offering one-stop convenience for resi- comfort, Dairy Farm Residences features facili- vice from Dairy Farm Residences to Hillview dences has residents covered when it comes to merce and its flagship building, UE BizHub CITY, es by United Engineers Limited (UEL) is dents as well as people living within the vicinity. ties such as an elegantly appointed multi-purpose and Bukit Panjang MRT stations where resi- a well-rounded lifestyle. was marked a historic site by the Singapore Na- poised to rejuvenate the area while ac- Catering to the different needs of residents, clubhouse, 50m lap pool, all-day dining spac- dents can choose between the Downtown Line tional Heritage Board in 2002. centuating the rustic charm of the neigh- UEL is offering 460 luxurious residential homes es, barbeque pits, tennis court, sun decks and or Bukit Panjang LRT. By train, the CBD is less Developing icons Dairy Farm Residences is envisioned as an- Lbourhood. arranged in two 15-storey and two 5-storey tow- bespoke lifestyle pavilions. The clubhouse also than 25 minutes away. Since its establishment in 1912, UEL and its sub- other icon in this legacy. An apartment at the Occupying a site area of approximately 211,488 ers. Apartment layouts offered include two-bed- comes fully equipped with an induction stove, Shopaholics will be pleased to find several sidiaries have played a key role in the economic project is not just an investment for the future sq ft, the 99-year leasehold Dairy Farm Residenc- room units from 624 to 775 sq ft; three-bedroom refrigerator, oven and sink and can host up to malls and supermarkets nearby. In addition to and physical transformation of Singapore. Build- but a home that provides the best of nature and es is the first unique integrated development in units from 915 to 1,313 sq ft and four-bedroom 50 guests, meeting your entertainment needs. Dairy Farm Residences’ retail podium, HillV2 ing on its early engineering roots, the firm has retail. Discover and experience the limitless op- the vicinity with a two-level retail podium. Here, apartments from 1,324 to 1,475 sq ft. Each unit will feature balconies that welcome and The Rail Mall are approximately 1km away. evolved into a dynamic corporation with key portunities at Dairy Farm Residences’ showflat Occupying a site area of approximately 211,488 sq ft, the 99-year leasehold Dairy Farm Residences is the first unique one will find a gourmet supermarket, a food hall, To safeguard residents’ privacy, the residen- the essence of nature blending seamlessly into the Meanwhile, Hillion Mall, Bukit Panjang Plaza and business activities in property rental and hospi- along Dairy Farm Walk. integrated devel opment in the vicinity with a two-level retail podium