Issue7|www.Propwise.

sg

SINGAPOREPROPERTYWEEKLY Issue7

FromtheEditor

Contribute

WelcometotheseventheditionoftheSingapore
PropertyWeekly.Weaddedpropertytransactionsin
thelastissue,sortedbydistrict.Wehopetheyhelp
youinkeepingtrackofthemarket!
Mr.Propwise

Doyouhavearticlesandinsightsandarticlesthat
youdliketosharewiththousandsofreaders
interestedintheSingaporepropertymarket?Send
themtousatinfo@propwise.sg,andiftheyre
goodenough,wellpublishthemhere,onourblog
andevenonYahoo!News.

Contents

Advertise

SingaporePropertyThisWeek
Pg2
CEAIssuesGuidelineonEthicalAdvertising
byPropertyAgents
Pg7
NewRecordPriceforaMassMarketProjectPg10
NonLandedResidentialResaleProperty
TransactionsfortheWeekofJune18to24 Pg13

Wanttogetyourbrand,product,serviceor
propertylistingouttothousandsofSingapore
propertyinvestorsataveryreasonablecost?Head
overtowww.propwise.sg/advertise/ tofindout
more.

Copyright2011www.Propwise.sg.AllRightsReserved.

Page|1

SINGAPOREPROPERTYWEEKLY Issue7

SingaporePropertyThisWeek
ResidentialNews
GrandToweratNovenaupforsaleat$88.8
million
21,742sqftGrandTowerlocatedinNovenaisup
forsalewithanaskingpriceof$88.8million
($1,381psf ppr).Thefreeholdresidentialsite,
whichcurrentlyhousesa33yearoldtowerblock
with28apartmentsofapproximately1,873sqft
each,canpossiblyberedevelopedintoaluxurious
lifestyledevelopmentwithpermissibleGFAof
5,974.64sqmetres (approximately64,310sqft).
Savillsmentionedthatthesitecanhouse74
apartmentsof800sqfteachonaverage.Judging
fromtheaskingprice,theprojectbreakevencost
ofthesiteisaround$1,900to$2,000psf,withno
DCpayable.

DBSSschemeunderreviewthanksto$880,000
unitatCentrale 8
ThehighaskingpriceforDBSSflatscameunder
thespotlightwhentheaskingpriceforaunitat
Centrale 8reached$880,000.Accordingto
MinisterKhaw,theDBSSschemeisbeingreviewed
andupcomingDBSSlandsaleshavebeenwithheld.
Forexample,HDBhaswithdrawnthetenderfora
2.3hectareDBSSsiteatSengkang whichwas
launchedlastmonthandexpectedtoendonJuly
20.Also,HDBwillnotbeputtingtheDBSSsitein
Bendemeer upforsaleaswaspreviouslyplanned.
However,oldtendersandDBSSsitessoldlastyear,
whichincludestheCentrale 8site,willstillbegin
theirsalesintheupcomingmonths.

Copyright2011www.Propwise.sg.AllRightsReserved.

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SINGAPOREPROPERTYWEEKLY Issue7
TenderforLagunaParkclosed;CrystalTowerand
DaisyApartmentsupforenblocsale
ThetenderforLagunaParkcollectivesalewithan
indicatedpriceof$1.33billionwasclosedasa
privatetreatyisbeingnegotiated.Residentscan
likelyreceivearound$2.2millioneachifadealis
reached.AtEweBoonRoad,CrystalTowerisupfor
collectivesaleatastatedpriceof$155million.
Sittingona60,482sqftfreeholdsitewithagross
plotratioof1.6,thebreakevencostforCrystal
Towerisestimatedtobearound$2,200to$2,300
psf withnoDCpayable.Ownersarelikelyto
receiveabout$5millionto$10millioneachfrom
thesale,giventhe$1,600psf ppr statedprice.
Similarly,DaisyApartmentsthatsitsona13,000sq
ftplotisupforsaleandexpectedtofetchaprice
thatexceeds$14.5million.
Mandopop SingerJJLinpurchasedTwinPeaks571
sqftonebedder unit
The99yearleaseholdTwinPeaksproject,which
consistsof462unitsintwoidentical35storey

towers,hasagainattractedacelebritybuyer.Apart
fromJackieChanandWakin Chau,Singaporeborn
singerJJLinalsopurchaseda571sqftonebedder
unitinTwinPeaks.TwinPeaksunitsaretradingat
around$2,850psf andthedevelopmentis
estimatedtocompleteby2014.DeveloperOUE
hassoldabout60unitswhentheprojectwas
launchedlastyear,andthehighestpricefetchedis
$3,170psf.Whenanewshowflat isreadylaterthis
year,OUEwilllikelyrelaunch theproject.
AverageinvestmentdealsizeinQ2was17.9%
higherthanQ1withforeignersaccountingfor
17.6%ofalldealstransacted:DTZ
TheinvestmentsalestransactedinQ2wasaround
$8.3billion,aslightincreasefromthe$8billion
achievedinQ1.DTZnoticedthatthenumberof
foreignersresponsibleforallpropertyinvestment
dealsinQ2was17.6%,anincreasefromthe10.5%
inQ1.SalesofGLSsites,whichmadeup55%of
totalinvestmentsalesatatotalof$4.6billion,was
thelargestportioninQ2investments;

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SINGAPOREPROPERTYWEEKLY Issue7
the16sitesawardedfromGLSprogramme inQ2
doubledtheamountinQ1.Also,theaveragedeal
sizeinQ2was17.9%higherthanthatofQ1.
SalesresultforunitsinSkylineResidences,
BlossomResidencesEC,ThomsonGrandCondo,
andaprojectoppositeSingaporeIslandCountry
Club
InTelok Blangah area,80outof100unitsof
freeholdSkylineResidenceshavebeensoldat
$1,800to$1,900psf onaverage.Thecheapest
unit,whichwassoldatapproximately$950,000,is
a484sqftonebedderunit.OveratBukitPanjang,
around150unitsof99yearleaseholdBlossom
ResidencesEChavebeensoldatanaverageprice
of$685psf.Atwobedroomunitcostsatleast
$548,000andafourbedder unitcostsatleast
$841,000.AlongUpperThomsonRoad,thefirst50
unitsatThomsonGrandCondothatweresetaside
forfirstdaypreviewhaveallbeensnappedupatan
averagepriceof$1,330psf.Also,the99year
leaseholdprojectoppositeSingaporeIsland

CountryClubsold11outofits22strataterraces;
thehighestpricefetchedwas$4.1million.
Punggol ECsiteattractedonly3bidswhile150
unitsweresoldforBlossomResidencesEConits
firstdayofsale
APunggol ECsiteattractedonlythreebidsandthe
topbidof$270.08psf ppr wasbelowmarket
expectationsof$300psf ppr to$350psf ppr.CBRE
estimatedthatthebreakevencostforaprojectat
thesitewillfallbetween$570psf to$600psf.Over
atSegarRoad,about150unitsofthe602unit
BlossomResidencesECweresoldonitsfirstdayof
salesatanaveragepriceof$690psf.Pricesfor
twobedders fallbetween$548,000to$590,000,
compactthreebedders startsfrom$659,000,
normalthreebedders startsfrom$723,000,four
bedroomdualkeyunitstartsfrom$931,000,and
penthousesrangefrom$1.088millionto$1.276
million.

Copyright2011www.Propwise.sg.AllRightsReserved.

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SINGAPOREPROPERTYWEEKLY Issue7
CommercialNews
OfficerentsincreasedinQ2butgrowthwill
probablyslowdownwhensupplyforofficespace
increased
DTZnoticedthattheaveragegrossrentofofficesin
RafflesPlaceandHarbourfront increased5.4%to
$9.80psf pmand4.3%to$7.30psf pmoverthe
quarterinQ2respectively.AccordingtoCBRE,
overallrentsforGradeAofficesincreased2.9%
overthequarterto$10.60psf pmwhileprime
officerentsincreased2.3%to$8.80psf pminQ2.
CBREpredictedthatabout8.4millionsqftofoffice
spacewouldbebuiltfrom2H2011to2015;CBRE
ispositivethatdemandforofficespacewill
increaseandrateofrentalgrowthwillthenbe
moderated.Similarly,DTZpredictedthataverage
officerentinRafflesPlacewillincreaseby15%to
18%in2011whilerateofgrowthwillslowdownin
futurewithincreasedsupply.

Stronggrowthforindustrialleasingandsales
marketinQ2
Primegroundfloorfactoryspaceaveragemonthly
grossrentinQ2increased7.1%,morethanthe
3.4%hikeinQ1,to$2.25psf;primegroundfloor
warehousespaceaveragemonthlygrossrent
increased6.4%,morethanthe4.8%hikeinQ1,to
$2.34psf.Also,theindustrialsalesmarketalso
looksoptimistic.Developersarelaunchingseveral
projectssuchastheOxleyBizhub inUbi.Colliers
notedthattheaveragecapitalvalueforprime
freeholdgroundfloorfactoryspacesawa3.2%
hiketo$574psf fromQ1toQ2,whileprime
freeholdgroundfloorwarehousespaceincreased
7.5%to$571psf overthesameperiod.

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SINGAPOREPROPERTYWEEKLY Issue7
OfficeinTanjong Pagar andCecilStreet/Robinson
Roadfetchhighpricesasofficeinvestmentsales
continuetorise
InTanjong Pagar,a12storeyfreeholdoffice
buildingRCLcentrewithexistingNLAof
approximately92,500sqftwassoldforaround
$175million($1,890psf),higherthanthe$1,476
psf paidfornearbyGenting CentrethisFebruary.
Also,the$2,600psf pricepaidfortwoofficespaces
atSamsungHubrecentlyishigherthanthe$2,125
psf paidforfourfloorfloorsinthebuildinglast
August.13storeyfreehold135CecilStreetwith
NLAof85,431sqftissaidtohavereceiveda
$2,200psf offer,settinganewpricerecordinCecil
Streetarea.Similarly,nearbyfreeholdFinexis
Buildinghasreceivedanoffercloseto$2,000psf
whileRobinsonPointhasattractedapriceof
$2,250to$2,300psf.

Copyright2011www.Propwise.sg.AllRightsReserved.

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SINGAPOREPROPERTYWEEKLY Issue7

CEAIssuesGuidelineonEthicalAdvertisingbyPropertyAgents
ByMr.Propwise
TheCouncilforEstateAgencies(CEA)hasissueda
PracticeGuidelinetopromoteethicaladvertising
bypropertyagents.Theseguidelineswere
developedafterconsultationwithpropertyagents,
industryassociations,governmentbodiessuchas
theHDBandURA,andtheConsumersAssociation
ofSingapore.Theseguidelineswillapplytoall
formsofadvertisements,includingclassifieds,
pamphletsorflyers,onlineadvertising,SMSand
evensocialmedia.
Witheffectfrom1August2011,propertyagents
must:
1.Refrainfromusingmisleadingheadlinesand
claims
UseofheadlinessuchasKingofxxx(location),

Copyright2011www.Propwise.sg.AllRightsReserved.

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SINGAPOREPROPERTYWEEKLY Issue7
Mr.xxx(location,RealEstateSpecialistor
Expertarenolongerallowed.Propertyagents,
mustalsoensurethatanyclaimsofexpertise,
specializationorsuccessratecanbesubstantiated
byverifiablerecords.
2.Displaytheirprofessionaldetails
Detailsliketheirname,registration/licenseand
contactnumbersmustbeincludedinevery
advertisement.
3.Ensureaccuratecontentsintheir
advertisements
Advertisementsarenotallowedtobeinaccurateor
misleading.Soclaimsofratesofreturnorrental
yieldmustbesubstantiated,andcrediblesources
quoted.Inthecaseofpictures,onlyreal
photographsmaybeused,includingthingssuchas
theviewfromtheunitandtheactualinterior.
Agentsarealsonotallowedtosuggestorabet
circumventingofanylawsandregulations
e.g.helpingownerstoselltheirHDBflatsbefore

theMinimumOccupationPeriod.
4.Engageinresponsibleadvertising
SMSpropertyadvertisementsmustprovideavalid
mobilephonenumberforconsumerstooptoutof
futuremessages,andSMSadvertisingcannottake
placebetween10pmand9am.
Propertyagentsarealsonotallowedtomarketany
propertywithouttheowner'sconsent.Those
caughtadvertisingotherpeople'sunitordummy
adorinthehopetogetdirectbuyerswillbe
penalisedasitistantamounttounethicalcodeof
conduct.Ifyoususpectsomeoneelseisdoingthat,
youmayreportthemtoCEAinwriting.
AccordingtoMr.LeeSayKee,Director(Regulatory
Control)ofCEAandChairpersonofCEAsEthical
AdvertisingWorkGroup,misleadingand
unauthorizedadvertisementsareamongthetop
threecategoriesofpubliccomplaints.Hefurther

Copyright2011www.Propwise.sg.AllRightsReserved.

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SINGAPOREPROPERTYWEEKLY Issue7
adds,Todate,wehaveissued23lettersofadvice
toestateagentsandsalespersononsuch
complaints.TheGuidelineswillprovideclarityon
thedosanddontsofadvertising,therebyraising
professionalandethicalstandardsintheindustry.
Membersofthepublicwhowouldliketolodgea
complaintcandosoattheCEAwebsitehere:
http://www.cea.gov.sg/cea/content/resources_faq
/faqComplaintForm.html.
Willthepublicfinallybefreeofthenuisanceof
spamSMSes andmailboxesfullofpropertyflyers?
Letsseehoweffectivetheenforcementofthese
guidelinesare!

Copyright2011www.Propwise.sg.AllRightsReserved.

Page|9

SINGAPOREPROPERTYWEEKLY Issue7

NewRecordPriceforaMassMarketProject
ByMr.Propwise
ThomsonGrandhassetanewbenchmarkforthe
massmarketsegment,pricedatanaverageof
$1,330psf.DevelopedbyHongKongdeveloper
CheungKong,itwaslaunchedlatelastweekand
reportedlysoldoutall50launchunitsonthefirst
day.Thisrepresentsaround20%ofthe361units.
ThomsonGrandisa99yearleaseholdprivate
residentialdevelopmentlocatedinUpperThomson.
ThepriceforunitsatThomsonGrandrangesfrom
$1,100to$1,600psf andthedeveloperoffereda
~5%discountonthefirstdayoflaunch.The
averageASPof$1,330representsa25%premium
tothenearbyMeadowsatPierce,afreehold
projectlaunchedinmid2009.
Forpotentialbuyers,dounderstandthatbuyingan
apartmentatadiscountdoesnotmeanthesame

thingasbuyingitcheap.Developers,likemany
otherretailers,tendtosetthelistpricehigh,and
thenofferbuyersadiscounttoincreasethe
perceptionofgettingagooddeal.Italsogivesthem
moreflexibilityintermsofpricing ifsalesisgood
theycanreducethediscountforfurthertranches,
andthuseffectivelyraisepriceswithouthavingto
dosoexplicitly.Reportedlythediscountat
ThomsonGrandwasreducedto4%overthe
weekendafterthebriskfirstdaysales.
AtThomsonGrand,thesizeoftheunitsrangefrom
900sqft2bedroomunitsto6,500sqftstrata
titledhomes.Theabsenceofsmallshoeboxunitsis
notable.Also,thelandedstratatitledsoldbriskly
reportedly11ofthe22strataunitshavebeensold
whilemostoftheremaininghavebeenreserved.
Theseunitsappealinparticulartoforeignersasit
allowsthemtogetaroundthebuyingrestrictions
onlandedproperty.

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SINGAPOREPROPERTYWEEKLY Issue7
Giventhattheapartmentsizes(andthustotal
quantums)arefairlylarge,itappearsthatmostof
thebuyersarepotentialendusers.Itwas
estimatedthat70%ofthebuyershadboughtthe
unitsforownusewhile30%wereinvestors,
comingmainlyfromSingapore,Malaysia,China,
andIndonesia.
Morecoolingmeasuresontheway?
ThomsonGrandslaunchmayhavesoldout,but
theinitialweekends20%takeuprateofunitswas
lowerthantheaverage30%to35%forother
recentmassmarketprojects.Thiscouldbedueto
thedevelopercontrollingtherateofsalesbutis
alsolikelyduetobuyerresistancetothehighper
squarefootprices.
Whilepriceshavenotcomedown,volumesseem
tobeslowingacrossmostsegments.Blossom
Residences,anExecutiveCondominiumatBukit
Panjang,soldaround150ofatotalof602units(a
25%takeuprate)atanaveragepsf ofS$685onthe

firstdayoflaunch.
Centrale 8,aDBSSprojectthathasbeenfeatureda
lotinthenewsrecentlyduetoitspricing,soldonly
35%ofthetotal708unitsdespitebeing2x
oversubscribedbeforethelaunch.Itseemsthat
potentialbuyersarestayingawayasthereisthe
perceptionthatupcomingpolicychangescould
bringdownthepricesofHDBflats.
Wearecurrentlyatacriticaljuncture astandoff
betweensellersandbuyers,representedbythe
gapbetweensellersaskingpricesandwhatbuyers
willingtobid.
Aslongaspriceskeeprising,thegovernmentis
likelytointroducemoremeasurestocurbfurther
speculationandexuberance,especiallyonthe
publichousingfront,andthisshouldhavea
negativeimpactontheprivateresidentialmass
marketsegment.

Copyright2011www.Propwise.sg.AllRightsReserved.

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SINGAPOREPROPERTYWEEKLY Issue7

Copyright2011www.Propwise.sg.AllRightsReserved.

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SINGAPOREPROPERTYWEEKLY Issue7

NonLandedResidentialResalePropertyTransactionsfortheWeekofJune18to24
Postal
District
1
1
1
1
1
1
1
1
2
2
2
3
3
3
3
3
3
4
4
5
5
5
5
5
8

ProjectName
THESAIL@MARINABAY
THECLIFT
THECLIFT
THECLIFT
THECLIFT
THECLIFT
THECLIFT
PEOPLE'SPARKCOMPLEX
SPOTTISWOODERESIDENCES
ICON
CRAIGPLACE
RIVERPLACE
MERAPRIME
ASCENTIASKY
DOMAIN21
QUEENS
THEANCHORAGE
CARIBBEANATKEPPELBAY
THEINTERLACE
THEPEAK@BALMEG
BOTANNIA
THEINFINITI
MONTEREYPARKCONDOMINIUM
FABERCREST
STUDIOS@MARNE

Area
(sqft)
883
527
527
527
527
506
527
409
592
581
1,044
2,626
1,313
1,475
1,281
1,195
1,238
1,668
2,142
1,507
1,572
915
1,625
1,249
517

Transacted UnitPrice
Price($)
($psf)
2,869,750
3,251
1,218,888
2,311
1,215,000
2,304
1,209,465
2,293
1,159,000
2,197
1,110,000
2,194
1,150,000
2,180
530,000
1,296
1,321,140
2,232
1,050,000
1,806
1,625,000
1,556
4,580,000
1,744
1,750,000
1,333
1,921,200
1,303
1,648,000
1,287
1,430,000
1,197
1,480,000
1,196
2,680,000
1,606
2,443,900
1,141
2,080,000
1,380
1,770,000
1,126
960,000
1,049
1,631,000
1,003
995,000
797
700,000
1,355

Postal
District
8
8
8
9
9
9
9
9
9
9
9
9
10
10
10
10
10
10
10
10
10
10
10
10
10

Copyright2011www.Propwise.sg.AllRightsReserved.

ProjectName
CITYSQUARERESIDENCES
CITYSCAPE@FARRERPARK
KERRISDALE
SCOTTSSQUARE
HELIOSRESIDENCES
RIVERGATE
RIVERGATE
THETRILLIUM
CAIRNHILLCREST
MIRAGETOWER
OLEANASRESIDENCE
OLEANASRESIDENCE
FOURSEASONSPARK
DUCHESSRESIDENCES
REGENCYPARK
THEBALMORAL
LOFT@NATHAN
SOMMERVILLEGRANDEUR
AVALON
ONEJERVOIS
D'LEEDON
THETRIZON
THELEGEND
THEPRINCETON
SEVENHOLTROAD

Area Transacted UnitPrice

(sqft)
Price($)
($psf)
1,206 1,600,000
1,327
2,723 3,288,000
1,207
1,259 1,290,000
1,024
635
2,343,150
3,690
1,281 3,490,000
2,725
1,023 2,100,000
2,054
1,539 3,150,000
2,046
2,217 4,214,200
1,901
2,465 4,610,000
1,870
1,227 1,850,000
1,508
1,238 1,750,000
1,414
1,550 2,150,000
1,387
2,874 7,900,000
2,749
1,604 3,130,000
1,952
3,175 5,750,000
1,811
2,659 4,650,000
1,749
990
1,692,900
1,710
1,830 3,050,000
1,667
1,163 1,918,950
1,651
1,292 2,088,000
1,616
893
1,334,800
1,494
1,894 2,800,000
1,478
2,228 3,280,000
1,472
861
1,180,000
1,370
1,862 2,550,000
1,369

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SINGAPOREPROPERTYWEEKLY Issue7
Postal
District
10
10
10
10
11
11
11
11
11
11
11
11
11
11
11
12
12
12
12
12
12
12
12
12
12
12
13
13
13

ProjectName
CHATEAULEFAME
DUCHESSCREST
THESERENADE@HOLLAND
RIDGEWOOD
SOLEIL@SINARAN
VIVA
PARKINFINIAATWEENAM
PARKINFINIAATWEENAM
SHELFORD23
SKY@ELEVEN
THELINC
AMARYLLISVILLE
TREVOSEPARK
M21
HILLCRESTARCADIA
CASAFORTUNA
THEVERVE
CASAFORTUNA
THEVERVE
VISTARESIDENCES
TREVISTA
BEACONHEIGHTS
THEVERVE
BOONTECKTOWERS
BALESTIERPOINT
BOONTECKTOWERS
8@WOODLEIGH
WOODSVILLE28
SERANCOURT

Area
(sqft)
1,119
1,087
1,787
1,744
495
1,345
850
1,464
829
2,713
1,292
958
1,690
3,025
1,798
506
441
506
441
1,313
861
667
829
1,658
1,119
1,722
398
829
1,862

Transacted UnitPrice
Price($)
($psf)
1,500,000
1,340
1,400,000
1,288
2,170,000
1,214
1,980,000
1,135
970,000
1,959
2,508,425
1,864
1,580,000
1,858
2,650,000
1,810
1,420,000
1,713
4,422,190
1,630
1,830,000
1,417
1,350,000
1,409
2,365,048
1,399
4,125,000
1,364
1,850,000
1,029
775,000
1,532
665,000
1,507
750,000
1,482
636,000
1,441
1,800,000
1,371
1,040,000
1,208
780,000
1,169
886,888
1,070
1,473,800
889
990,000
884
1,473,800
856
545,000
1,368
995,000
1,200
1,250,000
671

Postal
District
13
13
13
14
14
14
14
15
15
15
15
15
15
15
15
15
15
15
15
15
15
15
15
15
15
15
15
15
15

Copyright2011www.Propwise.sg.AllRightsReserved.

ProjectName
SERANCOURT
SERANCOURT
SERANCOURT
ROYCERESIDENCES
CASAAERATA
VISTAYAVIEW
THESUNFLOWER
THESEAFRONTONMEYER
THESEAFRONTONMEYER
SILVERSEA
AALTO
THEMAKENA
PEBBLEBAY
PEBBLEBAY
VIBES@EASTCOAST
WATERPLACE
SANCTUARYGREEN
PARCELEGANCE
PEBBLEBAY
COTED'AZUR
FINLANDGARDENS
WATERPLACE
PARCELEGANCE
COSTARHU
THEMONTAGE
WORTHINGTON
PALMVISTA
SANTAFEMANSIONS
MANDARINGARDENCONDOMINIUM

Area
(sqft)
1,862
1,862
1,862
409
549
1,076
1,625
1,066
1,604
1,066
1,442
1,744
2,626
1,894
807
1,281
829
700
1,894
1,109
1,475
1,356
721
2,551
635
893
1,055
1,076
2,024

Transacted UnitPrice
Price($)
($psf)
1,250,000
671
1,250,000
671
1,250,000
671
484,300
1,184
600,000
1,093
1,080,000
1,003
938,000
577
1,800,000
1,689
2,686,500
1,675
1,674,980
1,572
2,250,000
1,560
2,600,000
1,491
3,676,400
1,400
2,540,000
1,341
1,047,500
1,298
1,600,000
1,249
1,020,000
1,231
858,000
1,226
2,320,000
1,225
1,345,000
1,213
1,780,000
1,207
1,635,000
1,206
858,000
1,190
3,018,888
1,183
750,000
1,181
990,000
1,108
1,100,000
1,043
1,050,000
975
1,800,000
889

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SINGAPOREPROPERTYWEEKLY Issue7
Postal
District
15
15
15
15
16
16
16
16
16
16
16
16
16
16
16
16
16
17
17
17
17
17
17
17
17
17
18
18
18

ProjectName
VILLAMARINA
THEESPIRA
SUNNYPALMS
NEPTUNECOURT
THEDAFFODIL
PARBURYHILLCONDOMINIUM
BREEZEBYTHEEAST
THEBAYSHORE
CHANGICOURT
WATERFRONTGOLD
BAYSHOREPARK
THEDAFFODIL
THEBAYSHORE
EASTWOODGREEN
TANAMERACREST
TROPICANACONDOMINIUM
BEDOKCOURT
FERRARIAPARKCONDOMINIUM
FERRARIAPARKCONDOMINIUM
FERRARIAPARKCONDOMINIUM
BLUWATERS2
AVILAGARDENS
DAHLIAPARKCONDOMINIUM
CHANGIGARDEN
LOYANGVALLEY
LOYANGVALLEY
LIVIA
RISGRANDEUR
NVRESIDENCES

Area Transacted UnitPrice

(sqft)
Price($)
($psf)
1,130
930,000
823
1,765
1,450,000
821
1,345
1,090,000
810
1,270
970,000
764
743
765,000
1,030
840
850,000
1,012
1,776
1,776,000
1,000
980
938,000
958
1,098
1,000,000
911
1,292
1,145,700
887
1,076
950,000
883
753
645,000
856
1,259
1,027,600
816
1,012
790,000
781
1,195
913,000
764
1,765
1,085,000
615
2,271
1,351,000
595
1,066
1,160,000
1,089
958
948,000
990
1,023
975,000
953
872
788,000
904
893
740,000
828
1,249
966,000
774
1,399
960,000
686
1,507
900,000
597
1,528
810,000
530
915
930,000
1,016
1,367
1,223,888
895
1,227
1,078,560
879

Postal
District
18
18
18
18
18
18
18
18
18
19
19
19
19
19
19
19
19
19
19
19
20
20
21
21
21
21
21
21
22

Copyright2011www.Propwise.sg.AllRightsReserved.

ProjectName
WATERVIEW
LIVIA
NVRESIDENCES
SAVANNAHCONDOPARK
NVRESIDENCES
SAVANNAHCONDOPARK
CHANGIRISECONDOMINIUM
CHANGIRISECONDOMINIUM
THETROPICA
THEWATERLINE
THEMINTON
TERRASSE
THEFLORENTINE
THEMINTON
FONTAINEPARRY
THESPRINGBLOOM
COMPASSHEIGHTS
COMPASSHEIGHTS
THESPRINGBLOOM
COMPASSHEIGHTS
CENTRORESIDENCES
RAFFLESIACONDOMINIUM
JARDIN
CLEMENTIPARK
SIGNATUREPARK
SYMPHONYHEIGHTS
GRANDCHATEAU
BUKITREGENCY
THELAKESHORE

Area
(sqft)
1,130
1,539
1,184
1,453
1,270
1,227
1,281
1,259
1,722
1,238
560
893
958
700
1,485
1,119
1,324
1,324
1,130
1,959
1,001
915
1,776
1,076
1,367
1,539
1,141
1,528
1,163

Transacted UnitPrice
Price($)
($psf)
986,000
872
1,330,000
864
1,008,600
852
1,238,000
852
1,067,640
841
995,000
811
1,000,000
781
975,000
774
1,330,000
772
1,273,360
1,029
568,000
1,015
885,200
991
938,000
979
665,000
950
1,400,000
942
1,015,000
907
1,180,000
891
1,160,000
876
975,800
863
1,250,000
638
1,370,000
1,369
1,010,000
1,104
3,605,225
2,030
1,038,000
964
1,300,000
951
1,340,000
871
930,000
815
1,220,000
798
1,200,000
1,032

Page|15

SINGAPOREPROPERTYWEEKLY Issue7
Postal
District
22
22
23
23
23
23
23
23
23
23
23
25
25
25
26
26
27
27
27
27
27
27
28
28

ProjectName
THELAKEFRONTRESIDENCES
PARCOASIS
FORESQUERESIDENCES
THEPETALS
HILLBROOKS
PALMGARDENS
CHESTNUTVILLE
PALMGARDENS
REGENTGROVE
REGENTGROVE
PALMGARDENS
CASABLANCA
ROSEWOOD
ROSEWOOD
BULLIONPARK
SEASONSPARK
EIGHTCOURTYARDS
SELETARIS
YISHUNEMERALD
YISHUNSAPPHIRE
EUPHONYGARDENS
YISHUNSAPPHIRE
SELETARSPRINGSCONDOMINIUM
SELETARSPRINGSCONDOMINIUM

Area
(sqft)
1,216
1,507
1,432
1,765
1,173
1,206
2,077
1,216
1,195
1,163
1,206
893
1,173
2,153
1,259
1,066
969
1,324
1,001
1,206
1,195
1,399
1,335
1,335

Transacted
Price($)
1,230,000
1,200,000
1,578,800
1,650,000
938,666
880,000
1,500,000
870,000
820,000
790,000
811,000
765,888
848,000
1,270,000
1,050,000
830,000
810,480
1,000,000
750,000
845,000
820,000
880,000
1,020,000
898,000

UnitPrice
($psf)
1,011
796
1,103
935
800
730
722
715
686
680
673
857
723
590
834
779
837
755
749
701
686
629
764
673

NOTE:Thisdataonlycoversnonlandedresidentialresaleproperty
transactionswithcaveatslodgedwiththeSingaporeLandAuthority.
Typically,caveatsarelodgedatleast23weeksafterapurchasersignsan
OTP,hencethelaggednatureofthedata.

Copyright2011www.Propwise.sg.AllRightsReserved.

Page|16