Singapore Property Weekly Issue 83

7/30/2019 Singapore Property Weekly Issue 83

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Issue 83Copyright 2011-2012 www.Propwise.sg. All Rights Reserved.
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CONTENTS

p2 5 Bestselling New Property Launches of November

p9 Where Will the Property Market Go in 2013?

p15 Singapore Property News This Week

p18 Resale Property Transactions

(December 5 December 11)

Welcome to the 83th edition

of the Singapore Property

Weekly.

Hope you like it!

Mr. Propwise

FROM THE

EDITOR
mailto:[email protected]://www.propwise.sg/advertise/http://www.propwise.sg/advertise/mailto:[email protected]


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SINGAPORE PROPERTY WEEKLY Issue 83

Page | 2Back to Contents

What are the top selling projects by

developers this month? In this article, based

on analysis done at

PropertyMarketInsights.com, we will share

with you the five bestselling non-landed

projects launched by developers in November

2012 ranked by the number of units sold,

based on URA data. This list is a quick way

for you to identify new projects that are selling

well. Looking at the location, number of units

sold and prices, you can get a sense of where

the hot areas and projects are, and potentially

spot interesting opportunities in projects that

are nearby that could be selling at a

significant discount.

5 Bestselling New Property Launches of November
http://propertymarketinsights.com/http://propertymarketinsights.com/http://propertymarketinsights.com/http://propertymarketinsights.com/


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5. Bartley Residences, 43 units sold

(All map screenshots are taken from

OneMap.sg)

With 43 units sold in November, Bartley

Residences ranks fifth. It sold at a medianprice of $1,230 PSF, with the lowest price at

$1,042 PSF and the highest at $1,340 PSF.

With 702 units, the 99 year leasehold Bartley

Residences is expected to be completed by

2015. Bartley Residencess attraction is its

convenient location, located at Lorong HowSun, walking distance from Bartley MRT. Also

in the district are schools like Maris Stella

High School and Bartley Secondary School,

and this project has easy access to an array

of amenities such as public transport, eateries

and supermarkets nearby.


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4. Riversails, 81 Units Sold

With 81 units sold in November, Riversails is

in fourth place. It sold at a median price of

$858 PSF, with the lowest price at $721 PSFand the highest at $1,078 PSF. The 99 year

leasehold condominium is expected to be

completed by 2017 with 928 units. Riversails

offers an interesting array of facilities like a

jungle gym, mini theatre, stage of tales, island

swirl spa, green trellis, camping lawn, paddleboats and yoga pool. Riversails is located at

20, Upper Serangoon Crescent, near

Hougang MRT and Buangkok MRT. Nearby

schools include Pei Hwa Secondary School

and Fernvale Primary School. Residents can

go to Compass Point and Rivervale Plaza fordaily amenities.


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3. Waterbay, 84 Units Sold

With slightly more units sold in November,

Waterbay is in third place with 84 units sold. It

sold at a median price of $743 PSF, with thelowest price at $572 PSF and the highest at

$797 PSF. The 99 year leasehold

condominium is expected to be completed by

2016 with 383 units. Waterbay offers an

interesting array of facilities like gym,

cascading waterfall, reading pavilion,children's lounge, tea pavilion, sun lounge

and the rain shower. Waterbay is located at

45, Edgefield plains, near Cove LRT and

Punggol MRT. Nearby schools include

Punggol Secondary School and Edgefield

Primary School. Residents can go toCompass Point for daily amenities.


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2. D'Leedon, 133 Units Sold

A step up from the previous entry, D'Leedon

takes second place with 133 units sold in

November. It sold at a median price of $1,431PSF, with the lowest price at $1,325 PSF and

the highest at $1,937 PSF. The 99 year

leasehold condominium is expected to be

completed by 2014 with 1715 units. D'Leedon

offers facilities such as swimming pool and

clubhouse. D'Leedon is located at 151 King's

Road, near Farrer Road MRT. There are

many top tier schools in the vicinity like St

Magaret's Secondary School and Nanyang

Primary School. Residents can go to

Empress Road Market and Food Centre orHolland Village down the road for daily

amenities.

SINGAPORE PROPERTY WEEKLY I 83


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1. Eco Sanctuary, 140 Units Sold

Taking first place is Eco Sanctuary with 140

units sold in November. It sold at a median

price of $1,050 PSF, with the lowest price at

$740 PSF and the highest at $1,290 PSF.

The 99 year leasehold condominium is

expected to be completed by 2016 with 483

units. Eco Sanctuary offers a unique array of

facilities appealing towards nature lovers

such as a picnic lawn, island club, planter

wall, dragonfly path, gym, lotus pavilion and

bio pond. Eco Sanctuary is located at

Chestnut Avenue, near Pending LRT. Schools

in the vicinity include Chestnut Drive

Secondary School and Bukit Panjang

Primary School. Residents can go to Bukit

Panjang Plaza for daily amenities.

SINGAPORE PROPERTY WEEKLY I 83


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Now that you know what new properties are

selling well, use this knowledge to your

advantage. Identify market trends and choose

the right time to make your move. Till nextmonth!

Want a longer list of the bestselling new sale

projects? Or a list of the cheapest ones? You

can get this and much more at

PropertyMarketInsights.com, a site that helps

investors spot opportunities and time theirSingapore property purchases. Click here to

get your FREE report on Understanding the

Property Market Cycle to invest profitably

now.

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Where Will the Property Market Go in 2013?

By Mr. Propwise

Its that time of the year where we sum up

what happened in 2012 and peer into 2013 to

divine where the market may go. While Im

not a fan of forecasting (the type that says

the market will fall by 5% in the secondquarter) because I believe that the future is

not knowable with any certainty, I do think its

important for investors (and really anyone

looking to buy a sell a property) to take stock

of where we are in the market cycle and

analyze the factors that affect the supply anddemand of property to make a good decision.



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A quick summary of 2012

We had two additional rounds of property

control measures by the Government in

September and October 2012, aiming to cap

the proliferation of shoebox units and tighten

mortgage financing respectively, bringing the

total measures to six since the first round in

September 2009.

Figure 1 URA PPI since 2000

Have the measures worked? Well to some

extent, yes. The URA Property Price Index

(PPI) has risen by a muted 1.0% in the first

three quarters of 2012 versus 5.6% over the

same period in 2011, so the upwardacceleration in prices has been halted. But

prices are at a level that many feel are too

expensive and unaffordable, thus breeding

some discontent.

The other standout trend in 2012 was the

spiraling out of control of industrial property

prices. In 3Q2012 the Industrial Property

Price Index registered a stunning 8.8%

quarter-on-quarter growth to hit 183.3, an all-

time high, the twelfth quarter of growth. The

Industrial Property Price Index has already

risen by 26.7% in the first three quarters of

2012, and an astonishing 102.8% since

3Q2009, versus just 34.9% for the residential

PPI over the same period.

http://www.propwise.sg/sayonara-shoeboxes/http://www.propwise.sg/sayonara-shoeboxes/http://www.propwise.sg/the-impact-of-the-6th-round-of-property-cooling-measures/http://www.propwise.sg/the-impact-of-the-6th-round-of-property-cooling-measures/http://www.propwise.sg/have-industrial-property-prices-spiraled-out-of-control/http://www.propwise.sg/have-industrial-property-prices-spiraled-out-of-control/http://www.propwise.sg/have-industrial-property-prices-spiraled-out-of-control/http://www.propwise.sg/have-industrial-property-prices-spiraled-out-of-control/http://www.propwise.sg/have-industrial-property-prices-spiraled-out-of-control/http://www.propwise.sg/have-industrial-property-prices-spiraled-out-of-control/http://www.propwise.sg/have-industrial-property-prices-spiraled-out-of-control/http://www.propwise.sg/have-industrial-property-prices-spiraled-out-of-control/http://www.propwise.sg/have-industrial-property-prices-spiraled-out-of-control/http://www.propwise.sg/have-industrial-property-prices-spiraled-out-of-control/http://www.propwise.sg/have-industrial-property-prices-spiraled-out-of-control/http://www.propwise.sg/have-industrial-property-prices-spiraled-out-of-control/http://www.propwise.sg/have-industrial-property-prices-spiraled-out-of-control/http://www.propwise.sg/have-industrial-property-prices-spiraled-out-of-control/http://www.propwise.sg/have-industrial-property-prices-spiraled-out-of-control/http://www.propwise.sg/have-industrial-property-prices-spiraled-out-of-control/http://www.propwise.sg/have-industrial-property-prices-spiraled-out-of-control/http://www.propwise.sg/the-impact-of-the-6th-round-of-property-cooling-measures/http://www.propwise.sg/the-impact-of-the-6th-round-of-property-cooling-measures/http://www.propwise.sg/the-impact-of-the-6th-round-of-property-cooling-measures/http://www.propwise.sg/the-impact-of-the-6th-round-of-property-cooling-measures/http://www.propwise.sg/the-impact-of-the-6th-round-of-property-cooling-measures/http://www.propwise.sg/sayonara-shoeboxes/http://www.propwise.sg/sayonara-shoeboxes/http://www.propwise.sg/sayonara-shoeboxes/http://www.propwise.sg/sayonara-shoeboxes/http://www.propwise.sg/sayonara-shoeboxes/http://www.propwise.sg/sayonara-shoeboxes/http://www.propwise.sg/sayonara-shoeboxes/http://www.propwise.sg/sayonara-shoeboxes/http://www.propwise.sg/sayonara-shoeboxes/http://www.propwise.sg/sayonara-shoeboxes/http://www.propwise.sg/sayonara-shoeboxes/


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Industrialists with thin margins are going to

have a tougher time funding their real estate

needs.

Plentiful supply in 2013 and beyond

The URA has collated that a total of 93,800

private housing units (including about 9,800

EC units) that will be constructed over the

next few years, with about 43% or 40,000 of

those (including 3,400 EC units) still yet to be

sold.

Based on the URA data collated by

PropertyMarketInsights.com, residential

completions will peak in 2015 at 23,667 units

based on the private residential supply

pipeline, or a 47% increase over thecompletion expected in 2013. Despite this,

the government has kept the land supply

relatively constant (at least so far based on

the 1H13 Government Land Sales

Programme), perhaps in an effort to prevent

the perception of a squeeze in the supply ofland that could lead to higher prices.

has been matched by a strong demand

for property

While the large increase in supply sounds

scary, it is worth pointing out that demand hasbeen very strong for the past few years, and

has continued to be strong so far this year as

well.

http://propertymarketinsights.com/http://www.propwise.sg/how-does-the-1h13-gls-programme-impact-property-supply/http://www.propwise.sg/how-does-the-1h13-gls-programme-impact-property-supply/http://www.propwise.sg/how-does-the-1h13-gls-programme-impact-property-supply/http://www.propwise.sg/how-does-the-1h13-gls-programme-impact-property-supply/http://www.propwise.sg/how-does-the-1h13-gls-programme-impact-property-supply/http://www.propwise.sg/how-does-the-1h13-gls-programme-impact-property-supply/http://www.propwise.sg/how-does-the-1h13-gls-programme-impact-property-supply/http://www.propwise.sg/how-does-the-1h13-gls-programme-impact-property-supply/http://www.propwise.sg/how-does-the-1h13-gls-programme-impact-property-supply/http://www.propwise.sg/how-does-the-1h13-gls-programme-impact-property-supply/http://www.propwise.sg/how-does-the-1h13-gls-programme-impact-property-supply/http://www.propwise.sg/how-does-the-1h13-gls-programme-impact-property-supply/http://www.propwise.sg/how-does-the-1h13-gls-programme-impact-property-supply/http://propertymarketinsights.com/http://propertymarketinsights.com/http://propertymarketinsights.com/


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Year-to-date till November 2012 there has

been an estimated total transaction volume of

37,597 units, comprising 24,970 developer

and 12,627 secondary sales (Figure 1.1.5b).

This is 118% of the annual average of 31,826

units. If demand going forward continues tobe as strong as it has in the past couple of

years then the upcoming supply could well be

absorbed without any weakness in the

market.

Low interest rates could continue to prop

the market up

The standard argument I hear about why

property prices will continue to stay high is

due to the abundant amount of liquidity andcurrent low interest rate environment, thanks

to a trigger happy Fed whose new mission is

to protect high prices by flooding the market

with dollars via Quantitative Easing every

time there is any sign of weakness.



14/20



I completely agree that a low interest rate

environment is supportive of property prices,

and with interest rates close to zero,

borrowing money to reach for yield sounds

like a rational idea. The problem is that givenweve had interest rates hovering close to

zero for several years now since the Global

Financial Crisis, many people are starting to

believe that interest rates will be low forever.

Well, my friends, forever is a very long time,

and iftheres one thing Im certain about, it is

that interest rates will not stay low forever. Do

remember that the current low interest rate

environment is an abnormal situation, one put

in place to support a weak growth

environment in the Developed World.

Behaviorally, we human beings tend to

extrapolate the current situation into the

future, but markets dont work like that.

What could possibly happen to reverse the

low interest rate environment? One possibility

is a recovery of US growth. Another is a spike

in inflation. In the 1970s the US was plagued

by a combination of spiraling inflation andweak economic growth, otherwise known as

stagflation. It took a strong Fed chairman by

the name of Paul Volcker to beat the inflation

monster, but at the cost of a recession, and

he did it by hiking the federal funds rate rates

to a peak of 20% (!) in June 1981. If thathappens again, it will certainly be a disaster

for property.

But beware of the Black Swans

A reader recently wrote to me to sum up his

view of where the market would go in 2013:Property prices are unlikely to correct at all in

2013 given the liquidity and low interest

rates.



15/20



And heres my response to him: One of the

favourite Latin phrases that economists like to

use is ceteris paribus, i.e. all else being

equal, to assume away any other

inconvenient or unknown variables. So ceterisparibus, yes seems like prices are unlikely to

correct. But markets have a funny way of

throwing a curveball when you least expect it

things like a recession (GDP growth is

already slowing) and unemployment, an

inflation shock, or a new crisis (whetherfinancial or otherwise, e.g. epidemics). And

given where we are in the cycle, I think the

market is vulnerable as lots of buyers have

already committed.

As members of PropertyMarketInsights.com

know, we are currently in the Late Bull stage

of the Property Market Cycle Model, when

property price increases start to slow down

after a steep run up during the Early Bull

Market Phase, and is an indicator that we are

nearing the peak of the cycle. In other words,

the downside risk is greater than the upside,

and anyone thinking of buying a property now

should be very cautious when doing so.

Mr. Propwise is the author of Timing the

Property Market.

http://propertymarketinsights.com/http://www.propwise.sg/timing-your-investment-in-the-singapore-property-market/http://propertymarketinsights.com/timing-the-property-market/http://propertymarketinsights.com/timing-the-property-market/http://propertymarketinsights.com/http://propertymarketinsights.com/timing-the-property-market/http://propertymarketinsights.com/timing-the-property-market/http://propertymarketinsights.com/timing-the-property-market/http://propertymarketinsights.com/timing-the-property-market/http://propertymarketinsights.com/timing-the-property-market/http://propertymarketinsights.com/timing-the-property-market/http://propertymarketinsights.com/timing-the-property-market/http://www.propwise.sg/timing-your-investment-in-the-singapore-property-market/http://www.propwise.sg/timing-your-investment-in-the-singapore-property-market/http://www.propwise.sg/timing-your-investment-in-the-singapore-property-market/http://www.propwise.sg/timing-your-investment-in-the-singapore-property-market/http://www.propwise.sg/timing-your-investment-in-the-singapore-property-market/http://www.propwise.sg/timing-your-investment-in-the-singapore-property-market/http://www.propwise.sg/timing-your-investment-in-the-singapore-property-market/http://propertymarketinsights.com/http://propertymarketinsights.com/http://propertymarketinsights.com/


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S G O O ssue 83

Singapore Property This Week


Residential

Private home sales fell by 44% in

November

1,087 private homes excluding ECs were sold

in November, a 44.2% fall from 1,948 in

October, and a 36.1% from the same periodin 2011. This is attributed to the lack of major

launches (773 units, a 53% fall from

Octobers 1,633 units) and possibly the latest

cooling measures. While there were no ECs

launched in November, 179 ECs from earlier

launches were sold. Including ECs, 1,266

homes were sold, compared to 2,624 in

October, though demand remained high. 65%

of the private homes sold excluding ECs werefrom the OCR. 20,879 private homes

(excluding ECs) were sold by November

2012, and the year is expected to end with

21,000-24,000 homes sold. 3,672 EC units

were sold in the same period, and the figure

may exceed 4,000 by year end with 1,000-1,300 units sold in December. While prices

are likely to continue their upward trend as a

result of inflated land prices, sales volume is

expected to fall to 16,000-18,000 units or

even 10,000-12,000 units in 2013 if land

sales stabilise.

(Source: Business Times)



17/20


Caution abounds in collective sales

market

With the introduction of ABSD in December

2011, developers have increasingly turned

towards smaller sites in 2012, and this islikely to continue in 2013. In particular, small-

to mid-size land parcels of below $200 million

are expected to be the most popular. While

there were record deals such as the sale of

Thomson View condominium at $712 psf ppr

or $590 million, such cases are rare and

attributed to its proximity to the newly

announced Upper Thomson MRT station , or

the need of some developers to replenish

their land banks. 24 sites were transacted

year-to-date at a total value of around $2

billion, compared to the 51 sites transacted at

$3.2 billion last year. Only three out of the 24sites sold were in the prime districts; this due

to the smaller demand for homes in such

districts as a result of the cooling measures.


Last two 99-year H2 GLS residential sites

released

The first is a 1.2-hectare confirmed-list site

located along Commonwealth Avenue, next to

Queenstown MRT Station with a 4.9 GPR

allowing it to potentially yield 700 units in a

condominium over 40 storeys. The expected

top bid for the site ranges from $700 psf ppr

to $1,100 psf ppr from five to 10 bidders. It is

expected to be highly popular since it islocated in a mature estate. The tender will

close on Feb 5 2013.

The second is a 2.6-ha reserve-list site in

New Upper Changi Road, next to Tanah

Merah MRT Station. It can potentially yield

600 units. It is expected to attract 10 bidderswith a top bid of $780-$830 psf ppr if

launched now.




18/20


Commercial

MTI to release 22 industrial sites in H1

2013

The 22 sites (13 confirmed-list sites and nine

reserve-list sites) have a total site area of

24.84 hectares. To ensure that genuine

industrial end-users get factory space that

meets their needs, certain sites a subject to a

minimum number of large factory units. All 13

confirmed-list sites are zoned B2, possibly

due to the already ample supply of B1

industrial sites. Of these sites, eight are under

1.0 ha; six of which are 22-year leasehold

0.5ha sites with a 1.0 plot ratio located in

Tuas South. Such small sites can draw five-

19 bids with top bids of $30-78 psf ppr, under

$10 million. The nine sites on the reserve list

include five small sites on Tuas South Street

6 and Street 8) have debut on the reserve list

and four larger 30-year leasehold sites.


URA releases last 2 commercial sites

under GLS

The first is a confirmed-list 1.1-ha site on

Venture Avenue near Jurong East MRT

Station. It can yield a 25-storey development

with a maximum GFA of 694,939 sq ft, of

which 90% must be set aside of offices that

can be strata sub-divided. It is expected to

attract five to eight bids with a top bid of

$700-800 psf ppr.

The second is a reserve-list 0.8-ha site

located at Cecil Street/Telok Ayer Street near

Tanjong Pagar MRT Station which can

support a 50-storey development with a

maximum GFA of 830,510 sq ft. The sitezoned for commercial and open space use

may attract three to six bids with a top bid of

$800-1,000 psf ppr, if triggered for sale.




19/20


Non-Landed Residential Resale Property Transactions for the Week of Dec 5 Dec 11

Postal

DistrictProject Name

Area

(sqft)

Transacted

Price ($)

Price

($ psf)Tenure

1 THE SAIL @ MARINA BAY 1,184 2,700,000 2,280 99

3 RIVER PLACE 743 985,000 1,326 994 MARINA COLLECTION 1,873 5,525,350 2,950 99

4 REFLECTIONS AT KEPPEL BAY 1,076 1 ,833,000 1,703 99

4 CARIBBEAN AT KEPPEL BAY 840 1,428,000 1,701 99

4 CARIBBEAN AT KEPPEL BAY 1,227 1,928,000 1,571 99

5 THE PEAK 5,500 7,700,000 1,400 FH

5 CARABELLE 947 1,195,000 1,262 956

5 BLUE HORIZON 936 1,050,000 1,121 99

5 PARC IMPERIAL 1,464 1,620,000 1,107 FH

5 DOVER PARKVIEW 1,249 1,360,000 1,089 995 DOVER PARKVIEW 1,324 982,000 742 99

7 BURLINGTON SQUARE 667 935,000 1,401 99

8 URBAN LOFTS 753 950,000 1,261 FH

8 RANGOON VIEW 1,335 1,600,000 1,199 FH

8 KENTISH COURT 1,066 1,180,000 1,107 99

9 THE SUITES AT CENTRAL 1,012 2,500,000 2 ,471 FH

9 PATERSON RESIDENCE 1,313 3,103,000 2,363 FH

9 THE COSMOPOLITAN 1,141 2,480,000 2,174 FH

9 SCOTTS HIGHPARK 4,209 8,900,000 2,115 FH

9 THE PATERSON 1,206 2,500,000 2,074 FH

9 MIRAGE TOWER 570 1,168,000 2,047 FH

9 ROBERTSON 100 872 1,570,000 1,801 FH

9 MIRAGE TOWER 958 1,680,000 1,754 FH

Postal


Area

(sqft)

Transacted

Price ($)

Price

($ psf)Tenure

9 ROBERTSON 100 1,001 1,728,888 1,727 FH

9 ROBERTSON 100 678 1,170,000 1,725 FH9 ASPEN HEIGHTS 883 1,500,000 1,699 999

9 ASPEN HEIGHTS 1,324 2,138,000 1,615 999

9 HORIZON TOWER 2,422 3,000,000 1,239 99

10 THE ORANGE GROVE 2,691 6,076,278 2,258 FH

10 THE SOLITAIRE 1,625 3,000,000 1,846 FH

10 GLENTREES 1,442 2,230,000 1,546 999

10 CHARLESTON 1,206 1,830,000 1,518 FH

10 JERVOIS REGENCY 1,905 1,875,000 984 FH

11 PARK INFINIA AT WEE NAM 850 1,800,000 2,117 FH11 SOLEIL @ SINARAN 1,722 3,444,000 2,000 99

11 D' IXORAS 840 1,290,000 1,536 FH

11 NEWTON EURO-ASIA 1,539 2,308,500 1,500 FH

11 SHELFORD REGENCY 1,098 1,618,000 1,474 FH

11 M21 1,345 1,920,000 1,427 FH

11 CHANCERY PARK 1,679 2,350,000 1,399 FH

11 THE ARCADIA 3,821 4,400,000 1,151 99

12 TREVISTA 861 1,300,000 1,510 99

12 TREVISTA 861 1,288,888 1,497 99

12 TRELLIS TOWERS 1,647 1,850,000 1,123 FH

13 EURO-ASIA PARK 1,528 1,671,500 1,094 FH

14 CASSIA VIEW 2,314 2,400,000 1,037 FH

14 STARVILLE 1,216 1 ,200,000 987 FH



20/20


NOTE: This data only covers non-landed residential resale propertytransactions with caveats lodged with the Singapore LandAuthority. Typically, caveats are lodged at least 2-3 weeks after apurchaser signs an OTP, hence the lagged nature of the data.

Postal


Area

(sqft)

Transacted

Price ($)

Price

($ psf)Tenure

14 SIMSVILLE 1,249 1,200,000 961 99

15 AALTO 1,959 3,150,000 1,608 FH

15 THE MAKENA 1,636 2,428,000 1,484 FH

15 ONE AMBER 1,701 2,510,000 1,476 FH15 THE MAKENA 1,615 2,300,000 1,425 FH

15 ESPIRA SUITES 678 950,000 1,401 FH

15 THE MEYER PLACE 1,453 1,970,000 1,356 FH

15 EASTERN LAGOON 893 1,130,000 1,265 FH

15 GRAND DUCHESS AT ST PATRICK'S 2,508 3,110,000 1,240 FH

15 SANCTUARY GREEN 1,141 1,400,000 1,227 99

15 HAIG COURT 1,475 1,768,800 1,199 FH

15 HERITAGE RESIDENCES 1,163 1,280,000 1,101 FH

15 ST PATRICK'S COURT 1,324 1,450,000 1,095 FH

15 CEYLON CREST 1,206 1,230,000 1,020 FH

15 CRESCENDO BUILDING 1,206 1,190,000 9 87 FH

15 MANDARIN GARDEN CONDOMINIUM 1,572 1,500,000 954 99

15 LAGUNA PARK 1,615 1,380,000 855 99

15 NEPTUNE COURT 1,636 1,350,000 825 99

16 COSTA DEL SOL 1,227 1,728,800 1,409 99

16 COSTA DEL SOL 1,916 2,242,000 1,170 99

16 BREEZE BY THE EAST 2,368 2,625,000 1,108 FH

16 BAYSHORE PARK 936 1,030,000 1,100 99

16 THE BAYSHORE 980 1,028,800 1,050 99

16 THE BAYSHORE 958 950,000 992 99

16 TANAMERA CREST 1,604 1,280,000 798 99

16 KEW GREEN 3,509 2 ,400,000 684 99

17 FERRARIA PARK CONDOMINIUM 1,023 980,000 958 FH

Postal


Area

(sqft)

Transacted

Price ($)

Price

($ psf)Tenure

17 EDELWEISS PARK CONDOMINIUM 1,335 1,210,000 907 FH

17 BALLOTA PARK CONDOMINIUM 1,012 888,000 878 FH

17 AVILA GARDENS 1,755 1,460,000 832 FH

18 MELVILLE PARK 1,302 920,000 706 9919 THE QUARTZ 1,044 1,070,000 1,025 99

19 RIO VISTA 1,249 1,090,000 873 99

19 CHUAN PARK 1,496 1,270,000 849 99

19 RIVERVALE CREST 1,195 948,888 794 99

20 CLOVER BY THE PARK 1,604 1,605,000 1,001 99

20 BRADDELL VIEW 1,582 1,360,000 860 99

21 THE CASCADIA 581 1,100,000 1,892 FH

21 THE CASCADIA 1,184 1,921,000 1,622 FH

21 THE CASCADIA 1,163 1,765,000 1,518 FH

21 CAVENDISH PARK 1,227 1,399,999 1,141 99

21 SPRINGDALE CONDOMINIUM 926 1,035,500 1 ,119 999

21 HUME PARK I 1,356 1,288,000 950 FH

22 PARC OASIS 1,507 1,390,000 922 99

23 MERAWOODS 1,345 1,375,000 1,022 999

23 HILLTOP GROVE 1,238 978,000 790 99

Documents

Singapore Property Weekly Issue 83