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DoneDeals

THEEDGE SINGAPORE  | jUNE 24, 2013  •1

Done Deals

THEEDGE SINGAPORE | June 24, 2013 • 1

SAMUEL ISAAC CHUA, THE EDGE SINGAPORE

The Edge Singapore Property Transaction Tracker

A 2,379 sq ft four-bedroom apartment on the 17th floor of Marina Bay Residences was sold for $9.04 million, or $3,800 psf

Prime district buys for $2,500 psf and below | BY amy tan |

O

ver the week of May 30 to June 6, it seemed that discerning buyers had turned their attention to the prime districts, snapping up units in Marina Bay Residences, Paterson Residence, Leonie Hill Residences, Leonie Studio, and Belle Vue Residences.

At the 99-year leasehold Marina Bay Residences, jointly developed by Cheung Kong Holdings, Hongkong Land and Keppel Land, two units were transacted over the seven-day period. One was a 710 sq ft studio apartment on the 25th floor, which sold for $1.74 million, or $2,449 psf. The other was a 2,379 sq ft fourbedroom apartment on the 17th floor, which changed hands at $9.04 million, or $3,800 psf. This is the second highest psf price achieved at the development. The highest psf price achieved was in April 2011 when a 2,368 sq ft four-bedroom apartment on the 46th floor was sold for $10.34 million, or $4,368 psf. The project was completed in 2010 and comprises 428 studios and twoto four-bedroom units. “The market for ultra-high-end properties priced at $3,000 psf and above is stirring after almost half a year of quiescence,” says Alan Cheong, head of research at Savills Singapore. He believes that properties in this segment will start benchmarking their prices according to the recent transaction at Marina Bay Residences. Elsewhere, investors are zooming in on District 9. At the freehold Paterson Residence, the most recent transaction was for a 1,313 sq ft three-bedroom apartment on the 20th floor, which transacted at $3.28 million, or $2,500 psf. Developed by GuocoLand, the project was completed in 2008 and consists of 110 threeand fourbedroom units. At Leonie Hill Residences, a 1,141 sq ft twobedroom apartment on the third floor changed hands at $2.29 million, or $2,007 psf. The 29- storey freehold project was developed by Sino Holdings and completed in 2005. It comprises 80 two- and three-bedroom units and penthouses. At the nearby Leonie Studio, a 689 sq ft studio was sold for $1.38 million, or $2,003 psf. The 99-year leasehold project was developed by GuocoLand and consists of 92 studios, twobedroom apartments and penthouses. At Belle Vue Residences, a 3,681 sq ft fourbedroom unit on the fifth floor was sold for $5.89 million, or $1,600 psf. Developed by Wing Tai, the 176-unit project was designed by internationally acclaimed Japanese architect Toyo Ito. The freehold project was completed in 2010 and contains nine five-storey blocks, with a mix of two-bedroom units of 1,378 sq ft to five-bedroom penthouses of more than 5,000 sq ft. Located on Oxley Walk, Belle Vue Residences is a redevelopment of a project of the same name. Wing Tai was also the developer of the former Belle Vue. According to Savills’ Cheong’s “Exploiting the Pricing Abnormalities” report released on June 17, since the first round implementation of the Additional Buyers Stamp Duty on Dec 8, 2011, foreign demand for non-landed properties has fallen significantly. For the prime districts of 1 and 2 (CBD core and Marina Bay), 4 (Sentosa Cove), as well as 9, 10 and 11 (traditional Orchard Road area), collectively known as the Core Central Region or CCR, the share of foreign buyers who are either permanent residents or nonpermanent residents fell from 57% in 4Q2011 to 33% in 1Q2013. “As foreign demand had constituted the majority of transactions in the prime districts, the decline in demand could have explained why prices for these locations fell,” he says. Cheong also points out that when it comes to relative pricing, there is a narrowing price gap between non-landed projects in prime districts and mid-market properties. According to him, the mid-tier sector was revived with the successful launch of the 99-


2 • THEEDGE SINGAPORE | June 24, 2013

Done Deals

year leasehold 508-unit Echelon at Alexandra Road at the end of last year. Based on URA’s new home sales figures, the median price of units sold at Echelon in May was $2,006 psf. In districts 1 and 2, the average price for new non-landed projects in 1Q2013 was $2,213 psf, while similarly sized units of about 770 sq ft in the Alexandra area was $1,872 psf. In 4Q2011, average price, regardless of size, in districts 9,10, and 11 was $2,520 psf. This fell 33% to $1,689 psf in 1Q2013. During the same period, prices went up in the Alexandra district and districts 1 and 2. “This is a significant development because suddenly, we realise that prices in the Alexandra area had closed up tremendously with the CBD and the prime districts of 9, 10 and 11, possibly due to the market’s loss of focus in the latter area,” says Cheong. As for rentals, apartments in the prime districts range from a low of $3.80 to $8.80 psf per month, with the higher end found at the freehold Scotts Square developed by Wheelock Properties.

Meanwhile, most new prime luxury apartments can fetch rents of between $6.50 and $7.70 psf per month, according to Cheong. He believes that buyers are taking advantage of the pricing anomaly to purchase units in the prime districts. According to him, in the Alexandra Road area, about 40% of those who bought had HDB addresses. “This shows there is a large enough potential market for these to switch over to buying CBD and districts 9,10 and 11 residential properties,” he says. As Cheong sees it, prices in the prime districts will continue to ease till end-3Q2013 and stabilise before rising in 2014. “If midtier prices start to increase, it will be a matter of time before projects in the CCR also move up, [and] that could be why buyers are beginning to take the plunge into the high-end segment of the residential market,” he says. He adds that local high-net-worth buyers are choosing to invest in properties that offer developer discounts as these developments are perceived to have good value. E

For Enquiries, please contact SAVILLS INVESTMENT SALES :

• Prestigious and Coveted Nassim Hill Address • In close proximity to shopping malls, embassies, botanic garden and future MRT stations • Minimum 4 spaciously designed en-suite bedrooms • Private pool, spacious balconies and garden • Top quality kitchen system and appliances • Last 3 units. Sizes from 3,229 – 5,759 sqft • Foreigners Eligible. Ready for immediate occupation

Philip Ng (CEA reg: R022688F) Mobile: +65 9002 2038 Email: png@savills.com.sg


THEEDGE SINGAPORE  | jUNE 24, 2013  •3

Apartment and condo transactions with contract dates from May 30 to June 7 Project

Property Tenure CONTRACT Type DATE

Floor Area (sq ft)

Done Deals

Transacted Unit Price Completion Type of Price ($) ($ psf) Date Sale

District 1 MARINA BAY RESIDENCES Condominium 99 years June 5, 2013 2,379 $9,040,200 $3,800 2010 Resale THE CLIFT Apartment 99 years June 4, 2013 495 $1,200,000 $2,424 2011 Resale MARINA BAY RESIDENCES Condominium 99 years June 1, 2013 710 $1,739,500 $2,449 2010 Resale PEOPLE’S PARK COMPLEX Apartment 99 years May 31, 2013 1,119 $1,010,000 $902 1972 Resale District 3 ECHELON Condominium 99 years June 5, 2013 452 $1,118,600 $2,474 Uncompleted New Sale QUEENS Condominium 99 years June 5, 2013 1,195 $1,640,000 $1,373 2002 Resale RIVER PLACE Condominium 99 years May 31, 2013 797 $1,180,000 $1,481 2000 Resale District 4 CARIBBEAN AT KEPPEL BAY Condominium 99 years June 5, 2013 1,485 $2,450,000 $1,649 2004 Resale CARIBBEAN AT KEPPEL BAY Condominium 99 years June 4, 2013 1,335 $2,200,000 $1,648 2004 Resale HARBOURLIGHTS Apartment Freehold June 4, 2013 1,173 $1,580,000 $1,347 1997 Resale THE PEARL @ MOUNT FABER Condominium 99 years May 31, 2013 1,819 $1,966,000 $1,081 2005 Resale District 5 WHITEHAVEN Apartment Freehold June 6, 2013 1,152 $1,760,000 $1,528 Uncompleted New Sale WHITEHAVEN Apartment Freehold June 6, 2013 635 $1,040,000 $1,638 Uncompleted New Sale THE INFINITI Condominium Freehold June 5, 2013 2,497 $2,467,036 $988 2008 Resale VARSITY PARK CONDOMINIUM Condominium 99 years June 5, 2013 1,012 $1,300,000 $1,285 2008 Resale WHITEHAVEN Apartment Freehold June 4, 2013 538 $871,000 $1,618 Uncompleted New Sale BLUE HORIZON Condominium 99 years June 4, 2013 1,152 $1,300,000 $1,129 2005 Resale NEWEST Apartment 956 years June 3, 2013 678 $1,024,900 $1,511 Uncompleted New Sale NEWEST Apartment 956 years June 3, 2013 474 $760,800 $1,606 Uncompleted New Sale NEWEST Apartment 956 years June 3, 2013 635 $984,500 $1,550 Uncompleted New Sale NEWEST Apartment 956 years June 3, 2013 474 $772,800 $1,632 Uncompleted New Sale PASIR VIEW PARK Condominium Freehold May 31, 2013 1,012 $1,275,000 $1,260 1994 Resale ONE-NORTH RESIDENCES Apartment 99 years May 31, 2013 1,421 $2,028,000 $1,427 2009 Resale THE TRILINQ Condominium 99 years May 31, 2013 710 $1,129,000 $1,589 Uncompleted New Sale WHITEHAVEN Apartment Freehold May 30, 2013 538 $877,000 $1,630 Uncompleted New Sale WHITEHAVEN Apartment Freehold May 30, 2013 538 $879,000 $1,633 Uncompleted New Sale CARABELLE Condominium 956 years May 30, 2013 1,302 $1,738,000 $1,334 2009 Resale THE PARC CONDOMINIUM Condominium Freehold May 30, 2013 2,476 $2,308,800 $933 2010 Resale ONE-NORTH RESIDENCES Apartment 99 years May 30, 2013 1,335 $1,850,000 $1,386 2009 Resale ONE-NORTH RESIDENCES Apartment 99 years May 30, 2013 592 $990,088 $1,672 2009 Resale WHITEHAVEN Apartment Freehold May 30, 2013 904 $1,385,000 $1,532 Uncompleted New Sale PALM MANSIONS Apartment Freehold May 30, 2013 1,098 $1,000,000 $911 1998 Resale District 7 SUNSHINE PLAZA Apartment 99 years June 4, 2013 764 $1,070,000 $1,400 2001 Resale District 8 CITYSCAPE @FARRER PARK Condominium Freehold June 3, 2013 1,378 $2,002,900 $1,454 Uncompleted New Sale CITYLIGHTS Condominium 99 years May 30, 2013 678 $1,000,000 $1,475 2007 Resale District 9 VIVACE Apartment 999 years June 7, 2013 452 $1,126,000 $2,491 2012 Sub Sale ESTILO Apartment Freehold June 7, 2013 581 $1,000,000 $1,720 2010 Resale LUMA Apartment Freehold June 6, 2013 904 $1,928,000 $2,132 2011 Resale RESIDENCES @ KILLINEY Apartment Freehold June 6, 2013 1,550 $3,267,000 $2,108 2012 Sub Sale ORCHARD TOWERS Apartment Freehold June 6, 2013 1,970 $3,000,000 $1,523 1975 Resale ASPEN HEIGHTS Condominium 999 years June 4, 2013 1,604 $2,880,000 $1,796 1998 Resale BELLE VUE RESIDENCES Condominium Freehold June 4, 2013 3,681 $5,889,600 $1,600 2010 Resale LEONIE STUDIO Apartment 99 years June 3, 2013 689 $1,380,000 $2,003 2006 Resale LEONIE HILL RESIDENCES Apartment Freehold June 3, 2013 1,141 $2,290,000 $2,007 2005 Resale PATERSON RESIDENCE Condominium Freehold May 31, 2013 1,313 $3,282,500 $2,500 2008 Resale MACKENZIE 88 Apartment Freehold May 31, 2013 463 $780,000 $1,685 2009 Resale UE SQUARE Apartment 929 years May 30, 2013 1,055 $1,700,000 $1,612 1997 Resale District 10 NATHAN RESIDENCES Apartment Freehold June 7, 2013 592 $1,180,000 $1,993 2013 Sub Sale SPANISH VILLAGE Condominium Freehold June 7, 2013 2,056 $2,638,000 $1,283 1987 Resale THE SIXTH AVENUE RESIDENCES Condominium Freehold June 7, 2013 1,356 $2,300,000 $1,696 2009 Resale ASTRID MEADOWS Condominium Freehold June 7, 2013 3,800 $6,830,000 $1,798 1990 Resale THE TENERIFFE Terrace House 99 years June 7, 2013 3,477 $2,830,000 $814 2003 Resale ONE JERVOIS Condominium Freehold June 7, 2013 1,701 $3,080,000 $1,811 2009 Resale VOLARI Condominium Freehold June 6, 2013 1,324 $3,250,000 $2,455 2012 Resale RIDGEWOOD Condominium 999 years June 6, 2013 1,744 $2,230,000 $1,279 1981 Resale

Purchaser Address HDB HDB Private Private HDB Private Private Private Private HDB HDB HDB Private Private HDB HDB Private Private HDB Private Private Private Private Private HDB Private HDB Private Private Private HDB Private HDB Private Private Private Private Private Private Private Private Private HDB Private HDB HDB Private Private Private HDB Private Private Private Private Private


4 • THEEDGE SINGAPORE | June 24, 2013

Done Deals

Apartment and condo transactions with contract dates from May 30 to June 7

Project Property Tenure CONTRACT Floor Area Transacted Unit Price Completion Type of Purchaser Type DATE (sq ft) Price ($) ($ psf) Date Sale Address HOLLAND GROVE Semi-Detached House 99 years June 6, 2013 2,260 $3,230,000 $1,428 1997 Resale Private HALLMARK RESIDENCES Condominium Freehold June 5, 2013 969 $2,230,000 $2,302 Uncompleted New Sale Private SOMMERVILLE PARK Condominium Freehold June 3, 2013 624 $1,260,000 $2,018 1985 Resale Private ALLSWORTH PARK Terrace House 999 years June 3, 2013 3,401 $4,120,000 $1,211 1985 Resale Private ASTRID MEADOWS Condominium Freehold May 31, 2013 2,745 $4,800,000 $1,749 1990 Resale Private AVALON Condominium Freehold May 31, 2013 1,830 $3,300,000 $1,803 1999 Resale Private DORMER PARK Condominium Freehold May 31, 2013 1,238 $1,885,000 $1,523 1993 Resale Private THE ASTON Apartment Freehold May 31, 2013 667 $1,125,000 $1,686 2002 Resale HDB 297 TANGLIN ROAD Detached House Freehold May 31, 2013 17,072 $23,500,000 $1,377 Unknown Resale Private VALLEY PARK Condominium 999 years May 31, 2013 1,701 $2,710,000 $1,593 1997 Resale Private ONE JERVOIS Condominium Freehold May 30, 2013 2,368 $4,120,000 $1,740 2009 Resale Private RIDGEWOOD Condominium 999 years May 30, 2013 1,981 $2,500,000 $1,262 1981 Resale HDB MON JERVOIS Condominium 99 years May 30, 2013 893 $1,978,460 $2,214 Uncompleted New Sale Private District 11 368 THOMSON Condominium Freehold June 5, 2013 1,722 $2,725,000 $1,582 Uncompleted Sub Sale Private 11 WATTEN RISE Terrace House Freehold June 4, 2013 1,765 $4,300,000 $2,436 Unknown Resale Private District 12 10 BENG WAN ROAD Detached House 99 years June 7, 2013 8,934 $2,000,000 $224 Unknown Resale Private ST FRANCIS COURT Apartment 99 years June 6, 2013 1,270 $1,053,000 $829 1994 Resale Private THE ARTE Condominium Freehold June 5, 2013 1,625 $2,030,000 $1,249 2010 Resale Private GAIA Apartment Freehold June 4, 2013 1,690 $2,551,815 $1,510 Uncompleted New Sale HDB EIGHT RIVERSUITES Condominium 99 years June 4, 2013 1,076 $1,400,000 $1,301 Uncompleted New Sale Private CASA IRRAWADDY Apartment Freehold May 31, 2013 1,119 $1,260,000 $1,126 1995 Resale Private DE PARADISO Apartment Freehold May 31, 2013 904 $1,200,000 $1,327 2004 Resale HDB District 13 SENNETT ESTATE Terrace House Freehold June 5, 2013 1,496 $2,100,000 $1,400 1956 Resale Private SENNETT RESIDENCE Condominium 99 years June 5, 2013 1,346 $1,923,000 $1,429 Uncompleted New Sale Private BARTLEY RIDGE Condominium 99 years June 4, 2013 969 $1,207,700 $1,247 Uncompleted New Sale Private BARTLEY RIDGE Condominium 99 years June 4, 2013 980 $1,182,900 $1,208 Uncompleted New Sale HDB SANT RITZ Condominium 99 years June 4, 2013 958 $1,326,647 $1,385 Uncompleted New Sale Private BARTLEY RIDGE Condominium 99 years June 3, 2013 732 $893,800 $1,221 Uncompleted New Sale Private SANT RITZ Condominium 99 years June 3, 2013 527 $849,000 $1,610 Uncompleted New Sale Private E MAISON Apartment Freehold June 3, 2013 936 $1,338,000 $1,429 Uncompleted New Sale Private BARTLEY RIDGE Condominium 99 years June 3, 2013 969 $1,177,400 $1,215 Uncompleted New Sale HDB BARTLEY RIDGE Condominium 99 years May 31, 2013 495 $646,300 $1,305 Uncompleted New Sale Private BARTLEY RIDGE Condominium 99 years May 31, 2013 495 $708,400 $1,431 Uncompleted New Sale Private District 14 GEYLANG CONSERVATION AREA Terrace House Freehold June 4, 2013 1,658 $3,500,000 $2,106 Unknown Resale Private LE CRESCENDO Condominium Freehold June 4, 2013 1,313 $1,500,000 $1,142 2006 Resale HDB WATERBANK AT DAKOTA Condominium 99 years June 3, 2013 1,572 $2,350,000 $1,495 2013 Sub Sale Private CANBERLIN LODGE Apartment Freehold May 31, 2013 1,152 $928,000 $806 2001 Resale HDB 19 JALAN ISHAK Terrace House Freehold May 31, 2013 1,582 $2,623,000 $1,659 Unknown Resale Private # 1 LOFT Apartment Freehold May 31, 2013 549 $745,158 $1,357 Uncompleted New Sale HDB PAVILION SQUARE Apartment Freehold May 30, 2013 431 $608,000 $1,412 Uncompleted New Sale HDB District 15 THE MAKENA Condominium Freehold June 7, 2013 1,152 $1,600,000 $1,389 1998 Resale Private PARADISE PALMS Apartment Freehold June 6, 2013 1,141 $1,650,000 $1,446 2002 Resale HDB THE WATERSIDE Condominium Freehold June 6, 2013 2,400 $3,450,000 $1,437 1992 Resale Private 301A TANJONG KATONG ROAD Apartment Freehold June 6, 2013 1,163 $1,100,000 $946 Unknown Resale HDB CELESTIA Apartment Freehold June 5, 2013 1,389 $1,410,000 $1,015 2009 Resale HDB KING’S MANSION Condominium Freehold June 4, 2013 1,604 $2,100,000 $1,309 1982 Resale Private BLU CORAL Condominium Freehold June 3, 2013 1,195 $1,220,000 $1,021 2009 Resale Private SIGLAP V Apartment Freehold June 3, 2013 420 $720,000 $1,715 2013 Sub Sale Private GALLERY 8 Apartment Freehold June 3, 2013 1,163 $1,320,000 $1,135 2004 Resale Private SANCTUARY GREEN Condominium 99 years June 3, 2013 1,356 $1,600,000 $1,180 2004 Resale HDB PEBBLE BAY Condominium 99 years June 3, 2013 2,336 $3,200,000 $1,370 1997 Resale Private 16 TEMBELING LANE Terrace House Freehold June 3, 2013 2,530 $3,300,000 $1,305 2001 Resale Private 27 JOO CHIAT AVENUE Terrace House Freehold May 31, 2013 1,668 $2,450,000 $1,468 1991 Resale Private CENTRINA Apartment Freehold May 31, 2013 721 $890,888 $1,235 2011 Resale Private EASTERN LAGOON Condominium Freehold May 31, 2013 2,024 $2,100,000 $1,038 1985 Resale HDB THE ESTA Condominium Freehold May 31, 2013 1,313 $1,980,000 $1,508 2008 Resale HDB OPERA ESTATE Terrace House Freehold May 31, 2013 2,024 $3,035,000 $1,501 Unknown Resale Private ST PATRICK’S RESIDENCES Apartment Freehold May 31, 2013 1,518 $2,180,000 $1,436 2013 New Sale Private MODA Apartment Freehold May 31, 2013 786 $1,314,282 $1,673 Uncompleted New Sale HDB


THEEDGE SINGAPORE  | jUNE 24, 2013  •5

Done Deals

Project

Property Tenure CONTRACT Type DATE

Floor Area (sq ft)

Transacted Unit Price Completion Type of Price ($) ($ psf) Date Sale

MODA Apartment Freehold May 30, 2013 969 $1,520,000 $1,569 Uncompleted New Sale THE SHORE RESIDENCES Condominium 103 years May 30, 2013 872 $1,300,000 $1,491 Uncompleted Sub Sale CRYSTAL RHU Apartment Freehold May 30, 2013 1,055 $1,420,000 $1,346 1999 Resale CAMELODGE Apartment Freehold May 30, 2013 990 $1,040,000 $1,050 1996 Resale MOUNTBATTEN LODGE Apartment Freehold May 30, 2013 334 $545,000 $1,633 1998 Resale District 16 SPRING PARK ESTATE Detached House Freehold June 6, 2013 6,986 $6,650,000 $951 2007 Resale TANAMERA CREST Condominium 99 years June 6, 2013 861 $938,000 $1,089 2004 Resale THE BAYSHORE Condominium 99 years June 3, 2013 1,238 $1,280,000 $1,034 1997 Resale BAYSHORE PARK Condominium 99 years June 3, 2013 1,292 $1,380,000 $1,068 1986 Resale TANAMERA CREST Condominium 99 years May 30, 2013 861 $840,000 $975 2004 Resale THE BAYSHORE Condominium 99 years May 30, 2013 1,432 $1,520,000 $1,062 1996 Resale District 17 88 JALAN SINAR BINTANG Terrace House Freehold June 5, 2013 1,625 $2,050,000 $1,265 2006 Resale THE GALE Condominium Freehold June 3, 2013 936 $1,058,000 $1,130 2013 Sub Sale BLUWATERS Apartment 946 years May 31, 2013 936 $900,000 $961 2007 Resale CHANGI HEIGHTS Terrace House Freehold May 30, 2013 2,379 $2,900,000 $1,217 2000 Resale AZALEA PARK CONDOMINIUM Condominium 999 years May 30, 2013 1,507 $1,388,888 $922 1996 Resale HEDGES PARK CONDOMINIUM Condominium 99 years May 30, 2013 1,076 $970,300 $901 Uncompleted New Sale District 18 STRATUM Condominium 99 years June 5, 2013 775 $809,000 $1,044 Uncompleted New Sale CHANGI RISE CONDOMINIUM Condominium 99 years June 4, 2013 1,259 $1,180,000 $937 2004 Resale CITYLIFE@TAMPINES Executive Condominium 99 years June 4, 2013 1,238 $973,500 $786 Uncompleted New Sale PASIR RIS BEACH PARK Terrace House 99 years June 4, 2013 2,390 $1,780,000 $744 1976 Resale SIMEI GREEN CONDOMINIUM Executive Condominium 99 years June 4, 2013 969 $925,000 $955 1999 Resale MELVILLE PARK Condominium 99 years June 4, 2013 958 $820,000 $856 1996 Resale STRATUM Condominium 99 years June 4, 2013 1,098 $968,655 $882 Uncompleted New Sale STRATUM Condominium 99 years June 4, 2013 775 $738,560 $953 Uncompleted New Sale THE TROPICA Condominium 99 years May 31, 2013 1,518 $1,400,000 $922 2000 Resale CHANGI RISE CONDOMINIUM Condominium 99 years May 31, 2013 1,023 $970,000 $949 2004 Resale CITYLIFE@TAMPINES Executive Condominium 99 years May 31, 2013 1,249 $1,024,000 $820 Uncompleted New Sale WATERCOLOURS Executive Condominium 99 years May 31, 2013 861 $582,200 $676 Uncompleted New Sale WATERCOLOURS Executive Condominium 99 years May 30, 2013 958 $723,300 $755 Uncompleted New Sale CITYLIFE@TAMPINES Executive Condominium 99 years May 30, 2013 1,378 $1,133,900 $823 Uncompleted New Sale ARC AT TAMPINES Executive Condominium 99 years May 30, 2013 807 $648,800 $804 Uncompleted New Sale CITYLIFE@TAMPINES Executive Condominium 99 years May 30, 2013 1,130 $930,400 $823 Uncompleted New Sale D’NEST Condominium 99 years May 30, 2013 936 $922,460 $985 Uncompleted New Sale WATERCOLOURS Executive Condominium 99 years May 30, 2013 1,141 $890,600 $781 Uncompleted New Sale District 19 KOVANA Apartment Freehold June 7, 2013 1,163 $1,300,000 $1,118 2007 Resale LA FIESTA Condominium 99 years June 6, 2013 1,098 $1,210,000 $1,102 Uncompleted New Sale SERANGOON GARDEN ESTATE Terrace House 999 years June 6, 2013 2,648 $3,008,940 $1,138 Unknown Resale SERANGOON GARDEN ESTATE Terrace House 999 years June 6, 2013 1,841 $2,094,990 $1,138 Unknown Resale SERANGOON GARDEN ESTATE Terrace House 999 years June 4, 2013 2,648 $4,018,000 $1,520 Unknown Resale HERON BAY Executive Condominium 99 years June 4, 2013 1,033 $777,000 $752 Uncompleted New Sale WATERBAY Executive Condominium 99 years June 3, 2013 926 $694,000 $750 Uncompleted New Sale THE MINTON Condominium 99 years May 31, 2013 1,808 $1,400,000 $774 Uncompleted Sub Sale CAMBIO SUITES Apartment Freehold May 31, 2013 581 $887,800 $1,527 Uncompleted New Sale TAI KENG GARDENS Terrace House Freehold May 31, 2013 1,884 $3,380,000 $1,799 Unknown Resale JADE RESIDENCES Apartment Freehold May 31, 2013 538 $876,000 $1,628 Uncompleted New Sale NORTHSHORE BUNGALOWS Detached House Freehold May 30, 2013 10,366 $3,487,000 $336 1995 Resale THE QUARTZ Condominium 99 years May 30, 2013 1,130 $1,300,888 $1,151 2009 Resale District 20 SEMBAWANG HILLS ESTATE Terrace House Freehold June 6, 2013 2,024 $2,250,000 $1,113 Unknown Resale SEMBAWANG HILLS ESTATE Terrace House Freehold June 5, 2013 2,131 $2,400,000 $1,128 Unknown Resale SEMBAWANG HILLS ESTATE Terrace House Freehold June 3, 2013 2,034 $3,220,000 $1,579 Unknown Resale ST NICHOLAS VIEW Terrace House 99 years June 3, 2013 1,755 $1,980,000 $1,126 1999 Resale RAFFLESIA CONDOMINIUM Condominium 99 years June 3, 2013 915 $1,130,000 $1,235 2003 Resale 7B JALAN BERJAYA Detached House Freehold June 3, 2013 5,597 $7,800,000 $1,393 1991 Resale SEMBAWANG HILLS ESTATE Terrace House Freehold May 31, 2013 1,894 $2,080,000 $1,100 Unknown Resale CLOVER BY THE PARK Condominium 99 years May 31, 2013 1,572 $2,000,000 $1,273 2011 Resale THOMSON HILLS Semi-Detached House Freehold May 31, 2013 3,864 $4,200,000 $1,087 1980 Resale BISHAN LOFT Executive Condominium 99 years May 30, 2013 1,367 $1,500,000 $1,097 2003 Resale District 21 CLEMENTI PARK Semi-Detached House Freehold June 3, 2013 4,026 $7,100,000 $1,765 Unknown Resale

Purchaser Address Private HDB HDB Private Private Private Private Private Private HDB Private Private Private Private HDB Private HDB HDB Private Private Private HDB Private HDB HDB HDB Private HDB HDB HDB HDB HDB HDB Private HDB Private HDB Private Private Private HDB HDB Private Private HDB Private Private HDB Private Private Private Private HDB HDB Private Private Private HDB Private


6 • THEEDGE SINGAPORE | June 24, 2013

Done Deals

Apartment and condo transactions with contract dates from May 30 to June 7

Project Property Tenure CONTRACT Floor Area Transacted Unit Price Completion Type of Purchaser Type DATE (sq ft) Price ($) ($ psf) Date Sale Address SOUTHAVEN I Condominium 99 years June 3, 2013 1,539 $1,390,000 $903 1997 Resale Private SUITES DE LAUREL Apartment 999 years May 31, 2013 721 $1,263,000 $1,751 2012 Sub Sale Private THE CASCADIA Condominium Freehold May 30, 2013 1,216 $2,150,000 $1,768 2010 Resale HDB CLEMENTI PARK Condominium Freehold May 30, 2013 2,497 $2,620,000 $1,049 1986 Resale Private MEADOWLODGE Condominium 99 years May 30, 2013 1,206 $1,340,000 $1,112 2004 Resale HDB District 22 PARK VIEW MANSION Apartment 99 years June 3, 2013 1,335 $918,000 $688 Unknown Resale HDB THE MAYFAIR Condominium 99 years May 30, 2013 1,227 $1,180,000 $962 2000 Resale Private WESTVILLE Terrace House 99 years May 30, 2013 1,615 $1,580,000 $982 1998 Resale HDB District 23 MI CASA Condominium 99 years June 7, 2013 1,324 $1,320,000 $997 2012 Resale HDB MONTROSA Condominium 999 years June 5, 2013 1,184 $1,330,000 $1,123 1999 Resale Private REGENT HEIGHTS Condominium 99 years June 5, 2013 1,023 $908,000 $888 1999 Resale Private HILLINGTON GREEN Condominium 999 years June 5, 2013 1,356 $1,418,000 $1,046 2002 Resale HDB THE JADE Condominium 99 years June 4, 2013 1,335 $1,408,000 $1,055 2004 Resale HDB PHOENIX HEIGHTS Terrace House Freehold June 4, 2013 1,798 $2,350,000 $1,305 1980 Resale Private PARKVIEW APARTMENTS Apartment 99 years June 4, 2013 1,119 $900,000 $804 1998 Resale Private HILLVIEW 128 Apartment 999 years June 3, 2013 1,044 $998,000 $956 2002 Resale HDB ECO SANCTUARY Condominium 99 years June 3, 2013 667 $775,280 $1,162 Uncompleted New Sale HDB HILLION RESIDENCES Apartment N.A. June 3, 2013 710 $973,000 $1,370 Uncompleted New Sale Private THE QUINTET Executive Condominium 99 years May 31, 2013 1,561 $1,350,000 $865 2006 Resale Private KINGSFORD . HILLVIEW PEAK Condominium 99 years May 31, 2013 603 $857,588 $1,423 Uncompleted New Sale HDB KINGSFORD . HILLVIEW PEAK Condominium 99 years May 31, 2013 517 $719,888 $1,393 Uncompleted New Sale Private THE QUINTET Executive Condominium 99 years May 31, 2013 1,259 $1,070,000 $850 2006 Resale HDB MICHAELS’ RESIDENCES Semi-Detached House 99 years May 30, 2013 2,217 $3,078,000 $1,386 Uncompleted New Sale Private District 25 LA CASA Executive Condominium 99 years June 5, 2013 1,216 $929,000 $764 2008 Resale HDB LA CASA Executive Condominium 99 years June 3, 2013 1,195 $968,000 $810 2008 Resale Private LA CASA Executive Condominium 99 years June 3, 2013 1,141 $928,000 $813 2008 Resale HDB LA CASA Executive Condominium 99 years June 3, 2013 1,259 $1,020,000 $810 2008 Resale HDB TWIN FOUNTAINS Executive Condominium 99 years June 3, 2013 1,206 $887,920 $737 Uncompleted New Sale HDB TWIN FOUNTAINS Executive Condominium 99 years June 3, 2013 1,399 $1,096,550 $784 Uncompleted New Sale HDB ROSEWOOD Condominium 99 years May 31, 2013 1,173 $1,000,000 $852 2003 Resale Private LA CASA Executive Condominium 99 years May 31, 2013 980 $825,000 $842 2008 Resale HDB LA CASA Executive Condominium 99 years May 31, 2013 980 $830,000 $847 2008 Resale Private LA CASA Executive Condominium 99 years May 30, 2013 1,195 $900,000 $753 2008 Resale HDB LA CASA Executive Condominium 99 years May 30, 2013 1,141 $900,000 $789 2008 Resale Private District 26 FOREST HILLS CONDOMINIUM Condominium 99 years May 31, 2013 1,163 $960,000 $826 2003 Resale HDB District 27 54 WAK HASSAN DRIVE Terrace House 99 years June 4, 2013 2,486 $2,700,000 $1,086 2012 Resale Private YISHUN EMERALD Condominium 99 years June 3, 2013 1,399 $980,000 $700 2002 Resale Private 1 CANBERRA Executive Condominium 99 years May 31, 2013 1,066 $730,000 $685 Uncompleted New Sale HDB THE ESTUARY Condominium 99 years May 31, 2013 1,313 $1,420,000 $1,081 2013 Sub Sale Private 1 CANBERRA Executive Condominium 99 years May 30, 2013 1,023 $788,612 $771 Uncompleted New Sale HDB SEMBAWANG SPRINGS ESTATE Semi-Detached House Freehold May 30, 2013 2,777 $3,380,000 $1,218 2001 Resale HDB District 28 FLORIDA PARK Terrace House Freehold June 6, 2013 1,615 $3,150,000 $1,947 2007 Resale Private FLORIDA PARK Terrace House Freehold June 5, 2013 1,615 $3,120,000 $1,929 2007 Resale Private THE TOPIARY Executive Condominium 99 years June 3, 2013 915 $656,236 $717 Uncompleted New Sale Private THE TOPIARY Executive Condominium 99 years June 3, 2013 1,292 $945,904 $732 Uncompleted New Sale HDB THE TOPIARY Executive Condominium 99 years June 3, 2013 1,292 $874,576 $677 Uncompleted New Sale Private THE TOPIARY Executive Condominium 99 years May 31, 2013 1,087 $793,592 $730 Uncompleted New Sale Private THE TOPIARY Executive Condominium 99 years May 31, 2013 1,292 $877,455 $679 Uncompleted New Sale HDB THE TOPIARY Executive Condominium 99 years May 30, 2013 915 $676,200 $739 Uncompleted New Sale HDB THE TOPIARY Executive Condominium 99 years May 30, 2013 1,292 $926,001 $717 Uncompleted New Sale Private THE TOPIARY Executive Condominium 99 years May 30, 2013 1,087 $727,168 $669 Uncompleted New Sale Private THE TOPIARY Executive Condominium 99 years May 30, 2013 1,324 $860,108 $650 Uncompleted New Sale HDB

DISCLAIMER: Source: URA Realis. Updated June 18, 2013. The Edge Publishing Pte Ltd shall not be responsible for any loss or liability arising directly or indirectly from the use of, or reliance on, the information provided therein.


Done deals May 30-June 7  

Done deals for issue 580, May 30-June 7, 2013

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