Issue 175

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CONTENTS
p2 Jurong Lake District the Next Hotspot
for Property Hunting?
p7 The Jurong Lake District A Jewel or
the Next Punggol 21?
p13 Singapore Property News This Week
p20 Resale Property Transactions
(September 10 September 16 )
Welcome to the 175
th
edition of the
Singapore Property Weekly.
Hope you like it!
Mr. Propwise
FROM THE
EDITOR
SINGAPORE PROPERTY WEEKLY Issue 175
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By Property Soul (Guest Contributor) I have to admit that Prime Minister Lee
HsienLoongsrecent 10th National Day Rally
speech failed to get my attention the whole
time. But the moment when I heard our PM
sayI thought tonight I should show ... Jurong
Lake at sunset, my heart immediately
skipped a beat.
He devoted a big part of his speech to paint a
heavenly picture of the Jurong Lake District,
followed by all the possibilities for future
development of the area, before he ended his
speech with a sentimental note on believing
in Singapore.
Wow, as property-obsessed Singaporeans,
how could our imaginations not run wild with
Jurong Lake District the Next Hotspot for Property Hunting?
SINGAPORE PROPERTY WEEKLY Issue 175
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the potential upside of properties in the west?
The future roadmap of Jurong Lake
District
The 'Jurong Lake Story' was first introduced
as part of the draft Master Plan 2008. It is the
'remaking our heartland' plan to shift business
activities from the CBD to the west by building
a commercial and residential hub in Jurong
for both business and leisure.
Five years on, the Jurong Gateway area was
almost there with office buildings, a training
centre, three shopping malls in three years,
as well as a hospital and a condominium on
the way.
The Jurong Lake Gardens area will also
undergo a facelift for the housing estates and
waterfront living. There will be a new cycling
network, cycling trails in Taman Jurong along
the town to town boulevard, Bukit Batok to
Jurong Gateway, as well as the community
boulevard to bring residents to the lakes. The
heartland corridor will link up estates and the
green spine will connect Teban and Pandan
Gardens.
When completed, the Jurong Lake Gardens
will be a family-friendly residential district
close to nature, watersports and outdoor
activities.
SINGAPORE PROPERTY WEEKLY Issue 175
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Should buyers take the plunge in the
west?
A strategic coverage of Jurong Lake District
at the National Day Rally can stimulate
interest from developers to bid for new sites
released in that area. But I am not from a
developer or a property agency who cant
wait to sell you the J Gateway, Lakeville,
Jurong West Condo or Vision Exchange.
I still recall vividly the day (29 June 2013)
when 1,400 blank cheques were submitted to
MCL Land to ballot for the 738-unit J
Gateway. Successful buyers paid $1,400 to
$1,800 psf for their units, only to find out later
in the evening that the government just
announced the TDSR framework with effect
from the very same day.
What signal do you think the government was
sending to the market?
What hardcore property investors and
landlords want
As a hardcore property investor, I only want
to buy value-for-money and good quality
properties minus all the market hype. The
moment I buy I have to be sure that I can
make a profit, and not have to hope that
prices will go up.
As a sophisticated landlord, I only want to buy
properties that attract expatriates with good
budgets, preferably on company leases. I
dont want to deal with difficult tenants, late or
no payment, etc.
I am not sure what you are looking for as a
buyer or a landlord, but ask yourself four
questions before you take the plunge:
1. Are you buying the hotspot area at the
peak or bottom of the market?
SINGAPORE PROPERTY WEEKLY Issue 175
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2. How long are you prepared for the hotspot
area to realize its full potential?
3. Do your dream tenants like to stay in
exclusive or heartland districts?
4. Will your tenants like to have the terminal
of Singapore-Kuala Lumpur High Speed Rail
at their doorstep?
Jurong Lake District the next East Coast
or Punggol?
Where do you stay? It is a casual question
commonly asked by Singaporeans. But you
can be sized up by your answer. Because in
Singapore, many judge your financial status
from the area where you live.
1. East Coast
East Coast in the Katong area has been
inhabited by the wealthy elite from the late
nineteenth century. It was where the
privileged class of Caucasians or prominent
local families built their seaside villas and
mansions. With the prestigious status and
rich heritage of the location, it is no doubt that
East Coast continues to be the preferred
choice for many expatriates and middle class
families.
2. Punggol
Punggol was traditionally a rural area with
animal and vegetable farms. With
urbanization and government planning, it has
been completely transformed into a new town
under the Punggol 21 initiative. Punggol has
changed from dotted farmhouses to crowded
HDB blocks and condominium projects
popular with young families.
3. Jurong
Jurong was planned to be an industrial area
for big factories from heavy industries.
SINGAPORE PROPERTY WEEKLY Issue 175
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Jurong Island was constructed for oil,
petrochemical and chemical plants. HDB flats
were built to house workers and their families
working in nearby factories. The working
class is thus the foundation of the Jurong
community, especially in the Jurong West
area. That is why Jurong often gives the
impression of having factory pollution and
traffic congestion.
The three shopping malls at Jurong Gateway
are frequented by heartlanders in flip flops
and short pants. The upscale Robinsons and
Isetan have their regional branches there.
They dont attract many customers like their
main stores in Orchard. For some reason I
still prefer to patronize the latter.
There is going to be a new hotel. It is absurd
that you dont see tourists in the Jurong Lake
area, the Chinese Garden and the Japanese
Garden. We make every effort to visit an
outlet mall in a foreign country. Yet tourists
here only flock to the two integrated resorts
but not IMM with 55 outlets and which is just
30 minutes drive from town.
Is Jurong Lake District a property gem?
Well, it is too early to tell.
Will the transformation of Jurong make it the
next East Coast?
Wait, we are not there yet. We have a long
way to go.
By guest contributor Property Soul, a
successful property investor, blogger, and
author of the No B.S. Guide to Property
Investment.
SINGAPORE PROPERTY WEEKLY Issue 175
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By Paul Ho (guest contributor)
The Punggol 21 Masterplan was rolled out
twenty years ago amidst much fanfare and
high expectations. Twenty years on, the
Punggol 21 Masterplan remains largely
unfulfilled. The Jurong Lake District idea was
mooted around 2008 as part of the
Masterplan, but did not garner much
confidence due to the failure of Punggol 21
(those people staying in Punggol East can
testify to the lack of amenities).
Apart from that, people who have witnessed
the natural beauty of the British Lake District
will find our Jurong Lake District a far cry from
it.
The Jurong Lake District A Jewel or the Next Punggol 21?
SINGAPORE PROPERTY WEEKLY Issue 175
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I thus initially dismissed the Jurong Lake
District Masterplan. However, fast-forward to
2014, and various developments have
mushroomed around the Jurong Gateway.
Making up for a lack of natural beauty
Whatever Singapore lacks in natural beauty, it
has a way of making up for with beautifully-
landscaped gardens and a wide range of
amenities. The Urban Redevelopment
Authority (URA) has delivered excellent town
planning that is purposeful and elegant.
(Source: Jurong Lake District brochure, URA)
SINGAPORE PROPERTY WEEKLY Issue 175
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Developments around Jurong East MRT have
started to take shape, anchored by the
Jurong East MRT interchange, established
businesses around the International Business
Park, major shopping malls, a hospital,
education hub, high-rise offices and
residential units.
The Jurong Lake district is not exactly a
green field site as there are many
developments already in place. As such, the
effort required to realize this Masterplan may
be smaller than that for Punggol 21 thus it is
less likely to fail.
Upcoming developments in the Jurong
Lake District
According to the Masterplan, these are the
developments planned for the Jurong area:
1. New Infrastructure such as a new bus
interchange, road network and upgrading of
Jurong East MRT Station
2. 1.9 ha White site next to Jurong East MRT
Station available for application in the
Government Land Sales Reserve List
3. Big Box Warehouse Retail Outlet (34,000
sqm of new retail space)
4. Jurong Entertainment Centre
redevelopment (28,000 sqm of retail space
and an Olympic-size ice skating rink)
5. New Jurong General Hospital and
Community Hospital (the integrated hospital
will serve residents staying in the west region)
Most of these developments are centered
around Jurong Gateway, the crown jewel of
the Jurong Lake District. With a catchment
consumer base of Jurong East HDB dwellers,
the Lakeside village (a designated F&B hub)
is likely to be developed fast and find
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success. The Lakeside village is connected
via bridges to the Japanese Garden and
Chinese Garden, bringing lakeside enjoyment
to residents staying nearby.
Developments along Yuan Ching Road have
yet to materialize. We estimate that the
Jurong Lake District could become a reality in
5 to 7 years. Once this area develops to
include waterfront hotels, it could revitalize
the Jurong area.
Hotspots in the Jurong Lake District
Ironically, the crown jewel of the Jurong Lake
District the Jurong Gateway is not
anywhere along the lake. The Jurong
Gateway is anchored by Jurong East MRT
station, and is a major MRT hub in the vicinity
of a newly-built hospital, new residential units,
and the International Business Park which
houses many multi-national companies.
Properties located near the Jurong Gateway
will thus be sought after.
Jurong Gateway condominiums have
transacted above $1700 psf for smaller sized
units. Some businesses may relocate to so as
to better manage their operations in Tuas or
in Johor/Iskandar. The Jurong Gateway is
likely to develop into the Orchard Road of
the West.
By contrast, developments along Yuan Ching
Road are largely incomplete. The area will be
revitalized when the lakefront hotels as well
as edutainment clusters are completed. The
prime locations in Yuan Ching Road will be
around Lakeside MRT station, which are
already being priced in the $1,300 to $1,500
psf range based on Lakefront Residences
figures.
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Other areas of Yuan Ching Road will be more
residential and therefore quieter. These
residences will be further from the MRT and
will likely be priced lower than those nearer to
Lakeside MRT.
Some HDB flats around Ho Ching road were
built in 1972 and are 42 years old. They are
ripe for selective en-bloc redevelopment
(whether residents like it or not). As land
becomes premium along Yuan Ching, Ho
Ching, Tah Ching and Kang Ching roads,
these HDB units may consequently become
targets for redevelopment.
More residential development to come
around the lake
We expect that premium residential housing
in the Jurong vicinity will be around Jurong
East MRT (Jurong Gateway) or Yuan Ching
road. Just like Bedok Reservoir, more
condominium clusters may form around the
lake. If selective en-bloc development takes
place, it is likely that premium housing will be
introduced in its place to capture maximum
land revenue for the government. As the
Jurong Gateway economic cluster and Tuas
relocation of factories take shape, more
people may opt to stay in and around Yuan
Ching Road, given the limited supply of
condominiums around Jurong Gateway.
Yuan Ching Road residences are connected
by bridges to the Japanese and Chinese
Gardens. If cycling is allowed in the gardens,
one can cycle to work in the Jurong Gateway
from Yuan Ching Road in 15 minutes. Given
the beautiful lake with bridges to walk
through, the distance from Jurong East MRT
to Yuan Ching could easily become an
enjoyable 15 to 30 minutes walk home,
thereby raising the value of housing along
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Yuan Ching Road. Thus we expect the
housing around Yuan Ching Road to narrow
the gap with those in the Jurong Gateway.
Some potential downsides
Most properties (if not all) in the area are 99
years leasehold. All things being equal, we do
not like leasehold properties. Not having a
choice for 999 and Freehold titles is a major
downside especially in newly-developed
estates.
Also, pricing will be capped and compared
against more established areas or regional
centers such as Orchard Road.
Furthermore, Jurong is an industrial hub with
factories in Tuas and a catchment workforce
of 100,000 people. Being more industrial in
nature and surrounded by historically-cheaper
HDB housing, Jurong is perceived to be more
working-class and blue-collar. It will take time
to change this perception. Capital upside may
be limited for buyers if developers get greedy
and price new developments too high.
Conclusion
The Jurong Lake District is an up and coming
district which looks very likely to be realized in
5 to 7 years in its entirety. It will also be the
most well-connected recreational, business,
edutainment, education and medical centre in
the West zone.
By Paul Ho, holder of an MBA from a
reputable university and editor of
www.iCompareLoan.com, Singapores first
Cloud-based Home Loan reporting platform
used by Property agents, financial advisors
as well as Mortgage brokers.
SINGAPORE PROPERTY WEEKLY Issue 175
Singapore Property This Week
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Residential
4,630 BTO flats launched in September
4,630 built-to-order flats will be launched in
September, said the Housing & Development
Board (HDB). These flats will be launched in
non-mature estates such as Bukit Batok,
Hougang and Jurong West. Projects will also
be released in mature estates like Kallang
and Whampoa. Flat applications will begin
from September 24 to September 30.
According to HDB, existing flat owners can
choose to pay half the downpayment of a new
flat, if they move into a two-room or three-
room flat, in a non-mature estate. Flat owners
who are on the HDB loan will only be required
to pay 5 per cent downpayment instead of the
current 10 per cent. Also, flat owners who are
taking up a loan with financial institutions will
only be required to pay 10 per cent
downpayment, instead of the current 20 per
cent. The remaining amount will be paid with
the balance purchase price, when the keys
for the new HDB flat are ready for collection.
National Development Minister Khaw Boon
Wan said that this scheme will benefit cash-
tight flat owners who want to rightsize their
apartments. In particular, retirees-to-be will
stand to benefit the most from the flexibility of
the new scheme, said Ong Kah Seng from
RST Research.
(Source: Business Times)
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No further discounts for re-launched units
at Waterfront@Faber
According to World Class Land, there will be
no further price discounts at the re-launch of
Waterfront@Faber. While sales of the
waterfront condominium had slowed down
since May, its developer will not cut prices
significantly for units that have already been
released. Instead, at its re-launch, prime-
facing units will be released. The indicative
mid-level prices for launched units are from
$910,000 for a dual-key two-bedroom unit;
$1.28 million for a three-bedroom unit that
faces the pool; $1.308 million for a three-
bedroom unit facing the river and $1.53
million for a four-bedroom unit facing the river.
Unit sizes range from 753 square feet for a
two-bedder to 1,281 square feet for a four-
bedroom unit. Since August, all two-bedroom
units have been sold. Furthermore, 77 units
out of the 210 units at the condominium have
been sold at a median price of $1,247 per
square foot.
(Source: Business Times)
Good response at freehold condo sale at
East Coast
More than half of the launched units have
been sold at Seventy St Patricks, a freehold
condominium in East Coast. Each unit at the
186-unit condominium was sold at an
average price of $1,630 per square foot. Out
of the 36 launched penthouses, 16 have
already been sold at its private launch. The
penthouses, which are about 1,647 square
feet large, are going for about $2.4 million
each, while a two-bedroom unit, which is
about 700 square feet large, is selling for $1.2
million. The condominium is estimated to be
completed in 2017.
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It will comprise of nine blocks of five-storey
buildings, and will have facilities such as a
50-meter pool.
(Source: Business Times)
Commercial
Colliers: retail rents at Orchard to remain
flat
A report released by Colliers International
said that the average monthly gross rents for
prime ground floor retail space at Orchard
Road will fall by a maximum of one per cent
for the rest of 2014. Chia Siew Chuin from
Colliers International said that since March,
the influx of tourists and retail sales has
slowed. This is likely to impact the rental
prices of the malls at Orchard Road.
According to the Colliers report, the average
monthly gross rents of prime retail space in
Orchard have fallen by 0.5 per cent to $36.25
per square foot from the previous quarter.
Nonetheless, rent in the regional centres is
expected to grow by one to two per cent in
2014 as businesses in these areas are less
dependent on tourist money. In Q3 2014, the
average imputed capital value for prime
strata-titled retail space in Orchard is at
$6,942 per square foot. On the other hand,
the imputed capital value for regional centres
is at $4,491 per square feet in Q3 this year.
According to Calvin Yeo from Colliers
International, this may result in smaller
brands exiting the market. As such, Yeo
predicts that shopping malls in Orchard Road
will be predominately occupied by larger
brands if this trend continues.
(Source: Business Times)
SINGAPORE PROPERTY WEEKLY Issue 175
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Grade A office rents will be the highest
since 2008
Cushman & Wakefield predicts that Grade A
office rents will be the highest since 2008, by
the end of this year. According to market
experts, Grade A office rents have been the
highest in three years. This quarter, the
overall rents for Grade A offices are at $10.20
per square foot per month. This is 2 per cent
higher than the previous quarter and 9.9 per
cent higher than in 2013. Cushman &
Wakefield predicts that there will be strong
leasing activities in Q4 this year as
CapitaGreen and South Beach are expected
to be completed by then. Not only so,
vacancy rates at the Marina Bay Financial
Centre have also decreased from 6.6 per cent
to 6.1 per cent. Vacancy rates in the suburbs
have also fallen from 2.5 per cent to 1.8 per
cent, said market experts. As Grade A office
rents at prime locations surge, more tenants
may look to the suburbs for rental space. As
such office vacancies in those regions are
expected to fall even further.
(Source: Business Times)
Singapore is 6
th
most expensive city to
rent offices
In June 2014, Singapore has been ranked the
sixth most expensive city to rent offices and
homes, according to a report by Savills that
measured the costs of renting living and
working spaces. London came up top in the
rankings, followed by Hong Kong, which
topped last years ranking. Savills explained
that Hong Kongs competitiveness was
boosted by a weakened currency and falling
residential rents. Total real estate costs went
down by 5.6 per cent in the first half of 2014
in Hong Kong.
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On the other hand, London real estate grew
at an annualised rate of 10.6 per cent, due to
the appreciation of the pound in relation to the
dollar. Savills added that despite slower
economic growth, Singapores office market
has been robust. Thus, rents have increased
by 7.3 per cent in H1 this year in Singapore.
The report predicts that a shortage of land
supply in Singapore may force employees to
relocate lower value industries to Malaysia.
Employers may find it more difficult to attract
and retain talent from abroad due to the high
cost of real estate in Singapore.
(Source: Business Times)
Citimac complex on en bloc sale
Citimac Industrial Complex is on en bloc sale
for a minimum price of $550 million or $1,350
per square foot of potential gross floor area.
The freehold site is located near Tai Seng
MRT Station. It has a 3.5 maximum gross plot
ratio; of this, at least 2.5 plot ratio of the land
has been zoned for Business 1 use and the
remaining gross floor area is zoned for white
use. Its tender will close on October 30. Tan
Hong Boon from JLL believes that such
freehold industrial sites are rare. While the
complex is located at a prime area, market
experts do not expect it to draw many bids
due to its high minimum bidding price.
Nonetheless, market experts believe that
potential overseas buyers may bid more
aggressively in the sale of the complex.
(Source: Business Times)
Cooling measures push bid prices for
Tuas site down
An industrial site at Tuas Bay Close was sold
for $25.5 million or $51.28 per square foot per
plot ratio in a recent tender.
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This land price is the lowest for an industrial
plot, since October 2010, said Nicholas Mak
from SLP International. In August, another
site at Tuas South was sold for $56.01 per
square foot per plot ratio. This was
significantly higher than the recent selling
price of the Tuas Bay Close site, even though
both sites had the same size and tenure. The
lukewarm sales could be due to the
implementation of the cooling measures. Not
only so, Mak believes that the expected
increase in B2-zoned sites near Tuas Bay
Close in the future may have also pushed bid
prices down. The Tuas Bay Close site has a
maximum gross plot ratio of 1.7. It is 2.7ha
large and can be strata-divided for sale.
(Source: Business Times)
Property investments increases in Q3
fromQ2
Savills Singapore reported that property
investment sales increased by 13.6 per cent
from $4.7 billion in Q2 2014, to $5.4 billion in
Q3 2014. Nonetheless, investment sales in
Q3 this year is still 61.2 per cent lower than in
2013. Since investment sales can be used to
estimate developer and property investors
interest in the market, the total debt servicing
ratio framework, which was announced in
2013 could have impacted market sentiments
this year. Nonetheless, Savills is optimistic
about the office market. From Q2 2014,
property investments in the office market
have surged to $1.25 billion in Q3. Jeremey
Lake from CBRE said that as the rental
market strengthens and as supply of office
space remains tight, prices of office buildings
will continue to increase.
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Yet, Savills reported that the overall
investment saes for commercial properties
have fallen by 14.6 per cent to $1.97 billion.
This is likely because there were no
commercial land sites released under the
Government Land Sales Programme. While
market experts believe that there will be
sustained interest in Singapores market, the
competition from overseas property markets
will continue to challenge Singapores market.
(Source: Business Times)
More properties auctioned in 2014
According to data from Colliers International,
the number of properties put up for auction by
mortgagees have increased to 112 in the first
nine months of 2014, from 20 in the same
period last year. Not only so, JLL said that 80
per cent of the 44 properties have been
successfully auctioned off since 2013. Yet,
according to Colliers International, the
number of properties that were sold by
owners fell from 348 to 274. Grace Ng from
Colliers International believes that stricter
loan curbs have made it difficult for cash-tight
owners to finance their homes. As such, more
houses have been put up for auction by
mortgagees. High-end residential homes in
prime districts like Marina Bay and Sentosa
Cove are increasingly auctioned off as
demand for them falls. This is likely to be due
to the implementation of the total debt
servicing ratio framework and the additional
buyers stamp duty. This year, a total of 9
auctioned properties have changed hands for
a total of $30.5 million. Ng predicts that the
total value of the transactions made at
auctions, will be around $80 million by the
end of 2014.
(Source: Business Times)
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Non-Landed Residential Resale Property Transactions for the Week of Sep 10 Sep 16
Postal
District
Project Name
Area
(sqft)
Transacted
Price ($)
Price
($ psf)
Tenure
4 REFLECTIONS AT KEPPEL BAY 1,539 3,300,000 2,144 99
5 PARC IMPERIAL 398 695,000 1,745 FH
5 ONE-NORTH RESIDENCES 1,421 1,940,888 1,366 99
5 THE PARC CONDOMINIUM 1,518 1,940,000 1,278 FH
5 WEST BAY CONDOMINIUM 893 830,000 929 99
8 CITYLIGHTS 592 940,000 1,588 99
9 VISIONCREST 700 1,460,000 2,087 FH
9 MARTIN PLACE RESIDENCES 646 1,330,000 2,059 FH
9 MARTIN PLACE RESIDENCES 1,722 3,500,000 2,032 FH
9 CAIRNHILL CREST 1,733 3,428,000 1,978 FH
9 THE EDGE ON CAIRNHILL 3,175 5,100,000 1,606 FH
10 THE GRANGE 2,282 4,880,000 2,139 FH
10 DRAYCOTT EIGHT 2,863 5,800,000 2,026 99
10 ONE TREE HILL RESIDENCE 2,454 4,000,000 1,630 FH
10 CASABELLA 1,884 2,976,720 1,580 FH
10 PINEWOOD GARDENS 1,658 2,525,000 1,523 FH
10 THE TESSARINA 1,367 2,080,000 1,522 FH
10 LEEDON 2 840 1,200,000 1,429 FH
10 VALLEY PARK 1,550 2,150,000 1,387 999
11 SOLEIL @ SINARAN 581 1,315,000 2,262 99
11 PARK INFINIA AT WEE NAM 560 1,060,000 1,894 FH
11 PAVILION 11 958 1,550,000 1,618 FH
11 AMARYLLIS VILLE 1,259 1,865,000 1,481 99
11 HILLCREST ARCADIA 958 870,000 908 99
Postal
District
Project Name
Area
(sqft)
Transacted
Price ($)
Price
($ psf)
Tenure
12 THE TIER 538 780,000 1,449 FH
12 OLEANDER TOWERS 1,141 1,180,000 1,034 99
14 BLISS VILLE 1,195 1,350,000 1,130 FH
14 ASTORIA PARK 1,173 1,250,000 1,065 99
14 CENTRAL GROVE 1,206 1,250,000 1,037 99
14 STARVILLE 1,238 1,230,000 994 FH
14 THE SUNNY SPRING 1,066 928,000 871 FH
14 BALMY COURT 1,119 925,000 826 FH
14 SUNFLOWER REGENCY 1,184 870,000 735 FH
15 PEACH GARDEN 5,231 7,350,000 1,405 FH
15 FORTUNE JADE 1,098 1,240,000 1,129 FH
15 BUTTERWORTH VIEW 1,227 1,280,000 1,043 FH
15 LEGENDA AT JOO CHIAT 1,033 1,010,000 977 99
16 PARBURY HILL CONDOMINIUM 1,453 1,628,000 1,120 FH
16 CASA MERAH 1,227 1,280,000 1,043 99
16 CASAFINA 1,378 1,230,000 893 99
16 FAIRMOUNT CONDOMINIUM 1,238 1,065,000 860 99
16 AQUARIUS BY THE PARK 1,227 1,055,000 860 99
17 AVILA GARDENS 893 775,000 867 FH
18 EASTPOINT GREEN 958 900,000 939 99
18 SAVANNAH CONDOPARK 1,453 1,350,000 929 99
18 EASTPOINT GREEN 1,884 1,730,000 918 99
18 RIS GRANDEUR 1,356 1,210,000 892 FH
18 MELVILLE PARK 958 735,000 767 99
SINGAPORE PROPERTY WEEKLY Issue 175
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NOTE: This data only covers non-landed residential resale property
transactions with caveats lodged with the Singapore Land Authority.
Typically, caveats are lodged at least 2-3 weeks after a purchaser
signs an OTP, hence the lagged nature of the data.
Postal
District
Project Name
Area
(sqft)
Transacted
Price ($)
Price
($ psf)
Tenure
19 KOVAN GRANDEUR 388 620,000 1,600 99
19 THE QUARTZ 1,195 1,195,000 1,000 99
21 HUME PARK I 1,356 1,300,000 959 FH
22 LAKEHOLMZ 1,238 1,100,000 889 99
23 HILLVISTA 1,130 1,456,570 1,289 FH
23 DAIRY FARM ESTATE 2,131 2,130,000 999 FH
23 GUILIN VIEW 861 840,000 975 99
23 THE MADEIRA 1,356 1,180,000 870 99
23 THE WARREN 1,238 1,042,000 842 99
23 GUILIN VIEW 1,259 1,030,000 818 99
23 PARKVIEW APARTMENTS 980 780,000 796 99
23 NORTHVALE 1,270 990,000 779 99
27 THE SENSORIA 1,475 1,280,000 868 FH
28 SELETAR SPRINGS CONDOMINIUM 2,077 1,350,000 650 99