CKS PROPERTY CONSULTANTS – SINGAPORE REAL ESTATE

NEWSLETTER

OCTOBER 2013

Highlights | On The News | Featured Properties | Events Calendar

60 units of Nine Residences sold Business Times, 12 Oct 2013 Chip Eng Seng yesterday sold about 60 apartments in Nine Residences, the residential component of its 99-year leasehold Yishun mixed-development project. It priced the initial 100 units at $1,070 per square foot on average. Nine Residences comprises 186 units. Strong demand for SkyPark Residences EC Channel News Asia, 12 Oct 2013 There has been strong response for the last executive condominium (EC) project for the year. SkyPark Resi-dences, which was just launched on Saturday, has already received 500 online applications for the 506 units it has on offer. Located in Sembawang, it is the last EC to be launched until the third quarter of next year.

ON THE NEWS

HIGHLIGHTS

Investment Highlights

√ Price from GBP49,900 onwards

√ Rental Guarantee of 10% for 2 years, OR 8% for 10 years

√ Buy–Back Guarantee with up to 50% uplift

√ 6mins walk to Birmingham City University

√ 12mins walk to One Stop Shopping Centre

√ Bull Ring Shopping Centre/ City Centre (12 mins by train)

UK Student Accommodation Investment — Grand Square, Birmingham

Five homes, 506-unit EC to be up for sale in Sembawang Business Times, 9 Oct 2013 House hunters eyeing the Sembawang region will be spoilt for choice, with a couple of projects there becom-ing available this week. Specifically, three terraced houses and two semi-detached homes are being launched for sale by tender, while e-applications for SkyPark Residences, a 506-unit executive condominium (EC), open on Saturday. Residential sector hardest hit by TDSR Business Times, 27 Sep 2013 Demand in all segments of the property market slumped in July following the introduction of the total debt ser-vicing ratio (TDSR) framework in late June. Transactions of strata industrial and commercial units fell 20.9 per cent and 31 per cent respectively from June. But residential deals dropped even more, by 56.6 per cent. Perennial buying last courtyard home Straits Times 27 Sep 2013 The last remaining traditional Chinese courtyard house in Singapore is changing hands. The House of Tan Yeok Nee, the gazetted national monument in Penang Road, is being sold to Perennial Real Estate Holdings. Perennial said it can confirm that it is involved in the transaction but declined to comment further as the deal is still under way. Over half of 3.84m Singaporeans, PRs in 10 urban planning areas Today Online, 27 Sep 2013 More than half of the 3.84 million local residents — defined as Singaporean citizens and permanent residents — were concentrated in 10 urban planning areas, with five having more than 200,000 residents living in them. Bedok, Jurong West and Tampines each had more than 250,000 residents as at end-June 2013, with Bedok having the biggest number at 294,100 residents, according to a population trends report released yesterday by the Department of Statistics. S’pore’s IPO proceeds to be world’s 2nd highest in Q3 Today Online, 27 Sep 2013 “Activity in other exchanges also softened, reflecting weaker economic and market conditions, though Singa-pore was one exception” driven by several real estate investment trust (REIT) offerings, said Ernst & Young’s ASEAN and Singapore Managing Partner Max Loh. Two malls - Serangoon Plaza, Cityvibe - up for sale Business Times, 26Sep 2013 Serangoon Plaza in Little India has been put up for collective sale at an indicative price range of between $360 million and $368 million, while over in Clementi, Cityvibe mall has been put on the market with an asking price above $130 million. Serangoon Plaza, or 320 Serangoon Road, is a five-storey complex with 128 units of retail and office space located next to the prominent 24-hour Mustafa Centre shopping complex. It is less than 200m away from Farrer Park MRT station. Jervois bungalow up for sale at over $30m Business Times, 26 Sep 2013 Three-Storey bungalow along Jervois Road in District 10 has been put up for sale by tender, with the owner expecting offers of more than $30 million. The freehold property, located about a five-minute drive from Or-chard Road, has a land area of 1,377 sq m and is designed in period architecture, said sole marketing agent Knight Frank Singapore yesterday.

ON THE NEWS (CON’T)

CKS Property Consultants | On The News OCTOBER 2013

Rents for office space likely to rise: Report Straits Times 25 Sep 2013 Office landlords seem to have enjoyed a recovery in this quarter with higher rents on the cards, according to a new report yesterday. The demand for space is coming from small- and medium-sized enterprises (SMEs), mainly in non-financial industries such as media, information and communications, and businesses in profes-sional and business services, said DTZ Research. More buildings now made elder-friendly Straits Times 23 Sep 2013 A rising number of old-building owners are tapping into a Government fund which subsidises upgrading work to make them more accessible to less mobile visitors. Launched six years ago, the $40 million Accessibility Fund of the Building and Construction Authority (BCA) initially had a slow take-up with only $2.2 million dis-bursed by 2010. Some $8.5 million has now been given out, with another $2.5 million still pending. Property investors drawn to overseas projects Straits Times 22 Sep 2013 Each round of property cooling measures unveiled by the Government has driven some buyers to invest in property outside Singapore. The recent rules placing tighter restrictions on mortgages have been no different. Foreign developers have been quick to meet the demand, by offering properties with eye-catching attributes to buyers hungry for alternative investments. 160 units sold at Thomson Three Straits Times 21 Sep 2013 It was probably a combination of reasonable pricing, good location and the positive stockmarket mood - re-sulting from the US Federal Reserve's announcement that it is not tapering its quantitative easing (QE) pro-gramme just yet - that helped UOL Group and Singapore Land move 160 units at Thomson Three on the first day of sales bookings this week. This was out of the 200 units they released. The developers plan to release a further 120-150 units this weekend. Row over Gilstead Court sale rages on Straits Times 21 Sep 2013 The landmark collective sale of Gilstead Court could be derailed after mediation efforts to settle a dispute broke down on Thursday. The Strata Titles Board (STB) intends to issue a stop order to the collective sale committee and has given the five dissenting owners until Oct 1 to withdraw their objections to the $150.2 mil-lion deal. Investors go west for industrial space Straits Times 21Sep 2013 It's not all quiet on the western front, at least not for industrial properties there. Activity among both investors and users of industrial space is on the rise across the Bukit Batok, Clementi, Jurong East, Jurong West, Pio-neer and Tuas areas. Much of the interest is being driven by planned development for that part of the island, such as the fast-emerging Jurong Lake District, a major business hub.

ON THE NEWS (CON’T)

CKS Property Consultants | On The News OCTOBER 2013

FEATURED PROPERTIES– SINGAPORE/ UNITED KINGDOM

CKS Property Consultants | Featured Properties OCTOBER 2013

Grand Square, Birmingham UK

Address 50 Livingstone Road, Birmingham, UK

Tenure 250 years leasehold

Developer Aronex Development

Completion December 2014

Description A four storey student accommodation building located off Birchfield Road on an 1 acre site

Nearest Sta-

tion (Walking) Perry Barr Train Station (4 MINS)

Places of

Interest

Birmingham City University (500M) One Stop Retail Park (1.13KM) Greyhound Stadium (1.13KM)

Unit Available TBA, price from GBP49,900 onwards

Guaranteed

Yield

10% for 2 years, OR

8% for 10 years

Waterbank at Dakota

Address 76 Dakota Crescent

Tenure 99-year Leasehold

Developer UOL Group Limited

Completion 2013

Description Located in district 14, site area Approx. 185,030 sqft, comprises 616 residential units

MRT Station Dakota (0.24KM)

Unit Available

1-bedroom: 484 - 786 sqft

2-bedroom: 883 - 1,421 sqft

3-bedroom: 1,141 - 1,615 sqft

4-bedroom: 1,572 - 1,981 sqft

Penthouse: 2,390 - 2,820 sqft

CKS Property Consultants | Featured Properties OCTOBER 2013

For more information, kindly visit our facebook page (CKS International Launches) or contact: Singapore Office Foo Meng Wee (CEA Reg. No: R002852I) +65 6531 1769 or email - mengwee@cks.com.sg Lee Tang Keat (CEA Reg. No: R048660H) +65 6531 1662 or email - tangkeat@phillip.com.sg Simone Wong (CEA Reg. No: R048862D) +65 6531 1770 or email - simonewong@phillip.com.sg

CKS Property Consultants is a pioneer in Singapore’s real estate landscape. Throughout

the course of our history, we have witnessed the growth and transformation of Singapore’s

economy and its impact on the real estate industry. Founded in the 1920s as Cheong Koon Seng Auctioneers & Valuers, the company was renamed CKS Property Consultants in 1999 to reflect the diversification from its core businesses of valuation and auctioneering. While we continue to build on our traditional strengths in valuation and auctioneering, we are now a full-fledged property consultancy providing professional services in the residential, com-mercial, industrial and retail sectors. CKS is today part of the PhillipCapital Group, an inte-grated financial services group with a global presence. With offices located in the financial hubs of 16 countries, including Singapore, Malaysia, Cambodia, Indonesia, Thailand, Hong Kong, China, Japan, India, Sri Lanka, Dubai, United Kingdom, France, Turkey, Australia

and USA, the Group’s total shareholders’ funds exceed USD 1 billion. Our affiliation

allows us to leverage PhillipCapital’s considerable business network and to partner our

sister companies in regional initiatives.

DISCLAIMER: This document is prepared by CKS Property Consultants for marketing information only. While reasona-ble care has been exercised in preparing its contents, CKS Property Consultants makes no representation as to its accuracy or completeness, and cannot be held liable for any loss howsoever arising in reliance upon any part of this document

We strongly recommend that you consult an appropriate professional advisor for legal, tax, accounting, or investment advice specific to your situation before entering into any investment decision in connection with the Content.

Vist us & Like us @ facebook.com/CKSInternationalLaunchers

@ www.cks.com.sg