singapore property weekly issue 228

Issue 228 Copyright © 2011-2014 www.Propwise.sg. All Rights Reserved.

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CONTENTS

p2 Must Read: Street-Smart Property

Investing Strategies + Meet Mr. Propwise

p7 Singapore Property News This Week

p11 Resale Property Transactions

(September 16 – September 22 )

Welcome to the 228th edition of the Singapore Property Weekly. Hope you like it! Mr. Propwise

FROM THE

EDITOR

mailto:[email protected]

http://www.propwise.sg/advertise/

SINGAPORE PROPERTY WEEKLY Issue 228

Page | 2 Back to Contents

Dear Readers,

The latest 2015Q3 URA PPI flash estimate

showed a -1.3% quarter-on-quarter

decline, marking a correction for 8 straight

quarters, and an 8% drop from the peak in

2013Q3. The future outlook seems grim –

global growth slowing, Singapore population

growth slowing, and we have a series of

interest rate hikes hanging over our heads.

You know from my posts over the past few

years that I’ve been cautious on the property

market. But I’m starting to get excited – in

the next couple of years I believe we will

be presented with a once-in-a-decade

buying opportunity.

Must Read: Street-Smart Property Investing Strategies

+ Meet Mr. Propwise



But to take advantage of it you not only have

to be greedy when others are fearful, you also

have to know what to buy, when to buy, and

how to buy. Are you equipped with the

knowledge you need to profit from the

next downturn?

I’m glad to announce I’m working with Dr.

Patrick Liew to organize a series of FREE

talks on Street-Smart Property Investing

Strategies. He will be conducting an

advanced seminar at a later date as well.

Here are the reasons why I think you

should take advantage of this opportunity

and sign up for his talk:

1. Patrick is the foremost expert on real

estate I know of and a very successful

property investor himself

He has founded and listed two companies,

and was previously the Chairman and CEO of

HSR, a listed property agency, giving him

both a bird’s eye view and an intricate

knowledge of the inner workings of the

market.

2. Patrick is passionate about both

learning and teaching wealth creation

strategies

He has a PhD, MBA, MSc and BSc. He

achieved his doctorate on Financial

Intelligence to develop and share his proven

wealth creation strategies to help ordinary

people create, invest and grow their wealth.

He has started many charities and works with

schools to provide free financial education to

young people.

3. I truly think he will add value to your

property investment journey

I decided to work with Patrick and organize

these talks and the seminar for my readers



for the first time ever since the starting of

Propwise.sg 5 years ago, as after interacting

with him over several years, I believe he is a

genuine expert on property investing, and

is a skilled, entertaining and generous

teacher.

4. I guarantee you will learn something

useful and it will be well worth your time

• Here’s what Patrick is going to cover in

his FREE 3-hour talks on Street-Smart

Property Investing Strategies:

• The 5 questions you MUST ask before

buying any property (these questions are

based on Patrick’s 20+ years of real

estate experience)

• Why you should not buy based on

location alone – Patrick explains why

TIMING the economic development of an

area is more important

• The biggest secret to finding cheap,

undervalued real estate (that most

investors don’t know about)

• How to quickly raise the value of your

property using Patrick’s 4-step “consumer

behavioral pattern” process

• The top categories of overseas properties

that are making investors high and

consistent returns

• How ordinary Singaporeans are investing

in properties with little or no money down

• The exact roadmap to becoming a

sophisticated investor… whether you’re

currently a rookie or veteran

5. Propwise.sg readers who attend will get

a special, exclusive bonus

• While I think it's worth going just to learn

from Patrick, I’d really like to make this a



success and get as many people as possible

to hear Patrick’s message AND I want to

thank you for your support of Propwise.sg by

throwing in the following bonuses for those

who attend:

• FREE e-book copy of the bestselling

Secrets of Singapore Property Gurus

(worth $28)

• FREE e-book copy of Effective

Leadership by Dr. Patrick Liew (worth

$20.95)

• …and more to be announced at the talk

itself!

6. You'll get to meet Mr. Propwise :)

Haha yes... I will be there to both learn from

Patrick and meet all of you too. We can

discuss the state of the property market,

investing strategies or whatever you want. If

you were ever curious about who Mr.

Propwise is, now’s the time to find out :)

When and where are these talks held?

All the talks are held at 10 Anson Road, #19-

14 International Plaza (above Tanjong Pagar

MRT).

Click the links below NOW to register for this

FREE talk based on what date works best for

you (they are all the same talk):

Wed 14 Oct 2015 – 7 to 10pm

Wed 21 Oct 2015 – 7 to 10pm

Thu 29 Oct 2015 – 7 to 10pm

http://www.propwise.sg/secretsofsingaporepropertygurus/









https://aktive.wufoo.com/forms/z393ce80sjqjy6/







https://aktive.wufoo.com/forms/z1nvja9w183bitf/





https://aktive.wufoo.com/forms/z6pnj8j0c7l278/







Unfortunately due to room size

constraints, we will only be able to

accommodate around 100 people per date.

There are currently around 24,000 people

on this mailing list, so for now only ~1% of

you can attend. Sign ups are strictly on a

FIRST COME, FIRST SERVED BASIS, so if

you want to attend please sign up NOW to

avoid disappointment.

So what are you waiting for?

Click the links below NOW to register for the

date that works best for you (they are all the

same talk):

Wed 14 Oct 2015 – 7 to 10pm

Wed 21 Oct 2015 – 7 to 10pm

Thu 29 Oct 2015 – 7 to 10pm

Please invite and/or forward this to any

friends, family or colleagues you think may

benefit from this as well. Let me know if you

have any questions/queries I can help with.

Thanks for reading and I look forward to

seeing you there!

To Wisdom and Beyond,

Mr. Propwise

















Singapore Property This Week


Residential

August completed condo prices down by

0.6%

According to the Singapore Residential Price

Index (SRPI) by the National University of

Singapore (NUS), the prices of completed

condos and apartments fell by 0.6% in August

from July. Ong Kah Seng from R’ST

Research said that the price drops for non-

shoebox units were because investor interest

for completed properties tends to be

seasonally weak in H2 as expatriates’ inflow

and leasing activity slows. According to NUS,

the sub-index had fallen by 0.7% and 0.5% in

the central region and the non-central region

respectively in August from July. Ong predicts

that the prices of completed properties in the

non-central region will fall further as the

number of condos in the suburban region is

expected to increase.

(Source: Business Times)

Overall private home price index falls by

1.3% in Q3

Following a 0.9% fall in Q2, the overall private

home price index has fallen by 1.3% in Q3

from the previous quarter—the biggest

quarterly drop since Q3 2013. Year-on-year,

the index has fallen by 4.2%.



Ong Teck Hui from JLL said that since cooling

measures may not be eased anytime soon,

sellers may be more eager to sell before

prices drop further. This could have resulted

in the sharp decline in private home prices in

Q3. According to URA’s flash estimates, the

prices of non-landed private homes outside

central region, rest of central region and core

central region had fallen by 1.6%, 1.5% and

1.3% respectively in Q3 from the previous

quarter.


Redhill and Sembawang plots up for

tender

Designed for private housing development

with commercial use on the first storey, a site

at Redhill is expected to draw strong interest

in its tender. The 0.84 ha plot may be

developed into 400 private homes under the

H2 2015 Government Land Sales

Programme. Under the reserve list, a 0.7 ha

plot at Sembawang will also be put up for

tender. That site is expected to yield 115

private homes. Desmond Sim from CBRE

believes that the size of both plots presents

developers a relatively affordable lump-sum

quantum. As such, they are expected to

attract at least 10 bidders each.


Phase 2 of Greenwood Mews launched for

sale

Greenwood Mews is a 103-year old leasehold

development that features 62 cluster landed

homes located at Bukit Timah. Phase 2 of the

development has been launched and a

discount will be offered to the first 5 buyers.

Prices for the 10 units launched start from

$3.75 million for a 3,100 sq ft unit,



after discount. Shaw Lay See from Far East

Organisation believes that residents of the

estate will get to enjoy a number of lifestyle

and recreational offerings in the Bukit Timah

precinct.


High-end private home sales increased by

17.7% year-on-year in first 7 months

According to an analysis by Savills

Singapore, the number of private homes that

were sold above $3 million in the first 7

months of this year had increased by 17.7%

to 659 units from the same period last year.

On the other hand, the number of private

homes sold at prices below $3 million

remained almost unchanged. Ong Choon Fah

from DTZ said that HDB upgraders are more

price-sensitive and thus may have delayed

their upgrading decision in anticipation of

lower condo prices. This could have resulted

in the flat year-on-year growth in the number

of private homes transacted in the $3 million

and below category in the first 7 months this

year. On the other hand, the increase in high-

end private home sales could have been due

to a sharp the fall in property prices, said Alan

Cheong from Savills.


Commercial

Prime retail rents lowest since 2006

The average prime first-storey retail renthas

fallen by 3.7% quarter-on-quarter and 4.5%

year-on-year to $30.90 psf in Q3 this year.

Not only so, the average monthly rent from

July to September has been the lowest since

Q1 2006. Market experts believe that the fall

in rents was due to weaker consumer

sentiments and slower retail sales.



Rents in the other city areas outside Orchard

Road took the sharpest decline with a 4.5%

quarter-on-quarter fall to $22.10 psf in Q3 this

year. On the other hand, the average prime

first-storey rents in the Orchard Road area

was down by 3.5% quarter-on-quarter in the

same period. According to Lee Nai Jia from

DTZ, more than 4 million sq ft of retail space

is expected to be released from 2015 to 2019

in the suburban areas. This will likely increase

competition for malls in that area and thus

affect the rental market.


Property auction market more than

doubles in Q3 from Q2

According to JLL, auction deals worth $27.6

million were completed in Q3 this year. This

more than doubles the $10 million recorded in

Q2. Mok Sze Sze from JLL said that interest

in the auction market has been picking up. In

Q3, JLL had closed the sales of 10 units—this

was up from the 5 units that were sold in Q2

at auctions. All 10 properties were new

listings.


http://propertymarketinsights.com/



Non-Landed Residential Resale Property Transactions for the Week of Sep 16 – Sep 22

Postal

DistrictProject Name

Area

(sqft)

Transacted

Price ($)

Price

($ psf)Tenure

1 ONE SHENTON 1,582 2,360,000 1,491 99

2 ICON 1,119 2,050,000 1,831 99

3 ALEXIS 388 740,000 1,910 FH

3 TANGLIN VIEW 872 1,090,000 1,250 99

5 THE PARC CONDOMINIUM 1,518 1,950,000 1,285 FH

5 PARC IMPERIAL 904 1,100,000 1,217 FH

5 BOTANNIA 1,636 1,680,000 1,027 956

8 CITY SQUARE RESIDENCES 1,206 1,660,000 1,377 FH

9 SCOTTS SQUARE 947 3,450,000 3,642 FH

9 THE SUITES AT CENTRAL 1,690 3,400,000 2,012 FH

9 THE LIGHT @ CAIRNHILL 2,024 3,700,000 1,828 FH

9 URBANA 1,313 2,350,000 1,790 FH

9 TOWNHOUSE APARTMENTS 2,906 2,000,000 688 99

10 TANGLIN PARK 1,335 2,350,000 1,761 FH

10 THE TRIZON 1,012 1,750,000 1,730 FH

10 REGENCY PARK 3,175 4,900,000 1,543 FH

10 ONE JERVOIS 1,496 2,200,000 1,470 FH

10 CASABELLA 2,067 2,700,000 1,306 FH

11 PARK INFINIA AT WEE NAM 1,335 2,450,000 1,836 FH

11 TREVOSE PARK 2,196 3,323,000 1,513 FH

11 THE LINCOLN MODERN 969 1,440,000 1,486 FH

11 CHANCERY PARK 2,347 3,400,000 1,449 FH

Postal


Area

(sqft)

Transacted

Price ($)

Price

($ psf)Tenure

12 SUNVILLE 1,206 1,060,000 879 FH

12 KIM KEAT HOUSE 1,432 1,030,000 719 FH

14 THE WATERINA 721 980,000 1,359 FH

14 VACANZA @ EAST 560 733,888 1,311 FH

15 MEYER RESIDENCE 904 1,488,000 1,646 FH

15 THE SHORE RESIDENCES 592 901,000 1,522 103

15 ONE AMBER 1,658 2,250,000 1,357 FH

15 AMBER POINT 1,690 2,250,000 1,331 FH

15 WATER PLACE 1,227 1,530,000 1,247 99

15 MANDARIN GARDEN CONDOMINIUM 1,001 1,126,000 1,125 99

15 MANDARIN GARDEN CONDOMINIUM 1,572 1,560,000 993 99

15 MANDARIN GARDEN CONDOMINIUM 1,528 1,480,000 968 99

15 LAGOON VIEW 1,647 1,280,000 777 101

17 FERRARIA PARK CONDOMINIUM 1,238 1,110,000 897 FH

18 MELVILLE PARK 1,345 918,000 682 99

19 THE SCALA 1,044 1,270,000 1,216 99

19 CHILTERN PARK 1,249 1,080,000 865 99

20 SKY HABITAT 1,163 1,797,120 1,546 99

20 GOLDENHILL PARK CONDOMINIUM 1,561 1,980,000 1,269 FH

20 THOMSON VIEW CONDOMINIUM 1,313 1,100,000 838 99

21 MAPLEWOODS 1,023 1,268,888 1,241 FH

22 PARC OASIS 1,227 1,090,000 888 99



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


Area

(sqft)

Transacted

Price ($)

Price

($ psf)Tenure

23 PARK NATURA 1,442 1,440,000 998 FH

23 MONTROSA 2,217 1,900,000 857 999

23 PALM GARDENS 1,432 1,050,000 733 99

23 NORTHVALE 1,270 905,000 713 99

25 PARC ROSEWOOD 431 540,000 1,254 99

25 ROSEWOOD 1,173 900,000 767 99

26 BULLION PARK 1,873 1,780,000 950 FH

26 CASTLE GREEN 1,216 1,000,000 822 99

27 CANBERRA RESIDENCES 614 675,000 1,100 99

27 THE ESTUARY 1,001 950,000 949 99

28 MIMOSA PARK 1,894 1,635,000 863 FH

http://www.moneymatters.sg/

singapore property weekly issue 228

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