singapore property weekly issue 80

7/30/2019 Singapore Property Weekly Issue 80

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Issue 80Copyright 2011-2012 www.Propwise.sg. All Rights Reserved.
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CONTENTS

p2 Is There a Magic Pill for Successful

Property Investment?

p6 Singapore Property News This Week

p10 Resale Property Transactions

(November 14 November 20)

Welcome to the 80th edition

of the Singapore Property

Weekly.

Hope you like it!

Mr. Propwise

FROM THE

EDITOR
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SINGAPORE PROPERTY WEEKLY Issue 80

Page | 2Back to Contents

By guest contributor Gerald Tay

Yes! I just purchased the best property

investment deal from a property seminar. I

dont have to do anything. All I have to do is

sit on my couch and the cheques will be

deposited into my bank account. They

promise a 20% guaranteed return during the

first year with a contract. Should I want to sell

it anytime, they will either find buyers for me

or simply buy it back from me. And the best

part? I only have to fork out a tiny sum for the

property down-payment. Wheres the exact

location of the property? Well, its somewhere

there on the map. Ive seen it on presentation

and it just fine. No risk, requires little money

to start and comes with great returns!

Is There a Magic Pill for Successful Property Investment?


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They also offered me a property investment

mentorwho will help me to become rich in a

12 month package for $3,995. The mentor

is the same fellow who sold me the property.

He must be always right because hes a

property guru. Ill just follow those shrink

wrapped books, study that file which is thicke

than mysons history book, follow thegurus

recommendation, and start boasting to my

friends how youdont have to do anything to

become rich. I am on my way to untold

fortunes. Look out world. Here I come!

Sounds foolish doesnt it? But people are

always looking for that Magic Pill, the one

thing that will help them leave their job,

become rich, buy that house and car and livea better life. I call it the Magic Pill Syndrome

people jump from investment to investment,

program to program looking for the easy road

to wealth. Unfortunately, the only place the

magic pill will work is in the movies or Peter

Pans land.

The Armchair Investing Pill

Most people do not want to work or aresimply looking for the laziest and quickest

way they can find to wealth and riches. They

throng property seminars, exhibitions and

new launches, hoping to find that one great

deal to be laid out to them on a silver platter.

They rather let others find the deal for themthan to go do it themselves. In other words,

they hope the sky will rain money down on

them.

They like to believe they can find good

property deals with no sweat, no trouble, andno need to get dirty. They want everything

from the legal stuff to renting out done for

them, so that all they have to do is to sign on

the dotted line.


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Many overseas properties being marketed in

property seminars or exhibitions can be more

than meets the eye. Their so-called projected

high returns can be distorted to look good to

potential buyers. These marketers haveclever up-the-sleeves marketing tricks to

package these properties nicely, making

Enron and Bernie Madoff look like amateurs.

The only reason such properties are being

sold in seminars or exhibitions is because

they can make money for the sellers, and

certainly not for you, the buyer. If the property

is as good as they claim, why the need for it

to be marketed thousands of miles away

when there is already a ready pool of wealthy

savvy investors with ready money to buy from

the country of origin?

Great and good property deals are NEVER

marketed or promoted widely in public (this

includes new property launches). They are

meant to be found through hard-work and

sweat.

The Only Magic Pill that works

The only magic involved for investment

success is hard work, action and

commitment. It is hard work to first get

educated and learn the ropes before any

action is taken. Action is the fuel.

Commitment is the vehicle that will drive youto the finish line. Hard work, action and

commitment are needed to help you realise

your investment goals. Theres no other way

around it.

All too often I hear people say, Idont want tolearn. I have no time. This is just foolishness.

Dont be seduced by the opportunities that

promise you instant riches.


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Donald Trump and the Trenches

To be a rich successful investor, one has to

first learn to be in the trenches, observing the

enemy from the frontlines, fighting anddodging bullets, sweating in mud under the

hot sun and pushing your limits to survive no

matter how tired you may be. Certainly, you

dont expect to win a war from the comforts of

your sofa at home.

Donald Trump, the famous property

developer, started his real estate investment

career as a small-time investor in the dark

pits of New York City. I certainly dont think he

became this successful simply by being an

armchair investor and neither should you. But

Im not asking you to be the next Donald

Trump either. You just need to be a smart

property investor!

With the right systems and training put

together with your hard work, action and

commitment, you can find an investment that

will work for you. A mentor or coach can help

with the learning curve and help you increase

your success faster.

By guest contributor Gerald Tay, CEO and

Chief Trainer atCREi Academy Group.
http://www.crei-academy.com/http://www.propwise.sg/vis2013http://www.crei-academy.com/http://www.crei-academy.com/http://www.crei-academy.com/http://www.crei-academy.com/http://www.crei-academy.com/


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Singapore Property This Week


Residential

The Topiary at Seletar Hills to open for e-

application

700-unit The Topiary, an EC development

along Fernvale Lane, at Seletar Hills has

been opened for e-application. The

development with a mix of two-bedroom,three-bedroom, dual-key, and single-storey

penthouses is expected to fetch from $700-

$720 psf. There are mainly three- and four-

bedroom units, with 904-1,130 sq ft three-

bedroom units, 1,259-1,539 sq ft three-

bedroom dual-key units, and 1,389-1,636 sqft four-bedroom dual-key units. The 16

penthouses range from 1,970-2,476 sq ft.

Since there is not much competition from

other ECs in the region, the project is likely to

do well.

(Source: Business Times)

Latest cooling measures does not affect

overall house prices

According to the October flash estimates of

the Singapore Residential Price Index (SRPI)

series, the 35-year cap on loan tenure and

lower LTV ratios have no significant impact on

overall housing prices in October. Excluding

ECs, prices of completed private apartments

and condominiums saw a 1% increase, with

prices of suburban units (excluding small

units) increasing by 1% and prices of units in

the Central Region increasing by 0.9%.

SINGAPORE PROPERTY WEEKLY I 80


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Meanwhile, prices of small units (up to 506 sq

ft) islandwide saw a 0.6% increase. While the

cooling measures introduced thus far do not

help to control inflation of house prices, it is

helping to reduce house price volatility, with

the average absolute monthly change falling

from 2.6% per month before the introduction

of the cooling measures to 0.9% per month

after the introduction. The lack of

effectiveness of the cooling measures in the

suburban market is attributed to domestic

liquidity.

Meanwhile, the revised SRPI values for

September reflected a 1% increase in the

Central Region and the Non-Central Region,

and a 2% increase for small apartmentsislandwide, leading to a overall increase of

1% in September.


Bishan St 14 residential site draws $505m

top bid

The 11,227.80 sq m residential site located at

Bishan Street 14 site next to CapitaLandsSky Habitat development attracted a top bid

of $505 million, or $852.94 psf ppr from

Allamanda Residential Development, a 75-25

Capitaland- Mitsubishi Estate Asia joint

venture, beating out eight other bidders. The

plan is to develop the site into a 700-unitcondominium to be launched in H2 2013,

which estimated breakeven price and selling

price are $1,350-$1,400 psf and $1,650-

$1,700 psf respectively. The high bids

suggests that private residential sites are still

in demand and that developers are willing topay higher land prices.


SINGAPORE PROPERTY WEEKLY I 80


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Commercial

Downward trend in Grade A office rents

continues in Q4

According to CBRE, the average monthlyrental value for Grade A office space (best-

quality office buildings in Raffles Place,

Marina Bay and Marina Centre) slipped 3% to

$9.51 psf in Q4 from $9.80 psf in Q3, bringing

the full-year fall to 13.5%, compared to the

11.1% increase in 2011. Similarly, Jones Lang

LaSalle also reports a 2.2% fall in the

average rent in its Grade A basket (best-

quality buildings in Raffles Place, Marina Bay,

Shenton Way, Tanjong Pagar and Marina

Centre) from Q3 to $8.90 psf in Q4, leading to

a full-year fall of 8.7%. Colliers International

also reported a 2% fall in the average Grade

A Raffles Place/New Downtown rent from

$9.26 psf in Q3 to $9.07 psf in Q4. In

addition, all three firms predicts flat Grade A

rents in 2013.

The islandwide net absorption of office spaceis estimated to hit two million sq ft in 2012,

much like the 2.1 million sq ft in 2011. Net

new supply of office space (new completions

less demolitions) is also estimated to be

around one million sq ft, compared to 2.8

million sq ft last year, leading to an estimatedfall in the islandwide office vacancy rate from

6.7% in 2011 to 5.1% this year. However, this

is expected to change in 2013, with an

increase in vacancy to 8.7% expected since

net absorption of 1.12 million sq ft and net

new supply of 2.56 million sq ft is estimatedfor the next year.



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Non-Landed Residential Resale Property Transactions for the Week of Nov 14 Nov 20

Postal

DistrictProject Name

Area

(sqft)

Transacted

Price ($)

Price

($ psf)Tenure

1 MARINA BAY RESIDENCES 1,636 4,417,200 2,700 99

2 ICON 581 1,100,000 1,892 99

3 THE METROPOLITAN CONDOMINIUM 1,744 2,495,000 1,431 99

3 TANGLIN VIEW 1,141 1,550,000 1,358 99

3 RIVER PLACE 1,389 1,850,000 1,332 99

3 HARVEST MANSIONS 947 1,050,000 1,108 99

4 MARINA COLLECTION 2,185 6,227,250 2,850 99

4 CARIBBEAN AT KEPPEL BAY 893 1,550,000 1,735 99

4 CARIBBEAN AT KEPPEL BAY 893 1,550,000 1,735 99

4 THE COAST AT SENTOSA COVE 4,596 7 ,813,200 1,700 99

4 CARIBBEAN AT KEPPEL BAY 1,227 1,860,000 1,516 99

5 ONE-NORTH RESIDENCES 592 960,000 1,622 99

5 THE PEAK@BALMEG 1,755 2,750,000 1,567 FH

5 CRYSTAL HEIGHTS 1,109 1,428,000 1,288 FH

5 BLUE HORIZON 1,216 1,340,000 1,102 99

5 BLUE HORIZON 936 1,000,000 1,068 99

5 VARSITY PARK CONDOMINIUM 2,271 2,300,000 1,013 99

8 URBAN LOFTS 840 1,170,000 1,394 FH

8 PRISTINE HEIGHTS 732 1,000,000 1,366 FH

8 D'CAMBRIDGE 732 976,000 1,333 FH

8 BLISS REGALIA 1,679 1,450,000 864 FH

9 THE COSMOPOLITAN 1,141 2,520,000 2,209 FH

9 THE COSMOPOLITAN 1,399 2,920,000 2,087 FH

9 BELLE VUE RESIDENCES 4,090 8,033,000 1,964 FH

9 WATERMARK ROBERTSON QUAY 936 1,750,000 1,869 FH

Postal


Area

(sqft)

Transacted

Price ($)

Price

($ psf)Tenure

9 LEONIE STUDIO 926 1,700,000 1,836 99

9 THE IMPERIAL 1,722 3,075,000 1,785 FH

9 MARTIN EDGE 936 1,456,000 1,555 FH

10 ST REGIS RESIDENCES SINGAPORE 2,153 5,550,000 2,578 999

10 NASSIM JADE 2,110 5,200,000 2,465 FH

10 DE LENTE 743 1,320,000 1,777 FH

10 THE EQUATORIAL 2,067 3,550,000 1,718 FH

10 THE MARBELLA 1,625 2,708,000 1,666 FH

10 SPRING GROVE 1,389 2,222,000 1,600 99

10 THE LEVELZ 743 1,185,000 1,595 FH

10 SHANGHAI ONE 883 1,375,000 1,558 FH

10 HOLLAND MEWS 2,422 3,740,000 1,544 FH

10 THE SIERRA 980 1,340,000 1,368 947

10 THE SIERRA 980 1,313,000 1,340 947

11 SOLEIL @ SINARAN 1,722 3,200,000 1,858 99

11 AMARYLLIS VILLE 958 1,520,000 1,587 99

11 PAVILION 11 1,485 2,330,000 1,569 FH

11 KELLETT COURT 1,044 1,450,000 1,389 FH

11 MINBU COURT 990 1,080,000 1,091 FH

12 THE ARTE 1,399 1,800,000 1,286 FH

12 THE ARTE 1,873 2,130,000 1,137 FH

12 MONVILLE MANSIONS 1,615 1,500,000 929 FH

13 EURO-ASIA PARK 1,475 1,530,000 1,038 FH

15 AMBER RESIDENCES 1,163 1,802,650 1,551 FH

15 CAMELOT BY-THE-WATER 5,360 7,300,000 1,362 99



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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

15 AQUENE 710 965,000 1,358 FH

15 HAIG COURT 1,399 1,850,000 1,322 FH

15 ARTHUR MANSIONS 1,636 2,126,800 1,300 FH

15 WATER PLACE 1,561 2,018,000 1,293 99

15 SANTA FE MANSIONS 1,076 1,330,000 1,236 FH

15 MARTIA RESIDENCE 1,001 1,198,000 1,197 FH

15 WATER PLACE 1,216 1,438,888 1,183 99

15 HAIG COURT 1,442 1,645,000 1,140 FH

15 COSTA RHU 2,056 2,280,000 1,109 99

15 ONE @ PULASAN 1,087 1,150,000 1,058 FH

15 EMPRADO SUITES 1,249 1,150,000 921 FH

15 LAGUNA PARK 1,615 1,460,000 904 99

15 EAST GALLERIA 1,808 1,570,000 868 FH

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

16 CASA MERAH 958 1,200,000 1,253 99

16 THE CLEARWATER 1,227 1,185,000 966 99

16 CASCADALE 1,561 1,410,000 903 FH

16 CASCADALE 1,561 1,380,000 884 FH

17 FERRARIA PARK CONDOMINIUM 1,356 1 ,260,000 929 FH

17 LOYANG VALLEY 1,873 1,280,000 683 99

18 OASIS @ ELIAS 980 970,000 990 99

18 MELVILLE PARK 958 765,000 799 99

18 SAVANNAH CONDOPARK 1,733 1,320,000 762 9919 ISUITES @ TANI 592 835,000 1,410 999

19 PALM GROVE CONDOMINIUM 1,292 1 ,320,000 1,022 999

19 EVANIA 1,421 1,410,000 992 FH

19 NOUVELLE PARK 1,109 1,045,000 943 FH

21 THE CASCADIA 990 1,805,000 1,823 FH

Postal


Area

(sqft)

Transacted

Price ($)

Price

($ psf)Tenure

21 THE STERLING 1,604 1,980,000 1,235 FH

21 THE CASCADIA 1,755 1,950,000 1,111 FH

21 HUME PARK II 1,485 1,628,000 1,096 FH

21 SOUTHAVEN II 1,055 1,090,000 1,033 999

21 PARC PALAIS 1,238 1,200,000 969 FH

21 SOUTHAVEN I 1,335 1,090,000 817 99

21 SHERWOOD TOWER 1,518 1,168,000 770 99

21 SHERWOOD TOWER 1,701 1,280,000 753 99

21 SOUTHAVEN I 3,046 1,938,000 636 99

22 THE LAKESHORE 1,163 1,230,000 1,058 99

22 THE CENTRIS 1,345 1,400,000 1,041 99

22 LAKEHOLMZ 1,249 1,180,000 945 99

22 THE MAYFAIR 1,227 1,150,000 937 99

22 THE MAYFAIR 1,163 1,025,000 882 99

23 THE DAIRY FARM 1,389 1,650,000 1,188 FH

23 DAIRY FARM ESTATE 2,336 2,200,000 942 FH

23 CASHEW HEIGHTS CONDOMINIUM 1,658 1,540,000 929 999

23 THE MADEIRA 1,249 1,133,000 907 99

23 REGENT HEIGHTS 1,163 918,000 790 99

28 SUNRISE GARDENS 990 910,000 919 99

28 SERENITY PARK 1,313 1,200,000 914 FH

28 SELETAR SPRINGS CONDOMINIUM 1,302 1,078,000 828 99

singapore property weekly issue 80

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