singapore property weekly issue 90

7/29/2019 Singapore Property Weekly Issue 90

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Issue 90Copyright 2011-2012 www.Propwise.sg. All Rights Reserved.
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CONTENTS

p2 Where Will Property Prices Go From Here?

p9 Property Buying Tip #4: CPF Component

p11 Singapore Property News This Week

p15 Resale Property Transactions

(January 23 January 29)

Welcome to the 90th edition of the

Singapore Property Weekly.

Im glad to announce that the 2012Q4

URA data has been updated for

PropertyMarketInsights.com members.

>> Click here to find out more


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SINGAPORE PROPERTY WEEKLY Issue 90

Page | 2Back to Contents

By guest contributor Gerald Tay

I'm a cautiously optimistic investor, who would

rather see money on the table today, than

have an over-realistic expectation or try to

make godly predictions of an unknownfuture. As an investor, I avoid trying to be a

future trend predictor, a 'fortune-telling' guru

or think I possess psychic powers. Trying to

be either will simply make me lose sleep

every night. Worrying or thinking about what's

going to happen tomorrow with so manychanges happening will put unnecessary

pressure on my limited brain capacity.

Where Will Property Prices Go From Here?


4/18



Recently within a short span of time, there

were many new policies announced by the

government, from the seventh round of

property cooling measures, the population

growth projections, future GDP growth,enhanced used of land for businesses and

residential, new MRT networks, population

ageing, and productivity growth.

How will these policies affect property prices

in future? Well, for starters, Ill bet my last

dollar that in the coming years ahead, there

will be many sales predators using these new

policies as killing tools to hunt down

unwitting prey in our rich property savannah.

The difficulty of making forecasts based

on policies

Firstly, its very hard or near impossible to

pinpoint any specific or even range of

policies that may cause property prices to

fall or rise per se. Due to our extremely

volatile property market (besides Hong Kong)

and being an open economy since 1965,

there are many highly complex variables that

work concurrently and we can neverdetermine what will affect our property market

specifically.

Previously in my articles, I remarked that

'experts and 'gurus' in the media who often try

to predict the unknown future (and with so

much unrealistic positivity) are no more

intelligent than you and me. There are huge

differences between someone becoming a

visionary like Li Ka Shing and Donald trump,

an amateur who tries to be or thinks he can

be one, and someone selling snake oil to

unwitting buyers who think it is a life elixir.

The many complex variables involved in the

rise or fall of property prices are simply too

many, i.e. interest rates, open economy,


5/18



currency exchange rates, government

policies, population growth, world economy,

regional stability, liquidity, money supply,

investment inflows and outflows, local bank

lending policies, foreign bank to bank lendingpolicies, MAS policies, land supply, market

psychology, equity and commodity markets,

etc.

The irrational behaviour of property

prices

In the past, especially in Singapore and Hong

Kong, when the land supply goes up, property

prices go up rather than come down as

opposed to the simple economics theory of

demand and supply. Governments, Property

Developers and Banks cash in on thisopportunity.

And are you aware that this property price

rise is nota fundamental growth phenomenon

but rather a pure inflationary growth

phenomenon caused primarily by hot money

inflows which may very well disappear once

an unexpected financial crisis erupts? The

Asian financial crisis, 2008 crisis, andSpain/USA/Greece/Dubai/Iceland housing

crashes are some good examples.

Are you also aware that it does not take a

high interest rate of 4% and above to see a

fall in property prices? A mere 2-3% is more

than sufficient based on historical data. In

short, the property prices we are paying today

may go up in value on paper, but to say if

there is a realbuyer in future who is willing to

fork out a higher price is still a question that

needs to be asked by any savvy investors.

Are you paying up today for tomorrows

capital gains?

It will depend on those many unknown


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variables like future supply of dollars/money

in the market which we wont know in

advance. What we are paying today may

already be the inflated price of tomorrow with

little or zero capital gains. A clear example is

the many properties that were bought by

unwitting buyers at a high during 1996, which

cannot even break even after 17 years today!

In my personal opinion, to boost economic

growth and GDP numbers to compensate forthe tremendous economic loss (and taxes)

between 2000 to 2005, during the 2008

financial crisis and for the future anaemic

GDP growth of only 1% to 3% from now to

2030 as compared to a previous 8% a year

on average, the government has takenadvantage of a huge GDP growth on the back

of foreign migrants to collect vast amount of

taxes through rising property prices between

2009 and 2012.

This uneven growth has benefited some, but

has also created high inflation that affects

many ordinary Singaporeans from home

prices to daily expenses. Home prices shot

up and many could not afford a new home.

Those who sold their homes to profit from the

capital appreciation were forced to rent for an

unknown period, hoping that prices would fall

to saner levels before buying again. But

prices kept going up, up and up.

Where will prices head?

Many readers have asked, where will prices

head to? Up or down in the next few years?

My honest answer: I don't know or rather, I

can only predict with no more accuracy than

those experts in the media. In other words, Ican be wrong and they can be wrong; I can

be right and they can be wrong; they can be

right, I can be wrong; vice versa.


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Nobody can give a bulls eye answer or even

come close to the outcome of the future.

Secondly, 2030 is 17 years from today.

What are we expecting? Will prices to

continue to go up from now because of all

the recent policy announcements like

more MRT networks? Will prices always go

up in future and not fall? Will buyers who buy

today be able sell at a profit in year 2030 and

use the proceeds to fund their retirement?

Are buyers expecting the same kind of

tremendous capital appreciation of the

booming 1970s to 1990s period of a growing

Singapore economy with average GDP

growth of 8%, while in the next 17 years, an

anaemic GDP growth of 1% to 3% is

expected? Are investors expecting the

World/Asian economy to continue to be like

2009 to 2012 in the years ahead? Are buyers

hoping to retire comfortably with their homes

by 2030 expecting a still booming economy

by then, or will we become another Japan,

Spain, USA, Greece and many other

countries where many retirees cannot retire

because they were too highly dependent ontheir increasing home values to provide for

their retirement and it turn out completely

otherwise?

The precarious position Singapore is in

Our position is very precarious because aslong as the world economy is healthy we are

in business. What will happen to a small

economy like Singapore if there is a world-

wide recession and worse, a prolonged one?

That's why I always emphasise on buying any

property for immediate rental today (as

opposed to new launches, or to buy, hold and

pray for prices to go up), as I believe that

apart from the fact that real returns are

SINGAPORE PROPERTY WEEKLY I 90


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higher, rental rates will also go up faster than

property prices in the future, especially due to

the urgent need for many lower-skilled foreign

workers (for jobs which many highly educated

Singaporeans are not willing to do in future) inthe services/manufacturing industries which

are the core economic drivers.

The most favourable investment tip of the

day for many unwitting investors is with

limited land and a growing population,

property prices can only go up in future. As

you can see by now, before concluding

unwisely that the rise or fall in property values

are primarily due to these two variables, we

cannot simply pin it to a demand/supply of

limited land and population growth alone.

The Singapore Government is facing a

dilemma balancing between growth versus

inflation, and growth versus social stability.

Not surprising, since housing was one of the

most hotly debated issues at the last

elections. Whether or not you should play the

waiting game, depends entirely on whether

you have the time and money to wait, or not

wait.

Things to think about when buying a home

Your home, for example, is a personal

consumer choice, rather than an investment.

Use affordability and personal lifestyle

choices to make that buying decision.However, when buying as an investment, it's

an entirely different ballgame and you need to

separate that as two different issues.

Some readers want to hear only favourable

answers, and not a view that is opposite to

what they think. Some are not realistic and

not willing to accept the truth. My article is not

meant to offend anyone, but rather, I hope to

convey the realistic truth,

SINGAPORE PROPERTY WEEKLY I 90


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that being cautiously optimistic is a lot

smarter than being totally unrealistic on future

expectation of property prices.

Over the last 50 years, especially after the2008 financial crisis, the world has changed

rapidly and is still constantly changing.

Investment strategies that have been applied

successfully in the last 20 to 30 years may no

longer be applicable in the more volatile

economic years ahead. We must change tosuit the times, failing which it may lead to dire

financial consequences.

Heres my Rule of Thumb: Buy to make

money today, not by selling tomorrow.

Take care of the bad times, and let the

good times take care of themselves.

By guest contributor Gerald Tay, CEO of

CREI Academy Group, who exposes widely-

held property investment myths that have

proven highly ineffective in creating wealth,

and prevent a comfortable retirement for the

ordinary investor.

http://www.crei-academy.com/http://www.propwise.sg/secretsofsingaporepropertygurus/http://www.crei-academy.com/http://www.crei-academy.com/http://www.crei-academy.com/http://www.crei-academy.com/http://www.crei-academy.com/


10/18



Property Buying Tip #4: CPF Component

(Reference: www.cpf.gov.sg)

The Central Provident Fund (CPF) is a

comprehensive social security savings plan

that has provided many working

Singaporeans with a sense of security and

confidence in their old age.

The savings in the Ordinary Account can be

used to buy a home, pay for CPF insurance,

investment and education. But only

immediate family members (e.g. spouse,

parents, children and siblings) can jointly buy

property with their CPFs. Married persons

can only buy property with their immediate

family members if using CPF.

http://www.cpf.gov.sg/http://www.cpf.gov.sg/http://www.cpf.gov.sg/http://www.cpf.gov.sg/http://www.cpf.gov.sg/http://www.cpf.gov.sg/http://www.cpf.gov.sg/http://www.cpf.gov.sg/


11/18



For non-related singles (i.e. unmarried, legally

divorced or widowed), they can jointly use

their CPFs to purchase one property (Public

housing/HDB flat or private property) provided

they are currently NOT using their CPFs for

any existing property.

When buying more than one property, you

must set aside half of the prevailing Minimum

Sum before you can use the excess savings

in the Ordinary Account and the SpecialAccount for the second and subsequent

properties.

There is a limit on how much CPF you can

withdraw to service the mortgage loan over

the total mortgage period. This is currently set

at 120% of the purchase price or valuation of

the property at the time of purchase,

whichever is lower, for the first property. It is

set at 100% for the second and subsequent

properties.

For property with a remaining lease of at least

30 years but less than 60 years, the

withdrawal limit is the ratio of the remaining

lease of the property when the youngest

owner is 55 years old, to the lease at the

point of purchase. For property with

remaining lease less than 30 years, CPF

cannot be used. Please refer to the CPF

website for more details.

You cannot use CPF to buy non-residential or

commercial property such as shops, factories

and office spaces. An incorporated company

cannot use its shareholders CPF to invest in

properties.

By Eileen Tan and Ui Wei Teck, property

investors and authors of Enjoying Mid-Life

Without Crisis. Get dozens more tips in their

new book.

http://aktive.com.sg/store/enjoying-mid-life-without-crisis/http://aktive.com.sg/store/enjoying-mid-life-without-crisis/http://aktive.com.sg/store/enjoying-mid-life-without-crisis/http://aktive.com.sg/store/enjoying-mid-life-without-crisis/http://aktive.com.sg/store/enjoying-mid-life-without-crisis/http://aktive.com.sg/store/enjoying-mid-life-without-crisis/http://aktive.com.sg/store/enjoying-mid-life-without-crisis/http://aktive.com.sg/store/enjoying-mid-life-without-crisis/http://aktive.com.sg/store/enjoying-mid-life-without-crisis/http://aktive.com.sg/store/enjoying-mid-life-without-crisis/http://aktive.com.sg/store/enjoying-mid-life-without-crisis/http://aktive.com.sg/store/enjoying-mid-life-without-crisis/http://aktive.com.sg/store/enjoying-mid-life-without-crisis/http://aktive.com.sg/store/enjoying-mid-life-without-crisis/http://aktive.com.sg/store/enjoying-mid-life-without-crisis/


12/18


Singapore Property This Week


Residential

99-year leasehold Queenstown private

housing site attracts 3 bids

The 1.2 ha site located at Commonwealth

Avenue opposite the Queenstown MRT

Station attracted only three bids, with the top

bid of $562.8 million, or $883 psf ppr. While

the bid prices were within expectations, the

number of bids attracted fell below

expectations since it was expected to attract

five to 10 bids given the fact that strata

landed homes could be built on it and the

popularity of homes in the Queenstown area.

However, with the recent cooling measures

and the upcoming supply from nearby sites,

some developers might have chosen not tobid for the site. The site can potentially yield

700 units in a condominium of over 40

storeys given its 4.9 GPR. The estimated

breakeven price and selling price are $1,300-

1,350 psf and $1,550-1,600 psf respectively.

(Source: Business Times)

Better quality for the next generation of

HDB flats

The next generation of HDB flats will look like

those in Punggol South. Each precinct

consists of 1,000 and 3,000 homes and has a

high GPR of 3-3.5 which would mean that

there will be more units available.



13/18



There will also be a neighbourhood park of

0.4-0.7 ha in size within walking distance of

each block in a precinct, unlike the parks in

older estates which serves more households.

In addition, to save space, some carparksmake up the first few floors of a block and

gardens were also built on the rooftops of

integrated carparks.


Housing Developers (Control andLicensing) (Amendment) Bill provides

more transparency

Under the amendment, developers are

required to submit information on sales

transactions in their projects (including

purchase price and agreements such as

reimbursements) that might be published or

used for compilations, analysis, research

studies or surveys. This will ensure that the

caveats logged reflects true property values

since the prices for caveats logged usually

does not include reimbursements or

vouchers. In addition, the showflats

presentation will also be regulated, and thecriteria for granting licences to developers

tightened. Fines will also be increased by five

times while offences under the Act and

subsidiary legislations would be compounded.


Getting private home loans may be more

difficult

While MAS have not extended the restriction

of the mortgage servicing ratio (MSR) to 30%

to private home loans, it has advised financial

institutions to do so to encourage prudence.

In addition, broader rules on the debt

servicing ratio (DSR) will be introduced.

Property loans, car loans, payment of credit



14/18



card bills and repayment for any personal

credit lines are all included in the computation

of the DSR.


Private resale transaction volumes rose

16.7% in January

As a result of buyers trying to avoid the latest

cooling measures, the private resale volumes

saw a 16.7% increase from December 2012

to 920 deals. The OCR saw the highestincrease of 30% to 501 units, followed by the

17% increase to 229 units in the RCR. The

resale volumes in the CCR, on the other

hand, fell by 9% to 109 units in January.

Meanwhile, prices of homes in the RCR and

OCR increased by 2.5% and 1.1% in Januaryto reach $1,256 psf and $997 psf respectively

while prices of homes in the CCR fell by 2.9%

to $1,878 psf. While the transaction volume in

February is expected to remain lacklustre,

stable prices could attract buyers and bring it

up again.

Meanwhile, the HDB resale market is seen to

be stabilising, with the slight increase of COV

by $1,000 to $34,000 and the slip in overall

median resale price by 0.7% to $457,000.This

attributed to the lowered MSR and the

upcoming 23,000 HDB flats in 2013. An

estimated 1,500 resale flats were sold in

January, down from the monthly average of

1,560 in Q4 2012 while the HDB median rents

remained at $2,400. Looking ahead, COVs

can potentially fall by up to 10% in 2013.


Commercial

Industrial sites continue to draw interest

A 30-year leasehold 3.96-ha plot at Tuas with

a 1.4 GPR attracted eight bids, with a top bid

of $61 million or $102.18 psf ppr from Soon



15/18



Hock Group. Zoned for B2 development, its

popularity is attributed to its size and its

potential for development of both strata-landed

factories and multi-storey factories.

Another plot which drew much interest is a 22-year-and-5-month leasehold 0.3-ha plot with a

1.0 GPR in Tuas South Street 8 which attracted

13 bids with the top bid of $2.4 million or

$73.45 psf ppr from Boilermaster Holdings. The

site zoned B2 cannot be strata-subdivided

within five years of the TOP.

The third is a 30 year leasehold 0.35-ha plot

with a 2.5 GPR at Ubi Avenue 4 which attracted

10 bids with the top bid of $16.2 million or

$172.00 psf ppr from Boustead Singapore's

BP-Ubi Industrial. Its popularity is attributed to

the lack of B1 sites as well as its location. It

cannot be strata-subdivided within 10 years of

the TOP.


http://propertymarketinsights.com/


16/18

S G O O ssue 90


Non-Landed Residential Resale Property Transactions for the Week of Jan 23 Jan 29

Postal

DistrictProject Name

Area

(sqft)

Transacted

Price ($)

Price

($ psf)Tenure

1 THE CLIFT 495 1,220,000 2,464 99

2 ICON 560 1,088,000 1,944 99

3 QUEENS 915 1,390,000 1,519 99

3 MERAPRIME 1,313 1,950,000 1,485 99

3 QUEENS 1,184 1,720,000 1,453 99

3 QUEENS 1,195 1,630,000 1,364 99

3 THE METROPOLITAN CONDOMINIUM 1,787 2,380,000 1,332 99

3 RIVER PLACE 2,766 3,500,000 1,265 99

4 RESIDENCES AT W SPORE SENTOSA CV 1,259 3,657,000 2,904 99

4 CARIBBEAN AT KEPPEL BAY 883 1,545,000 1 ,750 99

4 CARIBBEAN AT KEPPEL BAY 1,335 2,300,000 1,723 99

5 BOTANNIA 1,281 1,700,000 1,327 956

5 BOTANNIA 1,270 1,590,000 1,252 956

5 BOTANNIA 1,561 1,880,000 1,205 956

5 HERITAGE VIEW 2,616 3,128,000 1,196 99

5 VARSITY PARK CONDOMINIUM 1,615 1 ,700,000 1,053 99

5 PARK WEST 1,249 1,168,888 936 99

5 VISTA PARK 936 860,000 918 99

7 THE BENCOOLEN 883 1,300,000 1,473 99

7 BURLINGTON SQUARE 732 1,000,000 1,366 99

8 SUITES 123 474 750,000 1,584 FH

8 CITY SQUARE RESIDENCES 1,216 1,920,000 1 ,579 FH

9 THE TRILLIUM 2,390 5,999,000 2,510 FH

9 PATERSON RESIDENCE 1,313 3,265,000 2,486 FH

9 RIVERGATE 1,023 2,350,000 2,298 FH

Postal


Area

(sqft)

Transacted

Price ($)

Price

($ psf)Tenure

9 NEWTON EDGE 441 960,000 2,175 FH

9 VISIONCREST 721 1,500,000 2,080 FH

9 ORCHARD SCOTTS 2,282 4,320,000 1,893 99

9 LEONIE STUDIO 689 1,288,000 1,870 99

9 MIRAGE TOWER 958 1,710,000 1,785 FH

9 WATERFORD RESIDENCE 1,044 1,650,000 1,580 999

9 WATERFORD RESIDENCE 1,023 1,590,000 1,555 999

9 OLEANAS RESIDENCE 1,227 1,808,000 1,473 FH

9 MACKENZIE 88 872 1,215,000 1,394 FH

9 CAVENAGH GARDENS 1,550 1,900,000 1,226 FH

10 ARDMORE PARK 2,885 10,500,000 3,640 FH

10 GRANGE RESIDENCES 2,852 8,380,000 2,938 FH

10 ZENITH 592 1,070,000 1,807 999

10 SOMMERVILLE PARK 1,948 3,500,000 1,796 FH

10 SPRING GROVE 1,668 2,950,000 1,768 99

10 AVALON 1,582 2,750,000 1,738 FH

10 SPANISH VILLAGE 700 1,100,000 1,572 FH

10 VALLEY PARK 1,356 2,125,000 1,567 999

10 PROXIMO 1,119 1,750,000 1,563 FH

10 DORMER PARK 1,249 1,868,000 1,496 FH

10 KELLOCK LODGE 893 1,285,000 1,438 FH

10 QUINTERRA 1,787 2,275,000 1,273 99

11 VIVA 1,345 2,800,000 2,081 FH

11 1 MOULMEIN RISE 1,249 1,930,000 1,546 FH

11 THE SPINNAKER 1,281 1,760,000 1,374 FH



17/18


Postal


Area

(sqft)

Transacted

Price ($)

Price

($ psf)Tenure

12 BALESTIER POINT 1,130 1,168,000 1,033 FH

14 DAKOTA RESIDENCES 1,023 1,520,000 1,486 99

14 ASTORIA PARK 1,195 1,190,000 996 99

14 ESCADA VIEW 861 830,000 964 FH

14 ASTORIA PARK 1,173 1,100,000 938 99

14 FUYUEN COURT 1,141 1,010,000 885 FH

15 PEBBLE BAY 2,099 3,480,000 1,658 99

15 THE BEACON EDGE 678 1,010,000 1,489 FH

15 COTE D'AZUR 1,152 1,610,000 1,398 99

15 PEBBLE BAY 2,626 3,580,000 1,363 99

15 COTE D'AZUR 1,109 1,470,000 1,326 99

15 KING'S MANSION 1,604 2,110,000 1,316 FH

15 MABELLE 624 803,000 1,286 FH

15 COTE D'AZUR 1,152 1,400,000 1,216 9915 SANDALWOOD 1,184 1,400,000 1,182 FH

15 EMPRADO SUITES 893 1,050,000 1,175 FH

15 WATER PLACE 1,475 1,700,000 1,153 99

15 CELESTIA 1,367 1,550,000 1,134 FH

15 KATONG PARK TOWERS 2,120 2,174,025 1,025 99

15 TEMBELING GROVE 1,496 1,500,000 1,003 FH

15 HOMEY GARDENS 1,755 1,713,000 976 FH

15 SILAHIS APARTMENT 1,335 1,255,000 940 FH

15 LAGUNA PARK 1,453 1,300,000 895 9915 BOON COURT 1,496 1,180,000 789 FH

16 EAST COAST RESIDENCES 560 811,800 1,450 FH

16 AQUARIUS BY THE PARK 893 908,888 1,017 99

16 TANAMERA CREST 1,195 1,200,000 1,004 99

16 THE BAYSHORE 947 938,000 990 99

Postal


Area

(sqft)

Transacted

Price ($)

Price

($ psf)Tenure

16 BAYSHORE PARK 2,196 2,080,000 947 99

16 BEDOK COURT 2,260 1,770,000 783 99

17 AVILA GARDENS 463 590,000 1,275 FH

17 EDELWEISS PARK CONDOMINIUM 710 820,000 1,154 FH

17 FERRARIA PARK CONDOMINIUM 883 920,000 1,042 FH

17 FERRARIA PARK CONDOMINIUM 1,324 1,350,000 1,020 FH

17 LOYANG VALLEY 1,496 1,075,000 718 99

17 CHANGI GARDEN 1,399 960,000 686 FH

18 SAVANNAH CONDOPARK 1,453 1,388,000 955 99

18 SAVANNAH CONDOPARK 1,206 1,150,000 954 99

18 LIVIA 1,539 1,462,050 950 99

18 OASIS @ ELIAS 1,302 1,230,000 944 99

18 EASTPOINT GREEN 904 820,000 907 99

18 CHANGI RISE CONDOMINIUM 1,281 1,155,000 902 9918 RIS GRANDEUR 1,539 1,380,000 897 FH

18 EASTPOINT GREEN 1,141 1,020,000 894 99

18 MELVILLE PARK 958 798,000 833 99

18 MELVILLE PARK 1,378 1,030,000 748 99

19 OASIS GARDEN 1,033 1,220,000 1,181 FH

19 KOVAN RESIDENCES 1,776 2,000,000 1,126 99

19 COMPASS HEIGHTS 667 745,000 1,116 99

19 KENSINGTON PARK CONDOMINIUM 1,658 1,790,000 1,080 999

19 RIVERVALE CREST 936 855,000 913 9919 RIO VISTA 1,249 1,130,000 905 99

19 KOVAN LODGE 1,776 1,603,000 903 FH

19 RIO VISTA 1,378 1,230,000 893 99

19 HOUGANG GREEN 1,141 858,000 752 99

20 BISHAN 8 1,528 1,700,000 1,112 99



18/18


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

20 SEASONS VIEW 1,141 1,230,000 1,078 99

20 THE WINDSOR 1,991 1,950,000 979 FH

20 LAKEVIEW ESTATE 1,615 1,500,000 929 99

20 GRANDEUR 8 1,421 1,300,000 915 9921 THE CASCADIA 990 1,839,800 1,858 FH

21 THE CASCADIA 872 1,607,000 1,843 FH

21 THE CASCADIA 1,216 2,115,000 1,739 FH

21 THE CASCADIA 926 1,600,000 1,728 FH

21 MAPLEWOODS 1,496 2,255,968 1,508 FH

21 THE NEXUS 1,485 2,200,000 1,481 FH

21 THE STERLING 1,033 1,500,000 1,452 FH

21 THE NEXUS 1,378 1,998,100 1,450 FH

21 ASTOR GREEN 1,066 1,298,000 1,218 9921 PANDAN VALLEY 2,669 2,980,000 1,116 FH

22 THE LAKESHORE 1,141 1,250,000 1,096 99

22 THE LAKESHORE 1,227 1,300,000 1,059 99

22 PARC VISTA 1,249 1,240,000 993 99

22 PARC VISTA 1,076 968,000 899 99

22 PARC VISTA 1,055 932,000 884 99

23 CASHEW HEIGHTS CONDOMINIUM 1,658 1,700,000 1,026 999

23 HAZEL PARK CONDOMINIUM 1,206 1,138,888 945 999

23 MAYSPRINGS 1,270 1,100,000 866 9923 YEWTEE RESIDENCES 1,356 1,168,000 861 99

23 GUILIN VIEW 1,528 1,300,000 851 99

23 PARKVIEW APARTMENTS 1,087 888,000 817 99

23 PALM GARDENS 1,206 930,000 771 99

25 ROSEWOOD SUITES 1,270 1 ,100,000 866 99

Postal


Area

(sqft)

Transacted

Price ($)

Price

($ psf)Tenure

25 ROSEWOOD 1,173 908,000 774 99

26 THE CALROSE 2,185 2,120,000 970 FH

27 NORTHWOOD 1,130 1,160,000 1,026 FH

27 NORTHWOOD 1,313 1,280,000 975 FH27 ORCHID PARK CONDOMINIUM 958 845,000 882 99

27 ORCHID PARK CONDOMINIUM 1,152 970,000 842 99

27 ORCHID PARK CONDOMINIUM 980 800,000 817 99

27 YISHUN EMERALD 1,335 930,000 697 99

27 SUN PLAZA 1,485 900,000 606 99

28 SELETAR SPRINGS CONDOMINIUM 1,335 1,130,000 847 99

singapore property weekly issue 90

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