Singapore Property Weekly Issue 213

8/21/2019 Singapore Property Weekly Issue 213

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Issue 213Copyright © 2011-2014 www.Propwise.sg. All Rights Reserved.

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CONTENTS

p2 Lessons Learned from a Property

Investment Scam

p8 Singapore Property News This Week

p12 Resale Property Transactions

(June 2 – June 9 )

Welcome to the 213th edition of the

Singapore Property Weekly .

Hope you like it!

Mr. Propwise

FROM THE

EDITOR

mailto:[email protected]://www.propwise.sg/advertise/http://www.propwise.sg/advertise/mailto:[email protected]


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SINGAPORE PROPERTY WEEKLY Issue 213

Page | 2Back to Contents

By Property Soul (guest contributor)

I was in Jakarta when I saw an article on the

front page of The Jakarta Post with the

headline “Property firm deceives thousands of

buyers” (May 27, 2015).

Another story of a property investment

scam

A property consulting firm known as PT Royal

Premier Internasional marketed to the public

investment opportunities of 12 complexes

across Jakarta, Bali, Yogyakarta, Bandung in

West Java and Tangerang in Banten.

Lessons Learned from a Property Investment Scam

http://www.thejakartapost.com/news/2015/05/27/property-firm-deceives-thousands-buyers.htmlhttp://www.thejakartapost.com/news/2015/05/27/property-firm-deceives-thousands-buyers.htmlhttp://www.thejakartapost.com/news/2015/05/27/property-firm-deceives-thousands-buyers.htmlhttp://www.thejakartapost.com/news/2015/05/27/property-firm-deceives-thousands-buyers.htmlhttp://www.thejakartapost.com/news/2015/05/27/property-firm-deceives-thousands-buyers.htmlhttp://www.thejakartapost.com/news/2015/05/27/property-firm-deceives-thousands-buyers.htmlhttp://www.thejakartapost.com/news/2015/05/27/property-firm-deceives-thousands-buyers.htmlhttp://www.thejakartapost.com/news/2015/05/27/property-firm-deceives-thousands-buyers.htmlhttp://www.thejakartapost.com/news/2015/05/27/property-firm-deceives-thousands-buyers.htmlhttp://www.thejakartapost.com/news/2015/05/27/property-firm-deceives-thousands-buyers.htmlhttp://www.thejakartapost.com/news/2015/05/27/property-firm-deceives-thousands-buyers.htmlhttp://www.thejakartapost.com/news/2015/05/27/property-firm-deceives-thousands-buyers.htmlhttp://www.thejakartapost.com/news/2015/05/27/property-firm-deceives-thousands-buyers.html


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The company bought condotels from

developers with progressive payments but

claimed it owned those properties. By

leveraging on a partnership with the reputable

property agency Century 21, their investment

opportunity gained a lot of credibility.

Prospective buyers were also lured with

attractive incentives to make a one-off

payment, including high return on investment

and various gifts such as cash back and car

prizes.

As in any high profile investment scheme that

promises ultra-high returns, we all know

what’s going to happen next: The company

embezzled all the investment funds and the

person-in-charge fled to Seoul. There were asmany as 1,157 victims who lost a total of Rp

800 billion (S$80 million).

The police found that the company only paid

around Rp 155 million (S$15.5 million) to the

developers. The rest of the funds from the

investors were spent on buying insurance,

houses, land and vehicles.

What are the lessons learned?

This is not the first incident, and there will

definitely be more to come. And it is almost

impossible for any government to weed out all

these property investment scams.

Every day potential property buyers and

amateur investors are tempted by different

investment offers. How can they tell which

ones are real projects and who can be

trusted?

Below are four invaluable lessons learnedfrom this property investment trap in

Indonesia.


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Lesson #1: Look out for what’s

underneath, not what they want to show

you.

Is PT Royal Premier Internasional a trustedcompany? No one knows. But for three years

it has a nice office at the prestigious Bakrie

Tower, a grand 50-storey office tower which is

a landmark in the heart of Jakarta’s prime

CBD area.

So what? The infamous Brazil public housingproject developer EcoHouse also opened its

Singapore office at Suntec Tower Two in

February 2013. It closed 1 ½ years’ later

when investors started legal proceedings to

recover their investment funds. Even then the

once high-profile developer still denied all

accusations in front of the media. Barely three

months later, it suspended all its global

operations.

Look beyond what the developers and their

marketing agents want you to see. Conduct

due diligence before making any purchase

decision.

What is the history, background and business

profile of the company? Do the numbers in

their recent years’ of financial statements look

suspicious? Have they just started venturing

into real estate? Do they have any track

record of building relevant property projects?Lesson #2: Look into the developer, not

the marketing agent.

Is Century 21 a reputable and trusted

marketing agency? Definitely. Century 21 is

the franchisor of the world’s largest residential

real estate sales network, with presence in 74

countries comprising more than 100,000

property agents.

http://www.propertyguru.com.sg/property-management-news/2014/8/58598/ecohouse-closes-its-sg-officehttp://www.propertyguru.com.sg/property-management-news/2014/8/58598/ecohouse-closes-its-sg-officehttp://www.propertyguru.com.sg/property-management-news/2014/8/58598/ecohouse-closes-its-sg-officehttp://www.propertyguru.com.sg/property-management-news/2014/8/58598/ecohouse-closes-its-sg-officehttp://www.propertyguru.com.sg/property-management-news/2014/11/71291/ecohouse-suspends-operationshttp://www.propertyguru.com.sg/property-management-news/2014/11/71291/ecohouse-suspends-operationshttp://www.propertyguru.com.sg/property-management-news/2014/11/71291/ecohouse-suspends-operationshttp://www.propertyguru.com.sg/property-management-news/2014/11/71291/ecohouse-suspends-operationshttp://www.propertyguru.com.sg/property-management-news/2014/11/71291/ecohouse-suspends-operationshttp://www.propertyguru.com.sg/property-management-news/2014/11/71291/ecohouse-suspends-operationshttp://www.propertyguru.com.sg/property-management-news/2014/11/71291/ecohouse-suspends-operationshttp://www.propertyguru.com.sg/property-management-news/2014/11/71291/ecohouse-suspends-operationshttp://www.propertyguru.com.sg/property-management-news/2014/11/71291/ecohouse-suspends-operationshttp://www.propertyguru.com.sg/property-management-news/2014/11/71291/ecohouse-suspends-operationshttp://www.propertyguru.com.sg/property-management-news/2014/11/71291/ecohouse-suspends-operationshttp://www.propertyguru.com.sg/property-management-news/2014/8/58598/ecohouse-closes-its-sg-officehttp://www.propertyguru.com.sg/property-management-news/2014/8/58598/ecohouse-closes-its-sg-officehttp://www.propertyguru.com.sg/property-management-news/2014/8/58598/ecohouse-closes-its-sg-officehttp://www.propertyguru.com.sg/property-management-news/2014/8/58598/ecohouse-closes-its-sg-officehttp://www.propertyguru.com.sg/property-management-news/2014/8/58598/ecohouse-closes-its-sg-officehttp://www.propertyguru.com.sg/property-management-news/2014/8/58598/ecohouse-closes-its-sg-officehttp://www.propertyguru.com.sg/property-management-news/2014/8/58598/ecohouse-closes-its-sg-officehttp://www.propertyguru.com.sg/property-management-news/2014/8/58598/ecohouse-closes-its-sg-officehttp://www.propertyguru.com.sg/property-management-news/2014/8/58598/ecohouse-closes-its-sg-officehttp://www.propertyguru.com.sg/property-management-news/2014/8/58598/ecohouse-closes-its-sg-officehttp://www.propertyguru.com.sg/property-management-news/2014/8/58598/ecohouse-closes-its-sg-officehttp://www.propertyguru.com.sg/property-management-news/2014/8/58598/ecohouse-closes-its-sg-officehttp://www.propertyguru.com.sg/property-management-news/2014/8/58598/ecohouse-closes-its-sg-officehttp://www.propertyguru.com.sg/property-management-news/2014/8/58598/ecohouse-closes-its-sg-officehttp://www.propertyguru.com.sg/property-management-news/2014/8/58598/ecohouse-closes-its-sg-officehttp://www.propertyguru.com.sg/property-management-news/2014/8/58598/ecohouse-closes-its-sg-officehttp://www.propertyguru.com.sg/property-management-news/2014/8/58598/ecohouse-closes-its-sg-officehttp://www.propertyguru.com.sg/property-management-news/2014/8/58598/ecohouse-closes-its-sg-officehttp://www.propertyguru.com.sg/property-management-news/2014/8/58598/ecohouse-closes-its-sg-office


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But when things turned sour, with the

company director of PT Royal Premier

Internasional still at large, the police

summoned the management of Century 21

for investigations.

PT Royal Premier Internasional is not even a

developer. And they don’t really have full

ownership of the properties they are selling.

So why did Century 21not raise the alarm but

instead signed up as the exclusive marketingagent?

The property agency might not be in the

know. Or their judgment might be clouded by

the lucrative business opportunity, high profit

margin or any vested interest.

Message to prospective investors: do the due

diligence on the developer or the seller. The

company marketing the project is irrelevant to

the credibility and quality of the deal.

Lesson #3: Look for completed properties,

not off-plan projects.

Is it safe to buy off-plan properties with

progressive payments? My book No B.S.

Guide to Property Investment has touched on

the different types of risks involved in buying

uncompleted projects.

I don’t like surprises in my investments. I

prefer to buy resale properties because what

you see is what you get; and what you pay iswhat you get.

The legal counselor in Bali advised buyers to

ensure that the properties they intend to buy

should be at least 20 percent constructed. But

even projects with over 70 percent completion

still have the chance of being abandoned by

the developers.

Prudent investors should make a trip to the

actual site to check whether construction has


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already started. At least a significant portion

of the project should be completed.

Singapore buyers are used to buying off-plan

projects from local developers even before

the latter has started any foundation work.

However, they need to be careful when

buying overseas properties, as they are no

longer protected by the regulations of the

Monetary Authority of Singapore.

With sky-high property prices and propertybuying restrictions at home, Singaporeans

are looking overseas for cheaper alternatives.

However, property investment is different

from buying your own home. You can’t settle

for less just because you can’t afford the

better choices.

Lesson #4: Look at the deal itself, not the

incentives.

Is a high return or buyer incentives critical to

attract buyers in a property project? How

many of the 1,157 victims were drawn by the

promise of high returns, cash back and car

prizes?

The US property fix-and-flip scheme by CTL

Global promised a high return between 14.5

and 22.3 percent. Victims from Singapore

claimed that except for one month’s rental for

a property, they never received the

guaranteed return. Instead they received

legal letters from the US asking them to pay

up the outstanding mortgage or face

foreclosure. Rather than getting cheques with

high rental returns or flipping profits, they

ended up sending cheques to save their

properties.

The risk of ultra-high return investment

schemes is that, once the company can’t

deliver the promised return, they can only go

bankrupt or missing.

SINGAPORE PROPERTY WEEKLY I 213

http://singaporeseen.stomp.com.sg/singaporeseen/this-urban-jungle/singaporeans-lose-thousands-after-us-property-scheme-turns-sourhttp://singaporeseen.stomp.com.sg/singaporeseen/this-urban-jungle/singaporeans-lose-thousands-after-us-property-scheme-turns-sourhttp://singaporeseen.stomp.com.sg/singaporeseen/this-urban-jungle/singaporeans-lose-thousands-after-us-property-scheme-turns-sourhttp://singaporeseen.stomp.com.sg/singaporeseen/this-urban-jungle/singaporeans-lose-thousands-after-us-property-scheme-turns-sourhttp://singaporeseen.stomp.com.sg/singaporeseen/this-urban-jungle/singaporeans-lose-thousands-after-us-property-scheme-turns-sourhttp://singaporeseen.stomp.com.sg/singaporeseen/this-urban-jungle/singaporeans-lose-thousands-after-us-property-scheme-turns-sourhttp://singaporeseen.stomp.com.sg/singaporeseen/this-urban-jungle/singaporeans-lose-thousands-after-us-property-scheme-turns-sourhttp://singaporeseen.stomp.com.sg/singaporeseen/this-urban-jungle/singaporeans-lose-thousands-after-us-property-scheme-turns-sourhttp://singaporeseen.stomp.com.sg/singaporeseen/this-urban-jungle/singaporeans-lose-thousands-after-us-property-scheme-turns-sourhttp://singaporeseen.stomp.com.sg/singaporeseen/this-urban-jungle/singaporeans-lose-thousands-after-us-property-scheme-turns-sourhttp://singaporeseen.stomp.com.sg/singaporeseen/this-urban-jungle/singaporeans-lose-thousands-after-us-property-scheme-turns-sourhttp://singaporeseen.stomp.com.sg/singaporeseen/this-urban-jungle/singaporeans-lose-thousands-after-us-property-scheme-turns-sourhttp://singaporeseen.stomp.com.sg/singaporeseen/this-urban-jungle/singaporeans-lose-thousands-after-us-property-scheme-turns-sourhttp://singaporeseen.stomp.com.sg/singaporeseen/this-urban-jungle/singaporeans-lose-thousands-after-us-property-scheme-turns-sourhttp://singaporeseen.stomp.com.sg/singaporeseen/this-urban-jungle/singaporeans-lose-thousands-after-us-property-scheme-turns-sourhttp://singaporeseen.stomp.com.sg/singaporeseen/this-urban-jungle/singaporeans-lose-thousands-after-us-property-scheme-turns-sourhttp://singaporeseen.stomp.com.sg/singaporeseen/this-urban-jungle/singaporeans-lose-thousands-after-us-property-scheme-turns-sourhttp://singaporeseen.stomp.com.sg/singaporeseen/this-urban-jungle/singaporeans-lose-thousands-after-us-property-scheme-turns-sourhttp://singaporeseen.stomp.com.sg/singaporeseen/this-urban-jungle/singaporeans-lose-thousands-after-us-property-scheme-turns-sourhttp://singaporeseen.stomp.com.sg/singaporeseen/this-urban-jungle/singaporeans-lose-thousands-after-us-property-scheme-turns-sourhttp://singaporeseen.stomp.com.sg/singaporeseen/this-urban-jungle/singaporeans-lose-thousands-after-us-property-scheme-turns-sourhttp://singaporeseen.stomp.com.sg/singaporeseen/this-urban-jungle/singaporeans-lose-thousands-after-us-property-scheme-turns-sourhttp://singaporeseen.stomp.com.sg/singaporeseen/this-urban-jungle/singaporeans-lose-thousands-after-us-property-scheme-turns-sourhttp://singaporeseen.stomp.com.sg/singaporeseen/this-urban-jungle/singaporeans-lose-thousands-after-us-property-scheme-turns-sourhttp://singaporeseen.stomp.com.sg/singaporeseen/this-urban-jungle/singaporeans-lose-thousands-after-us-property-scheme-turns-sourhttp://singaporeseen.stomp.com.sg/singaporeseen/this-urban-jungle/singaporeans-lose-thousands-after-us-property-scheme-turns-sourhttp://singaporeseen.stomp.com.sg/singaporeseen/this-urban-jungle/singaporeans-lose-thousands-after-us-property-scheme-turns-sourhttp://singaporeseen.stomp.com.sg/singaporeseen/this-urban-jungle/singaporeans-lose-thousands-after-us-property-scheme-turns-sour


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And do buyers know that they are actually the

ones paying for all the incentives, cash

subsidies and rebates they get from the

developers?

As I was finishing this blog post, an email

arrived at my mailbox. It read "Empty land for

sale in Jakarta with the surroundings of

offices, mall, apartments and industrial

development. For more information, contact

us at xxxxxxx".Oh no, not another one!

By guest contributor Property Soul, a

successful property investor, blogger , and

author of the No B.S. Guide to Property

Investment.

SINGAPORE PROPERTY WEEKLY I 213

http://propertysoul.com/http://aktive.com.sg/store/no-b-s-guide-to-property-investment/http://aktive.com.sg/store/no-b-s-guide-to-property-investment/http://www.moneymatters.sg/http://aktive.com.sg/store/no-b-s-guide-to-property-investment/http://aktive.com.sg/store/no-b-s-guide-to-property-investment/http://aktive.com.sg/store/no-b-s-guide-to-property-investment/http://aktive.com.sg/store/no-b-s-guide-to-property-investment/http://aktive.com.sg/store/no-b-s-guide-to-property-investment/http://aktive.com.sg/store/no-b-s-guide-to-property-investment/http://aktive.com.sg/store/no-b-s-guide-to-property-investment/http://aktive.com.sg/store/no-b-s-guide-to-property-investment/http://aktive.com.sg/store/no-b-s-guide-to-property-investment/http://aktive.com.sg/store/no-b-s-guide-to-property-investment/http://aktive.com.sg/store/no-b-s-guide-to-property-investment/http://aktive.com.sg/store/no-b-s-guide-to-property-investment/http://aktive.com.sg/store/no-b-s-guide-to-property-investment/http://aktive.com.sg/store/no-b-s-guide-to-property-investment/http://propertysoul.com/


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Singapore Property This Week


Residential

To a P ay o h C o n do s i te s o l d f o r $34 5.8 6

mil l ion at t ender

A 1.2 hectare condominium site at Toa Payoh

has been sold to the top bidder for $345.86

million or $755.30 psfppr in a tender. The site

is located near Braddell MRT Station and will

yield around 590 units. According to

developers, half of the units to be developed

will consist of one and two-bedders that are

priced below $1 million. The project is

expected to be launched in March or April

next year. In line with experts’ expectations,

the tender drew 14 bids. It was previously

predicted that the top bids would be around

$640 to $700 psfppr.

(Source: Business Times)

West C oast resident ial s i t e up f or t ender

Located at West Coast Vale, a residential site

has been put up for tender under the

confirmed list for the government land sales

programme. The site is expected to yield

about 595 units. Desmond Sim from CBRE

expects the West Coast site to draw much

interest due to a cut in supply of residential

sites in the second half of this year. Sim

predicts that there will be about 10 to 14 bids;

and the top bid should be more than $600

psfppr.



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On the other hand, Ong Kah Seng from R’ST

believes that the top bid would be around

$450 to $500 psfppr. The 18,909 sq m plot of

land is located near commercial amenities

such as Westgate and JEM. It is also situatednear the Jurong Country Club golf course,

which will be developed into a terminal for a

high-speed rail link with Malaysia.


M ND t o l o o k i n t o h e l p i n g b u y e r s o f r es a le

f lat s near parent s

Minister for National Development Khaw

Boon Wan said that priority schemes have

been enhanced to help Singaporeans who

want to stay near their parents. Khaw

acknowledges that more Singaporeans are

looking for flats near those of their extended

families in mature estates. To help this group

of buyers, the ministry will look into improving

current measures. Data from MND showed

that 24% of build-to-order flat applicants have

applied under one of the ministry’s priority

schemes. Those who have applied under

these schemes are more likely to obtain a flat.Khaw said more flats will be launched in

mature estates to meet the needs of

Singaporeans who wish to stay near their

parents. Not only so, grants will also be

provided to help first-timer families who wish

to buy resale flats to live together or close to

their parents or married children.


D ev e lo p e r s a l e s f a l l t o 8 45 u n i t s i n M ay ,

d o w n f r o m 1 ,2 93 i n A p r i l

Developer sales have been slow in May as

only 845 units were sold in total that month as

compared to the 1,293 that were sold in April

this year.



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Of the 845 units, 638 units are private

residential units and 207 are executive

condominium units. Also, developers have

released only 979 units in May, down from the

1,382 units released in the previous month.Mohammed Ismail from PropNex added that

given the downwards trend, developer sales

in June is expected to be slow too. Chia Siew

Chuin from Colliers International added that

he believes that about 500 units will be sold

by developers in June. According to data fromURA, three-quarters of the total number of

private home sold in May took place in the

outside central region. Also, market experts

believe that the lending curbs will continue to

limit the affordability of private homes, thus

further impacting developer sales.


Commercial

Singapore’s o ff i c e m a r k et l es s a tt r ac t i v e

t han Aust ral ia and Japan

According to Union Investment, Singapore’soffice market is less attractive than Australia

and Japan due to slow rental growth and an

excess supply of office space.Not only so,

several landlords are considering selling their

Singaporean offices. It is believed that

interest has been expressed for Singapore’s Asia Square Tower 1, which could be sold for

more than $4 billion. Other landlords such as

Keppel Land’s investing company is also

planning to sell its 50% stake in Capital

Square. According to Cushman & Wakefield,

Grade A office rents in the CBD is expected tofall by 14% in the next two years to $9.12 psf

per month from $10.60 psf per month.




12/14



Tr a n s ac t i o n f o r s t r at a o f f ic e u n i ts l o w e s t

s inc e H 1 2009

According to data from Knight Frank, the

number of caveats lodged for strata office

units between January and May fell by 72.7%

from the same period last year. This is the

lowest since H1 2009, where 63 caveats were

lodged. Not only so, the number of caveats

lodged for retail strata units have also fallen

by 58.4% year-on-year in the January-to-May

period this year. This is the lowest since H2

2008. Alice Tan from Knight Frank believes

that the overall transaction volumes will

remain low at around 400 to 600 units for the

entire year. This is likely to be due to cooling

measures such as the total debt servicingratio framework. According to the Business

Times, the average prices of new freehold

office units are about $3,467 psf from January

to May this year. This is 17.8% higher than

the average price of $2,944 psf in H2 2014.

Due to limited stock, office spaces in CBD

remain highly sought after, said Tan.



http://propertymarketinsights.com/


13/14



Non-Landed Residential Resale Property Transactions for the Week of Jun 2 – Jun 9

Postal

DistrictProject Name

Area

(sqft)

Transacted

Price ($)

Price

($ psf)Tenure

1 MARINA BAY SUITES 2,045 4,620,000 2,259 99

1 THE SAIL @ MARINA BAY 592 1,220,000 2,061 991 PEOPLE'S PARK COMPLEX 409 500,000 1,222 99

3 MERAPRIME 1,173 1,670,000 1,423 99

3 TANGLIN VIEW 1,141 1,500,000 1,315 99

3 EMERALD PARK 1,238 1,400,000 1,131 99

4 REFLECTIONS AT KEPPEL BAY 3,993 9,600,000 2,404 99

4 THE COAST AT SENTOSA COVE 2,024 3,400,000 1,680 99

4 CARIBBEAN AT KEPPEL BAY 1,572 2,280,000 1,451 99

5 VARSITY PARK CONDOMINIUM 1,475 1,760,000 1,193 99

5 HERITAGE VIEW 1,206 1,380,000 1,145 995 REGENT PARK 807 850,000 1,053 99

7 SOUTHBANK 904 1,560,000 1,725 99

8 CITY SQUARE RESIDENCES 1,206 1 ,700,000 1,410 FH

8 CITY SQUARE RESIDENCES 1,518 2 ,080,000 1,370 FH

8 KERRISDALE 1,259 1,290,000 1,024 99

9 SCOTTS SQUARE 624 2,202,371 3,528 FH

9 ESPADA 355 1,030,000 2,900 FH

9 URBAN SUITES 2,002 4,900,000 2,447 FH

9 THE COSMOPOLITAN 1,679 3,180,000 1,894 FH9 8 @ MOUNT SOPHIA 1,464 2,220,000 1,516 103

9 LEONIE GARDENS 2,540 3,200,000 1,260 99

9 WILKIE STUDIO 1,916 2,200,000 1,148 FH

10 GOODWOOD RESIDENCE 2,142 5,180,000 2,418 FH

10 GRANGE RESIDENCES 2,583 6,088,000 2,357 FH

Postal


Area

(sqft)

Transacted

Price ($)

Price

($ psf)Tenure

10 N.A. 2,120 4,029,900 1,900 FH

10 GALLOP GABLES 2,863 5,050,000 1,764 FH10 GALLOP GABLES 2,648 4,600,000 1,737 FH

10 BELMOND GREEN 1,335 2,300,000 1,723 FH

10 REGENCY PARK 3,649 5,850,000 1,603 FH

10 MELROSE PARK 1,507 2,350,000 1,559 999

10 THE MARBELLA 1,658 2,550,000 1,538 FH

10 WING ON LIFE GARDEN 3,498 5 ,200,000 1,486 FH

10 THE TESSARINA 1,033 1,530,000 1,481 FH

10 SPRING GROVE 1,389 2,000,000 1,440 99

10 RIDGEWOOD 2,002 2,530,000 1,264 99911 368 THOMSON 872 1,470,000 1,686 FH

11 VILLA CHANCERY 2,659 3,700,000 1,392 FH

11 MONTEBLEU 807 1,090,000 1,350 FH

11 THE ANSLEY 1,281 1,620,000 1,265 FH

11 THOMSON 800 1,625 2,000,000 1,230 FH

11 ADAM PARK CONDOMINIUM 1,916 1 ,818,000 949 FH

12 TRELLIS TOWERS 840 1,233,800 1,470 FH

12 TRELLIS TOWERS 710 1,035,000 1,457 FH

12 TREVISTA 1,141 1,530,000 1,341 9914 SUITES @ EUNOS 344 598,000 1,736 FH

14 DAKOTA RESIDENCES 1,894 2,528,000 1,334 99

14 WINDY HEIGHTS 2,476 1,988,000 803 FH

15 QUESTA @ DUNMAN 527 855,000 1,621 FH

15 AALTO 1,528 2,460,000 1,609 FH



14/14



NOTE: This data only covers non-landed residential resale propertytransactions 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

15 THE SEAFRONT ON MEYER 1,066 1,600,000 1,501 FH

15 THE SEAFRONT ON MEYER 1,604 2,350,000 1,465 FH

15 JUPITER 18 452 620,000 1,371 FH

15 RIVEREDGE 1,518 2,010,000 1,324 99

15 COSTA RHU 1,841 2,330,000 1,266 99

15 PEBBLE BAY 1,367 1,660,000 1,214 99

15 THE MAKENA 1,507 1,800,000 1,194 FH

15 MARINE VILLE 936 1,060,000 1,132 FH

16 BREEZE BY THE EAST 2,185 2,250,000 1,030 FH

16 VENEZIO 1,173 1,180,000 1,006 FH

16 EAST MEADOWS 1,238 1,180,000 953 99

16 EAST MEADOWS 1,496 1,385,000 926 99

16 BAYSHORE PARK 1,292 1,165,000 902 99

16 BAYSHORE PARK 1,292 1,100,000 852 9916 APOLLO GARDENS 1,841 1,400,000 761 FH

17 EDELWEISS PARK CONDOMINIUM 1,023 920,000 900 FH

17 CARISSA PARK CONDOMINIUM 1,324 1,030,000 778 FH

18 MODENA 1,453 1,360,000 936 99

18 MODENA 1,410 1,228,000 871 99

18 MELVILLE PARK 1,087 725,000 667 99

18 TAMPINES COURT 1,701 950,000 559 101

19 SUITES @ KOVAN 366 500,000 1,366 FH

19 A TREASURE TROVE 1,130 1,250,000 1,106 9919 3@SANDILANDS 1,087 1,081,008 994 999

19 CHUAN PARK 1,528 1,360,000 890 99

19 CHUAN PARK 1,173 1,033,000 880 99

19 RIO VISTA 1,378 1,100,000 798 99

Postal


Area

(sqft)

Transacted

Price ($)

Price

($ psf)Tenure

20 BISHAN POINT 1,270 1,320,000 1,039 99

20 LAKEVIEW ESTATE 1,615 1,300,000 805 99

20 GRANDEUR 8 1,647 1,168,000 709 99

21 THE BEVERLY 1,496 1,920,000 1,283 FH

21 THE CASCADIA 1,916 1,800,000 939 FH

21 REGIS MANSIONS 1,206 1,010,000 838 FH

21 PINE GROVE 1,690 1,220,000 722 99

22 THE LAKESHORE 1,173 1,160,000 989 99

22 PARC OASIS 1,389 1,200,000 864 99

22 THE MAYFAIR 1,184 960,000 811 99

23 HILLVISTA 990 1,232,888 1,245 FH

23 FORESQUE RESIDENCES 1,270 1,445,260 1,138 99

23 THE JADE 1,012 1,120,000 1,107 99

23 MAYSPRINGS 807 750,000 929 9923 MI CASA 1,259 1,128,000 896 99

23 PALM GARDENS 1,206 825,000 684 99

26 MEADOWS @ PEIRCE 1,776 1,687,200 950 FH

28 SUNRISE GARDENS 1,302 960,000 737 99

Singapore Property Weekly Issue 213

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