More looking to buy homes in 2018

PROPERTY PERSONALISED MCI (P) 136/8/217 PPS 1519/9/212 (2285) Visit EdgeProp.sg to nd properties, research market trends and read the latest news The week of January 8, 218 ISSUE 812-34 Gig economy WeWork expands in Singapore, Southeast Asia EP4 Done Deals Toh Tuck area sees increase in buying interest EP8&9 Gains and Losses Unit at The Marq sold at $4.9 mil loss EP1 Deal Watch Conservation terraced house on Kim Yam going for $2.78 mil EP11 More looking to buy homes in 218 SAMUEL ISAAC CHUA/THE EDGE SINGAPORE The Homebuyers Sentiment Survey, jointly conducted by EdgeProp and Knight Frank Singapore, sheds light on how people feel about the local residential market. See our Cover Story on Pages 5 to 7. View of Bukit Merah from Alexandra Road

EP2 EDGEPROP JANUARY 8, 218 PROPERTY BRIEFS EDITORIAL EDITOR Cecilia Chow HEAD OF RESEARCH Feily Sofi an DEPUTY EDITOR Lin Zhiqin WRITERS Angela Teo, Timothy Tay DIGITAL WRITER Fiona Ho ERA REALTY COLLIERS SAVILLS SINGAPORE COPY-EDITING DESK Elaine Lim, Evelyn Tung, Chew Ru Ju, Shanthi Murugiah PHOTO EDITOR Samuel Isaac Chua PHOTOGRAPHER Albert Chua EDITORIAL COORDINATOR Yen Tan DESIGN DESK Tan Siew Ching, Christine Ong, Monica Lim, Tun Mohd Zafi an Mohd Za abah ADVERTISING + MARKETING ADVERTISING SALES DIRECTOR, COMMERCIAL OPERATIONS Cowie Tan ASSOCIATE ACCOUNT DIRECTOR Diana Lim ACCOUNT MANAGER James Chua CIRCULATION DIRECTOR Victor The EXECUTIVE Malliga Muthusamy, Ashikin Kader CORPORATE CHIEF EXECUTIVE OFFICER Bernard Tong PUBLISHER The Edge Property Pte Ltd 15 Cecil Street #13- Singapore 69543 Tel: (65) 6232 8688 Fax: (65) 6232 862 PRINTER KHL Printing Co Pte Ltd 57 Loyang Drive Singapore 58968 Tel: (65) 6543 2222 Fax: (65) 6545 3333 PERMISSION AND REPRINTS Material in The Edge Property may not be reproduced in any form without the written permission of the publisher We welcome your comments and criticism: propertyeditor.sg@ bizedge.com Pseudonyms are allowed but please state your full name, address and contact number for us to verify. Low Keng Huat launches Kismis Residences and TRANQUILIA @ Kismis Singapore-listed property development and construction company Low Keng Huat (Singapore) officially launched Kismis Residences (above) and TRANQUILIA @ Kismis on Jan 5, according to ERA Realty, which is jointly marketing both projects with OrangeTee & Tie. Located near Toh Tuck Road, the two freehold projects are jointly developed by Low Keng Huat and privately held developer Wenul Development. Kismis Residences, located on Lorong Kismis, comprises 31 terraced houses: Eight are corner lots and 23 are intermediate units. According to ERA Realty, each five-floor unit has five en-suite bedrooms, an entertainment room in the basement with a separate entrance, an attic, a jet pool at the roof terrace, as well as a car porch. The builtup area of each unit is between 4,7 and 5,5 sq ft. Each corner lot is priced between $5.3 million and $5.282 million; and each intermediate lot is priced between $4.155 million and $4.464 million. Meanwhile, TRANQUILIA @ Kismis, which is located at the junction of Eng Kong Road and Lorong Kismis, comprises seven strata terraced houses. Each unit has a strata area of 4,359 to 5,597 sq ft. Prices range between $3.521 million and $4.255 million. Over the soft launch period in December 217, we managed to secure buyers for 11 of the 22 units released for sale at both projects, says Eugene Lim, key executive officer at ERA Realty. City Towers makes fourth collective sale attempt with $355 mil reserve price City Towers (top, centre) on Bukit Timah Road has been put up for collective sale on Jan 4. This is the fourth such attempt for the owners at City Towers, says M Singh, chairman of the City Towers collective sale committee. The reserve price of the property is $355 million, including a development charge of about $3.55 million for the intensification of land use, according to marketing agent Colliers International. This works out to $1,633 psf per plot ratio, comparable to the $1,84 psf ppr land rate garnered by the nearby Crystal Tower in December, notes Colliers. Built in the 196s, the 17-storey development occupies a 14,531 sq ft site. Under the 214 Master Plan, the site is zoned Residential, with a gross plot ratio of 2.1. Based on the total gross floor area of 219,516 sq ft, the site could be redeveloped into a 24-storey residential block with 19 units, assuming that each unit is an average of 1,98 sq ft and subject to authorities approval, says Colliers. City Towers comprises 77 apartments and maisonettes, a penthouse and a retail unit. If the collective sale is successful, each residential owner could receive between $2.45 million and $1.17 million, depending on the size of their units, according to Colliers. The tender exercise closes on Feb 7. Private-home prices up 1% in 217 after three years of decline Sixth Avenue Centre up for collective sale at $9.5 mil Sixth Avenue Centre (top, right) at Bukit Timah was launched for collective sale on Jan 3. The guide price for the freehold, mixed-use redevelopment site is $9.5 million, including a development charge of about $526,, according to marketing agent Savills Singapore. This works out to a land cost of about $2,22 psf ppr. The existing development comprises seven retail units and 18 residential units on a 15,9 sq ft site. Under the 214 Master Plan, the site is zoned Commercial and Residential, with a gross plot ratio of 3.. This means the property has an allowable gross floor area of 45,28 sq ft. According to Savills, Sixth Avenue Centre can be redeveloped into a project comprising a retail component with 18,11 sq ft of GFA, as well as 35 apartments with a total GFA of 27,17 sq ft subject to authorities approval. This is assuming an average size of 753 sq ft for each apartment. Sixth Avenue Centre is located within walking distance of Royalville and the residential Government Land Sales (GLS) site on Fourth Avenue, says Suzie Mok, senior director of investment sales at Savills Singapore. Last December, Allgreen Properties bought Royalville for $478 million ($1,96 psf ppr) and the Fourth Avenue site for $553 million ($1,54 psf ppr). The tender closes on Jan 31. Kovan Apartments launched for collective sale at $33 mil Kovan Apartments on Kovan Road was launched for collective sale on Jan 3. According to marketing agent Savills Singapore, the guide price for the property is $33 million. Savills estimates the development charge required to develop the site to its maximum allowable plot ratio at $2.57 million. Taking this into account, the price works out to $1,199 psf ppr. Located 7m from the Kovan MRT station, the 21,193 sq ft site is near amenities such as Heartland Mall and Kovan Market and Food Centre. The existing development is a four-storey residential block of 16 units. Under the 214 Master Plan, the site is zoned Residential, with a plot ratio of 1.4. This means the site can be redeveloped into a project with a GFA of about 29,67 sq ft. This in turn works out to be 27 units, assuming each unit is an average of 1,75 sq ft. The tender closes on Feb 5. Compiled by Angela Teo E BY ANGELA TEO Based on flash estimates released by URA on Jan 2, the private residential property index rose one point to 138.6 in 4Q217, up.7% q-o-q. Property prices rose 1% in 217, marking the first y-o-y increase in prices since 213. Prices fell 3.1% y-o-y in 216, 3.7% y-o-y in 215 and 4% y-o-y in 214. Lee Nai Jia, head of research at Edmund Tie & Co (ET&Co), attributes the full-year increase in private residential property prices to, among other factors, the easing of cooling measures, bullish bids for Government Land Sales (GLS) and collective sale sites, as well as the stronger economic outlook towards year-end. Prices of non-landed private residential properties in the Core Central Region (CCR) saw the strongest growth, rising 1.6% q-o-q in 4Q217, compared with a.1% increase in 3Q217. According to caveats lodged with URA, some projects that contributed to the price growth in 4Q218 were Martin Modern, Gramercy Park and Sophia Hills, which saw median prices rise q-o-q by 8.3%, 4.% and 1.8%, respectively, comments Tricia Song, head of research for Singapore at Colliers International. Meanwhile, prices in the Rest of Central Region (RCR) and the Outside Central Region (OCR) recorded lower q-o-q increases of.2% and.6%, respectively, in 4Q217, compared with.5% and.8% in 3Q217. It was the same for landed property prices, which rose.6% q-o-q in 4Q217, versus 1.2% in 3Q217. Colliers Song notes that overall private residential property prices for 217 are 1.3% below the 213 peak. We expect overall private home prices to rise 5% in 218, barring unforeseen events, she says. According to URA, flash estimates were calculated based on transaction prices given in contracts submitted for stamp duty payment as well as developer sales data until mid-december. Meanwhile, based on flash estimates released by HDB on Jan 2, the resale price index for public housing fell from 132.8 points in 3Q217 to 132.6 in 4Q217, translating into a.2% decrease in prices versus a.7% decline in 3Q217. According to Eugene Lim, key executive officer of ERA Realty, resale prices of HDB flats saw a 1.5% y-o-y decline in 217. Lim attributes this to, among other factors, a reported announcement by Minister for National Development Lawrence Wong in March that not all ageing HDB flats will undergo the Selective En-Bloc Redevelopment Scheme. HDB will offer about 3,6 new flats in the first Build-to-Order exercise this year, which is slated for launch in February. The flats will be located in Tampines, Woodlands, Choa Chu Kang and Geylang. URA and HDB will release the full and updated set of real estate statistics on Jan 26. Jan 26. Prices of non-landed private residential properties in CCR rose 1.6% in 4Q217 SAMUEL ISAAC CHUA/THE EDGE SINGAPORE

EDGEPROP JANUARY 8, 218 EP3

EP4 EDGEPROP JANUARY 8, 218 GIG ECONOMY WeWork expands in Singapore and Southeast Asia BY CECILIA CHOW New York-based WeWork, the largest co-working space provider in the world, opened its Singapore flagship space, WeWork Beach Centre, on Dec 1, with an official launch party on Dec 14. The space, which occupies the first three floors of Beach Centre on Beach Road, has more than 69 desks and is already almost filled up. Global tech company HP Inc and cloud communications company Twilio as well as start-ups such as restaurant booking app Chope, digital insurance app PolicyPal and digital wealth manager StashAway are WeWork members, and located at WeWork Beach Centre. A second WeWork co-working space will open at 71 Robinson Road in the CBD early this year. It will be its largest with more than 1, desks across three floors. The third WeWork office will occupy 4, sq ft of space across two floors (levels 4 and 5) of Funan s office block and will have more than 7 desks. It is scheduled to open in early 219. The co-working or collaborative work space at Funan is a co-creation between WeWork and Capita- Land Mall Trust. Growing footprint Turochas T Fuad, managing director of WeWork Southeast Asia, was the founder of Spacemob, which We- Work acquired last August as part of its US$5 million ($664 million) expansion in Southeast Asia and South Korea. Spacemob, a Singapore-based co-working operator, was founded by Fuad in early 216. It received US$5.5 million in seed funding from Temasek Holdings venture capital arm Vertex Ventures and Alpha JWC Ventures in November that year. Besides appointing Fuad as managing director of WeWork Southeast Asia, the company has also absorbed his team of 2 at Spacemob. For now, Spacemob continues to operate its co-working space at 8 Claymore Hill and Ascent on Science Park Drive in Singapore as well as in Jakarta. At the moment, the Spacemob locations are still operating, says Fuad. All the The pantry and communal area at WeWork Beach Centre The reception and lounge area of WeWork Beach Centre members will also be able to access the WeWork locations. The opening of WeWork Beach Centre last month marked the group s 2th location and its entry into the 2th country. The expansion is the latest in Asia for WeWork as it grows its footprint of co-working spaces to new markets beyond the US. Last August saw Japan s SoftBank Group Corp and its Vision Fund invest US$4.4 billion in WeWork. This includes US$5 million for a WeWork project in China and a joint venture in Japan. Another US$5 million has been earmarked for expansion into Southeast Asia and South Korea. WeWork s first landing point in Asia was in Hong Kong two years ago, says Fuad. It has two locations there currently, with several more in the pipeline. In Southeast Asia, it is looking at expanding into key cities, namely Bangkok, Jakarta, Kuala Lumpur and Ho Chi Minh City. We re looking at the first-tier cities, says Fuad. Fuad: At WeWork, we don t see ourselves as just a co-working space operator. We are community builders. Beyond co-working However, Fuad says, At WeWork, we don t see ourselves as just a co-working space operator. We are community builders. The company develops technology and designs spaces including lighting and furnishing that can be plugged into WeWork spaces around the world. Today, it has more than 3 member companies with more than 175, members globally. The company also uses heat maps to track how spaces are being used, and then leverages its R&D data when it designs future WeWork spaces. It s about economies of scale, not just space optimisation, Fuad notes. WeWork was co-founded by Adam Neumann and Miguel McKelvey and launched in 21. The company is valued at US$2 billion and is one of the top office tenants in New York City. It is set to become one of the biggest private tenants of office space One of the many office suites at WeWork Beach Centre in London, according to a Bloomberg report last month. A lot of companies, including those from China and India, are looking at flexible office space arrangements, says Fuad. We re looking at how we can support them. That has led to the provision of its Powered by We services. It will help companies manage and operate their office premises in the WeWork style and with the WeWork vibe, says Fuad. WeWork s R&D team will speak to employees of the company to find out how they use their space and what they would like to have, the number of meeting rooms, phone conference booths, privacy and communal space required. WeWork will then provide customised solutions to the specific needs of the company at their respective spaces. According to Fuad, Powered by We, which was launched last year, now accounts for about 2% of the company s business. Co-living The company has also expanded into co-living with WeLive. There are now three WeLive co-living spaces located in New York, Washington DC and Seattle. The misconception is that co-living is like a high-end dormitory, says Fuad. However, WeLive has apartments with three or even four bedrooms. There will be one level of shared facilities for residents. It s also ideal to have WeLive and We- Work in the same building. According to Fuad, there is a possibility of launching WeLive in Asia. WeLive is a much broader concept than a typical serviced apartment operation. Likewise, WeWork provides more than just co-working or serviced office space. We build communities. Regardless of what WeWork calls itself, with a US$2 billion valuation, it is now ranked among the most highly valued private US tech unicorns after Airbnb and Uber. E PICTURES: SAMUEL ISAAC CHUA/THE EDGE SINGAPORE

EDGEPROP JANUARY 8, 218 EP5 COVER STORY Respondents felt confident about Singapore s political leadership, its economy and the residential property market SAMUEL ISAAC CHUA/THE EDGE SINGAPORE More looking to buy homes The Homebuyers Sentiment Survey, jointly conducted by EdgeProp and Knight Frank Singapore, sheds light on how people feel about the local residential market BY ZHIQIN LIN Chart 1 Chart 2 More people are looking to buy in 218 % 1 9 8 7 6 5 4 3 2 1 Previous survey Not looking to buy Looking to buy Latest survey Note: While a larger proportion of respondents in the latest survey indicated they were looking to buy in the next 12 months, the questions were phrased differently in the surveys, which may have resulted in different interpretations by respondents At least one in two people plan to buy a home, and more are looking to buy this year than in the past. Of the 611 respondents to the EdgeProp-Knight Frank Homebuyers Sentiment Survey, 55.6% said they were looking to purchase a residential property in Singapore in the next 12 months. The survey was jointly conducted by EdgeProp and Knight Frank Singapore in 4Q217. In the previous survey conducted in 216, 51.2% of the 5 respondents said they were on the lookout for a residential property in Singapore (see Chart 1). A key reason for the increase in homebuying interest is record land bid prices in government land sales (GLS) and collective sales, which have created an expectation of higher prices within the next year or so, prompting buyers to take positions as soon as they can before the new price level can actualise, says Alice Tan, director and head of consultancy and research at Knight Frank Singapore. According to figures released by URA on Jan 2, prices of private residential property rose.7% in 4Q217, following a similar increase in 3Q217. For the whole of 217, prices have increased by 1%, compared with the 3.1% decline in 216, says URA. Given that prices are beginning to rebound, it is likely that more people would be prompted to buy before prices rise further. Another reason is the release of pent-up demand from prospective homebuyers over the past four years, built up since the seventh round of cooling measures and the total debt servicing ratio [TDSR] ruling implemented in 213, according to Tan. An indication of pent-up demand would be the transaction volume for private residential properties in Singapore, which plummeted sharply between 212 and 214 but has since been on an uptrend (see Chart 2). A good proportion of those looking to buy in the next 12 months are already property owners. At least 58.5% indicated that they already owned one, while 15.9% said they owned multiple properties. Most of those looking to buy said the property would be for their own use or renting out, with a smaller proportion of respondents indicating other reasons such as for their children, as a future retirement home or for capital gains. EDGEPROP-KNIGHT FRANK HOMEBUYERS SENTIMENT SURVEY, KNIGHT FRANK RESEARCH, EDGEPROP Transaction volume of private residential properties in Singapore Units 4 35 3 25 2 15 1 5 29 21 211 212 213 214 215 216 217 Note: 217 data is year-to-date as at 3Q217 Resale Subsale New sale Potential homebuyers who do not currently own a property are more likely to be owner-occupiers, while those who already own properties are likely to be rental investors (see Chart 3). Preference for condos in prime districts Perhaps owing to the high proportion of investors among the respondents, the results indicated a preference for private condominiums and apartments, with 65.6% of the respondents selecting that as their preferred property type. This is followed CONTINUES NEXT PAGE URA REALIS, KNIGHT FRANK RESEARCH

EP6 EDGEPROP JANUARY 8, 218 COVER STORY Respondents most worried about job prospects and global economy FROM PREVIOUS PAGE by HDB flats at 15% and executive condos at 9.1%, with the remainder split between landed houses, strata-landed properties and shophouses. HDB flats and ECs are subject to a fiveyear Minimum Occupation Period and rules for resale and rental, which make them less favoured as investment properties. Tan says most respondents preferred the prime districts when buying a condo, regardless of where they currently reside. She notes that the propensity to move to the prime districts is highest for residents who currently live in the suburbs, with only 13.8% preferring to stay put and 56.3% preferring to buy a property in the prime districts. Meanwhile, 54.9% of those who have homes in the city fringe would also like to move to the prime districts and 4.8% said they wanted to remain in the city fringe. An overwhelming 76.9% of respondents with homes in the prime districts indicated a preference to continue to stay there. Among the respondents, 51.9% and 47.5% showed a strong preference for two- and three-bedroom units respectively. On the other hand, one-, four- and five-bedroom units are favoured by 21.9%, 2.9% and 9.8% of respondents respectively. Fifty-nine per cent of those who favoured one-bedroom units also chose the prime districts as their preferred location. Meanwhile, those who preferred two-, three- and four-bedroom units showed a preference for the city fringe, with 68.5%, 65.5% and 53.9% saying they would buy property in this location, respectively. Of the respondents who said they would like to buy a five-bedroom unit, 56.7% chose the suburbs as their preferred location (see Chart 4). This trend of buyers preference for smaller units in and larger units away from the prime districts could be due to concerns about affordability. Properties in the prime districts tend to be the priciest, followed by those in the city fringe and the suburbs. Based on URA caveat data as at Jan 2, average transacted prices in 217 for private non-landed residential properties are $2.7 million ($1,956 psf) in the Core Central Region (CCR); $1.7 million ($1,463 psf) in the Rest of Central Region (RCR); and $1.2 million ($1,158 psf) in the Outside Central Region (OCR), which are also referred to as the prime districts, city fringe and suburbs, respectively. Prices of non-landed private residential properties in CCR rose 1.6% in 4Q217, while prices in RCR and OCR rose.2% and.6%, respectively. According to Tan, prices in CCR fell by 1.8% between 213 to the trough in 2Q217. With prices for some private homes in CCR hitting attractively low levels in 217, demand for value-for-money buys naturally increased, along with rising optimism, following the Most of those looking to buy in the next 12 months are either owner-occupiers or rental investors Tan: Record land bid prices have created an expectation of higher prices, prompting buyers to take positions as soon as they can Tee Khoon: Those not affected by collective sales may also be spurred to consider purchasing soon, as they foresee prices going up collective sales boom that began in May 217, says Tan. In 3Q217, the transaction volume in CCR rose 85.1% y-o-y, reflecting the return of interest, she adds. PICTURES: SAMUEL ISAAC CHUA/THE EDGE SINGAPORE Sweet spot for prices Most respondents preferred to buy properties priced from $8, to $1 million, followed by those in the $1 million-to-$1.2 million price bracket. In the previous survey, the most popular price bracket was $1 million to $1.5 million, chosen by 41.9% of respondents; 28.1% chose the $5,-to-$1 million price bracket (see Charts 5 and 6). According to Tan, the shift in preferred price quantum could be due to a larger proportion of respondents preferring a unit size of 71 to 9 sq ft, the approximate size for two-bedroom units, this year. More respondents preferred three-bedroom units in the previous survey. In 217, most of the transactions for private non-landed residential properties were in the $1 million-to-$1.5 million price bracket, according to URA caveat data as at Jan 2. The proportion of transactions in this price bracket also rose 2.3 percentage points from 216. There appears to be a shift in homebuyer s preference from 216 to 217, showing a propensity to purchase pricier properties, based on the proportion of transactions in each price bracket. This might be due to the type of units available for sale in the market and the prices set by sellers (see Chart 7). ABSD biggest hurdle for buyers Of the 611 respondents in the latest survey, 44.4% said they did not plan to buy a residential property in the next 12 months and the biggest hurdles holding them back were the additional buyer s stamp duty (33.6%), preference for other types of investments (3.3%) and uncertain economic and job prospects (27.7%). A small proportion of 16.6% also felt that prices might decline further (see Chart 8). Delving deeper into the macro factors that weigh on potential homebuyers minds, it appears that people are most worried about their job prospects and the global economy. At least 14.2% of respondents said they had poor and very poor confidence for their job prospects and 8.7% expressed low confidence in the global economy (see Chart 9). This could point to a mismatch in market confidence versus current price recovery and home price affordability in Singapore, as many Singaporeans do not think that their future job prospects and salary expectations match future housing prices in Singapore, says Tan. This can also be inferred from the price expectations of Chart 3 Chart 4 Chart 8 % 8 7 6 5 4 3 2 1 74.7 29.9 Do not currently own property I intend to move in 56.8 37.7 Own one property I intend to rent it out 31.5 53.7 Own multiple properties EDGEPROP-KNIGHT FRANK HOMEBUYERS SENTIMENT SURVEY, EDGEPROP Percentage of responses Top five preferred unit types % 6 5 4 3 2 1 51.9 47.5 21.9 2.9 Chart 7 The $1 million-to-$1.5 million price bracket accounted for most of the transactions in 217 % 25 2 15 1 5 Note: Based on URA caveat data for private non-landed residential property as at Jan 2 Top five reasons for not intending to buy within the next 12 months Note: Values do not total 1%, as respondents could choose more than one reason Note: Values do not total 1%, as respondents could choose more than one unit-type Note: Values do not total 1%, as respondents could choose more than one reason 9.8 2-bedroom 3-bedroom 1-bedroom 4-bedroom 5-bedroom EDGEPROP-KNIGHT FRANK HOMEBUYERS SENTIMENT SURVEY, KNIGHT FRANK RESEARCH Chart 5 and 6 Percentage of responses Percentage of responses Percentage of responses Percentage of transactions Most respondents would prefer to buy properties priced from $8, to $1 mil % 45 4 35 3 25 2 15 1 5 % 45 4 35 3 25 2 15 1 5 Note: The questions were phrased differently in the surveys and respondents were able to select up to two choices in the latest survey but only one in the previous survey. Values do not total 1%, as respondents could choose more than one price bracket. 35 3 25 2 15 1 5 $8,1 to $1,, % 38.6 2.3 Below $.5 mil $8, and below 33.6 $1,,1 to $1,2, 28.1 $.5 mil to $1 mil 31.8 $8,1 to $1,, Waiting for removal of ABSD 41.9 $1 mil to $1.5 mil 25.9 $1,2,1 to $1,5, $1,,1 to $1,2, 3.3 13.4 $1.5 mil to $2 mil Prefer other asset classes $1,2,1 to $1,5, Latest survey 15.5 $1,5,1 to $1,8, $2 mil to $2.5 mil $1,5,1 to $1,8, 1. $1,8,1 to $2,, Previous survey 8.3 27.7 1.8 $2.5 mil to $3 mil Uncertain economic and job prospects $1,8,1 to $2,, $2,,1 to $2,5, 1.8 $3 mil to $3.5 mil 8. $3.5 mil to $4 mil $2,,1 to $2,5, 5.9 $2,5,1 to $3,, $4 mil to $4.5 mil $2,5,1 to $3,, 5.1 Above $3,,.5.5 1.4 216 217 16.6 Prices may decline further 14.8 More than $5 mil Above $3,, Market is currenty unsuitable for investment EDGEPROP-KNIGHT FRANK HOMEBUYERS SENTIMENT SURVEY, KNIGHT FRANK RESEARCH URA, EDGEPROP EDGEPROP-KNIGHT FRANK HOMEBUYERS SENTIMENT SURVEY, KNIGHT FRANK RESEARCH

EDGEPROP JANUARY 8, 218 EP7 COVER STORY Chart 9 Charts 1 and 11 People are most worried about job prospects Confidence level in Singapore Residential Properties Confidence level in Job Prospects Confidence level in Singapore Economy Confidence level in Singapore Political Leadership Confidence level in Global Economy Excellent Good Fair Poor Very poor EDGEPROP-KNIGHT FRANK HOMEBUYERS SENTIMENT SURVEY, KNIGHT FRANK RESEARCH Percentage of responses More people expect prices and rents to rise, and at a faster pace of growth, in the longer term 1 9 8 7 6 5 4 3 2 1 Next 12 months Next 24 months Beyond 24 months 1 9 8 7 6 5 4 3 2 1 Next 12 months Next 24 months Beyond 24 months Prices will continue falling Prices will increase slightly: 1% to 3% a year Prices will increase: more than 3% a year Prices will remain relatively stable Percentage of responses Rents will continue falling Rents will increase slightly: 1% to 3% a year Rents will increase: more than 3% a year Rents will remain relatively stable EDGEPROP-KNIGHT FRANK HOMEBUYERS SENTIMENT SURVEY, KNIGHT FRANK RESEARCH non-landed private residential units, with an increasing proportion of respondents thinking that prices will increase more than 3% a year in the medium to long term [see Chart 1]. Their worries notwithstanding, people still felt confident about Singapore s political leadership, economy and the residential property market, with 58.4%, 51.4% and 52.3% of respondents indicating a good and excellent confidence for these factors, respectively. Homebuyers sentiment might improve further On Dec 13, the Ministry of National Development warned of a large potential supply of around 2, units from awarded en-bloc sale and GLS sites that have not yet been granted planning approval, on top of the around 18, unsold units that already have planning approval. Moreover, more than 3, existing private housing units remain vacant. Despite the high vacancy rate, an increasing proportion of survey respondents think that rents will increase, and at a faster pace of growth, in the longer term (see Chart 11). In his 218 New Year message, Prime Minister Lee Hsien Loong said: Last year, our economy grew 3.5%, more than double our initial forecast. Incomes have gone up across the board, especially for low and middle earners. Figures released by the Ministry of Trade and Industry on Jan 2 show that Singapore s GDP grew 3.1% y-o-y in 4Q217 and the full-year growth, estimated at 3.5%, is higher than the 2% growth in 216. Despite stronger economic performance in 217 versus 216, consumer sentiment remains fairly cautious amid rising inflation, says Tan. She notes that prospects in the job market have remained tepid, with limited growth in overall employment, and income growth could be uneven across various occupations and income groups. Nonetheless, the prospect of better conditions this year may fuel interest for residential property, she adds. Another factor that could lead to more homebuyers entering the market would be the spate of successful collective sales. Those whose homes have been sold through such sales will require replacement accommodation, says Tan Tee Khoon, exe cutive director and head of residential project marketing at Knight Frank Singapore. Those not affected by collective sales may also be spurred to consider purchasing soon, as they foresee prices going up. Vista Park was put up for sale by tender on Nov 17, with an asking price of $35 million. On Dec 14, Oxley Holdings announced its acquisition of Vista Park for $418 million ($1,96 psf per plot ratio). This follows its purchase of Apartment 8, a freehold property on Meyappa Chettiar Road in Potong Pasir, for $21.53 million. Oxley, which has been an active buyer of collective sale sites, has nine residential projects with more than 4, units in the pipeline for launch. [More people would] expect price increases across the board, including for HDB flats in sought-after locations, when they read news of aggressive land bids from the recent collective sale and government land sale sites, says Tee Khoon. E

EP8 EDGEPROP JANUARY 8, 218 DONE DEALS Toh Tuck area sees increase in buying interest BY ANGELA TEO On Dec 18, 217, three penthouses at The Creek @ Bukit on Toh Tuck Road were sold, according to caveats lodged with URA. Of the three, the 1,668 sq ft, four-bedroom penthouse went for $2.47 million and achieved the highest price psf of $1,48. The other two were four-bedders measuring 1,711 sq ft that fetched $2.47 million ($1,442 psf) and $2.43 million ($1,42 psf). The penthouses were sold just three days after local developer and construction company Chiu Teng Group moved five units at the freehold project. Of the five units sold, four were three-bedroom mansionettes located on the ground floor and measuring between 1,615 sq ft and 1,658 sq ft. The other was a 1,668 sq ft, four-bedroom penthouse. Prices of the four maisonettes ranged from $2.33 million ($1,444 psf) for a 1,615 sq ft unit to $2.51 million ($1,513 psf) for a 1,658 sq ft unit. The penthouse was sold for $2.49 million ($1,492 psf), registering the second-highest price among the five units sold on Dec 15. The eight transactions at The Creek @ Bukit The Toh Tuck Road residential area has been transformed over the years through collective sale redevelopments on Dec 15 and 18 brought the total number of units sold at the project to 253 units (97%), according to caveats on URA Realis as at Jan 2, 218, leaving only seven units for sale. According to URA caveat data as at Jan 2, 218, 11 units at The Creek @ Bukit were sold in 217, compared with 43 in 216, 25 in 215 and 42 each in 213 and 214. The Creek @ Bukit, a redevelopment of the former Green Lodge, was launched in November 213. Sales at the project have been growing since Malaysian property group S P Setia clinched the adjacent, 21,287 sq ft site on Toh Tuck SAMUEL ISAAC CHUA/THE EDGE SINGAPORE Road under the 1H217 Government Land Sales (GLS) programme, for $265 million ($939 psf per plot ratio) last April. The 99- year leasehold project is set to be launched as Daintree Residence in 1H218, with an estimated 327 units. The Toh Tuck Road residential area has been transformed over the years through collective sale redevelopments. Besides The Creek @ Bukit, another redevelopment of a collective sale site in the area is the 31-unit Kismis Residences. The recently launched project sits on part of the site of the former Kismis Lodge, according to ERA Realty, which is jointly marketing the two collective sale redevelopments with Orange Tee & Tie. About 3m away from Kismis Residences, the 43-unit Kismis View was launched for collective sale by marketing agent JLL on Nov 22 at a reserve price of $12 million. The tender for Kismis View will close on Jan 17. An upcoming collective sale redevelopment site within the Toh Tuck Road residential enclave is the 21-unit Goodluck Garden, which is in the advanced stage of the collective sale process, according to marketing agent Knight Frank Singapore. E LOCALITIES DISTRICTS Singapore by postal district City & Southwest 1 to 8 Orchard/Tanglin/Holland 9 and 1 Newton/Bukit Timah/Clementi 11 and 21 Balestier/MacPherson/Geylang 12 to 14 East Coast 15 and 16 Changi/Pasir Ris 17 and 18 Serangoon/Thomson 19 and 2 West 22 to 24 North 25 to 28 Residential transactions with contracts dated Dec 15 to 26 LAND AREA/ NETT UNIT FLOOR AREA TRANSACTED PRICE PRICE COMPLETION TYPE OF PROJECT PROPERTY TYPE TENURE SALE DATE (SQ FT) PRICE ($) ($) ($ PSF) DATE SALE District 1 MARINA ONE RESIDENCES Apartment 99 years Dec 2, 217 1,539 3,6, - 2,339 217 New Sale THE SAIL @ MARINA BAY Apartment 99 years Dec 19, 217 1,184 2,4, - 2,27 28 Resale THE SAIL @ MARINA BAY Apartment 99 years Dec 18, 217 614 1,2, - 1,956 28 Resale District 2 76 SHENTON Apartment 99 years Dec 18, 217 592 1,186, - 2,3 214 Resale ONZE @ TANJONG PAGAR Apartment Freehold Dec 22, 217 1,141 2,821,8-2,473 217 New Sale WALLICH RESIDENCE AT TANJONG PAGAR CENTRE Apartment 99 years Dec 23, 217 614 2,2, - 3,292 217 New Sale District 3 ARTRA Apartment 99 years Dec 21, 217 1,227 1,879,8-1,532 Uncompleted New Sale HIGHLINE RESIDENCES Condominium 99 years Dec 16, 217 1,152 2,1, - 1,823 Uncompleted New Sale QUEENS Condominium 99 years Dec 22, 217 1,184 1,38, - 1,165 22 Resale QUEENS Condominium 99 years Dec 15, 217 1,184 1,38, - 1,165 22 Resale QUEENS PEAK Condominium 99 years Dec 16, 217 775 1,39, - 1,689 Uncompleted New Sale REGENCY SUITES Apartment Freehold Dec 22, 217 1,421 2,283, - 1,67 28 Resale THE ANCHORAGE Condominium Freehold Dec 26, 217 1,464 1,975, - 1,349 1997 Resale THE CREST Condominium 99 years Dec 22, 217 1,539 2,827, - 1,837 217 Resale THE CREST Condominium 99 years Dec 21, 217 947 1,84, - 1,94 217 Resale THE METROPOLITAN CONDOMINIUM Condominium 99 years Dec 15, 217 1,367 1,93, - 1,412 29 Resale District 4 HARBOUR SUITES Apartment Freehold Dec 21, 217 527 85, - 1,612 214 Resale THE INTERLACE Condominium 99 years Dec 26, 217 1,66 1,35, - 1,267 213 Resale District 5 DOVER PARKVIEW Condominium 99 years Dec 15, 217 969 1,, - 1,32 1997 Resale FABER CREST Condominium 99 years Dec 18, 217 1,744 1,46, - 837 21 Resale FABER DRIVE Detached Freehold Dec 15, 217 8,493 8,2, - 966 1977 Resale ISLAND VIEW Condominium Freehold Dec 22, 217 3,1 3,65, - 1,177 1984 Resale LIIV RESIDENCES Apartment Freehold Dec 16, 217 474 886,95 842, 1,778 Uncompleted New Sale PARC RIVIERA Condominium 99 years Dec 22, 217 94 1,181, - 1,36 Uncompleted New Sale PARC RIVIERA Condominium 99 years Dec 22, 217 71 935, - 1,316 Uncompleted New Sale PARC RIVIERA Condominium 99 years Dec 21, 217 1,184 1,4, - 1,182 Uncompleted New Sale PARC RIVIERA Condominium 99 years Dec 18, 217 71 959, - 1,35 Uncompleted New Sale PARC RIVIERA Condominium 99 years Dec 18, 217 1,184 1,285,76-1,86 Uncompleted New Sale PARC RIVIERA Condominium 99 years Dec 18, 217 71 855,54-1,24 Uncompleted New Sale PARC RIVIERA Condominium 99 years Dec 16, 217 63 81, - 1,344 Uncompleted New Sale PARC RIVIERA Condominium 99 years Dec 16, 217 1,152 1,468, - 1,275 Uncompleted New Sale PARC RIVIERA Condominium 99 years Dec 15, 217 1,152 1,329, - 1,154 Uncompleted New Sale TAMAN MAS MERAH Semi-Detached Freehold Dec 2, 217 3,24 2,8, - 866 Unknown Resale THE CLEMENT CANOPY Apartment 99 years Dec 18, 217 1,19 1,657, - 1,495 Uncompleted New Sale THE ORIENT Apartment Freehold Dec 23, 217 1,13 1,96, - 1,734 217 New Sale THE PARC CONDOMINIUM Condominium Freehold Dec 15, 217 1,292 1,58, - 1,223 21 Resale THE TRILINQ Condominium 99 years Dec 21, 217 1,19 1,412, - 1,274 217 New Sale LAND AREA/ NETT UNIT FLOOR AREA TRANSACTED PRICE PRICE COMPLETION TYPE OF PROJECT PROPERTY TYPE TENURE SALE DATE (SQ FT) PRICE ($) ($) ($ PSF) DATE SALE VARSITY PARK CONDOMINIUM Condominium 99 years Dec 23, 217 1,32 1,5, - 1,152 28 Resale District 7 DUO RESIDENCES Apartment 99 years Dec 2, 217 614 1,39, - 2,266 217 Sub Sale DUO RESIDENCES Apartment 99 years Dec 19, 217 1,927 3,923,367-2,36 217 New Sale DUO RESIDENCES Apartment 99 years Dec 15, 217 1,927 4,11, - 2,133 217 New Sale DUO RESIDENCES Apartment 99 years Dec 15, 217 1,927 4,16, - 2,159 217 New Sale DUO RESIDENCES Apartment 99 years Dec 15, 217 1,927 4,145, - 2,151 217 New Sale District 8 CITY SQUARE RESIDENCES Condominium Freehold Dec 15, 217 1,26 1,78, - 1,476 28 Resale CITYLIGHTS Condominium 99 years Dec 19, 217 678 1,15, - 1,696 27 Resale CITYLIGHTS Condominium 99 years Dec 15, 217 1,421 1,9, - 1,337 27 Resale CLYDES RESIDENCE Apartment Freehold Dec 18, 217 1,23 1,15, - 1,125 25 Resale FORTE SUITES Apartment Freehold Dec 19, 217 678 1,41,6-2,67 216 New Sale FORTE SUITES Apartment Freehold Dec 17, 217 624 1,21, - 1,938 216 New Sale FORTE SUITES Apartment Freehold Dec 16, 217 624 1,31,538-2,85 216 New Sale KERRISDALE Condominium 99 years Dec 22, 217 1,259 1,25, - 993 25 Resale MERA SPRINGS Condominium Freehold Dec 2, 217 1,44 1,428, - 1,368 28 Resale STURDEE RESIDENCES Condominium 99 years Dec 24, 217 947 1,591, - 1,68 Uncompleted New Sale STURDEE RESIDENCES Condominium 99 years Dec 23, 217 947 1,577, - 1,665 Uncompleted New Sale STURDEE RESIDENCES Condominium 99 years Dec 23, 217 947 1,55, - 1,636 Uncompleted New Sale STURDEE RESIDENCES Condominium 99 years Dec 23, 217 1,32 1,984, - 1,523 Uncompleted New Sale STURDEE RESIDENCES Condominium 99 years Dec 19, 217 1,44 1,676,2-1,65 Uncompleted New Sale STURDEE RESIDENCES Condominium 99 years Dec 16, 217 947 1,532,72-1,618 Uncompleted New Sale STURDEE RESIDENCES Condominium 99 years Dec 15, 217 947 1,537, - 1,623 Uncompleted New Sale STURDEE RESIDENCES Condominium 99 years Dec 15, 217 1,32 1,866, - 1,433 Uncompleted New Sale District 9 2 RVG Apartment Freehold Dec 21, 217 926 1,68, - 1,815 26 Resale GAMBIER COURT Apartment 99 years Dec 18, 217 1,485 1,75, - 1,178 1999 Resale HILLTOPS Condominium Freehold Dec 19, 217 2,39 8,5, - 3,557 211 Resale RESIDENCES @ KILLINEY Apartment Freehold Dec 22, 217 2,368 4,98,888-1,731 212 Resale RIVERGATE Apartment Freehold Dec 15, 217 1,44 2,25, - 2,155 29 Resale RIVERIA GARDENS Apartment Freehold Dec 18, 217 1,432 2,933,55-2,49 21 Resale ROBERTSON EDGE Apartment 999 years Dec 2, 217 94 1,4, - 1,548 28 Resale SAM KIANG MANSIONS Apartment Freehold Dec 19, 217 1,281 2,, - 1,561 1999 Resale SCOTTS SQUARE Apartment Freehold Dec 19, 217 624 2,394,2-3,835 211 Resale SOPHIA HILLS Condominium 99 years Dec 22, 217 667 1,36, - 2,38 Uncompleted New Sale SOPHIA HILLS Condominium 99 years Dec 17, 217 57 1,28, - 2,244 Uncompleted New Sale SOPHIA HILLS Condominium 99 years Dec 15, 217 721 1,435, - 1,99 Uncompleted New Sale THE MARQ ON PATERSON HILL Condominium Freehold Dec 2, 217 3,89 1,28, - 3,328 211 Resale WILKIE 8 Apartment Freehold Dec 19, 217 63 98, - 1,626 21 Resale District 1 BALMORAL 8 Condominium Freehold Dec 2, 217 3,757 3,75, - 998 23 Resale DUCHESS CREST Condominium 99 years Dec 2, 217 936 1,33, - 1,42 1998 Resale DUCHESS MANOR Condominium 999 years Dec 15, 217 635 1,1, - 1,732 25 Resale GALLOP GREEN Condominium Freehold Dec 15, 217 3,272 5,6, - 1,711 22 Resale GOODWOOD RESIDENCE Condominium Freehold Dec 21, 217 9,666 17,, - 1,759 213 Resale LEEDON RESIDENCE Condominium Freehold Dec 2, 217 4,74 9,45, - 2,9 215 Resale LERMIT ROAD Detached Freehold Dec 18, 217 17,373 28,3, - 1,629 1994 Resale LOFT @ NATHAN Apartment Freehold Dec 21, 217 441 838, - 1,899 214 Resale NATHAN RESIDENCES Apartment Freehold Dec 15, 217 775 1,45, - 1,871 213 Resale NATHAN SUITES Condominium Freehold Dec 18, 217 1,776 3,43, - 1,931 214 Resale ONE JERVOIS Condominium Freehold Dec 2, 217 99 1,71, - 1,727 29 Resale ONE TREE HILL Semi-Detached Freehold Dec 15, 217 4,42 9,35, - 2,125 Unknown Resale ONE TREE HILL RESIDENCE Apartment Freehold Dec 26, 217 2,454 4,3, - 1,752 28 Resale PARVIS Condominium Freehold Dec 21, 217 1,991 3,88, - 1,948 212 Resale ROCHALIE DRIVE Detached Freehold Dec 22, 217 16,77 33,, - 1,968 Unknown Resale SIXTH AVENUE Terrace 999 years Dec 22, 217 2,293 2,738, - 1,192 Unknown Resale TANGLIN REGENCY Condominium 99 years Dec 18, 217 1,292 1,7, - 1,316 1998 Resale THE ARC AT DRAYCOTT Apartment Freehold Dec 26, 217 1,27 2,9, - 2,283 28 Resale THE BOULEVARD RESIDENCE Apartment Freehold Dec 21, 217 2,34 5,, - 2,458 25 Resale THE ELEMENT @ STEVENS Apartment Freehold Dec 21, 217 1,324 1,95, - 1,473 27 Resale THE TRIZON Condominium Freehold Dec 15, 217 1,894 2,98, - 1,573 212 Resale TOMLINSON HEIGHTS Condominium Freehold Dec 18, 217 4,47 1,5, - 2,594 214 Resale VILLAGE TOWER Condominium Freehold Dec 26, 217 1,88 2,47, - 1,366 1983 Resale District 11 6 DERBYSHIRE Condominium Freehold Dec 22, 217 829 1,834,22-2,213 217 Resale 6 DERBYSHIRE Condominium Freehold Dec 2, 217 1,12 2,56,863-2,33 217 Resale 6 DERBYSHIRE Condominium Freehold Dec 19, 217 474 1,138,84-2,44 217 Resale BO SENG AVENUE Detached Freehold Dec 15, 217 5,59 7,75, - 1,533 1999 Resale CAPITOL PARK Semi-Detached Freehold Dec 26, 217 4,47 6,816,8-1,686 1989 Resale CUBE 8 Condominium Freehold Dec 2, 217 56 85, - 1,519 213 Resale EVELYN ROAD Semi-Detached Freehold Dec 2, 217 2,4 4,6, - 1,919 1993 Resale JALAN BAHASA Detached Freehold Dec 26, 217 9,268 14,5, - 1,565 215 Resale JALAN BAHASA Detached Freehold Dec 19, 217 9,86 15,3, - 1,561 215 Resale NEWTON IMPERIAL Apartment Freehold Dec 21, 217 1,938 3,2, - 1,652 211 Resale SIME ROAD Detached Freehold Dec 18, 217 5,587 8,56, - 1,533 27 Resale SOLEIL @ SINARAN Condominium 99 years Dec 18, 217 1,722 2,7, - 1,568 211 Resale UNIVERSITY PARK Semi-Detached 99 years Dec 19, 217 2,648 2,888,888-1,92 1997 Resale WATTEN ESTATE Terrace Freehold Dec 18, 217 1,765 4,5, - 2,549 Unknown Resale ZEDGE Apartment Freehold Dec 18, 217 7 1,6, - 1,515 21 Resale

EDGEPROP JANUARY 8, 218 EP9 DONE DEALS Residential transactions with contracts dated Dec 15 to 26 LAND AREA/ NETT UNIT FLOOR AREA TRANSACTED PRICE PRICE COMPLETION TYPE OF PROJECT PROPERTY TYPE TENURE SALE DATE (SQ FT) PRICE ($) ($) ($ PSF) DATE SALE District 12 BEACON HEIGHTS Condominium 999 years Dec 2, 217 1,76 1,288, - 1,197 212 Resale BEACON HEIGHTS Condominium 999 years Dec 18, 217 926 978, - 1,56 212 Resale CITY SUITES Apartment Freehold Dec 21, 217 463 841,888-1,819 217 New Sale EIGHT RIVERSUITES Condominium 99 years Dec 15, 217 441 685, - 1,552 216 Resale THE ARTE Condominium Freehold Dec 26, 217 1,873 2,38, - 1,271 21 Resale THE INTERWEAVE Apartment Freehold Dec 21, 217 689 98, - 1,318 214 Resale TREVISTA Condominium 99 years Dec 2, 217 1,281 1,65, - 1,288 211 Resale District 13 18 WOODSVILLE Apartment Freehold Dec 18, 217 818 1,288,888-1,576 215 Resale 8@WOODLEIGH Condominium 99 years Dec 22, 217 958 1,28, - 1,336 212 Resale BARTLEY RIDGE Condominium 99 years Dec 15, 217 441 688, - 1,559 216 Resale NIN RESIDENCE Apartment 99 years Dec 18, 217 1,765 1,455, - 824 214 Resale District 14 ASTON MANSIONS Apartment 99 years Dec 22, 217 1,32 945, - 726 1998 Resale ASTORIA PARK Condominium 99 years Dec 18, 217 958 965, - 1,7 1995 Resale NICOLE GREEN Apartment Freehold Dec 15, 217 1,27 1,326, - 1,44 22 Resale REZI 35 Apartment Freehold Dec 21, 217 452 726, - 1,66 Uncompleted New Sale REZI 35 Apartment Freehold Dec 19, 217 1,163 1,546,7-1,33 Uncompleted New Sale REZI 35 Apartment Freehold Dec 19, 217 84 1,183,5-1,41 Uncompleted New Sale REZI 35 Apartment Freehold Dec 18, 217 452 732,2-1,62 Uncompleted New Sale REZI 35 Apartment Freehold Dec 18, 217 452 736,7-1,63 Uncompleted New Sale REZI 35 Apartment Freehold Dec 18, 217 646 965,7-1,495 Uncompleted New Sale SIMS URBAN OASIS Condominium 99 years Dec 23, 217 958 1,319,3-1,377 217 New Sale SIMS URBAN OASIS Condominium 99 years Dec 21, 217 1,442 2,53,3-1,424 217 New Sale SIMS URBAN OASIS Condominium 99 years Dec 17, 217 1,23 1,426,4-1,395 217 New Sale THE SANCTUARY @ GEYLANG Apartment Freehold Dec 18, 217 56 718, - 1,283 214 Resale THE TRUMPS Condominium 99 years Dec 26, 217 1,421 1,438, - 1,12 25 Resale WATERBANK AT DAKOTA Condominium 99 years Dec 19, 217 484 795, - 1,641 213 Resale WATERBANK AT DAKOTA Condominium 99 years Dec 15, 217 1,184 1,8, - 1,52 213 Resale District 15 AALTO Condominium Freehold Dec 18, 217 1,55 2,76, - 1,781 21 Resale BUTTERWORTH 8 Condominium Freehold Dec 2, 217 1,57 1,86, - 1,234 24 Resale COSTA RHU Condominium 99 years Dec 21, 217 1,765 2,2, - 1,246 1997 Resale COSTA RHU Condominium 99 years Dec 21, 217 2,56 2,675, - 1,31 1997 Resale EAST VIEW Apartment Freehold Dec 19, 217 883 1,29, - 1,462 1998 Resale EASTWIND MANSIONS Apartment Freehold Dec 18, 217 1,27 1,275, - 1,4 1992 Resale FORT GARDENS Condominium Freehold Dec 19, 217 958 1,32, - 1,378 1993 Resale FRANKEL ESTATE Detached Freehold Dec 2, 217 5,522 7,438,8-1,348 211 Resale FRUITION Apartment Freehold Dec 22, 217 1,475 1,386, - 94 29 Resale GOODMAN ROAD Detached Freehold Dec 15, 217 5,952 1,8, - 1,813 212 Resale LEVILLE ISUITES Apartment Freehold Dec 22, 217 732 82, - 1,12 215 Resale LORONG 11 CHANGI Terrace Freehold Dec 19, 217 1,884 2,38, - 1,265 1993 Resale MANDARIN GARDENS Condominium 99 years Dec 18, 217 1,572 1,42, - 94 1986 Resale MARINE BLUE Condominium Freehold Dec 2, 217 98 1,512, - 1,544 216 Resale MEYER ROAD Semi-Detached Freehold Dec 22, 217 2,949 5,5, - 1,862 Unknown Resale ONAN SUITES Apartment Freehold Dec 19, 217 1,389 1,35, - 972 212 Resale PARC ELEGANCE Apartment Freehold Dec 19, 217 398 545, - 1,368 213 Resale RESIDENCE 66 Apartment Freehold Dec 22, 217 1,119 1,26, - 1,126 28 Resale SANCTUARY GREEN Condominium 99 years Dec 2, 217 1,227 1,355, - 1,14 24 Resale SEASIDE RESIDENCES Apartment 99 years Dec 24, 217 1,23 1,661, - 1,624 Uncompleted New Sale SEASIDE RESIDENCES Apartment 99 years Dec 23, 217 1,87 1,845, - 1,697 Uncompleted New Sale SEASIDE RESIDENCES Apartment 99 years Dec 21, 217 592 1,4, - 1,757 Uncompleted New Sale SEASIDE RESIDENCES Apartment 99 years Dec 2, 217 87 1,444, - 1,789 Uncompleted New Sale SEASIDE RESIDENCES Apartment 99 years Dec 16, 217 592 1,138, - 1,922 Uncompleted New Sale SEASIDE RESIDENCES Apartment 99 years Dec 16, 217 1,26 1,942, - 1,611 Uncompleted New Sale SEASIDE RESIDENCES Apartment 99 years Dec 15, 217 87 1,453, - 1,8 Uncompleted New Sale SERAYA ROAD Terrace Freehold Dec 15, 217 1,787 3,5, - 1,78 199 Resale SIGLAP V Apartment Freehold Dec 22, 217 517 83, - 1,66 213 Resale SPRING @ KATONG Apartment Freehold Dec 15, 217 1,335 1,53, - 1,146 26 Resale ST PATRICK S LOFT Apartment Freehold Dec 15, 217 1,324 1,68, - 1,269 28 Resale ST PATRICK S RESIDENCES Apartment Freehold Dec 21, 217 2,562 3,, - 1,171 213 Resale THE AMBRA Apartment Freehold Dec 21, 217 1,216 1,28, - 1,52 21 Resale THE BEACON EDGE Apartment Freehold Dec 22, 217 1,539 1,63, - 1,59 29 Resale THE LINE @ TANJONG RHU Condominium Freehold Dec 18, 217 42 1,72,2-2,554 216 Resale District 16 CASA MERAH Apartment 99 years Dec 21, 217 1,227 1,365, - 1,112 29 Resale CHANGI COURT Condominium Freehold Dec 22, 217 1,163 1,6, - 912 1997 Resale EASTWOOD GREEN Condominium 99 years Dec 18, 217 1,12 888, - 878 1998 Resale EASTWOOD VILLE Terrace 99 years Dec 19, 217 1,938 2,13, - 1,11 1999 Resale GRANDEUR PARK RESIDENCES Condominium 99 years Dec 2, 217 667 996, - 1,492 Uncompleted New Sale THE BAYSHORE Condominium 99 years Dec 21, 217 1,23 95, - 929 1996 Resale THE SPRINGFIELD Terrace 99 years Dec 18, 217 2,379 1,485, - 624 1999 Resale WATERFRONT ISLE Condominium 99 years Dec 18, 217 1,76 1,19, - 1,16 215 Resale WATERFRONT ISLE Condominium 99 years Dec 18, 217 1,163 1,28, - 1,11 215 Resale WATERFRONT KEY Condominium 99 years Dec 21, 217 94 1,3, - 1,139 212 Resale District 17 THE INFLORA Condominium 99 years Dec 15, 217 463 58, - 1,98 216 Resale District 18 COCO PALMS Condominium 99 years Dec 23, 217 1,259 1,429,31-1,135 Uncompleted New Sale COCO PALMS Condominium 99 years Dec 21, 217 1,259 1,625, - 1,29 Uncompleted New Sale DOUBLE BAY RESIDENCES Condominium 99 years Dec 21, 217 936 973, - 1,39 212 Resale DOUBLE BAY RESIDENCES Condominium 99 years Dec 2, 217 1,1 1,12, - 1,119 212 Resale LIVIA Condominium 99 years Dec 26, 217 883 75, - 85 211 Resale MELVILLE PARK Condominium 99 years Dec 21, 217 958 68, - 71 1996 Resale Q BAY RESIDENCES Condominium 99 years Dec 2, 217 517 676, - 1,38 216 Resale RIPPLE BAY Condominium 99 years Dec 22, 217 1,259 1,618, - 1,285 215 Resale SEASTRAND Condominium 99 years Dec 2, 217 57 573,8-1,6 214 Resale THE ALPS RESIDENCES Condominium 99 years Dec 23, 217 1,66 1,23, - 1,129 Uncompleted New Sale THE ALPS RESIDENCES Condominium 99 years Dec 17, 217 1,87 1,218, - 1,12 Uncompleted New Sale THE ALPS RESIDENCES Condominium 99 years Dec 16, 217 1,87 1,186, - 1,91 Uncompleted New Sale THE EDEN AT TAMPINES EC 99 years Dec 21, 217 1,249 938, - 751 23 Resale WATERVIEW Condominium 99 years Dec 2, 217 926 886, - 957 214 Resale District 19 BARTLEY RESIDENCES Apartment 99 years Dec 18, 217 1,163 1,5, - 1,29 215 Resale BLOSSOM GARDENS Terrace Freehold Dec 19, 217 2,357 2,95, - 1,254 1993 Resale BOATHOUSE RESIDENCES Condominium 99 years Dec 2, 217 797 8, - 1,4 215 Resale BUNGA RAMPAI PLACE Terrace Freehold Dec 22, 217 3,35 2,975, - 98 1992 Resale CHARLTON 18 Terrace Freehold Dec 15, 217 3,391 2,768,888-817 216 Resale CHILTERN PARK Condominium 99 years Dec 2, 217 1,572 1,465, - 932 1995 Resale CHUAN VILLE Terrace 99 years Dec 22, 217 1,658 1,88, - 1,136 24 Resale FLO RESIDENCE Condominium 99 years Dec 21, 217 969 928, - 958 216 Resale HILLSIDE MANSIONS Apartment Freehold Dec 22, 217 1,195 1,18, - 988 1992 Resale ISUITES @ PALM Apartment 999 years Dec 2, 217 635 78, - 1,228 213 Resale JALAN SONGKET Semi-Detached Freehold Dec 15, 217 3,66 4,95, - 1,374 Unknown Resale JALAN USAHA Terrace Freehold Dec 2, 217 1,281 2,1, - 1,639 1963 Resale JOO HONG ROAD Terrace Freehold Dec 2, 217 2,24 2,835, - 1,44 Unknown Resale KINGSFORD WATERBAY Apartment 99 years Dec 16, 217 893 1,188,888-1,331 Uncompleted New Sale KINGSFORD WATERBAY Apartment 99 years Dec 16, 217 689 997,79-1,447 Uncompleted New Sale KINGSFORD WATERBAY Apartment 99 years Dec 15, 217 1,1 1,318, - 1,317 Uncompleted New Sale KINGSFORD WATERBAY Apartment 99 years Dec 15, 217 689 982, - 1,425 Uncompleted New Sale KINGSFORD WATERBAY Apartment 99 years Dec 15, 217 85 1,13,888-1,298 Uncompleted New Sale REGENTVILLE Apartment 99 years Dec 18, 217 1,744 1,, - 573 1999 Resale RIVERSAILS Condominium 99 years Dec 26, 217 1,66 1,14, - 1,7 216 Resale RIVERSAILS Condominium 99 years Dec 19, 217 1,819 1,49, - 819 216 Resale RIVERSAILS Condominium 99 years Dec 19, 217 1,19 1,11, - 1,1 216 Resale SERANGOON GARDEN ESTATE Semi-Detached 999 years Dec 18, 217 3,315 3,5, - 1,56 Unknown Resale STARS OF KOVAN Apartment 99 years Dec 21, 217 958 1,472,48-1,537 Uncompleted New Sale TAI KENG GARDENS Detached Freehold Dec 22, 217 6,555 6,28, - 958 Unknown Resale THE FLORIDA EC 99 years Dec 21, 217 2,34 1,38, - 678 2 Resale THE LUXURIE Condominium 99 years Dec 18, 217 1,12 1,2, - 1,186 215 Resale THE QUARTZ Condominium 99 years Dec 22, 217 1,76 975, - 96 29 Resale THE RIVERVALE EC 99 years Dec 22, 217 1,32 86, - 66 2 Resale THE SCALA Apartment 99 years Dec 15, 217 474 78, - 1,647 213 Resale WATERTOWN Apartment 99 years Dec 21, 217 57 823, - 1,443 217 Sub Sale District 2 ADANA @ THOMSON Apartment Freehold Dec 16, 217 872 1,453, - 1,666 Uncompleted New Sale ADANA @ THOMSON Apartment Freehold Dec 16, 217 872 1,445, - 1,657 Uncompleted New Sale BISHAN LOFT EC 99 years Dec 18, 217 1,184 1,215, - 1,26 23 Resale LAND AREA/ NETT UNIT FLOOR AREA TRANSACTED PRICE PRICE COMPLETION TYPE OF PROJECT PROPERTY TYPE TENURE SALE DATE (SQ FT) PRICE ($) ($) ($ PSF) DATE SALE CENTRO RESIDENCES Condominium 99 years Dec 21, 217 1,1 1,35, - 1,349 214 Resale CLOVER RISE Terrace Freehold Dec 18, 217 1,798 2,6, - 1,443 Unknown Resale ISLAND COUNTRY VILLAS Semi-Detached 99 years Dec 21, 217 3,14 2,31, - 767 1999 Resale NUOVO EC 99 years Dec 21, 217 1,281 1,17, - 913 24 Resale SEMBAWANG HILLS ESTATE Terrace Freehold Dec 21, 217 1,496 1,78, - 1,186 Unknown Resale SEMBAWANG HILLS ESTATE Terrace Freehold Dec 19, 217 1,528 2,528, - 1,655 Unknown Resale SKY HABITAT Condominium 99 years Dec 18, 217 1,55 2,331,5-1,54 215 Resale District 21 HIGHGATE Terrace Freehold Dec 18, 217 1,787 2,78, - 1,559 1993 Resale HUME PARK II Condominium Freehold Dec 22, 217 969 95, - 981 1997 Resale KISMIS COURT Condominium 99 years Dec 2, 217 2,131 1,3, - 61 1985 Resale KISMIS RESIDENCES Terrace Freehold Dec 15, 217 1,615 4,15, - 2,57 Uncompleted New Sale MAPLE WOODS Condominium Freehold Dec 26, 217 1,862 1,97, - 1,58 1997 Resale MAPLE WOODS Condominium Freehold Dec 21, 217 915 1,3, - 1,421 1997 Resale PANDAN VALLEY Condominium Freehold Dec 18, 217 2,669 2,55, - 955 1978 Resale SIGNATURE PARK Condominium Freehold Dec 22, 217 1,421 1,59, - 1,119 1998 Resale THE BEVERLY Apartment Freehold Dec 18, 217 3,681 2,4, - 652 212 Resale THE CASCADIA Condominium Freehold Dec 22, 217 1,292 2,1, - 1,626 21 Resale THE CASCADIA Condominium Freehold Dec 2, 217 872 1,388, - 1,592 21 Resale THE CREEK @ BUKIT Condominium Freehold Dec 18, 217 1,711 2,429,8-1,42 217 New Sale THE CREEK @ BUKIT Condominium Freehold Dec 18, 217 1,711 2,468,8-1,442 217 New Sale THE CREEK @ BUKIT Condominium Freehold Dec 18, 217 1,668 2,468,8-1,48 217 New Sale THE CREEK @ BUKIT Condominium Freehold Dec 15, 217 1,647 2,356,913-1,431 217 New Sale THE CREEK @ BUKIT Condominium Freehold Dec 15, 217 1,658 2,57,262-1,513 217 New Sale THE CREEK @ BUKIT Condominium Freehold Dec 15, 217 1,658 2,358,929-1,423 217 New Sale THE CREEK @ BUKIT Condominium Freehold Dec 15, 217 1,615 2,33,8-1,444 217 New Sale THE CREEK @ BUKIT Condominium Freehold Dec 15, 217 1,668 2,489, - 1,492 217 New Sale THE NEXUS Condominium Freehold Dec 18, 217 592 99, - 1,672 26 Resale TRANQUILIA @ KISMIS Terrace Freehold Dec 18, 217 4,456 3,55, - 797 Uncompleted New Sale District 22 CASPIAN Condominium 99 years Dec 22, 217 1,216 1,22, - 1,3 212 Resale LAKE GRANDE Condominium 99 years Dec 22, 217 958 1,24, - 1,257 Uncompleted New Sale THE CENTRIS Apartment 99 years Dec 15, 217 1,27 1,5, - 827 29 Resale THE LAKESHORE Condominium 99 years Dec 19, 217 1,464 1,36, - 929 28 Resale District 23 HILLTOP GROVE Condominium 99 years Dec 22, 217 1,787 1,188, - 665 21 Resale INZ RESIDENCE EC 99 years Dec 24, 217 99 81, - 89 Uncompleted New Sale INZ RESIDENCE EC 99 years Dec 18, 217 1,44 891, - 853 Uncompleted New Sale INZ RESIDENCE EC 99 years Dec 17, 217 99 791, - 799 Uncompleted New Sale INZ RESIDENCE EC 99 years Dec 16, 217 969 742, - 766 Uncompleted New Sale INZ RESIDENCE EC 99 years Dec 16, 217 99 827, - 835 Uncompleted New Sale INZ RESIDENCE EC 99 years Dec 16, 217 99 815, - 823 Uncompleted New Sale MAYSPRINGS Apartment 99 years Dec 21, 217 1,324 955, - 721 1998 Resale MONTROSA Condominium 999 years Dec 21, 217 1,432 1,118, - 781 1999 Resale SOL ACRES EC 99 years Dec 17, 217 57 438, - 768 Uncompleted New Sale SOL ACRES EC 99 years Dec 15, 217 57 468, - 82 Uncompleted New Sale SOL ACRES EC 99 years Dec 15, 217 1,44 81, - 767 Uncompleted New Sale District 25 CASABLANCA Condominium 99 years Dec 21, 217 893 755, - 845 25 Resale CASABLANCA Condominium 99 years Dec 15, 217 1,324 95, - 718 25 Resale NORTHWAVE EC 99 years Dec 22, 217 99 818, - 826 Uncompleted New Sale NORTHWAVE EC 99 years Dec 18, 217 1,119 895, - 8 Uncompleted New Sale NORTHWAVE EC 99 years Dec 17, 217 99 754, - 761 Uncompleted New Sale WOODHAVEN Condominium 99 years Dec 21, 217 85 82, - 964 215 Resale District 26 ATELIER VILLAS Terrace Freehold Dec 18, 217 3,24 1,98, - 611 28 Resale FOREST HILLS CONDOMINIUM Condominium 99 years Dec 22, 217 1,163 818, - 74 23 Resale MEADOWS @ PEIRCE Condominium Freehold Dec 21, 217 1,44 1,12, - 1,73 212 Resale THE BROOKS I & II Apartment Freehold Dec 22, 217 57 763,77-1,339 216 New Sale THE CALROSE Condominium Freehold Dec 19, 217 1,163 1,4, - 1,24 27 Resale THE SPRINGSIDE Terrace Freehold Dec 18, 217 2,33 3,34, - 1,436 216 Resale District 27 EIGHT COURTYARDS Condominium 99 years Dec 15, 217 958 85, - 887 214 Resale NORTH PARK RESIDENCES Apartment 99 years Dec 24, 217 1,98 1,473,84-1,342 Uncompleted New Sale NORTH PARK RESIDENCES Apartment 99 years Dec 2, 217 1,98 1,426, - 1,299 Uncompleted New Sale NORTH PARK RESIDENCES Apartment 99 years Dec 15, 217 1,432 1,852,88-1,294 Uncompleted New Sale ORCHID PARK CONDOMINIUM Condominium 99 years Dec 21, 217 893 69, - 772 1994 Resale PARC LIFE EC 99 years Dec 23, 217 1,66 866,25-813 Uncompleted New Sale PARC LIFE EC 99 years Dec 23, 217 1,19 957,33-863 Uncompleted New Sale PARC LIFE EC 99 years Dec 22, 217 1,19 953,37-86 Uncompleted New Sale PARC LIFE EC 99 years Dec 2, 217 1,281 1,15,74-793 Uncompleted New Sale PARC LIFE EC 99 years Dec 2, 217 1,66 833,58-782 Uncompleted New Sale PARC LIFE EC 99 years Dec 2, 217 1,1 757,35-757 Uncompleted New Sale PARC LIFE EC 99 years Dec 18, 217 1,66 868,23-815 Uncompleted New Sale PARC LIFE EC 99 years Dec 15, 217 1,19 914,76-825 Uncompleted New Sale SELETARIS Condominium Freehold Dec 2, 217 1,119 78, - 697 21 Resale SIGNATURE AT YISHUN EC 99 years Dec 24, 217 1,98 88,5-82 217 New Sale SIGNATURE AT YISHUN EC 99 years Dec 23, 217 1,98 827,5-754 217 New Sale SIGNATURE AT YISHUN EC 99 years Dec 22, 217 1,98 831, - 757 217 New Sale SIGNATURE AT YISHUN EC 99 years Dec 21, 217 1,98 856, - 78 217 New Sale SIGNATURE AT YISHUN EC 99 years Dec 18, 217 1,98 874,5-797 217 New Sale SIGNATURE AT YISHUN EC 99 years Dec 17, 217 1,76 799,5-743 217 New Sale SIGNATURE AT YISHUN EC 99 years Dec 16, 217 1,98 82,5-731 217 New Sale SIGNATURE AT YISHUN EC 99 years Dec 15, 217 1,184 1,19,7-861 217 New Sale SYMPHONY SUITES Condominium 99 years Dec 22, 217 915 917, - 1,2 Uncompleted New Sale SYMPHONY SUITES Condominium 99 years Dec 21, 217 915 987, - 1,79 Uncompleted New Sale SYMPHONY SUITES Condominium 99 years Dec 2, 217 1,23 1,2, - 997 Uncompleted New Sale SYMPHONY SUITES Condominium 99 years Dec 2, 217 893 942, - 1,54 Uncompleted New Sale SYMPHONY SUITES Condominium 99 years Dec 18, 217 1,23 1,39, - 1,16 Uncompleted New Sale SYMPHONY SUITES Condominium 99 years Dec 18, 217 786 852,6-1,85 Uncompleted New Sale SYMPHONY SUITES Condominium 99 years Dec 18, 217 1,23 1,89, - 1,65 Uncompleted New Sale SYMPHONY SUITES Condominium 99 years Dec 18, 217 1,23 1,8, - 1,56 Uncompleted New Sale SYMPHONY SUITES Condominium 99 years Dec 18, 217 915 97, - 991 Uncompleted New Sale THE BROWNSTONE EC 99 years Dec 23, 217 926 89,6-875 217 New Sale THE BROWNSTONE EC 99 years Dec 21, 217 915 775,2-847 217 New Sale THE BROWNSTONE EC 99 years Dec 15, 217 99 785,6-793 217 New Sale THE CRITERION EC 99 years Dec 19, 217 1,98 863,2-786 Uncompleted New Sale THE CRITERION EC 99 years Dec 17, 217 915 757,6-828 Uncompleted New Sale THE ESTUARY Condominium 99 years Dec 2, 217 1,281 1,15, - 898 213 Resale THE NAUTICAL Condominium 99 years Dec 15, 217 1,83 1,5, - 82 215 Resale WATERCOVE Terrace Freehold Dec 22, 217 3,466 2,258, - 651 Uncompleted New Sale District 28 BELGRAVIA VILLAS Terrace Freehold Dec 17, 217 3,584 3,7,49-839 Uncompleted New Sale BELGRAVIA VILLAS Terrace Freehold Dec 17, 217 3,584 3,55,97-853 Uncompleted New Sale BELGRAVIA VILLAS Terrace Freehold Dec 17, 217 3,767 3,265,53-867 Uncompleted New Sale BELGRAVIA VILLAS Terrace Freehold Dec 15, 217 3,584 2,916,35-814 Uncompleted New Sale CABANA Terrace 13 years Dec 15, 217 3,165 2,, - 632 213 Resale H2O RESIDENCES Condominium 99 years Dec 2, 217 883 9, - 1,2 215 Resale H2O RESIDENCES Condominium 99 years Dec 19, 217 1,13 1,138, - 1,7 215 Resale PARC BOTANNIA Condominium 99 years Dec 23, 217 56 623, - 1,231 Uncompleted New Sale PARC BOTANNIA Condominium 99 years Dec 23, 217 56 627, - 1,239 Uncompleted New Sale PARC BOTANNIA Condominium 99 years Dec 22, 217 1,281 1,535, - 1,198 Uncompleted New Sale PARC BOTANNIA Condominium 99 years Dec 21, 217 431 593, - 1,377 Uncompleted New Sale PARC BOTANNIA Condominium 99 years Dec 2, 217 431 583, - 1,354 Uncompleted New Sale PARC BOTANNIA Condominium 99 years Dec 2, 217 667 827, - 1,239 Uncompleted New Sale PARC BOTANNIA Condominium 99 years Dec 2, 217 1,44 1,257, - 1,24 Uncompleted New Sale PARC BOTANNIA Condominium 99 years Dec 19, 217 581 747, - 1,285 Uncompleted New Sale PARC BOTANNIA Condominium 99 years Dec 18, 217 581 754, - 1,297 Uncompleted New Sale PARC BOTANNIA Condominium 99 years Dec 15, 217 1,281 1,55, - 1,21 Uncompleted New Sale PARC BOTANNIA Condominium 99 years Dec 15, 217 592 775, - 1,39 Uncompleted New Sale PARC BOTANNIA Condominium 99 years Dec 15, 217 1,453 1,742, - 1,199 Uncompleted New Sale PARC BOTANNIA Condominium 99 years Dec 15, 217 431 572, - 1,329 Uncompleted New Sale SELETAR HILLS ESTATE Semi-Detached 999 years Dec 21, 217 3,444 3,3, - 881 Unknown Resale SERENITY PARK Condominium Freehold Dec 18, 217 1,32 1,5, - 86 1995 Resale THE GREENWICH Condominium 99 years Dec 19, 217 1,19 1,16, - 1,46 214 Resale DISCLAIMER: Source: URA Realis. Updated Jan 2, 218. The Edge Property Pte Ltd shall not be responsible for any loss or liability arising directly or indirectly from the use of, or reliance on, the information provided therein. EC stands for executive condominium

EP1 EDGEPROP JANUARY 8, 218 GAINS AND LOSSES Unit at The Marq sold at $4.9 mil loss BY TIMOTHY TAY The highest recorded loss in the week of Dec 15 to 26, 217 was from the sale of a four-bedroom unit at the ultra-luxury condominium The Marq on Paterson Hill. The seller bought the 3,89 sq ft unit from the developer for $15.2 million ($4,92 psf) in 212. He sold it for $1.28 million ($3,328 psf) on Dec 2 and incurred a $4.92 million (32%) loss, or an annualised loss of 7% over a five-year holding period. According to a property agent who declined to be named, the seller is a Singaporean who has units in other ultra-luxury projects in Singapore. The first tranche of units sold at The Marq when the project was launched in June 27 was priced from $3,6 psf, but prices quickly escalated to $5,262 psf by September that year. The highest absolute price achieved at the luxury condo is $31.4 million ($5,1 psf), for a 6,157 sq ft unit transacted in July 27. The Marq also holds the record for the highest price psf to date $6,84 psf, for a 3,3 sq ft unit on the 2th floor, which was bought by a foreigner for $2.54 million. Only one other unit changed hands at The Marq last year a 6,232 sq ft mid-level unit at The Signature Tower, which went for $21.8 million ($3,498 psf), according to a caveat lodged in April 217. The unit was last sold for $26.4 million ($4,242 psf) in July 27. Completed in 211, The Marq offers 66 units in two 24-storey towers. At the Premier Tower, a typical four-bedroom unit is around 3, sq ft; at the Signature Tower, it is above 6, sq ft and comes with a 15m lap pool. The Marq on Paterson Hill was hailed as the foremost ultra-luxury condo when it was launched a decade ago. It was developed by SC Global Developments, which also developed Sculptura Ardmore, where a super penthouse of 1,3 sq ft sold for over $6 million, or $6,-plus psf. Over the past quarter, other freehold ultra-luxury condos such as The Nassim and The Ritz-Carlton Residences as well as Sculptura The Marq on Paterson Hill. Find the most affordable listing in the project at edgepr.link/themarqonpatersonhill Ardmore have seen sales ranging from $3,171 to $4,171 psf, says Dominic Lee, PropNex Realty head of the luxury team. Even the 99-year leasehold luxury condos in integrated developments such as Wallich Residence at Tanjong Pagar have seen prices hit a high of $4, psf. Lee is optimistic that the residential market will be more buoyant this year, but cautions that over-exuberance could lead to the recovery being short-lived. While local buyers account The seller of a penthouse unit at Goodwood Residence walked away with $1.92 million when the unit was sold on Dec 21, 217. Find the most affordable listing in the project at edgepr.link/goodwoodresidence for the majority of the transactions in the luxury condo segment, he sees interest from foreign buyers returning, fuelling the rise in prices. Meanwhile, the most profitable deal recorded in the week of Dec 15 to 26 was for the sale of a penthouse at the luxury condo Goodwood Residence, off Bukit Timah Road. The 9,666 sq ft unit on the 12th floor of one of the blocks was purchased for $15.8 million ($1,56 psf) in 21 and sold for $17 million ($1,759 psf), according to a caveat lodged on Dec 21. The seller realised a gain of $1.92 million (13%). This was the most profitable transaction at Goodwood Residence last year. More than half of the units were sold at profit, with upside ranging from $44, to $1.92 million, according to data from URA Realis. Developed by GuocoLand, the 21-unit, freehold Goodwood Residence was completed in 213 and is fully sold. E PICTURES: SAMUEL ISAAC CHUA/THE EDGE SINGAPORE Top 1 gains and losses from Dec 15 to 26, 217 Most profitable deals PROJECT DISTRICT AREA (SQ FT) SOLD ON (217) SALE PRICE ($ PSF) BOUGHT ON PURCHASE PRICE ($ PSF) PROFIT ($) PROFIT (%) ANNUALISED PROFIT (%) HOLDING PERIOD (YEARS) 1 Goodwood Residence 1 9,666 Dec 21 1,759 June 9, 21 1,56 1,92, 13 2 7.5 2 Pandan Valley 21 2,669 Dec 18 955 Aug 17, 1999 472 1,29, 12 4 18.4 3 Village Tower 1 1,88 Dec 26 1,366 Oct 2, 26 78 1,19, 93 6 11.2 4 Island View 5 3,1 Dec 22 1,177 July 22, 29 86 1,15, 46 5 8.4 5 City Square Residences 8 1,26 Dec 15 1,476 May 9, 25 563 1,11,52 162 8 12.6 6 Signature Park 21 1,421 Dec 22 1,119 Nov 26, 24 467 927, 14 7 13.1 7 Rivergate 9 1,44 Dec 15 2,155 Dec 29, 26 1,277 916,92 69 5 11. 8 Parvis 1 1,991 Dec 21 1,948 Dec 3, 29 1,495 93,39 3 3 8. 9 Balmoral 8 1 3,757 Dec 2 998 Feb 28, 22 793 84,843 27 2 15.8 1 Nicole Green 14 1,27 Dec 15 1,44 Feb 27, 23 486 79,2 115 5 14.8 URA, EDGEPROP Non-profitable deals PROJECT DISTRICT AREA (SQ FT) SOLD ON (217) SALE PRICE ($ PSF) BOUGHT ON PURCHASE PRICE ($ PSF) LOSS ($) LOSS (%) ANNUALISED LOSS (%) HOLDING PERIOD (YEARS) 1 The Marq on Paterson Hill 9 3,89 Dec 2 3,328 Sept 17, 212 4,92 4,92, 32 7 5.3 2 Newton Imperial 11 1,938 Dec 21 1,652 July 2, 213 2,21 714,76 18 4 4.5 3 The Trizon 1 1,894 Dec 15 1,573 June 25, 212 1,795 42,3 12 2 5.5 4 Residences @ Killiney 9 2,368 Dec 22 1,731 Aug 19, 29 1,853 289,499 7 1 8.3 5 The Cascadia 21 872 Dec 2 1,592 Jan 25, 213 1,844 22, 14 3 4.9 6 St Patrick s Residences 15 2,562 Dec 21 1,171 Nov 3, 212 1,254 211,888 7 1 5.1 7 The Arc At Draycott 1 1,27 Dec 26 2,283 July 11, 27 2,43 186,1 6 1 1.5 8 Seletaris 27 1,119 Dec 2 697 Dec 19, 213 831 15, 16 4 4. 9 The Centris 22 1,27 Dec 15 827 Feb 18, 213 945 15, 13 3 4.8 1 Varsity Park Condominium 5 1,32 Dec 23 1,152 May 9, 213 1,228 1, 6 1 4.6 Note: Computed based on URA caveat data as at Jan 2 for private non-landed houses transacted between Dec 15 to 26, 217. The profit-and-loss computation excludes transaction costs such as stamp duties.

EDGEPROP JANAUARY 8, 218 EP11 DEAL WATCH Conservation terraced house on Kim Yam Road going for $2.78 mil BY TIMOTHY TAY A rare 2½-storey conservation intermediate terraced house on Kim Yam Road has been listed on EdgeProp.sg for $2.78 million ($2,468 psf). The property sits on a land area of 1,13 sq ft and has a 99-year lease starting from 1997. It has a built-up area of 2,2 sq ft and comes with three en suite bedrooms. The house is leased to three expatriate employees of a Singapore-listed company at $5,2 a month until 3Q219. There has been a downward rental revision because of a softening of the overall rental market. Previously, an expatriate family had occupied the house from 212 to 1Q217 at a monthly rental rate of $7,7, according to Elaine Goi, senior division director at Knight Frank, the managing agent for the property. The owner has been holding on to the property as an investment since 212. Because the gross rental yield has fallen from 3.36% to 2.27%, the owner decided to put the property up for sale last month. The house is located off Mohamad Sultan Road in the prime River Valley area of District 9. Goi says the property is expected to attract buyers who want to own a rare conservation terraced house. The last transaction on that row was in February 217, when another terraced house sitting on a 99-year leasehold land area of 1,195 sq ft changed hands for $2.5 million. E Recent landed property transactions on Kim Yam Road CONTRACT DATE AREA (SQ FT) PRICE ($) PRICE ($ PSF) Feb 28, 217 1,194 2,5, 2,89 Aug 17, 216 1,625 5,3, 3,272 March 28, 216 2,561 3,82, 1,491 Sept 5, 214 2,841 3,5, 1,232 Recent rental contracts for 1, to 1,5 sq ft landed properties on Kim Yam Road LEASE DATE (217) MONTHLY RENT $ $ PSF September 5,3 3.53 April 4,5 3. March 3,4 2.27 January 6, 4. TABLES: URA, EDGEPROP The conservation house is located off Mohamad Sultan Road in the prime River Valley area SAMUEL ISAAC CHUA/THE EDGE SINGAPORE FENG SHUI Feng shui guide to 218 As we start 218, it is time for some personal reflection. Have you used the time wisely over the past year? Did you achieve the goals that you set for yourself last year? While we hope that it has been a fruitful 217 for you, it is also time to look forward to the future. We have compiled a list of 218 feng shui directions to help you up your game and boost your energy for the coming year. Facing the right direction is a big part of feng shui: the direction in which you sit at work, the position of your bed or your front door. Each of these elements will have an auspicious direction that will allow you to gain more positive chi, or energy, increase your luck in career, health, love and many other aspects of your life. Alternatively, avoiding bad facing will go a long way in helping ensure a trouble-free year. The table of feng shui direction/location and forecast shows how you can adjust your workspace or sleeping position to attract more positive energy in 218. Visit the Feng Shui and Astrology seminar for the Year BY JOEY YAP of the Earth Dog at Resorts World Convention Centre (8 Sentosa Gateway) on Jan 7 from 1am to 5pm. Registration starts at 8.3am. To find out more, visit www.joeyyap.com/ edgeprop. E Joey Yap is founder of the Mastery Academy of Chinese Metaphysics, a global organisation devoted to the teaching of feng shui, BaZi, Qimen Dunjia, mian xiang and other Chinese metaphysical subjects. He is also chief consultant of Joey Yap Consulting Group, an international consulting firm specialising in feng shui and Chinese astrology services. DIRECTION/LOCATION FORECAST DIRECTION/LOCATION FORECAST Southeast South Southwest West Fruitful if activated as the main Wealth sector of the year; Maximising sector benefits will increase Wealth accumulation; Professional pursuits will flourish in this Wealth sector; and Solid foundation will be in place for future promotion at work. Encourages scholarly and academic pursuits; Boosts endeavours in humanities, literary and artistic fields; Main Door facing this direction results in a fulfilling journey for long-distance travel; and Promotes meaningful and fulfilling relationship with love interest. Profitable career prospects throughout the year; Initiatives at work will be recognised by superiors; If the office Main Door faces this direction, sphere of influence will improve; and Upheaval in the office will be minimised. Turbulent energy flow can cause health issues, aggravation of existing medical conditions; Expectant mothers may face pregnancy complications or babies may have poor health; and Negative energy flow can be suppressed Northwest North Northeast East by placing metal objects made of brass, copper, iron or bronze in this sector. Positive career advancement; Opportunities for travel; Wealth accumulation; Improvement in academic pursuits; and Promote relationships and social life. Direction with the most negative energy in 218; Inauspicious sector for beginning new ventures; Avoid renovations or ground-breaking works in this sector; and Negative energy can be suppressed by placing heavy metal objects made of brass, bronze, iron, copper or pewter in this sector. Promotes conflict, argument and disagreement; Legal complications that could lead to stress and health problems; and Placement of oil lamps will suppress negative energy flow. Takes a toll on emotional and physical well-being; Introduces various illnesses; Causes constant arguments; If bedroom is in this direction, it is bound to cause arguments with partner; and Having the Main Door in this direction means the occupants will be more prone to burglary/theft.

EP12 EDGEPROP JANUARY 8, 218

EDGEPROP JANUARY 8, 218 EP13

EP14 EDGEPROP JANUARY 8, 218