Visit EdgeProp.sg to find properties, research market trends and read the latest news THE WEEK OF AUGUST 14, 2017 | ISSUE 792-14

M A K E B E T T E R D E C I S I O N S MCI (P) 079/05/2017 PPS 1519/09/2012 (022805)

News BriefRoxy-Pacifi c acquires

River Valley sitefor $110 mil EP4

Gains and LossesArdmore Park condo

sold for $2.9 mil profi tEP21

Done DealsBungalow at

Lakeshore View soldfor $15.5 mil EP24

Deal WatchTwo-bedroom unit

at One Amber goingfor $1.6 mil EP27

SAM

UEL

ISAA

C CH

UA/T

HE E

DGE

SIN

GAP

ORE

To learn about the developers and architects who have pushedthe envelope to create signifi cant projects in Singapore,

see our Cover Story features on Pages 5 to 20

Transformingthe skyline

EP2 • THEEDGE SINGAPORE | AUGUST 14, 2017

BROUGHT TO YOU BY LENDLEASE

The new-generation workplace for international businesses

In our modern-day internet society, boundaries

between public and private space, work and play,

and work and life have broken down. The work-

place has become less about just property and

more about creating a sustainable ecosystem

for work to which people are automatically drawn.

Employee salaries and benefits account for 90%

of typical business operating expenses*, far ahead

of office rental (9%) and energy costs (1%). There-

fore, a workplace that enhances productivity can

leverage a huge return on the investment.

In Singapore, Lendlease’s $3.2 billion Paya Lebar

Quarter regeneration scheme offers a complete work

ecosystem that enables progressive com panies

to enhance productivity by promoting knowledge

sharing, innovation and collaboration.

“This ecosystem will help connect people be-

yond their workspace and also at various cultural,

recreational and nature spots,” says Richard Paine,

managing director of Paya Lebar Quarter. “Techno-

logy is driving a more fluid approach to the physical

workspace. We are creating a place where people

can take their work from their desks to the board-

room or other parts of the precinct, such as outdoor

terraces, cafes, parks and restaurants.”

AN ECOSYSTEM THAT PROMOTES HEALTH AND WELLNESSMore companies now realise that staff well- being

is an integral part of their business strategy.

“Businesses are starting to realise that the quali-

ty of the workspace is more important than its cost,”

says Paine. “An uplifting environment in the workplace

has a direct impact on staff well-being and produc-

tivity. It can be a green area, a social space to meet

others, or a quiet place for contemplation or relaxation.”

The three Grade-A office towers at Paya Lebar

Quarter have close to one million sq ft of space, linked

to a standalone 340,000 sq ft shopping mall and three

residential towers with 429 units. About 100,000 sq

ft of the site is dedicated to lush green space. There

are also six-metre-wide cycling and walking paths that

are linked to five park connectors around Singapore.

Beyond bicycle paths, Paya Lebar Quarter

will also have end-of-trip facilities such as secure

bicycle storage areas as well as shower facilities

and changing rooms. “We want to create fitness and

wellness facilities to make staying healthy easier,”

says Paine. “Our vision is to provide an environment

where people can leave work feeling better than

when they arrived.”

Paya Lebar Quarter will provide a parkland

environment and cool, shaded areas to encourage

more people to incorporate walking as part of their

lifestyle. The public plaza at Paya Lebar Quarter is

also WiFi-connected.

Lendlease’s new Grade-A offi ce towers at Paya Lebar Quarter enhance the productivity of its occupants with wellness features within a complete work ecosystem

Artist’s impression of the three towers at Lendlease’s Paya Lebar Quarter, which will have close to 1 million sq ft Grade A office space

By providing a parkland environment and cool, shaded areas, Paya Lebar Quarter hopes toencourage more people to incorporate walking and cycling into their lifestyle

Lendlease has created a place where people can take their work from their desks to the boardroom or other parts of the precinct, such as outdoor terraces, cafes, parks and restaurants

PICT

URES

: LEN

DLEA

SE

Businesses are startingto realise that the

quality of the workspace is more important than its cost. An uplifting environment inthe workplace has a direct impact on staff well-beingand productivity.

THEEDGE SINGAPORE | AUGUST 14, 2017 • EP3

LENDLEASE SEES A GREAT WORKPLACEAS A STRATEGIC ENABLER In November 2015, Lendlease formed a global

alliance with US-based Delos, the pioneer of

Wellness Real Estate, to jointly champion the

internationalisation and implementation of the

well-being agenda for buildings and commu-

nities. The alliance is also working to further

advance WELL Core & Shell Certifi cation as a

pathway to WELL-ready workplaces for tenants.

The WELL Building Standard measures the

health and well-being of people in buildings based

on seven concepts relevant to occupant health in

the built environment, such as air quality, thermal

comfort, natural lighting and green coverage or bi-

ophilia. WELL is administered by the International

WELL Building Institute, a public benefit corpora-

tion, and third-party certified by Green Business

Certification Inc.

Paya Lebar Quarter is the first development to

register for WELL Core and Shell Certification in

Singapore. In Australia, Lendlease’s Internation-

al Towers Sydney at Barangaroo is the country’s

first WELL-certified office project from inception.

Lendlease’s headquarters in Tower Three of In-

ternational Towers Sydney has obtained a Plati-

num rating, the highest level in WELL certification.

WHAT IT MEANS TO WORK IN AWELL-CERTIFIED BUILDINGA lot of things go into the design of a WELL-

certifi ed offi ce building that people may not real-

ise until they move in, such as good lighting and

the benefi ts of daylight. Experts believe that pro-

ductivity level improves as a result of proximity

to windows with views out to nature, according

to the Health, Wellbeing & Productivity in Offi c-

es study by the World Green Building Council.

“It’s very calming to look out to greenery, and

it will make a meaningful difference to people,”

says Paine, “At Paya Lebar Quarter, you will en-

joy a view of greenery whether you are stand-

ing at the lobby or near one of the windows of

the office towers. This comes from Paya Lebar

Quarter having a green plot ratio of more than

six times, that is, the area covered by foliage is

six times that of the land area.”

Indoor air quality is also something that people

in Singapore take for granted, until they are

affected by the periodic severe haze in the region.

Research has shown that productivitiy improves

by 8% to 11% as a result of better air quality.

To ensure that its office buildings at Paya Lebar

Quarter have good air quality, MERV 14 filters

will be used all year round as they provide good

air filtration to reduce small particulate matters,

bacteria and droplet nuclei, creating a healthier

environment, especially during hazy conditions.

HUNT FOR QUALITY SPACE The desire of large-offi ce occupiers to locate

work closer to home has also meant a search

for alternative business districts with quality

and effi cient buildings and easy access to pub-

lic transport. This is where Paya Lebar Quarter

ticks all the boxes.

In terms of connectivity, the three office towers

at Paya Lebar Quarter are linked by covered bridges

to a shopping mall and the Paya Lebar MRT in-

terchange station. They are also a 10-minute train

ride to Raffles Place and Marina Bay. With over 20

bus routes serving the area, getting to Paya Lebar

Quarter is a breeze. For those who drive, it takes 10

to 15 minutes to get to the CBD and Marina Bay,

as well as Changi International Airport.

In Asia-Pacific, the main factors driving loca-

tion and building selection are real estate cost,

accessibility, talent availability and the size of floor

plates. Decisions are also influenced by space

efficiency initiatives to futureproof work environ-

ments, according to the CBRE Asia Pacific Oc-

cupier Survey 2017. The workspaces at Paya

Lebar Quarter have been designed to meet those

needs with large, efficient floor plates ranging from

24,000 to 32,000 sq ft, and an ambience that

has been calibrated to improve staff wellbeing

and productivity, as well as to help companies

attract and retain talent.

IMPROVING SPACE EFFICIENCY, PROVIDING GREATER FLEXIBILITYJLL research shows that 30% of corporate port -

fo lios will comprise fl exible space, including co-

working, incubator or accelerator space by 2030.

Lendlease intends to incorporate co-work-

ing space within Paya Lebar Quarter. In its bid to

understand the co-working model better, Lend-

lease’s regional headquarters in Singapore with

a staff of 100 moved to a co-working space that

opened at Downtown Gallery last month. This will

give Lendlease staff first-hand experience of what

it is like to work in a co-working environment.

The company also has a strategic workplace

enabler business unit that completes a total work-

place solution to tenants. Lendlease Strategic Work-

place offers health and well-being design recom-

mendations and delivers full space budgets and

early design materials to inform delivery planning.

“Lendlease has been at the forefront of the

movement towards improving people’s well-

being in the workplace. The Lendlease Strate-

gic Workplace user experience team designed

our global headquarters in International Towers

Sydney, which now ranks among the top 2% of

all workplaces surveyed worldwide, according to

the Leesman Index, which measures the perfor-

mance of office space.” says Paine

Paya Lebar Quarter is expected to be sub-

stantially completed by end-2018. It will showcase

Singapore’s future workplace — one that is well

located and connected as it is linked directly to

a transport node, and has office towers that are

focused on promoting health and well-being as

well as the productivity of its occupants.

*‘Building the Business Case: Health, Wellbeing and Productivity in

Green Offi ces’, a 2 016 study by the World Green Building Council

In terms of connectivity, the three office towers at Paya Lebar Quarter are linked by covered bridges to a shopping mall and the Paya Lebar MRT interchange station

Paya Lebar Quarter has a green plot ratio of more than six times, that is, the area covered by foliage is six times that of the land area. About 100,000 sq ft is dedicated to lush green space.

Paya Lebar Quarter ticks all the boxes in terms of meeting the needs of large-office occupiers searching for alternative business districts with high quality and efficient buildings and easy access to public transport

@PayaLebarQuarter

+65 6671 7373workplace@payalebarquarter.comwww.payalebarquarter.com

Lendlease has been at the forefront of

the movement towards improving people’s well-being in the workplace. The Lendlease Strategic Workplace user experience team designed our global headquarters in International Towers Sydney, which now ranks among the top 2% of all workplaces surveyed worldwide, according to the Leesman Index, which measures the performance of office space.

MARKETING AGENTSCONTACT US

CEA License No. L3002163I CEA License No. L3007326E

EP4 • THEEDGE SINGAPORE | AUGUST 14, 2017

PROPERTY BRIEFS

EDITORIALEDITOR | Cecilia ChowHEAD OF RESEARCH | Feily Sofi anDEPUTY EDITOR | Lin ZhiqinWRITER | Angela TeoANALYST | Tan Chee Yuen

COPY-EDITING DESK | Elaine Lim, Evelyn Tung, Chew Ru Ju, Tan Gim Ean,Shanthi MurugiahPHOTO EDITOR | Samuel Isaac ChuaPHOTOGRAPHER | Albert ChuaEDITORIAL COORDINATOR | Yen TanDESIGN DESK | Tan Siew Ching, Christine Ong, Monica Lim, Tun Mohd Zafi an Mohd Za’abah

ADVERTISING + MARKETING ADVERTISING SALES

DIRECTOR, ADVERTISING & SALES | Cowie TanASSOCIATE ACCOUNT DIRECTOR | Diana LimSENIOR ACCOUNT MANAGER | Priscilla WongACCOUNT MANAGER |James ChuaREGIONAL BUSINESSDEVELOPMENT MANAGER |Suki Lin

CIRCULATIONDIRECTOR | Victor TheEXECUTIVES | Malliga Muthusamy, Ashikin Kader,Winnie Lim

CORPORATE MANAGING DIRECTOR | Bernard Tong

PUBLISHERThe Edge Property Pte Ltd150 Cecil Street #13-00Singapore 069543Tel: (65) 6232 8622Fax: (65) 6232 8620

PRINTERKHL Printing Co Pte Ltd57 Loyang DriveSingapore 508968Tel: (65) 6543 2222Fax: (65) 6545 3333

PERMISSION AND REPRINTSMaterial in The Edge Property may not be reproduced in any form without the written permission of the publisher

We welcome your commentsand criticism: propertyeditor.sg@bizedge.com

Pseudonyms are allowed but please state your full name, address and contact number for us to verify.

Roxy-Pacific acquires site at River Valley Road for $110 mil RH Capital Two, a wholly-owned sub-

sidiary of Roxy-Pacific Holdings, an-

nounced on Aug 7 that it has entered

into an agreement to purchase a res-

idential site on River Valley Road for

$110 million, which translates into

$3,819 psf per plot ratio (psf ppr). The

price does not include a development

charge estimated to be $17.6 million.

The purchase was made via a private

treaty deal brokered by CBRE.

The freehold site of 28,798 sq ft is

zoned for residential apartment develop-

ment, with an existing plot ratio of 2.8,

which works out to a gross floor area

of 80,734 sq ft. As such, Roxy- Pacific

reckons the site can be redeveloped

into a new condominium block of 18

storeys, with more than 100 units. The

project could be launched in 3Q2018.

Separately, Roxy-Pacific also an-

nounced that it has acquired Tenma-

bashi Grand Hotel Osaka for ¥3 billion

($36.8 million). This marks the group’s

second hotel acquisition in Japan. The

154-room hotel spans nine floors and

has a total floor area of 39,528 sq ft. It

will be managed by Roxy-Pacific’s hos-

pitality management arm, Noku Roxy,

which is already managing Noku Kyoto,

a boutique hotel in that city.

Roxy-Pacific recently announced the

acquisition of an office building in New

Zealand for $175 million. The purchase

was made jointly with another Singa-

pore-listed construction and property

group, Chip Eng Seng Corp, with each

holding a 50% stake. The property, lo-

cated at 205 Queen Street in Auckland,

comprises two commercial towers of 17

and 22 storeys, as well as a retail podium.

It has 273,201 sq ft of net lettable area,

of which 96.37% is currently leased.

Singapore ranks fourth in Asia-Pacific real estate market activitySingapore was placed fourth in 1H2017

real market activity among Apac coun-

tries, according to Real Capital Analytics’

2Q2017 Asia-Pacific Capital Trends Report

on Aug 7. This marks Singapore’s high-

est position in five years.

Real estate transactions in Singa-

pore grew 50% y-o-y to $8.1 billion in

1H2017, owing to several large deals,

including the acquisition of Jurong

Point shopping mall for $2.2 billion by

Mercatus Co-operative, an NTUC social

enterprise, and collective sales in the

residential market.

Hong Kong topped the list with total

deals of US$8.3 billion ($11.3 billion).

This represents the first time that Hong

Kong has been a top investment market,

a position consistently held by Tokyo,

which fell to second place in 1H2017.

Co-working giant WeWork acquires Singapore’s SpacemobWeWork, the biggest co-working ope-

rator out of the US, says it intends to

invest $500 million in Southeast Asia

and South Korea. Part of this move in-

volves the acquisition of Singapore-based

co-working company Spacemob, founded

by its CEO Turochas “T” Fuad in early

2016. Post-acquisition, Fuad will be-

come the managing director of WeWork

in Southeast Asia, and oversee its ex-

pansion in the region.

WeWork had previously announced

a $500 million investment by Japan’s

SoftBank Group and Hony Capital, to

expand its business in China. In addi-

tion, WeWork and SoftBank have an-

nounced a joint venture to start co-work-

ing operations in Japan.

UEM Sunrise previews Melbourne project in SingaporeOn Aug 5, UEM Sunrise previewed its

Melbourne luxury residential project

called Mayfair (above left), designed

by Zaha Hadid Architects, in Singa-

pore. The preview coincided with the

launch of the Zaha Hadid Architects:

Reimagining Architecture exhibition

at the Art-Science Museum in Marina

Bay Sands.

The 20-storey Mayfair is UEM Sun-

rise’s third project in Melbourne and Zaha

Hadid’s first residential project in the

city. Located on St Kilda Road, Mayfair

will have 158 units, with a mix of one-

to five-bedroom apartments sized from

750 to 6,100 sq ft. Prices for one-bed-

room units start from RM2.44 million

($774,700). The two-bedders start from

RM4.3 million, and the three-bedders,

from RM7.6 million.

The top two floors in the residen-

tial block are branded “Zaha Signature

Suites”, and they house two- to five-bed-

room luxury penthouses priced up to

RM43 million. The project is expected

to be completed by 2Q2021.

More than 60% of units sold on first day of launch at 24 One ResidencesOn Aug 4, TEE Land moved nearly two-

thirds (15 units) out of a total of 24 at

its boutique development, 24 One Res-

idences (above right), on Pasir Panjang

Road. Of the units snapped up, 12 were

two-bedders. The rest of the units sold

were three-bedders and a sole four-bed-

room apartment.

TEE Land intends to hold the remain-

ing nine units for sale at a later stage.

These units include 807 sq ft, three-bed-

room units, a four-bedroom duplex of

1,593 sq ft and the two four-bedroom

penthouses of 1,313 sq ft. The project,

a five-minute walk from the Haw Par

Villa MRT station, is scheduled for

completion in 2020.

First phase of 280 units sold atLe Quest on first day of launchOn Aug 5, Qingjian Realty (South Pacific)

sold 280 units on the first day of the

launch of Le Quest (bottom, left). This

means the 516-unit project is 54.3%

sold after just one day. The number of

units sold exceeded the 200 initially re-

leased. The average price achieved on

the first day of sales was $1,280 psf.

The strong response was owing to the

fact that Le Quest is “the only mixed-

use development in Bukit Batok”, ac-

cording to Qingjian Realty, which will

bring heightened convenience to home-

owners and residents in the neighbour-

hood with close to 100 F&B, services

and lifestyle retail units.

Ascott to invest $170.3 mil in Funan’s serviced residence componentCapitaLand’s wholly-owned serviced

residence arm, The Ascott, says it will

invest $170.3 million in the serviced

residence component of the Funan in-

tegrated development. The investment

will be made through its global serviced

residence fund with Qatar Investment

Authority.

Of the $170.3 million investment,

about $90.5 million will be used to

purchase the land for the serviced res-

idence component from CapitaLand

Mall Trust. The remaining estimated

$80 million will be used to develop lyf

Funan Singapore (bottom, right) on the

site, which will be millennial-focused.

Slated to open in 2020, lyf Funan

Singapore is a nine-storey co-living

property spanning a gross floor area of

about 121,000 sq ft. The property will

provide 279 units, and can offer offer

up to 412 rooms.

Low Keng Huat appoints Ascott to manage Balestier and Farrer Park propertiesOn Aug 4, Low Keng Huat (Singapore)

announced that its wholly-owned units,

Balestier Tower and Perumal Develop-

ment, had entered into separate ser-

viced residence agreements with The

Ascott. This means Ascott will manage

Balestier Tower, which will be branded

as the 166-unit Citadines Balestier, as

well as Perumal Development’s serviced

residence at Farrer Park, which will be

branded as the 240-unit lyf Farrer Park

Singapore. The latter will also have res-

idential and retail components. Both

properties are slated to open in 2021.

RE/MAX hosts forum for KEOs of Singapore real estate firmsOn Aug 7, RE/MAX hosted the Singa-

pore forum on Global Growth and

Franchising Strategies for key execu tive

officers (KEOs) at Hersing Singa pore.

According to Larry Oberly, global de-

velopment vice-president of RE/MAX,

the company is the world’s largest

real estate franchise. — Compiled by

Angela Teo

UEM

SUN

RISE

SAM

UEL

ISAA

C CH

UA/T

HE E

DGE

SIN

GAP

ORE

QIN

GJIA

N R

EALT

Y

ASCO

TT

E

THEEDGE SINGAPORE | AUGUST 14, 2017 • EP5

TRANSFORMERS

| BY CECILIA CHOW |

Singapore’s skyline has transformed

dramatically over the past decade. While

the most significant change has been

at Marina Bay, other parts of the city

state have also undergone a renew al.

Many of these projects are the result of devel-

opers and architects pushing the envelope to

create something new in the respective neigh-

bourhoods.

In the sought-after residential area of

Bishan, CapitaLand and Mitsubishi Estate

Asia’s Sky Habitat stands out like a beacon.

The 509-unit condominium with its cascading

terraces is designed by world-renowned

archi tect Moshe Safdie, who is also respon-

sible for two other landmarks in Singapore

— Marina Bay Sands and the upcoming Jewel

at Changi Airport.

For those who drive along Alexandra Road

or the Ayer Rajah Expressway, The Interlace,

with its hexagonally stacked blocks, has become

a landmark. Developed by a CapitaLand-led

consortium, the project on Depot Road is set

amid greenery. The 1,040-unit The Interlace,

designed by celebrated architect Ole Scheer-

en/OMA, won the World Building of the Year

award in 2015.

In the popular East Coast area, Frasers

Centrepoint and its joint venture partners

demonstrate how a once-overlooked land

parcel can be turned into a coveted, high-rise

condo boasting uninterrupted sea views. And

that is what it has achieved with the 841-unit

Seaside Residences, designed by acclaimed

Singapore-based ADDP Architects.

GuocoLand built the tallest tower in the

country with Tanjong Pagar Centre, which

soars 290m in height. The integrated develop-

ment has the 38- storey Guoco Tower

and Wallich Residence, on the 39th to

64th

floors. At the apex of the tower is a super

penthouse of more than 21,000 sq ft, with a

price tag of $108 million. The project is de-

signed by Skidmore, Owings and Merrill, the

archi tectural firm behind other skyscrapers

in the world, from Burj Khalifa in Dubai

to Trump International Hotel & Tower in

Chicago, the US.

Australia’s Lendlease has made a name

for itself in urban regeneration schemes from

London to Sydney. In Singapore, its Paya

Lebar Quarter integrated development forms

the foundation blocks of the upcoming Paya

Lebar Central, designated by URA as a commer-

cial hub. PLQ is expected to spark a renewal

in a neighbourhood dotted by ageing indus-

trial estates.

In Bukit Panjang, Sim Lian Group has

successfully launched and completed Hillion,

its integrated development containing a re-

tail mall, and the 546-unit Hillion Residences

above it. The entire development is linked to

the Bukit Panjang MRT and LRT stations as

well as an air-conditioned bus interchange

station. It is the first such development for

the Singapore property developer and con-

struction group.

In the neighbourhood of Alexandra View,

Singapore Land is undaunted by the competi-

tion around it. Its 40-storey Alex Residences

commands panoramic city views from its roof-

top sky terrace, which features a 50m swim-

ming pool, a party lounge and other amenities.

This allows residents in all its 429 units to

enjoy 360-degree views.

In prime District 9, TG Development’s Lloyd

Sixtyfive shows that even low-rise boutique

developments can become head-turners. The

76-unit project designed by award-winning Mok

Wei Wei of W Architects features a deliberately

understated facade that belies the lush greenery

and swimming pools within.

Singapore’s Marina Bay (background) has the most transformed skyline

Sky Habitat at Bishan, featuring its signature cascading terraces

The Interlace, which is recognised by its hexagonally-stacked blocks

Seaside Residences at East Coast, where units have unblocked sea views

Tanjong Pagar Centre, Singapore’s tallest skyscraper

ALBE

RT C

HUA/

THE

EDG

E SI

NG

APO

RE

ALBE

RT C

HUA/

THE

EDG

E SI

NG

APO

RE

LEN

DLEA

SE

SAM

UEL

ISAA

C CH

UA/T

HE E

DGE

SIN

GAP

ORE

SAM

UEL

ISAA

C CH

UA/T

HE E

DGE

SIN

GAP

ORE

SAM

UEL

ISAA

C CH

UA/T

HE E

DGE

SIN

GAP

ORE

TG D

EVEL

OPM

ENT

SAM

UEL

ISAA

C CH

UA/T

HE E

DGE

SIN

GAP

ORE

FRAS

ERS

CEN

TREP

OIN

T

The retail mall of the Paya Lebar Quarter integrated development

Hillion, an integrated development with residential and retail components, is linked to the Bukit Panjang MRT and LRT stations as well as the bus interchange

The internal courtyard of the 76-unit Lloyd Sixtyfive

The 40-storey Alex Residences at Alexandra View offers panoramic city views

E

Transformingthe skyline

EP6 • THEEDGE SINGAPORE | AUGUST 14, 2017

TRANSFORMERS

Sky Habitat — elevated living in the heart of Bishan| BY FEILY SOFIAN |

In one of Singapore’s most

sought-after heartlands, an un-

conventional structure breaks the

skyline of regular-shaped build-

ings in its vicinity. Sky Habitat,

a 509-unit condominium in Bishan,

is renowned for its step- pyramid

architecture, the brainchild of world-

acclaimed architect Moshe Safdie,

whose works in the city state include

Marina Bay Sands and the upcoming

Jewel Changi Airport.

More than just an architec tu ral

landmark, Sky Habitat’s step-

pyramid design and permeable façade

serve to maximise cross-ventilation

and natural lighting. Marco Wong, a

resident at the project and a property

agent at HSR International Realtors,

remembers how a gust of wind top-

pled a flask of water at a barbecue

gathering he hosted last year.

“This was on the ground floor.

It is breezy throughout the develop-

ment, not just on high floors,” Wong

says. He lives on the 26th floor with

his wife Joey Tan, an arts marketing

strategist, and their five-month-old

daughter Isabelle.

Many units at Sky Habitat come

with outdoor terraces, which enable

residents to experience landed living

in the sky. Kelvin Foong, an insur-

ance claim consultant at JDK Advi-

sory, says the outdoor terrace was a

key factor in his decision to purchase

a unit at Sky Habitat.

“It is a very unique space for

outdoor gatherings with family and

friends. The closest alternative in

other condos would be a ground-

floor unit with a patio. The out-

door terraces here, however, are on

elevated levels with scenic views,”

says Foong, who lives on the 28th

floor with his wife, Elaine Chen, a

procurement director.

As part of his community- centric

design, Safdie incorporated three

sky bridges linking the two towers

at Sky Habitat. The bridges on the

14th and 26th floors were designed

as sky gardens with a range of facili-

ties, including a gymnasium, an out-

door exercise area, a karaoke room, a

movie screening room and a reading/

games lounge.

The highest sky bridge on the 38th

floor features a sky pool with a pano-

ramic view of the city and park — a

favourite spot among residents and

their guests. Sky Habitat also has a

50m lap pool and children’s pool on

the ground floor.

Completed in 2015, Sky Habitat

was jointly developed by CapitaLand,

Mitsubishi Estate Asia and Shimizu

Corp.

A plethora of amenitiesThe Foongs’ previous residence was

at Blossoms @ Woodleigh. “It took

me close to 10 minutes to walk to the

Woodleigh MRT station. Sky Habi-

tat, on the other hand, is less than

a five-minute walk from the Bishan

MRT station and Junction 8 shop-

ping mall,” Foong says. Although he

drives, he prefers to take the train if

he has to commute to the city area.

The Foongs had gone house-

hunting in River Valley before commit-

ting to their 1,733 sq ft, three- bedroom

unit at Sky Habitat. “For the same

price, we get a bigger living space at

Sky Habitat and still enjoy top-notch

convenience,” Foong points out.

Wong, on the other hand, only

had his eyes on Bishan, having grown

up in the nearby Thomson area. The

Wongs purchased their unit in 2012.

Sky Habitat was the obvious choice,

as no other condos in Bishan enjoyed

the same proximity to transit nodes

and amenities, he says.

For parents with schoolgoing

children, Sky Habitat is located in

the vicinity of reputable schools,

including Ai Tong School, Catholic

High School, Kuo Chuan Presbyterian

Primary School, Pei Chun Public

School and Raffles Institution.

Investment potentialInvestment potential was not the top

consideration for both the Wongs

and the Foongs. The families simply

wanted a liveable space they could

call home.

In the two years since they moved

into Sky Habitat, however, the prop-

erty market has evolved. “Even HDB

flats have fetched over $1 million,”

Foong notes. In January, a five-room

DBSS flat on Bishan Street 24 changed

hands at $1.18 million, setting a new

price record for public housing.

Developers’ bullish bids for land at

recent state tenders have also boost-

ed market sentiment and created

value proposition in existing pro-

jects. A residential site next to the

Woodleigh MRT station recently

fetched $1,110 psf per plot ratio,

which could translate into a launch

price of above $1,800 psf. Capita-

Land, meanwhile, paid $869 psf ppr

for the Sky Habitat site in 2011. After

a lone sale in 2016, 21 units at Sky

Habitat changed hands this year at

an average price of $1,452 psf.

“There is definitely an investment

value for a condo with a unique

product offering in a choice location,”

Wong concludes. E

Sky Habitat’s step-pyramid architecture and permeable façade serve to maximise cross ventilation and natural lighting

The Wongs at the sky garden on the 26th floor

The view from the outdoor terrace at the Foongs’ unit, where they regularly hold outdoor gatherings with family and friends

The Foongs at the sky pool on the 38th floor — a favourite spot among residents and their guests

PICT

URES

: ALB

ERT

CHUA

/THE

EDG

E SI

NG

APO

RE

THEEDGE SINGAPORE | AUGUST 14, 2017 • EP7

EP8 • THEEDGE SINGAPORE | AUGUST 14, 2017

TRANSFORMERS

The Interlace — from ageing flatsto World Building of the Year| BY FEILY SOFIAN |

When CapitaLand bought

Gillman Heights Con-

dominium in 2007, it

was unthinkable that

the ageing HUDC es-

tate on Depot Road would be trans-

formed into a vertical village that

would eventually be named World

Building of the Year. In 2015, The

Interlace beat hundreds of finalists

at the World Architecture Festival

(WAF) to clinch the prestigious prize.

Featuring 31 interlocking super-

blocks stacked on top of one an-

other, The Interlace was a reinter-

pretation of the hillside villages

of San torini in Greece, Liguria in

Italy and Al Hajjara in Yemen. Ger-

man-born architect Ole Scheeren,

one of the condo’s lead designers,

wanted to create something differ-

ent from the plain vanilla buildings

that dominate many cities.

Creative director Francis Chua, who

bought a three-bedroom unit on his

first visit to The Interlace showflat,

says he was drawn to the project’s

distinctive architecture. “The archi-

tecture is one of a kind. It piques the

interest of many people, especially

among the design community, who

marvel at how the blocks can inter-

lock with one another yet remain

functional,” he says. Chua also trust-

ed his agent’s recommendation as the

latter’s investment advice had prov-

en valuable in the past.

“The project gained international

recognition when it took the World

Building of the Year title. Even my

brother who lives in Canada knows

about the project and was pleasant-

ly surprised to find out I live there,”

Chua adds.

Game changerWAF is dubbed the Oscars of the ar-

chitectural world. To win, projects

must push boundaries in both form

and function, and exemplify the fu-

ture of cities and architecture. They

must also be deeply-rooted in the

communities they serve.

The Interlace was lauded as a trail-

blazer at WAF 2015 for its bold archi-

tecture, sustainable features and com-

munity-centric design. Scheeren has

said that the project could have been

built as 12 isolated towers. However,

he chose to take a radical approach

to “topple” the towers, making the

vertical, horizontal.

The criss-crossing blocks create

pockets of space, forcing wind to trav-

el through them and increasing their

speed. This results in a wind-tun-

nel effect that makes the develop-

ment cool and windy year- round.

Scheeren also placed water features

along the wind corridors and made

use of the water vapour to further

cool the condo.

Greenery, such as sky gardens

and planted terraces, is incorporated

in multiple locations throughout the

buildings. Together with the exten-

sive tropical foliage on the ground,

The Interlace has green spaces that

cover 112% of the site area.

The buildings envelop eight out-

door courtyards — Central Square, Wa-

ter Park, Play Hills, Spa Valley, Theatre

Plaza, Bamboo Garden, Lotus Pond

and Waterfall Terrace — providing

shade all day long. 

A 1km running track bordering

the development connects the var-

ious courtyards and gardens. The

track is well lit, making it accessi-

ble to joggers and residents even at

night. Chua says he enjoys strolling

on the track with his mother. “It is

cool and breezy in the evening and

very relaxing,” he says.

Unconventional siteThe Interlace stands on an elevated

site, nestled within a 10km stretch of

greenery, the Southern Ridges. The

project is a 10-minute drive from the

CBD and 15 minutes from the Or-

chard Road shopping belt.

The site’s unique attributes present

rare opportunities to create a bespoke

development. For this reason, Cap-

itaLand chose to partner Scheeren, who

has made global statements through

his iconic designs, such as the China

Central Television Headquarters in

Beijing, and MahaNakhon, a mixed-

use devel opment in Bangkok.

Notwithstanding the size of the

site — about 8ha — Scheeren ar-

ranged the blocks in hexagonal grids,

which allow for a generous dis tance

The Interlace stands on an elevated site, nestled within a 10km stretch of greenery, the Southern Ridges

IWAN

BAA

N

Water features are placed along the wind corridors to further cool the development

Play Hills — one of the eight outdoor courtyards at The Interlace

The Spa Valley in a rainforest setting

between each home and maximum

privacy. The site’s natural elevation

also enables more units to enjoy un-

obstructed views. 

The Interlace was jointly developed

by CapitaLand and Hotel Properties.

The 1,040-unit project was complet-

ed in 2013. Twenty units changed

hands this year at an average price

of $1,079 psf. E

PICT

URES

: SAM

UEL

ISAA

C CH

UA/T

HE E

DGE

SIN

GAP

ORE

CAPI

TALA

ND

THEEDGE SINGAPORE | AUGUST 14, 2017 • EP9

EP10 • THEEDGE SINGAPORE | AUGUST 14, 2017

TRANSFORMERS

Activities that can be enjoyed at East Coast Park include cycling, skating and watersports

About 70% of the units at Seaside Residences are sea-facing

FRAS

ERS

CEN

TREP

OIN

T

Seaside Residences — catalystfor change in the East Coast

| BY LIN ZHIQIN |

For years, many of those driving

along the East Coast Parkway

(ECP) never noticed the parcel

of land located at the junction

of Siglap Road and Siglap Link,

directly behind Victoria School. Not

until January 2016, that is. That was

when Frasers Centre point, together

with partners Japanese property de-

veloper Sekisui House and construc-

tion company Keong Hong Holdings,

topped eight bids and won the 99-

year leasehold site in a govern ment

land tender with a bid of $624.18

million, or $858 psf per plot ratio.

Some industry observers claimed

that the bid was “optimistic”. How-

ever, property consultants, such as

Desmond Sim, CBRE head of research

for Singapore and Southeast Asia,

were not surprised by the results. The

last time the government launched

a residential site with sea views in

the East Coast was in February 2001.

The 2.6ha, 99-year leasehold plot

on Marine Parade Road was award-

ed to Frasers Centrepoint, which put

in the winning bid. The project pre-

viewed as the 612-unit Cote D’Azur

in April 2002 and units sold aver-

aged $597 psf initially. Completed

in 2004, units at Cote D’Azur have

been changing hands at prices rang-

ing from $1,112 to $1,363 psf, based

on caveats lodged with URA Rea-

lis between May and July this year.

More than 15 years on, Frasers

Centrepoint was confident of its suc-

cess when it won the 207,838 sq ft

site on Siglap Link. It fronts the sea

and is adjacent to the upcoming

Siglap MRT station on the Thom-

son-East Coast Line. The project is

also a short walk to the underpass

that leads pedestrians and cyclists

to East Coast Park and the beach.

Sense of renewalWith ADDP Architects as the design

architect, the new development,

named Seaside Residences, will com-

prise four 27-storey blocks with a to-

tal of 841 condominium units and

two commercial units. About 70% of

the units are sea-facing. The project

contains a mix of one- to four-bed-

room units as well as five-bedroom

penthouses. It is therefore designed

to cater to both owner- occupiers

and investors.

When Seaside Residences pre-

viewed in early April, about 419

units (50%) were sold within the first

month at a median price of $1,736

psf. Three of the one-bedroom units

on the 24th to 26th floors saw prices

cross $2,000 psf. Two of the three

penthouses have also been sold: One

fetched $5.9 million ($1,791 psf) in

June, while the other was sold for

$5.7 million ($1,738 psf), according

to caveats lodged with URA Realis.

Beyond the sea views, and proxim-

ity to East Coast Park and the Siglap

MRT station, there is also a sense of

renewal taking place in the neigh-

bourhood. For those seeking new

condos with sea views, there are few

options in the area apart from Sea-

side Residences, which is scheduled

for completion in 2021. Hence, it is

no surprise that the project is set-

ting a benchmark in terms of prod-

uct and pricing.

Seaside Residences is likely to be

the catalyst for renewal in the neigh-

bourhood. At 27 storeys, it will also

be one of the tallest projects in the

area. On one side of Seaside Resi-

dences is Mandarin Gardens, a 99-

year leasehold condo with 1,000

units completed in 1986. On the

other side is Laguna Park, a 527-

unit privatised HUDC estate com-

pleted in 1978.

Other condos in the area were built

more than 30 years ago. They include

the 751-unit Neptune Court (1975),

which is still held under the Minis-

try of Finance portfolio; the 480-unit

Lagoon View (1977), also held by the

ministry; and the 1,093-unit Bayshore

Park, which was completed in 1986.

East Coast Park revampOne of the main attractions of living in

the Marine Parade-Siglap neighbour-

hood is its proximity to the 185ha

East Coast Park, which has a 7.5km

beachfront. Built entirely on reclaimed

land, the park has a 15km coastline

stretching from the Eastern Coastal

Loop park connector to Changi Beach

Park. There are 10 underpasses linking

East Coast Park to the other side of

the ECP expressway. Two of these

underpasses are a four- to five-min-

ute walk from Seaside Residences.

East Coast Park, built in the 1970s,

is divided into eight areas, comprising

barbecue pits; cycling and jogging

trails; fishing spots; bicycle and skate

rental kiosks; F&B outlets; a watersport

One of the main attractions of living in the Marine Parade-Siglap neighbourhood is its proximity to East Coast Park, a 185ha park with a 7.5km beachfront

centre; tennis courts; and chalets and

camp sites. On July 29, the National

Parks Board announced that East Coast

Park will be upgraded by end-2019,

with more open spaces and viewing

corridors for visitors to enjoy views

of the sea.

The site of the former Goldkist

Chalets located within the park will

be redeveloped into a cyclist park

on Singapore’s 150km Round Island

Route. The cyclist park will also be

a one-stop hub for cyclists and park

users alike, with cycle-through F&B

offerings, bicycle repair workshops

and cycling circuits.

Meanwhile, Big Splash, which

closed in 2006, will be revived as

a new water-themed activity node.

Part of the former park’s structures

will be retained and converted into a

playground that will be complement-

ed by water-play features. There will

also be lawns that can be used for

various events and activities.

At Raintree Cove, an F&B cluster

at East Coast Park, the site of the for-

mer Long Beach Seafood Restaurant

will converted into a large lawn with

a series of gardens. It will offer res-

pite from the hustle and bustle of

the adjacent Marine Cove, which has

F&B outlets and a 3,500 sq m play-

ground for children.

For foodies, East Coast Seafood

Centre, which houses renowned res-

taurant such as Jumbo Seafood and

Long Beach Seafood Restaurant, is

located within 500m of Seaside Resi-

dences. The East Coast Lagoon Food

Village is also close by.

Strong demand forall unit typesWith all the new amenities to look

forward to at East Coast Park, Seaside

Residences has seen strong demand

for all unit types from both owner-

occupiers and investors. Frasers

Centre point and its partners are look-

ing at releasing more units for sale in

4Q2017, says Jenny Ho, senior market-

ing manager at Frasers Centrepoint.

For now, there are no other avail-

able land parcels in the area, notes

Ho. Any new sale of sites in the

future will come from collective

sales. “The main draw of Seaside

Residences is scarcity of land and

the rarity of units with sea views

[in the area],” says Ho. E

The 841-unit Seaside Residences achieved 50% sales within the first month of its launch

PICT

URES

: ALB

ERT

CHUA

/THE

EDG

E SI

NG

APO

RE

THEEDGE SINGAPORE | AUGUST 14, 2017 • EP11

EP12 • THEEDGE SINGAPORE | AUGUST 14, 2017

TRANSFORMERS

Paya Lebar Quarter — gateway to Paya Lebar | BY CECILIA CHOW |

The Paya Lebar precinct around the

MRT interchange station has become

livelier. The plaza at Paya Lebar Square

is now a favourite dance area, where

crowds gather for Zumba and line

dancing. Across the road, the $150 million

redevelopment of SingPost Centre is close to

completion. It will see the retail component

of SingPost Centre almost double in size to

175,000 sq ft in net lettable area.

Meanwhile, the impending redevelopment

of the Paya Lebar Air Base will also draw more

workers, residents and visitors to the Paya

Lebar Central area.

The real game changer in the precinct,

however, is Lendlease’s $3.2 billion integrated

development, Paya Lebar Quarter (PLQ), says

Tahlil Khan, JLL regional director of markets.

“When substantially completed at end-2018,

PLQ is likely to add to the buzz in the area.”

‘Gateway to Paya Lebar’Khan sees PLQ as “the gateway to Paya Lebar”

and the foundation block of the district.

Richard Paine, managing director of PLQ,

certainly agrees. “We are witnessing exciting

new developments all around Paya Lebar. The

completion of PLQ will re-rate the area and

transform the precinct into the most centralised

regional business hub in Singapore,” he says.

PLQ sits on a 4ha site and is linked directly

to the Paya Lebar MRT interchange station. The

regeneration scheme contains three Grade-A

office towers with close to one million sq ft

of space, which are in turn linked to a stand-

alone 340,000 sq ft shopping mall and three

residential towers with 429 units.

The entire PLQ precinct has a wellness focus,

with about 100,000 sq ft dedicated to lush green

space. There are also 6m wide cycling and

walking paths within the precinct, which are

linked to five park connectors around the island.

Beyond bicycle paths, PLQ will also have end-

of-trip facilities such as secure bicycle storage

areas, shower facilities and changing rooms.

Long-term asset appreciationThe residential component of PLQ is Park

Place Residences. When the first phase was

launched on the last weekend of March, 215

out of the 429 units were sold in one day. This

translates to 50% of the total units in the pro-

ject. The average price achieved was $1,801

psf, surpassing most consultants’ initial esti-

mates of $1,700 psf.

“The long-term asset appreciation is very

attractive and that explains why the full allot-

ment of the residential units in phase 1 were

snapped up within a day,” says Paine. The

second phase of Park Place Residences will be

released at a later date, after further announce-

ments to help people better understand the

“precinct story” of PLQ, he adds.

Prospects of a revival in the private resi-

dential market after more than three years of

price declines post-TDSR (total debt servicing

ratio) means the value of Park Place Residences

is likely to be elevated, says Alice Tan, head

of research and consultancy at Knight Frank

Singapore. “Its unique selling proposition as

part of an integrated development located in

the city fringe is also likely to be enhanced.”

Emerging retail precinctLendlease is also going to inject life into the

retail scene at Paya Lebar. New retail brands and

concepts will also be introduced at PLQ, with

a focus on indoor and outdoor F&B offerings.

Apart from catering to office workers and

residents at PLQ through anchor tenants such

as FairPrice Finest and Kopitiam at the mall,

the developer intends to have a full calendar

of events year-round — from cultural and

community to pop-up activities in the public

plaza and green public spaces. These events

will anchor Paya Lebar Central and PLQ as a

destination, says Paine.

Other malls in the Paya Lebar Central

precinct include One KM Mall (more than 150

shops with over 200,000 sq ft of retail space);

Paya Lebar Square (95,000 sq ft of retail space)

and the upcoming mall at SingPost Centre

(175,000 sq ft).

However, PLQ’s larger retail footprint and direct

connectivity to the Paya Lebar MRT interchange

station, as well as being part of an integrated de-

velopment, means “it is well- positioned to har-

ness the immediate catchment of shoppers, com-

muters and office workers”, says Knight Frank’s

Tan. “The emerging retail precinct is a positive

for the area and will provide shoppers with a

wider range of offers and experiences.”

‘Future-Grade’ office spacesBeing an integrated development that is well-

connected to both the CBD and Changi Interna-

tional Airport also means PLQ has attracted a

strong pipeline of interest from tenants looking

for ‘Future-Grade’ office space, adds PLQ’s Paine.

What’s more, PLQ’s proximity to the CBD and

access to the MRT interchange station makes it

a more convenient, decentralised commercial

hub that is likely to fetch a premium in terms

of rent, reckons JLL’s Tahlil.

“Beyond just Grade-A spaces, PLQ’s future

spaces will drive performance and productivity

through people-first strategies, especially when

research has found that rents only make up

9% of a company’s business operating costs,

compared with 90% in staff-related expenses,”

says Paine.

RejuvenationMichael Tay, CBRE executive director of office

services, sees PLQ as “a catalyst” in URA’s

vision for Paya Lebar Central as a growth area.

Historic ally, Paya Lebar has been a largely

industrial area with only limited Grade-B office

stock, he notes. “PLQ is also expected to bring

to reality URA’s plans to transform Paya Lebar

into a thriving business hub that provides jobs

closer to homes, thereby reducing congestion

and commuting time to and from the CBD.”

Lendlease is not new to such regeneration

schemes. In Australia, one of its high-profile

regeneration projects is Barangaroo South in

Sydney. The area, formerly an industrial con-

tainer wharf, is today a new waterfront finan-

cial district with offices, residences and retail,

says Paine. “It’s very much like what we will

be doing with PLQ in Singapore.”

Another example is Lendlease’s International

Quarter project in London. It sits within the for-

mer Olympic Park, a legacy of the 2012 Summer

Games. “We are revitalising now- empty areas

originally built to house athletes and spectators

for the Olympics into future spaces for residents

and businesses. With plenty of green, public

spaces, it will [become] a bustling and energised

hub in a previously quieter suburb of London,”

Paine says, adding that this is similar to what

Lendlease is doing with PLQ.

Aerial view of the $3.2 billion Paya Lebar Quarter integrated development, with a mix of office, retail and residences on a 4ha site

The entire PLQ precinct has a wellness focus, with about 100,000 sq ft of the site dedicated to lush green space

The retail mall at PLQ is well-positioned to harness the immediate catchment of shoppers, commuters and office workers

Barangaroo South in Sydney was formerly an industrial container wharf. Today, it is a new waterfront financial district with offices, residences and retail outlets. E

PICT

URES

: LEN

DLEA

SE

THEEDGE SINGAPORE | AUGUST 14, 2017 • EP13

TRANSFORMERS

Tanjong Pagar Centre — what it takes to be Singapore’s tallest skyscraper| BY LIN ZHIQIN |

Malaysian tycoon Quek Leng Chan’s

Singapore-listed property giant

GuocoLand made a $1.7 billion

bet when it won the 161,703 sq

ft white site at Tanjong Pagar in

2011. Six years later, the bet has almost dou-

bled to $3.2 billion with the brand-new inte-

grated development, called Tanjong Pagar Cen-

tre, close to completion.

“The Tanjong Pagar district is historically

and culturally rich, with a distinctive blend

of modern skyscrapers and heritage conser-

vation shophouses,” says Cheng Hsing Yao,

group managing director of GuocoLand Singa-

pore. “However, the area lacked a focal point.”

Tanjong Pagar Centre is the new focal point.

At a height of 290m, it is Singapore’s tallest

skyscraper. The development is designed by

Skidmore, Owings & Merrill, the architectur-

al firm behind many of the world’s leading

skyscrapers, including Burj Khalifa in Dubai,

Trump International Hotel & Tower in Chicago

and Busan Lotte Town Tower in Busan.

Integrated developmentAn integrated development, Tanjong Pagar

Centre sits on top of the Tanjong Pagar MRT

station. It comprises the 38-storey Guoco Tow-

er, which has 890,000 sq ft of Grade-A office

space; 181 luxury residences called Wallich

Residence, on the 39th to 64th storeys; the

222-room Sofitel Singapore City Centre hotel;

100,000 sq ft of retail space across six storeys

that is seamlessly linked to the MRT station;

and a 150,000 sq ft urban park.

Tanjong Pagar Centre is a landmark and also

a counterpoint to Singapore’s existing CBD, as

well as the future Greater Southern Waterfront.

The Greater Southern Waterfront is made up of

land that will be freed up following the relo-

cation of the port operations from Tanjong Pa-

gar, Pasir Panjang and Keppel terminals to Tuas.

At close to 1,000ha, the freed-up area is about

three times the size of Marina Bay.

Artist’s impression of the urban park, which has a 32,000 sq ft public event space

Tanjong Pagar Centre by GuocoLand is the tallest skyscraper in Singapore at 290m

PICT

URES

: GUO

COLA

ND

Wallich Residence is located 180m above sea level, on the 39th to 64th floors of Tanjong Pagar Centre

Artist’s impression of the observation platform on Level 62 of Wallich ResidenceE

Tanjong Pagar Centre’s 38-storey

Guoco Tower with Wallich

Residence above it

Even though only two of the four components

within Tanjong Pagar Centre have started operat-

ing — the office space at Guoco Tower and the

retail/F&B podium — there are already 70,000

office workers and visitors passing through the

development daily. “Tanjong Pagar Centre has

introduced many best-in-class facilities to the

area and attracted many MNCs, office workers

and visitors,” says GuocoLand’s Cheng.

The urban park at Tanjong Pagar Centre is

already partially open to the public, with the

entire park to be completed by year-end. The

highlight is the 32,000 sq ft event space that

can accommodate 2,000 people. A series of

activities such as mass fitness exercises, cul-

tural events, musical performances and arti-

sanal markets will be held at the park when it

is opened, according to GuocoLand.

Coveted office addressThe office space at Guoco Tower is already 93%

leased, with a wide range of well- recognised

names as tenants. They include AccorHotels

Group, global IT group Amadeus, travel book-

ing website Agoda and ride-hailing giant Uber.

Other MNCs include sports equipment com-

pany Asics, ING Bank, food company Danone

and Norway’s largest financial services group

DNB Bank.

The six-storey retail space at Tanjong Pagar

Centre is already 95% taken up. The basement

and first level are linked to the MRT station

and the shops at Tanjong Pagar Xchange. In-

teresting F&B outlets in the basement and first

levels of the retail podium include Japan Rail

Café and Kuro Maguro by Misaki Megumi Sui-

san, a wholesaler of maguro (tuna) and sashi-

mi in Japan’s Kanagawa Prefecture.

Other tenants include SBCD Korean Tofu

House, with a menu comprising organic tofu-

specialised and health-oriented dishes; modern

concept French and Asian-style bakery, Proofer

Boulangerie; and ROYCE, the famous Japanese

chocolatier from Sapporo. The sixth level is oc-

cupied by Virgin Active, which takes up 31,000

sq ft of space.

Wallich Residence sets new benchmark in Tanjong PagarWallich Residence, which takes its name from Wal-

lich Street — the street fronting the development

— is Singapore’s tallest residential development,

according to GuocoLand. The 181 residences

comprise one- to four-bedroom units.

Even before its official launch, 19 units to-

talling $48 million were sold, based on caveats

lodged with URA Realis as at Aug 8. In terms

of psf price, it translates into an average price

of $3,091 psf, a new price benchmark for the

Tanjong Pagar area.

Within Wallich Residence are four pent-

houses and a super penthouse. The super

penthouse is a 21,108 sq ft triplex spanning

the 62nd to 64th floors. It contains five bed-

rooms, including the master and junior mas-

ter suites, private pool, cabana, Jacuzzi and

an entertainment space on the top-most level.

The penthouse will enjoy panoramic city views

and is tagged at $108 million, or over $5,000

psf. If the price is achieved, it will set a new

record in Singapore’s luxury residential space.

Purchasers of the other units will be able

to enjoy the view from the observation deck

on the 62nd level. Other amenities within the

residential tower include an infinity pool on

the 39th floor, a private library on the 52nd

floor and hotel-style concierge service.

SAM

UEL

ISAA

C CH

UA/T

HE E

DGE

SIN

GAP

ORE

EP14 • THEEDGE SINGAPORE | AUGUST 14, 2017

THEEDGE SINGAPORE | AUGUST 14, 2017 • EP15

EP16 • THEEDGE SINGAPORE | AUGUST 14, 2017

TRANSFORMERS

Sim Lian’s Hillion — offering the right mix at Bukit Panjang| BY LIN ZHIQIN & TAN CHEE YUEN |

Hillion is Sim Lian Group’s first mixed-

use development in Singapore. Hill-

ion Residences — which has 546 units

in three 22-to-23 storey blocks — sits

on top of the four-storey Hillion Mall,

which has 174,730 sq ft of retail space. The

residences and mall are linked directly to the

Bukit Panjang MRT and LRT stations as well

as bus interchange.

Since the mall opened in February, it has be-

come “the pulse of Bukit Panjang”, according

to Sim Lian, as it caters to more than 220,000

residents and 760,000 commuters in one of the

fastest-growing neighbourhoods.

Hillion Mall has about 100 shops, where

over 90% having been taken up. As with most

malls today, about 30% of the retail space is

dedicated to F&B outlets. Eateries new to Sin-

gapore that debuted at Hillion Mall include Ha-

Jun Korean restaurant, Kowloon Bay HK Café

and Yuba Hut, a restaurant that serves tradi-

tional Japanese cuisine with a modern twist.

Anchor tenants include a Kopitiam food court

with 19 food stalls; a 24-hour NTUC FairPrice

supermarket; Amore Fitness & Boutique Spa

and Japanese electronics retailer Best Denki.

Bringing life to the neighbourhoodOn the second level of Hillion Mall are childcare

and enrichment centres such as PCF Sparkle-

tots Preschool, Cristofori Music School, dance

studio Dancepointe Academy and children’s

art studio, Artary. Other services on this level

include Du Yi Bookshop, Raffles Medical and

Raffles Dental.

Enhancing convenience for commuters are

the MRT and LRT stations, which are linked

directly to Hillion Mall via bridges and an un-

derpass. The new air-conditioned Bukit Pan-

jang Bus Interchange is expected to draw

more visitors to the mall, Sim Lian says. On

Aug 8, LTA announced that the Bukit Panjang

Integrated Transport Hub would be officially

opened on Sept 4.

In an effort to increase vibrancy at the mall,

the developer has been organ ising events such

as Zumba dance classes, carnivals and kids’

fiestas at the open air plaza, says Sim Lian’s

senior marketing manager, Mabel Tan.

Hillion Residences close to 90%-soldSince the mall opened, sales of Hillion Residen-

ces have picked up pace. To date, it is close to

Hillion is Sim Lian Group’s first integrated development in Singapore. Hillion Residences and Hillion Mall are linked to the Bukit Panjang MRT and LRT stations and bus interchange.

Crowds gather for a weekly Zumba dance event at Hillion’s plazaOnly one-bedders (pictured) and penthouses are still available for sale at Hillion Residences

SAM

UEL

ISAA

C CH

UA/T

HE E

DGE

SIN

GAP

ORE

PICT

URES

: SIM

LIA

N G

ROUP

E

90% sold. Of the 546 units in the project, about

60% (328 units) are one-bedders sized between

463 and 549 sq ft. Another 30% (164 units) are

two-bedders of 710 to 872 sq ft. The remain-

der are a mix of three- and four-bedroom units

ranging from 1,163 to 1,410 sq ft. There are also

18 five-bedroom, duplex penthouses, and these

are from 2,616 to 3,208 sq ft.

Of the units still available, 45 are one-bed-

ders priced from $1,300 psf, and 17 are pent-

houses priced from $1,027 psf.

Based on caveats lodged with URA Realis as

at Aug 8, the average price achieved for Hillion

Residences is $1,394 psf, which is at a premi-

um to other condominium projects in the area.

The residential units at Hillion Residences ap-

peal to both owner- occupiers and investors.

“As Hillion Residences is an inte grated de-

velopment, the excellent transport connectivity

and convenience of Hillion Mall means tenants

will find the project attractive, and landlords

should find it easier to rent out their units,”

says Eugene Lim, key executive officer of ERA

Realty Network.

THEEDGE SINGAPORE | AUGUST 14, 2017 • EP17

EP18 • THEEDGE SINGAPORE | AUGUST 14, 2017

TRANSFORMERS

Lloyd Sixtyfive — enhancing streetscape through design| BY CECILIA CHOW |

Some distance from the bustling shop-

houses on Killiney Road is the quiet

enclave of Lloyd Road, which in turn

leads to Oxley Road, where the late Lee

Kuan Yew, Singapore’s founding prime

minister, was once a resident.

The newest condominium project on Lloyd

Road is Lloyd Sixtyfive, which was developed

by TG Development and completed in 2016.

The developer had purchased the 35,639 sq

ft, freehold site at 65 Lloyd Road in 2010 for a

reported sum of $137 million in a deal brokered

by CBRE. Back then, there was a 27-unit apart-

ment block called Meng Garden Apartments

on the site. “When we first came to inspect

the site, we fell in love with it immediately,”

recounts Ong Boon Chuan, TG Development’s

executive chairman and CEO.

Design inspired by contrastsThe main lure of the area is its contrasts: a quiet

street just off a busy one with the convenience

of the Orchard Road malls and the Somerset

MRT station a few minutes’ walk away. There

are also a 24-hour FairPrice super market and a

variety of food options, including the original

Killiney Kopitiam, founded in 1919, which still

stands here. “Being located next to Oxley Road

also enhances the prestige of Lloyd Sixtyfive’s

address,” Ong adds.

TG Development appointed award-winning

architect Mok Wei Wei of W Architects to design

Lloyd Sixtyfive. The interesting contrasts of the

neighbourhood also influenced the design of

the project. From the street, passers-by will

not be able to glimpse what lies beyond the

delibe rately minimalist façade of the develop-

ment. “But once you step in, you will be sur-

prised,” says Mok. “It’s a delayed revelation.”

Units at Lloyd Sixtyfive are arrayed in two

L-shaped, 10-storey blocks to create an internal

courtyard. This maximises the views from the

units: Occupants either have a view of the court-

yard or the quiet residential street which the

condo fronts. The courtyard has been designed

as “an intimate communal space”, with a layered

landscape of lush plantings, swimming pools,

Jacuzzi, pool decks and cabanas, according to

W Architects.

Setting a new benchmarkAlthough a boutique development, Lloyd

Sixtyfive’s loft-style apartments have a wide

range of configurations. The one-bedroom

units are from 592 to 603 sq ft, and those on

the first level with private enclosed space are

from 861 to 990 sq ft. There are also one-bed-

room lofts with a double-volume ceiling in the

living area, and these are from 872 to 904 sq

Units at Lloyd Sixtyfive overlooking the courtyard, which has lush greenery, swimming pools and cabanas

The show suite of a one-bedroom-plus-study at Lloyd Sixtyfive. A similar 710 sq ft unit was sold at a new benchmark price of $2.02 million, or $2,842 psf.

The two-bedroom-plus-study loft apartment with a double-volume ceiling in the living room at Lloyd Sixtyfive

The Oliv on Balmoral Road has a dramatic façade featuring curved sky terraces

ft. The one-bedroom-plus-study units range

from 710 to 1,055 sq ft for the loft apartments.

Close to half the units at Lloyd Sixtyfive are

two-bedroom-plus-study loft apartments, and

these are from 1,668 to 1,701 sq ft. There is

also a range of three-bedroom units, starting

from 1,733 sq ft, to three-bedroom-plus-study

loft apartments of 2,422 sq ft. The three-bed-

room loft penthouses are a generous 3,638 sq ft.

The latest transaction at Lloyd Sixtyfive

was for a 710 sq ft, one-bedroom-plus-study,

sold last month for $2.02 million, or $2,842

psf — the highest per sq ft price achieved in

the project as well as the Killiney Road-Lloyd

Road-Oxley Road area, based on caveats

lodged to date.

This brings total sales at Lloyd Sixtyfive to

11 units as at Aug 8. Interest in the project has

picked up in recent months, and so has the

number of enquiries, notes TG Development’s

Ong. As such, the developer is offering a

15%+3% discount to buyers. “With the posi-

tive market sentiment, we expect to have some

price adjust ments soon,” he adds.

Architectural drama on BalmoralTG Development’s other new condo project,

The Oliv on Balmoral Road, is also designed

by W Architects. The 12-storey residential pro-

ject contains just 23 units, and was completed

in 2014.

The Oliv has dramatic curved sky terraces.

The lush greenery and use of different materials

— off-form concrete, timber strips of natural

balau wood and perforated aluminium screens

— create an interesting, textured façade.

There are only two units per floor and they

share a sky terrace. However, the sky terraces

are deliberately curved upward or downward

where the bedrooms of the units are, so residents

will have privacy.

‘Bungalows in the sky’W Architect’s Mok describes the units as

“ bungalows in the sky”. The spacious four-

bedroom units feature double-volume ceiling.

The sky villas are 3,337 sq ft, the garden units

are sized at 4,446 and 4,908 sq ft, and the pent-

houses are 5,414 and 6,125 sq ft.

TG sold four units at The Oliv between

July 2009 and September 2010, and decided

to hold the remaining units for rent. Prices

then ranged from $7.48 million ($2,242 psf)

to $8.6 million ($2,579 psf) for the 3,377 sq ft

sky villas on the fifth to seventh floors, while

a 4,446 sq ft garden unit fetched $11.06 mil-

lion ($2,488 psf). “We have taken The Oliv off

the market for some time. We intend to put it

back on the market for sale within this year,”

says TG Development’s Ong.

Both The Oliv and Lloyd Sixtyfive demon-

strate that even boutique condo developments

can elevate their neighbourhoods and set new

benchmarks in terms of design and prices.

“TG Development takes pride in delivering

well-considered designs and architecture,”

adds Ong. “Through our projects, we hope to

enhance the streetscape, thereby making the

neighbourhood more pleasant.” E

PICT

URES

: TG

DEV

ELO

PMEN

T

THEEDGE SINGAPORE | AUGUST 14, 2017 • EP19

EP20 • THEEDGE SINGAPORE | AUGUST 14, 2017

TRANSFORMERS

Alex Residences — drawing buyers with panoramic views

| BY ANGELA TEO |

The Alexandra neighbourhood is among

the city fringe areas that have under-

gone the most dramatic transforma-

tions. Among its many attractions are

its proximity to the Good Class Bun-

galow estate of Jervois Road, the trendy cafés

and rustic charm of Tiong Bahru, the CBD,

Orchard Road and Robertson Quay.

The most transformed is the area that’s now

called Alexandra View, fronting the Redhill

MRT station. It used to be part of the Prince

Charles Crescent HDB estate. However, the old

HDB slab blocks with void deck shops have

since been demolished.

The government started offering 99-year

leasehold land parcels at Alexandra View for

sale 12 years ago. The first sale of a develop-

ment land parcel at Alexandra View was in

2005, and it was purchased by a joint ven-

ture between CapitaLand and Lippo Group.

The new project on the site was launched as

the 382-unit The Metropolitan condomini-

um in November 2006 at an average price of

$780 psf. The project was completed in 2009.

Today, there are five condos with a total of

2,092 units that bear the Alexandra View ad-

dress, the latest being the 400-unit Artra, which

was launched in May. Artra, a mixed-use de-

velopment, will contain a supermarket, child-

care centre and 16 commercial shops linked

to the Redhill MRT station.

Scaling new heightsTo be completed by 4Q2017 is Alex Residences

by Singapore Land. The 40-storey

condominium tower consists of 429 units.

Launched in November 2013, the project is

more than 85% sold so far.

About 53% (228) are three-bedroom

units of 883 to 1,141 sq ft. About 27% (114) are

two-bedders of 657 to 678 sq ft, and 87 units are one-bedders of 474 to 506 sq ft.

Units typically have a floor-to-ceiling height

of 3m. Those from the 39th floor onwards

have loft-like spaces and a 4.6m ceiling

height. Finishings and fittings include De

Dietrich kitchen appliances and bathroom

accessories from Hansgrohe and Laufen.In order to maximise access to the

panoramic views at the top, the developers

did away with the usual penthouses at the

highest level. “It was a bold move to

introduce an open roof terrace with

communal facilities and a signature rooftop

pool with magnificent views of the city,”

says a Singapore Land spokesperson.

The facilities on the 40th floor — the

37m swimming pool, Jacuzzi, party

lounge and sky garden — are accessible to

all residents. “It’s a somewhat miniature

edition of Marina Bay Sands’ Sky Park,”

says Rick Wee, associate senior division

director at Huttons Asia.

The tower has been orientated such that

units above the 30th floor generally will have

unobstructed views, adds Wee. Those facing

east will enjoy views of Marina Bay and

Orchard, those facing the south will command

views of Reflections at Keppel Bay and units

facing the north will overlook the Good Class

Bungalow neighbourhood of Jervois Road and

Bukit Timah Hill and Nature Reserve.

Premium pricingAs such, units from the 26th to 39th floors

have been sold at $1,877 to $2,164 psf, based

on caveats lodged in July. Transactions at Alex

Residences have also picked up since March.

Huttons’ Wee attributes this to the project’s

nearing completion, and the bullish land bids

at recent government land tenders.

The buyers are predominantly young cou-

ples, especially professionals working in the

CBD and Tanjong Pagar district, as well as in-

vestors. Alex Residences is also attractive as

it is located within a short walk of the Redhill

MRT station and yet is not affected by the noise

of the passing trains.

In terms of potential rental fees, Huttons’ Wee

suggests using the neighbouring 508-unit Eche-

lon as a guide. This means one-bedroom units

at Alex Residences could potentially achieve

monthly rental rates of about $2,600, two-bed-

room units, about $3,420, and three-bedroom

units, of about $4,120. Echelon was completed

last November and, to date, only one of the four

penthouses in the development is still available.

All other units have been sold.

The 40-storey Alex Residences is designed by P&T Architects & Engineers

Rooftop swimming pool at Alex Residences, with views of Marina Bay and Orchard

The 360-degree vista of the skyline found at the roof level is accessible to all residents

PICT

URES

: SAM

UEL

ISAA

C CH

UA/T

HE E

DGE

SIN

GAP

ORE

E

THEEDGE SINGAPORE | AUGUST 14, 2017 • EP21

GAINS AND LOSSES

E

Ardmore Park unit sold for $2.9 mil gain

Top 10 gains and losses from July 25 to Aug 1

URA

, THE

EDG

E PR

OPE

RTY

Most profi table deals

PROJECT DISTRICT AREA (SQ FT) SOLD ON (2017) SALE PRICE ($ PSF) BOUGHT ON PURCHASE PRICE ($ PSF) LOSS ($) LOSS (%) ANNUALISED LOSS (%) HOLDING PERIOD (YEARS)

1 Turquoise 4 2,153 July 27 1,417 Dec 4, 2007 2,616 2,581,150 46 6 9.7

2 St Regis Residences Singapore 10 2,120 July 28 2,122 March 28, 2007 2,667 1,154,880 20 2 10.3

3 Lucida 11 1,324 July 28 1,322 July 11, 2011 1,600 368,400 17 3 6.1

4 The Seafront On Meyer 15 1,604 Aug 1 1,683 May 24, 2007 1,882 319,000 11 1 10.2

5 The Lincoln Residences 11 1,841 July 27 1,630 Jan 23, 2013 1,787 290,000 9 2 4.5

6 Nassim Jade 10 1,841 July 31 2,309 June 3, 2011 2,445 250,000 6 1 6.2

7 The Sail @ Marina Bay 1 893 July 26 1,673 July 30, 2012 1,925 225,000 13 3 5.0

8 The Metz 9 570 July 27 2,419 Nov 14, 2014 2,717 170,000 11 4 2.7

9 Draycott Eight 10 1,701 July 31 1,470 May 11, 2006 1,558 150,000 6 1 11.2

10 Botannia 5 1,076 July 28 1,143 Oct 5, 2012 1,208 70,000 5 1 4.8

Note: Computed based on URA caveat data as at Aug 8 for private non-landed houses transacted between July 25 and Aug 1. The profit-and-loss computation excludes transactions costs such as stamp duties.

PROJECT DISTRICT AREA (SQ FT) SOLD ON (2017) SALE PRICE ($ PSF) BOUGHT ON PURCHASE PRICE ($ PSF) LOSS ($) LOSS (%) ANNUALISED LOSS (%) HOLDING PERIOD (YEARS)DISTRICT SOLD ON (2017) BOUGHT ON LOSS ($) ANNUALISED LOSS (%)

Non-profi table deals

PROJECT DISTRICT AREA (SQ FT) SOLD ON (2017) SALE PRICE ($ PSF) BOUGHT ON PURCHASE PRICE ($ PSF) PROFIT ($) PROFIT (%) ANNUALISED PROFIT (%) HOLDING PERIOD (YEARS)

1 Ardmore Park 10 2,885 July 25 3,051 Nov 18, 2006 2,045 2,900,000 49 4 10.7

2 Park House 10 1,572 July 27 1,782 Feb 27, 1999 605 1,850,000 195 6 18.4

3 The Cosmopolitan 9 1,679 July 26 2,001 April 6, 2005 1,095 1,520,991 83 5 12.3

4 The Sovereign 15 3,305 Aug 1 1,801 Jan 6, 1997 1,453 1,150,000 24 1 20.6

5 Kensington Park Condominium 19 1,668 July 27 1,099 Sept 18, 1998 479 1,033,000 129 4 18.9

6 Varsity Park Condominium 5 2,013 July 31 907 May 6, 2005 400 1,020,445 127 7 12.2

7 Mera Woods 23 1,938 July 27 1,027 Feb 1, 1999 506 1,010,000 103 4 18.5

8 Pacific Mansion 9 1,528 July 26 1,184 March 1, 1997 563 950,000 110 4 20.4

9 Cote D’azur 15 1,389 July 27 1,282 April 25, 2005 598 950,000 114 6 12.3

10 Oleanas Residence 9 1,141 July 28 1,534 Jan 6, 2006 714 935,000 115 7 11.6

| BY TAN CHEE YUEN |

The most profitable deal this

week was the sale of a 10th

floor unit at Ardmore Park

condominium for $8.8 mil-

lion ($3,051 psf), according

to a caveat lodged on July 25. This

marks the seventh transaction at the

condo this year where prices have

crossed the $3,000 psf threshhold.

It is not surprising why, despite its

age (16 years), the 330-unit Ardmore

Park continues to be the bellwether

for the luxury condo market.

The 10th floor unit that was recent-

ly sold for $8.8 million last changed

hands for $5.9 million ($2,045 psf)

just over a decade ago, according to

a caveat lodged in November 2006.

This translates into a 49% gain over

a holding period of almost 11 years,

or an annualised gain of 4%.

Developed by Wheelock Proper-

ties, Ardmore Park has three 30-storey

towers sitting on a sprawling eight-

acre freehold site. All the units in the

development are identical four-bed-

room apartments of 2,885 sq ft, ex-

cept for the penthouses on the 29th

floor, which are 8,740 sq ft in size.

This year alone, there have been

11 transactions at Ardmore Park, of

which nine saw profits averaging $3.11

million. The biggest profit achieved

this year was for a four-bedroom unit

that saw a gain of $4.6 million, after

a holding period of 14 years. It was

sold for $9.5 million ($3,293 psf) on

Feb 9. The previous owner had pur-

chased it for $4.9 million ($1,699

psf) in September 2002.

Turquoise is a 99-year leasehold development that contains 91 units and was complet-ed in 2010. Find the most affordable listing in the project at edgepr.link/Turquoise

Ardmore Park is a 330-unit condo project that sits on an eight-acre freehold land site in prime District 10. Find the most affordable listing in the project at edgepr.link/ edgepr.link/ArdmorePark.

Park House is a freehold 56-unit

apartment block completed in 1970,

and contains predominantly three-bed-

room units of 1,572 sq ft. It is locat-

ed along Orchard Boulevard, adja-

cent to YTL Singapore’s upcoming

luxury project 3 Orchard-by-the-Park,

and Pontiac Land’s Hana.

A 1,572 sq ft unit on the sixth

floor changed hands for $2.8 mil-

lion ($1,782 psf), according to a ca-

veat lodged on July 27. This unit last

fetched $950,000 ($605 psf) in Feb-

ruary 1999. Hence, the seller saw

prices more than triple over the past

18 years, translating into a profit of

195%, or 6% per annum over 18

years. This marked the second most

profitable deal done over the week

of July 25 to Aug 1.

The third most profitable deal in-

volved a 1,679 sq ft, four-bedroom

unit on the 25th floor of The Cosmo-

politan, a 228-unit, freehold condo

along Kim Seng Road. The project was

also developed by Wheelock Prop-

erties and was completed in 2008.

The 25th floor unit was sold for

$3.36 million ($2,001 psf), according

to a caveat lodged on July 26. The

unit last changed hands for $1.84 mil-

lion ($1,095 psf) in April 2005. This

translates into an 83% profit, or 5%

per annum over a 12-year period.

The previous owner of a 2,153 sq

ft, three-bedroom unit at Turquoise

in Sentosa Cove did not fare as well.

The unit was sold for $3.05 million

($1,417 psf), according to a caveat

lodged on July 27. This is a mark-

down of 45.8% from the $5.63 mil-

lion ($2,616 psf) purchase price in De-

cember 2007. Turquoise is a 99-year

leasehold development that contains

91 units and was completed in 2010.

Another transaction where the

owner did not register a profit was

at St Regis Residences. The owner

of a 2,120 sq ft four-bedroom unit

on the eighth floor sold it for $4.5

million ($2,122 psf), according to a

caveat lodged with URA Realis. The

unit had been purchased for $5.65

million ($2,667 psf) over a decade

ago in March 2007. The 173-unit St

Regis Residences Singapore is a 999-

year leasehold luxury condo com-

pleted in 2008.

PICT

URES

: SAM

UEL

ISAA

C CH

UA/T

HE E

DGE

SIN

GAP

ORE

EP22 • THEEDGE SINGAPORE | AUGUST 14, 2017

EVENT

The Edge Property celebrates secondanniversary, rebrands as EdgeProp

| BY ANGELA TEO |

The Edge Property Singapore celebrated

its second anniversary on Aug 4 with

about 200 guests at a party at Skysuites

@ Equinox on Level 69 of Swissôtel

the Stamford.

More importantly, the event marked the

rebranding of The Edge Property as EdgeProp.

“The new name is edgier and has a higher

brand recall among users and stakeholders, yet

retains the essence of The Edge brand,” says

Bernard Tong, CEO of EdgeProp Singapore,

at the party.

Over the past 12 months, the number of

users at The Edge Property Singapore web-

site has grown by 56%. Social media engage-

ment on the website is 2.5 times that of its

closest competitor, Tong says. From securing

an average of 4,000 leads a month for agents

and developers in its first year, the portal now

secures 14,000 leads a month.

“As the number of users and business traf-

fic grows, the number of business partners we

work with has doubled,” adds Tong, who also

unveiled version 4.0 of the new EdgeProp.sg

website, which reflects the company’s new tag-

line, “Property Personalised”. “We have spent

a lot of time trying to understand our users

and their search behaviour.”

The new EdgeProp.sg will have features that

allow people to search for properties below Guests at the second anniversary party, held at Skysuites @ Equinox on Level 69 of Swissôtel the Stamford

Tong addresses the crowd at the second anniversary celebrationAn EdgeProp.sg user examining the website and its new features

From left: Bukit Sembawang Estates marketing manager Dylan Yip, EdgeProp Singapore editor Cecilia Chow, MCC Land deputy marketing director Eunice Lau, and Bukit Sembawang Estates senior marketing manager Jenny Liu

Guests from OrangeTee: senior associate district director Ryan Tan, senior associate executive director Gary Chua, managing director Steven Tan and associate district director William Lee

PICT

URES

: SAM

UEL

ISAA

C CH

UA/T

HE E

DGE

SIN

GAP

ORE

THEEDGE SINGAPORE | AUGUST 14, 2017 • EP23

EVENT

Tong Eng Group marketing manager Darren Lim, Savills Singapore head of research and consultancy Alan Cheong, EdgeProp Singapore head of research Feily Sofian and Tong Eng Group leasing and asset management executive Samuel Toh

valuation or those with the highest rental yields.

It has a new tool that calculates the probabili-

ty of a project being put up for collective sale.

Tong notes that 44% of the users at EdgeProp.

sg are investors and 45% are owner-occupiers.

Potential tenants make up the remaining 11%.

The new EdgeProp.sg is able to provide person-

alised content, features and property searches

suited to a user’s needs and budgets, thereby

optimising his or her experience.

For instance, an investor with a $2 million

budget looking for properties in the prime dis-

tricts will have a very different user experience

from a tenant with a monthly budget of $2,000

looking to rent an apartment in Tampines.

“EdgeProp.sg will be able to curate proper ties

and content for different users based on their

searches and interests,” says Tong. “ Moving for-

ward, we will continue to focus on producing

and delivering quality content, and enhancing

user experience on the website.”

WEZERT director Josephine Chen and OrangeTee senior team director Jamie Yoeng

EdgeProp Singapore sales strategist Han Yaoguang with guests from World Class Global — sales and marketing executives Low Chee Wee and Rachel Lim, and senior sales and marketing manager Sherrine Goh

Lendlease assistant development manager of Paya Lebar Central Chen Shu Ying, EdgeProp Singapore head of research Feily Sofian, National University of Singapore Associate Professor at the School of Design & Environment Yu Shi Ming, and Lendlease development executive of Paya Lebar Quarter Sarah Tan

EdgeProp Singapore senior business development executive Shermie Tee (third from right) with guests from PropNex Realty: associate division directors Leena Ng and Roger Tay, division director Novan Ng, associate branch director Sam Lim, branch district director James Gan and branch senior associate marketing director Dianne Ng

Tong: EdgeProp.sg will be able to curate properties and content for different users based on their searches and interests

E

ALBE

RT C

HUA/

THE

EDG

E SI

NG

APO

RE

EP24 • THEEDGE SINGAPORE | AUGUST 14, 2017

Singapore — by postal district

LOCALITIES DISTRICTSCity & Southwest 1 to 8Orchard/Tanglin/Holland 9 and 10Newton/Bukit Timah/Clementi 11 and 21Balestier/MacPherson/Geylang 12 to 14East Coast 15 and 16Changi/Pasir Ris 17 and 18Serangoon/Thomson 19 and 20West 22 to 24North 25 to 28

Residential transactions with contracts dated July 25 to Aug 1

District 1 MARINA BAY RESIDENCES Condominium 99 years July 26, 2017 710 1,500,000 - 2,111 2010 ResaleMARINA BAY RESIDENCES Condominium 99 years July 25, 2017 732 1,460,000 - 1,995 2010 ResaleMARINA ONE RESIDENCES Apartment 99 years July 25, 2017 1,130 2,536,500 - 2,244 Uncompleted New SaleTHE SAIL @ MARINA BAY Apartment 99 years July 26, 2017 893 1,495,000 - 1,673 2008 ResaleDistrict 2 SKYSUITES@ANSON Apartment 99 years August 01, 2017 700 1,481,550 - 2,118 2014 ResaleSKYSUITES@ANSON Apartment 99 years August 01, 2017 366 921,400 - 2,518 2014 ResaleSKYSUITES@ANSON Apartment 99 years July 28, 2017 667 1,303,900 - 1,954 2014 ResaleSPOTTISWOODE SUITES Apartment Freehold July 29, 2017 786 1,717,000 - 2,185 2017 New SaleSPOTTISWOODE SUITES Apartment Freehold July 27, 2017 840 1,708,000 - 2,034 2017 New SaleSPOTTISWOODE SUITES Apartment Freehold July 26, 2017 1,033 1,895,000 - 1,834 2017 New SaleDistrict 3 ALEX RESIDENCES Apartment 99 years July 30, 2017 474 1,008,729 - 2,130 Uncompleted New SaleALEX RESIDENCES Apartment 99 years July 30, 2017 1,023 2,025,000 - 1,980 Uncompleted New SaleALEX RESIDENCES Apartment 99 years July 29, 2017 474 991,000 - 2,092 Uncompleted New SaleALEX RESIDENCES Apartment 99 years July 29, 2017 1,044 2,050,000 - 1,963 Uncompleted New SaleALEX RESIDENCES Apartment 99 years July 25, 2017 904 1,700,000 - 1,880 Uncompleted New SaleARTRA Apartment 99 years July 29, 2017 1,227 1,814,999 - 1,479 Uncompleted New SaleARTRA Apartment 99 years July 26, 2017 1,044 1,857,999 - 1,780 Uncompleted New SaleCOMMONWEALTH TOWERS Condominium 99 years July 30, 2017 1,076 1,620,000 - 1,505 Uncompleted New SaleCOMMONWEALTH TOWERS Condominium 99 years July 30, 2017 474 898,000 - 1,896 Uncompleted New SaleCOMMONWEALTH TOWERS Condominium 99 years July 30, 2017 463 908,000 - 1,962 Uncompleted New SaleCOMMONWEALTH TOWERS Condominium 99 years July 29, 2017 463 908,000 - 1,962 Uncompleted New SaleCOMMONWEALTH TOWERS Condominium 99 years July 28, 2017 1,076 1,698,000 - 1,577 Uncompleted New SaleCOMMONWEALTH TOWERS Condominium 99 years July 28, 2017 753 1,358,000 - 1,802 Uncompleted New Sale

LAND AREA/ NETT UNIT FLOOR AREA TRANSACTED PRICE PRICE COMPLETION TYPE OFPROJECT PROPERTY TYPE TENURE SALE DATE (SQ FT) PRICE ($) ($) ($ PSF) DATE SALE

COMMONWEALTH TOWERS Condominium 99 years July 27, 2017 474 898,000 - 1,896 Uncompleted New SaleCOMMONWEALTH TOWERS Condominium 99 years July 27, 2017 474 898,000 - 1,896 Uncompleted New SaleCOMMONWEALTH TOWERS Condominium 99 years July 27, 2017 463 898,000 - 1,940 Uncompleted New SaleCOMMONWEALTH TOWERS Condominium 99 years July 27, 2017 700 1,328,000 - 1,898 Uncompleted New SaleCOMMONWEALTH TOWERS Condominium 99 years July 25, 2017 1,076 1,808,000 - 1,680 Uncompleted New SaleCOMMONWEALTH TOWERS Condominium 99 years July 25, 2017 463 898,000 - 1,940 Uncompleted New SaleHIGHLINE RESIDENCES Condominium 99 years July 28, 2017 915 1,773,000 - 1,938 Uncompleted New SaleHIGHLINE RESIDENCES Condominium 99 years July 27, 2017 915 1,727,000 - 1,888 Uncompleted New SalePEARL BANK APARTMENT Apartment 99 years July 25, 2017 1,755 1,530,000 - 872 1976 ResalePRINCIPAL GARDEN Condominium 99 years July 30, 2017 786 1,325,000 - 1,686 Uncompleted New SalePRINCIPAL GARDEN Condominium 99 years July 29, 2017 484 833,000 - 1,720 Uncompleted New SalePRINCIPAL GARDEN Condominium 99 years July 26, 2017 495 858,000 - 1,733 Uncompleted New SaleQUEENS PEAK Condominium 99 years July 30, 2017 775 1,219,920 - 1,574 Uncompleted New SaleQUEENS PEAK Condominium 99 years July 30, 2017 807 1,377,000 - 1,706 Uncompleted New SaleQUEENS PEAK Condominium 99 years July 30, 2017 495 871,380 - 1,760 Uncompleted New SaleQUEENS PEAK Condominium 99 years July 29, 2017 441 822,970 - 1,865 Uncompleted New SaleQUEENS PEAK Condominium 99 years July 29, 2017 441 792,070 - 1,795 Uncompleted New SaleQUEENS PEAK Condominium 99 years July 29, 2017 807 1,357,720 - 1,682 Uncompleted New SaleQUEENS PEAK Condominium 99 years July 29, 2017 441 814,730 - 1,846 Uncompleted New SaleQUEENS PEAK Condominium 99 years July 29, 2017 624 1,083,240 - 1,735 Uncompleted New SaleQUEENS PEAK Condominium 99 years July 28, 2017 807 1,342,290 - 1,663 Uncompleted New SaleQUEENS PEAK Condominium 99 years July 28, 2017 441 822,970 - 1,865 Uncompleted New SaleQUEENS PEAK Condominium 99 years July 28, 2017 775 1,213,800 - 1,566 Uncompleted New SaleQUEENS PEAK Condominium 99 years July 27, 2017 775 1,260,720 - 1,627 Uncompleted New SaleQUEENS PEAK Condominium 99 years July 27, 2017 807 1,305,930 - 1,618 Uncompleted New SaleQUEENS PEAK Condominium 99 years July 26, 2017 936 1,560,450 - 1,666 Uncompleted New SaleQUEENS PEAK Condominium 99 years July 26, 2017 441 787,950 - 1,785 Uncompleted New SaleQUEENS PEAK Condominium 99 years July 26, 2017 947 1,502,000 - 1,586 Uncompleted New SaleQUEENS PEAK Condominium 99 years July 26, 2017 936 1,659,430 - 1,772 Uncompleted New SaleTHE ANCHORAGE Condominium Freehold August 01, 2017 1,733 2,150,000 - 1,241 1997 ResaleTHE METROPOLITAN Condominium 99 years July 31, 2017 1,033 1,350,000 - 1,306 2009 ResaleDistrict 4 CORALS AT KEPPEL BAY Condominium 99 years July 26, 2017 1,442 2,250,000 - 1,560 2016 ResaleHARBOUR VIEW TOWERS Condominium 99 years July 25, 2017 1,615 1,610,000 - 997 1994 ResaleLAKESHORE VIEW Detached 99 years July 28, 2017 8,579 15,500,000 - 1,807 2009 ResaleSEASCAPE Condominium 99 years July 25, 2017 2,174 3,800,000 - 1,748 2011 ResaleSKYLINE RESIDENCES Condominium Freehold July 27, 2017 1,475 2,240,000 - 1,519 2015 ResaleTURQUOISE Condominium 99 years July 27, 2017 2,153 3,050,000 - 1,417 2010 ResaleDistrict 5 BALMEG HILL Detached Freehold July 28, 2017 13,390 12,300,000 - 918 Unknown ResaleBIJOU Apartment Freehold July 29, 2017 560 992,000 - 1,772 Uncompleted New SaleBOTANNIA Condominium 956 years July 28, 2017 1,076 1,230,000 - 1,143 2009 ResaleDOVER PARKVIEW Condominium 99 years July 28, 2017 1,249 1,300,000 - 1,041 1997 ResaleHERITAGE VIEW Condominium 99 years July 27, 2017 969 1,168,000 - 1,206 2000 ResaleJULUCA Terrace Freehold July 28, 2017 3,035 2,100,000 - 692 2010 ResaleMONTEREY PARK Condominium 999 years July 27, 2017 2,056 1,910,000 - 929 2005 ResalePARC RIVIERA Condominium 99 years July 30, 2017 1,152 1,385,888 - 1,203 Uncompleted New SalePARC RIVIERA Condominium 99 years July 30, 2017 1,152 1,379,000 - 1,197 Uncompleted New SalePARC RIVIERA Condominium 99 years July 30, 2017 603 759,000 - 1,259 Uncompleted New SalePARC RIVIERA Condominium 99 years July 30, 2017 1,184 1,419,000 - 1,198 Uncompleted New SalePARC RIVIERA Condominium 99 years July 30, 2017 1,184 1,398,888 - 1,181 Uncompleted New SalePARC RIVIERA Condominium 99 years July 29, 2017 1,152 1,444,410 - 1,254 Uncompleted New SalePARC RIVIERA Condominium 99 years July 29, 2017 1,152 1,379,000 - 1,197 Uncompleted New SalePARC RIVIERA Condominium 99 years July 29, 2017 1,184 1,457,260 - 1,231 Uncompleted New SalePARC RIVIERA Condominium 99 years July 29, 2017 1,152 1,404,000 - 1,219 Uncompleted New SalePARC RIVIERA Condominium 99 years July 29, 2017 1,184 1,491,505 - 1,260 Uncompleted New SalePARC RIVIERA Condominium 99 years July 28, 2017 1,152 1,391,000 - 1,208 Uncompleted New SalePARC RIVIERA Condominium 99 years July 27, 2017 1,184 1,430,000 - 1,208 Uncompleted New SalePARC RIVIERA Condominium 99 years July 26, 2017 603 753,000 - 1,249 Uncompleted New SaleSEAHILL Condominium 99 years August 01, 2017 861 1,150,000 - 1,335 2016 Sub SaleTHE CLEMENT CANOPY Apartment 99 years July 30, 2017 732 1,060,000 - 1,448 Uncompleted New SaleTHE CLEMENT CANOPY Apartment 99 years July 30, 2017 990 1,397,000 - 1,411 Uncompleted New SaleTHE CLEMENT CANOPY Apartment 99 years July 30, 2017 990 1,372,000 - 1,385 Uncompleted New SaleTHE CLEMENT CANOPY Apartment 99 years July 30, 2017 990 1,344,000 - 1,357 Uncompleted New Sale

LAND AREA/ NETT UNIT FLOOR AREA TRANSACTED PRICE PRICE COMPLETION TYPE OFPROJECT PROPERTY TYPE TENURE SALE DATE (SQ FT) PRICE ($) ($) ($ PSF) DATE SALE

DONE DEALS

Bungalow on Lakeshore View in Sentosa Cove sold for $15.5 mil| BY ANGELA TEO |

In Sentosa Cove, a bungalow on Lakeshore

View was recently sold for $15.5 million, ac-

cording to a caveat lodged with URA Realis.

Based on the land area of 8,579 sq ft, the

price translates into $1,807 psf. The sale was

brokered by Steve Tay, a luxury bungalow spe-

cialist in Sentosa Cove and vice-president of

resale at CBRE Realty. The buyer is believed

to be a Chinese businessman who is a Singa-

pore permanent resident (PR).

The house is just one of 19 on Lakeshore

View that is on elevated ground, with views

of the Serapong golf course, the saltwater lake

and the sea beyond. The seller, a Hong Kong

businessman, had spent $7 million building

the house on Lakeshore View, and another $2

million on its interiors. The house has a built-

up area of more than 8,000 sq ft.

As the house is a holiday home, it was de-

signed with the highest specifications. The

gourmet kitchen alone cost at least $500,000.

The flooring throughout the house is of mar-

ble and natural stone imported from Italy. The

living room comes with a 15m triple-volume

ceiling and a customised display wall for col-

lectibles and books.

“Sentosa Cove continues to be the only lo-

cation in Singapore where Singapore PRs and

foreigners can purchase landed property,” says

CBRE’s Tay. Transactions in Sentosa Cove have

picked up this year.

View of the Serapong golf course and the lake beyond from the living room of the bungalow

So far this year, based on caveats lodged,

nine bungalows in Sentosa Cove have been sold

for a total of $132.15 million, more than dou-

ble the number of transactions for the whole of

2016. However, if one were to include transac-

tions where a caveat was not lodged, the total

is 14, estimates Tay.

Last year, only four bungalows were sold

for $64.5 million. “If this momentum contin-

ues, 2H2017 is likely to be an exciting time for

the Sentosa Cove property market,” Tay says.

Word on the street is that he has sold more than

half a dozen bungalows in Sentosa Cove, which

translates into over $100 million in sales value.

Tay also recently brokered the sale of a

bungalow on Pearl Island for $11.3 million

($1,613 psf), although the caveat has yet to

be lodged. The bungalow on Pearl Island sits

on a land area of about 7,000 sq ft and comes

with five en-suite bedrooms, a lift, a lap pool

and a reflective pool. The buyer is said to be

a Malaysian.

The previous owner was one of the first

buyers on Pearl Island, and paid $15.4 million

($2,200 psf) for the bungalow when it was still

under construction in 2010. The house is one

of 19 bungalows on Pearl Island developed by

Chinese developer Ximeng Land.

A year ago, Evia Real Estate co- founders

Vincent Ong and Leslie Lim scooped up the

remaining 10 bungalows on Pearl Island at an

average price of $1,500 to $1,600 psf, after be-

ing given a bulk discount.

In June, a bungalow on Paradise Island that

sits on a 7,360 sq ft plot was put up for auc-

tion by Colliers International, but did not go

under the hammer. The property was a mort-

gagee sale, the first such distressed sale of a

bungalow in Sentosa Cove. The price tag was

$13 million ($1,766 psf). The 2½-storey house,

which has a built-up area of about 8,800 sq

ft, consists of six bedrooms and comes with

a private berth.

The house on Paradise Island will now

be put up for tender on Aug 25 by Colliers

International. The indicative price is still

$13 million.

A bungalow at Lakeshore View in Sentosa Cove was recently sold for $15.5 million ($1,807 psf)

E

PICT

URES

: THE

EDG

E SI

NG

APO

RE

THEEDGE SINGAPORE | AUGUST 14, 2017 • EP25

Residential transactions with contracts dated July 25 to Aug 1

LAND AREA/ NETT UNIT FLOOR AREA TRANSACTED PRICE PRICE COMPLETION TYPE OFPROJECT PROPERTY TYPE TENURE SALE DATE (SQ FT) PRICE ($) ($) ($ PSF) DATE SALE

THE CLEMENT CANOPY Apartment 99 years July 30, 2017 1,109 1,536,000 - 1,385 Uncompleted New SaleTHE CLEMENT CANOPY Apartment 99 years July 27, 2017 1,346 1,747,000 - 1,298 Uncompleted New SaleTHE ORIENT Apartment Freehold July 30, 2017 721 1,327,100 - 1,840 Uncompleted New SaleTHE PARC CONDOMINIUM Condominium Freehold July 27, 2017 1,292 1,580,000 - 1,223 2010 ResaleTHE ROCHESTER Apartment 99 years July 26, 2017 1,206 1,628,100 - 1,350 2011 ResaleTHE TRILINQ Condominium 99 years July 28, 2017 1,346 1,648,000 - 1,225 2017 New SaleTHE TRILINQ Condominium 99 years July 26, 2017 1,346 1,645,000 - 1,223 2017 New SaleTHE TRILINQ Condominium 99 years July 25, 2017 1,518 1,757,000 - 1,158 2017 New SaleTHE TRILINQ Condominium 99 years July 25, 2017 1,518 1,811,000 - 1,193 2017 New SaleTHE TRILINQ Condominium 99 years July 25, 2017 538 841,000 - 1,563 2017 New SaleTHE VISION Condominium 99 years July 26, 2017 1,259 1,480,000 - 1,175 2014 ResaleTHE VISION Condominium 99 years July 25, 2017 818 1,050,000 - 1,284 2014 ResaleTREASURE PLACE Condominium Freehold July 27, 2017 2,174 2,180,000 - 1,003 2006 ResaleVARSITY PARK CONDOMINIUM Condominium 99 years July 31, 2017 2,013 1,825,000 - 907 2008 ResaleDistrict 7 SUNSHINE PLAZA Apartment 99 years July 28, 2017 1,313 1,460,000 - 1,112 2001 ResaleDistrict 8 CITY SQUARE RESIDENCES Condominium Freehold August 01, 2017 1,206 1,725,000 - 1,431 2009 ResaleCLYDES RESIDENCE Apartment Freehold July 26, 2017 1,668 1,500,800 - 900 2005 ResaleKERRISDALE Condominium 99 years July 31, 2017 1,270 1,360,000 - 1,071 2005 ResalePENHAS ROAD Apartment Freehold July 26, 2017 1,173 1,090,000 - 929 1999 ResaleSTURDEE RESIDENCES Condominium 99 years July 29, 2017 829 1,336,900 - 1,613 Uncompleted New SaleSTURDEE RESIDENCES Condominium 99 years July 28, 2017 1,302 1,766,000 - 1,356 Uncompleted New SaleSTURDEE RESIDENCES Condominium 99 years July 25, 2017 1,302 1,801,700 - 1,383 Uncompleted New SaleTHE URBANITE Apartment Freehold July 25, 2017 484 700,000 - 1,445 2014 ResaleDistrict 9 ASPEN HEIGHTS Condominium 999 years August 01, 2017 1,582 2,510,000 - 1,586 1998 ResaleASPEN HEIGHTS Condominium 999 years July 26, 2017 1,324 1,900,000 - 1,435 1998 ResaleCAIRNHILL PLAZA Apartment Freehold July 26, 2017 2,852 3,998,000 - 1,402 1978 ResaleELIZABETH TOWER Apartment Freehold July 31, 2017 2,002 3,500,000 - 1,748 1980 ResaleESPADA Apartment Freehold July 28, 2017 355 868,000 - 2,444 2013 ResaleGRANGE HEIGHTS Apartment Freehold July 25, 2017 2,713 3,400,000 - 1,253 1975 ResaleMARTIN MODERN Condominium 99 years July 30, 2017 1,399 2,895,984 - 2,070 Uncompleted New SaleMARTIN MODERN Condominium 99 years July 30, 2017 1,399 3,018,384 - 2,157 Uncompleted New SaleMARTIN MODERN Condominium 99 years July 30, 2017 1,421 2,893,272 - 2,036 Uncompleted New SaleMARTIN MODERN Condominium 99 years July 30, 2017 1,012 2,197,207 - 2,172 Uncompleted New SaleMARTIN MODERN Condominium 99 years July 30, 2017 872 1,860,480 - 2,134 Uncompleted New SaleMARTIN MODERN Condominium 99 years July 30, 2017 1,012 2,071,824 - 2,048 Uncompleted New SaleMARTIN MODERN Condominium 99 years July 30, 2017 1,012 2,100,384 - 2,076 Uncompleted New SaleMARTIN MODERN Condominium 99 years July 30, 2017 1,012 2,159,136 - 2,134 Uncompleted New SaleMARTIN MODERN Condominium 99 years July 30, 2017 1,012 2,057,136 - 2,033 Uncompleted New SaleMARTIN MODERN Condominium 99 years July 29, 2017 1,012 2,212,176 - 2,186 Uncompleted New SaleMARTIN MODERN Condominium 99 years July 29, 2017 1,012 2,064,480 - 2,040 Uncompleted New SaleMARTIN MODERN Condominium 99 years July 29, 2017 1,012 2,040,000 - 2,016 Uncompleted New SaleMARTIN MODERN Condominium 99 years July 29, 2017 1,012 2,063,162 - 2,039 Uncompleted New SaleMARTIN MODERN Condominium 99 years July 29, 2017 1,012 2,247,264 - 2,221 Uncompleted New SaleMARTIN MODERN Condominium 99 years July 26, 2017 1,012 2,204,016 - 2,178 Uncompleted New SaleMARTIN MODERN Condominium 99 years July 26, 2017 1,798 3,980,448 - 2,214 Uncompleted New SaleMARTIN MODERN Condominium 99 years July 26, 2017 872 1,896,384 - 2,175 Uncompleted New SaleMARTIN PLACE RESIDENCES Condominium Freehold July 28, 2017 1,044 2,235,000 - 2,141 2011 ResaleOLEANAS RESIDENCE Condominium Freehold July 28, 2017 1,141 1,750,000 - 1,534 1999 ResaleONE DEVONSHIRE Condominium Freehold July 27, 2017 1,496 3,380,000 - 2,259 2011 ResaleOUE TWIN PEAKS Condominium 99 years July 27, 2017 549 1,690,000 - 3,079 2015 ResalePACIFIC MANSION Apartment Freehold July 27, 2017 1,528 1,710,000 - 1,119 Unknown ResalePACIFIC MANSION Apartment Freehold July 26, 2017 1,528 1,810,000 - 1,184 Unknown ResaleSCOTTS SQUARE Apartment Freehold July 28, 2017 635 1,945,000 - 3,063 2011 ResaleSOPHIA HILLS Condominium 99 years July 29, 2017 721 1,451,000 - 2,012 Uncompleted New SaleSOPHIA HILLS Condominium 99 years July 29, 2017 570 1,094,000 - 1,918 Uncompleted New SaleSOPHIA HILLS Condominium 99 years July 29, 2017 710 1,430,000 - 2,013 Uncompleted New SaleSOPHIA HILLS Condominium 99 years July 29, 2017 570 1,128,000 - 1,977 Uncompleted New SaleSOPHIA HILLS Condominium 99 years July 27, 2017 570 1,115,000 - 1,954 Uncompleted New SaleSOPHIA HILLS Condominium 99 years July 26, 2017 700 1,449,000 - 2,071 Uncompleted New SaleSOPHIA HILLS Condominium 99 years July 26, 2017 700 1,408,000 - 2,012 Uncompleted New SaleSOPHIA HILLS Condominium 99 years July 25, 2017 1,012 1,982,000 - 1,959 Uncompleted New SaleTHE COSMOPOLITAN Condominium Freehold July 26, 2017 1,679 3,360,000 - 2,001 2008 ResaleTHE METZ Condominium Freehold July 27, 2017 570 1,380,000 - 2,419 2007 ResaleTHE PATERSON Condominium Freehold July 25, 2017 1,216 2,465,000 - 2,027 2004 ResaleDistrict 10 ARDMORE PARK Condominium Freehold July 25, 2017 2,885 8,800,000 - 3,051 2001 ResaleARDMORE THREE Condominium Freehold July 28, 2017 1,787 6,903,445 - 3,864 2014 ResaleDRAYCOTT EIGHT Condominium 99 years July 31, 2017 1,701 2,500,000 - 1,470 2005 ResaleDUCHESS RESIDENCES Condominium 999 years July 25, 2017 1,464 2,600,000 - 1,776 2011 ResaleEWE BOON REGENT Apartment Freehold July 27, 2017 1,033 1,400,000 - 1,355 1999 ResaleGOODWOOD GRAND Apartment Freehold July 28, 2017 775 1,921,000 - 2,479 2017 New SaleGOODWOOD GRAND Apartment Freehold July 28, 2017 775 1,841,000 - 2,375 2017 New SaleGOODWOOD GRAND Apartment Freehold July 27, 2017 775 1,937,000 - 2,499 2017 New SaleGOODWOOD GRAND Apartment Freehold July 26, 2017 893 2,220,000 - 2,485 2017 New SaleGOODWOOD GRAND Apartment Freehold July 25, 2017 775 1,900,000 - 2,452 2017 New SaleGRAMERCY PARK Condominium Freehold July 31, 2017 2,207 6,311,760 - 2,860 2016 ResaleGRAMERCY PARK Condominium Freehold July 31, 2017 1,259 4,168,920 - 3,310 2016 ResaleGRAMERCY PARK Condominium Freehold July 28, 2017 1,270 3,812,000 - 3,001 2016 ResaleGRAMERCY PARK Condominium Freehold July 27, 2017 2,121 5,515,200 - 2,601 2016 ResaleGRAMERCY PARK Condominium Freehold July 25, 2017 1,270 3,839,200 - 3,023 2016 ResaleKING’S ARCADE Apartment Freehold August 01, 2017 1,302 1,313,000 - 1,008 2002 ResaleLEEDON RESIDENCE Condominium Freehold August 01, 2017 3,746 6,500,000 - 1,735 2015 ResaleLEEDON RESIDENCE Condominium Freehold July 27, 2017 3,649 6,300,000 - 1,727 2015 ResaleLUTHERAN TOWERS Apartment 103 years August 01, 2017 1,916 1,600,000 - 835 Unknown ResaleNASSIM JADE Condominium Freehold July 31, 2017 1,841 4,250,000 - 2,309 1997 ResaleONE BALMORAL Condominium Freehold July 31, 2017 969 2,048,000 - 2,114 2016 ResalePARK HOUSE Apartment Freehold July 27, 2017 1,572 2,800,000 - 1,782 Unknown ResaleRV SUITES Apartment Freehold July 28, 2017 538 950,000 - 1,765 2012 ResaleSPANISH VILLAGE Condominium Freehold July 25, 2017 1,528 1,920,000 - 1,256 1987 ResaleSPRING GROVE Condominium 99 years July 28, 2017 1,389 1,850,000 - 1,332 1996 ResaleST REGIS RESIDENCES SINGAPORE Apartment 999 years July 28, 2017 2,121 4,500,000 - 2,122 2008 ResaleTANGLIN PARK Condominium Freehold August 01, 2017 1,023 1,780,000 - 1,741 1989 ResaleTHE ASANA Apartment Freehold July 26, 2017 506 1,363,864 - 2,696 Uncompleted New SaleTHE TESSARINA Condominium Freehold July 25, 2017 1,679 2,080,000 - 1,239 2003 ResaleVICTORIA PARK VILLAS Semi-Detached 99 years July 29, 2017 2,476 4,351,000 - 1,757 Uncompleted New SaleVICTORIA PARK VILLAS Semi-Detached 99 years July 26, 2017 2,336 4,299,000 - 1,840 Uncompleted New SaleVICTORIA PARK VILLAS Semi-Detached 99 years July 25, 2017 2,207 3,970,000 - 1,799 Uncompleted New SaleVICTORIA PARK VILLAS Semi-Detached 99 years July 25, 2017 2,939 4,500,000 - 1,531 Uncompleted New SaleVICTORIA PARK VILLAS Semi-Detached 99 years July 25, 2017 2,153 4,062,000 - 1,887 Uncompleted New SaleDistrict 11 26 NEWTON Apartment Freehold July 28, 2017 474 1,248,327 - 2,636 2016 ResaleCHANCERY HILL WALK Terrace Freehold July 31, 2017 2,874 2,800,000 - 974 2004 ResaleGOLDHILL AVENUE Terrace Freehold July 28, 2017 2,422 4,388,000 - 1,809 1970 ResaleLUCIDA Apartment Freehold July 28, 2017 1,324 1,750,000 - 1,322 2011 ResaleNOVENA COURT Apartment Freehold July 25, 2017 861 950,000 - 1,103 Unknown ResalePARK INFINIA AT WEE NAM Condominium Freehold July 27, 2017 1,001 1,890,000 - 1,888 2008 ResaleTHE LINCOLN RESIDENCES Condominium Freehold July 27, 2017 1,841 3,000,000 - 1,630 2011 ResaleTHE LINCOLN RESIDENCES Condominium Freehold July 27, 2017 1,884 3,220,000 - 1,709 2011 ResaleTHE TREVOSE Condominium 99 years July 31, 2017 1,012 1,350,000 - 1,334 2001 ResaleUNIVERSITY PARK Semi-Detached 99 years July 26, 2017 3,079 3,500,000 - 1,138 1997 ResaleWATTEN RESIDENCES Semi-Detached Freehold July 28, 2017 4,004 3,600,000 - 899 2011 ResaleDistrict 12 GEM RESIDENCES Condominium 99 years July 30, 2017 678 1,169,000 - 1,724 Uncompleted New SaleGEM RESIDENCES Condominium 99 years July 30, 2017 947 1,258,000 - 1,328 Uncompleted New SaleGEM RESIDENCES Condominium 99 years July 29, 2017 1,055 1,619,000 - 1,535 Uncompleted New SaleGEM RESIDENCES Condominium 99 years July 29, 2017 936 1,410,000 - 1,506 Uncompleted New SaleGEM RESIDENCES Condominium 99 years July 28, 2017 936 1,369,000 - 1,462 Uncompleted New SaleGEM RESIDENCES Condominium 99 years July 27, 2017 1,055 1,566,000 - 1,485 Uncompleted New SaleRIVERBAY Apartment 999 years August 01, 2017 1,862 1,760,000 - 945 2014 ResaleSKYSUITES17 Apartment Freehold July 25, 2017 2,928 2,750,000 - 939 2014 ResaleTHE ABERDEEN Condominium Freehold July 28, 2017 1,302 1,380,000 - 1,060 1997 ResaleDistrict 13 MACPHERSON GARDEN ESTATE Terrace Freehold July 26, 2017 1,367 1,650,000 - 1,211 Unknown ResaleNIN RESIDENCE Apartment 99 years July 28, 2017 452 760,000 - 1,681 2014 ResaleSANT RITZ Condominium 99 years July 31, 2017 657 1,025,000 - 1,561 2016 ResaleSENNETT ESTATE Semi-Detached Freehold July 27, 2017 2,573 3,280,000 - 1,278 2005 ResaleTHE POIZ RESIDENCES Apartment 99 years July 29, 2017 1,206 1,694,350 - 1,405 Uncompleted New Sale

LAND AREA/ NETT UNIT FLOOR AREA TRANSACTED PRICE PRICE COMPLETION TYPE OFPROJECT PROPERTY TYPE TENURE SALE DATE (SQ FT) PRICE ($) ($) ($ PSF) DATE SALE

THE POIZ RESIDENCES Apartment 99 years July 28, 2017 1,184 1,616,000 - 1,365 Uncompleted New SaleTHE POIZ RESIDENCES Apartment 99 years July 28, 2017 1,528 1,975,000 - 1,292 Uncompleted New SaleTHE POIZ RESIDENCES Apartment 99 years July 26, 2017 3,800 3,734,000 - 983 Uncompleted New SaleTHE POIZ RESIDENCES Apartment 99 years July 25, 2017 1,249 1,255,748 - 1,006 Uncompleted New SaleDistrict 14 CASA AERATA Apartment Freehold July 27, 2017 484 599,959 - 1,239 2012 ResaleCENTRA SUITES Apartment Freehold July 31, 2017 431 580,000 - 1,347 2012 ResaleLA BRISA Apartment Freehold July 28, 2017 431 544,000 - 1,263 2012 ResaleLENGKONG ENAM Semi-Detached Freehold July 25, 2017 3,714 5,200,000 - 1,399 Unknown ResaleLORONG 28 GEYLANG Terrace Freehold July 27, 2017 3,584 5,790,000 - 1,617 1963 ResaleSIMS URBAN OASIS Condominium 99 years July 30, 2017 1,249 1,721,900 - 1,379 Uncompleted New SaleSIMS URBAN OASIS Condominium 99 years July 30, 2017 797 995,000 - 1,249 Uncompleted New SaleSIMS URBAN OASIS Condominium 99 years July 30, 2017 990 1,384,800 - 1,398 Uncompleted New SaleSIMS URBAN OASIS Condominium 99 years July 30, 2017 990 1,443,100 - 1,457 Uncompleted New SaleSIMS URBAN OASIS Condominium 99 years July 30, 2017 1,023 1,394,600 - 1,364 Uncompleted New SaleSIMS URBAN OASIS Condominium 99 years July 30, 2017 1,023 1,435,500 - 1,404 Uncompleted New SaleSIMS URBAN OASIS Condominium 99 years July 28, 2017 1,023 1,453,800 - 1,422 Uncompleted New SaleSIMS URBAN OASIS Condominium 99 years July 26, 2017 1,001 1,361,600 - 1,360 Uncompleted New SaleSIMSVILLE Condominium 99 years July 28, 2017 1,249 1,180,000 - 945 1998 ResaleTHE WATERINA Apartment Freehold July 25, 2017 721 880,000 - 1,220 2005 ResaleTRE RESIDENCES Condominium 99 years July 30, 2017 764 1,101,000 - 1,441 Uncompleted New SaleTRE RESIDENCES Condominium 99 years July 29, 2017 947 1,316,000 - 1,389 Uncompleted New SaleDistrict 15 ALPHA APARTMENTS Apartment Freehold July 25, 2017 1,249 1,260,000 - 1,009 2005 ResaleAMBER RESIDENCES Condominium Freehold July 28, 2017 1,163 1,600,000 - 1,376 2011 ResaleAMBER SKYE Apartment Freehold July 30, 2017 1,119 2,027,376 - 1,811 2017 New SaleAMBER SKYE Apartment Freehold July 28, 2017 1,335 2,605,000 - 1,952 2017 New SaleAMBER SKYE Apartment Freehold July 28, 2017 1,335 2,561,500 - 1,919 2017 New SaleBELLA CASITA Apartment Freehold July 26, 2017 947 1,150,000 - 1,214 2012 ResaleBELLA CASITA Apartment Freehold July 25, 2017 570 730,000 - 1,280 2012 ResaleBRIGHT GARDEN Terrace Freehold July 27, 2017 2,820 3,500,000 - 1,241 1974 ResaleCOSTA RHU Condominium 99 years July 25, 2017 1,335 1,660,000 - 1,244 1997 ResaleCOSTA RHU Condominium 99 years July 25, 2017 2,056 2,350,000 - 1,143 1997 ResaleCOTE D’AZUR Condominium 99 years July 27, 2017 1,389 1,780,000 - 1,282 2004 ResaleCOTE D’AZUR Condominium 99 years July 26, 2017 1,302 1,775,000 - 1,363 2004 ResaleDUNMAN PLACE Apartment Freehold July 31, 2017 1,572 1,880,000 - 1,196 2001 ResaleFLAMINGO VALLEY Condominium Freehold July 28, 2017 2,573 2,880,000 - 1,119 2014 ResaleFULCRUM Condominium Freehold August 01, 2017 818 1,431,000 - 1,749 2016 ResaleFULCRUM Condominium Freehold July 27, 2017 818 1,407,000 - 1,720 2016 ResaleFULCRUM Condominium Freehold July 26, 2017 818 1,418,000 - 1,733 2016 ResaleGRACE GARDEN Terrace Freehold July 31, 2017 2,207 2,950,000 - 1,335 1973 ResaleKATONG PARK TOWERS Condominium 99 years July 28, 2017 1,475 1,450,000 - 983 1987 ResaleLAVERNE’S LOFT Apartment Freehold July 27, 2017 431 582,000 - 1,352 2013 ResaleLORONG G TELOK KURAU Semi-Detached Freehold July 27, 2017 7,503 6,500,000 - 866 1981 ResaleMEYER RESIDENCE Apartment Freehold July 26, 2017 1,152 1,850,000 - 1,606 2009 ResaleONE AMBER Condominium Freehold August 01, 2017 1,389 2,050,000 - 1,476 2010 ResaleONE AMBER Condominium Freehold July 31, 2017 1,453 2,000,000 - 1,376 2010 ResalePALM OASIS Apartment Freehold July 27, 2017 1,464 1,170,000 - 799 2008 ResalePOSHGROVE EAST Condominium Freehold July 25, 2017 1,238 1,550,000 - 1,252 2008 ResaleSANCTUARY GREEN Condominium 99 years July 27, 2017 1,023 1,176,450 - 1,150 2004 ResaleSEASIDE RESIDENCES Apartment 99 years July 29, 2017 1,130 2,018,000 - 1,785 Uncompleted New SaleSEASIDE RESIDENCES Apartment 99 years July 28, 2017 560 914,000 - 1,633 Uncompleted New SaleSEASIDE RESIDENCES Apartment 99 years July 26, 2017 678 1,011,000 - 1,491 Uncompleted New SaleSEASIDE RESIDENCES Apartment 99 years July 25, 2017 1,130 1,837,000 - 1,625 Uncompleted New SaleSEASIDE RESIDENCES Apartment 99 years July 25, 2017 1,023 1,617,000 - 1,581 Uncompleted New SaleSUNNYVALE RESIDENCES Apartment Freehold July 28, 2017 1,119 1,713,055 1,684,167 1,504 2017 New SaleTHE ARISTO @ AMBER Apartment Freehold July 28, 2017 807 1,400,000 - 1,734 2013 ResaleTHE LUSH Apartment Freehold July 28, 2017 775 1,100,000 - 1,419 2014 ResaleTHE SEAFRONT ON MEYER Condominium Freehold August 01, 2017 1,604 2,700,000 - 1,683 2010 ResaleTHE SHORE RESIDENCES Condominium 103 years July 25, 2017 592 850,000 - 1,436 2014 ResaleTHE SOVEREIGN Condominium Freehold August 01, 2017 3,305 5,950,000 - 1,801 1993 ResaleTHE WATERSIDE Condominium Freehold July 28, 2017 2,411 3,750,000 - 1,555 1992 ResaleVIBES @ EAST COAST Apartment Freehold August 01, 2017 344 535,000 - 1,553 2014 ResaleDistrict 16 BAYSHORE PARK Condominium 99 years July 25, 2017 936 713,000 - 761 1986 ResaleCOUNTRY PARK CONDOMINIUM Condominium Freehold July 27, 2017 1,711 1,721,000 - 1,006 2003 ResaleEAST COAST HILL Semi-Detached Freehold July 28, 2017 3,444 3,450,000 - 1,002 1983 ResaleEAST VIEW GARDEN Semi-Detached 999 years July 28, 2017 4,424 3,700,000 - 836 1990 ResaleEASTERN LAGOON Condominium Freehold July 28, 2017 980 990,000 - 1,011 1985 ResaleGRANDEUR PARK RESIDENCES Condominium 99 years July 27, 2017 904 1,098,000 - 1,214 Uncompleted New SaleGRANDEUR PARK RESIDENCES Condominium 99 years July 25, 2017 883 1,219,000 - 1,381 Uncompleted New SaleJALAN GREJA Semi-Detached Freehold July 31, 2017 4,101 3,750,000 - 915 1980 ResaleLANDBAY CONDOMINIUM Condominium Freehold August 01, 2017 904 1,185,000 - 1,311 1996 ResalePARBURY HILL CONDOMINIUM Condominium Freehold July 31, 2017 1,453 1,580,000 - 1,087 1997 ResaleRIVIERA RESIDENCES Condominium Freehold July 28, 2017 1,216 1,508,888 - 1,241 2007 ResaleSENNETT TERRACE Terrace Freehold August 01, 2017 2,164 2,650,000 - 1,226 Unknown ResaleSUNHAVEN Condominium Freehold July 28, 2017 1,066 955,000 - 896 2002 ResaleTHE BAYSHORE Condominium 99 years July 26, 2017 1,227 1,020,000 - 831 1997 ResaleTHE SUMMIT Condominium Freehold July 27, 2017 1,238 1,340,000 - 1,083 1992 ResaleTHE TANAMERA Condominium 99 years July 27, 2017 1,518 1,180,000 - 777 1994 ResaleWATERFRONT KEY Condominium 99 years July 27, 2017 1,227 1,295,000 - 1,055 2012 ResaleDistrict 17 AVILA GARDENS Condominium Freehold July 25, 2017 893 750,000 - 839 1995 ResaleEDELWEISS PARK CONDOMINIUM Condominium Freehold August 01, 2017 1,281 933,000 - 728 2006 ResaleLOYANG VALLEY Condominium 99 years August 01, 2017 1,485 870,000 - 586 1985 ResaleSANDY PALM Condominium 99 years July 28, 2017 1,346 825,000 - 613 2002 ResaleDistrict 18 COCO PALMS Condominium 99 years July 30, 2017 1,744 1,819,840 - 1,044 Uncompleted New SaleCOCO PALMS Condominium 99 years July 25, 2017 1,259 1,351,282 - 1,073 Uncompleted New SaleD’NEST Condominium 99 years July 25, 2017 484 592,000 - 1,222 Uncompleted Sub SaleNV RESIDENCES Condominium 99 years July 25, 2017 1,109 1,040,000 - 938 2013 ResaleTHE ALPS RESIDENCES Condominium 99 years July 30, 2017 689 796,000 - 1,155 Uncompleted New SaleTHE ALPS RESIDENCES Condominium 99 years July 30, 2017 1,410 1,467,000 - 1,040 Uncompleted New SaleTHE ALPS RESIDENCES Condominium 99 years July 29, 2017 1,087 1,145,000 - 1,053 Uncompleted New SaleTHE ALPS RESIDENCES Condominium 99 years July 29, 2017 1,066 1,169,000 - 1,097 Uncompleted New SaleTHE ALPS RESIDENCES Condominium 99 years July 27, 2017 936 996,000 - 1,064 Uncompleted New SaleTHE ALPS RESIDENCES Condominium 99 years July 27, 2017 689 800,000 - 1,161 Uncompleted New SaleTHE ALPS RESIDENCES Condominium 99 years July 26, 2017 689 715,000 - 1,038 Uncompleted New SaleTHE ALPS RESIDENCES Condominium 99 years July 25, 2017 689 731,000 - 1,061 Uncompleted New SaleTHE ALPS RESIDENCES Condominium 99 years July 25, 2017 689 719,000 - 1,044 Uncompleted New SaleTHE SANTORINI Condominium 99 years July 30, 2017 904 941,000 - 1,041 2017 New SaleTHE SANTORINI Condominium 99 years July 29, 2017 915 985,000 - 1,077 2017 New SaleTHE SANTORINI Condominium 99 years July 29, 2017 1,259 1,258,900 - 1,000 2017 New SaleTHE SANTORINI Condominium 99 years July 29, 2017 904 948,000 - 1,048 2017 New SaleTHE SANTORINI Condominium 99 years July 28, 2017 1,259 1,242,000 - 986 2017 New SaleTHE SANTORINI Condominium 99 years July 28, 2017 1,152 1,259,470 - 1,094 2017 New SaleTHE SANTORINI Condominium 99 years July 28, 2017 1,119 1,134,000 - 1,013 2017 New SaleTHE SANTORINI Condominium 99 years July 28, 2017 753 774,000 - 1,027 2017 New SaleTHE SANTORINI Condominium 99 years July 27, 2017 915 953,000 - 1,042 2017 New SaleTHE SANTORINI Condominium 99 years July 27, 2017 1,367 1,408,888 - 1,031 2017 New SaleTHE SANTORINI Condominium 99 years July 26, 2017 1,119 1,186,000 - 1,059 2017 New SaleTHE SANTORINI Condominium 99 years July 26, 2017 1,119 1,131,000 - 1,010 2017 New SaleTHE SANTORINI Condominium 99 years July 25, 2017 1,130 1,125,000 - 995 2017 New SaleTHE SANTORINI Condominium 99 years July 25, 2017 1,152 1,265,530 - 1,099 2017 New SaleTHE SANTORINI Condominium 99 years July 25, 2017 1,130 1,146,350 - 1,014 2017 New SaleDistrict 19 A TREASURE TROVE Condominium 99 years August 01, 2017 1,335 1,240,000 - 929 2015 ResaleBOATHOUSE RESIDENCES Condominium 99 years July 26, 2017 1,119 1,145,000 - 1,023 2015 ResaleCHARLTON 18 Terrace Freehold July 31, 2017 3,391 2,722,500 - 803 2016 ResaleCOMPASS HEIGHTS Apartment 99 years July 27, 2017 2,336 1,500,000 - 642 2002 ResaleFLO RESIDENCE Condominium 99 years July 28, 2017 1,163 948,000 - 815 2016 Sub SaleFLORENCE REGENCY Apartment 103 years July 26, 2017 1,690 1,239,999 - 734 Unknown ResaleFOREST WOODS Condominium 99 years July 27, 2017 915 1,296,000 - 1,416 Uncompleted New SaleFOREST WOODS Condominium 99 years July 25, 2017 915 1,335,000 - 1,459 Uncompleted New SaleFORT ROAD Semi-Detached Freehold July 26, 2017 4,133 3,168,000 - 766 1985 ResaleKENSINGTON PARK Condominium 999 years July 27, 2017 1,668 1,833,000 - 1,099 1990 ResaleKINGSFORD WATERBAY Apartment 99 years July 25, 2017 883 1,071,080 - 1,213 Uncompleted New SaleKINGSFORD WATERBAY Apartment 99 years July 25, 2017 678 896,000 - 1,321 Uncompleted New SaleKOVAN RESIDENCES Condominium 99 years July 26, 2017 1,798 1,900,000 - 1,057 2011 Resale

DONE DEALS

CONTINUES NEXT PAGE

EP26 • THEEDGE SINGAPORE | AUGUST 14, 2017

DONE DEALS

DISCLAIMER:Source: URA Realis. Updated Aug 8, 2017. The Edge Publishing 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

Residential transactions with contracts dated July 25 to Aug 1

LAND AREA/ NETT UNIT FLOOR AREA TRANSACTED PRICE PRICE COMPLETION TYPE OFPROJECT PROPERTY TYPE TENURE SALE DATE (SQ FT) PRICE ($) ($) ($ PSF) DATE SALE

LAND AREA/ NETT UNIT FLOOR AREA TRANSACTED PRICE PRICE COMPLETION TYPE OFPROJECT PROPERTY TYPE TENURE SALE DATE (SQ FT) PRICE ($) ($) ($ PSF) DATE SALE

FROM PREVIOUS PAGE

PARC CENTROS Condominium 99 years July 26, 2017 1,141 1,160,000 - 1,017 2016 Sub SalePARC VERA Condominium 99 years July 27, 2017 786 818,000 - 1,041 2014 ResalePARK GREEN EC 99 years July 31, 2017 1,528 1,040,000 - 680 2004 ResaleRIO VISTA Condominium 99 years July 31, 2017 1,615 1,118,000 - 692 2004 ResaleRIVERSOUND RESIDENCE Condominium 99 years July 28, 2017 1,421 1,350,000 - 950 2015 ResaleSERANGOON GARDEN ESTATE Terrace 999 years July 27, 2017 2,153 2,350,000 - 1,091 Unknown ResaleSERANGOON GARDEN ESTATE Terrace 999 years July 26, 2017 2,164 2,200,000 - 1,017 Unknown ResaleSERANGOON VILLE Apartment 100 years July 26, 2017 405,114 499,000,000 - 1,232 Unknown ResaleSTARS OF KOVAN Apartment 99 years July 30, 2017 743 1,037,160 - 1,396 Uncompleted New SaleSTARS OF KOVAN Apartment 99 years July 30, 2017 743 1,039,898 - 1,400 Uncompleted New SaleSTARS OF KOVAN Apartment 99 years July 30, 2017 753 1,051,780 - 1,396 Uncompleted New SaleSTARS OF KOVAN Apartment 99 years July 28, 2017 732 1,027,700 - 1,404 Uncompleted New SaleSTARS OF KOVAN Apartment 99 years July 27, 2017 743 1,075,000 - 1,447 Uncompleted New SaleSTARS OF KOVAN Apartment 99 years July 26, 2017 743 1,019,088 - 1,372 Uncompleted New SaleSUMMER GROVE Detached Freehold July 31, 2017 7,061 6,100,000 - 863 2001 ResaleSUNGLADE Condominium 99 years July 28, 2017 1,141 1,220,000 - 1,069 2003 ResaleTAI HWAN GARDEN Terrace Freehold July 31, 2017 1,916 2,250,000 - 1,178 1979 ResaleTHE MORNING GLORY Apartment Freehold July 26, 2017 1,033 930,000 - 900 2003 ResaleTRILIVE Condominium Freehold July 29, 2017 904 1,443,000 - 1,596 Uncompleted New SaleTRILIVE Condominium Freehold July 29, 2017 904 1,437,000 - 1,589 Uncompleted New SaleTRILIVE Condominium Freehold July 29, 2017 1,163 1,680,000 - 1,445 Uncompleted New SaleDistrict 20 ADANA @ THOMSON Apartment Freehold July 28, 2017 560 944,200 - 1,687 Uncompleted New SaleBISHAN LOFT EC 99 years July 27, 2017 1,173 1,255,000 - 1,070 2003 ResaleGOLDENHILL PARK Condominium Freehold July 26, 2017 1,335 1,820,000 - 1,364 2004 ResaleGRANDEUR 8 Condominium 99 years August 01, 2017 1,119 1,127,000 - 1,007 2005 ResaleGRANDEUR 8 Condominium 99 years July 25, 2017 1,130 1,150,000 - 1,018 2005 ResaleSEASONS VIEW Condominium 99 years July 25, 2017 1,141 1,150,000 - 1,008 2000 ResaleSEASONS VIEW Condominium 99 years July 25, 2017 1,141 1,200,000 - 1,052 2000 ResaleSKY HABITAT Condominium 99 years July 26, 2017 1,894 2,887,800 - 1,524 2015 ResaleTHOMSON GRAND Condominium 99 years July 27, 2017 1,582 2,000,000 - 1,264 2015 ResaleTHOMSON PLAZA Apartment 99 years July 31, 2017 3,617 1,800,000 - 498 1979 ResaleYEW LIAN PARK Terrace Freehold July 31, 2017 1,701 2,258,000 - 1,329 1967 ResaleDistrict 21 1 KING ALBERT PARK Condominium Freehold July 28, 2017 1,281 1,580,000 - 1,233 1997 ResaleBROOKVALE PARK Condominium 999 years July 27, 2017 1,615 1,628,000 - 1,008 1983 ResaleGARDENVISTA Condominium 99 years July 28, 2017 1,130 1,410,000 - 1,248 2006 ResalePARC PALAIS Condominium Freehold July 28, 2017 1,356 1,320,000 - 973 1999 ResaleSIGNATURE PARK Condominium Freehold July 31, 2017 1,087 1,100,000 - 1,012 1998 ResaleSIGNATURE PARK Condominium Freehold July 28, 2017 1,033 1,115,000 - 1,079 1998 ResaleSUMMERHILL Condominium Freehold July 28, 2017 1,948 1,980,000 - 1,016 2002 ResaleSYMPHONY HEIGHTS Condominium Freehold July 25, 2017 1,539 1,600,000 - 1,039 1998 ResaleSYMPHONY HEIGHTS Condominium Freehold July 25, 2017 990 1,025,000 - 1,035 1998 ResaleTHE CASCADIA Condominium Freehold July 25, 2017 1,582 2,000,000 - 1,264 2010 ResaleTHE CREEK @ BUKIT Condominium Freehold July 30, 2017 700 1,213,808 - 1,735 Uncompleted New SaleTHE CREEK @ BUKIT Condominium Freehold July 30, 2017 936 1,522,626 - 1,626 Uncompleted New SaleTHE CREEK @ BUKIT Condominium Freehold July 30, 2017 969 1,532,259 - 1,582 Uncompleted New SaleTHE CREEK @ BUKIT Condominium Freehold July 29, 2017 1,711 2,395,478 - 1,400 Uncompleted New SaleTHE CREEK @ BUKIT Condominium Freehold July 27, 2017 775 1,339,600 - 1,728 Uncompleted New SaleTHE CREEK @ BUKIT Condominium Freehold July 27, 2017 1,206 1,690,000 - 1,402 Uncompleted New SaleTHE CREEK @ BUKIT Condominium Freehold July 27, 2017 818 1,445,000 - 1,766 Uncompleted New SaleTHE CREEK @ BUKIT Condominium Freehold July 26, 2017 1,636 2,055,565 - 1,256 Uncompleted New SaleTHE STERLING Condominium Freehold July 25, 2017 1,464 1,950,000 - 1,332 2000 ResaleDistrict 22 LAKE GRANDE Condominium 99 years July 30, 2017 1,012 1,308,000 - 1,293 Uncompleted New SaleLAKE GRANDE Condominium 99 years July 29, 2017 818 1,190,000 - 1,455 Uncompleted New SaleLAKE GRANDE Condominium 99 years July 29, 2017 1,173 1,589,000 - 1,354 Uncompleted New SaleLAKE GRANDE Condominium 99 years July 29, 2017 775 1,031,000 - 1,330 Uncompleted New SalePARC VISTA Condominium 99 years July 26, 2017 1,055 840,000 - 796 1997 ResaleSUMMERDALE EC 99 years July 26, 2017 1,195 836,500 - 700 2000 ResaleTHE FLORAVALE EC 99 years July 27, 2017 1,227 755,000 - 615 2000 ResaleTHE MAYFAIR Condominium 99 years July 28, 2017 1,302 1,200,000 - 921 2000 ResaleDistrict 23 GLENDALE PARK Condominium Freehold July 27, 2017 1,367 1,400,000 - 1,024 2000 ResaleGUILIN VIEW Condominium 99 years August 01, 2017 1,281 965,000 - 753 1999 ResaleHAZEL PARK CONDOMINIUM Condominium 999 years July 31, 2017 1,335 1,320,000 - 989 2000 ResaleHILLION RESIDENCES Apartment 99 years July 28, 2017 463 710,600 - 1,535 Uncompleted New SaleHILLION RESIDENCES Apartment 99 years July 27, 2017 474 723,900 - 1,528 Uncompleted New SaleHILLION RESIDENCES Apartment 99 years July 27, 2017 538 685,410 - 1,274 Uncompleted New SaleHILLION RESIDENCES Apartment 99 years July 27, 2017 474 743,850 - 1,571 Uncompleted New SaleHILLION RESIDENCES Apartment 99 years July 26, 2017 538 685,410 - 1,274 Uncompleted New SaleHILLION RESIDENCES Apartment 99 years July 26, 2017 474 702,050 - 1,482 Uncompleted New SaleHILLION RESIDENCES Apartment 99 years July 26, 2017 463 691,600 - 1,494 Uncompleted New SaleHILLION RESIDENCES Apartment 99 years July 25, 2017 474 723,900 - 1,528 Uncompleted New SaleINZ RESIDENCE EC 99 years July 30, 2017 1,109 941,000 - 849 Uncompleted New SaleINZ RESIDENCE EC 99 years July 30, 2017 1,066 885,000 - 830 Uncompleted New SaleINZ RESIDENCE EC 99 years July 29, 2017 1,098 823,000 - 750 Uncompleted New SaleINZ RESIDENCE EC 99 years July 29, 2017 990 816,000 - 824 Uncompleted New SaleINZ RESIDENCE EC 99 years July 29, 2017 990 796,000 - 804 Uncompleted New SaleINZ RESIDENCE EC 99 years July 28, 2017 990 811,000 - 819 Uncompleted New SaleINZ RESIDENCE EC 99 years July 28, 2017 1,109 857,000 - 773 Uncompleted New SaleINZ RESIDENCE EC 99 years July 28, 2017 1,109 894,000 - 806 Uncompleted New SaleINZ RESIDENCE EC 99 years July 27, 2017 1,109 895,000 - 807 Uncompleted New SaleINZ RESIDENCE EC 99 years July 27, 2017 1,066 862,000 - 809 Uncompleted New SaleINZ RESIDENCE EC 99 years July 27, 2017 1,109 901,000 - 813 Uncompleted New SaleINZ RESIDENCE EC 99 years July 27, 2017 1,109 866,000 - 781 Uncompleted New SaleINZ RESIDENCE EC 99 years July 27, 2017 969 784,000 - 809 Uncompleted New SaleINZ RESIDENCE EC 99 years July 27, 2017 969 766,000 - 791 Uncompleted New SaleINZ RESIDENCE EC 99 years July 27, 2017 1,184 918,000 - 775 Uncompleted New SaleINZ RESIDENCE EC 99 years July 27, 2017 1,173 926,000 - 789 Uncompleted New SaleINZ RESIDENCE EC 99 years July 27, 2017 990 764,000 - 771 Uncompleted New SaleINZ RESIDENCE EC 99 years July 27, 2017 1,109 926,000 - 835 Uncompleted New SaleINZ RESIDENCE EC 99 years July 27, 2017 1,044 817,000 - 782 Uncompleted New SaleINZ RESIDENCE EC 99 years July 26, 2017 990 812,000 - 820 Uncompleted New SaleINZ RESIDENCE EC 99 years July 26, 2017 1,012 844,000 - 834 Uncompleted New SaleINZ RESIDENCE EC 99 years July 26, 2017 1,109 915,000 - 825 Uncompleted New SaleINZ RESIDENCE EC 99 years July 26, 2017 1,066 812,000 - 762 Uncompleted New SaleINZ RESIDENCE EC 99 years July 25, 2017 1,012 774,000 - 765 Uncompleted New SaleINZ RESIDENCE EC 99 years July 25, 2017 1,044 829,000 - 794 Uncompleted New SaleINZ RESIDENCE EC 99 years July 25, 2017 1,044 835,000 - 800 Uncompleted New SaleINZ RESIDENCE EC 99 years July 25, 2017 1,044 836,000 - 801 Uncompleted New SaleINZ RESIDENCE EC 99 years July 25, 2017 689 571,000 - 829 Uncompleted New SaleINZ RESIDENCE EC 99 years July 25, 2017 1,109 851,000 - 768 Uncompleted New SaleMERA WOODS Condominium 999 years July 31, 2017 1,421 1,370,000 - 964 1999 ResaleMERA WOODS Condominium 999 years July 31, 2017 1,001 970,000 - 969 1999 ResaleMERA WOODS Condominium 999 years July 27, 2017 1,938 1,990,000 - 1,027 1999 ResalePAVILION PARK Terrace Freehold July 27, 2017 1,615 2,830,000 - 1,753 2014 ResaleSOL ACRES EC 99 years July 30, 2017 570 463,000 - 812 Uncompleted New SaleSOL ACRES EC 99 years July 30, 2017 570 455,000 - 798 Uncompleted New SaleSOL ACRES EC 99 years July 30, 2017 570 453,000 - 794 Uncompleted New SaleSOL ACRES EC 99 years July 30, 2017 495 413,000 - 834 Uncompleted New SaleSOL ACRES EC 99 years July 27, 2017 732 623,000 - 851 Uncompleted New SaleSOL ACRES EC 99 years July 25, 2017 570 431,000 - 755 Uncompleted New SaleVILLA VERDE Terrace 99 years July 31, 2017 2,153 1,670,000 - 776 2000 ResaleDistrict 25 BELLEWOODS EC 99 years July 29, 2017 1,582 1,120,680 - 708 2017 New SaleBELLEWOODS EC 99 years July 28, 2017 1,582 1,077,120 - 681 2017 New SaleNORTHWAVE EC 99 years July 29, 2017 980 781,800 - 798 Uncompleted New SaleNORTHWAVE EC 99 years July 27, 2017 990 757,600 - 765 Uncompleted New SaleNORTHWAVE EC 99 years July 26, 2017 1,270 1,017,300 - 801 Uncompleted New SaleNORTHWAVE EC 99 years July 25, 2017 1,270 1,074,600 - 846 Uncompleted New SaleWOODSVALE EC 99 years July 28, 2017 1,356 798,000 - 588 2000 ResaleDistrict 27 NORTH PARK RESIDENCES Apartment 99 years July 30, 2017 775 1,015,200 - 1,310 Uncompleted New SaleNORTH PARK RESIDENCES Apartment 99 years July 30, 2017 700 970,200 - 1,387 Uncompleted New SaleNORTH PARK RESIDENCES Apartment 99 years July 30, 2017 1,206 1,577,700 - 1,309 Uncompleted New SaleNORTH PARK RESIDENCES Apartment 99 years July 29, 2017 1,098 1,391,070 - 1,267 Uncompleted New SaleNORTH PARK RESIDENCES Apartment 99 years July 28, 2017 743 1,011,600 - 1,362 Uncompleted New SaleNORTH PARK RESIDENCES Apartment 99 years July 26, 2017 872 1,023,300 - 1,174 Uncompleted New SaleNORTH PARK RESIDENCES Apartment 99 years July 25, 2017 1,432 1,838,740 - 1,284 Uncompleted New Sale

NORTH PARK RESIDENCES Apartment 99 years July 25, 2017 700 948,600 - 1,356 Uncompleted New SalePARC LIFE EC 99 years July 30, 2017 1,109 844,800 - 762 Uncompleted New SalePARC LIFE EC 99 years July 30, 2017 753 603,840 - 801 Uncompleted New SalePARC LIFE EC 99 years July 30, 2017 1,281 1,008,000 - 787 Uncompleted New SalePARC LIFE EC 99 years July 30, 2017 1,281 1,046,400 - 817 Uncompleted New SalePARC LIFE EC 99 years July 30, 2017 1,066 846,720 - 795 Uncompleted New SalePARC LIFE EC 99 years July 30, 2017 1,066 830,400 - 779 Uncompleted New SalePARC LIFE EC 99 years July 30, 2017 1,270 1,017,600 - 801 Uncompleted New SalePARC LIFE EC 99 years July 30, 2017 1,270 1,015,680 - 800 Uncompleted New SalePARC LIFE EC 99 years July 29, 2017 764 619,200 - 810 Uncompleted New SalePARC LIFE EC 99 years July 29, 2017 1,066 854,400 - 802 Uncompleted New SalePARC LIFE EC 99 years July 29, 2017 1,281 1,026,060 - 801 Uncompleted New SalePARC LIFE EC 99 years July 29, 2017 1,281 1,050,240 - 820 Uncompleted New SalePARC LIFE EC 99 years July 29, 2017 1,270 985,920 - 776 Uncompleted New SalePARC LIFE EC 99 years July 29, 2017 1,001 810,240 - 809 Uncompleted New SalePARC LIFE EC 99 years July 28, 2017 1,044 842,800 - 807 Uncompleted New SalePARC LIFE EC 99 years July 28, 2017 1,066 834,240 - 783 Uncompleted New SalePARC LIFE EC 99 years July 28, 2017 1,109 844,800 - 762 Uncompleted New SalePARC LIFE EC 99 years July 27, 2017 1,001 786,240 - 785 Uncompleted New SalePARC LIFE EC 99 years July 26, 2017 1,001 728,640 - 728 Uncompleted New SaleSEMBAWANG COTTAGE Apartment Freehold July 26, 2017 1,884 1,170,000 - 621 1997 ResaleSIGNATURE AT YISHUN EC 99 years July 30, 2017 1,076 874,170 - 812 Uncompleted New SaleSIGNATURE AT YISHUN EC 99 years July 30, 2017 1,098 840,015 - 765 Uncompleted New SaleSIGNATURE AT YISHUN EC 99 years July 30, 2017 1,184 876,150 - 740 Uncompleted New SaleSIGNATURE AT YISHUN EC 99 years July 30, 2017 947 759,330 - 802 Uncompleted New SaleSIGNATURE AT YISHUN EC 99 years July 30, 2017 764 578,655 - 757 Uncompleted New SaleSIGNATURE AT YISHUN EC 99 years July 29, 2017 1,098 968,715 - 882 Uncompleted New SaleSIGNATURE AT YISHUN EC 99 years July 29, 2017 1,098 836,550 - 762 Uncompleted New SaleSIGNATURE AT YISHUN EC 99 years July 29, 2017 1,184 876,150 - 740 Uncompleted New SaleSIGNATURE AT YISHUN EC 99 years July 29, 2017 1,184 893,475 - 755 Uncompleted New SaleSIGNATURE AT YISHUN EC 99 years July 29, 2017 1,184 961,290 - 812 Uncompleted New SaleSIGNATURE AT YISHUN EC 99 years July 28, 2017 1,184 953,370 - 805 Uncompleted New SaleSIGNATURE AT YISHUN EC 99 years July 28, 2017 775 591,030 - 763 Uncompleted New SaleSIGNATURE AT YISHUN EC 99 years July 27, 2017 1,098 797,445 - 726 Uncompleted New SaleSIGNATURE AT YISHUN EC 99 years July 26, 2017 775 585,090 - 755 Uncompleted New SaleSIGNATURE AT YISHUN EC 99 years July 26, 2017 1,076 868,230 - 807 Uncompleted New SaleSIGNATURE AT YISHUN EC 99 years July 25, 2017 1,098 936,045 - 853 Uncompleted New SaleSIGNATURE AT YISHUN EC 99 years July 25, 2017 1,184 885,060 - 747 Uncompleted New SaleSIGNATURE AT YISHUN EC 99 years July 25, 2017 775 593,010 - 765 Uncompleted New SaleSYMPHONY SUITES Condominium 99 years July 30, 2017 1,023 1,104,000 - 1,080 Uncompleted New SaleSYMPHONY SUITES Condominium 99 years July 30, 2017 1,023 1,000,000 - 978 Uncompleted New SaleSYMPHONY SUITES Condominium 99 years July 30, 2017 1,023 1,044,000 - 1,021 Uncompleted New SaleSYMPHONY SUITES Condominium 99 years July 30, 2017 893 942,000 - 1,054 Uncompleted New SaleSYMPHONY SUITES Condominium 99 years July 30, 2017 1,023 1,074,000 - 1,050 Uncompleted New SaleSYMPHONY SUITES Condominium 99 years July 30, 2017 1,023 1,066,000 - 1,042 Uncompleted New SaleSYMPHONY SUITES Condominium 99 years July 30, 2017 1,023 1,066,000 - 1,042 Uncompleted New SaleSYMPHONY SUITES Condominium 99 years July 30, 2017 893 997,000 - 1,116 Uncompleted New SaleSYMPHONY SUITES Condominium 99 years July 30, 2017 915 973,000 - 1,063 Uncompleted New SaleSYMPHONY SUITES Condominium 99 years July 29, 2017 1,023 1,033,000 - 1,010 Uncompleted New SaleSYMPHONY SUITES Condominium 99 years July 29, 2017 1,023 1,027,000 - 1,004 Uncompleted New SaleSYMPHONY SUITES Condominium 99 years July 29, 2017 893 918,020 - 1,028 Uncompleted New SaleSYMPHONY SUITES Condominium 99 years July 29, 2017 1,023 1,091,000 - 1,067 Uncompleted New SaleSYMPHONY SUITES Condominium 99 years July 28, 2017 893 937,000 - 1,049 Uncompleted New SaleSYMPHONY SUITES Condominium 99 years July 28, 2017 1,023 1,034,000 - 1,011 Uncompleted New SaleSYMPHONY SUITES Condominium 99 years July 27, 2017 1,023 1,074,000 - 1,050 Uncompleted New SaleSYMPHONY SUITES Condominium 99 years July 27, 2017 689 753,000 - 1,093 Uncompleted New SaleSYMPHONY SUITES Condominium 99 years July 26, 2017 1,023 1,005,000 - 983 Uncompleted New SaleSYMPHONY SUITES Condominium 99 years July 25, 2017 1,023 1,120,000 - 1,095 Uncompleted New SaleSYMPHONY SUITES Condominium 99 years July 25, 2017 1,023 1,008,000 - 986 Uncompleted New SaleTHE BROWNSTONE EC 99 years July 30, 2017 936 737,600 - 788 Uncompleted New SaleTHE BROWNSTONE EC 99 years July 30, 2017 883 717,600 - 813 Uncompleted New SaleTHE BROWNSTONE EC 99 years July 29, 2017 915 766,400 - 838 Uncompleted New SaleTHE BROWNSTONE EC 99 years July 27, 2017 947 726,400 - 767 Uncompleted New SaleTHE BROWNSTONE EC 99 years July 25, 2017 915 792,000 - 866 Uncompleted New SaleTHE BROWNSTONE EC 99 years July 25, 2017 936 732,800 - 783 Uncompleted New SaleTHE CRITERION EC 99 years July 30, 2017 1,249 951,200 - 762 Uncompleted New SaleTHE CRITERION EC 99 years July 30, 2017 915 682,400 - 746 Uncompleted New SaleTHE CRITERION EC 99 years July 30, 2017 1,012 768,000 - 759 Uncompleted New SaleTHE CRITERION EC 99 years July 30, 2017 1,410 1,109,600 - 787 Uncompleted New SaleTHE CRITERION EC 99 years July 30, 2017 1,378 1,121,500 - 814 Uncompleted New SaleTHE CRITERION EC 99 years July 29, 2017 893 684,800 - 766 Uncompleted New SaleTHE CRITERION EC 99 years July 29, 2017 1,173 911,200 - 777 Uncompleted New SaleTHE CRITERION EC 99 years July 29, 2017 786 670,400 - 853 Uncompleted New SaleTHE CRITERION EC 99 years July 29, 2017 1,023 769,600 - 753 Uncompleted New SaleTHE CRITERION EC 99 years July 29, 2017 1,119 890,400 - 795 Uncompleted New SaleTHE CRITERION EC 99 years July 28, 2017 1,163 846,400 - 728 Uncompleted New SaleTHE CRITERION EC 99 years July 27, 2017 1,173 948,800 - 809 Uncompleted New SaleTHE CRITERION EC 99 years July 27, 2017 1,023 767,200 - 750 Uncompleted New SaleTHE CRITERION EC 99 years July 26, 2017 1,023 770,400 - 753 Uncompleted New SaleTHE CRITERION EC 99 years July 26, 2017 1,023 792,000 - 775 Uncompleted New SaleTHE CRITERION EC 99 years July 26, 2017 1,023 770,400 - 753 Uncompleted New SaleTHE CRITERION EC 99 years July 26, 2017 1,098 836,000 - 761 Uncompleted New SaleTHE CRITERION EC 99 years July 25, 2017 1,012 770,400 - 761 Uncompleted New SaleTHE CRITERION EC 99 years July 25, 2017 1,023 778,400 - 761 Uncompleted New SaleTHE CRITERION EC 99 years July 25, 2017 1,119 907,200 - 810 Uncompleted New SaleTHE CRITERION EC 99 years July 25, 2017 1,119 903,200 - 807 Uncompleted New SaleTHE MILTONIA RESIDENCES Condominium 99 years July 27, 2017 990 885,000 - 894 2014 ResaleTHE NAUTICAL Condominium 99 years July 25, 2017 764 800,000 - 1,047 2015 ResaleTHE VISIONAIRE EC 99 years July 30, 2017 980 796,000 - 813 Uncompleted New SaleTHE VISIONAIRE EC 99 years July 30, 2017 980 808,000 - 825 Uncompleted New SaleTHE VISIONAIRE EC 99 years July 30, 2017 1,141 965,000 - 846 Uncompleted New SaleTHE VISIONAIRE EC 99 years July 30, 2017 1,141 961,000 - 842 Uncompleted New SaleTHE VISIONAIRE EC 99 years July 30, 2017 1,023 827,000 - 809 Uncompleted New SaleTHE VISIONAIRE EC 99 years July 30, 2017 1,023 820,000 - 802 Uncompleted New SaleTHE VISIONAIRE EC 99 years July 29, 2017 721 624,000 - 865 Uncompleted New SaleTHE VISIONAIRE EC 99 years July 29, 2017 872 757,000 - 868 Uncompleted New SaleTHE VISIONAIRE EC 99 years July 29, 2017 980 832,000 - 849 Uncompleted New SaleTHE VISIONAIRE EC 99 years July 29, 2017 850 728,000 - 856 Uncompleted New SaleTHE VISIONAIRE EC 99 years July 28, 2017 721 639,000 - 886 Uncompleted New SaleTHE VISIONAIRE EC 99 years July 28, 2017 721 605,000 - 839 Uncompleted New SaleTHE VISIONAIRE EC 99 years July 28, 2017 980 826,000 - 843 Uncompleted New SaleTHE VISIONAIRE EC 99 years July 27, 2017 990 799,000 - 807 Uncompleted New SaleTHE VISIONAIRE EC 99 years July 27, 2017 980 797,000 - 814 Uncompleted New SaleTHE VISIONAIRE EC 99 years July 27, 2017 1,023 831,000 - 813 Uncompleted New SaleTHE VISIONAIRE EC 99 years July 27, 2017 872 734,500 - 842 Uncompleted New SaleTHE VISIONAIRE EC 99 years July 27, 2017 980 789,000 - 805 Uncompleted New SaleTHE VISIONAIRE EC 99 years July 26, 2017 1,152 863,000 - 749 Uncompleted New SaleTHE VISIONAIRE EC 99 years July 26, 2017 980 793,000 - 810 Uncompleted New SaleTHE VISIONAIRE EC 99 years July 25, 2017 721 622,000 - 862 Uncompleted New SaleTHE VISIONAIRE EC 99 years July 25, 2017 721 619,000 - 858 Uncompleted New SaleTHE VISIONAIRE EC 99 years July 25, 2017 1,141 967,000 - 848 Uncompleted New SaleTHE VISIONAIRE EC 99 years July 25, 2017 1,023 814,000 - 796 Uncompleted New SaleTHE VISIONAIRE EC 99 years July 25, 2017 1,281 1,009,000 - 788 Uncompleted New SaleTHE VISIONAIRE EC 99 years July 25, 2017 872 745,000 - 854 Uncompleted New SaleTHE WISTERIA Apartment 99 years July 25, 2017 969 1,089,712 - 1,125 Uncompleted New SaleTHE WISTERIA Apartment 99 years July 25, 2017 969 1,014,912 - 1,048 Uncompleted New SaleDistrict 28 BELGRAVIA VILLAS Terrace Freehold July 30, 2017 3,584 2,807,740 - 783 Uncompleted New SaleBELGRAVIA VILLAS Terrace Freehold July 29, 2017 3,584 2,807,740 - 783 Uncompleted New SaleJALAN TARI PAYONG Semi-Detached 999 years July 26, 2017 2,164 2,550,000 - 1,182 2005 ResaleLILAC PARK Terrace Freehold July 25, 2017 2,443 2,188,000 - 894 1990 ResaleMIMOSA GARDENS Semi-Detached Freehold July 28, 2017 3,143 3,060,000 - 973 2003 ResaleSELETAR HILLS ESTATE Terrace 999 years July 26, 2017 2,723 2,722,323 - 1,000 1996 ResaleSELETAR HILLS ESTATE Semi-Detached 999 years July 26, 2017 5,177 4,300,000 - 830 Unknown ResaleSELETAR SPRINGS Condominium 99 years July 28, 2017 1,561 1,030,000 - 660 2000 ResaleSUNRISE GARDENS Condominium 99 years July 25, 2017 1,281 920,000 - 718 1998 Resale

THEEDGE SINGAPORE | AUGUST 14, 2017 • EP27

DEAL WATCH

Recent transactions at One Amber

CONTRACT DATE (2017) AREA (SQ FT) PRICE ($) PRICE ($ PSF)

Aug 1 1,389 2,050,000 1,476July 31 1,453 2,000,000 1,376July 14 1,302 1,950,000 1,497June 15 1,701 2,310,000 1,358June 9 1,335 1,750,000 1,311

TABL

ES: U

RA, E

DGEP

ROP

Recent rental contracts for 1,300 to 1,400 sq ft units at One Amber

LEASE DATE MONTHLY RENT(2017) $ $ PSFJune 4,150 3.10 June 4,000 3.00 May 4,200 3.10 May 4,150 3.10May 4,200 3.10

| BY TAN CHEE YUEN |

Completed in 2010, One Amber

was among the first wave of

redevelopments following

the last collective sale wave

a decade ago. The 562-unit

freehold condominium at 1 Amber

Gardens was a redevelopment of the

former Maryland Park, purchased en

bloc in March 2005 by a consortium

made up of UOL Group and sister

companies United Industrial Corp

and Singapore Land.

The project contains four 23- storey

blocks and sits on a freehold site of

249,305 sq ft. It contains a mix of

one- to four-bedroom units, with sizes

ranging from 570 to 2,777 sq ft. Pent-

houses are from 3,046 to 3,514 sq ft.

The Amber Gardens neighbourhood in

prime District 15 has traditionally been

sought after by both owner- occupiers

and investors, given its proximity to

sought-after schools such as CHIJ

Katong Gonvent, Tao Nan School and

Victoria School, and lifestyle aspects

— for instance, the interest ing food

outlets at Joo Chiat and Siglap, East

Coast Park and the beach.

For those who drive, it is just 10

Two-bedroom unit atOne Amber going for $1.6m

to 15 minutes to the CBD and Marina

Bay. With the new Thomson- East

Coast Line, residents at One Amber

will also benefit from the project’s

proximity to the upcoming Tanjong

Katong MRT station, expected to

open in 2023.

This will have a great impact on the

prices of property in the area, notes

Paul Tan, an agent from PropNex

Realty, who is marketing a unit at

One Amber. When the freehold pro-

ject was first launched in March

2006, average prices were $725 psf.

The latest transaction at One Amber

was for a 1,389 sq ft, three- bedroom

unit on the 19th floor of one of the

blocks, which changed hands for

$2.05 million ($1,476 psf), based on

a caveat lodged on Aug 1. That same

unit last changed hands in a resale

in February 2012 for $1.83 million

($1,314 psf). The first owner paid

$1.11 million ($802 psf) for the unit

in October 2006.

On the market now is a 1,324 sq

ft, two-bedroom unit with an asking

price of $1.6 million ($1,209 psf),

according to a listing on EdgeProp.

sg. It is one of the rare two-bedroom

units of this size on the first level, and

comes with a spacious patio. The unit

is ideal for those who like to enter-

tain at home, notes Tan. It is owner-

occupied and in move-in condition,

he adds. The current owner is said

to be a Singaporean who has lived

in the unit for at least eight years.

Buying activity has picked up since

April, with 12 transactions over the

last four months, according to caveats

lodged. These ranged from $922,222

($1,617 psf) for a 570 sq ft, one-

bedroom unit on the 17th floor to $2.3

million ($1,358 psf) for a 1,701 sq ft,

four-bedroom unit on the 12th floor.

The pickup in activity could be the

result of CapitaLand’s official launch

of the 124-unit Marine Blue in March,

following its completion. Units have

been sold at average prices of $1,700

to $1,800 psf. Amber Skye, completed

in April, has also seen brisk sales.

Recent units sold at the development

ranged from $1,661 psf for a 1,216

sq ft, fifth-floor two-bedroom unit to

$2,217 psf for a 635 sq ft, one-bed-

room unit on the 19th floor, accord-

ing to caveats lodged.

Based on URA data in 1H2017,

The two-bedroom unit up for sale at One Amber is ideal for those who like to entertain

there were 22 rental contracts for units

of 1,300 to 1,400 sq ft at One Amber.

Monthly rents averaged $4,000. This

translates into a potential gross rental

yield of 3% based on the asking price.

Visit edgepr.link/DealWatch-S792

for more information. E

SAM

UEL

ISAA

C CH

UA/T

HE E

DGE

SIN

GAP

ORE

YES! Start my annual subscription now.

$238.00 (Inclusive of GST) for The Edge Collection 3-year plan and

save 70% off newsstand price

$118.00 (Inclusive of GST) for The Edge Collection 1-year plan

TYPE OF SUBSCRIPTION Corporate Personal Gift

Last name (Mr/Ms/Dr )

First name

Company

Job Title

Delivery Address Home Offi ce

Postal Code

Tel Fax

Mobile Email

Date Of Birth

PAYMENT OPTIONS

1. Credit Card. Please charge to my credit card

American Express MasterCard Visa

Cardholder’s name

Contact No Email

Card no

Expiry date

Signature

2. Cheque. My cheque payable to “The Edge Publishing Pte Ltd” is enclosed

Cheque no

3. Online. Visit subscribe.theedgesingapore.com

4. Phone. Please call 6232 8622 (Monday to Friday 9am to 5.30pm)

Mail the duly completed subscription form and cheque to:

The Edge Publishing Pte Ltd

150 Cecil Street #13-01 Singapore 069543

Tel: 6232 8622 Fax: 6232 8630 Email: hotlinespore@bizedge.com

*This special promotion ends on August 31, 2017. Subscription to The Edge Collection is non-cancellable and non-refundable.

The Edge Singapore (print version): Please allow 2-3 weeks for delivery to commence. Delivery charges apply for

non-Singapore addresses. Dining voucher limited to fi rst 400 subscribers for the $238 plan. Terms and conditions apply

** You hereby authorize The Edge Publishing Pte Ltd to charge to your credit card

for automatic subscription renewal as per the selected plan until you cancel your subscription.

If you wish to opt out of the auto-renewal, please check this box:

TES792/LAWRY’S

COLLECTION 3-Year plan at

$238 onlyThe Edge Singapore

(print + 3 digital access)+ The Edge Malaysia

(1 digital access)

SAVE 70% PLUS FREE!

Lawry’s The Prime Rib $50 dining voucher

SUBSCRIBENOW!

There’s no better place to celebrate your special occasions than at Lawry’s. Located in the heart of Orchard Road, Lawry’s The Prime Rib Singapore is renowned for its exceptional American cuisine. The restaurant has a seating capacity of 170, with six private dining rooms equipped with state of the art presentation facilities for private as well as corporate events.

Expect impeccable standard of service and savour the all-time-favourite Signature Roasted Prime Rib of Beef, carved from “Silver Carts” and served with the Famous Original Spinning Bowl Salad. With choices of à la carte and set menus featuring unique dishes, enjoy a world-class dining experience you will never forget!

Celebrating Special Occasions Since 1938

Visit www.lawrys.com.sg to fi nd out the latest special menu at Lawry’s.

* Terms and conditions apply

Visit http://subscribe.theedgesingapore.com to subscribe now!

LAWRY’S THE PRIME RIB333A Orchard Road

#04-01/31 Mandarin GallerySingapore 238897

www.lawrys.com.sg

Operating hours: Lunch:

11.30am to 4pm (last order)Dinner:

Sunday to Thursday:5pm to 10pm (last order)

Friday, Saturday and eve ofpublic holiday: 5pm to 10.30pm (last order)

For reservations, please call: 6836 3333

EP28 • THEEDGE SINGAPORE | AUGUST 14, 2017