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Copyright©2017 StreetSine Pte. Ltd.
Real Estate Direct Investment
Sam Baker
SRX Property
2 0 1 7
Copyright©2017 StreetSine Pte. Ltd.2
srx.com.sg
>>>>>> More
>>>>>> SRX News
>>>>>> Research
Copyright©2017 StreetSine Pte. Ltd.3
SRX Private Condo Price Index
Copyright©2017 StreetSine Pte. Ltd.4
SRX Private Condo Resale Volume
Copyright©2017 StreetSine Pte. Ltd.5
SRX HDB Resale Price Index
Copyright©2017 StreetSine Pte. Ltd.6
HDB Resale Volume
Copyright©2017 StreetSine Pte. Ltd.7
28 Shades of Red
Copyright©2017 StreetSine Pte. Ltd.
District Project Developer TOP date Total Unit Volume Average PriceLowest
PSF
Average
PSF
Highest
PSF
D9 OUE TWIN PEAKS Cove Development Pte Ltd 2015 462 233 $2,265,000 $2,100 $2,647 $3,130
D10 D'LEEDON Capitaland 2014 1,715 119 $2,304,000 $811 $1,554 $2,020
D4 THE INTERLACE Ankerite Pte Ltd 2013 1,040 111 $2,341,000 $645 $1,062 $1,375
D27 THE ESTUARY MCL Land 2013 608 60 $900,000 $711 $937 $1,170
D4 SKYLINE RESIDENCES Bukit Sembawang 2015 283 39 $1,751,000 $1,641 $1,892 $2,312
D4 CARIBBEAN AT
KEPPEL BAY Keppel Land 2004 - 39 $2,071,000 $966 $1,453 $1,775
D15 THE SEA VIEW Wheelock Properties 2008 546 38 $1,848,000 $1,484 $1,589 $1,840
D15 THE MEYERISE Hong Leong Holdings Limited 2014 239 37 $2,256,000 $1,499 $1,920 $2,259
D16 THE BAYSHORE Far East Organization 1996 - 33 $988,000 $815 $904 $1,018
D19 THE QUARTZ GuocoLand Limited 2009 625 32 $1,084,000 $717 $917 $1,004
8
Private Non-Landed New Sale 2016
Private Non-Landed Resale 2016
District Project Developer Total Unit Volume Average Price Lowest PSF Average PSF Highest PSF
D22 LAKE GRANDE MCL Land 710 557 $992,000 $1,173 $1,360 $1,541
D23 WANDERVALE SIM LIAN GROUP 534 527 $828,000 $678 $760 $836
D19 TREASURE CREST SIM LIAN GROUP 504 508 $832,000 $670 $744 $815
D23 SOL ACRES MCL Land 1,327 432 $766,000 $708 $790 $877
D19 FOREST WOODS CDL 519 389 $1,086,000 $1,176 $1,408 $1,529
D19 THE TERRACE Kheng Leong Co 747 378 $887,000 $727 $790 $904
D18 THE ALPS RESIDENCES MCL Land 626 367 $714,000 $980 $1,078 $1,208
D27 THE VISIONAIRE Qingjian Realty 632 332 $870,000 $720 $811 $883
D12 GEM RESIDENCES Evia Real Estate 578 322 $907,000 $1,262 $1,426 $1,544
D13 THE POIZ RESIDENCES MCL Land 731 304 $1,027,000 $983 $1,422 $1,572
2016 Top 10
Copyright©2017 StreetSine Pte. Ltd.9
Private Landed-Terrace House Resale 2016
Private Landed-Semi-Detached Resale 2016
District Project Average Price Lowest PSF Average PSF Highest PSF Volume
D19 SERANGOON GARDEN ESTATE $3,839,000 $664 $1,156 $1,659 19
D28 SELETAR HILLS ESTATE $3,242,000 $733 $915 $1,234 13
D15 FRANKEL ESTATE $5,164,000 $952 $1,254 $1,769 13
D13 SENNETT ESTATE $3,916,000 $845 $1,002 $1,260 5
D10 BAN GUAN PARK $5,616,000 $1,417 $1,517 $1,728 5
D27 SEMBAWANG SPRINGS ESTATE $3,109,000 $690 $936 $1,183 5
D26 POETS VILLAS $2,015,000 $548 $589 $610 4
D26 SPRINGLEAF GARDEN $3,295,000 $758 $859 $967 4
D22 WESTVILLE $1,535,000 $683 $706 $744 4
D17 BUKIT LOYANG ESTATE $2,740,000 $697 $748 $802 3
District Project Average Price Lowest PSF Average PSF Highest PSF Volume
D19 SERANGOON GARDEN ESTATE $2,995,000 $873 $1,155 $1,663 40
D15 OPERA ESTATE $2,208,000 $747 $1,205 $1,889 21
D20 SEMBAWANG HILLS ESTATE $2,434,000 $758 $1,091 $1,525 21
D23 VILLA VERDE $1,573,000 $680 $845 $972 16
D27 THE SHAUGHNESSY $1,413,000 $337 $422 $466 15
D27 AVANT PARC $2,328,000 $892 $1,117 $1,368 14
D13 SENNETT ESTATE $2,090,000 $534 $1,205 $1,712 13
D27 SPRINGHILL $1,402,000 $432 $469 $489 13
D17 LOYANG VILLAS $1,520,000 $582 $762 $960 12
D20 THOMSON GARDEN ESTATE $1,583,000 $805 $1,385 $1,643 10
2016 Top 10
Copyright©2017 StreetSine Pte. Ltd.
Private Landed-Detached Resale 2016
10
District Project Average Price Lowest PSF Average PSF Highest PSF Volume
D15 FRANKEL ESTATE $7,556,000 $772 $1,119 $1,775 11
D15 Branksome Road $11,435,000 $1,143 $1,702 $2,101 9
D28 SELETAR HILLS ESTATE $7,168,000 $868 $1,080 $1,372 6
D11 DUNEARN ESTATE $11,503,000 $1,290 $1,576 $1,801 6
D19 SERANGOON GARDEN ESTATE $4,553,000 $791 $1,060 $1,468 6
D15 SEVEN CRESCENT $3,600,000 $776 $776 $776 5
D10 MT SINAI RESIDENCES $4,104,000 $657 $661 $664 4
D10 SHAMROCK PARK $11,500,000 $1,190 $1,322 $1,461 3
D15 GOODMAN CREST $3,492,000 $627 $650 $691 3
D15 Wilkinson Road $20,369,000 $1,136 $1,156 $1,170 3
2016 Top 10
Copyright©2017 StreetSine Pte. Ltd.11
Resale Non-Landed Private Volume by Districts
11.1%
85.2%
48.8%
27.0%
0.7%
31.8%15.5%
5.0%20.0%
-7.8%
11.7%
67.5%
24.6%
5.0%11.9%
43.7%
0.0%0.0%
22.6%8.4%
-10.2%
67.5%
-5.8%
43.9%
16.2%
-9.7%
-300.0%
-250.0%
-200.0%
-150.0%
-100.0%
-50.0%
0.0%
50.0%
100.0%
0
200
400
600
800
1000
1200
15 9 10 19 23 21 18 16 11 5 14 4 12 20 22 27 25 3 8 17 1 2 26 28 13 7
% Incre
ase
Volu
me
Districts
Non-landed Private Resale Volume & Change By Districts
2015 2016 % Increase
Copyright©2017 StreetSine Pte. Ltd.12
0.2%
23.0%
12.0%
3.8%
1.7%8.7%
8.3%
21.8%
4.9%
46.1%
2.9%13.4%
11.7%
27.4%
-6.9%
1.1%
1.0%3.8%
-3.4%
5.3%
10.0%
9.0%
20.5%
-12.7%
3.6%
68.6%
-300.0%
-250.0%
-200.0%
-150.0%
-100.0%
-50.0%
0.0%
50.0%
0
500
1000
1500
2000
2500
Ju
rong
West
Se
ng
kan
g
Woo
dla
nd
s
Tam
pin
es
Be
do
k
Yis
hun
Ho
ug
an
g
Ch
oa
Ch
u K
an
g
An
g M
o K
io
Pu
ng
gol
Bu
kit B
ato
k
Bu
kit P
an
jan
g
Bu
kit M
era
h
Ka
llang
/Wha
mpo
a
Pa
sir
Ris
Toa
Pa
yo
h
Geyla
ng
Se
mb
aw
an
g
Que
en
sto
wn
Cle
me
nti
Ju
rong
Ea
st
Se
ran
goo
n
Bis
han
Ce
ntr
al A
rea
Ma
rine
Pa
rad
e
Bu
kit T
ima
h
% I
ncre
ase
Vo
lum
e
HDB Towns
HDB Resale Volume & Change By Towns
2015 2016 % Increase
Resale HDB Volume by HDB Towns
Copyright©2017 StreetSine Pte. Ltd.13
234 228
103 78
916
266 222
113
52
870
-
100
200
300
400
500
600
700
800
900
1,000
Office Retail Shop House Warehouse Factory
Vo
lum
e
Commercial Property Type
Commercial Transaction Volume
2015 2016
Commercial Transaction Volume
Copyright©2017 StreetSine Pte. Ltd.14
Direct Investment Opportunities
Market Economics Resale Value Uniqueness Value of Money
Copyright©2017 StreetSine Pte. Ltd.
65,327
65,884
67,481 67,462
69,283
154
170 175168 165 165
179
207 206 207195
189
139150 146
138 136 136
65,000
66,000
67,000
68,000
69,000
70,000
71,000
72,000
73,000
74,000
75,000
0
50
100
150
200
250
2011 2012 2013 2014 2015 2016
Inco
me (
S$)
Pri
ce I
nd
ex
Year
Price Index vs. Per Capita GNI (Gross National Income)
Per Capita GNI Condo/Apart Resale Landed Resale HDB Resale
15
*Data source: SRX, Sing Stats
Economic Indicators
Copyright©2017 StreetSine Pte. Ltd.16
5,183.75,312.4 5,399.2 5,469.7 5,535.0 5,607.3
3,257.2 3,285.1 3,313.5 3,343.0 3,375.0 3,408.9
532.0 533.1 531.2 527.7 527.7 524.6
1,394.4 1,494.2 1,554.4 1,599.0 1,632.3 1,673.7
2011 2012 2013 2014 2015 2016
0
1,000
2,000
3,000
4,000
5,000
6,000
Year
Th
ou
san
ds p
eo
ple
Population Distribution
Population Citizens PRs Foreigners
Social Indicators
Copyright©2017 StreetSine Pte. Ltd.17
1146.2 1152.0 1174.5 1200.0 1225.3
27,25827,936
26,254
28,407 28,322
7,604 7,237 7,525 7,307 7,522
0
5,000
10,000
15,000
20,000
25,000
30,000
2011 2012 2013 2014 2015
Th
ou
san
ds
Year
Family Creations
Resident Households Total Marriages Total Divorces & Annualments
Social Indicators
Copyright©2017 StreetSine Pte. Ltd.18
Sales to Foreigners by Nationality, 2016
China35%
Malaysia 29%
India 12%
Indonesia 12%
USA 4%
United Kingdom 2%
Australia 2% Taiwan
2%
Philippines 1%
Vietnam 1%
Copyright©2017 StreetSine Pte. Ltd.19
Trends in Chinese Buying
0
2000
4000
6000
8000
10000
12000
2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016
Vo
lum
e
Transaction Volume: Foreign Nationals vs. Chinese Nationals (2006 - 2016)
Total Transaction Volume by All Foreign Nationals Transaction Volume by Chinese Nationals
Copyright©2017 StreetSine Pte. Ltd.20
Your Neighborhood
Copyright©2017 StreetSine Pte. Ltd.21
HDB Days on Market (DOM)
0.00%
1.00%
2.00%
3.00%
4.00%
5.00%
6.00%
7.00%
8.00%
0
20
40
60
80
100
120
Pri
ce
Sp
rea
d
Days o
n M
ark
et
HDB Median DOM and Median Price Spread
Median Days on Market Median Price Spread
Copyright©2017 StreetSine Pte. Ltd.22
Condos Days-on-Market (DOM)
0.00%
1.00%
2.00%
3.00%
4.00%
5.00%
6.00%
7.00%
8.00%
9.00%
10.00%
0
20
40
60
80
100
120
140
160
180
200
Pri
ce
Sp
rea
d
Days o
n M
ark
et
NLP Median DOM and Median Price Spread
Median Days on Market Median Price Spread
Copyright©2017 StreetSine Pte. Ltd.23
2016 1H and 2H Land Sales
No. Address Developer Site Area (sq m) Tender Price (S$)
2016 1H Land Sales
1 Siglap RoadFCL Topaz Pte. Ltd., Sekisui House, Ltd. and KH
Capital Pte. Ltd.19,309.6 $624,180,000
2New Upper Changi Road / Bedok
South Avenue 3CEL Residential Development Pte. Ltd. 24,394.0 $419,380,000
3 Yio Chu Kang Road Hoi Hup Realty Pte Ltd 18,422.9 $183,800,000
4 Jalan Kandis Dillenia Land Pte. Ltd. 7,045.6 $51,070,228
5 Bukit Batok West Avenue 6
Qingjian Realty (BBR) Pte Ltd. and Qingjian Realty
(BBC) Pte Ltd. 14,696.7 $301,160,000
2016 2H Land Sales
6 Martin Place First Bedok Land Pte Ltd 15,936.1 $595,100,000
7 Anchorvale LaneHoi Hup Realty Pte Ltd and Sunway Developments
Pte Ltd21,014.6 $240,950,000
8 Fernvale RoadSing Development (Private) Limited and Wee Hur
Development Pte. Ltd.17,195.9 $287,100,000
9 Central Boulevard Wealthy Link Pte Ltd 10,868.7 $2,568,686,688
10 Margaret Drive MCL Land (Regency) Pte. Ltd. 4,809.8 $238,390,301
2016 Government Land Sales
Copyright©2017 StreetSine Pte. Ltd.24
2017 Upcoming Land Sales
No Address Land UseSite Area
(Ha)
Gross Plot
Ratio
Estimated
Housing
Units
Estimated
Commercial
Space (sq m)
Sales
Agent
Estimated
Launch Date
Confirmed List
1 Toh Tuck Road Residential 1.87 1.4 325 - URA 17-Feb
2Tampines Avenue 10
(Parcel C)Residential 2.17 2.8 715 - URA 17-Mar
3 Lorong 1 Realty Park Residential 1.31 Landed 50 - URA 17-Apr
4Serangoon North
Aveune 1Residential 1.72 2.5 505 - URA 17-May
5 Woodleigh Lane Residential 1.96 3 735 - URA 17-May
6 Upper Serangoon Road Commercial & Residential 2.55 3.5 825 15,000 HDB 17-1Q
Reserve List
1 Stirling Road Residential 2.11 4.2 1110 - URA Available
2Bartley Road / Jalan
Bunga RampaiResidential 0.47 2.1 115 - URA Available
3 Sumang Walk Executive Condominium 2.73 3.0 775 - HDB Available
4 Yishun Avenue 9 Residential 2.17 2.8 715 - URA 17-May
5 Owen Road Residential 1.38 3.5 605 - URA 17-Jun
6 Jiak Kim Street Residential 1.33 3.8 515 1,500 URA 17-Jun
7 Fourth Aveune Residential 2.02 1.8 455 - URA 17-Jun
8 Holland Road Commercial & Residential 2.30 2.6 570 13,500 URA Available
9 Beach Road Commercial 2.10 4.2 - 88,200 URA Available
10 Woodlands Square Commercial 2.24 3.5 275 54,880 URA Available
2017 Upcoming Government Land Sales
Copyright©2017 StreetSine Pte. Ltd.
0.0%
10.0%
20.0%
30.0%
40.0%
50.0%
60.0%
70.0%
0
5,000
10,000
15,000
20,000
25,000
2011 2012 2013 2014 2015 2016
Ta
ke
Up
Ra
te %
Un
its
Year
CCR
Units Sold Total Units Take Up Rate
25
0.0%10.0%20.0%30.0%40.0%50.0%60.0%70.0%80.0%90.0%
0
5,000
10,000
15,000
20,000
25,000
2011 2012 2013 2014 2015 2016
Ta
ke
Up
Ra
te %
Un
its
Year
RCR
0.0%
20.0%
40.0%
60.0%
80.0%
100.0%
0
10,000
20,000
30,000
40,000
50,000
2011 2012 2013 2014 2015 2016
Ta
ke
Up
Ra
te %
Un
its
Year
OCR
Units Sold Total Units Take Up Rate
0.0%
20.0%
40.0%
60.0%
80.0%
100.0%
-
2,000
4,000
6,000
8,000
10,000
12,000
2011 2012 2013 2014 2015 2016
Ta
ke
Up
Ra
te %
Un
its
Year
EC (OCR)
Units Sold Total Units Take Up Rate
Take-Up Rates of New Condo Launches
Copyright©2017 StreetSine Pte. Ltd.26
0.0%
10.0%
20.0%
30.0%
40.0%
50.0%
60.0%
70.0%
80.0%
0
500
1,000
1,500
2,000
2,500
3,000
2011 2012 2013 2014 2015 2016
Ta
ke
Up
Ra
te %
Un
its
Year
CCR
Units Sold Total Units Take Up Rate
0.0%
10.0%
20.0%
30.0%
40.0%
50.0%
60.0%
70.0%
80.0%
90.0%
0
200
400
600
800
1,000
1,200
1,400
1,600
1,800
2,000
2011 2012 2013 2014 2015 2016
Ta
ke
Up
Ra
te %
Un
its
Year
RCR
Units Sold Total Units Take Up Rate
0.0%10.0%20.0%30.0%40.0%50.0%60.0%70.0%80.0%90.0%
0
1,000
2,000
3,000
4,000
5,000
6,000
7,000
8,000
2011 2012 2013 2014 2015 2016
Ta
ke
Up
Ra
te %
Un
its
Year
OCR
Units Sold Total Units Take Up Rate
Take-up Rates of New Landed Launches
Copyright©2017 StreetSine Pte. Ltd.27
Condos Facing ABSD Deadlines in 2017
S/N Development Name ABSD
Deadline
Total No. of Units Unsold Units Take-up Rate
1 The Trilinq 2017 Q1 755 278 63.2%
2 Mon Jervois 2017 Q1 109 43 60.6%
3 eCO 2017 Q1 748 7 99.1%
4 Kingsford Hillview Peak 2017 Q1 512 17 96.7%
5 Stratum 2017 Q2 380 14 96.3%
6 Vue 8 Residence 2017 Q2 463 71 84.7%
7 Pollen & Bleu 2017 Q2 106 93 12.3%
8 Sant Ritz 2017 Q3 214 9 95.8%
9 The Siena 2017 Q3 54 12 77.8%
10 The Venue Residences 2017 Q3 266 92 65.4%
11 The Crest 2017 Q3 469 323 31.1%
12 The Glades 2017 Q4 726 121 83.3%
13 Sky Vue 2017 Q4 694 12 98.3%
14 Alex Residences 2017 Q4 429 149 65.3%
Copyright©2017 StreetSine Pte. Ltd.28
Condos Facing QC Deadlines in 2017
* The list is not exhaustive
S/N Development Name ABSD Deadline Total No. of Units Unsold Units Take-up Rate
1 Altez 2017 (2nd Year of Extension) 280 38 86.4%
2 Waterscape at
Cavenagh
2017 (2nd Year of Extension) 200 51 74.5%
3 Starlight Suites 2017 (2nd Year of Extension) 105 31 70.5%
4 Concourse Skyline 2017 (2nd Year of Extension) 360 119 66.9%
5 Skysuites @ Anson 2017 (2nd Year of Extension) 360 134 62.8%
6 The Meyerise 2017 (2nd Year of Extension) 239 91 61.9%
7 Tomlinson Heights 2017 (2nd Year of Extension) 70 36 48.6%
8 Twentyone Angullia
Park
2017 (2nd Year of Extension) 54 45 16.7%
9 Le Nouvel Ardmore 2017 (2nd Year of Extension) 43 39 9.3%
10 Ardmore Three 2017 (2nd Year of Extension) 84 80 4.8%
11 Skyline Residences 2017 283 47 83.4%
12 Sky Habitat 2017 509 135 73.5%
13 Robin Residences 2017 134 37 72.4%
14 Leedon Residences 2017 381 124 67.5%
15 RV Residences 2017 248 88 64.5%
16 Skyline @ Orchard
Boulevard
2017 40 32 20.0%
Copyright©2017 StreetSine Pte. Ltd.29