12 August 2014

Comparative Market

Analysis Hillion (99 yrs)

Commercial / Residential Development

Jelebu Road / Petir Road

GLS awarded on 02 Dec 11

Land Size: 204,024 sqft (PR 3.0)

Land Price: $492,882,000 ($805 psf ppr)

Tree House (99 yrs)

City Developments Limited (Residential)

Chestnut Ave

Land Size: 244,815 sqft (PR 2.1)

429 Units in 4 Blocks of 24 Stories

TOP 2014

Sub Sales Transacted Price Psf : $894 -$1102 psf

Foresque Residences (99 yrs)

Wing Tai (Residential)

Petir Road

Land Size: 244,815 sqft (PR 2.1)

496 Units in 5 Blocks of 24 Stories

TOP 1st Half 2015

Transacted Price Psf $845 - $1378 psf

ECO Sanctuary (99 yrs)

SP Setia (Residential)

Chestnut Avenue

GLS awarded on 24 Nov 2011

Land Size: 201,286 sqft (PR 2.1)

Land Price: $180,000,000 ($426 psf ppr)

Est 450 units

SCB Terraform (99 yrs) Landed

Chestnut Ave / Almond Ave

GLS awarded on 08 Dec 11

Land Size: 138,783 sqft

Land Price: $70,800,000 ($510 psf ppr)

40 units – 10 Bungalows / 30 SemiD

SemiD – 2200 / 4900 sqft

Asking $3.5m

Skywoods (99 yrs)

Residential (2.1)

Dairy Farm Road

GLS awarded on 18 Sept 2012

Land Size: 188,861 sqft

Land Price: $244,318,000 ($616 psf ppr)

Kingsford @ Hillview Peak

Kingsford Development Pte Ltd (99 yrs)

Residential (2.8)

Hillview Ave

GLS awarded on 06 March 2012

Land Size: 136,147 sqft

Land Price: $243,216,999 ($638 psf ppr)

The Hillier (99 yrs)

Far East Organization

Commercial / Residential Development

Hillview Ave

Land Size: 158,863.84 sqft

528 Units in 2 Blocks of 22 / 28 Stories

TOP 2016. 506 units (96%) Sold

Transacted Price Psf $1093 - $1779 psf

Comparative Market Analysis

Project Name Tree House Foresque Residences The Tennery Hillier

Developer CDL Wing Tai Asia Far East Organization Far East Organization

Location 60, 62, 66, 68

Chestnut Ave 101, 103, 105, 107 & 109 Petir Road

3, 3A, 5, 5A

Woodlands Road Hill View Avenue

Tenure 99 yrs frm 23 Nov 2009 99 yrs frm 10 Jan 2011 99 yrs frm 24 May 2010 99 yrs frm 01 Aug 2011

Est. TOP Dec 2014 2014 2014 30 June 2015

District 23 23 23 23

Plot Size 244,345 sqft 244,000 sqft Residential – 168,403 sqft

Commercial – 121,192 sqft 153,864 sqft

Type of

Development

Residential

4 Towers of 24 Storey

Residential

5 Towers of 24 Storey

Mixed Development

4 Towers of 16 Storey

Mixed Development - 2 Towers

London Tower 28 Storey

New York Tower 22 Storey

Architect ADDP Architects ARC Studio Architect RSP Architects RSP Architects

Total Units 429 units 496 units 338 units 528 units

Type Of Units

2 br - 48 units (11%)

721 / 926 / 990 sqft

2 + Study - 72 units (17%)

807/ 1012/ 1076 sqft

3 br – 119 units (28%)

1152/ 1163/ 1292/ 1485/ 1550 sqft

3 + Study – 116 units (27%)

1227/ 1249/ 1550/ 1625/ 1636 sqft

4 br – 66 units (15%)

1410/ 1561/ 1959 sqft

PH 3br – 5 units (1%)

1970/ 2024/ 2282 sqft

PH 5br – 3 units 2917 sqft

Cabana units – 18 units (4%)

1515 – 2013 sqft

1 br – 38 units (8%)

463 sqft

2 br – 126 units (25%)

667/ 710/ 732/ 743 sqft

3 br – 168 units (34%)

1130/ 1184 sqft

3+ Study – 84 units (17%)

1238/ 1270/ 1281 sqft

4 br – 42 units (8%)

1399 / 1421/ 1432 sqft

Penthouse – 20 units (4%)

1119 sqft – 2573 sqft

1 br – 227 units (67%)

614 / 624 sqft

2br – 111 units (33%)

850 – 937 sqft

New York Tower – 270 units

1 br – 60 units (11%)

445 – 502 sqft

1+study – 150 units (28%)

514 – 570 sqft

2+study – 60 units (11%)

698 – 727 sqft

London Towers – 258 units

1 br – 78 units (15%)

502 – 510 sqft

1+study – 80 units (15%)

536 – 554 sqft

2+study – 100 units (19%)

691 – 729 sqft

Remarks SOHO Concept – 3.4m Ceilings

Abv Bukit Panjang LRT

2 Different Theme

SOHO Concept – High Ceilings

Sales Status as @

Aug 2014 Sold 429 Units (100 %)

Sold 475 Units (96%)

Bal: 21 units Sold 338 Units (100%) Sold 506 Units (96%)

Last 5

Transactions

Re-Sales Transacted Price Psf : $1042 -$1177 psf

20 Jun 14: #13-17, 1152 sqft - $1068 psf

10 Jun 14: #14-10 ,1410 sqft- $1092 psf

27 May 14: #08-11, 1152 sqft - $1042 psf

9 May 14: #17-15, 1410 sqft - $1177 psf

2 May 14: #14-09, 1249 sqft -$1078 psf

Subsale:

02 Jun 14: #23-20, 463 sqft $1491 psf

New Sale:

03 Apr 14: #14-13, 1399 sqft, $1286 psf

13 Jan 14: # 01-05, 1518 sqft, $1240 psf

27 Dec 13: #01-04, 1528 sqft, $1163 psf

20 Jul 13: #01-15, 1690 sqft, $1273 psf

Subsale:

08 Apr 14: #08-21, 861 sqft, $1109 psf

14 Feb 14: #11-33, 614 sqft, $1271 psf

02 May 13: #08-24, 614 sqft, $1304 psf

07 Feb 13: #08-31, 614 sqft, $1320 psf

28 Jan 13: #07-23, 624 sqft, $1217 psf

New Sale:

19 Mar 14: #07-10, 818 sqft, $1229 psf

17 Mar 14: #13-01, 506 sqft, $1277 psf

13 Feb 13: #24-04, 614 sqft, $1536 psf

30 Jan 13: #25-04, 614 sqft, $1538 psf

Comparative Market Analysis

Project Name The SkyWoods Hillion Residence Kingsford @ Hillview Peak

Developer Bukit Timah Green Development Pte Ltd Sim Lian Group Kingsford Development Pte Ltd

Location Diary Farm Road 8, 10,12 Jelebu Road 101, 103, 105

Hillview Rise

Tenure 99 yrs frm 21 December 2012 99 yrs frm 04 January 2013 99 yrs frm 04 June 2012

Est. TOP 31 Dec 2016 2017 30 November 2016

District 23 23 23

Plot Size 188, 863 sqft 204,026 sqft 136,148.45 sqft

Type of Development Residential

6 Towers of 15 Storey

Mixed Development comprises of retail &residential ,

integrated with bus interchange, link to Bt Panjang LRT

3 Towers of 23 Storey

Residential

1 Tower of 26 storey

2 Towers of 12 storey

Architect Design Link Architects Pte Ltd

Total Units 420 units 546 units 512 units

Type Of Units

1+1 br - 28 units (6%)

527 - 581 sqft

2 br – 70 units (16%)

614 – 840 sqft

3 br (Compact) – 84 units (20%)

872 – 1119 sqft

3 br (Standard) – 126 units (30%)

990 – 1184 sqft

4 br (Compact) – 56 units (15%)

1119 – 1389 sqft

4 br (Standard) – 28 units (6%)

1292 – 1496 sqft

PH 1+Study to 4 br – 28 units (6%)

592 – 1625 sqft

1 br – 213 units (39%) 463 - 549 sqft

1 br (SOHO) – 120 units (22%) 463 & 474 sqft

2 br – 104 units (19%) 710 & 872 sqft

2 br (SOHO) – 60 units (11%) 710sqft

3 br – 16 units (2%)

1163 sqft

4 br – 22 units (4%)

1356 – 1410 sqft

Penthouse – 16 units (3%)

1 br: 517 – 635 sqft

1 br (PES): 603 – 732 sqft

1+Study: 603 – 635 sqft

1+Study (PES): 732 sqft

2 br: 775 – 915 sqft

2 br (PES): 947 – 1076 sqft

3 br: 1044 – 1216 sqft

3 br (PES): 1324 – 1399 sqft

4 br: 1249 – 1399 sqft

4 br (PES): 1572 sqft

1 br (PH): 980 – 1119 sqft

2 br (PH): 990 sqft

3 br (PH): 1851 – 2207 sqft

4 br (PH): 2530 sqft

Remarks 3 & 4 br Sold Out

Sales Status as @ Jun

2014

Launched in October 2013

Sold 101 Units (24 %)

Sold 258 Units (47%)

Bal: 288 units Sold 160 Units (31%)

Avg Price ($) PSF

Achieved

Last 5 New Sales Transacted

23 Jul 14: #11-07, 1195 sqft - $1196 psf

22 Jul 14: #06-16, 614 sqft- $1318 psf

22 Jul 14: #08-19, 527 sqft - $1308 psf

21 Jul 14: #10-18, 527 sqft - $1308 psf

17 Jul 14: #09-15, 624 sqft -$1307 psf

Last 5 New Sales Transacted

03 Jul 14: #15-15, 463 sqft - $1526 psf

07 Apr 14: #08-04, 463 sqft- $1509 psf

20 Mar 14: #08-28, 463 sqft - $1459 psf

18 Mar 14: #08-16, 463 sqft - $1421 psf

19 Feb 14: #10-09, 463 sqft - $1438 psf

Last 5 New Sales Transactions:

21 Jul 14: #03-25, 775 sqft, $1347 psf

14 Jul 14: #05-23, 527 sqft, $1463 psf

04 Jun 14: #05-30, 517 sqft, $1447 psf

29 May 14: #03-17, 1044 sqft, $1317 psf

25 Apr 14: #10-33, 786 sqft, $1433 psf