Issue 326

Copyright 2011-2016 www.propwise.sg. All Rights Reserved.

 CONTENTS FROM THE

p2 3 Property Lessons Learnt from the

EDITOR
Welcome to the 326th edition of the
Singapore Property Weekly.
National Day Rally 2017
Hope you like it!
p8 Resale Property Transactions
Mr. Propwise
(August 14 August 18)

Contribute
Do you have articles and insights and articles that youd like to share
with thousands of readers interested in the Singapore property
market? Send them to us at info@propwise.sg, and if theyre good
enough, well publish them here, on our blog and even on Yahoo!
News.
Advertise
Want to get your brand, product, service or property listing out to
thousands of Singapore property investors at a very reasonable
cost? Head over to www.propwise.sg/advertise/ to find out more.
 SINGAPORE PROPERTY WEEKLY Issue 326

3 Property Lessons Learnt from the National Day

Rally 2017

By Property Soul (guest contributor)

Did you watch the recent 2017 National Day

Rally? No, our Prime Minister didnt mention
the master plan or the property market. Nor
did he cover any schedule to relax the cooling
measures. As expected, theres no mention of
the MRT either.

He only talked about e-payments, diabetes

and pre-school education.Tay KahPoh,
Executive Director & Head of Residential
Services at Knight Frank, told me this
recently:In Singapore, there are only three
things that people really care: education,
wealth and health.

Back to Contents Page | 2

 SINGAPORE PROPERTY WEEKLY Issue 326
And we talk about them all the time.I couldnt
agree with him more.
Education, wealth and health are all that
matters nearby schools, PSLE, overseas
education, stocks, properties, CPF,
retirement, diseases, diet, etc. When we are
below 20, we talk about our grades in
schools. When we are in our 20s, we talk
about our salaries at work. When we are in
our 30s, we talk about our homes and cars.
When we are in our 40s, we talk about our
childrens grades, our homes and cars. When
we are in our 50s, we talk about our savings
and retirement plan. When we are in our 60s,
we talk about how many pills we take every
day. When we are over 70, we talk about how
many grandchildren we have and which
schools they go to.
You see, our whole life revolves around
Back to Contents
education, wealth and health. Thats why our
PM talked about pre-school education, e-
payments and diabetes. And dont be
disappointed that he didnt mention properties
in his speech. I can always relate anything to
our favorite topic.
Below are three very important lessons I
picked up from our PMs speech:
Lesson #1 It is precisely because you
are not worried that I am worried
The average life expectancy of Singaporeans
is 82, but we have an average of 8 years of ill
health in our final years. Above all, 3 in 10
Singaporeans over the age of 60 have
diabetes. Despite this, we continue to top up
our meals with sugary drinks whenever we
eat outside until we eventually become
diabetic or pre-diabetic.
Page | 3
 SINGAPORE PROPERTY WEEKLY Issue 326
The problem is: Most Singaporeans are not
worried about diabetes. This is exactly why
the government is worried. Last year, the
Ministry of Health (MOH) said it has declared
war on diabetes one of the biggest drains
on Singapores healthcare system.
Isnt the government doing the same for
properties?
From 2009, buyers and investors continued to
snap up properties despite spiraling prices.
Despite repeated warnings from the
government to buy or invest prudently,
property-obsessed Singaporeans still rushed
to upgrade their homes or buy their second
property.
According to the Ascendant Assets Property
Investor Profile Survey, a typical Singapore
property investor is 46 years old, married and
has an average of $100,000 to $400,000
Back to Contents
spare cash. Can the familys breadwinner
with school-going kids continue to service his
mortgage if he loses his job? Does he have
enough spare cash to top up the difference if
the value of his property drops below his
outstanding loan?
It is precisely because the buyers are not
worried, that the government is worried. To
ensure that the property market is
sustainable, the government introduced eight
rounds of cooling measures from 2009 to
2013 to slowdown an overheated market.
Lesson #2 Its not what you know; Its
what you dont know that costs you the
most
The PM suggested that the solution for the
high diabetes rate is to make it mandatory for
soft drink manufacturers to reduce the sugar
level in all their drinks being sold in
Page | 4
 SINGAPORE PROPERTY WEEKLY Issue 326
Singapore. But from a young age, we have American writer Josh Billings said it best:It
been brainwashed by all the advertisements aint so much the things we dont know that
marketing different types of sugary drinks. get us into trouble. Its the things we know
The celebrities all look cool and healthy in the that just aint so.
ads.
Lesson #3 Those who care the least are
Similarly, the newspaper and TV ads of a new the ones who need help the most
launch are all projecting a middle-class
From next month onwards, for those above
lifestyle with loving couples and blissful
the age of 40, MOH will offer them S$100
families. They are selling us the Singapore
health check-ups at S$5 only. Unless the
dream. Who will think of toiling for a 30-year
government makes it compulsory, even if it is
mortgage when we submit the cheque?
free of charge, how many will go?
The project brochure shows artists
People go for health check-ups for three
impressions of infinite blue skies, lush
reasons: 1) they are very health conscious; 2)
greenery, beautiful beaches or a breathtaking
they are required to do so for employment; or
seaview. The showflat displays modern
3) they are asked by their doctors to do so to
renovation and designer fittings. Who will
confirm the bad news.
think, after collecting the key to your new
home, that the flyover is right outside your Many years ago, NKF came to our office to
bare unit, which has countless developer do free health check-ups. Those who signed
defects waiting to be fixed? up were all young and healthy ones.

Back to Contents Page | 5

 SINGAPORE PROPERTY WEEKLY Issue 326

The overweight and never exercise So please dont ask me what you should do
colleagues put up all sorts of excuses not to now with your poor purchased property that
go. What for? To confirm that they have high you are filled with regret over buying. Sorry, I
cholesterol or pre-diabetes? am not a doctor. I can only play my part on
the prevention, not the cure.
Do you notice most joggers passing by you
look really fit? And most people in the gym By guest contributor Property Soul, a
dont look like they need to work out? successful property investor, blogger, and
author of the No B.S. Guide to Property
That reminds me of the National Steps
Investment.
Challenge organized by Health Promotion
Board. After the campaign ends, many are
still using the pedometer to ensure that they
walk 10,000 steps a day, even if they are no
longer rewarded with shopping vouchers. Are
they health conscious and physically active
people in the first place?

Back to Contents Page | 6

 SINGAPORE PROPERTY WEEKLY Issue 326

Non-Landed Residential Resale Property Transactions for the Week of Aug 14 Aug 18

Postal Area Transacted Price Postal Area Transacted Price

Project Name Tenure Project Name Tenure
District (sqft) Price ($) ($ psf) District (sqft) Price ($) ($ psf)
1 ONE SHENTON 581 1,100,000 1,892 99 9 THE CLAYMORE 3,348 9,200,000 2,748 FH
2 SKYSUITES@ANSON 398 993,000 2,493 99 9 THE METZ 570 1,380,000 2,419 FH
2 CRAIG PLACE 657 1,180,000 1,797 99 9 THE VERMONT ON CAIRNHILL 1,442 3,300,000 2,288 FH
3 TWIN REGENCY 1,776 2,580,000 1,453 FH 9 NOMU 1,389 2,780,000 2,002 FH
3 RIVER PLACE 797 1,060,000 1,331 99 9 VISIONCREST 926 1,833,480 1,981 FH
3 THE ANCHORAGE 1,163 1,450,000 1,247 FH 9 MARTIN PLACE RESIDENCES 1,421 2,750,000 1,935 FH
3 CENTRAL GREEN CONDOMINIUM 1,292 1,610,000 1,246 99 9 THE VERMONT ON CAIRNHILL 1,884 3,610,000 1,916 FH
3 THE METROPOLITAN CONDOMINIUM 1,421 1,750,000 1,232 99 9 BELLE VUE RESIDENCES 2,110 4,030,000 1,910 FH
4 THE OCEANFRONT @ SENTOSA COVE 2,077 4,200,000 2,022 99 9 THE COSMOPOLITAN 1,141 2,170,000 1,902 FH
4 MARINA COLLECTION 3,412 6,426,707 1,883 99 9 THE COSMOPOLITAN 1,141 2,125,000 1,862 FH
4 THE INTERLACE 3,563 2,998,000 841 99 9 LA CRYSTAL 915 1,460,000 1,596 FH
5 BOTANNIA 1,184 1,450,000 1,225 956 9 PARC SOPHIA 549 870,000 1,585 FH
5 THE STELLAR 1,335 1,525,000 1,143 FH 9 CAIRNHILL ASTORIA 1,830 2,870,000 1,568 FH
5 VARSITY PARK CONDOMINIUM 1,313 1,468,000 1,118 99 9 PARC EMILY 1,012 1,550,000 1,532 FH
5 THE VISION 1,313 1,440,000 1,097 99 9 PARC MACKENZIE 904 1,288,000 1,425 FH
5 BLUE HORIZON 969 918,888 949 99 9 THE EDGE ON CAIRNHILL 5,673 7,280,000 1,283 FH
5 WESTCOVE CONDOMINIUM 1,216 980,088 806 99 9 ORCHARD TOWERS 1,970 2,500,000 1,269 FH
5 DOVER PARKVIEW 1,324 1,060,000 801 99 10 ROBIN RESIDENCES 1,776 3,870,000 2,179 FH
7 CONCOURSE SKYLINE 1,421 2,190,000 1,541 99 10 RV RESIDENCES 689 1,490,300 2,163 999
7 THE PLAZA 840 790,000 941 99 10 RV RESIDENCES 678 1,374,680 2,027 999
7 WATERLOO VIEW 1,776 1,610,000 907 FH 10 RV RESIDENCES 678 1,370,000 2,020 999
8 KERRISDALE 1,259 1,400,000 1,112 99 10 RV RESIDENCES 678 1,355,000 1,998 999
9 OUE TWIN PEAKS 1,399 4,347,000 3,107 99 10 RV RESIDENCES 678 1,354,180 1,997 999
9 OUE TWIN PEAKS 1,604 4,590,000 2,862 99 10 RV RESIDENCES 689 1,370,000 1,989 999

Back to Contents Page | 7

 SINGAPORE PROPERTY WEEKLY Issue 326

Postal Area Transacted Price Postal Area Transacted Price

Project Name Tenure Project Name Tenure
District (sqft) Price ($) ($ psf) District (sqft) Price ($) ($ psf)
10 RV RESIDENCES 678 1,341,060 1,978 999 14 EUHABITAT 581 708,000 1,218 99
10 RV RESIDENCES 678 1,332,040 1,964 999 14 D'OASIA 1,098 1,087,000 990 FH
10 MADISON RESIDENCES 1,464 2,850,000 1,947 FH 14 SUNFLOWER COURT 1,044 800,000 766 FH
10 RV SUITES 538 915,000 1,700 FH 14 TORIEVIEW MANSIONS 1,453 985,000 678 FH
10 THE TRIZON 1,195 1,880,000 1,573 FH 14 SUNFLOWER COURT 1,152 750,000 651 FH
10 D'LEEDON 1,119 1,720,000 1,536 99 15 THE MEYERISE 1,281 2,800,000 2,186 FH
10 HOLT RESIDENCES 2,056 3,000,000 1,459 FH 15 SILVERSEA 1,507 2,638,000 1,751 99
10 VOLARI 3,950 5,700,000 1,443 FH 15 THE SHORE RESIDENCES 893 1,270,000 1,422 103
10 THE LOFT 2,013 2,880,000 1,431 99 15 EAST VIEW 883 1,250,000 1,416 FH
10 LUSH ON HOLLAND HILL 1,281 1,800,000 1,405 FH 15 SUITES @ EASTCOAST 377 528,000 1,401 FH
10 THE LEGEND 1,475 1,920,000 1,302 FH 15 TIERRA VUE 947 1,310,000 1,383 FH
10 VILLA AZURA 1,356 1,600,000 1,180 FH 15 MERIDIAN 38 1,152 1,580,000 1,372 FH
11 26 NEWTON 474 1,252,119 2,644 FH 15 HAWAII TOWER 2,239 2,800,000 1,251 FH
11 SOLEIL @ SINARAN 581 1,103,900 1,899 99 15 TIERRA VUE 2,260 2,660,000 1,177 FH
11 RESIDENCES @ EVELYN 1,539 2,650,000 1,722 FH 15 PEBBLE BAY 6,469 7,510,000 1,161 99
11 SETIA RESIDENCES 3,348 5,750,000 1,718 FH 15 COSTA RHU 2,056 2,080,000 1,012 99
11 SHELFORD SUITES 1,292 1,820,000 1,409 FH 16 BEDOK RESIDENCES 678 890,000 1,312 99
11 LUCIDA 1,066 1,400,000 1,314 FH 16 PARBURY HILL CONDOMINIUM 1,453 1,610,000 1,108 FH
11 SUFFOLK PREMIER 1,001 1,295,000 1,294 FH 17 BALLOTA PARK CONDOMINIUM 1,432 961,000 671 FH
11 HILLCREST ARCADIA 1,389 968,000 697 99 17 LOYANG VALLEY 1,528 888,000 581 99
12 THE RIVERINE BY THE PARK 1,302 1,800,000 1,382 FH 18 NV RESIDENCES 743 727,000 979 99
12 TREVISTA 1,130 1,560,000 1,380 99 18 ELIAS GREEN 1,615 900,000 557 99
12 DOMUS 904 1,240,000 1,371 FH 19 SUITES @ KOVAN 366 535,000 1,462 FH
12 SUNVILLE 1,152 1,175,000 1,020 FH 19 LA FIESTA 452 650,000 1,438 99
14 SINGA HILLS 667 933,800 1,399 FH 19 BARTLEY RESIDENCES 1,087 1,460,000 1,343 99
14 SUITES@CHANGI 409 530,000 1,296 FH 19 RESIDENCES BOTANIQUE 980 1,088,000 1,111 FH
14 EUHABITAT 527 645,000 1,223 99 19 CHERRYHILL 1,313 1,425,000 1,085 FH

Back to Contents Page | 8

 SINGAPORE PROPERTY WEEKLY Issue 326

Postal Area Transacted Price Postal Area Transacted Price

Project Name Tenure Project Name Tenure
District (sqft) Price ($) ($ psf) District (sqft) Price ($) ($ psf)
19 RIVERSAILS 915 982,888 1,074 99 23 HILLINGTON GREEN 1,776 1,580,000 890 999
19 THE SPRINGBLOOM 1,119 1,130,000 1,009 99 23 HILLVIEW REGENCY 904 780,000 863 99
19 BOATHOUSE RESIDENCES 1,119 1,125,000 1,005 99 23 HILLVIEW REGENCY 1,130 888,000 786 99
19 RIVER ISLES 947 950,000 1,003 99 23 REGENT HEIGHTS 1,023 780,000 763 99
19 A TREASURE TROVE 915 910,000 995 99 23 HILLVIEW REGENCY 1,119 850,000 759 99
19 D'PAVILION 1,647 1,630,000 990 FH 27 CANBERRA RESIDENCES 614 648,000 1,056 99
19 RIVERSAILS 1,615 1,450,000 898 99 27 THE NAUTICAL 969 888,000 917 99
19 REGENTVILLE 980 750,000 766 99
19 JANSEN MANSIONS 1,259 960,000 762 999
19 REGENTVILLE 1,152 800,000 695 99 NOTE: This data only covers non-landed residential resale property
20 TRESALVEO 1,668 2,320,000 1,391 FH transactions with caveats lodged with the Singapore Land Authority.
20 THOMSON V ONE 624 826,000 1,323 99 Typically, caveats are lodged at least 2-3 weeks after a purchaser
20 CLOVER BY THE PARK 1,765 2,010,000 1,139 99 signs an OTP, hence the lagged nature of the data.
20 SIN MING PLAZA 1,259 1,380,000 1,096 FH
20 BISHAN POINT 1,184 1,230,000 1,039 99
21 THE CASCADIA 990 1,500,000 1,515 FH
21 MAPLE WOODS 980 1,300,000 1,327 FH
21 BINJAI PARK 1,033 1,300,000 1,258 999
21 CLEMENTI PARK 1,658 1,550,000 935 FH
21 KILAT CENTRE 1,259 1,150,000 913 FH
21 HILLVIEW GREEN 1,582 1,355,000 856 999
21 SHERWOOD TOWER 1,518 1,120,000 738 99
21 PANDAN VALLEY 4,585 3,280,000 715 FH
22 THE LAKESHORE 1,163 1,200,000 1,032 99
22 THE CENTRIS 1,259 1,200,000 953 99
22 PARC VISTA 1,076 860,000 799 99

Back to Contents Page | 9