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Issue 362

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


CONTENTS FROM THE

p2 Making $1.7 Million in An En Bloc – Was it


EDITOR
Welcome to the 362th edition of the
Singapore Property Weekly.
Location, Location, Location? [Reader Letter]
Hope you like it!
p4 Resale Property Transactions
Mr. Propwise
(June 4 – June 8)

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SINGAPORE PROPERTY WEEKLY Issue 362

Making $1.7 Million in An En Bloc – Was it


Location, Location, Location? [Reader Letter]

We received the following reader letter in


response to last week’s article Scrapping the
HSR – How a Past FOMO Becomes Today’s
Regret. In it our regular reader K shares her
experiences on property investment and her
“secret” for making $1.7 million in a recent en
bloc.

We love to hear from you if you have any


experiences to share! Just drop us a line at
info@propwise.sg with your story.

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SINGAPORE PROPERTY WEEKLY Issue 362

And now, over to K: I rented out the apartment for 16 years and
just recently NormantonPark went enbloc and
Dear Sir,
I got $1.7million for my unit.
I am in complete agreement with Property
The $300,000 which I borrowed from the
Soul that you should not buy property based
bank was essentially paid off by the monthly
on FOMO. Property is a long-term investment
rent I collected from my tenant. So that the
and one has to be very careful when buying
apartment was essentially free to me.
property.
One must be patient and invest for the long
I would like to share my experience on
term torealize the gains. Property investment
property investment and how one could make
is not about location, location and location. It
some decent gains.
is actually timing, timing and timing.
I bought Normanton Park way back in 2002
right after the Dot Com crisis and before the
onset of SARS. The property cost me Regards,
$385,000 and I thought it was a bargain for a
K
1,271 sq ft apartment.

I didn’t have much cash then, so I borrowed


$300,000 and paid the balance of $85,000
with cash.

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SINGAPORE PROPERTY WEEKLY Issue 362

Non-Landed Residential Resale Property Transactions for the Week of May 28 – Jun 1

Postal Area Transacted Price Postal Area Transacted Price


Project Name Tenure Project Name Tenure
District (sqft) Price ($) ($ psf) District (sqft) Price ($) ($ psf)
1 THE SAIL @ MARINA BAY 592 1,180,000 1,993 99 7 SOUTHBANK 592 1,008,000 1,703 99
1 THE SAIL @ MARINA BAY 667 1,250,000 1,873 99 8 CITYLIGHTS 592 990,000 1,672 99
1 THE SAIL @ MARINA BAY 657 1,060,000 1,614 99 8 N.A. 1,367 1,200,000 878 FH
2 SPOTTISWOODE RESIDENCES 624 1,320,000 2,114 FH 9 HILLTOPS 1,593 5,659,000 3,552 FH
2 DORSETT RESIDENCES 689 1,360,000 1,974 99 9 THE PATERSON 1,464 3,330,000 2,275 FH
2 SPOTTISWOODE PARK 1,270 990,000 779 99 9 SCOTTS 28 1,733 3,938,000 2,272 FH
3 THE CREST 710 1,448,000 2,038 99 9 GRANGE INFINITE 2,217 4,550,000 2,052 FH
3 THE ANCHORAGE 1,507 2,197,206 1,458 FH 9 VISIONCREST 753 1,535,000 2,037 FH
3 RIVER PLACE 2,110 2,920,000 1,384 99 9 PARC EMILY 592 1,150,000 1,943 FH
3 TANGLIN VIEW 1,991 2,420,000 1,215 99 9 ROBERTSON EDGE 495 925,500 1,869 999
4 CARIBBEAN AT KEPPEL BAY 1,668 2,600,000 1,558 99 9 LEONIE SUITES 926 1,720,000 1,858 99
4 REFLECTIONS AT KEPPEL BAY 1,109 1,700,000 1,533 99 9 2 RVG 893 1,650,000 1,847 FH
4 THE INTERLACE 1,195 1,700,000 1,423 99 9 UE SQUARE 1,528 2,450,000 1,603 929
5 THE SORRENTO 441 750,000 1,699 FH 9 WATERSCAPE AT CAVENAGH 1,141 1,800,000 1,578 FH
5 ONE-NORTH RESIDENCES 614 900,000 1,467 99 9 GAMBIER COURT 1,163 1,600,000 1,376 99
5 VENTANA 1,335 1,745,000 1,307 FH 9 ORCHARD COURT 1,453 1,628,000 1,120 99
5 ONE-NORTH RESIDENCES 2,691 3,000,000 1,115 99 10 NASSIM MANSION 3,520 10,000,000 2,841 FH
5 VARSITY PARK CONDOMINIUM 1,636 1,788,888 1,093 99 10 LATITUDE 1,324 2,800,000 2,115 FH
5 BLUE HORIZON 1,163 1,230,000 1,058 99 10 BOTANIC GARDENS VIEW 1,755 3,200,000 1,824 FH
5 THE INFINITI 1,249 1,238,000 991 FH 10 D'LEEDON 603 1,070,000 1,775 99
5 BAYVILLE CONDOMINIUM 1,916 1,850,000 966 FH 10 THE EQUATORIAL 1,722 3,012,000 1,749 FH
5 FABER CREST 1,033 988,000 956 99 10 BELLERIVE 1,539 2,680,000 1,741 FH
5 BLUE HORIZON 1,475 1,400,000 949 99 10 D'LEEDON 915 1,530,000 1,672 99
5 PALM MANSIONS 1,744 1,628,000 934 FH 10 DE LENTE 743 1,130,000 1,521 FH

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SINGAPORE PROPERTY WEEKLY Issue 362

Postal Area Transacted Price Postal Area Transacted Price


Project Name Tenure Project Name Tenure
District (sqft) Price ($) ($ psf) District (sqft) Price ($) ($ psf)
10 CLIFTEN 2,034 2,830,000 1,391 FH 14 ASTOR 1,119 905,000 808 99
10 JERVOIS JADE APARTMENTS 2,056 2,200,000 1,070 99 15 THE SEA VIEW 560 1,175,000 2,099 FH
11 NEWTON SUITES 1,238 2,585,000 2,088 FH 15 PARC SEABREEZE 1,292 2,418,880 1,873 FH
11 NEWTON ONE 1,216 2,450,000 2,014 FH 15 THE ESTA 1,345 2,430,000 1,806 FH
11 AMARYLLIS VILLE 1,238 1,980,000 1,600 99 15 THE SEAFRONT ON MEYER 2,110 3,725,000 1,766 FH
11 LA MAISON 1,292 2,060,000 1,595 FH 15 CAMELOT BY-THE-WATER 3,035 4,830,000 1,591 99
11 ROCHELLE AT NEWTON 1,862 2,850,000 1,530 99 15 PEBBLE BAY 2,336 3,500,000 1,498 99
11 M21 1,345 1,920,000 1,427 FH 15 COTE D'AZUR 1,281 1,850,000 1,444 99
12 EIGHT RIVERSUITES 441 755,000 1,711 99 15 AXIS @ SIGLAP 818 1,168,000 1,428 FH
12 VISTA RESIDENCES 1,313 1,980,000 1,508 FH 15 RIVEREDGE 1,518 2,085,000 1,374 99
12 RIVERBAY 517 735,000 1,423 999 15 NATURALIS 614 777,000 1,266 FH
12 AIRSTREAM 474 650,000 1,372 FH 15 WATER PLACE 1,561 1,970,000 1,262 99
12 BLISS LOFT 452 615,000 1,360 FH 15 COSTA RHU 1,345 1,650,000 1,226 99
12 ST MICHAEL REGENCY 1,238 1,450,000 1,171 FH 15 COSTA RHU 1,399 1,560,000 1,115 99
12 SUNVILLE 1,184 1,225,000 1,035 FH 15 LIVINGSTON MANSIONS 1,399 1,550,000 1,108 FH
12 DE ROYALE 3,046 2,800,000 919 FH 15 SCK VILLE 1,001 1,100,000 1,099 FH
13 8@WOODLEIGH 947 1,320,000 1,394 99 15 CHELSEA LODGE 1,227 1,345,000 1,096 FH
14 AVANT RESIDENCES 484 779,400 1,609 99 15 JI XIANG COURT 1,216 1,030,000 847 FH
14 AVANT RESIDENCES 441 697,400 1,580 99 15 NEPTUNE COURT 1,636 1,370,000 837 99
14 THE WATER EDGE 495 680,000 1,373 FH 15 D'FOCUS APARTMENTS 2,562 2,050,000 800 FH
14 BLISS RESIDENCES 517 680,000 1,316 FH 16 BEDOK RESIDENCES 517 858,000 1,661 99
14 VACANZA @ EAST 1,012 1,320,000 1,305 FH 16 LANDBAY CONDOMINIUM 1,044 1,380,000 1,322 FH
14 VACANZA @ EAST 807 1,000,000 1,239 FH 16 ARCHIPELAGO 1,044 1,026,000 983 99
14 KEMBANGAN SUITES 850 1,020,000 1,199 FH 16 CHANGI GREEN 1,055 1,018,000 965 FH
14 VACANZA @ EAST 850 960,000 1,129 FH 17 THE INFLORA 463 540,000 1,167 99
14 THE SUNNY SPRING 1,109 1,228,000 1,108 FH 17 PARC OLYMPIA 1,324 1,000,000 755 99
14 THE DIAMOND 538 575,000 1,068 FH 18 DOUBLE BAY RESIDENCES 1,550 1,650,000 1,065 99

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SINGAPORE PROPERTY WEEKLY Issue 362

Postal Area Transacted Price Postal Area Transacted Price


Project Name Tenure Project Name Tenure
District (sqft) Price ($) ($ psf) District (sqft) Price ($) ($ psf)
18 WATERVIEW 786 825,000 1,050 99 21 THE RAINTREE 1,302 1,440,000 1,106 99
18 D'NEST 1,496 1,555,555 1,040 99 22 J GATEWAY 603 1,050,000 1,742 99
18 RIPPLE BAY 1,442 1,288,000 893 99 23 THE HILLIER 624 850,000 1,361 99
18 SEA ESTA 1,744 1,418,888 814 99 23 THE HILLIER 840 1,075,000 1,280 99
19 LA FIESTA 732 930,000 1,271 99 23 HILLSTA 527 648,000 1,229 99
19 SPACE @ KOVAN 743 942,000 1,268 FH 23 HILLVIEW REGENCY 1,119 1,030,000 920 99
19 KOVAN MELODY 904 1,137,500 1,258 99 23 THE LINEAR 1,313 1,150,000 876 999
19 LA FIESTA 893 1,120,000 1,254 99 23 THE LINEAR 1,249 1,080,000 865 999
19 THE YARDLEY 1,421 1,730,000 1,218 FH 23 REGENT HEIGHTS 1,023 805,000 787 99
19 SPAZIO @ KOVAN 1,087 1,190,000 1,095 FH 23 PALM GARDENS 1,206 848,000 703 99
19 THE MINTON 980 1,050,000 1,072 99 23 REGENT GROVE 1,173 795,000 678 99
19 EVANIA 1,421 1,445,000 1,017 FH 25 WOODGROVE CONDOMINIUM 1,615 1,100,000 681 99
19 BAYOU RESIDENCE 1,238 1,200,000 969 FH 26 MEADOWS @ PEIRCE 1,023 1,230,000 1,203 FH
19 GILLENIA 1,141 1,098,000 962 999 26 CASTLE GREEN 1,173 1,040,000 886 99
19 CASA ROSA 1,173 1,050,000 895 99 26 SEASONS PARK 1,044 840,000 805 99
19 COMPASS HEIGHTS 1,055 925,000 877 99 26 CASTLE GREEN 1,302 1,042,000 800 99
20 SKY VUE 678 1,288,000 1,899 99 27 YISHUN EMERALD 1,173 840,000 716 99
20 THOMSON THREE 1,033 1,595,000 1,544 99 27 SUN PLAZA 1,442 950,000 659 99
20 CENTRO RESIDENCES 926 1,338,000 1,445 99 28 H2O RESIDENCES 1,227 1,380,000 1,125 99
20 SKY HABITAT 1,195 1,692,400 1,416 99 28 H2O RESIDENCES 1,130 1,260,000 1,115 99
20 CLOVER BY THE PARK 1,765 2,040,000 1,156 99 28 SUNRISE GARDENS 980 820,000 837 99
20 THE GARDENS AT BISHAN 883 960,000 1,088 99
20 GRANDEUR 8 1,216 1,230,000 1,011 99
NOTE: This data only covers non-landed residential resale property
20 THE GARDENS AT BISHAN 1,830 1,550,000 847 99
transactions with caveats lodged with the Singapore Land Authority.
21 MAPLE WOODS 1,335 2,130,000 1,596 FH
Typically, caveats are lodged at least 2-3 weeks after a purchaser
21 GARDENVISTA 1,130 1,638,000 1,449 99
signs an OTP, hence the lagged nature of the data.
21 SELANTING GREEN 1,001 1,190,000 1,189 FH

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