event highs and lows gains and losses under the hammer

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PROPERTY PERSONALISED Visit EdgeProp.sg to find properties, research market trends and read the latest news The week of November 1, 2021 | ISSUE 1008-230 MCI (P) 015/08/2021 PPS 1519/09/2012 (022805) Event What’s new on the hybrid work agenda EP3 Highs and Lows The Hyde sees new high of $3,325 psf EP4 Gains and Losses Four-bedder at Ritz- Carlton Residences reaps $3.5 mil profit EP11 Under the Hammer Detached home on Oakwood Grove selling for $4.4 mil EP12 SAMUEL ISAAC CHUA/THE EDGE SINGAPORE Lendlease’s Justin Gabbani makes inroads in life sciences, data centres Justin Gabbani, Lendlease CEO, Asia Turn to our Cover Story on Pages 6 and 7.

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PROPERTY PERSONALISED

Visit EdgeProp.sg to find properties, research market trends and read the latest news The week of November 1, 2021 | ISSUE 1008-230

MCI (P) 015/08/2021 PPS 1519/09/2012 (022805)

EventWhat’s new on the hybrid

work agendaep3

Highs and LowsThe Hyde sees new high

of $3,325 psf ep4

Gains and LossesFour-bedder at Ritz-

Carlton Residences reaps $3.5 mil profit ep11

Under the HammerDetached home on Oakwood Grove

selling for $4.4 mil ep12

SAM

UEL

ISAA

C CH

UA/T

HE E

DGE

SIN

GAP

ORE

Aerial view of Singapore’s prime District 10

Lendlease’s Justin Gabbani makes inroads in life sciences, data centres

Justin Gabbani, Lendlease CEO, Asia

Turn to our Cover Story on Pages 6 and 7.

ADVERTISING + MARKETING ADVERTISING SALES

vice-president, sales & operations | Diana Limdeputy team lead |Pang Kai Xin deputy account director |Janice Zhu

PUBLISHERThe Edge Property Pte Ltd380 Jalan Besar #16-01Singapore 209000Tel: (65) 6970 7793

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: [email protected]

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

EP2 • EDGEPROP | NOVEMBER 1, 2021

PROPERTY BRIEFS

OCBC Bank extends $148 mil green loan facility to Tong Eng using new BCA toolOCBC Bank has issued its first green loan that lev-erages the Building Ener-gy Efficiency Assessment (BEEA).

The BEEA is the lat-est tool launched by the Building and Construc-tion Authority of Singa-pore (BCA) to simplify the transition process to sustainability easier for building owners, devel-opers and SMEs.

The bank announced on Oct 26 that it has ex-tended a $148 million green loan facility lev-eraging the tool to Fair-view Development. The latter is a unit of one of Singapore’s leading pri-vate developers, Tong Eng Group.

The tool helps predict the energy performance of buildings, and makes the process much sim-pler and more conven-ient. Through the tool, properties can now be assessed within minutes, unlike the existing pro-cess where green build-ing certifications and ob-taining green loans could take several weeks.

With the tool, projects that are deemed to be able to achieve a level of ener-gy efficiency comparable to the certification stand-ard of a BCA Green Mark 2021 GoldPLUS building, will be eligible to obtain a green loan from OCBC Bank.

The tool also enables property developers and others in the value chain to gain access to green loans more easily. This will support them in the shift towards green devel-opments and construction.

The $148 million green loan was issued under Tong Eng Group’s green loan framework, which was developed in 2020 in accordance with Green Loan Principles issued by the Loan Market Associ-ations.

The framework has been expanded to include projects that are assessed by BEEA to have energy performance comparable to that of a BCA Green Mark 2021 GoldPLUS-cer-tified building.

The proceeds of the loan will be used to fi-nance the development of its upcoming residen-tial project, Belgravia Ace.

Belgravia Ace will be outfitted with several green features including the op-timisation of window-to-wall ratio and the use of low-emission glazing that reduces UV and infra-red rays from the sun. The de-velopment will also use air-conditioning systems

and home appliances with the highest energy efficien-cy rating.

In addition, electric ve-hicle charging points will be installed within the de-velopment.

La Ville in Tanjong Rhu re-launched for collective sale at $148 mil La Ville, a freehold con-dominium along Tanjong Rhu Road, has been re-launched for collective sale by tender on Oct 26. The sale is managed by sole marketing agent, JLL.

This time, the owners have lowered their reserve price to $148 million, from the previous asking price of $152 million when it was launched for tender in June 2018. At the time, the sale was halted by the government’s announce-ment of residential mar-ket cooling measures on July 5, 2018.

This round, owners representing over 80% by total share value and by total floor area have exe-cuted the collective sale agreement.

The 40-unit develop-ment was built in 1987 by Tiong Lee Seng and has a land area of around 47,012 sq ft. It is zoned for residential purposes with a gross plot ratio of 2.1 under the URA 2019 Master Plan.

The site can potential-ly be redeveloped into 107 residential units, based on the minimum average size of 85 sqm (914.9 sq ft).

The development is located within walking distance of the upcom-ing Katong Park MRT Sta-tion on the Thomson-East Coast Line. The CBD and Changi Airport are within a 10- and 15-minute drive

away respectively.The site also enjoys

close proximity to reputa-ble schools such as Dun-man High, Chung Cheng High, Kong Hwa Primary, the Canadian International School (Tanjong Katong) and Chatsworth Interna-tional School (East).

Shopping malls such as Parkway Parade and Kallang Wave Mall, as well as the Old Airport Food Centre, are nearby.

Tan Hong Boon, execu-tive director, capital mar-kets at JLL, says: “At the minimum price of $148 million, it reflects a unit land rate of approximate-ly $1,499 psf ppr (psf per plot ratio). Factoring in an additional 7% bonus GFA (gross floor area) and the corresponding develop-ment charge, the unit land rate will be about $1,439 psf ppr. This is a compel-ling redevelopment oppor-tunity not to be missed by developers looking for mid-sized prime residen-tial projects.”

The tender for La Ville closes at 3pm on Nov 30.

Three adjoining redevelopment sites near Botanic Gardens MRT Station re-launched at $53.8 mil Three adjoining mixed-use redevelopment sites near the Botanic Gardens MRT Station have been re-launched for sale.

JLL, which is the sole marketing agent, has re-launched Nos. 551 to 553 Bukit Timah Road, Nos. 6 to 8 Duke’s Road and a driveway for a compre-hensive redevelopment in the prime District 10 for sale by tender.

The sites come at a low-er revised price of $53.8

million, compared to the previous guide price of $62.5 million when it was listed for sale on Jan 26.

All the owners have agreed to the collective sales of the respective de-velopments, which means no Strata Titles Board ap-plication for a sale order is required.

Under the URA Master Plan 2019, the freehold 16,479 sq ft site is zoned for residential and com-mercial use with a gross plot ratio (GPR) of 3.0 and an allowable height of up to five storeys.

Based on the total guide price for the three plots at $53.8 million, and assum-ing 60% of the gross floor area for residential and 40% for commercial use, the unit land price reflects approximately $1,502 psf per plot ratio, inclusive of a development charge at the GPR of 3.0.

The development con-sists of four shops and eight walk-up apartments.

The property is bound-ed on three sides — Duke’s Road, Queen’s Road and Bukit Timah Road — with the current access taken from Duke’s Road.

It has a bus stop di-rectly in front and is just 300m away from the Bo-tanic Gardens MRT Sta-tion on the Downtown and Circle Lines. The Adam Road Food Centre and Botanic Gardens are just a five-minute walk away.

Popular schools such as Nanyang Primary School, Raffles Girls’ Pri-mary School and St Mar-garet’s Secondary School are within 1km of the site.

Situated at the city fringe along the stretch of Bukit Timah Road, the property is well connect-ed to the rest of Singa-

pore via the Pan Island Expressway and major roads such as Dunearn Road, Bukit Timah Road and Farrer Road.

The tender exercise for the three adjoining plots closes at 3pm on Dec 2.

Freehold commercial building at Hindoo Road on the market for $23.5 mil A freehold commercial building located at 7 Hin-doo Road near Farrer Park has been put up for sale at a guide price of $23.5 million. This translates to approximately $1,682 psf based on the total floor area.

Loyalle Chin, senior associate division director at PropNex Realty, is the exclusive marketing agent for the property.

The property sits on a freehold land of approxi-mately 3,519 sq ft, with a total floor area of approx-imately 13,970 sq ft. The four-storey building is fit-ted with a lift and has a column-free layout.

The property is cur-rently tenanted to retail shops on the ground floor, while the upper floors were previously used as offices and a construction safety training school. Buyers of the property can explore change-of-use

options for the building, and will also have nam-ing and signage rights, subject to the relevant au-thorities’ approval.

Located near Seran-goon Road and Jalan Be-sar, the property is locat-ed close to the Farrer Park MRT Station on the North-East Line, as well as the Jalan Besar MRT Station on the Downtown Line. It is a five-minute drive to Bugis.

Nearby commercial de-velopments include Cen-trium Square, Mustafa Centre, One Farrer Hotel and Citadines Rochor at Tekka Place.

According to Chin, free-hold residential projects in the vicinity, such as 1953 by Oxley Holdings, have sold for between $1,752 to $1,956 psf. Nearby, the retail space of Centrium Square was sold at S$4,967 psf strata area, while Ver-dun House was recently launched for collective sale at a reserve price of $55 million, which is $1,790 psf per plot ratio.

“7 Hindoo Road is a compelling investment opportunity for buyers seeking an immediate in-come-yielding asset or an opportunity to explore change-of-use options to other commercial usages such as supermarkets, de-partmental stores, restau-rants or student hostels, subject to the authorities’ approval,” Chin says.

Foreigners and com-panies are eligible to pur-chase with no additional buyer’s stamp duty and seller’s stamp duty pay-able.

The expression of in-terest exercise closes at 3pm on Dec 21. — Com-piled by Felicia Tan and Atiqah Mokhtar E

JLL

The 40-unit La Ville was built in 1987 by Tiong Lee Seng and has a land area of around 47,012 sq ft

LOYALLE CHIN

The four-storey building at 7 Hindoo Road has generous ceiling height on each floor

JLL

The unit land price for the three plots reflects approximately $1,502 psf per plot ratio, inclusive of a development charge at the gross plot ratio of 3.0

EDGEPROP | NOVEMBER 1, 2021 • EP3

EVENT

BY CECILIA [email protected]

With Covid-19 restrictions extended to Nov 21, work from home (WFH) is once again the default mode and social gatherings are still capped at two. Com-panies are increasingly coming to terms with the fact that “the 100% in-office work experience is

pretty much gone,” says Eugene Goh, co-founder of TalentKraft, strategy consultants for human resource, specialising in talent attraction and retention.

Hybrid work — a mix of remote and in-person work — is now the norm. “Companies need to be prepared and remain agile,” adds Goh, who was speaking at the Working, living and investing in a new world webinar on Oct 23, which was spon-sored by GuocoLand.

Goh believes that companies need to engage their staff in a contactless fashion. For instance, if a company used to pay for transportation and meal allowance in the past, that savings could now be channelled towards helping their staff WFH more effectively such as offering a home office setup allowance. This could take the form of a good office chair, desk or a good mi-crophone and webcam, he adds.

Besides the home office setup, interaction and collaboration in the virtual work environment is equally important. He recom-mends the use of online collaboration tools such as Google Work-space or Slack. “If your team members frequently hold meetings on zoom, just pay for their zoom accounts so they don’t have to tell the other party to log back in every 40 mins,” he adds.

Staying connected is equally important, notes Goh. He suggests virtual team lunches and non-work discussions. Food vouchers for staff to allow them to order in for such team lunches could be given once a month. Non-work conversations are vital, he adds.

“The quality of relationships is not the same if you’re work-ing from home and especially if you are a new staff member, trying to learn the ropes and trying to get to know your col-leagues,” says Goh. Several different applications match peo-ple like “blind dates” where they can have a 15-minute chat to find out more about each other. “It may feel a little artificial but once people get into the flow, it becomes a nice way to meet your colleagues.”

An important subject that used to be overlooked, but is now at the forefront is mental wellness. “It’s increasingly clear that the stress of WFH is affecting people in negative ways,” notes Goh.

Structural shifts These structural shifts in the way people work and live have certainly changed the way space is used. “Most of our corporate tenants have already adopted hybrid work arrangements,” says Dora Chng, GuocoLand general manager (residential).

Even if only 50% of their staff were to return to work, the office space requirement would not be halved, she notes. In-stead, it would mean their staff are likely to come to the office two to three days a week. The office space would then serve a different purpose: for brainstorming sessions, group discus-sions or meetings. “This is unlike the past where you come into the office and sit down to work,” says Chng. “You now do that at home, and come to the office to interact with colleagues.”

With hybrid work, offices are becoming “more residential”, observes Yvonne Siew, head of real estate advisery and invest-

ment at Bank of Singapore, a wholly-owned subsidiary of OCBC Bank. “People are more concerned about how the office looks, sanitisation and wellness issues.”

There is a flight to quality, adds Siew, with rents holding firm in newer premium-grade office buildings, especially those in the city area, located close to transportation hubs and amenities.

Siew heads the private banking arm at Bank of Singapore and her clients include high net-worth individuals, family of-fices and multi-family offices as well as institutional investors.

These structural shifts have changed investment behaviour too, notes Siew. Investors are focusing on sectors such as prime residential or multi-family housing, logistics, e-commerce dis-tribution and data centres, she says.

Besides traditional physical assets and real estate investment trusts (REITs), investors are seeking alternative investments such as private funds and private REITs. Some are looking at discretionary real estate funds or co-investment opportunities with asset managers, investing in income-producing assets with a longer-term view of an exit via a trade sale or IPO as a REIT.

“Investors are hunting for yield,” says Siew. There’s still in-terest in prime Grade-A office space but the focus is on assets with a long WALE (weighted average lease expiry) and built-in rental escalations, she adds.

The new ‘home office’Even as offices assume a more residential aspect, homes are be-coming more “corporate-like”, notes GuocoLand’s Chng. Cater-ing to those who want a home address that also doubles as a business address is GuocoLand’s 219-unit Midtown Bay.

Units are designed with the flexibility to accommodate a home office. The marble flooring on the ground floor extends from the living area to the bedrooms. The units come with 3.2m ceiling

height and a load-bearing structure that allows the homeown-er to convert the upper level into a bedroom, a games room or a study, adds Chng.

The duplex penthouses at Midtown Bay have an added ad-vantage: The homeowner could turn the upper level into a pri-vate residence, and the lower floor into a home office. Busi-nesses that want to operate in a residential unit will need to register with URA. Under the guidelines, only a maximum of two non-occupiers are allowed to work there.

As Midtown Bay is part of the Guoco Midtown integrated development, residents will be able to enjoy the amenities such as the 80,000 sq ft network hub, which is designed as a social and business club. “It’s a hybrid clubhouse with corporate fa-cilities for residents and lifestyle amenities for corporate ten-ants,” says Chng.

At Guoco Midtown, there is a Grade-A office tower with large floor plates averaging 30,000 sq ft and a total space of 770,000 sq ft. The lifestyle component includes three retail villages and an F&B cluster on the ground floor of Midtown House, the con-served building that was once the Beach Road Police Station. Residents at Midtown Bay will be able to use all these facilities, including the public gardens.

In terms of accessibility, Midtown Bay is directly connected underground to the Bugis MRT interchange station and linked to City Hall MRT interchange station as well as the Promenade MRT interchange station and Esplanade MRT station.

Will the future Beach Road-Bugis area eclipse the CBD-Tan-jong Pagar area once Guoco Midtown and the other new de-velopments are completed over the next three years? “Interest in Singapore’s office and residential property is strong enough to support the co-existence of CBD-Tanjong Pagar, Marina Bay and Midtown,” says Chng. E

What’s new on the hybrid work agendaGUOCOLAND

Speakers at the GuocoLand webinar Working, living and investing in a new world (clockwork from top left): Dora Chng, general manager (residential), GuocoLand; Bernard Tong, CEO of EdgeProp; Yvonne Siew, head of real estate advisery and investment at Bank of Singapore; and Eugene Goh, co-founder of TalentKraft

Show suite of a unit designed as a home office at Midtown Bay Artist’s impression of the Guoco Midtown integrated development

GUOCOLAND SAMUEL ISAAC CHUA/THE EDGE SINGAPORE

EP4 • EDGEPROP | NOVEMBER 1, 2021

New lowsThe Antares, a 99-year leasehold development at Mattar Road in District 14, has seen a new low in terms of psf price following the sale of a 883 sq ft apartment on Oct 15. The two-bed-room apartment on the first floor was sold for $1.34 million, or $1,515 psf.

Conversely, the project registered a new high in terms of psf price on July 2, when a 667 sq ft, two-bedroom apartment was sold for $1.3 million, or $1,942 psf, which is an all-time for the development.

Named after one of the brightest stars in the night sky, The Antares was touted as a “rising star” at Mattar Road during its launch in Sep-tember 2019.

It has 265 units spanning four 18-storey blocks. The project is located within walking distance of Aljunied MRT Station on the East-West Line and MacPherson MRT Station on the Circle Line.

The project is developed by FSKH Develop-ment, a consortium of Hock Lian Seng Holdings, Keong Hong Holdings and TA Corp.

Another development that saw a new low

in terms of psf price is Starlight Suites, a free-hold project located at River Valley Close in prime District 9.

On Oct 13, a 3,757 sq ft penthouse unit at Starlight Suites was sold for $6 million, or $1,597 psf, which is an all-time low for the de-velopment. The unit is the largest among the development’s 105 units (including its three penthouses), which could be a reason for its low psf price.

Starlight Suites was completed in 2014 by joint developers King Wan Corp and TA Corp.The development has one- to three-bedders and penthouses ranging from 560 sq ft to 3,757 sq ft, across 35 floors over a single block.

Starlight Suites is within walking distance of the upcoming Great World MRT Station on the Thomson-East Coast Line. The development is also close to the vibrant Robertson Quay area, and a short drive to the Orchard Road shop-ping belt.

The project is located near River Valley Pri-mary School, Alexandra Primary School, An-glo-Chinese School (Junior) and St Margaret’s Primary. E

PROJECT HIGHS AND LOWS

BY FELICIA [email protected]

In this column, we look at condominium pro-jects that have achieved new highs in terms of psf price and those that have seen new lows, based on URA Realis data for the pe-riod of Oct 11 to 16.

New highsThe highest-price transaction recorded on a psf basis was for a 947 sq ft unit at The Hyde. On Oct 16, the three-bedroom, two-bathroom apartment on the eighth floor changed hands at $3.15 million, or $3,325 psf.

The Hyde is a freehold luxury condomini-um with 117 units in a 12-storey block at Bal-moral Road in prime District 10. It is devel-oped by boutique property developer Aurum Land, which is also a subsidiary under Woh Hup Holdings.

Units at The Hyde comprise one- to four-bed-room apartments measuring 495 to 1,798 sq ft. Located a stone’s throw away from the Orchard Road shopping belt, The Hyde is situated on elevated ground, which offers residents clear views of the Goodwood Hill estate.

The Hyde is also near House on the Hill Montessori Pre-School, Balmoral Plaza, Novo-tel Singapore On Stevens, as well as Mercure Singapore on Stevens.

The development is situated among several other condos such as Balmoral 8, Three Bal-moral, Sloane Residences, Belmond Green and Goodwood Grand. Nearby MRT stations in-clude Newton on the North-South and Down-town Lines and Stevens on the Downtown Line.

Schools such as Anglo-Chinese School (Pri-mary) and Singapore Chinese Girls’ School (Pri-mary) are within 1km of the project.

Another property that saw a new high in terms of psf price is Forett at Bukit Timah. A 474 sq ft, one-bedroom unit on the ninth floor was sold on Oct 14 for $1.09 million, or $2,293 psf.

This came nearly a month after the pro-ject recorded a high of $2,263 psf for a 474 sq ft unit, which was sold at a quantum of $1.07 million on Sept 18.

Located in District 21 along Toh Tuck Road, Forett at Bukit Timah is a freehold develop-ment comprising 633 units over nine 5-storey blocks and four 9-storey blocks. It has one- to five-bedroom units.

Forett at Bukit Timah is developed joint-ly by Qingjian Realty and Perennial Holdings. The 360,130 sq ft site was formerly Goodluck Garden, which was sold in a collective sale to subsidiaries of Hong Kong-based CNQC Interna-tional Holdings for $610 million in March 2018.

Forett at Bukit Timah is near Beauty World MRT Station on the Downtown Line. It is also near Beauty World Plaza, Bukit Timah Plaza, as well as the future Beauty World Integrated Transport Hub.

The project is also close to schools such as Methodist Girls’ School (Primary) and Pei Hwa Presbyterian Primary School.

The Hyde is a freehold luxury condominium with 117 units in a 12-storey block at Balmoral Road in prime District 10

The Antares is developed by FSKH Development, a consortium of Hock Lian Seng Holdings, Keong Hong Holdings and TA Corp

Starlight Suites is a freehold project located on River Valley Close in prime District 9

The freehold Forett at Bukit Timah is a freehold development comprising 633 units over nine 5-storey blocks and four 9-storey blocks

The Hyde sees new high of $3,325 psf

TABLES: EDGEPROP SINGAPORE

FSKH DEVELOPMENTSAMUEL ISAAC CHUA/THE EDGE SINGAPORE

SAMUEL ISAAC CHUA/THE EDGE SINGAPORE

AURUM LAND

Project highs (based on psf prices from Oct 11 to 16)Date

(2021)District Project name Address Property type Tenure Area (sq ft) Price

($)Price

($ psf)

Oct 16 10 THE HYDE 11 BALMORAL ROAD CONDOMINIUM FREEHOLD 947 3,150,000 3,325Oct 14 21 FORETT AT BUKIT TIMAH 34 TOH TUCK ROAD APARTMENT FREEHOLD 474 1,086,000 2,293Oct 14 10 BELLERIVE 9 KENG CHIN ROAD APARTMENT FREEHOLD 1,539 2,960,000 1,923Oct 13 11 EVELYN MANSIONS 20 EVELYN ROAD APARTMENT FREEHOLD 797 1,520,000 1,908

Oct 15 15 THE WATERSIDE 3 TANJONG RHU ROAD CONDOMINIUM FREEHOLD 2,433 4,570,000 1,879Oct 11 5 TWIN VEW 93 WEST COAST VALE APARTMENT 99 YRS FROM

2017484 868,699 1,793

Oct 13 11 AMARYLLIS VILLE 20 NEWTON ROAD CONDOMINIUM 99 YRS FROM 1997

958 1,690,000 1,764

Oct 13 15 BUTTERWORTH 8 2 BUTTERWORTH LANE CONDOMINIUM FREEHOLD 1,464 2,550,000 1,742

Oct 14 15 VERSILIA ON HAIG 31 IPOH LANE CONDOMINIUM FREEHOLD 1,130 1,900,000 1,681Oct 12 15 FERNWOOD TOWERS 26 FERNWOOD TERRACE CONDOMINIUM FREEHOLD 1,636 2,600,000 1,589Oct 11 8 VOGX 111 DORSET ROAD APARTMENT FREEHOLD 538 738,000 1,371Oct 12 19 OASIS GARDEN 55 JALAN BUNGA RAMPAI CONDOMINIUM FREEHOLD 1,216 1,653,000 1,359Oct 15 23 HAZEL PARK CONDOMINIUM 17 HAZEL PARK TERRACE CONDOMINIUM 999 YRS FROM

1882980 1,330,000 1,358

Oct 11 15 SUNSHINE MANSIONS 289 JOO CHIAT PLACE APARTMENT FREEHOLD 818 1,080,000 1,320Oct 12 12 MOONSTONE VIEW 31 MOONSTONE LANE APARTMENT FREEHOLD 850 1,120,000 1,317

Oct 14 20 BISHAN POINT 61 BRIGHT HILL DRIVE CONDOMINIUM 99 YRS FROM 1997

936 1,230,000 1,313

Oct 11 19 EDEN CREST 14 EDEN GROVE APARTMENT FREEHOLD 969 1,270,000 1,311

Oct 13 15 CHELSEA LODGE 300 TANJONG KATONG ROAD APARTMENT FREEHOLD 1,238 1,505,000 1,216

Oct 15 15 LAGOON VIEW 5000M MARINE PARADE ROAD APARTMENT 99 YRS FROM 1977

1,647 1,880,000 1,142

Oct 13 19 TWIN WATERFALLS 108 PUNGGOL WALK EXECUTIVE CONDOMINIUM

99 YRS FROM 2011

1,378 1,540,000 1,118

Oct 13 19 RIVERPARC RESIDENCE 96 PUNGGOL DRIVE EXECUTIVE CONDOMINIUM

99 YRS FROM 2010

1,076 1,100,000 1,022

Oct 12 14 SIMS MEADOWS 8 LORONG 33 GEYLANG APARTMENT FREEHOLD 1,076 1,100,000 1,022

Oct 15 17 BALLOTA PARK CONDOMINIUM

150 MARIAM WAY CONDOMINIUM FREEHOLD 1,432 1,340,000 936

Project lows (based on psf prices from Oct 11 to 16)Date

(2021)District Project name Address Property type Tenure Area (sq ft) Price

($)Price

($ psf)

Oct 15 14 THE ANTARES 19 MATTAR ROAD APARTMENT 99 YRS FROM 2018

883 1,337,000 1,515

Oct 13 9 STARLIGHT SUITES 11 RIVER VALLEY CLOSE APARTMENT FREEHOLD 3,757 6,000,000 1,597

EDGEPROP | NOVEMBER 1, 2021 • EP5

BROUGHT TO YOU BY OXLEY HOLDINGS

Oxley’s Riverscape offers waterfront living in London’s revitalised Royal Docks

Royal Docks, located in the Newham borough in East London, has played a prominent role in the city’s trade histo-ry. Comprising three docks along the River Thames — Royal Victoria Dock,

Royal Albert Dock and Royal King George V Dock — it was the world’s largest enclosed docks by the 1920s.

As the cargo industry advanced towards much larger container ships that were una-ble to travel upriver, Royal Docks’ function as a commerce hub faded, with the docks finally closing in the 1980s. Over the last decade, the area has undergone massive transformation as one of London’s biggest regeneration projects.

In 2014, Oxley Holdings, together with Ballymore, embarked on the development of the Royal Wharf township at Royal Docks. Comprising 3,385 residential units and ap-proximately 11,000 sq m (118,403 sq ft) of commercial space, the waterfront estate was completed in 2020 and is now home to an estimated community of 10,000.

As Royal Docks continues to evolve as one of London’s most exciting, up-and-coming areas, Oxley and Ballymore are now bringing Riverscape, a new development adjacent to Royal Wharf to Singapore buyers. Riverscape will be launched for

sale here in November at prices starting from GBP399,950 ($737,454).

Best of both worldsAt Riverscape, residents can enjoy the best of both worlds — well-connected urban living as well as a serene riverside setting filled with greenery.

The development fronts the River Thames, nestled between Royal Wharf and Lyle Park. Its location, combined with the curvature of the river, offers beautiful uninterrupted views of green parkland, the river and the skyline of nearby Canary Wharf.

Oxley and Ballymore have made land-scaping and greenery a core feature of the development. Besides having access to Lyle Park, residents will also enjoy over 5,500 sq m of open spaces, courtyards and tree-lined walkways.

Connectivity will not be an issue at Riv-erscape, with two Docklands Light Railway (DLR) stations — West Silvertown and Pontoon Dock — located nearby. An upcoming Crossrail station opening at Custom House, less than a 10-minute walk from Riverscape, will offer access to Heathrow Airport in just 44 minutes and to London’s West End in 20 minutes.

Residents will also be able to catch a ferry to the city centre. The Royal Wharf Pier, located

just a stone’s throw away from Riverscape, offers ferry services along the Thames and 23 pier stops are available, including Canary Wharf, London Bridge City and Westminster.

In addition, Riverscape is near London City Airport, which is reachable within minutes by car or DLR.

Meticulous designRiverscape comprises 769 units spread across 10 residential blocks. Apartments encompass one-, two- and three-bedroom units, with sizes ranging between 549 sq ft and 1,214 sq ft.

Designed by Glenn Howells Architects, the apartments feature panoramic picture windows, allowing residents to fully enjoy the stunning views of the river. The open-plan layout of the units promises a spacious home filled with plenty of natural light.

The units were designed with versatility in mind, offering a choice of flexible day rooms, large outside balconies or enclosed balconies. Residents can choose the space best-suited to their purposes, be it as a home office, outdoor dining area, an art studio or much more.

Meticulous care has also been put into Riverscape’s interior design, which was crafted by Jaki Amos, from renowned design studio

Amos & Amos. Aiming for a classic, contem-porary aesthetic, Amos has incorporated materials such as framed timber and fluted glass for kitchen cabinetry, as well brushed gold brassware, lending a sophisticated touch.

Residents at Riverscape will have access to a range of amenities right at their doorstep, including 24-hour concierge service and a dedicated estate management team. They will also be able enjoy The Sky Lounge, which is exclusive to residents. Located on the 16th floor, The Sky Lounge is a multipurpose space for residents to work, host meetings or have social events while enjoying stunning panoramic views.

As part of the established Royal Wharf township, Riverscape residents will also get membership to The Clubhouse, which offers a gym, spa and swimming pool. Shops and other amenities are also easily accessible at Royal Wharf’s main square and high street.

Primed for growthWith its excellent connectivity, extensive amenities and fast-growing community, Riverscape is poised to appreciate in value. According to property consultancy JLL, home prices in Royal Docks may jump by 30% over the next five years to the end of 2026, outperforming London, where home prices are expected to gain 25% over the same period.

In addition, rental rates are forecast to grow by an average of 3.2% per annum between 2022 and 2026, JLL says.

To find out more about Riverscape, poten-tial buyers are invited to visit Oxley’s sales gallery or contact Oxley’s marketing agents.

PICTURES: OXLEY HOLDINGS

PropNex: Anson Tay (R009681H) 9388 9090

Huttons: Tony Teo (R043002E) 9151 8836

JLL: Chua Shir Yee (R027824Z) 9368 9688

Riverscape fronts the River Thames, nestled between Royal Wharf and Lyle Park

Riverscape boasts over 5,500 sq m of open spaces, courtyards and tree-lined walkways Units at Riverscape feature panoramic picture windows and an open-plan layout

EP6 • EDGEPROP | NOVEMBER 1, 2021

COVER STORY

BY CECILIA [email protected]

Since assuming the position of Lendlease CEO for Asia this June, it has been a busy four months for Justin Gabbani. His pre-decessor, Tony Lombardo, has taken the top job of global CEO at the listed Aus-

tralian property group with a market capital-isation of A$7.5 billion ($7.5 billion). Having moved to the global headquarters in Sydney in April, Lombardo embarked on a seven-week tour (from mid-September to end-October) of key cities where Lendlease has a presence — Singapore, San Francisco, New York City, Wash-ington, Chicago, Milan and London, according to Financial Review.

Meanwhile, Gabbani is working from home like the rest of his team in Singapore, where restrictions have been extended until Nov 21. “Going around to the other countries and hav-ing physical meetings is what I’m looking for-ward to most,” he tells EdgeProp Singapore over a Teams conference call.

No stranger to the region, Gabbani, who joined Lendlease in 2003 in its graduate pro-gramme, moved to Singapore in 2011. He was Lendlease’s CFO for Asia for the past 4½ years, and prior to that, head of investment and cap-

ital markets for Asia and Europe. “I’ve been in Singapore for 10 years,” he says. “I’m very fa-miliar with the business here.”

Life sciences boomThe ongoing Covid pandemic has sparked a boom in life sciences, a sector that Lendlease is already active in. Early last month, Lendlease announced that it will begin construction of a large-scale, greenfield vaccine facility in late 2021.

The facility is located at the 280ha Tuas Bi-omedical Park, a master-planned, specialised industrial park by JTC Corp in the late 1990s. Major biomedical firms that have located there include Abbot, Amgen, Genentech, Lonza Bio-logics, Merck, Novartis and Pfizer.

Lendlease has constructed more than 90% of the facilities at Tuas Biomedical Park. The firm built a majority of Singapore’s major pharmaceu-tical facilities, and some of them have engaged Lendlease for additional projects, including ex-pansion of their existing facilities.

Beyond construction, Lendlease wants to partic-ipate in developments and investments in this sec-tor in Asia. “We see strong demand in life scienc-es,” says Gabbani. “It’s a very attractive sector.”

He points to the life sciences hub in Boston, Massachusetts, that Lendlease is developing in partnership with Canadian real estate play-

er Ivanhoe Cambridge. It is an A$800 million, 320,000 sq ft, state-of-the-art facility devoted to life sciences.

Value-add projects, partnerships In October last year, Sir Run Run Shaw Charitable Trust appointed Lendlease as the project man-

ager for the redevelopment of Shaw Tower on Beach Road. The 35-storey office building with a retail podium, built in 1975, has been demolished and construction of the new tower has begun.

An integrated development, it will stand near-ly 200m tall, with views of Marina Bay and the city. Designed by architectural firm Aedas, the new 35-storey tower will have 450,000 sq ft of Grade-A office space and 30,000 sq ft of retail and F&B space on the ground level. There will also be end-of-trip cycling facilities and sustain-able features that meet BCA’s Green Mark for sustainability and the International Building In-stitute’s WELL rating for health and wellness.

The new Shaw Tower is slated for comple-tion by end-2024, to dovetail with the comple-tion of the neighbouring Guoco Midtown inte-grated development. “It’s going to be part of the Beach Road rejuvenation,” says Gabbani. It will be connected via pedestrian links to both Guo-co Midtown and South Beach mixed-use devel-opments, with easy access to Bugis, Esplanade, City Hall and Promenade MRT Stations.

Lendlease and security firm Certis have formed a partnership to redevelop the latter’s headquar-ters, Certis Cisco Centre at 20 Jalan Afifi. The 130,211 sq ft site, with a 30-year, revolving lease from 2013, was purchased for $150 million or $1,152 psf based on the land area, according to

Lendlease is redeveloping Certis Cisco Centre in a partnership with Certis The 429-unit Park Place Residences at PLQ was completed in 2019, and is the latest phase in the Paya Lebar Quarter mixed-use development to be completed

PICTURES: SAMUEL ISAAC CHUA/THE EDGE SINGAPORE

Lendlease has constructed more than 90% of the facilities at Tuas Biomedical Park

Lendlease’s Justin Gabbani makes inroads in life sciences, data centres

Gabbani: We see strong demand in the life sciences. It’s a very attractive sector

EDGEPROP | NOVEMBER 1, 2021 • EP7

a caveat lodged in March this year. Certis Cisco Centre will be redeveloped into a

new, “green and sustainable project” with about 30,000 sq m (322,917 sq ft) of office space, ac-cording to Lendlease.

Resilience of mixed-use, urban regeneration projectThe Certis Cisco Centre site is within a two-min-ute walk of Lendlease’s $3.7 billion, integrated development Paya Lebar Quarter (PLQ). Lend-lease prides itself as a place maker with a spe-cialty in urban regeneration projects such as PLQ and Melbourne Quarter in Melbourne.

Despite Covid and work-from-home arrange-ments, the three office towers at PLQ, with 870,000 sq ft of Grade-A office space, are 99% leased to-day. “We haven’t really seen people shy away from committing to new office space,” says Gabbani.

The 72,000 sq ft Csuites, Lendlease’s flexible workplace concept at PLQ, was fully taken up by this August, following a spike in demand for flexible workspaces from last November. “Cor-porate tenants increasingly see it as an ameni-ty,” Gabbani adds.

PLQ Mall, with 340,000 sq ft of retail space, is 97% leased. “Central services — supermarkets, pharmacies — continue to be very resilient,” notes Gabbani. “F&B has been pretty resilient as well, notwithstanding the various restrictions.”

The 429-unit Park Place Residences at PLQ are fully sold and were completed in 2019, ahead of the pandemic. Launched in March 2017, 50% of the units were sold at a median price of $1,805 psf. The second tower, launched a year later in April 2018, saw another 149 units taken up at a median price of $2,060 psf. Units have changed hands in the resale market at prices from $1,836 psf to $2,240 psf, according to caveats lodged from May to September 2021.

Lendlease is eyeing more ambitious develop-ments, namely master developer projects, says Gabbani. An example is the 8.29ha Kampong Bugis site located next to the Kallang Basin, which was put on the Reserve List of the 2H2019 Gov-ernment Land Sales programme. The site could yield 4,000 dwelling units and 50,000 sq m gross floor area of commercial space for retail, office, serviced apartments or hospitality use.

‘Most established market’Singapore is Lendlease’s most established mar-ket, says Gabbani. “We have been here for 48 years, across all three business lines [construc-tion, development and investment],” he adds. “We probably have the most capital invested in Singapore.”

Of A$2 billion capital allocated to Asia over the past five years, A$1.5 billion has been invested. Singapore accounted for the biggest share of the investment. “We have another A$500 million to invest but we will also recycle our capital when we complete our developments,” says Gabbani.

Apart from Singapore, the other three mar-kets in Asia where Lendlease has a presence are

Malaysia, China and Japan. In Malaysia, where Lendlease ventured into

some 30 years ago, the focus has been on two projects. One of them is Setia City Mall, an 80:20 joint venture project between SP Setia and Lend-lease Development (Malaysia). Lendlease’s 20% stake in the mall is held by one of its private funds.

With 730,000 sq ft of retail space and 235 stores, Setia City Mall opened in 2012. The sec-ond phase of 450,000 sq ft retail space and 150 new stores, was slated for completion by 2020. It will bring total retail space at the mall to 1.2 million sq ft, making it the biggest in Shah Alam.

Covid had impacted the final stages of pre-leas-ing and development of Setia City Mall II, Gabba-ni concedes. Since the second phase opened this April, “stabilisation” has been ongoing.

Multi-billion-dollar The Exchange TRX Lendlease’s biggest project in Malaysia is The Ex-change TRX, Kuala Lumpur, with an estimated gross development value of about A$3 billion. The mixed-use development is a 60:40 joint ven-ture between Lendlease and Malaysia’s Minis-try of Finance.

The Exchange TRX is described as “a new vi-brant lifestyle destination”, seamlessly connect-ed to Tun Razak Exchange, “a city-defining de-velopment and Malaysia’s new CBD”.

Sitting on a 6.9ha site, The Exchange TRX is

a mixed-use development with retail, office, ho-tel and residential components, and connected to a park and future MRT station.

The first phase of the residential component, TRX Residences Tower A is 53 storeys tall with 443 units, while Tower B is 57 storeys with 453 units. The two towers are targeted for comple-tion in FY2024. About 314 units (35% of 896 units) across the two towers have been presold, according to Lendlease’s FY2021 annual report. Units start from 474 sq ft for a one-bedder, with prices upwards of RM970,000 ($313,252). “All available units in Tower A have been sold, and we continue to receive strong interest for Tower B,” says Gabbani.

Interest is said to come from a good mix of foreigners, Malaysian expatriates living overseas and locals. Another 1,630 units are in the pipe-line for launch, bringing total residential stock to 2,526 units.

The retail mall has a net lettable area of about 1.3 million sq ft, and is slated for completion in FY2023. Given its scale, Lendlease has been fo-cused on its pre-leasing over the past 12 months. Tenants include Seibu Department Store, which will be taking up 250,000 sq ft across four levels; an upscale supermarket brand by Hong Kong’s Dairy Farm Group; and a new cinema-cum-en-tertainment concept by Golden Screen Cine-mas. Leasing of the F&B space will start at the

end of the year. The hotel component marks the debut of

Kimpton Hotels and Restaurants — a brand un-der IHG Hotels & Resorts — in Malaysia. The smallest component at The Exchange TRX is the office space, which accounts for 65,000 sq m out of a total of 187,000 sq m of commercial space.

Senior living in ChinaIn China, Lendlease’s focus has been on Ardor Gardens, a senior living project in Shanghai, on the banks of Dianshan Lake. The low-density project has 20 buildings of four to six storeys spread across an area of 85,000 sq m.

Of the 878 apartments in the development, more than 250 in Phase One have been deliv-ered. The remaining phases will be completed over the coming year. To date, half the units re-leased in the first phase have been taken up, and units are sold based on a membership model, says Gabbani.

Ardor Gardens is the first senior living project in China to be conferred a WELL health and safe-ty rating. Facilities include themed clubhouses, handicraft rooms, a senior-friendly gym, heat-ed swimming pool and a community restaurant helmed by a chef and a professional nutritionist. There are medical facilities within the project, while a hospital is nearby too.

“With an ageing population, the Chinese government wanted to create a senior living in-dustry, and it was this policy push that allowed us to secure this parcel of land,” says Gabbani. Lendlease continues to pursue opportunities in this nascent sector in China.

Large-scale data centre in JapanIn Japan, Lendlease embarked on its maiden data centre development under Lendlease Data Centre Partners (LLDCP) in August. One of the largest data centre developments in Japan, it has an end development value of more than A$800 million.

Located in Greater Tokyo, the data centre facility will occupy 33,000 sq m of land. The 600,000 sq m project will be developed in two phases. The first phase has been pre-leased to a major data centre operator, which has taken the option on the second phase too. The existing office building on the site will be demolished, with construction to commence in the middle of next year. The first phase is slated for com-pletion in 2024.

While Japan may mark its flagship project, LL-DCP will pursue data centre opportunities across all markets in Asia, says Gabbani. Lendlease will fund 20% of LLDCP, with the remaining 80% by an unnamed “global institutional investor”.

In Japan, Lendlease is looking for opportuni-ties in urban regeneration, mixed-use develop-ments and value-add opportunities with build-ing owners like what it has done in Singapore.

Indeed, Lendlease will continue to focus on five key sectors across Asia: “commercial and res-idential development, life sciences, data centres and senior living”, says Gabbani. E

Artist’s impression of the new Shaw Tower, a 35-storey integrated development with 450,000 sq ft of Grade-A office space and 30,000 sq ft of retail and F&B space on the ground floor

The garden of one of the 250 apartments in the first phase of Ardor Gardens, Shanghai, a senior living development by Lendlease in China. When fully completed, it will have a total of 878 apartments

COVER STORYAEDAS

LENDLEASE

Artist’s impression of The Exchange TRX, a mixed-use development with a 1.3 million sq ft mall, the first two residential towers with a total of 896 units, Kimpton Hotel and offices. The development will be connected to TRX Park and a dedicated MRT station

LENDLEASE

EP8 • EDGEPROP | NOVEMBER 1, 2021

DONE DEALS

Residential transactions with contracts dated Oct 12 to 19

PROJECT NAME PROPERTY TYPE TENURESALE DATE

(2021)LAND AREA/

FLOOR AREA (SQ FT)TRANSACTED

PRICE ($)NETT PRICE

($ PSF)UNIT PRICE

($ PSF)COMPLETION

DATE TYPE OF SALE

District 2 ALTEZ Apartment 99 years Oct 12 829 1,800,000 - 2,172 2014 ResaleSKYSUITES@ANSON Apartment 99 years Oct 14 366 878,000 - 2,399 2014 ResaleSPOTTISWOODE 18 Apartment Freehold Oct 12 1,076 2,048,000 - 1,903 2014 ResaleSPOTTISWOODE PARK Apartment 93 years Oct 12 850 868,000 - 1,021 - ResaleTHE ARRIS Apartment Freehold Oct 12 990 2,040,000 - 2,060 2002 ResaleDistrict 3 ASCENTIA SKY Condominium 99 years Oct 13 1,011 1,600,000 - 1,581 2013 ResaleAVENUE SOUTH RESIDENCE Apartment 99 years Oct 16 689 1,660,000 - 2,410 Uncompleted New SaleAVENUE SOUTH RESIDENCE Apartment 99 years Oct 16 732 1,729,000 - 2,362 Uncompleted New SaleAVENUE SOUTH RESIDENCE Apartment 99 years Oct 17 1,496 2,772,000 - 1,853 Uncompleted New SaleAVENUE SOUTH RESIDENCE Apartment 99 years Oct 17 1,108 2,631,000 - 2,373 Uncompleted New SaleAVENUE SOUTH RESIDENCE Apartment 99 years Oct 17 947 2,170,000 - 2,291 Uncompleted New SaleQUEENS Condominium 99 years Oct 19 1,194 1,660,000 - 1,389 2002 ResaleRIVER PLACE Condominium 99 years Oct 13 2,066 3,330,000 - 1,611 2000 ResaleRIVIERE Apartment 99 years Oct 15 818 2,318,000 - 2,834 Uncompleted New SaleRIVIERE Apartment 99 years Oct 15 2,001 5,797,700 - 2,896 Uncompleted New SaleRIVIERE Apartment 99 years Oct 15 839 2,330,700 - 2,776 Uncompleted New SaleDistrict 4 REFLECTIONS AT KEPPEL BAY Condominium 99 years Oct 14 1,506 3,050,000 - 2,024 2011 ResaleREFLECTIONS AT KEPPEL BAY Condominium 99 years Oct 19 3,615 6,400,000 - 1,770 2011 ResaleSEASCAPE Condominium 99 years Oct 13 4,067 9,932,400 - 2,441 2011 ResaleTHE INTERLACE Condominium 99 years Oct 15 1,044 1,468,000 - 1,406 2013 ResaleDistrict 5 BLUE HORIZON Condominium 99 years Oct 14 1,151 1,300,000 - 1,129 2005 ResaleCLAVON Apartment 99 years Oct 12 1,280 2,173,000 - 1,696 Uncompleted New SaleCLAVON Apartment 99 years Oct 13 1,356 2,279,000 - 1,680 Uncompleted New SaleCLAVON Apartment 99 years Oct 15 1,280 2,179,000 - 1,701 Uncompleted New SaleCLAVON Apartment 99 years Oct 16 1,582 2,573,000 - 1,626 Uncompleted New SaleCLAVON Apartment 99 years Oct 17 1,130 2,020,000 - 1,787 Uncompleted New SaleKENT RIDGE HILL RESIDENCES Apartment 99 years Oct 16 947 1,868,000 - 1,972 Uncompleted New SaleJALAN MAS KUNING Terrace Freehold Oct 12 1,636 2,660,000 - 1,622 - ResaleNORMANTON PARK Apartment 99 years Oct 12 527 969,000 - 1,837 Uncompleted New SaleNORMANTON PARK Apartment 99 years Oct 12 560 1,054,000 - 1,883 Uncompleted New SaleNORMANTON PARK Apartment 99 years Oct 12 1,614 2,923,000 - 1,810 Uncompleted New SaleNORMANTON PARK Apartment 99 years Oct 12 915 1,608,000 - 1,757 Uncompleted New SaleNORMANTON PARK Apartment 99 years Oct 13 527 987,000 - 1,871 Uncompleted New SaleNORMANTON PARK Apartment 99 years Oct 13 1,313 2,389,000 - 1,819 Uncompleted New SaleNORMANTON PARK Apartment 99 years Oct 13 570 1,060,000 - 1,858 Uncompleted New SaleNORMANTON PARK Apartment 99 years Oct 14 915 1,588,000 - 1,736 Uncompleted New SaleNORMANTON PARK Apartment 99 years Oct 15 947 1,722,000 - 1,818 Uncompleted New SaleNORMANTON PARK Apartment 99 years Oct 16 936 1,674,400 - 1,788 Uncompleted New SaleNORMANTON PARK Apartment 99 years Oct 17 829 1,559,000 - 1,881 Uncompleted New SaleNORMANTON PARK Apartment 99 years Oct 17 829 1,522,000 - 1,836 Uncompleted New SaleNORMANTON PARK Apartment 99 years Oct 17 936 1,689,000 - 1,804 Uncompleted New SaleNORMANTON PARK Apartment 99 years Oct 17 527 980,000 - 1,858 Uncompleted New SaleONE-NORTH EDEN Apartment 99 years Oct 16 1,399 2,725,000 - 1,947 Uncompleted New SalePARC CLEMATIS Apartment 99 years Oct 12 968 1,626,000 - 1,678 Uncompleted New SalePARC CLEMATIS Apartment 99 years Oct 15 1,248 2,058,000 - 1,648 Uncompleted New SalePARC CLEMATIS Apartment 99 years Oct 15 915 1,611,000 - 1,761 Uncompleted New SalePARC CLEMATIS Apartment 99 years Oct 16 1,463 2,451,000 - 1,674 Uncompleted New SalePARC RIVIERA Condominium 99 years Oct 18 463 710,000 - 1,534 2019 ResalePARC RIVIERA Condominium 99 years Oct 19 710 1,000,000 - 1,408 2019 ResaleTHE CLEMENT CANOPY Apartment 99 years Oct 14 990 1,640,000 - 1,656 2019 ResaleTHE PARC CONDOMINIUM Condominium Freehold Oct 14 979 1,428,000 - 1,458 2010 ResaleTHE ROCHESTER RESIDENCES Apartment 99 years Oct 15 1,861 2,610,000 - 1,402 2011 ResaleTHE TRILINQ Condominium 99 years Oct 15 915 1,520,750 - 1,662 2017 ResaleTHE TRILINQ Condominium 99 years Oct 19 1,044 1,612,000 - 1,544 2017 ResaleWATERFRONT @ FABER Apartment 99 years Oct 18 1,033 1,438,000 - 1,392 2017 ResaleDistrict 7 CITY GATE Apartment 99 years Oct 18 753 1,395,000 - 1,851 2018 ResaleDUO RESIDENCES Apartment 99 years Oct 12 646 1,340,000 - 2,075 2017 ResaleSOUTH BEACH RESIDENCES Apartment 99 years Oct 18 3,895 18,500,000 - 4,748 2016 ResaleTHE PLAZA Apartment 99 years Oct 14 732 790,000 - 1,079 1979 ResaleDistrict 8 UPTOWN @ FARRER Apartment 99 years Oct 14 1,184 2,042,000 - 1,725 2021 New SaleDistrict 9 CAVENAGH HOUSE Apartment Freehold Oct 18 1,700 3,060,000 - 1,799 - ResaleESPADA Apartment Freehold Oct 14 377 973,000 - 2,583 2013 ResaleHILLTOPS Condominium Freehold Oct 14 1,711 5,364,000 - 3,134 2011 ResaleHILLTOPS Condominium Freehold Oct 19 2,389 7,076,000 - 2,961 2011 ResaleIRWELL HILL RESIDENCES Apartment 99 years Oct 12 398 1,154,000 - 2,898 Uncompleted New SaleIRWELL HILL RESIDENCES Apartment 99 years Oct 13 678 1,900,000 - 2,802 Uncompleted New SaleKOPAR AT NEWTON Apartment 99 years Oct 13 516 1,295,910 - 2,508 Uncompleted New SaleLE WILKIE Apartment Freehold Oct 12 1,001 1,398,000 - 1,397 1996 ResaleLEONIE SUITES Apartment 99 years Oct 18 936 1,600,000 - 1,709 2006 ResalePARC EMILY Condominium Freehold Oct 15 1,001 1,888,000 - 1,886 2008 ResaleSTARLIGHT SUITES Apartment Freehold Oct 13 3,755 6,000,000 - 1,597 2014 ResaleTHE AVENIR Condominium Freehold Oct 13 1,141 3,841,000 - 3,366 Uncompleted New SaleTHE AVENIR Condominium Freehold Oct 13 1,528 4,954,000 - 3,241 Uncompleted New SaleTHE AVENIR Condominium Freehold Oct 13 1,528 4,884,000 - 3,195 Uncompleted New SaleTHE AVENIR Condominium Freehold Oct 16 1,141 3,753,000 - 3,289 Uncompleted New SaleTHE AVENIR Condominium Freehold Oct 16 1,528 5,096,000 - 3,334 Uncompleted New SaleTHE AVENIR Condominium Freehold Oct 17 1,528 4,931,000 - 3,226 Uncompleted New SaleTHE IMPERIAL Condominium Freehold Oct 18 1,732 3,820,000 - 2,204 2006 ResaleTHE INSPIRA Condominium Freehold Oct 18 936 2,000,000 - 2,136 2009 ResaleTHE LIGHT @ CAIRNHILL Condominium Freehold Oct 15 1,722 3,800,000 - 2,206 2004 ResaleTHE QUAYSIDE Apartment 99 years Oct 19 1,367 2,080,000 - 1,522 1998 ResaleTHE RITZ-CARLTON RESIDENCES SINGAPORE CAIRNHILL Apartment Freehold Oct 15 3,056 15,000,000 - 4,907 2011 ResaleDistrict 10 15 HOLLAND HILL Apartment Freehold Oct 12 2,496 7,565,910 - 3,030 Uncompleted New Sale3 CUSCADEN Apartment Freehold Oct 14 732 2,936,518 - 4,012 Uncompleted New SaleBELLERIVE Apartment Freehold Oct 14 1,539 2,960,000 - 1,923 2011 ResaleD’LEEDON Condominium 99 years Oct 13 1,054 1,605,000 - 1,522 2014 ResaleD’LEEDON Condominium 99 years Oct 13 1,356 2,200,000 - 1,622 2014 ResaleD’LEEDON Condominium 99 years Oct 15 1,076 1,610,000 - 1,496 2014 Resale

DORMER PARK Condominium Freehold Oct 14 1,237 2,240,000 - 1,810 1993 ResaleDRAYCOTT EIGHT Condominium 99 years Oct 15 3,174 6,480,000 - 2,041 2005 ResaleFOUR SEASONS PARK Condominium Freehold Oct 14 2,873 8,800,000 - 3,062 1994 ResaleFOURTH AVENUE RESIDENCES Apartment 99 years Oct 12 710 1,755,000 - 2,470 Uncompleted New SaleFOURTH AVENUE RESIDENCES Apartment 99 years Oct 13 689 1,683,540 - 2,444 Uncompleted New SaleFOURTH AVENUE RESIDENCES Apartment 99 years Oct 14 689 1,741,000 - 2,527 Uncompleted New SaleFOURTH AVENUE RESIDENCES Apartment 99 years Oct 15 506 1,245,000 - 2,461 Uncompleted New SaleHYLL ON HOLLAND Condominium Freehold Oct 17 699 1,796,100 - 2,567 Uncompleted New SaleJERVOIS MANSION Apartment Freehold Oct 16 1,022 2,700,000 - 2,640 Uncompleted New SaleJERVOIS MANSION Apartment Freehold Oct 16 1,022 2,480,000 - 2,425 Uncompleted New SaleJERVOIS MANSION Apartment Freehold Oct 16 1,022 2,265,000 - 2,215 Uncompleted New SaleJERVOIS MANSION Apartment Freehold Oct 16 753 1,668,958 - 2,215 Uncompleted New SaleJERVOIS MANSION Apartment Freehold Oct 16 753 2,100,000 - 2,787 Uncompleted New SaleJERVOIS MANSION Apartment Freehold Oct 16 753 1,869,505 - 2,481 Uncompleted New SaleJERVOIS MANSION Apartment Freehold Oct 16 1,474 3,744,235 - 2,539 Uncompleted New SaleJERVOIS MANSION Apartment Freehold Oct 16 785 2,181,665 - 2,776 Uncompleted New SaleJERVOIS MANSION Apartment Freehold Oct 16 785 2,260,210 - 2,876 Uncompleted New SaleJERVOIS MANSION Apartment Freehold Oct 16 785 2,032,196 - 2,586 Uncompleted New SaleJERVOIS MANSION Apartment Freehold Oct 16 785 2,027,020 - 2,580 Uncompleted New SaleJERVOIS MANSION Apartment Freehold Oct 16 785 1,942,230 - 2,472 Uncompleted New SaleJERVOIS MANSION Apartment Freehold Oct 16 1,808 5,205,751 - 2,879 Uncompleted New SaleJERVOIS MANSION Apartment Freehold Oct 16 1,808 4,828,198 - 2,670 Uncompleted New SaleJERVOIS MANSION Apartment Freehold Oct 16 1,808 4,841,438 - 2,677 Uncompleted New SaleJERVOIS MANSION Apartment Freehold Oct 16 1,808 4,427,970 - 2,449 Uncompleted New SaleJERVOIS MANSION Apartment Freehold Oct 16 1,539 4,163,990 - 2,705 Uncompleted New SaleJERVOIS MANSION Apartment Freehold Oct 16 1,539 3,686,555 - 2,395 Uncompleted New SaleJERVOIS MANSION Apartment Freehold Oct 16 1,539 3,681,000 - 2,391 Uncompleted New SaleJERVOIS MANSION Apartment Freehold Oct 16 1,539 3,614,270 - 2,348 Uncompleted New SaleJERVOIS MANSION Apartment Freehold Oct 16 785 1,990,786 - 2,534 Uncompleted New SaleJERVOIS MANSION Apartment Freehold Oct 16 785 2,027,020 - 2,580 Uncompleted New SaleJERVOIS MANSION Apartment Freehold Oct 16 785 2,093,162 - 2,664 Uncompleted New SaleJERVOIS MANSION Apartment Freehold Oct 16 785 2,181,665 - 2,776 Uncompleted New SaleJERVOIS MANSION Apartment Freehold Oct 16 785 2,260,210 - 2,876 Uncompleted New SaleJERVOIS MANSION Apartment Freehold Oct 16 1,001 2,679,380 - 2,677 Uncompleted New SaleJERVOIS MANSION Apartment Freehold Oct 16 1,001 2,569,655 - 2,567 Uncompleted New SaleJERVOIS MANSION Apartment Freehold Oct 16 1,001 2,777,840 - 2,775 Uncompleted New SaleJERVOIS MANSION Apartment Freehold Oct 16 1,001 2,517,405 - 2,515 Uncompleted New SaleJERVOIS MANSION Apartment Freehold Oct 16 861 2,496,000 - 2,899 Uncompleted New SaleJERVOIS MANSION Apartment Freehold Oct 16 861 2,195,545 - 2,550 Uncompleted New SaleJERVOIS MANSION Apartment Freehold Oct 16 861 2,171,510 - 2,522 Uncompleted New SaleJERVOIS MANSION Apartment Freehold Oct 16 861 2,196,830 - 2,551 Uncompleted New SaleJERVOIS MANSION Apartment Freehold Oct 16 861 2,407,967 - 2,796 Uncompleted New SaleJERVOIS MANSION Apartment Freehold Oct 16 861 2,495,746 - 2,898 Uncompleted New SaleJERVOIS MANSION Apartment Freehold Oct 16 1,001 2,763,280 - 2,760 Uncompleted New SaleJERVOIS MANSION Apartment Freehold Oct 16 1,001 2,556,070 - 2,553 Uncompleted New SaleJERVOIS MANSION Apartment Freehold Oct 16 1,001 2,665,795 - 2,663 Uncompleted New SaleJERVOIS MANSION Apartment Freehold Oct 16 495 1,410,000 - 2,848 Uncompleted New SaleJERVOIS MANSION Apartment Freehold Oct 16 495 1,274,085 - 2,573 Uncompleted New SaleJERVOIS MANSION Apartment Freehold Oct 16 495 1,375,833 - 2,779 Uncompleted New SaleJERVOIS MANSION Apartment Freehold Oct 16 495 1,435,000 - 2,898 Uncompleted New SaleJERVOIS MANSION Apartment Freehold Oct 16 495 1,337,893 - 2,702 Uncompleted New SaleJERVOIS MANSION Apartment Freehold Oct 16 495 1,375,833 - 2,779 Uncompleted New SaleJERVOIS MANSION Apartment Freehold Oct 16 495 1,337,893 - 2,702 Uncompleted New SaleJERVOIS MANSION Apartment Freehold Oct 16 495 1,274,085 - 2,573 Uncompleted New SaleJERVOIS MANSION Apartment Freehold Oct 16 495 1,410,000 - 2,848 Uncompleted New SaleJERVOIS MANSION Apartment Freehold Oct 16 646 1,818,340 - 2,815 Uncompleted New SaleJERVOIS MANSION Apartment Freehold Oct 16 646 1,747,684 - 2,706 Uncompleted New SaleJERVOIS MANSION Apartment Freehold Oct 16 646 1,666,787 - 2,581 Uncompleted New SaleJERVOIS MANSION Apartment Freehold Oct 16 646 1,870,800 - 2,897 Uncompleted New SaleJERVOIS MANSION Apartment Freehold Oct 16 807 2,293,836 - 2,841 Uncompleted New SaleJERVOIS MANSION Apartment Freehold Oct 16 807 1,995,950 - 2,472 Uncompleted New SaleJERVOIS MANSION Apartment Freehold Oct 16 678 1,932,775 - 2,850 Uncompleted New SaleJERVOIS MANSION Apartment Freehold Oct 16 678 1,717,980 - 2,533 Uncompleted New SaleJERVOIS MANSION Apartment Freehold Oct 16 678 1,854,901 - 2,735 Uncompleted New SaleJERVOIS MANSION Apartment Freehold Oct 16 678 1,611,000 - 2,376 Uncompleted New SaleJERVOIS MANSION Apartment Freehold Oct 16 678 1,792,175 - 2,643 Uncompleted New SaleJERVOIS MANSION Apartment Freehold Oct 16 678 1,611,000 - 2,376 Uncompleted New SaleJERVOIS MANSION Apartment Freehold Oct 16 678 1,961,766 - 2,893 Uncompleted New SaleJERVOIS MANSION Apartment Freehold Oct 16 678 1,717,980 - 2,533 Uncompleted New SaleJERVOIS MANSION Apartment Freehold Oct 16 796 1,923,845 - 2,415 Uncompleted New SaleJERVOIS MANSION Apartment Freehold Oct 16 796 2,174,044 - 2,729 Uncompleted New SaleJERVOIS MANSION Apartment Freehold Oct 16 796 2,261,839 - 2,840 Uncompleted New SaleJERVOIS MANSION Apartment Freehold Oct 16 818 2,083,258 - 2,547 Uncompleted New SaleJERVOIS MANSION Apartment Freehold Oct 16 818 2,029,996 - 2,481 Uncompleted New SaleJERVOIS MANSION Apartment Freehold Oct 16 818 2,371,069 - 2,898 Uncompleted New SaleJERVOIS MANSION Apartment Freehold Oct 16 818 2,194,000 - 2,682 Uncompleted New SaleJERVOIS MANSION Apartment Freehold Oct 16 495 1,388,856 - 2,805 Uncompleted New SaleJERVOIS MANSION Apartment Freehold Oct 16 495 1,404,632 - 2,837 Uncompleted New SaleJERVOIS MANSION Apartment Freehold Oct 16 495 1,298,449 - 2,622 Uncompleted New SaleJERVOIS MANSION Apartment Freehold Oct 16 495 1,258,560 - 2,542 Uncompleted New SaleJERVOIS MANSION Apartment Freehold Oct 16 495 1,194,000 - 2,411 Uncompleted New SaleJERVOIS MANSION Apartment Freehold Oct 17 1,539 4,489,141 - 2,916 Uncompleted New SaleKING’S 8 Detached Freehold Oct 15 5,111 5,300,000 - 1,037 2010 ResaleLEEDON GREEN Condominium Freehold Oct 12 818 2,226,900 - 2,722 Uncompleted New SaleLEEDON GREEN Condominium Freehold Oct 15 1,356 3,620,000 - 2,669 Uncompleted New SaleLEEDON GREEN Condominium Freehold Oct 15 710 1,924,480 - 2,709 Uncompleted New SaleLEEDON GREEN Condominium Freehold Oct 16 710 1,780,000 - 2,506 Uncompleted New SaleLEEDON GREEN Condominium Freehold Oct 16 473 1,269,000 - 2,679 Uncompleted New SaleLEEDON GREEN Condominium Freehold Oct 17 473 1,289,000 - 2,722 Uncompleted New SaleLEEDON GREEN Condominium Freehold Oct 17 710 1,818,000 - 2,559 Uncompleted New SaleLEEDON RESIDENCE Condominium Freehold Oct 15 2,130 5,400,000 - 2,534 2015 ResaleMING TECK PARK Terrace 999 years Oct 19 1,937 4,750,000 - 2,454 - ResaleQUEEN’S ROAD Semi-Detached Freehold Oct 13 3,432 6,700,000 - 1,952 1996 ResaleHOLLAND GROVE WALK Detached Freehold Oct 15 4,293 9,600,000 - 2,236 - ResaleNOUVEL 18 Condominium Freehold Oct 13 2,475 8,456,000 - 3,416 2014 ResalePARK NOVA Apartment Freehold Oct 13 2,206 10,691,000 - 4,845 Uncompleted New SalePETIT JERVOIS Apartment Freehold Oct 16 1,291 3,685,000 - 2,853 Uncompleted New SaleREGENCY PARK Condominium Freehold Oct 19 3,174 6,400,000 - 2,016 1987 ResaleROBIN RESIDENCES Condominium Freehold Oct 19 1,259 2,850,000 - 2,263 2015 ResaleROYALGREEN Condominium Freehold Oct 14 721 1,878,900 - 2,605 Uncompleted New SaleROYALGREEN Condominium Freehold Oct 14 1,431 4,100,000 - 2,864 Uncompleted New SaleROYALGREEN Condominium Freehold Oct 14 990 2,840,680 - 2,869 Uncompleted New SaleROYALGREEN Condominium Freehold Oct 15 1,076 2,964,780 - 2,754 Uncompleted New SaleROYALGREEN Condominium Freehold Oct 15 1,076 3,036,456 - 2,821 Uncompleted New SaleSLOANE RESIDENCES Apartment Freehold Oct 15 1,496 4,273,800 - 2,856 Uncompleted New SaleSOMMERVILLE PARK Condominium Freehold Oct 12 1,302 2,400,000 - 1,843 1985 ResaleST REGIS RESIDENCES SINGAPORE Apartment 999 years Oct 12 2,755 8,000,000 - 2,903 2008 ResaleTHE HYDE Condominium Freehold Oct 16 947 2,928,000 - 3,091 Uncompleted New SaleTHE HYDE Condominium Freehold Oct 16 947 3,150,000 - 3,325 Uncompleted New SaleTHE ORANGE GROVE Condominium Freehold Oct 13 2,152 4,600,000 - 2,137 2010 ResaleTHE TESSARINA Condominium Freehold Oct 18 1,356 2,720,000 - 2,006 2003 Resale

District 11 35 GILSTEAD Apartment Freehold Oct 13 473 1,239,000 - 2,616 Uncompleted New SaleAMANINDA Condominium Freehold Oct 13 1,216 1,815,000 - 1,492 2005 ResaleAMARYLLIS VILLE Condominium 99 years Oct 13 958 1,690,000 - 1,764 2004 ResaleEVELYN MANSIONS Apartment Freehold Oct 13 796 1,520,000 - 1,908 1997 ResalePULLMAN RESIDENCES NEWTON Apartment Freehold Oct 13 1,162 3,254,000 - 2,799 Uncompleted New SaleSKY@ELEVEN Condominium Freehold Oct 13 2,712 4,630,000 - 1,707 2010 ResaleTHE SHELFORD Condominium Freehold Oct 14 1,592 3,220,000 - 2,021 2005 ResaleWATTEN RESIDENCES Semi-Detached Freehold Oct 19 4,003 4,208,000 - 1,051 2011 ResaleDistrict 12 AIRSTREAM Apartment Freehold Oct 15 473 690,000 - 1,457 2012 ResaleCITY REGENCY Apartment Freehold Oct 18 850 1,088,000 - 1,279 2009 ResaleECOVILLE Apartment Freehold Oct 18 1,184 1,730,000 - 1,461 2008 ResaleEIGHT RIVERSUITES Condominium 99 years Oct 15 699 1,060,000 - 1,515 2016 ResaleMOONSTONE VIEW Apartment Freehold Oct 12 850 1,120,000 - 1,317 2000 ResaleSUITES @ TOPAZ Apartment Freehold Oct 14 667 750,000 - 1,124 2012 ResaleTHE INTERWEAVE Apartment Freehold Oct 14 377 588,000 - 1,561 2014 ResaleTHE MEZZO Apartment Freehold Oct 12 839 1,240,000 - 1,477 2012 ResaleTHE MEZZO Apartment Freehold Oct 18 839 1,278,888 - 1,523 2012 Resale

PROJECT NAME PROPERTY TYPE TENURESALE DATE

(2021)LAND AREA/

FLOOR AREA (SQ FT)TRANSACTED

PRICE ($)NETT PRICE

($ PSF)UNIT PRICE

($ PSF)COMPLETION

DATE TYPE OF SALE

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

EDGEPROP | NOVEMBER 1, 2021 • EP9

CONTINUES ON PAGE EP10

RIPPLE BAY Condominium 99 years Oct 18 484 590,000 - 1,218 2015 ResaleRIPPLE BAY Condominium 99 years Oct 18 775 855,000 - 1,103 2015 ResaleRIS GRANDEUR Condominium Freehold Oct 12 1,539 1,600,000 - 1,039 2005 ResaleSEA HORIZON EC 99 years Oct 12 775 723,000 - 933 2016 ResaleSEA HORIZON EC 99 years Oct 13 775 730,000 - 942 2016 ResaleSEA HORIZON EC 99 years Oct 15 1,162 1,150,000 - 989 2016 ResaleSEA HORIZON EC 99 years Oct 19 1,528 1,600,000 - 1,047 2016 ResaleSTRATUM Condominium 99 years Oct 18 473 560,000 - 1,182 2016 ResaleTHE ALPS RESIDENCES Condominium 99 years Oct 13 689 888,888 - 1,290 2019 Sub SaleTHE PALETTE Condominium 99 years Oct 18 742 856,000 - 1,153 2015 ResaleTREASURE AT TAMPINES Condominium 99 years Oct 12 1,033 1,523,000 - 1,474 Uncompleted New SaleTREASURE AT TAMPINES Condominium 99 years Oct 16 1,323 1,924,000 - 1,453 Uncompleted New SaleTREASURE AT TAMPINES Condominium 99 years Oct 16 1,323 1,933,000 - 1,460 Uncompleted New SaleTREASURE AT TAMPINES Condominium 99 years Oct 16 678 1,161,000 - 1,712 Uncompleted New SaleTREASURE AT TAMPINES Condominium 99 years Oct 17 1,033 1,612,000 - 1,560 Uncompleted New SaleTREASURE AT TAMPINES Condominium 99 years Oct 17 1,033 1,626,000 - 1,574 Uncompleted New SaleDistrict 19 A TREASURE TROVE Condominium 99 years Oct 12 775 900,000 - 1,161 2015 ResaleAUSTVILLE RESIDENCES EC 99 years Oct 13 807 810,000 - 1,003 2014 ResaleBARTLEY RESIDENCES Apartment 99 years Oct 12 1,808 2,367,500 - 1,309 2015 ResaleCHILTERN PARK Condominium 99 years Oct 14 915 1,096,170 - 1,198 1995 ResaleD’ZIRE Apartment 999 years Oct 12 430 600,000 - 1,394 2014 ResaleECOPOLITAN EC 99 years Oct 15 1,194 1,270,000 - 1,063 2016 ResaleEVANIA Apartment Freehold Oct 15 1,840 1,820,000 - 989 2010 ResaleHERON BAY EC 99 years Oct 12 1,270 1,208,000 - 951 2015 ResaleHERON BAY EC 99 years Oct 12 2,001 1,720,000 - 859 2015 ResaleHIGHLAND ROW Terrace Freehold Oct 12 2,464 3,800,000 - 1,544 1990 ResaleISUITES @ PALM Apartment 999 years Oct 14 1,216 1,410,000 - 1,159 2013 ResaleJEWEL @ BUANGKOK Condominium 99 years Oct 15 1,151 1,510,000 - 1,311 2016 ResaleJEWEL @ BUANGKOK Condominium 99 years Oct 18 872 1,200,000 - 1,376 2016 ResaleJEWEL @ CHUAN HOE Terrace 999 years Oct 15 4,401 2,350,000 - 534 2010 ResaleKINGSFORD WATERBAY Apartment 99 years Oct 15 484 625,000 - 1,290 2018 ResaleKINGSFORD WATERBAY Apartment 99 years Oct 18 484 628,000 - 1,297 2018 ResaleKOVAN REGENCY Condominium 99 years Oct 14 1,054 1,560,000 - 1,479 2015 ResaleLE ROYCE @ LEITH PARK Terrace Freehold Oct 13 3,777 2,750,000 - 728 2006 ResaleLORONG LEW LIAN Terrace Freehold Oct 14 1,818 2,750,000 - 1,513 1967 ResaleSIMON PLACE Terrace Freehold Oct 15 2,604 3,150,000 - 1,207 - ResaleLANGE ROAD Detached 999 years Oct 15 5,660 5,100,000 - 900 - ResaleCHARLTON ROAD Semi-Detached Freehold Oct 18 2,238 4,130,000 - 1,843 2005 ResaleUPPER SERANGOON ROAD Detached Freehold Oct 19 14,289 11,500,000 - 805 - ResaleOASIS GARDEN Condominium Freehold Oct 12 1,216 1,653,000 - 1,359 2009 ResaleOLA EC 99 years Oct 13 775 942,000 - 1,215 Uncompleted New SaleOLA EC 99 years Oct 15 775 943,000 - 1,217 Uncompleted New SaleOLA EC 99 years Oct 15 775 958,000 - 1,236 Uncompleted New SaleOLA EC 99 years Oct 16 1,388 1,673,000 - 1,205 Uncompleted New SaleOLA EC 99 years Oct 16 1,388 1,614,000 - 1,162 Uncompleted New SaleOLA EC 99 years Oct 16 775 953,000 - 1,230 Uncompleted New SaleOLA EC 99 years Oct 16 1,054 1,246,000 - 1,181 Uncompleted New SaleOLA EC 99 years Oct 17 1,054 1,233,000 - 1,169 Uncompleted New SaleOLA EC 99 years Oct 17 1,054 1,187,000 - 1,125 Uncompleted New SalePARC CENTROS Condominium 99 years Oct 13 463 660,000 - 1,426 2016 ResalePARRY PARK Terrace 999 years Oct 18 1,679 2,980,000 - 1,770 1991 ResalePRESTO@UPPER SERANGOON Apartment Freehold Oct 18 861 900,000 - 1,045 2016 ResaleREGENTVILLE Apartment 99 years Oct 13 1,076 855,000 - 794 1999 ResaleRIVER ISLES Condominium 99 years Oct 19 1,141 1,220,000 - 1,069 2015 ResaleRIVERPARC RESIDENCE EC 99 years Oct 13 1,076 1,100,000 - 1,022 2014 ResaleSENGKANG GRAND RESIDENCES Apartment 99 years Oct 16 1,011 1,778,580 - 1,758 Uncompleted New SaleSERANGOON GARDEN ESTATE Terrace 999 years Oct 15 1,840 3,598,888 - 1,956 - ResaleSERANGOON GARDEN ESTATE Terrace 999 years Oct 15 2,152 2,910,000 - 1,350 - ResaleSERANGOON GARDEN ESTATE Semi-Detached 999 years Oct 15 2,690 4,530,000 - 1,682 - ResaleTERRASSE Condominium 99 years Oct 15 1,108 1,400,000 - 1,263 2014 ResaleTHE FLORENCE RESIDENCES Apartment 99 years Oct 12 635 1,167,000 - 1,838 Uncompleted New SaleTHE FLORENCE RESIDENCES Apartment 99 years Oct 13 990 1,755,000 - 1,772 Uncompleted New SaleTHE FLORENCE RESIDENCES Apartment 99 years Oct 15 915 1,565,000 - 1,710 Uncompleted New SaleTHE FLORENCE RESIDENCES Apartment 99 years Oct 16 635 1,150,000 - 1,811 Uncompleted New SaleTHE FLORENCE RESIDENCES Apartment 99 years Oct 16 667 1,228,000 - 1,840 Uncompleted New SaleTHE FLORENCE RESIDENCES Apartment 99 years Oct 16 990 1,855,000 - 1,873 Uncompleted New SaleTHE FLORENCE RESIDENCES Apartment 99 years Oct 16 990 1,821,000 - 1,839 Uncompleted New SaleTHE FLORENCE RESIDENCES Apartment 99 years Oct 16 1,280 2,188,000 - 1,708 Uncompleted New SaleTHE FLORENCE RESIDENCES Apartment 99 years Oct 16 1,280 2,207,000 - 1,723 Uncompleted New SaleTHE FLORENCE RESIDENCES Apartment 99 years Oct 16 1,356 2,171,000 - 1,601 Uncompleted New SaleTHE FLORENCE RESIDENCES Apartment 99 years Oct 16 635 1,184,000 - 1,864 Uncompleted New SaleTHE FLORENCE RESIDENCES Apartment 99 years Oct 17 1,345 2,189,000 - 1,627 Uncompleted New SaleTHE FLORENCE RESIDENCES Apartment 99 years Oct 17 667 1,222,000 - 1,831 Uncompleted New SaleTHE FLORENCE RESIDENCES Apartment 99 years Oct 17 1,679 2,624,000 - 1,563 Uncompleted New SaleTHE FLORENTINE Apartment 947 years Oct 12 1,786 1,830,000 - 1,024 2011 ResaleTHE LUXURIE Condominium 99 years Oct 15 1,001 1,188,888 - 1,188 2015 ResaleTRILIVE Condominium Freehold Oct 15 904 1,450,000 - 1,604 2018 ResaleTWIN WATERFALLS EC 99 years Oct 13 1,377 1,540,000 - 1,118 2015 ResaleVERDANA VILLAS Semi-Detached Freehold Oct 15 4,616 3,260,000 - 706 2013 ResaleWATERTOWN Apartment 99 years Oct 12 570 823,500 - 1,443 2017 ResaleWATERWOODS EC 99 years Oct 13 1,044 1,080,000 - 1,034 2015 ResaleWATERWOODS EC 99 years Oct 15 1,044 1,070,000 - 1,025 2015 ResaleDistrict 20 BISHAN POINT Condominium 99 years Oct 14 936 1,230,000 - 1,313 2005 ResaleBRADDELL VIEW Apartment 103 years Oct 13 1,797 1,660,000 - 923 1981 ResaleCENTRO RESIDENCES Condominium 99 years Oct 14 742 1,200,000 - 1,616 2014 ResaleCLOVER BY THE PARK Condominium 99 years Oct 13 1,765 2,410,000 - 1,365 2011 ResaleFAR HORIZON GARDENS Condominium 99 years Oct 14 1,948 1,880,000 - 965 1986 ResaleJADESCAPE Condominium 99 years Oct 14 1,420 2,531,000 - 1,781 Uncompleted New SaleSEMBAWANG HILLS ESTATE Terrace Freehold Oct 14 1,420 2,300,000 - 1,616 - ResaleSKY HABITAT Condominium 99 years Oct 15 1,248 2,100,000 - 1,682 2015 ResaleSKY VUE Condominium 99 years Oct 15 484 828,000 - 1,709 2016 ResaleTHE GARDENS AT BISHAN Condominium 99 years Oct 13 1,205 1,648,000 - 1,367 2004 ResaleTHE PANORAMA Condominium 99 years Oct 15 1,022 1,600,000 - 1,565 2017 ResaleTHOMSON IMPRESSIONS Apartment 99 years Oct 18 463 798,000 - 1,724 2018 ResaleTHOMSON THREE Apartment 99 years Oct 12 732 1,250,000 - 1,708 2016 ResaleDistrict 21 CHENG SOON GARDEN Semi-Detached Freehold Oct 13 3,605 4,500,000 - 1,247 1991 ResaleFORETT AT BUKIT TIMAH Apartment Freehold Oct 12 473 974,000 - 2,057 Uncompleted New SaleFORETT AT BUKIT TIMAH Apartment Freehold Oct 14 473 1,086,000 - 2,293 Uncompleted New SaleGREENRIDGE Terrace Freehold Oct 18 2,722 4,080,000 - 1,499 1987 ResaleJARDIN Condominium Freehold Oct 12 1,689 3,000,000 - 1,775 2012 ResaleKI RESIDENCES AT BROOKVALE Condominium 999 years Oct 14 753 1,530,000 - 2,031 Uncompleted New SaleKI RESIDENCES AT BROOKVALE Condominium 999 years Oct 15 1,194 2,217,000 - 1,856 Uncompleted New SaleKI RESIDENCES AT BROOKVALE Condominium 999 years Oct 15 882 1,607,000 - 1,821 Uncompleted New SaleKI RESIDENCES AT BROOKVALE Condominium 999 years Oct 17 1,108 2,325,000 - 2,097 Uncompleted New SaleKI RESIDENCES AT BROOKVALE Condominium 999 years Oct 17 753 1,451,000 - 1,926 Uncompleted New SaleYUK TONG AVENUE Terrace Freehold Oct 12 2,012 2,850,000 - 1,414 1972 ResaleSUMMERHILL Condominium Freehold Oct 18 947 1,335,000 - 1,409 2002 ResaleSYMPHONY HEIGHTS Condominium Freehold Oct 13 1,668 2,285,000 - 1,370 1998 ResaleTHE HILLFORD Apartment 60 years Oct 15 398 510,000 - 1,281 2016 ResaleVERDALE Apartment 99 years Oct 15 732 1,274,800 - 1,742 Uncompleted New SaleVERDALE Apartment 99 years Oct 15 732 1,346,000 - 1,839 Uncompleted New SaleVERDALE Apartment 99 years Oct 17 560 964,000 - 1,722 Uncompleted New SaleDistrict 22 CASPIAN Condominium 99 years Oct 13 872 1,000,000 - 1,147 2012 ResaleLAKE GRANDE Condominium 99 years Oct 18 473 750,000 - 1,584 2019 ResalePARC OASIS Condominium 99 years Oct 15 1,506 1,500,000 - 995 1994 ResaleTHE LAKESHORE Condominium 99 years Oct 14 1,151 1,270,000 - 1,103 2007 ResaleDistrict 23 BURGUNDY HILL Semi-Detached 99 years Oct 14 2,561 2,530,000 - 986 1999 ResaleBURGUNDY HILL Semi-Detached 99 years Oct 15 2,260 2,668,000 - 1,180 1999 ResaleDAIRY FARM RESIDENCES Apartment 99 years Oct 12 936 1,443,200 - 1,541 Uncompleted New SaleDAIRY FARM RESIDENCES Apartment 99 years Oct 12 1,022 1,630,400 - 1,594 Uncompleted New SaleDAIRY FARM RESIDENCES Apartment 99 years Oct 12 1,141 1,804,600 - 1,582 Uncompleted New SaleDAIRY FARM RESIDENCES Apartment 99 years Oct 12 936 1,436,500 - 1,534 Uncompleted New SaleDAIRY FARM RESIDENCES Apartment 99 years Oct 12 936 1,437,900 - 1,535 Uncompleted New Sale

Residential transactions with contracts dated Oct 12 to 19

PROJECT NAME PROPERTY TYPE TENURESALE DATE

(2021)LAND AREA/

FLOOR AREA (SQ FT)TRANSACTED

PRICE ($)NETT PRICE

($ PSF)UNIT PRICE

($ PSF)COMPLETION

DATE TYPE OF SALE PROJECT NAME PROPERTY TYPE TENURESALE DATE

(2021)LAND AREA/

FLOOR AREA (SQ FT)TRANSACTED

PRICE ($)NETT PRICE

($ PSF)UNIT PRICE

($ PSF)COMPLETION

DATE TYPE OF SALE

VERTICUS Apartment Freehold Oct 13 463 1,024,000 - 2,212 Uncompleted New SaleVERTICUS Apartment Freehold Oct 14 635 1,354,000 - 2,132 Uncompleted New SaleVERTICUS Apartment Freehold Oct 16 753 1,438,000 - 1,908 Uncompleted New SaleDistrict 13 BARTLEY RIDGE Condominium 99 years Oct 12 1,173 1,690,000 - 1,440 2016 ResaleBARTLEY RIDGE Condominium 99 years Oct 13 1,044 1,585,000 - 1,518 2016 ResaleBELLAVILLE Detached Freehold Oct 18 4,412 3,088,888 - 700 2012 ResaleMACPHERSON GARDEN ESTATE Terrace Freehold Oct 13 925 2,500,888 - 2,717 - ResaleSANT RITZ Condominium 99 years Oct 14 1,259 1,720,000 - 1,366 2016 ResaleTHE WOODLEIGH RESIDENCES Apartment 99 years Oct 14 958 1,953,000 - 2,039 Uncompleted New SaleTHE WOODLEIGH RESIDENCES Apartment 99 years Oct 17 958 2,060,000 - 2,150 Uncompleted New SaleDistrict 14 # 1 SUITES Apartment Freehold Oct 18 818 780,000 - 953 2016 ResaleEUHABITAT Condominium 99 years Oct 15 613 765,000 - 1,247 2015 ResaleEUHABITAT Condominium 99 years Oct 18 560 693,000 - 1,238 2015 ResaleGUILLEMARD EDGE Apartment Freehold Oct 15 861 795,000 - 923 2014 ResaleGUILLEMARD EDGE Apartment Freehold Oct 15 409 618,000 - 1,511 2014 ResaleKINGSTON TERRACE Apartment Freehold Oct 18 1,323 1,370,000 - 1,035 1994 ResaleSIMS MEADOWS Apartment Freehold Oct 12 1,076 1,100,000 - 1,022 2002 ResaleSIMS URBAN OASIS Condominium 99 years Oct 13 463 770,000 - 1,664 2017 ResaleSINGA HILLS Apartment Freehold Oct 14 829 1,100,000 - 1,327 2016 ResaleSTARVILLE Condominium Freehold Oct 18 1,754 1,606,668 - 916 2006 ResaleTEDGE Apartment Freehold Oct 13 947 1,586,000 - 1,674 Uncompleted New SaleTHE ALCOVE Apartment 99 years Oct 14 1,065 975,000 - 915 2004 ResaleTHE ANTARES Apartment 99 years Oct 12 603 988,000 - 1,639 Uncompleted New SaleTHE ANTARES Apartment 99 years Oct 15 882 1,337,000 - 1,515 Uncompleted New SaleTHE ANTARES Apartment 99 years Oct 17 829 1,450,000 - 1,749 Uncompleted New SaleTHE ANTARES Apartment 99 years Oct 17 882 1,605,000 - 1,818 Uncompleted New SaleTHE SUNNY SPRING Apartment Freehold Oct 12 1,592 1,630,000 - 1,023 1998 ResaleTRE RESIDENCES Condominium 99 years Oct 14 947 1,500,000 - 1,584 2018 ResaleTRE RESIDENCES Condominium 99 years Oct 18 947 1,500,000 - 1,584 2018 ResaleVACANZA @ EAST Condominium Freehold Oct 15 560 732,000 - 1,308 2014 ResaleYONG SENG ESTATE Terrace Freehold Oct 18 1,883 2,800,000 - 1,488 - ResaleDistrict 15 AMBER PARK Condominium Freehold Oct 15 1,302 3,283,740 - 2,521 Uncompleted New SaleAMBER PARK Condominium Freehold Oct 16 872 2,097,800 - 2,406 Uncompleted New SaleAMBER PARK Condominium Freehold Oct 17 1,571 3,634,470 - 2,313 Uncompleted New SaleBUTTERWORTH 8 Condominium Freehold Oct 13 1,463 2,550,000 - 1,742 2004 ResaleCHAPEL COURT Apartment Freehold Oct 19 1,689 2,070,000 - 1,225 1997 ResaleCHELSEA LODGE Apartment Freehold Oct 13 1,237 1,505,000 - 1,216 2000 ResaleCOSTA RHU Condominium 99 years Oct 15 1,743 1,675,000 - 961 1997 ResaleFERNWOOD TOWERS Condominium Freehold Oct 12 1,636 2,600,000 - 1,589 1994 ResaleFLAMINGO VALLEY Condominium Freehold Oct 15 958 1,450,000 - 1,514 2014 ResaleGARDEN PARK RESIDENCES Apartment Freehold Oct 13 1,625 2,110,000 - 1,298 2016 ResaleHAIG 162 Apartment Freehold Oct 14 495 731,000 - 1,476 2013 ResaleKALEIDO Terrace Freehold Oct 14 3,206 3,200,000 - 998 2017 ResaleLAGOON VIEW Apartment 99 years Oct 15 1,646 1,880,000 - 1,142 - ResaleMANDARIN GARDENS Condominium 99 years Oct 13 1,528 1,628,000 - 1,065 1986 ResaleCRANE ROAD Terrace Freehold Oct 12 2,141 3,680,000 - 1,721 1997 ResaleCARPMAEL ROAD Terrace Freehold Oct 13 1,582 2,660,000 - 1,678 1934 ResaleJALAN TANAH PUTEH Semi-Detached Freehold Oct 19 3,497 5,800,000 - 1,658 - ResaleOLA RESIDENCES Condominium Freehold Oct 18 1,636 2,700,000 - 1,650 2011 ResaleONE @ PULASAN Apartment Freehold Oct 18 1,033 1,280,000 - 1,239 2009 ResaleONE FORT Condominium Freehold Oct 12 1,227 1,920,000 - 1,565 2005 ResaleOPERA ESTATE Terrace Freehold Oct 18 2,077 4,100,000 - 1,973 - ResalePEBBLE BAY Condominium 99 years Oct 12 1,894 3,220,000 - 1,700 1997 ResaleQUESTA @ DUNMAN Apartment Freehold Oct 18 807 1,306,000 - 1,618 2013 ResaleSERAYA VILLE Apartment Freehold Oct 19 1,431 1,818,000 - 1,270 1991 ResaleSEVENTY SAINT PATRICK’S Condominium Freehold Oct 15 1,345 2,300,000 - 1,709 2016 ResaleTHE GLACIER Apartment Freehold Oct 15 1,410 1,790,000 - 1,269 2004 ResaleTHE SHORE RESIDENCES Condominium 103 years Oct 13 893 1,580,000 - 1,769 2014 ResaleTHE SHORE RESIDENCES Condominium 103 years Oct 15 872 1,490,000 - 1,709 2014 ResaleTHE WATERSIDE Condominium Freehold Oct 15 2,432 4,570,000 - 1,879 1992 ResaleVERSILIA ON HAIG Condominium Freehold Oct 14 1,130 1,900,000 - 1,681 2010 ResaleVIBES @ EAST COAST Apartment Freehold Oct 12 420 635,000 - 1,513 2014 ResaleDistrict 16 ARCHIPELAGO Condominium 99 years Oct 15 2,141 2,365,000 - 1,104 2015 ResaleBAYSHORE PARK Condominium 99 years Oct 12 1,173 1,280,000 - 1,091 1986 ResaleBAYSHORE PARK Condominium 99 years Oct 19 1,173 1,210,000 - 1,031 1986 ResaleBEDOK GROVE Terrace Freehold Oct 13 1,765 3,686,253 - 2,086 2003 ResaleBEDOK GROVE Terrace Freehold Oct 14 1,765 3,653,003 - 2,066 2003 ResaleBEDOK SHOPPING COMPLEX Apartment 60 years Oct 19 1,216 340,000 - 280 1977 ResaleBREEZE BY THE EAST Condominium Freehold Oct 18 2,367 2,950,000 - 1,246 2011 ResaleCASA MERAH Apartment 99 years Oct 18 1,528 1,800,000 - 1,178 2009 ResaleCOSTA DEL SOL Condominium 99 years Oct 15 1,313 1,810,000 - 1,378 2004 ResaleEAST MEADOWS Condominium 99 years Oct 14 1,205 1,210,000 - 1,004 2002 ResaleEAST MEADOWS Condominium 99 years Oct 18 1,194 1,250,000 - 1,046 2002 ResaleGRANDEUR PARK RESIDENCES Condominium 99 years Oct 12 560 756,000 - 1,351 2020 ResaleIDYLLIC EAST Apartment Freehold Oct 12 979 1,300,000 - 1,327 2010 ResaleEASTWOOD DRIVE Semi-Detached 99 years Oct 13 2,755 2,738,000 - 992 1997 ResaleTHE GLADES Condominium 99 years Oct 14 667 978,000 - 1,465 2016 ResaleURBAN VISTA Condominium 99 years Oct 14 850 1,138,000 - 1,338 2016 ResaleWATERFRONT KEY Condominium 99 years Oct 12 1,442 1,670,000 - 1,158 2012 ResaleWATERFRONT KEY Condominium 99 years Oct 13 882 1,120,888 - 1,270 2012 ResaleWATERFRONT WAVES Condominium 99 years Oct 12 1,248 1,500,000 - 1,201 2011 ResaleWATERFRONT WAVES Condominium 99 years Oct 15 1,636 1,900,000 - 1,161 2011 ResaleDistrict 17 BALLOTA PARK CONDOMINIUM Condominium Freehold Oct 15 1,431 1,340,000 - 936 2000 ResaleBLUWATERS 2 Condominium 946 years Oct 15 872 858,000 - 984 2010 ResaleEDELWEISS PARK CONDOMINIUM Condominium Freehold Oct 12 2,690 2,030,000 - 754 2006 ResaleHEDGES PARK CONDOMINIUM Condominium 99 years Oct 18 872 895,000 - 1,027 2015 ResaleLOYANG VILLAS Terrace 99 years Oct 14 2,034 2,080,000 - 1,022 1996 ResalePALM ISLES Condominium 99 years Oct 12 1,323 1,318,000 - 995 2015 ResalePALM ISLES Condominium 99 years Oct 13 990 970,000 - 980 2015 ResalePARC KOMO Apartment Freehold Oct 16 925 1,486,000 - 1,605 Uncompleted New SalePARC KOMO Apartment Freehold Oct 17 732 1,181,000 - 1,613 Uncompleted New SalePARC OLYMPIA Condominium 99 years Oct 18 495 585,000 - 1,181 2015 ResaleTHE INFLORA Condominium 99 years Oct 18 818 800,000 - 978 2016 ResaleTHE JOVELL Condominium 99 years Oct 12 1,270 1,693,800 - 1,334 Uncompleted New SaleTHE JOVELL Condominium 99 years Oct 12 646 913,800 - 1,415 Uncompleted New SaleTHE JOVELL Condominium 99 years Oct 13 646 931,000 - 1,442 Uncompleted New SaleTHE JOVELL Condominium 99 years Oct 13 721 1,013,700 - 1,406 Uncompleted New SaleTHE JOVELL Condominium 99 years Oct 14 904 1,178,300 - 1,303 Uncompleted New SaleTHE JOVELL Condominium 99 years Oct 15 904 1,207,600 - 1,336 Uncompleted New SaleTHE JOVELL Condominium 99 years Oct 17 904 1,202,300 - 1,330 Uncompleted New SaleTHE JOVELL Condominium 99 years Oct 17 904 1,196,900 - 1,324 Uncompleted New SaleDistrict 18 ARC AT TAMPINES EC 99 years Oct 15 1,356 1,138,000 - 839 2014 ResaleARC AT TAMPINES EC 99 years Oct 15 958 942,000 - 983 2014 ResaleCHANGI RISE CONDOMINIUM Condominium 99 years Oct 18 1,280 1,150,000 - 898 2004 ResaleCITYLIFE@TAMPINES EC 99 years Oct 14 1,108 1,300,000 - 1,173 2016 ResaleCITYLIFE@TAMPINES EC 99 years Oct 18 1,162 1,198,888 - 1,031 2016 ResaleCITYLIFE@TAMPINES EC 99 years Oct 19 1,442 1,480,000 - 1,026 2016 ResaleCOCO PALMS Condominium 99 years Oct 15 1,668 1,980,000 - 1,187 2018 ResaleD’NEST Condominium 99 years Oct 12 753 840,000 - 1,115 2017 ResaleD’NEST Condominium 99 years Oct 12 753 863,000 - 1,145 2017 ResaleD’NEST Condominium 99 years Oct 15 1,270 1,385,000 - 1,090 2017 ResaleDOUBLE BAY RESIDENCES Condominium 99 years Oct 18 1,270 1,460,000 - 1,149 2012 ResaleEASTPOINT GREEN Condominium 99 years Oct 12 1,141 930,000 - 815 1999 ResaleNV RESIDENCES Condominium 99 years Oct 14 742 800,000 - 1,077 2013 ResaleNV RESIDENCES Condominium 99 years Oct 15 742 798,000 - 1,074 2013 ResaleNV RESIDENCES Condominium 99 years Oct 15 796 775,000 - 973 2013 ResalePARC CENTRAL RESIDENCES EC 99 years Oct 13 1,205 1,534,000 - 1,272 Uncompleted New SalePARC CENTRAL RESIDENCES EC 99 years Oct 14 1,227 1,455,000 - 1,186 Uncompleted New SalePARC CENTRAL RESIDENCES EC 99 years Oct 15 1,205 1,510,000 - 1,253 Uncompleted New SalePARC CENTRAL RESIDENCES EC 99 years Oct 17 1,205 1,534,000 - 1,272 Uncompleted New SalePASIR RIS BEACH PARK Terrace 99 years Oct 15 3,465 1,980,000 - 572 1976 ResaleRIPPLE BAY Condominium 99 years Oct 12 785 815,000 - 1,037 2015 ResaleRIPPLE BAY Condominium 99 years Oct 13 2,668 2,688,000 - 1,007 2015 Resale

DONE DEALS

EP10 • EDGEPROP | NOVEMBER 1, 2021

Source: URA Realis. Updated Oct 26, 2021. EC stands for executive condominium

DISCLAIMER:The Edge Property 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.

Residential transactions with contracts dated Oct 12 to 19

PROJECT NAME PROPERTY TYPE TENURESALE DATE

(2021)LAND AREA/

FLOOR AREA (SQ FT)TRANSACTED

PRICE ($)NETT PRICE

($ PSF)UNIT PRICE

($ PSF)COMPLETION

DATE TYPE OF SALE PROJECT NAME PROPERTY TYPE TENURESALE DATE

(2021)LAND AREA/

FLOOR AREA (SQ FT)TRANSACTED

PRICE ($)NETT PRICE

($ PSF)UNIT PRICE

($ PSF)COMPLETION

DATE TYPE OF SALE

DONE DEALS

DAIRY FARM RESIDENCES Apartment 99 years Oct 12 936 1,450,800 - 1,549 Uncompleted New SaleDAIRY FARM RESIDENCES Apartment 99 years Oct 12 721 1,117,000 - 1,549 Uncompleted New SaleDAIRY FARM RESIDENCES Apartment 99 years Oct 13 936 1,442,700 - 1,541 Uncompleted New SaleDAIRY FARM RESIDENCES Apartment 99 years Oct 13 764 1,287,000 - 1,684 Uncompleted New SaleDAIRY FARM RESIDENCES Apartment 99 years Oct 13 710 1,198,600 - 1,687 Uncompleted New SaleDAIRY FARM RESIDENCES Apartment 99 years Oct 14 710 1,182,500 - 1,664 Uncompleted New SaleDAIRY FARM RESIDENCES Apartment 99 years Oct 14 710 1,221,000 - 1,719 Uncompleted New SaleDAIRY FARM RESIDENCES Apartment 99 years Oct 14 710 1,196,300 - 1,684 Uncompleted New SaleDAIRY FARM RESIDENCES Apartment 99 years Oct 14 710 1,192,200 - 1,678 Uncompleted New SaleDAIRY FARM RESIDENCES Apartment 99 years Oct 14 936 1,449,200 - 1,548 Uncompleted New SaleDAIRY FARM RESIDENCES Apartment 99 years Oct 14 936 1,546,200 - 1,651 Uncompleted New SaleDAIRY FARM RESIDENCES Apartment 99 years Oct 14 1,011 1,605,800 - 1,587 Uncompleted New SaleDAIRY FARM RESIDENCES Apartment 99 years Oct 15 721 1,108,900 - 1,538 Uncompleted New SaleDAIRY FARM RESIDENCES Apartment 99 years Oct 15 710 1,188,600 - 1,673 Uncompleted New SaleDAIRY FARM RESIDENCES Apartment 99 years Oct 15 936 1,534,800 - 1,639 Uncompleted New SaleDAIRY FARM RESIDENCES Apartment 99 years Oct 15 1,334 2,150,000 - 1,611 Uncompleted New SaleDAIRY FARM RESIDENCES Apartment 99 years Oct 15 710 1,202,700 - 1,693 Uncompleted New SaleDAIRY FARM RESIDENCES Apartment 99 years Oct 16 936 1,472,100 - 1,572 Uncompleted New SaleDAIRY FARM RESIDENCES Apartment 99 years Oct 17 721 1,226,200 - 1,700 Uncompleted New SaleGLENDALE PARK Condominium Freehold Oct 14 1,216 1,770,000 - 1,455 2000 ResaleHAZEL PARK CONDOMINIUM Condominium 999 years Oct 12 1,377 1,860,000 - 1,350 2000 ResaleHAZEL PARK CONDOMINIUM Condominium 999 years Oct 15 979 1,330,000 - 1,358 2000 ResaleHILLSTA Condominium 99 years Oct 14 538 662,000 - 1,230 2016 ResaleHILLSTA Condominium 99 years Oct 15 861 915,888 - 1,064 2016 ResaleHILLSTA Condominium 99 years Oct 18 861 950,000 - 1,103 2016 ResaleHILLTOP GROVE Condominium 99 years Oct 15 1,011 890,000 - 880 2001 ResaleKINGSFORD . HILLVIEW PEAK Condominium 99 years Oct 14 829 1,070,000 - 1,291 2017 ResaleMIDWOOD Condominium 99 years Oct 12 1,248 2,115,000 - 1,694 Uncompleted New SaleMIDWOOD Condominium 99 years Oct 12 699 1,234,000 - 1,764 Uncompleted New SaleMIDWOOD Condominium 99 years Oct 12 484 909,000 - 1,877 Uncompleted New SaleMIDWOOD Condominium 99 years Oct 16 484 907,000 - 1,872 Uncompleted New SaleMIDWOOD Condominium 99 years Oct 16 689 1,266,000 - 1,838 Uncompleted New SaleMIDWOOD Condominium 99 years Oct 17 699 1,238,000 - 1,769 Uncompleted New SaleJALAN ASAS Semi-Detached 99 years Oct 14 2,916 770,000 - 264 - ResaleNATURA@HILLVIEW Apartment Freehold Oct 18 527 760,000 - 1,441 2015 ResaleNORTHVALE Apartment 99 years Oct 14 1,087 849,000 - 781 1998 ResalePALM GARDENS Condominium 99 years Oct 12 1,205 971,000 - 805 2000 ResalePAVILION PARK Detached Freehold Oct 14 2,453 3,000,000 - 1,223 2003 ResalePAVILION PARK Terrace Freehold Oct 19 2,174 3,900,000 - 1,789 2014 ResalePHOENIX RESIDENCES Apartment 99 years Oct 13 603 900,000 - 1,493 Uncompleted New SalePHOENIX RESIDENCES Apartment 99 years Oct 14 742 1,147,840 - 1,545 Uncompleted New SaleREGENT GROVE Condominium 99 years Oct 12 1,259 950,000 - 754 2000 ResaleREGENT GROVE Condominium 99 years Oct 14 1,173 888,000 - 757 2000 ResaleSOL ACRES EC 99 years Oct 15 613 660,000 - 1,076 2018 ResaleTHE HILLIER Apartment 99 years Oct 18 516 740,000 - 1,432 2016 ResaleTHE RAINFOREST EC 99 years Oct 12 947 1,038,000 - 1,096 2015 ResaleTHE SKYWOODS Condominium 99 years Oct 15 1,345 1,830,000 - 1,360 2016 ResaleTHE TENNERY Apartment 99 years Oct 14 613 713,000 - 1,162 2014 ResaleTHE TENNERY Apartment 99 years Oct 14 613 745,000 - 1,214 2014 ResaleTHE TENNERY Apartment 99 years Oct 14 613 725,000 - 1,182 2014 ResaleTREE HOUSE Condominium 99 years Oct 13 1,076 1,150,000 - 1,068 2013 ResaleTREE HOUSE Condominium 99 years Oct 13 1,011 1,060,000 - 1,048 2013 Resale

YEW MEI GREEN EC 99 years Oct 12 1,700 1,150,000 - 676 2000 ResaleDistrict 25 FORESTVILLE EC 99 years Oct 14 1,194 1,120,000 - 937 2016 ResaleFORESTVILLE EC 99 years Oct 15 1,463 1,410,000 - 963 2016 ResaleFORESTVILLE EC 99 years Oct 15 1,065 960,000 - 901 2016 ResaleNORTHOAKS EC 99 years Oct 14 1,054 760,000 - 720 2000 ResalePINEWOOD TERRACE Terrace 99 years Oct 15 1,937 2,200,888 - 1,136 1997 ResaleDistrict 26 BANYAN VILLAS Terrace Freehold Oct 15 1,840 3,731,200 - 2,026 2007 ResaleCASTLE GREEN Condominium 99 years Oct 13 1,410 1,520,000 - 1,078 1997 ResaleFOREST HILLS CONDOMINIUM Condominium 99 years Oct 14 1,227 1,030,888 - 840 2003 ResaleTHE SPRINGSIDE Terrace Freehold Oct 12 2,281 3,338,000 - 1,461 2016 ResaleDistrict 27 EUPHONY GARDENS Condominium 99 years Oct 12 1,108 830,000 - 749 2001 ResalePENAGA PLACE Terrace 99 years Oct 14 1,808 2,250,000 - 1,243 2009 ResaleNORTH PARK RESIDENCES Apartment 99 years Oct 15 732 1,180,000 - 1,612 2018 Sub SaleNORTH PARK RESIDENCES Apartment 99 years Oct 15 1,098 1,720,000 - 1,567 2018 Sub SalePROVENCE RESIDENCE EC 99 years Oct 14 882 1,111,000 - 1,259 Uncompleted New SalePROVENCE RESIDENCE EC 99 years Oct 16 882 1,013,000 - 1,148 Uncompleted New SalePROVENCE RESIDENCE EC 99 years Oct 17 1,399 1,751,000 - 1,251 Uncompleted New SaleSKIES MILTONIA Condominium 99 years Oct 12 721 785,000 - 1,088 2016 ResaleSKIES MILTONIA Condominium 99 years Oct 14 742 845,000 - 1,138 2016 ResaleSKYPARK RESIDENCES EC 99 years Oct 15 1,592 1,740,000 - 1,092 2016 ResaleSYMPHONY SUITES Condominium 99 years Oct 19 689 790,000 - 1,147 2018 ResaleTHE SHAUGHNESSY Terrace 99 years Oct 18 3,282 2,103,888 - 641 2006 ResaleTHE WATERGARDENS AT CANBERRA Apartment 99 years Oct 12 958 1,363,000 - 1,423 Uncompleted New SaleTHE WATERGARDENS AT CANBERRA Apartment 99 years Oct 17 678 1,041,000 - 1,535 Uncompleted New SaleTHE WATERGARDENS AT CANBERRA Apartment 99 years Oct 17 958 1,433,000 - 1,496 Uncompleted New SaleTHE WISTERIA Apartment 99 years Oct 14 968 1,100,000 - 1,135 2018 ResaleTHE WISTERIA Apartment 99 years Oct 18 710 870,000 - 1,225 2018 ResaleYISHUN EMERALD Condominium 99 years Oct 13 1,431 1,050,000 - 733 2002 ResaleDistrict 28 CABANA Terrace 103 years Oct 15 2,916 2,088,000 - 716 2013 ResaleGRANDE VISTA Condominium 999 years Oct 18 1,237 1,550,000 - 1,252 1992 ResaleHIGH PARK RESIDENCES Apartment 99 years Oct 12 667 878,000 - 1,316 2019 ResaleKECHUBONG TERRACE Semi-Detached 999 years Oct 12 4,175 4,900,000 - 1,174 1997 ResaleLUSH ACRES EC 99 years Oct 12 1,054 1,060,000 - 1,005 2016 ResalePARC BOTANNIA Condominium 99 years Oct 15 506 745,000 - 1,473 Uncompleted Sub SalePARC GREENWICH EC 99 years Oct 15 1,001 1,347,000 - 1,346 Uncompleted New SaleRIVERBANK @ FERNVALE Condominium 99 years Oct 18 1,054 1,220,000 - 1,157 2017 ResaleSARACA GARDENS Semi-Detached Freehold Oct 13 5,089 4,750,000 - 934 1993 ResaleSELETAR HILLS ESTATE Semi-Detached 999 years Oct 18 3,282 3,480,000 - 1,060 - ResaleSELETAR PARK RESIDENCE Condominium 99 years Oct 13 872 1,150,000 - 1,319 2015 ResaleSELETAR PARK RESIDENCE Condominium 99 years Oct 14 2,313 2,080,000 - 899 2015 Resale

FROM PAGE EP9

OFFSHORE

BY LAM KA-SING

Co-living projects are delivering high-er occupancy and profits for property owners, underpinning efforts to ac-quire and convert hotels as the hos-pitality industry continues to suffer

from tough Covid-19 measures, according to consultants.

The city could see about US$300 million ($404 million) worth of real estate transactions involv-ing hotels this year, JLL estimated, with the vast majority of them earmarked for conversion into co-living purposes. The volume may increase to US$500 million next year, it said.

One notably aggressive player is Weave Liv-ing, a co-living operator backed by US private equity firm Warburg Pincus, which JLL said is planning to add to its five operating properties in Hong Kong. Dash Living last week unveiled its newest facility in Mong Kok, adding to its current offerings in Hong Kong, Singapore, Syd-ney and Tokyo.

“We can expect the co-living sector to keep growing in the coming years as many opera-tors are backed by institutional capital looking for high paced growth,” said Corey Hamabata, senior vice-president at JLL Hotels and Hospi-tality Group.

Weave Living bought a hotel building in Kai Tak, Kowloon in August for about HK$380 mil-lion ($66 million), which is very likely to be con-verted into a co-living project, according to CBRE. It will add to its current offerings at Prince Ed-ward, Hung Hom and Olympic.

Dash Living has also been active both with en-bloc conversions as well as partnerships with existing hotel operators. The facility in Mong Kok, the group’s 11th location in Hong Kong, offers 31 rooms measuring 214 to 384 sq ft.

Meanwhile, Chinachem Group intends to turn some of the 1,608 rooms at its Nina Hotel Tsuen Wan West in New Territories into co-living space, CEO Donald Choi said. Some 200 to 300 rooms across several floors will be converted from next year in the pilot programme, he added.

The local hotel industry has been in the dol-drums for more than two years, having been impacted by the social unrest in 2019 and the Covid-19 pandemic since last year. A prolonged border closure and stringent quarantine require-ments have kept tourists out of the city, denting recovery prospects.

While hotel occupancy rate has improved to about 70% in August from a low of about 30% during the outset of the pandemic in February- March last year, income has failed to catch up.

Revenue per available room, a key industry met-ric, is still about 40% to 50% of the takings in 2018 to 2019, according to JLL.

In comparison, some co-living operators have reported occupancy rates as high as more than 90% after property conversion, it added.

“Conversion of hotels to co-living offers an immediate opportunity to increase a property’s profitability, independent of the timeline of bor-der reopening and recovery in leisure travel,” said Julien Laloye, vice president at JLL Hotels & Hospitality Group in Asia Pacific.

The average occupancy rate of co-living operators stands at about 80%, according to CBRE. Peak occupancy was about 90% to 95% before the Covid-19 outbreak, while the trough was about 60% to 70%, the property consultancy said.

For co-living operators, the profit margin is likely to be around 65% to 75% because of the long-stay model, smaller overhead costs, and lim-ited services and food and drink facilities, JLL es-timated. In normal times, a typical three-star hotel might generate 55% to 65% in operating margin.

There were 306 hotels in Hong Kong, provid-ing about 84,900 rooms as of May 2020, accord-ing to government data. About one-third of them have the potential to be converted into co-living use, CBRE said.

“With the stabilised Covid situation and the expectation of border opening, the average occu-pancy rate in the coming 12 months could return to 85% to 90%,” said Reeves Yan, executive di-rector and head of capital markets at CBRE Hong Kong. — South China Morning Post E

More Hong Kong hotels turned into co-living space to lift occupancy, profits

EDMOND SO/SOUTH CHINA MORNING POST

The interior of co-living space at Oootopia Kai Tak in To Kwa Wan

EDGEPROP | NOVEMBER 1, 2021 • EP11

GAINS AND LOSSES

Source: URA, EdgeProp SingaporeNote: 1. Computed based on URA caveat data as at Oct 26 for private non-landed houses transacted between Oct 12 and 19. 2. The profit and loss computation excludes transaction costs such as stamp duties

Top 15 gains and losses from Oct 12 to 19

Non-profitable deals PROJECT DISTRICT AREA

(SQ FT)SOLD ON

(2021)SALE PRICE

($ PSF)BOUGHT ON PURCHASE PRICE

($ PSF)LOSS ($) LOSS (%) ANNUALISED

LOSS (%)HOLDING PERIOD

(YEARS)

1 THE ORANGE GROVE 10 2,153 Oct 13 2,137 Jan 28, 2011 2,284 316,500 6 0.6 10.72 SPOTTISWOODE 18 2 1,076 Oct 12 1,903 Mar 30, 2011 2,141 257,000 11 1.1 10.53 GRANDEUR PARK RESIDENCES 16 560 Oct 12 1,351 Aug 17, 2021 1,610 145,000 16 68.1 0.24 JARDIN 21 1,690 Oct 12 1,775 Aug 30, 2010 1,848 122,200 4 0.4 11.15 VACANZA @ EAST 14 560 Oct 15 1,308 Apr 1, 2014 1,497 106,000 13 1.8 7.56 HILLSTA 23 861 Oct 18 1,103 Oct 9, 2012 1,198 81,900 8 0.9 9.07 LEONIE SUITES 9 936 Oct 18 1,709 May 24, 2011 1,773 60,000 4 0.4 10.48 EUHABITAT 14 560 Oct 18 1,238 Dec 6, 2011 1,340 57,126 8 0.8 9.99 TRILIVE 19 904 Oct 15 1,604 Jun 28, 2017 1,666 56,000 4 0.9 4.310 PRESTO@UPPER SERANGOON 19 861 Oct 18 1,045 May 23, 2012 1,083 32,400 3 0.4 9.411 CASPIAN 22 872 Oct 13 1,147 Oct 17, 2012 1,181 30,000 3 0.3 9.012 SUITES @ TOPAZ 12 667 Oct 14 1,124 Aug 18, 2010 1,164 26,816 3 0.3 11.213 STRATUM 18 474 Oct 18 1,182 Dec 18, 2013 1,218 17,000 3 0.4 7.814 THE TENNERY 23 614 Oct 14 1,214 Jan 13, 2011 1,241 16,359 2 0.2 10.815 HILLSTA 23 861 Oct 15 1,064 Apr 27, 2012 1,078 12,671 1.4 0.1 9.5

Most profitable deals PROJECT DISTRICT AREA

( SQ FT)SOLD ON

(2021)SALE PRICE

($ PSF)BOUGHT ON PURCHASE PRICE

($ PSF)PROFIT ($) PROFIT (%) ANNUALISED

PROFIT (%)HOLDING PERIOD

(YEARS)

1 THE RITZ-CARLTON RESIDENCES SINGAPORE, CAIRNHILL

9 3,057 Oct 15 4,907 Jan 2, 2018 3,755 3,520,000 31 7.3 3.8

2 FOUR SEASONS PARK 10 2,874 Oct 14 3,062 Nov 14, 2006 1,914 3,300,000 60 3.2 14.9

3 REGENCY PARK 10 3,175 Oct 19 2,016 Sep 7, 1999 992 3,250,000 103 3.3 22.14 THE SHELFORD 11 1,593 Oct 14 2,021 Jun 18, 2002 761 2,006,955 165 5.2 19.35 FERNWOOD TOWERS 15 1,636 Oct 12 1,589 Jul 14, 2006 501 1,780,000 217 7.9 15.36 THE TESSARINA 10 1,356 Oct 18 2,006 Dec 31, 2002 749 1,720,000 172 5.5 18.87 THE IMPERIAL 9 1,733 Oct 18 2,204 Oct 2, 2006 1,223 1,700,001 80 4.0 15.18 SOMMERVILLE PARK 10 1,302 Oct 12 1,843 Apr 1, 1995 842 1,303,474 119 3.0 26.69 SKY@ELEVEN 11 2,713 Oct 13 1,707 Apr 20, 2010 1,250 1,238,750 37 2.7 11.510 SERAYA VILLE 15 1,432 Oct 19 1,270 Oct 16, 2006 433 1,198,000 193 7.4 15.011 HAZEL PARK CONDOMINIUM 23 1,378 Oct 12 1,350 Dec 1, 1998 508 1,160,000 166 4.4 22.912 SYMPHONY HEIGHTS 21 1,668 Oct 13 1,370 Feb 16, 1996 682 1,147,000 101 2.8 25.713 PEBBLE BAY 15 1,894 Oct 12 1,700 Jul 13, 2007 1,188 970,000 43 2.5 14.314 THE GARDENS AT BISHAN 20 1,206 Oct 13 1,367 Jan 25, 2002 563 969,520 143 4.6 19.715 GLENDALE PARK 23 1,216 Oct 14 1,455 Jul 20, 2007 674 950,000 115.9 5.5 14.2

BY TIMOTHY [email protected]

The sale of a 3,057 sq ft, four-bedroom unit at the luxury Ritz-Carlton Resi-dences was the most profitable resale transaction over the week of Oct 12 to 19. The 31st-floor unit was sold for

$15 million ($4,907 psf) on Oct 15. The unit had been bought for $11.48 million ($3,755 psf) in January 2018. As a result, the owner earned a profit of $3.52 million (31%), which translates to an annualised profit of 7.3% over nearly four years.

The recent transaction marks the high-est psf price achieved by a resale unit at the luxury condo. On Aug 13, another 3,057 sq ft, four-bedder on the 30th floor was sold for $14 million ($4,580 psf).

There have been six resale transactions at the Ritz-Carlton Residences so far this year. Another 3,057 sq ft unit was sold for $13.2 million ($4,318 psf) on Jan 14. However, no matching caveats were found for the other five transactions.

The Ritz-Carlton Residences was developed by KOP Properties and the freehold project was completed in 2011. The Ritz-Carlton Ho-tel provides services to residents in the condo which include housekeeping, laundry, limou-sine, catering and event management.

The second top gain of the week was for a 2,874 sq ft unit at Four Seasons Park. The four-bedroom unit was sold for $8.8 million

($3,062 psf) on Oct 14, after it had been pur-chased for $5.5 million ($1,914 psf) in Novem-ber 2006. Thus, the seller earned a profit of $3.3 million (60%), which translates to an an-nualised profit of 3.2% over close to 15 years.

This makes it the second most profitable resale transaction at the freehold condo so far this year. The top gain was from the sale

of another 2,874 sq ft unit, for $9.5 million ($3,306 psf), on Sept 22. The unit had been bought for $5.56 million ($1,935 psf) in Janu-ary 1997. As a result, the seller earned a prof-it of $3.94 million (70%), which translates to an annualised profit of 2.1% over 24 years.

Four Seasons Park is a luxury condo which was completed in 1994. The 202-unit deve-

lopment is on Cuscaden Walk in prime Dis-trict 10. It is centrally located and is close to the Orchard Road shopping belt, the Ameri-can Club and Tanglin Club.

On the other hand, the most unprofitable resale transaction during the week in review was that of a 2,153 sq ft, three-bedroom unit at The Orange Grove. The unit fetched $4.6 million ($2,137 psf) on Oct 13, after it had been bought for $4.92 million ($2,284 psf) in January 2011. Thus, the seller made a loss of about $316,500 (6%), or an annualised loss of 0.6% over almost 11 years.

There have been six resale transactions at The Orange Grove so far this year, and all of them have resulted in unprofitable deals for the sellers. Losses range from $305,600 to $2.9 million.

The most unprofitable resale transaction at the freehold condo was that of a 4,047 sq ft penthouse unit on the 12th floor. The unit was sold for $7.75 million ($1,915 psf) on April 6 this year, but had been bought for $11 million ($2,726 psf) in June 2011. Thus, the seller made a loss of $3.28 million (27%), or an annualised loss of 3.1% over 10 years.

The Orange Grove is a luxury condo at Or-ange Grove Road in prime District 10. The free-hold condo was developed by Ho Bee Land and was completed in 2010. The 72-unit pro-ject consists of a 12-storey block with three- and four-bedroom units of 2,153 to 3,488 sq ft, as well as four penthouses of 3,972 to 4,047 sq ft. E

Four-bedder at Ritz-Carlton Residences reaps $3.5 mil profit

SAMUEL ISAAC CHUA/THE EDGE SINGAPORE THE EDGE SINGAPORE

The unit at the Ritz-Carlton Residences was sold for $15 million or $4,907 psf on Oct 15, marking the highest psf price for a resale unit there

The seller of a 2,153 sq ft, three-bedroom unit at The Orange Grove made a loss of about $316,500 on Oct 13

EP12 • EDGEPROP | NOVEMBER 1, 2021

BY CHARLENE [email protected]

A three-storey detached home along Oakwood Grove, off Woodlands Avenue 1, will be put up for owner auction on Nov 16 at a guide price of $4.4 million ($591 psf), says Joy

Tan, senior director, head of auction and sales at Edmund Tie, which is handling the auction.

The property is located on a land of 7,433 sq ft, with a built-up area of about 6,062 sq ft. The house was completed around 1999–2000, says Tan, and the “only major renovation was done when the owner bought the unit”. Since then, minor repairs have been done, in between tenancies.

Overall, it is generally in a “well-kept con-dition”, she notes.

The home comprises six bedrooms and an additional guest room, all with en-suite bath-rooms. There is also a utility room, as well as storerooms on all levels.

The land is currently zoned for three-storey mixed landed use, which means that “future developers may choose to sub-divide it into a pair of semi-detached houses”, says Tan.

The living room has a double-volume ceil-ing height of 8.8m, and there is a split-level dining area which overlooks the swimming pool. The car porch can fit two to three cars.

The owner is using the property as one of his investment properties for rental purposes and has decided to sell it as he believes it is now “the right time” to move on with the in-vestment, she says.

The unit is currently tenanted out to a fam-ily till December and the new owner can ne-gotiate for an extension of their tenancy or purchase it with vacant possession after De-cember, adds Tan.

Given the property’s close proximity to a number of key amenities, “rental is healthy in this landed estate”, she notes. These include educational institutions like Singapore Amer-ican School, Republic Polytechnic and Singa-pore Sports School.

The property is also a short drive away to malls like Causeway Point, Marsiling Mall, Woodlands Civic Centre and Vista Point. It is a 15-minute walk to Marsiling MRT Station on the North-South Line.

Another draw factor to the location is the Singapore government’s plans for the Wood-

lands enclave, envisioning Woodlands Re-gional Centre to be the largest economic hub in the city-state’s North region. The hub will span over 100 ha of land, housing spaces for business, industry, research and development, and learning and innovation.

Tan believes this will bring more Grade-A offices to the area, thereby contributing to greater rental opportunities in the area.

So far, properties within the vicinity have been able to fetch rents ranging from $7,000 to $11,000 per month in 2021, based on trans-

actions lodged with URA. “Typically, landed units attract owner oc-

cupiers as landlord-hopefuls might steer to-wards buying a condominium for rental pur-poses, given its more bite-sized quantum,” she adds. E

Detached home along Oakwood Grove on the market for $4.4 mil

PICTURES: EDMUND TIE

The property is located on a land of 7,433 sq ft, with a built-up area of about 6,062 sq ft

UNDER THE HAMMER

There is a split-level dining area which overlooks the swimming poolThe living room has a double-volume ceiling height of 8.8m

EDGEPROP SINGAPORE; URA

Rental transactions of properties along Oakwood Grove in 2021