DoneDeals
THEEDGE SINGAPORE | MARCH 30, 2009 •
Done Deals
THEEDGE SINGAPORE | March 30, 2009 • 1
The Edge Singapore Property Transaction Tracker
The Cosmopolitan settles at $1,200 psf pian mass-market condominium in Jurong and mid-end Alexis on Alexandra Road in the primary-home-sales market. In the secondary market, the Kim Seng Road area is looking interesting with three The 228-unit The Cosmopolitan by Wheelock Properties were completed late last year.
Gwyneth Yeo
B
ased on caveats lodged with the URA Realis website in the first two weeks of March, the frontrunners in terms of transactions are clearly Frasers Centrepoint’s. The Cas-
new condo developments — the 228-unit The Cosmopolitanby Wheelock Properties, which was completed last year, and two other condo projects (The Trillium and Tribeca) where construction is well underway. In the first two weeks of March, there were three caveats for The Cosmopolitan with units changing hands at prices ranging from $1,193 psf to $1,280 psf. “It looks like sellers are more realistic in their pricing,” says Steven Ming, director of investment sales at Savills Singapore. The new price level in the area seems to have settled at the $1,200 psf level. Further down Kim Seng Road is City Developments Ltd’s Tribeca, located next door to the Grand Waterfront Copthorne Hotel. A 517 sq ft unit changed hands in the sub-sale market for $620,000 or $1,200 psf, according to a March 9 caveat. Prices have been softening in line with the rest of the high-end market. In January, caveats were lodged for four apartments at The Cosmopolitan at $1,230 psf to $1,310 psf, with one done at $1,150 psf. In October last year, there were a total of seven caveats lodged for the luxury condo: four at $1,500 psf to $1,550 psf, one at $1,420 psf and another at the end of the month at $1,284 psf. The property was soft-launched in late 2005 with prices in the $950 psf to $1,000 psf range. Prices in the condo started to move up steadily and reached their peak in 2Q to 3Q2007 when 15 units changed hands in the sub-sale market at $2,000 psf and above. In 1Q2008, units were still changing hands at prices in the $1,900 psf to $1,950 psf range, according to URA Realis. E
• THEEDGE SINGAPORE | MARCH 30, 2009
Done Deals
Apartment and condo transactions with contract dates from March 1 to 13
Project Contract Floor Area Transacted Unit Price Completion Type of Date Tenure (sq ft) Price ($) ($ psf) Date Sale District 1 THE SAIL @ MARINA BAY 6-Mar-09 99 years 904.176 1,100,000 1,217 2008 Sub Sale THE SAIL @ MARINA BAY 3-Mar-09 99 years 592.02 700,000 1,182 2008 Sub Sale District 2 THE BEACON 12-Mar-09 99 years 1108.692 810,000 731 2008 Sub Sale CRAIG PLACE 10-Mar-09 99 years 559.728 562,000 1,004 2000 Resale THE BEACON 9-Mar-09 99 years 1485.432 1,070,000 720 2008 Sub Sale District 3 ALEXIS 11-Mar-09 Freehold 613.548 678,000 1,105 Uncompleted New Sale ALEXIS 11-Mar-09 Freehold 387.504 446,000 1,151 Uncompleted New Sale ALEXIS 5-Mar-09 Freehold 398.268 458,000 1,150 Uncompleted New Sale ALEXIS 5-Mar-09 Freehold 764.244 673,000 881 Uncompleted New Sale ALEXIS 4-Mar-09 Freehold 387.504 452,000 1,166 Uncompleted New Sale EMERALD PARK 2-Mar-09 99 years 1173.276 720,000 614 1993 Resale District 4 CARIBBEAN AT KEPPEL BAY 9-Mar-09 99 years 893.412 900,000 1,007 2004 Resale THE COAST AT SENTOSA COVE 4-Mar-09 99 years 2023.632 2,631,200 1,300 Uncompleted Sub Sale District 5 VARSITY PARK CONDO 11-Mar-09 99 years 1313.208 870,000 662 2008 Resale VISTA PARK 11-Mar-09 99 years 968.76 530,000 547 1985 Resale THE INFINITI 9-Mar-09 Freehold 1345.5 820,000 609 2008 Sub Sale THE FOLIAGE 3-Mar-09 Freehold 1140.984 830,000 727 2008 Sub Sale District 8 CITYLIGHTS 12-Mar-09 99 years 721.188 645,000 894 2007 Resale CITY SQUARE RESIDENCES 10-Mar-09 Freehold 839.592 710,000 846 Uncompleted Sub Sale CITY SQUARE RESIDENCES 9-Mar-09 Freehold 871.884 770,000 883 Uncompleted Sub Sale CITY STUDIOS 6-Mar-09 Freehold 473.616 420,000 887 Uncompleted New Sale CITY STUDIOS 6-Mar-09 Freehold 602.784 545,000 904 Uncompleted New Sale JALAN BESAR PLAZA 6-Mar-09 Freehold 1593.072 460,000 289 1980 Resale CITY SQUARE RESIDENCES 6-Mar-09 Freehold 570.492 495,000 868 Uncompleted Sub Sale CITYLIGHTS 6-Mar-09 99 years 559.728 680,000 1,215 2007 Resale D’CAMBRIDGE 5-Mar-09 Freehold 731.952 598,000 817 2006 Resale CITY SQUARE RESIDENCES 4-Mar-09 Freehold 570.492 498,000 873 Uncompleted Sub Sale MERA SPRINGS 3-Mar-09 Freehold 1227.096 930,000 758 2008 Sub Sale CITY SQUARE RESIDENCES 3-Mar-09 Freehold 1237.86 1,052,300 850 Uncompleted Sub Sale District 9 THE SUITES AT CENTRAL 11-Mar-09 Freehold 1011.816 1,508,000 1,490 2009 Sub Sale THE COSMOPOLITAN 10-Mar-09 Freehold 1679.184 2,149,120 1,280 2008 Sub Sale ROBERTSON 100 10-Mar-09 Freehold 893.412 942,000 1,054 2004 Resale TRIBECA 9-Mar-09 Freehold 516.672 620,000 1,200 Uncompleted Sub Sale THE COSMOPOLITAN 9-Mar-09 Freehold 1323.972 1,580,000 1,193 2008 Sub Sale RIVERGATE 8-Mar-09 Freehold 1033.344 1,239,600 1,200 2009 Sub Sale THE COSMOPOLITAN 7-Mar-09 Freehold 1399.32 1,678,800 1,200 2008 Sub Sale THE SUITES AT CENTRAL 6-Mar-09 Freehold 818.064 1,145,200 1,400 2009 Sub Sale RIVERGATE 6-Mar-09 Freehold 1033.344 1,250,000 1,210 Uncompleted Sub Sale THE IMPERIAL 6-Mar-09 Freehold 1356.264 1,586,520 1,170 2006 Resale PATERSON RESIDENCE 5-Mar-09 Freehold 968.76 1,570,000 1,621 2008 Sub Sale CAIRNHILL PLAZA 5-Mar-09 Freehold 2820.168 2,360,000 837 1978 Resale NEWTON EDGE 2-Mar-09 Freehold 753.48 885,000 1,175 Uncompleted New Sale
Purchaser Address HDB HDB HDB Private HDB HDB HDB HDB HDB HDB Private Private Private Private HDB HDB Private Private HDB HDB HDB Private Private HDB Private HDB HDB HDB Private Private Private Private Private Private Private Private Private HDB Private Private Private HDB
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THEEDGE SINGAPORE | MARCH 30, 2009 •
Done Deals
Project Contract Date Tenure
Floor Area (sq ft)
Transacted Price ($)
Unit Price Completion Type of ($ psf) Date Sale
NEWTON EDGE 2-Mar-09 Freehold 753.48 875,000 1,161 Uncompleted New Sale NEWTON EDGE 2-Mar-09 Freehold 753.48 840,000 1,115 Uncompleted New Sale PACIFIC MANSION 2-Mar-09 Freehold 1356.264 1,050,000 774 Unknown Resale ASPEN HEIGHTS 2-Mar-09 999 years 1603.836 1,556,800 971 1998 Resale 8 @ MOUNT SOPHIA 2-Mar-09 103 years 1184.04 1,350,000 1,140 2007 Sub Sale ROBERTSON 100 1-Mar-09 Freehold 1033.344 960,000 929 2004 Resale District 10 VALLEY PARK 12-Mar-09 999 years 1216.332 1,050,000 863 1997 Resale BELMOND GREEN 11-Mar-09 Freehold 1054.872 1,150,000 1,090 2004 Resale THE CAPRI 9-Mar-09 Freehold 1539.252 1,278,000 830 1998 Resale THE SIXTH AVENUE RESIDENCES 9-Mar-09 Freehold 968.76 890,000 919 Uncompleted Sub Sale REGENCY PARK 9-Mar-09 Freehold 3175.38 3,180,000 1,001 1990 Resale ONE JERVOIS 5-Mar-09 Freehold 1453.14 1,525,650 1,050 Uncompleted Sub Sale VALLEY PARK 5-Mar-09 999 years 1700.712 1,610,000 947 1997 Resale JERVOIS GARDENS 5-Mar-09 Freehold 2120.508 1,565,000 738 1984 Resale SPRING GROVE 2-Mar-09 99 years 1388.556 1,300,000 936 1996 Resale VALLEY PARK 2-Mar-09 999 years 1356.264 1,150,000 848 1997 Resale TANGLIN PARK 1-Mar-09 Freehold 1334.736 1,500,000 1,124 1988 Resale District 11 WATTEN ESTATE CONDO 10-Mar-09 Freehold 1001.052 695,000 694 1983 Resale LUCIDA 10-Mar-09 Freehold 1065.636 1,172,600 1,100 Uncompleted New Sale THE TREVOSE 10-Mar-09 99 years 1323.972 1,150,000 869 2001 Resale AMARYLLIS VILLE 10-Mar-09 99 years 1237.86 1,210,000 977 2004 Resale MONTEBLEU 9-Mar-09 Freehold 1140.984 980,000 859 Uncompleted Sub Sale PARK INFINIA AT WEE NAM 6-Mar-09 Freehold 1001.052 1,103,000 1,102 2008 New Sale RESIDENCES @ EVELYN 4-Mar-09 Freehold 1108.692 1,239,000 1,118 2007 Resale NEWTON 18 2-Mar-09 Freehold 570.492 645,000 1,131 2002 Resale PARK INFINIA AT WEE NAM 1-Mar-09 Freehold 1001.052 1,201,200 1,200 2008 Sub Sale District 12 THE RICHMOND 6-Mar-09 Freehold 1237.86 630,000 509 1999 Resale THE CALLISTA 3-Mar-09 999 years 592.02 480,000 811 2005 Resale District 13 EURO-ASIA PARK 11-Mar-09 Freehold 2077.452 940,000 452 1996 Resale MACPHERSON GREEN 5-Mar-09 Freehold 2228.148 905,000 406 1983 Resale District 14 EUNOS MANSION 11-Mar-09 Freehold 1291.68 640,000 495 1982 Resale WINDY HEIGHTS 9-Mar-09 Freehold 2475.72 950,000 384 1983 Resale SIMSVILLE 5-Mar-09 99 years 979.524 580,000 592 1998 Resale District 15 SANCTUARY GREEN 13-Mar-09 99 years 1119.456 740,000 661 2003 Resale VERTIS 12-Mar-09 Freehold 667.368 560,000 839 2009 Sub Sale KOON SENG COURT 12-Mar-09 Freehold 1151.748 550,000 478 1989 Resale ONE AMBER 10-Mar-09 Freehold 957.996 814,300 850 Uncompleted Sub Sale BOWMONT CENTRE 9-Mar-09 Freehold 1883.7 910,000 483 Unknown Resale VILLA MARINA 9-Mar-09 99 years 1280.916 760,000 593 1999 Resale ONE AMBER 9-Mar-09 Freehold 1700.712 1,360,800 800 Uncompleted Sub Sale THE SOVEREIGN 6-Mar-09 Freehold 2637.18 2,700,000 1,024 1993 Resale COSTA RHU 6-Mar-09 99 years 2163.564 1,700,000 786 1997 Resale POSHGROVE EAST 6-Mar-09 Freehold 1227.096 1,042,950 850 2008 New Sale ONE AMBER 5-Mar-09 Freehold 1334.736 1,121,400 840 Uncompleted Sub Sale RICCHEZZA 4-Mar-09 Freehold 882.648 636,000 721 Uncompleted New Sale PALM GALLERIA 4-Mar-09 Freehold 1119.456 753,200 673 Uncompleted New Sale RIVEREDGE 3-Mar-09 99 years 1603.836 1,210,000 754 2008 Sub Sale THE ESTA 2-Mar-09 Freehold 1399.32 1,280,000 915 2008 Sub Sale District 16 TANAMERA CREST 12-Mar-09 99 years 1205.568 698,000 579 2004 Resale CASAFINA 12-Mar-09 99 years 1302.444 668,000 513 1999 Resale EAST MEADOWS 11-Mar-09 99 years 1356.264 800,000 590 2002 Resale COSTA DEL SOL 11-Mar-09 99 years 1754.532 1,385,000 789 2004 Resale THE SUMMIT 10-Mar-09 Freehold 1668.42 1,150,000 689 1992 Resale COSTA DEL SOL 10-Mar-09 99 years 1345.5 1,050,000 780 2003 Resale THE BAYSHORE 9-Mar-09 99 years 947.232 580,000 612 1996 Resale COSTA DEL SOL 6-Mar-09 99 years 1474.668 1,080,000 732 2004 Resale BLEU @ EAST COAST 3-Mar-09 Freehold 1173.276 862,155 735 2008 Sub Sale THE BAYSHORE 3-Mar-09 99 years 1431.612 930,000 650 1997 Resale BEDOK COURT 2-Mar-09 99 years 2411.136 923,000 383 1985 Resale District 17 FERRARIA PARK CONDO 6-Mar-09 Freehold 1087.164 650,000 598 Uncompleted Sub Sale
Purchaser Address HDB HDB Private Private HDB Private HDB HDB Private Private Private Private HDB Private HDB HDB HDB Private HDB Private Private HDB Private Private Private Private HDB HDB HDB HDB HDB HDB Private Private HDB Private HDB Private Private Private Private Private Private Private Private Private Private HDB HDB HDB HDB Private Private HDB HDB HDB HDB Private Private HDB
• THEEDGE SINGAPORE | MARCH 30, 2009
Done Deals
Apartment and condo transactions with contract dates from March 1 to 13
Project Contract Floor Area Transacted Unit Price Completion Type of Date Tenure (sq ft) Price ($) ($ psf) Date Sale District 18 MODENA 10-Mar-09 99 years 1410.084 770,000 546 2001 Resale ELIAS GREEN 4-Mar-09 99 years 1614.6 568,800 352 1994 Resale MELVILLE PARK 3-Mar-09 99 years 936.468 410,000 438 1996 Resale MELVILLE PARK 3-Mar-09 99 years 1356.264 545,000 402 1996 Resale TAMPINES COURT 2-Mar-09 101 years 1657.656 560,000 338 Unknown Resale District 19 CHILTERN PARK 13-Mar-09 99 years 1270.152 700,000 551 1995 Resale RIO VISTA 12-Mar-09 99 years 1377.792 745,000 541 2004 Resale COMPASS HEIGHTS 12-Mar-09 99 years 2787.876 1,000,000 359 2002 Resale THE QUARTZ 10-Mar-09 99 years 1044.108 598,500 573 Uncompleted New Sale RIVERVALE CREST 10-Mar-09 99 years 1162.512 575,000 495 2002 Resale JANSEN 28 9-Mar-09 99 years 1280.916 654,000 511 1999 Resale COMPASS HEIGHTS 6-Mar-09 99 years 1323.972 700,000 529 2002 Resale REGENTVILLE 6-Mar-09 99 years 1076.4 510,000 474 1999 Resale KOVAN LODGE 5-Mar-09 Freehold 2066.688 700,000 339 1984 Resale COMPASS HEIGHTS 3-Mar-09 99 years 667.368 435,000 652 2002 Resale EVANIA 3-Mar-09 Freehold 1345.5 868,000 645 Uncompleted New Sale THE QUARTZ 3-Mar-09 99 years 1130.22 658,800 583 Uncompleted New Sale THE QUARTZ 2-Mar-09 99 years 1420.848 935,000 658 Uncompleted New Sale SUNGLADE 2-Mar-09 99 years 1151.748 710,000 616 2003 Resale THE QUARTZ 2-Mar-09 99 years 1151.748 702,000 610 Uncompleted New Sale District 20 THE GARDENS AT BISHAN 11-Mar-09 99 years 882.648 585,000 663 2004 Resale BISHAN POINT 10-Mar-09 99 years 2486.484 1,230,000 495 2005 Resale BISHAN POINT 9-Mar-09 99 years 1485.432 790,000 532 2005 Resale THE GARDENS AT BISHAN 9-Mar-09 99 years 1517.724 800,010 527 2004 Resale BRADDELL VIEW 9-Mar-09 99 years 1453.14 650,000 447 1978 Resale BISHAN PARK CONDO 9-Mar-09 99 years 1517.724 740,000 488 1994 Resale GOLDENHILL PARK CONDO 5-Mar-09 Freehold 1334.736 1,080,000 809 2004 Resale THOMSON VIEW CONDO 3-Mar-09 99 years 3842.748 1,155,000 301 1986 Resale BISHAN PARK CONDO 2-Mar-09 99 years 1323.972 690,000 521 1994 Resale District 21 SIGNATURE PARK 10-Mar-09 Freehold 1420.848 900,000 633 1998 Resale THE STERLING 9-Mar-09 Freehold 1485.432 1,180,000 794 2000 Resale THE RAINTREE 9-Mar-09 99 years 1280.916 768,000 600 Unknown Resale BUKIT REGENCY 2-Mar-09 Freehold 1646.892 960,000 583 1995 Resale District 22 LAKESIDE APARTMENTS 12-Mar-09 99 years 1517.724 550,000 362 Unknown Resale THE CENTRIS 12-Mar-09 99 years 1237.86 755,000 610 Uncompleted Sub Sale THE LAKESHORE 12-Mar-09 99 years 1119.456 765,912 684 2008 Resale CASPIAN 12-Mar-09 99 years 1216.332 770,400 633 Uncompleted New Sale CASPIAN 12-Mar-09 99 years 1485.432 691,200 465 Uncompleted New Sale THE CENTRIS 11-Mar-09 99 years 2098.98 938,000 447 Uncompleted Sub Sale CASPIAN 10-Mar-09 99 years 1205.568 718,890 596 Uncompleted New Sale THE LAKESHORE 10-Mar-09 99 years 1184.04 851,560 719 2007 Resale CASPIAN 10-Mar-09 99 years 1388.556 824,910 594 Uncompleted New Sale CASPIAN 10-Mar-09 99 years 1216.332 747,720 615 Uncompleted New Sale CASPIAN 9-Mar-09 99 years 1001.052 647,280 647 Uncompleted New Sale CASPIAN 9-Mar-09 99 years 1011.816 628,200 621 Uncompleted New Sale
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Purchaser Address Private Private Private HDB Private HDB HDB Private HDB HDB HDB HDB HDB Private Private HDB HDB HDB Private Private Private Private HDB Private HDB HDB HDB Private HDB Private Private Private Private Private HDB HDB HDB Private HDB HDB Private HDB HDB HDB HDB
THEEDGE SINGAPORE | MARCH 30, 2009 •
Done Deals
Project Contract Date Tenure THE CENTRIS 9-Mar-09 99 years CASPIAN 9-Mar-09 99 years CASPIAN 9-Mar-09 99 years CASPIAN 9-Mar-09 99 years THE CENTRIS 9-Mar-09 99 years THE CENTRIS 9-Mar-09 99 years CASPIAN 9-Mar-09 99 years CASPIAN 9-Mar-09 99 years CASPIAN 9-Mar-09 99 years THE MAYFAIR 9-Mar-09 99 years CASPIAN 9-Mar-09 99 years CASPIAN 6-Mar-09 99 years CASPIAN 6-Mar-09 99 years CASPIAN 6-Mar-09 99 years THE LAKESHORE 6-Mar-09 99 years CASPIAN 6-Mar-09 99 years CASPIAN 6-Mar-09 99 years CASPIAN 6-Mar-09 99 years CASPIAN 6-Mar-09 99 years CASPIAN 6-Mar-09 99 years CASPIAN 6-Mar-09 99 years CASPIAN 6-Mar-09 99 years CASPIAN 6-Mar-09 99 years CASPIAN 6-Mar-09 99 years CASPIAN 5-Mar-09 99 years CASPIAN 5-Mar-09 99 years CASPIAN 5-Mar-09 99 years CASPIAN 5-Mar-09 99 years CASPIAN 5-Mar-09 99 years CASPIAN 5-Mar-09 99 years CASPIAN 5-Mar-09 99 years CASPIAN 5-Mar-09 99 years CASPIAN 5-Mar-09 99 years PARC OASIS 5-Mar-09 99 years THE CENTRIS 5-Mar-09 99 years CASPIAN 5-Mar-09 99 years PARC VISTA 5-Mar-09 99 years CASPIAN 5-Mar-09 99 years CASPIAN 5-Mar-09 99 years CASPIAN 5-Mar-09 99 years CASPIAN 5-Mar-09 99 years CASPIAN 5-Mar-09 99 years CASPIAN 5-Mar-09 99 years CASPIAN 5-Mar-09 99 years CASPIAN 5-Mar-09 99 years CASPIAN 4-Mar-09 99 years CASPIAN 4-Mar-09 99 years CASPIAN 4-Mar-09 99 years CASPIAN 4-Mar-09 99 years CASPIAN 4-Mar-09 99 years CASPIAN 4-Mar-09 99 years CASPIAN 4-Mar-09 99 years CASPIAN 4-Mar-09 99 years CASPIAN 4-Mar-09 99 years CASPIAN 4-Mar-09 99 years CASPIAN 4-Mar-09 99 years CASPIAN 4-Mar-09 99 years CASPIAN 4-Mar-09 99 years CASPIAN 4-Mar-09 99 years CASPIAN 4-Mar-09 99 years CASPIAN 4-Mar-09 99 years CASPIAN 4-Mar-09 99 years CASPIAN 4-Mar-09 99 years CASPIAN 4-Mar-09 99 years CASPIAN 4-Mar-09 99 years CASPIAN 4-Mar-09 99 years CASPIAN 4-Mar-09 99 years CASPIAN 4-Mar-09 99 years CASPIAN 4-Mar-09 99 years
Floor Area (sq ft) 1302.444 1280.916 1216.332 1237.86 893.412 936.468 1001.052 1399.32 936.468 1184.04 1216.332 871.884 1582.308 871.884 1140.984 893.412 1237.86 1280.916 1399.32 1603.836 1280.916 1528.488 1001.052 893.412 1194.804 1237.86 1237.86 936.468 1528.488 1001.052 1603.836 1237.86 1001.052 1227.096 1237.86 1205.568 1248.624 936.468 936.468 1194.804 1237.86 871.884 871.884 871.884 936.468 1194.804 462.852 871.884 936.468 1399.32 1001.052 1216.332 1399.32 1399.32 936.468 1194.804 1237.86 462.852 1603.836 1485.432 1140.984 1194.804 1205.568 1399.32 1205.568 1001.052 871.884 1216.332 1431.612
Transacted Price ($) 696,570 830,490 757,800 754,200 580,000 580,000 615,660 852,300 598,500 620,000 764,100 489,600 826,200 497,700 799,000 576,600 798,870 806,400 840,600 900,900 762,071 903,600 586,800 577,800 694,710 757,950 812,820 567,000 886,500 617,520 944,100 781,200 576,000 580,000 760,000 736,200 625,000 595,800 557,897 682,200 782,100 535,680 512,100 491,400 589,500 692,100 349,680 530,100 558,000 822,600 621,240 754,200 848,232 853,578 566,100 740,280 776,700 378,510 934,200 691,200 708,660 677,700 692,100 863,970 697,500 567,000 524,700 755,160 747,900
Unit Price Completion Type of ($ psf) Date Sale 535 Uncompleted Sub Sale 648 Uncompleted New Sale 623 Uncompleted New Sale 609 Uncompleted New Sale 649 Uncompleted Sub Sale 619 Uncompleted Sub Sale 615 Uncompleted New Sale 609 Uncompleted New Sale 639 Uncompleted New Sale 524 2000 Resale 628 Uncompleted New Sale 562 Uncompleted New Sale 522 Uncompleted New Sale 571 Uncompleted New Sale 700 2007 Resale 645 Uncompleted New Sale 645 Uncompleted New Sale 630 Uncompleted New Sale 601 Uncompleted New Sale 562 Uncompleted New Sale 595 Uncompleted New Sale 591 Uncompleted New Sale 586 Uncompleted New Sale 647 Uncompleted New Sale 581 Uncompleted New Sale 612 Uncompleted New Sale 657 Uncompleted New Sale 605 Uncompleted New Sale 580 Uncompleted New Sale 617 Uncompleted New Sale 589 Uncompleted New Sale 631 Uncompleted New Sale 575 Uncompleted New Sale 473 1994 Resale 614 Uncompleted Sub Sale 611 Uncompleted New Sale 501 1997 Resale 636 Uncompleted New Sale 596 Uncompleted New Sale 571 Uncompleted New Sale 632 Uncompleted New Sale 614 Uncompleted New Sale 587 Uncompleted New Sale 564 Uncompleted New Sale 629 Uncompleted New Sale 579 Uncompleted New Sale 755 Uncompleted New Sale 608 Uncompleted New Sale 596 Uncompleted New Sale 588 Uncompleted New Sale 621 Uncompleted New Sale 620 Uncompleted New Sale 606 Uncompleted New Sale 610 Uncompleted New Sale 605 Uncompleted New Sale 620 Uncompleted New Sale 627 Uncompleted New Sale 818 Uncompleted New Sale 582 Uncompleted New Sale 465 Uncompleted New Sale 621 Uncompleted New Sale 567 Uncompleted New Sale 574 Uncompleted New Sale 617 Uncompleted New Sale 579 Uncompleted New Sale 566 Uncompleted New Sale 602 Uncompleted New Sale 621 Uncompleted New Sale 522 Uncompleted New Sale
Purchaser Address Private HDB Private HDB HDB HDB HDB HDB HDB Private Private HDB Private HDB HDB Private HDB HDB HDB HDB Private HDB HDB HDB HDB Private HDB HDB HDB HDB Private HDB HDB HDB HDB HDB Private HDB HDB HDB HDB Private HDB HDB Private HDB HDB HDB HDB Private HDB Private Private Private HDB Private HDB HDB Private Private Private Private HDB HDB HDB HDB HDB HDB HDB
• THEEDGE SINGAPORE | MARCH 30, 2009
Done Deals
Apartment and condo transactions with contract dates from March 1 to 13
Project Contract Date Tenure
Floor Area (sq ft)
Transacted Price ($)
Unit Price Completion Type of ($ psf) Date Sale
CASPIAN 4-Mar-09 99 years 1237.86 769,500 622 Uncompleted New Sale CASPIAN 4-Mar-09 99 years 936.468 542,700 580 Uncompleted New Sale CASPIAN 4-Mar-09 99 years 1205.568 723,600 600 Uncompleted New Sale CASPIAN 4-Mar-09 99 years 1205.568 681,300 565 Uncompleted New Sale CASPIAN 4-Mar-09 99 years 1237.86 802,800 649 Uncompleted New Sale CASPIAN 3-Mar-09 99 years 462.852 356,190 770 Uncompleted New Sale CASPIAN 3-Mar-09 99 years 1399.32 862,110 616 Uncompleted New Sale CASPIAN 3-Mar-09 99 years 1194.804 696,600 583 Uncompleted New Sale CASPIAN 3-Mar-09 99 years 1194.804 743,070 622 Uncompleted New Sale CASPIAN 3-Mar-09 99 years 1237.86 783,990 633 Uncompleted New Sale CASPIAN 3-Mar-09 99 years 1001.052 596,700 596 Uncompleted New Sale CASPIAN 3-Mar-09 99 years 1205.568 706,500 586 Uncompleted New Sale CASPIAN 3-Mar-09 99 years 1453.14 808,200 556 Uncompleted New Sale CASPIAN 3-Mar-09 99 years 1001.052 583,110 582 Uncompleted New Sale CASPIAN 3-Mar-09 99 years 1205.568 734,700 609 Uncompleted New Sale CASPIAN 3-Mar-09 99 years 871.884 506,700 581 Uncompleted New Sale CASPIAN 3-Mar-09 99 years 1485.432 799,200 538 Uncompleted New Sale CASPIAN 3-Mar-09 99 years 1237.86 764,100 617 Uncompleted New Sale CASPIAN 3-Mar-09 99 years 936.468 550,638 588 Uncompleted New Sale CASPIAN 3-Mar-09 99 years 1194.804 677,700 567 Uncompleted New Sale CASPIAN 3-Mar-09 99 years 1399.32 876,600 626 Uncompleted New Sale CASPIAN 3-Mar-09 99 years 1237.86 796,500 643 Uncompleted New Sale CASPIAN 3-Mar-09 99 years 1453.14 869,550 598 Uncompleted New Sale CASPIAN 3-Mar-09 99 years 871.884 487,800 559 Uncompleted New Sale CASPIAN 3-Mar-09 99 years 1205.568 717,300 595 Uncompleted New Sale CASPIAN 3-Mar-09 99 years 871.884 569,160 653 Uncompleted New Sale CASPIAN 3-Mar-09 99 years 1001.052 576,600 576 Uncompleted New Sale CASPIAN 3-Mar-09 99 years 1001.052 582,300 582 Uncompleted New Sale CASPIAN 3-Mar-09 99 years 1001.052 576,000 575 Uncompleted New Sale CASPIAN 3-Mar-09 99 years 1237.86 787,500 636 Uncompleted New Sale CASPIAN 3-Mar-09 99 years 1399.32 848,700 607 Uncompleted New Sale CASPIAN 3-Mar-09 99 years 462.852 372,600 805 Uncompleted New Sale CASPIAN 3-Mar-09 99 years 1001.052 561,600 561 Uncompleted New Sale CASPIAN 3-Mar-09 99 years 1194.804 688,200 576 Uncompleted New Sale CASPIAN 3-Mar-09 99 years 1194.804 675,900 566 Uncompleted New Sale CASPIAN 3-Mar-09 99 years 1001.052 570,600 570 Uncompleted New Sale CASPIAN 3-Mar-09 99 years 1237.86 759,600 614 Uncompleted New Sale CASPIAN 3-Mar-09 99 years 936.468 564,300 603 Uncompleted New Sale THE LAKESHORE 3-Mar-09 99 years 1108.692 820,000 740 2008 Resale CASPIAN 3-Mar-09 99 years 871.884 538,470 618 Uncompleted New Sale CASPIAN 3-Mar-09 99 years 1194.804 725,400 607 Uncompleted New Sale CASPIAN 3-Mar-09 99 years 871.884 495,000 568 Uncompleted New Sale CASPIAN 3-Mar-09 99 years 936.468 547,965 585 Uncompleted New Sale CASPIAN 2-Mar-09 99 years 1237.86 793,881 641 Uncompleted New Sale CASPIAN 2-Mar-09 99 years 1528.488 901,800 590 Uncompleted New Sale CASPIAN 2-Mar-09 99 years 871.884 532,890 611 Uncompleted New Sale CASPIAN 2-Mar-09 99 years 1237.86 782,100 632 Uncompleted New Sale CASPIAN 2-Mar-09 99 years 1388.556 775,800 559 Uncompleted New Sale CASPIAN 2-Mar-09 99 years 1194.804 674,100 564 Uncompleted New Sale PARC OASIS 2-Mar-09 99 years 1506.96 770,000 511 1994 Resale CASPIAN 2-Mar-09 99 years 871.884 515,700 591 Uncompleted New Sale CASPIAN 2-Mar-09 99 years 1205.568 692,100 574 Uncompleted New Sale CASPIAN 2-Mar-09 99 years 1237.86 755,100 610 Uncompleted New Sale CASPIAN 2-Mar-09 99 years 462.852 372,600 805 Uncompleted New Sale CASPIAN 2-Mar-09 99 years 871.884 523,879 601 Uncompleted New Sale CASPIAN 2-Mar-09 99 years 1001.052 586,486 586 Uncompleted New Sale CASPIAN 2-Mar-09 99 years 1001.052 603,000 602 Uncompleted New Sale CASPIAN 2-Mar-09 99 years 871.884 532,890 611 Uncompleted New Sale CASPIAN 2-Mar-09 99 years 1237.86 816,540 660 Uncompleted New Sale CASPIAN 2-Mar-09 99 years 871.884 518,400 595 Uncompleted New Sale CASPIAN 2-Mar-09 99 years 462.852 363,630 786 Uncompleted New Sale CASPIAN 2-Mar-09 99 years 936.468 540,900 578 Uncompleted New Sale CASPIAN 2-Mar-09 99 years 1237.86 773,100 625 Uncompleted New Sale CASPIAN 2-Mar-09 99 years 936.468 570,600 609 Uncompleted New Sale CASPIAN 2-Mar-09 99 years 1571.544 797,400 507 Uncompleted New Sale CASPIAN 2-Mar-09 99 years 1237.86 766,800 619 Uncompleted New Sale THE CENTRIS 2-Mar-09 99 years 1291.68 758,000 587 Uncompleted Sub Sale District 23 PALM GARDENS 13-Mar-09 99 years 1216.332 588,000 483 2000 Resale CASHEW HEIGHTS CONDO 11-Mar-09 999 years 1657.656 800,000 483 1992 Resale
Purchaser Address Private Private HDB HDB HDB HDB HDB HDB HDB HDB Private HDB HDB HDB HDB HDB HDB Private Private HDB HDB HDB Private HDB HDB HDB Private Private HDB HDB Private HDB HDB HDB HDB HDB Private Private Private HDB Private HDB Private HDB Private HDB HDB HDB HDB HDB HDB HDB HDB Private HDB HDB HDB HDB Private HDB HDB Private HDB HDB HDB HDB HDB HDB Private
THEEDGE SINGAPORE | MARCH 30, 2009 •
Done Deals
Project Contract Date Tenure
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in,
Floor Area (sq ft)
Transacted Price ($)
THEEDGE SINGAPORE | MARCH 30, 2009 • OP11
Unit Price Completion Type of ($ psf) Date Sale
Purchaser Address
REGENT HEIGHTS 10-Mar-09 99 years 1173.276 580,000 494 1999 Resale HDB MAYSPRINGS 10-Mar-09 99 years 807.3 480,000 595 1998 Resale HDB CASHEW HEIGHTS CONDO 10-Mar-09 999 years 1657.656 880,000 1992 makes it pect Resale Private as of your responsibility owner,531 and that’s what owner. Artlogica’s foundworth530 restoring,” Kant HILLVIEW PARK 9-Mar-09 Freehold 1227.096 650,000 1995 says, ex- an artResale Private plaining the myriad reasons that er-managing partner, Tan Teng THE MADEIRA 9-Mar-09 99 years 1356.264 750,000 553 2003 Resale HDB clients — from public and com- Teng, spells out more logistical HAZEL PARK CONDO 6-Mar-09 999 years 1205.568 645,000 535 2000 Resale to consider. HDB Says Tan, mercial institutes who need their details also have to bear museum-quality work THE WARREN 6-Mar-09 99 years 1065.636 556,500 522 2004 restored, “You’ll Resale HDBin mind to private-gallery and individual fine art insurance, which differs PHOENIX HEIGHTS 6-Mar-09 99 years 1334.736 455,000 341 owners — 1980 Private ingeneral home contents artwork come to Re- from Resale CENTURY MANSIONS 6-Mar-09 Freehold 914.94 499,000 545 Asia. 1998 Resale Private surance. For that, you’d need a nate Kant by an expertHDB to assess On 305 the second floor is the pa- critique NORTHVALE 5-Mar-09 99 years 2723.292 830,000 1998 Resale per conservation space, where the condition of your artwork, HAZEL PARK CONDO 4-Mar-09 999 years 1334.736 740,000 554 scrolls, 2000 Resale the insurers Private can tag a Peranakan documents, before REGENT HEIGHTS 3-Mar-09 99 years 1173.276 550,000 469 ink paintings 1999 HDB to it.” Chinese and other valueResale Tan, who handles artwork bepaper-based wait for the NORTHVALE 3-Mar-09 99 years 1356.264 638,000 470 artworks1998 Resale HDB finer dirt-vacuuming and stain- longing to commercial and pubHILLBROOKS 3-Mar-09 Freehold 1506.96 740,000 491 1999 Resale Private restoration work to restore them lic institutions, private galleries HILLVIEW PARK 2-Mar-09 Freehold 1248.624 638,000 511 1995 Resale Private and art owners, believes that art to their former glory. “When The588 art world is2002 highly spe- insurance HILLVIEW 128 2-Mar-09 999 years 968.76 570,000 Resale is important. Private cialised, with divisions aplenty. something happens, you have District 25 So, while conservators like Kant to think about whether it is reCASABLANCA 13-Mar-09 99 years 925.704 490,000 529 in authentication 2005 work placeable,” Resale she says. HDB “At least if do engage you could stillHDB be glad to (to find the work it’s not, CASABLANCA 9-Mar-09 99 years 1184.04 636,000 537 out whether 2005 Resale had been copied), judgement and be compensated, and when you CASABLANCA 3-Mar-09 99 years 1108.692 600,000 541 2005 Resale HDB This piece of damaged artwork (left) is as good as new after repair and restoration subjectivity are reserved. When have a fairly large collection, then District 26 a painting is found to be a copy, there are other issues to look at, however, there are many other 11-Mar-09 by day or night, and away from paint. Kant sighs, saying: “This they could CASTLE GREEN 99 years 1173.276 613,000 522 still restore 1997 the work like 24-hour Resale surveillance HDBof your preventive measures an art lover sunlit spots. Once you have done was a complete deconstruction if the buyer deems it charming artwork, which will lower your FOREST HILLS CONDO 10-Mar-09 99 years 1162.512 570,000 490 2003 Resale HDB can take between bidding for that your best to minimise the risks, work for us that took two to three enough. Valuations remain strict- insurance risk.” THOMSON 2895.516 1,500,000 1984 experts Resale is another Private painting andGROVE having it on the wall. 9-Mar-09 however, you shouldFreehold leave the rest months to complete.” Storage important ly the 518 purview of market Kant says, “Move your artworks 6-Mar-09 to the experts. On the wide table, a568,000 small oil like auction issueResale for the seriousPrivate collector, though. FOREST HILLS CONDO 99 years 1162.512 489 houses,2003 minimally; make sure it is strucHighly trained and experi- work of a Paris street scene had Kant also advises entrusting as are maintenance and placing SEASONS PARK 4-Mar-09 99 years 1248.624 655,000 525 1997 Resale Private turally sound, with a fine stretched enced, they know only too well recently arrived. About 50 years your visual beauties only to the your art pieces in a non-air-condiDistrict base and27 proper frame; get han- the damage that people can in- old, it is an heirloom belonging to deserving. “Don’t be shy about tioned environment. Simply put, dlers to don white gloves when 6-Mar-09 flict on their art. On owner who had wanted asking448 to for the credentials YISHUN SAPPHIRE 99 the years ground a private 1205.568 540,000 2001 of con- pay special Resale care and attention HDB handling the paintings; and don’t floor of the studio, where Su- it restored to its full-colour glory servators and other art experts; your asset. Says Tan, “Treat your ORCHID PARK CONDO 4-Mar-09 99 years 1205.568 555,000 460 1994 Resale HDB clean the painting yourself.” sanne Traub, another German- — without rolled-up cracks and it’s all right to ask for referenc- art properly; how you collect is District 28 Understandably, these rules trained oil conservator, works, with nuances intact — because es,” she says. a reflection of who you are, just E cannot always be adhered a portrait of pioneer it had belonged to her mother. like housekeeping.” SELETAR SPRINGS CONDO to, nor 5-Mar-09 99philanthroyears 1582.308 783,000 495 2000 Resale HDB can the conditions for display al- pist Tan Kim Seng stands proud- “Sometimes, the value of the Artistic dealings ways be ideal. It is not always easy ly. The work, which will soon be work is not inherent. You could Who knew that buying art could Lisa Marie Tan spins lifestyle and DISCLAIMER: to Source: find a URA spotRealis. far from humidity, innot anbeart gallery, for had sayorthis [piece] is just tourist art, from luxury stories into tales worth be so Getting The Edge Publishingdisplayed Pte Ltd shall responsible any loss liability arising directly or indirectly thecomplicated? use of, or reliance on, the the information provided herein. with little temperature variation been subjected to drastic over- but it is of emotional value to the conservators in is only one as- telling
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