DoneDeals
THEEDGE SINGAPORE | APRIL 13, 2009 •
Done Deals
THEEDGE SINGAPORE | APRIL 13, 2009 • 1
Gwyneth Yeo
The Edge Singapore Property Transaction Tracker
The 427-unit One-North Residences is expected to be completed in the coming months
Flurry of activity as One-North Residences nears TOP
T
he 427-unit One-North Residences, jointly developed by UOL Group, privately held sister company Kheng Leong and construction group, Low Kheng Huat, will be getting its temporary occupation permit (TOP) in the comingmonths. Typical of most projects that are close to completion, transactions here have spiked up.The 99-year leasehold project was launched in March 2007, when the market was still red hot. As the first residential project to be launched within One-North, a master planned development with worklive-play components located near Buona Vista, it naturally set a new price benchmark for the area. Two years ago, units were sold at an average price of $900 psf, with a number of units crossing the $1,000 psf mark, hitting a high of $1,238 psf. As at Dec 31, 2008, UOL reported that 99.3% of the units had been snapped up.
According to caveats lodged with URA Realis (see table), three units ranging from 980 to 1,109 sq ft changed hands in the subsale market at $800,000 to $950,000. One owner of a 14th floor unit sold his 1,001 sq ft apartment for $860,256 or $859 psf in March. He had purchased the unit from the developer in December last year for $780,780 ($780 psf), hence making a handsome 10% gain in just a few months. A seventh floor, 980 sq ft unit changed hands in the subsale market for $800,000 or $817 psf, which was 17.4% below the $969,052 (89 psf) paid by the seller in April 2007. The third deal, a 1,001 sq ft ninth floor unit, changed hands in a subsale at $950,000 or $857 psf, slightly above the original purchase price of the seller of $915,098 or $825 psf. Meanwhile, three neighbouring apartments on the fourth floor of the second block were put up for auction sale by Knight Frank on behalf of an owner in late February. Based
on caveats lodged for the units, the owner had purchased all three studio apartments, from 570 to 614 sq ft, at $647,235 to $675,830. The purchase prices translate to an average of $1,055 to $1,159 psf. The opening prices for the three units at the auction were from $580,000 to $620,000. According to market sources, buyers were looking at prices closer to the $500,000 to $550,000 price range. Rather than selling, the owner can lease the apartments when the project is completed, says Mary Sai, director of auction at Knight Frank. The market rent for studio apartments in the area is hovering around $2,500 a month, and based on the purchase price, rental yield works out to around 4.4% to 4.5%, she says. Given the location, which is within walking distance of two MRT stations — One-North and Buona Vista — potential tenants are those working in One-North, Science Parks, National University Hospital and the National University of Singapore, she says. E
• THEEDGE SINGAPORE | APRIL 13, 2009
Done Deals
Apartment and condo transactions with contract dates from April 13 to 26
Project Property Contract Tenure Floor Area Transacted Unit Price Completion Type of Type Date (sq ft) Price ($) ($ psf) Date Sale District 1 MARINA BAY RESIDENCES Condominium 99 years 3/16/09 1959 3330300 1700 Uncompleted Sub Sale THE SAIL @ MARINA BAY Apartment 99 years 3/13/09 667 812406 1217 2008 Sub Sale District 3 DOMAIN 21 Condominium 99 years 3/24/09 560 520000 929 2007 Resale THE METROPOLITAN CONDO Condominium 99 years 3/23/09 786 680000 865 Uncompleted Sub Sale THE ANCHORAGE Condominium Freehold 3/23/09 883 730000 827 1997 Resale TWIN REGENCY Condominium Freehold 3/23/09 1216 1000000 822 2007 Resale THE ANCHORAGE Condominium Freehold 3/17/09 1830 1380000 754 1997 Resale CENTRAL GREEN CONDO Condominium 99 years 3/13/09 1292 895000 693 1995 Resale District 4 THE COAST AT Condominium 99 years 3/24/09 2497 3370950 1350 Uncompleted Sub Sale SENTOSA COVE CARIBBEAN AT KEPPEL BAY Condominium 99 years 3/16/09 1270 1000000 787 2004 Resale District 5 THE PARC CONDO Condominium Freehold 3/26/09 1302 911400 700 Uncompleted Sub Sale BLUE HORIZON Condominium 99 years 3/26/09 1152 738000 641 2005 Resale CARABELLE Condominium 956 years 3/24/09 883 650000 736 Uncompleted Sub Sale CLEMENTIWOODS CONDO Condominium 99 years 3/23/09 1819 1020000 561 Uncompleted Sub Sale WESTSIDE 33 Terrace House Freehold 3/20/09 2583 1215000 470 2006 Resale ONE-NORTH RESIDENCES Apartment 99 years 3/20/09 1001 860256 859 Uncompleted Sub Sale THE STELLAR Condominium Freehold 3/19/09 1485 970000 653 2008 Sub Sale ONE-NORTH RESIDENCES Apartment 99 years 3/17/09 980 800000 817 Uncompleted Sub Sale WEST BAY CONDO Condominium 99 years 3/17/09 1216 610000 502 1993 Resale THE PARC CONDO Condominium Freehold 3/16/09 980 708000 723 Uncompleted Sub Sale DOVER PARKVIEW Condominium 99 years 3/16/09 1249 840000 673 1997 Resale BLUE HORIZON Condominium 99 years 3/16/09 1163 738000 635 2005 Resale CARABELLE Condominium 956 years 3/16/09 1399 951320 680 Uncompleted Sub Sale THE INFINITI Condominium Freehold 3/16/09 1270 778888 613 2008 Sub Sale ONE-NORTH RESIDENCES Apartment 99 years 3/16/09 1109 950000 857 Uncompleted Sub Sale PARK WEST Condominium 99 years 3/13/09 1249 620000 497 1985 Resale HERITAGE VIEW Condominium 99 years 3/13/09 1195 768000 643 2000 Resale BOTANNIA Condominium 956 years 3/13/09 1076 720000 669 Uncompleted Sub Sale District 8 CITY SQUARE RESIDENCES Condominium Freehold 3/24/09 1238 940000 759 Uncompleted Sub Sale CITY SQUARE RESIDENCES Condominium Freehold 3/23/09 1518 1200000 791 Uncompleted Sub Sale CITYLIGHTS Condominium 99 years 3/20/09 678 600000 885 2007 Resale CITY SQUARE RESIDENCES Condominium Freehold 3/19/09 1216 930000 765 Uncompleted Sub Sale CITY SQUARE RESIDENCES Condominium Freehold 3/19/09 1206 900000 747 Uncompleted Sub Sale TYRWHITT 139 Apartment Freehold 3/18/09 398 387000 972 Uncompleted Sub Sale CITY STUDIOS Apartment Freehold 3/18/09 474 399000 842 Uncompleted New Sale CITY SQUARE RESIDENCES Condominium Freehold 3/18/09 1216 910888 749 Uncompleted Sub Sale CITY STUDIOS Apartment Freehold 3/17/09 603 518000 859 Uncompleted New Sale CITY SQUARE RESIDENCES Condominium Freehold 3/17/09 1518 1080000 712 Uncompleted Sub Sale CITY SQUARE RESIDENCES Condominium Freehold 3/16/09 840 730000 869 Uncompleted Sub Sale CITY STUDIOS Apartment Freehold 3/16/09 603 498000 826 Uncompleted New Sale CITY STUDIOS Apartment Freehold 3/16/09 495 449000 907 Uncompleted New Sale CITY STUDIOS Apartment Freehold 3/16/09 474 410000 866 Uncompleted New Sale District 9 CAVENAGH GARDENS Apartment Freehold 3/25/09 1163 870000 748 Unknown Resale THE TATE RESIDENCES Condominium Freehold 3/24/09 3208 5932950 1850 Uncompleted Sub Sale
Purchaser Address Private Private Private HDB Private Private Private HDB Private Private HDB Private HDB Private HDB Private Private HDB HDB HDB Private HDB HDB Private Private Private HDB HDB HDB Private Private HDB HDB HDB HDB HDB Private HDB Private HDB Private HDB HDB Private
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THEEDGE SINGAPORE | APRIL 13, 2009 •
Done Deals
Project
Property Contract Tenure Type Date
Floor Area (sq ft)
Transacted Unit Price Completion Type of Price ($) ($ psf) Date Sale
Purchaser Address
2 RVG VIDA THE PIER AT ROBERTSON CAIRNHILL CREST THE COSMOPOLITAN RIVERGATE ROBERTSON 100 District 10 100 FARRER ROAD HOLLAND PEAK VALLEY PARK TANGLIN PARK THE MARBELLA BELMOND GREEN THE SIXTH AVENUE RESIDENCES THE MARBELLA THE MERASAGA CASA JERVOIS BELMOND GREEN GALLOP GABLES THE ORCHARD RESIDENCES THE SERENADE @ HOLLAND District 11 TREVOSE 12 PARK INFINIA AT WEE NAM PARK INFINIA AT WEE NAM PARK INFINIA AT WEE NAM PARK INFINIA AT WEE NAM D’CHATEAU@SHELFORD D’CHATEAU@SHELFORD D’CHATEAU@SHELFORD D’CHATEAU@SHELFORD D’CHATEAU@SHELFORD D’CHATEAU@SHELFORD GENTLE REFLECTIONS PARK INFINIA AT WEE NAM GILSTEAD COURT District 12 BALESTIER POINT RITZ MANSIONS MONVILLE MANSIONS 74 JALAN TAMAN D’LOTUS ONE ST MICHAEL’S District 13 PARC MONDRIAN MACPHERSON GARDEN ESTATE D’ ALMIRA OASIS @ MULBERRY WOODSVILLE 28 District 14 SIMSVILLE SIMSVILLE ASTORIA PARK 528 LORONG 3 GEYLANG District 15 ST PATRICK’S LOFT LEGENDA AT JOO CHIAT THE WATERSIDE MANDARIN GARDEN CONDO HOMEY GARDENS MANDARIN GARDEN CONDO POSHGROVE EAST GRAND DUCHESS AT ST PATRICK’S FRANKEL ESTATE 307 ONAN ROAD THE GERANIUM TIERRA VUE RIVAGE THE WATERSIDE
Apartment Apartment Apartment Condominium Condominium Apartment Apartment
Freehold Freehold Freehold Freehold Freehold Freehold Freehold
3/23/09 3/19/09 3/18/09 3/18/09 3/16/09 3/16/09 3/13/09
926 527 1055 1733 1141 1711 883
1140000 1080350 1424000 2183580 1350000 1967650 890000
1231 2048 1350 1260 1183 1150 1008
2006 Uncompleted 2006 2004 2008 2009 2004
Resale New Sale Resale Resale Sub Sale Sub Sale Resale
HDB Private Private Private Private Private Private
Terrace House Condominium Condominium Condominium Condominium Condominium Condominium Condominium Condominium Apartment Condominium Condominium Apartment Condominium
Freehold Freehold 999 years Freehold Freehold Freehold Freehold Freehold 99 years Freehold Freehold Freehold 99 years 99 years
3/25/09 3/24/09 3/23/09 3/23/09 3/23/09 3/20/09 3/19/09 3/19/09 3/19/09 3/18/09 3/16/09 3/16/09 3/13/09 3/13/09
2734 1905 797 1593 1475 958 2056 3380 1356 1227 2486 3175 1808 3832
1880000 1500000 700000 1780000 1450000 950000 1928528 2800000 1500000 1050000 2300000 3580000 4664640 2700000
689 787 879 1117 983 992 938 828 1106 856 925 1127 2579 705
Unknown 1994 1997 1989 2005 2004 Uncompleted 2005 1995 Unknown 2004 1997 Uncompleted 2004
Resale Resale Resale Resale Resale Resale Sub Sale Resale Resale Resale Resale Resale Sub Sale Resale
Private Private Private Private Private Private Private Private HDB Private Private Private Private Private
Detached House Condominium Condominium Condominium Condominium Apartment Apartment Apartment Apartment Apartment Apartment Terrace House Condominium Condominium
Freehold Freehold Freehold Freehold Freehold Freehold Freehold Freehold Freehold Freehold Freehold Freehold Freehold Freehold
3/26/09 3/20/09 3/20/09 3/20/09 3/20/09 3/20/09 3/20/09 3/20/09 3/16/09 3/16/09 3/16/09 3/13/09 3/13/09 3/13/09
9408 980 980 1464 969 926 926 775 1356 1356 775 3423 1001 1464
4500000 1173000 1156000 1902000 1187000 1000000 1000000 767250 1288200 1356000 775000 2430000 1139000 850000
478 1198 1180 1299 1225 1080 1080 990 950 1000 1000 710 1138 581
2002 2008 2008 2008 2008 Uncompleted Uncompleted Uncompleted Uncompleted Uncompleted Uncompleted 2009 2008 1978
Resale New Sale Resale New Sale Resale New Sale New Sale New Sale New Sale New Sale New Sale New Sale New Sale Resale
Private Private HDB Private Private Private Private HDB HDB Private Private Private Private Private
Apartment Apartment Apartment Terrace House Apartment Condominium
Freehold Freehold Freehold Freehold Freehold Freehold
3/24/09 3/24/09 3/24/09 3/20/09 3/18/09 3/16/09
1130 6 1561 1615 1593 807 936
43000 840000 650000 1000000 640000 661000
569 538 403 627 793 706
1986 1995 1994 Unknown 2008 Uncompleted
Resale Resale Resale Resale Resale Sub Sale
Private Private Private Private Private HDB
Apartment Terrace House Apartment Terrace House Apartment
Freehold Freehold Freehold Freehold 99 years
3/20/09 3/18/09 3/17/09 3/17/09 3/14/09
1399 883 1055 1701 829
910000 700000 740000 1530000 612000
650 793 702 898 738
Uncompleted Unknown Uncompleted 2006 Uncompleted
Sub Sale Resale New Sale Resale New Sale
Private HDB Private Private HDB
Condominium Condominium Condominium Terrace House
99 years 99 years 99 years 60 years
3/23/09 3/19/09 3/16/09 3/13/09
1238 1249 1195 721
630000 650000 760000 132000
509 521 636 182
1998 1998 1995 Unknown
Resale Resale Resale Resale
HDB HDB HDB HDB
Apartment Condominium Condominium Condominium Apartment Condominium Condominium Condominium
Freehold 99 years Freehold 99 years Freehold 99 years Freehold Freehold
3/26/09 3/26/09 3/26/09 3/25/09 3/24/09 3/24/09 3/23/09 3/23/09
1033 2034 2142 1528 1033 1001 1238 2540
760000 788000 1560000 870000 663988 630000 1020000 1800000
735 387 728 569 643 629 824 709
2008 2004 1993 1986 2001 1986 2008 Uncompleted
Sub Sale Resale Resale Resale Resale Resale New Sale Sub Sale
HDB Private Private HDB Private HDB Private HDB
Detached House Terrace House Condominium Condominium Apartment Condominium
Freehold Freehold Freehold Freehold Freehold Freehold
3/23/09 3/23/09 3/23/09 3/23/09 3/20/09 3/20/09
5996 1927 775 1216 1098 2142
2880000 1600000 545000 875000 972649 1680000
480 830 703 719 886 784
1956 1952 2006 Uncompleted Uncompleted 1992
Resale Resale Resale Sub Sale New Sale Resale
Private Private Private HDB HDB Private
• THEEDGE SINGAPORE | APRIL 13, 2009
Done Deals
Project ONE AMBER RIVAGE HARMONY MANSION CELESTIA POSHGROVE EAST THE ARISTO @ AMBER 124D/124E TEMBELING ROAD PEBBLE BAY PALM OASIS WATER PLACE 116 JOO CHIAT TERRACE BELLEZZA @ KATONG MANDARIN GARDEN CONDO OPERA ESTATE SANCTUARY GREEN IDYLLIC RESIDENCES THE LUCENT WATER PLACE GRAND DUCHESS AT ST PATRICK’S THE GLACIER EASTBAY ONE AMBER ONE AMBER District 16 STRATFORD COURT BAYSHORE PARK THE TANAMERA WATERFRONT WAVES COUNTRY PARK CONDO BEDOK SHOPPING COMPLEX AQUARIUS BY THE PARK CASAFINA BAYSHORE PARK BAYSHORE PARK WATERFRONT WAVES THE BAYSHORE CHANGI COURT WATERFRONT WAVES MERA TERRACE 7 EASTWOOD WAY 1 EASTWOOD TERRACE COSTA DEL SOL 7 KEW WALK District 17 LOYANG VILLAS AVILA TERRACE JLB RESIDENCES
Apartment and condo transactions with contract dates from April 13 to 26 Property Contract Tenure Type Date Condominium Freehold 3/20/09 Apartment Freehold 3/19/09 Condominium Freehold 3/19/09 Apartment Freehold 3/19/09 Condominium Freehold 3/19/09 Apartment Freehold 3/19/09 Apartment Freehold 3/18/09 Condominium 99 years 3/18/09 Apartment Freehold 3/17/09 Condominium 99 years 3/16/09 Detached House Freehold 3/16/09 Apartment Freehold 3/16/09 Condominium 99 years 3/16/09 Semi-Detached Freehold 3/13/09 House Condominium 99 years 3/13/09 Apartment Freehold 3/13/09 Apartment Freehold 3/13/09 Condominium 99 years 3/13/09 Condominium Freehold 3/13/09
Floor Area (sq ft) 570 1098 1173 1044 1238 614 1938 1367 1615 1356 7093 861 1001 3068
Transacted Unit Price Completion Type of Price ($) ($ psf) Date Sale 540000 947 Uncompleted Sub Sale 980258 893 Uncompleted New Sale 608000 518 1984 Resale 760000 728 Uncompleted New Sale 1045000 844 2008 New Sale 678000 1105 Uncompleted Sub Sale 1028000 531 Unknown Resale 1070000 783 1997 Resale 868428 538 2008 Sub Sale 1090000 804 2004 Resale 2500000 352 Unknown Resale 580000 674 2008 Resale 720000 719 1986 Resale 2480000 810 2009 New Sale
Purchaser Address HDB HDB Private HDB HDB HDB Private HDB HDB Private Private HDB Private Private
1119 1927 904 1561 1970
740000 1131000 660000 1326850 1510000
661 587 730 850 767
2003 2009 Uncompleted 2004 Uncompleted
Resale Sub Sale New Sale Resale Sub Sale
Private HDB Private Private Private
Apartment Apartment Condominium Condominium
Freehold Freehold Freehold Freehold
3/13/09 3/13/09 3/13/09 3/13/09
1335 969 1389 1615
829888 726000 1194540 1292000
622 749 860 800
2004 Uncompleted Uncompleted Uncompleted
Resale New Sale Sub Sale Sub Sale
HDB Private Private Private
Condominium Condominium Condominium Condominium Condominium Apartment Condominium Condominium Condominium Condominium Condominium Condominium Condominium Condominium Terrace House Semi-Detached House Terrace House Condominium Semi-Detached House
99 years 99 years 99 years 99 years Freehold 60 years 99 years 99 years 99 years 99 years 99 years 99 years Freehold 99 years Freehold 99 years
3/26/09 3/24/09 3/23/09 3/23/09 3/23/09 3/23/09 3/23/09 3/23/09 3/20/09 3/20/09 3/20/09 3/19/09 3/19/09 3/19/09 3/18/09 3/18/09
1938 2239 1324 1270 1389 1206 1206 1001 936 1173 1270 936 840 980 1615 3541
880000 1150000 695000 762300 854000 350000 635000 560000 570000 745000 782100 605999 600000 576000 1080000 1450000
454 514 525 600 615 290 527 559 609 635 616 647 715 588 669 410
1998 1986 1994 Uncompleted 2003 1977 2001 1999 1986 1986 Uncompleted 1996 1997 Uncompleted 1996 1999
Resale Resale Resale New Sale Resale Resale Resale Resale Resale Resale New Sale Resale Resale New Sale Resale Resale
HDB HDB Private HDB Private Private Private HDB HDB HDB Private Private HDB HDB Private HDB
99 years 99 years 99 years
3/16/09 3/16/09 3/13/09
3305 1346 2422
1250000 980000 1100000
379 728 453
1997 2003 1997
Resale Resale Resale
Private Private HDB
99 years Freehold 946 years
3/25/09 3/19/09 3/18/09
1679 2799 1270
750000 1450000 825000
448 518 650
1996 1992 2008
Resale Resale Sub Sale
Private Private Private
Terrace House Terrace House Apartment
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THEEDGE SINGAPORE | APRIL 13, 2009 •
Done Deals
Project
Property Contract Tenure Type Date
EDELWEISS PARK CONDO BLUWATERS 2 LIGHTHOUSE AZALEA PARK CONDO LIRIA TERRACE DAHLIA PARK CONDO District 18 LIVIA DOUBLE BAY RESIDENCES LIVIA LIVIA PASIR RIS BEACH PARK THE TROPICA TAMPINES COURT TAMPINES COURT LIVIA DOUBLE BAY RESIDENCES EASTPOINT GREEN DOUBLE BAY RESIDENCES District 19 THE SPRINGBLOOM 15D JALAN ARIF THE SPRINGBLOOM CHILTERN PARK SERANGOON GARDEN ESTATE COMPASS HEIGHTS KOVAN COURT SERANGOON GARDEN ESTATE 14 JALAN LEPAS THE QUARTZ THE QUARTZ THE QUARTZ THE QUARTZ THE QUARTZ CHERRYHILL THE QUARTZ THE QUARTZ THE QUARTZ THE QUARTZ THE QUARTZ OASIS GARDEN THE QUARTZ THE QUARTZ THE SPRINGBLOOM RIO VISTA OASIS GARDEN CHILTERN PARK THE QUARTZ THE QUARTZ THE QUARTZ VALVISTA District 20 MING PARK FAR HORIZON GARDENS 26 MARYMOUNT TERRACE GRANDEUR 8 BISHAN LOFT BISHAN LOFT ST NICHOLAS VIEW BRADDELL VIEW BISHAN 8 District 21 6 LORONG PISANG BATU GARDENVISTA SELANTING GREEN MAPLEWOODS SHERWOOD TOWER
Condominium Condominium Condominium Condominium Terrace House Condominium
Freehold 946 years 99 years 999 years Freehold Freehold
3/18/09 3/17/09 3/17/09 3/16/09 3/16/09 3/13/09
947 872 1195 1507 1625 1270
570000 666888 558888 722000 991000 730000
602 765 468 479 609 575
2006 Uncompleted 2004 1996 1997 2003
Resale Sub Sale Resale Resale Resale Resale
HDB HDB Private HDB HDB HDB
Condominium Condominium Condominium Condominium Terrace House Condominium Condominium Condominium Condominium Condominium Condominium Condominium
99 years 99 years 99 years 99 years 999 years 99 years 101 years 101 years 99 years 99 years 99 years 99 years
3/25/09 3/23/09 3/23/09 3/23/09 3/23/09 3/23/09 3/20/09 3/19/09 3/19/09 3/18/09 3/18/09 3/17/09
1259 936 1259 1270 2400 1238 1679 1658 1259 1001 958 635
780580 638005 755000 787400 1300000 650000 540000 485000 780580 665420 475000 452800
620 681 599 620 542 525 322 293 620 665 496 713
Uncompleted Uncompleted Uncompleted Uncompleted 1976 2000 Unknown Unknown Uncompleted Uncompleted 1999 Uncompleted
New Sale New Sale New Sale New Sale Resale Resale Resale Resale New Sale New Sale Resale New Sale
HDB HDB HDB Private Private Private HDB HDB Private Private Private Private
Condominium Detached House Condominium Condominium Detached House Apartment Apartment Semi-Detached House Terrace House Condominium Condominium Condominium Condominium Condominium Condominium Condominium Condominium Condominium Condominium Condominium Condominium Condominium Condominium Condominium Condominium Condominium Condominium Condominium Condominium Condominium Terrace House
99 years 999 years 99 years 99 years 999 years 99 years Freehold 999 years
3/25/09 3/25/09 3/24/09 3/24/09 3/24/09 3/23/09 3/20/09 3/20/09
1432 7890 1647 1518 4768 1238 1528 5716
833888 3828000 950000 840000 2200000 625000 685000 1800000
582 485 577 553 461 505 448 315
1999 Unknown 1999 1995 Unknown 2002 1981 Unknown
Resale Resale Resale Resale Resale Resale Resale Resale
Private Private Private HDB Private HDB HDB Private
Freehold 99 years 99 years 99 years 99 years 99 years Freehold 99 years 99 years 99 years 99 years 99 years Freehold 99 years 99 years 99 years 99 years Freehold 99 years 99 years 99 years 99 years 99 years
3/20/09 3/19/09 3/19/09 3/18/09 3/18/09 3/18/09 3/18/09 3/17/09 3/17/09 3/17/09 3/16/09 3/16/09 3/16/09 3/16/09 3/16/09 3/16/09 3/16/09 3/16/09 3/13/09 3/13/09 3/13/09 3/13/09 3/13/09
2088 1195 1066 1173 1066 1130 1195 1152 1130 1066 1421 1130 1227 1066 1076 1302 1249 1033 1270 1163 1216 1163 1733
950000 641700 625500 742000 632700 732000 728000 713000 649800 725000 939000 633600 815000 600300 702000 740000 640000 780000 700000 745000 690000 665100 1050000
454 537 587 632 594 648 609 619 575 680 661 561 664 563 652 568 513 755 551 641 567 572 605
Unknown Uncompleted Uncompleted Uncompleted Uncompleted Uncompleted 1994 Uncompleted Uncompleted Uncompleted Uncompleted Uncompleted Uncompleted Uncompleted Uncompleted 1999 2004 Uncompleted 1995 Uncompleted Uncompleted Uncompleted 2004
Resale New Sale New Sale New Sale New Sale New Sale Resale New Sale New Sale New Sale New Sale New Sale New Sale New Sale New Sale Resale Resale New Sale Resale New Sale Sub Sale New Sale Resale
HDB HDB HDB Private HDB HDB Private Private HDB HDB Private HDB Private Private HDB HDB HDB HDB HDB HDB HDB HDB Private
Freehold 99 years Freehold 99 years 99 years
3/23/09 3/19/09 3/17/09 3/16/09 3/16/09
4618 1292 2067 1227 1399
3920000 530000 1350000 780000 822000
849 410 652 636 587
2009 1986 1995 2005 2003
Resale Resale Resale Resale Resale
Private HDB Private HDB HDB
99 years
3/13/09
1141
745000
653
2003
Resale
HDB
99 years 99 years 99 years
3/13/09 3/13/09 3/13/09
1615 1615 1163
928000 770000 928000
575 477 798
1999 1978 1999
Resale Resale Resale
Private HDB Private
Freehold
3/26/09
2992
1600000
534
Unknown
Resale
HDB
99 years Freehold Freehold 99 years
3/26/09 3/25/09 3/24/09 3/21/09
1130 1389 1787 1518
950000 738000 1460000 580000
841 531 817 382
2006 1998 1997 1980
Resale Resale Resale Resale
Private Private Private Private
Detached House Condominium Terrace House Condominium Executive Condominium Executive Condominium Terrace House Apartment Condominium Semi-Detached House Condominium Apartment Condominium Apartment
Floor Area (sq ft)
Transacted Unit Price Completion Type of Price ($) ($ psf) Date Sale
Purchaser Address
• THEEDGE SINGAPORE | APRIL 13, 2009
Done Deals Project BLOSSOMVALE THE RAINTREE 4 JALAN JAMBU AYER GARDENVISTA HIGH OAK CONDO District 22 CASPIAN LAKEPOINT CONDO THE LAKESHORE CASPIAN THE FLORAVALE CASPIAN THE FLORAVALE CASPIAN CASPIAN SUMMERDALE CASPIAN LAKEHOLMZ CASPIAN CASPIAN CASPIAN THE MAYFAIR CASPIAN CASPIAN THE LAKESHORE THE LAKESHORE CASPIAN CASPIAN THE LAKESHORE CASPIAN THE FLORAVALE District 23 CHANTILLY RISE MERAWOODS NORTHVALE YEW MEI GREEN YEWTEE RESIDENCES YEWTEE RESIDENCES NORTHVALE THE JADE MERALODGE REGENT GROVE THE LINEAR THE DEW GUILIN VIEW YEWTEE RESIDENCES THE WARREN YEW MEI GREEN THE WARREN THE LINEAR VILLA VERDE PALM GARDENS THE PETALS District 25 ROSEWOOD WOODSVALE ROSEWOOD WOODSVALE NORTHOAKS NORTHOAKS
Apartment and condo transactions with contract dates from April 13 to 26 Property Contract Tenure Type Date Condominium 999 years 3/20/09 Condominium 99 years 3/20/09 Semi-Detached Freehold 3/17/09 House Condominium 99 years 3/16/09 Condominium 99 years 3/16/09 Condominium Condominium Condominium Condominium Executive Condominium Condominium Executive Condominium Condominium Condominium Executive Condominium Condominium Condominium Condominium Condominium Condominium Condominium Condominium Condominium Condominium Condominium Condominium Condominium Condominium Condominium Executive Condominium Condominium Condominium Apartment Executive Condominium Apartment Apartment Apartment Condominium Condominium Condominium Apartment Executive Condominium Condominium Apartment Condominium Executive Condominium Condominium Apartment Terrace House Condominium Condominium Condominium Executive Condominium Condominium Executive Condominium Executive Condominium Executive Condominium
Floor Area (sq ft) 1432 1281 2939
Transacted Unit Price Completion Type of Price ($) ($ psf) Date Sale 1100000 768 1998 Resale 845000 660 Unknown Resale 2770000 943 1967 Resale
Purchaser Address Private HDB Private
861 1163
690000 660000
801 568
2006 1999
Resale Resale
Private Private
99 years 99 years 99 years 99 years 99 years
3/25/09 3/24/09 3/24/09 3/23/09 3/23/09
1238 1001 1152 1389 1399
766800 420000 760000 778500 580000
619 420 660 561 414
Uncompleted Unknown 2007 Uncompleted 2000
New Sale Resale Resale New Sale Resale
Private HDB HDB Private HDB
99 years 99 years
3/20/09 3/19/09
1389 1324
786600 575000
566 434
Uncompleted 2000
New Sale Resale
Private Private
99 years 99 years 99 years
3/18/09 3/18/09 3/18/09
1399 1528 1195
864270 906750 500000
618 593 418
Uncompleted Uncompleted 2000
New Sale New Sale Resale
HDB HDB HDB
99 years 99 years 99 years 99 years 99 years 99 years 99 years 99 years 99 years 99 years 99 years 99 years 99 years 99 years 99 years
3/17/09 3/17/09 3/17/09 3/17/09 3/17/09 3/16/09 3/16/09 3/16/09 3/16/09 3/16/09 3/16/09 3/13/09 3/13/09 3/13/09 3/13/09
1141 1496 1399 1216 1238 1195 1281 1238 1163 1109 1281 1216 1109 1141 1249
695640 850000 866943 785850 796554 658000 800100 781200 837360 926000 823050 742500 754120 711450 508000
610 568 620 646 643 551 625 631 720 835 643 610 680 624 407
Uncompleted 2005 Uncompleted Uncompleted Uncompleted 2000 Uncompleted Uncompleted 2008 2008 Uncompleted Uncompleted 2008 Uncompleted 2000
New Sale Resale New Sale New Sale New Sale Resale New Sale New Sale Resale Resale New Sale New Sale Resale New Sale Resale
Private HDB HDB HDB HDB HDB Private Private Private Private HDB HDB HDB HDB Private
Freehold 999 years 99 years 99 years
3/26/09 3/26/09 3/23/09 3/23/09
1442 1711 1668 1292
750000 880888 644000 568888
520 515 386 440
1998 1999 1998 2000
Resale Resale Resale Resale
HDB HDB Private HDB
99 years 99 years 99 years 99 years Freehold 99 years 999 years 99 years
3/23/09 3/23/09 3/23/09 3/23/09 3/23/09 3/20/09 3/19/09 3/19/09
1421 840 1281 1346 1916 926 1335 1206
830000 540000 500000 835000 1200000 445000 715000 638000
584 643 390 621 626 481 536 529
2008 2008 1998 2004 1997 2000 2006 2003
Sub Sale Sub Sale Resale Resale Resale Resale Resale Resale
Private HDB HDB HDB Private Private Private HDB
99 years 99 years 99 years 99 years
3/18/09 3/17/09 3/17/09 3/16/09
861 1184 1216 1292
520000 650000 645000 590000
604 549 530 457
2000 2008 2004 2000
Resale Sub Sale Resale Resale
HDB HDB Private HDB
99 years 999 years 99 years 99 years Freehold
3/16/09 3/16/09 3/13/09 3/13/09 3/13/09
1475 1227 2153 1216 1044
788000 674850 1168000 588000 645000
534 550 543 483 618
2004 2006 2000 2000 2002
Resale Resale Resale Resale Resale
HDB HDB Private HDB HDB
99 years 99 years
3/24/09 3/20/09
1173 1238
605000 515000
516 416
2003 2000
Resale Resale
HDB HDB
99 years 99 years
3/20/09 3/20/09
1905 1356
670000 535000
352 394
2003 2000
Resale Resale
HDB HDB
99 years
3/20/09
1238
520000
420
2000
Resale
HDB
99 years
3/20/09
1238
510000
412
2000
Resale
HDB
THEEDGE SINGAPORE | APRIL 13, 2009 •
Done Deals
Property Contract Tenure Type Date
Floor Area (sq ft)
CASABLANCA Condominium 99 years 3/17/09 WOODSVALE Executive 99 years 3/17/09 Condominium WOODSVALE Executive 99 years 3/16/09 Condominium WOODSVALE Executive 99 years 3/16/09 Condominium CASABLANCA Condominium 99 years 3/13/09 WOODSVALE Executive 99 years 3/13/09 Condominium Italy’s Gaja continues to make wines of ‘enormous District 26 refinement, fiery passion and enduring pleasure’ SEASONS PARK Condominium 99 years 3/20/09 CASTLE GREEN Condominium 99 years 3/19/09 | BY | Gaia Gaja, whom I met of pap7 JOHN MENGMARIANI SUAN ROAD Semi-Detached 999 years for a meal 3/18/09 House pardelle with short ribs ragu and a portert is not by following dogged tradition that house steak at Parlor Steakhouse in New THE have gained a reputaTerrace House “My father Freehold theCOUNTRYSIDE wines of Gaja York. admired what3/17/09 was being THE Terrace Freehold in California 3/16/09 and tionSPRINGSIDE as among the finest — and most ex- House done at Robert Mondavi pensive — in Italy. how the French use barriques, and he transTHOMSON GROVE By breaking revered Condominium Freehold 3/16/09 rules, Angelo Gaja, 69, revolutionised lated that into our Piedmont vineyards beCASTLE GREEN 1970s not just in his Condominium he was convinced 99 years the traditional 3/13/09 Nebwinemaking in the na- cause 27 but throughout Italy. tiveDistrict Piedmont biolo wines could be better and that great With his daughter Gaia, 29, nowExecutive thor- Cabernet could produced, too.” LILYDALE 99 be years 3/24/09 oughly engaged in the family business, CondominiumToday, a glance at Gaja’s US importthere’s every reason to believe the win- er’s website, Terlato Wines International, Executive lists 18 different 99 years Many 3/23/09 ery,LILYDALE which dates back to 1859, will continwines. have dialect ue to do so. names like Darmagi, which means “What Condominium NotSHAUGHNESSY least among Gaja’s innovations was House a pity!” — the99response THE Terrace years of Angelo’s 3/20/09father to age both his red and white wines in 225- when he ripped out Nebbiolo vines to plant ORCHID PARK CONDO Condominium 99 years 3/20/09 litre French oak barrels called barriques, now Cabernet. THE SHAUGHNESSY Italy. He also aimed Terrace House 99 years 3/20/09 a common practice in forDistrict lower28yields, shorter pruning and — Like father, like daughter most shocking in a tradition-bound country Gaia, like her father, travels widely to spread MIMOSA TERRACE Terrace House Freehold 3/26/09 like Italy — introduced non-indigenous va- the family gospel and, she says proudly, SELETAR ESTATE Sauvignon, Merlot Semi-Detached 999up years rieties suchHILLS as Cabernet “Our wines are in sales in 3/23/09 every major and Neb- market in the world.” Twenty per cent of Chardonnay to Piedmont, whereHouse biolo had been the most distinctive Terrace grape House production goes to the stays in ItMIMOSA TERRACE Freehold US, 20% 3/19/09
Raising THE BAR
I
Transacted Unit Price Completion Type of Price ($) ($ psf) Date Sale
1119 1356
555000 510000
496 376
1227
530000
432
1238
505000
408
926 1227
490000 510000
529 416
1044 947 2917
590000 572000 1850000
565 604 634
1830 revolutionised 1100000 603 by Angelo Gaja winemaking in Italy 1851the rules 1200000 650 breaking
2005 2000 BLOOMBERG
Project
BEHIND THE BOTTLE
THEEDGE SINGAPORE | APRIL 13, 2009 • OP11
Resale Resale
Purchaser Address
HDB Private
like Gaja, but they should also be different expressions of our Resale work, so weHDB may use 2000 different grape varieties than are traditional. But, we are still very proud of our Bar2000 and Barolo.” Resale HDB baresco That day, over lunch, with the rich, beefy flavours we drank wines 2005 of the food,Resale HDB from Gaja’s Tuscan ventures. The Ca’ Marcanda 2000 Resalefrom theHDB Camarcanda (US$155) Bolgheri region is 50% Merlot, 40% Cabernet Sauvignon and 10% Cabernet Franc. Its name means “house of endless negotiations”, ow1997 Resale HDB ing to Gaja’s attempts to buy the estate from 1997 soilHDB its previous owners. Resale Here, the is a mix of clay, sand, limestone and pebbles, Uncompleted New Sale HDBand the varieties are separately vinified, then blended and aged in barriques for 18 months, then 1996 Private for at least a year inResale the bottle.
1998
Resale
Private
Silky 1984 blend Resale Private The result is a very silky, lush wine from 1997high percentageResale HDB the of Merlot, with supnot interested in technically perfect, ‘well- ple tannins from the Cabernet. Its 14% almade’ she says. “I want to taste and structure beneath 1206wine,” 530000 440 the cohol 2003 gives it bodyResale HDB personality of the producer.” Which, in the the fine fruit. case of Gaia and her father, would be a wine Pieve Santa Restituta is an estate that pro1238 570000 fiery 460 and 2003 two types of Brunello Resale di Montalcino HDB of enormous refinement, passion duces enduring pleasure. — Rennina and Sugarille — and I tasted “In you 1100000 drink wine the 2004 (US$155) 3305Italy, as you 333eat,” 2006 vintage of both. ResaleRennina HDB she says. “As I start to cook in the evening, has the big flavour of the Sangiovese Gros893 450000 504 1994 Resale HDB I follow the rhythm of the wine and how it so grape, quite complex, with a high acid3283 But, I do 1080000 329 I ity 2006 gives freshness Resaleto the boldness HDB develops. not decant my wines. that of taste it after 20 minutes and I feel obliged the fruit and tannin. The Sugarille (US$170) to follow its progress. After a day of frantic was tighter, with firmer tannins, showing a 1615 1428000 884 2008 Resale HDB work, wine makes you go slow.” clear indication of how another year or two 4015 looks from a399 Unknown balance. HDB Gaia for 1600000 “emotion” wine. will bring it all into Resale elegant “I know our wines are a luxury product” Gaja has never played by the rules and — many sell for US$100 ($152) them 3940 of them 2000000 508 to even 2008 changes or eliminates Resale Privatealong for centuries, used in wines like Barolo and aly, 20% is sold in Switzerland, Germany US$200 — “so they should be very special the way. Yet, by setting its own standards, Barbaresco. and Austria, and the other 40% goes to the and not taste like anyone else’s wines. Our it has also raised the bar for Italian wine. DISCLAIMER: E “TheURA Piedmontese are Publishing gamblers,” world. for any loss or liability arising directly single-vineyard wines always taste Bloomberg LP herein. Source: Realis. The Edge Ptesays Ltd shallrest notof bethe responsible or indirectly from theshould use of, or reliance on, the— information provided
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2896 1300000 449 Gaia scoffs at wineries whose bottlings 750000 471“I’m taste1593 “manufactured” to please critics.
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