DoneDeals
THEEDGE SINGAPORE | September 2, 2013 •1
Done Deals
THEEDGE SINGAPORE | September 2, 2013 • 1
SAMUEL ISAAC CHUA, THE EDGE SINGAPORE
The Edge Singapore Property Transaction Tracker
A 1,658 sq ft, three-bedroom apartment on the fifth floor at W Residences at Sentosa Cove was sold for $4.5 million, or $2,726 psf
Buying interest seen in Sentosa Cove, Keppel Bay and Beach Road | BY ADELE TEO |
O
n Aug 7, a 1,658 sq ft, three-bedroom apartment on the fifth floor of W Residences at Sentosa Cove, located at the prestigious Sentosa Cove, was sold for $4.5 million, or $2,726 psf. The 228-unit, 99-year, leasehold high-end condominium project is part of the W Singapore-Sentosa Cove mixeduse development, which includes Quayside Isles, a commercial complex containing upscale restaurants, shops and supermarket overlooking the marina, and the adjacent 240-room W Hotel. The mixed-use development by listed property giant City Developments Ltd (CDL), was completed last year. W Residences has seven sprawling six-storey blocks with apartments enjoying views of the waterway. Two-bedroom apartments start from 1,227 sq ft to four-bedroom units of 2,486 sq ft. Duplex penthouses range from a 2,217
sq ft two-bedroom unit to a 6,297 sq ft fivebedroom home. CDL has sold more than 20% of the units to date, and is holding the majority of them for lease. In January, a 1,259 sq ft, two-bedroom unit on the fifth floor was sold for $3.66 million ($2,904 psf). Prices of units sold at W Residences since it previewed in March 2010 range from $2,321 to $2,968 psf, according to caveats lodged with URA Realis. Transaction volume in Sentosa Cove has been thin, admits Ray Ang, senior marketing director at ERA. Nevertheless, there has been some activity. However, he notes that most potential buyers prefer to purchase units directly from the developer rather than the secondary market, where units tend to be priced higher. For instance, at the 124-unit private condo Marina Collection, located next to One°15 Marina Club, three units on the first level were sold for $6.93 million ($2,900 psf) apiece. The apartments are all fourbedroom units of 2,390
sq ft each. Marina Collection by Indonesian tycoon Stephen Riady’s Lippo Group was completed two years ago. Meanwhile on Coral Island, also in Sentosa Cove, there are 21 bungalows, each with its own swimming pool and private berth. Completed in 2007, the bungalows were developed by Ho Bee Investments, a niche developer and first mover with eight residential projects in Sentosa Cove, making it the single largest stakeholder there. The latest transaction at Coral Island was for a bungalow sitting on a 6,986 sq ft plot, which changed hands for $18 million ($2,575 psf). The adjacent bungalow, which sits on a larger plot of 13,433 sq ft, changed hands for $28 million ($2,084 psf) in March. It was last sold in December for $26.5 million ($1,973 psf), according to caveats lodged with URA Realis. Located across the water from Sentosa Island is the 1,129-unit Reflections at Keppel Bay. A 2,207 sq ft, three-bedroom apartment on the 30th floor of one of the highrise blocks changed hands for $4.5 million ($2,039 psf). The previous owner had purchased the unit from the developer, Keppel Land, for $4.24 million ($1,922 psf) when the 99-year leasehold private condo (designed by world renowned
Bryan Tay, THE EDGE SINGAPORE
2 • THEEDGE SINGAPORE | September 2, 2013
Done Deals
A 1,163 sq ft, two-bedroom unit on the 11th floor of Concourse Skyline was sold for $1.84 million, or $1,583 psf
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architect Daniel Libeskind) was launched in 2007. Meanwhile, along Beach Road, Concourse Skyline by listed developer Hong Fok Corp, saw a 1,163 sq ft, two-bedroom unit on the 11th floor of one of the condo blocks change hands in a sub-sale for $1.84 million ($1,583 psf) in early August. The seller had paid $1.4 million ($1,205 psf) for the unit in July 2009. The 99-year leasehold private condo, which will be located next to Hong Fok’s existing The Concourse office tower, contains 360 apartments, and is set to be completed by year-end. The project was first rolled out in September 2008, and of 342 units launched to date, 241 have been sold as at end-July. The latest asking price for Concourse Skyline ranges from $2,500 to $3,200 psf, according to a property agent who declined to be named. At its launch in September 2008, units were sold at between $1,279 and $1,871 psf. Asking prices are on an uptrend, he says. Nearby at the junction of Bras Basah Road and Beach Road is an upcoming landmark mixed-use scheme by M+S (a joint venture between Malaysia’s Khazanah Nasional and Singapore’s Temasek Holdings). The project will contain two towers with Grade-A office space, a luxury hotel and residences. Some property agents reckon the residential scheme, called Duo Residences, is likely be launched sometime before the end of the year. That is expected to put the E spotlight back on Beach Road.
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THEEDGE SINGAPORE | September 2, 2013 •3
Done Deals
Apartment and condo transactions with contract dates from Aug 7 to 16 Project Property Tenure CONTRACT Type DATE
Floor Area Transacted Unit Price Completion (sq ft) Price ($) ($ psf) Date
Type of Purchaser Sale Address
District 1 THE CLIFT
Apartment
99 years
August 7, 2013
527
$1,250,000
$2,370
2011
Resale
Private
District 2 SPOTTISWOODE PARK
Apartment
99 years
August 13, 2013
850
$830,000
$976
Unknown
Resale
Private
District 3 THE METROPOLITAN CONDOMINIUM
Condominium
99 years
August 13, 2013
721
$1,261,750
$1,750
2009
Resale
Private
REGENCY SUITES
Apartment
Freehold
August 7, 2013
980
$1,630,000
$1,664
2008
Resale
Private
District 4 REFLECTIONS AT KEPPEL BAY Condominium
99 years
August 16, 2013
2,207
$4,500,000
$2,039
2011
Resale
Private
SENTOSA COVE
Detached House
99 years
August 14, 2013
6,986
$18,000,000
$2,575
2007
Resale
Private
MARINA COLLECTION
Condominium
99 years
August 13, 2013
2,390
$6,931,000
$2,900
2011
Resale
Private
MARINA COLLECTION
Condominium
99 years
August 13, 2013
2,390
$6,931,000
$2,900
2011
Resale
Private
MARINA COLLECTION
Condominium
99 years
August 13, 2013
2,390
$6,931,000
$2,900
2011
Resale
Private
Condominium
99 years
August 7, 2013
1,658
$4,518,648
$2,726
2011
Resale
Private
THE RESIDENCES AT W SINGAPORE SENTOSA COVE
District 5 LYNNSVILLE 331
Terrace House
Freehold
August 16, 2013
2,960
$2,120,000
$716
2009
Resale
Private
37 JALAN MAS KUNING
Terrace House
Freehold
August 15, 2013
1,636
$2,000,000
$1,219
Unknown
Resale
Private
HUNDRED TREES
Condominium
956 years
August 12, 2013
484
$735,000
$1,517
2013
Sub Sale
HDB
District 7 CONCOURSE SKYLINE
Apartment
99 years
August 7, 2013
1,163
$1,840,000
$1,583
Uncompleted
Sub Sale
Private
District 8 SUITES @ OWEN
Apartment
Freehold
August 15, 2013
LE SOMME
Apartment
Freehold
August 7, 2013
366
$700,000
$1,913
2009
Resale
HDB
1,012
$1,120,500
$1,107
Uncompleted
New Sale
HDB
District 9 WILKIE 80
Apartment
Freehold
August 16, 2013
560
$1,040,000
$1,858
2010
Resale
Private
KIM SIA COURT
Apartment
Freehold
August 16, 2013
1,421
$2,800,000
$1,971
Unknown
Resale
Private
THE IMPERIAL
Condominium
Freehold
August 15, 2013
1,808
$3,616,000
$2,000
2006
Resale
Private
CAIRNHILL PLAZA
Apartment
Freehold
August 13, 2013
2,293
$4,200,000
$1,832
1978
Resale
Private
THE METZ
Condominium
Freehold
August 13, 2013
1,496
$3,850,000
$2,573
2007
Resale
Private
LEONIE STUDIO
Apartment
99 years
August 12, 2013
936
$1,800,000
$1,922
2006
Resale
HDB
District 10 THE SERENADE @ HOLLAND
Condominium
99 years
August 16, 2013
1,787
$2,323,000
$1,300
2004
Resale
Private
THE TENERIFFE
Terrace House
99 years
August 16, 2013
3,122
$2,815,000
$902
2003
Resale
Private
SIXTH AVENUE VILLE
Condominium
Freehold
August 14, 2013
1,238
$1,910,000
$1,543
1999
Resale
Private
90 HOLLAND ROAD
Condominium
Freehold
August 12, 2013
980
$1,495,000
$1,526
1995
Resale
Private
ASTRID MEADOWS
Condominium
Freehold
August 12, 2013
3,800
$7,000,000
$1,842
1990
Resale
Private
SIGNATURE AT LEWIS
Apartment
Freehold
August 7, 2013
1,841
$2,800,000
$1,521
2011
Resale
Private
RV EDGE
Apartment
Freehold
August 7, 2013
420
$885,000
$2,108
2013
Sub Sale
HOLLAND PEAK
Condominium
Freehold
August 7, 2013
1,313
$1,800,000
$1,371
1994
Resale
HDB Private
District 11 CHANCERY COURT
Condominium
99 years
August 14, 2013
2,271
$2,700,000
$1,189
1981
Resale
Private
HILLCREST ARCADIA
Condominium
99 years
August 14, 2013
915
$920,000
$1,006
1980
Resale
Private
THE LINCOLN RESIDENCES
Condominium
Freehold
August 14, 2013
1,281
$2,400,000
$1,874
2011
Resale
Private
WATTEN HILL
Condominium
Freehold
August 13, 2013
2,626
$3,480,000
$1,325
1979
Resale
Private
28 SHELFORD
Apartment
Freehold
August 13, 2013
840
$1,308,000
$1,558
1994
Resale
Private
CAPITOL PARK
Semi-Detached House
Freehold
August 7, 2013
3,724
$6,850,000
$1,842
1992
Resale
Private
PARK INFINIA AT WEE NAM
Condominium
Freehold
August 7, 2013
1,421
$2,760,000
$1,943
2008
Resale
Private
District 12 KIM KEAT GARDENS
Apartment
99 years
August 15, 2013
1,335
$1,130,000
$847
2003
Resale
EIGHT RIVERSUITES
Condominium
99 years
August 13, 2013
700
$1,070,000
$1,529
Uncompleted
New Sale
Private
HDB
THE TIER
Apartment
Freehold
August 12, 2013
495
$800,000
$1,616
2011
Resale
Private
THE ARTE
Condominium
Freehold
August 12, 2013
1,399
$1,982,000
$1,416
2010
Resale
Private
District 13 BARTLEY RIDGE
Condominium
99 years
August 7, 2013
969
$1,177,400
$1,215
Uncompleted
New Sale
HDB
District 15 THE ATRIA AT MEYER
Condominium
Freehold
August 14, 2013
3,261
$4,600,000
$1,410
1996
Resale
PARC ELEGANCE
Apartment
Freehold
August 14, 2013
441
$710,000
$1,609
Uncompleted
Sub Sale
Private
ARTHUR 118
Apartment
Freehold
August 13, 2013
893
$1,380,000
$1,545
2006
Resale
Private
OPERA ESTATE
Terrace House
Freehold
August 12, 2013
2,024
$2,590,000
$1,281
Unknown
Resale
Private
HAIG 162
Apartment
Freehold
August 12, 2013
355
$680,000
$1,914
2013
Sub Sale
HDB
HDB
4 • THEEDGE SINGAPORE | September 2, 2013
Done Deals
Apartment and condo transactions with contract dates from Aug 7 to 16
Project Property Tenure CONTRACT Floor Area Transacted Unit Price Completion Type DATE (sq ft) Price ($) ($ psf) Date COSTA RHU Condominium 99 years August 12, 2013 1,346 $1,550,000 $1,152 1997
Type of Purchaser Sale Address Resale HDB
THE MAKENA
Condominium
Freehold
August 12, 2013
926
$1,338,000
$1,445
1998
Resale
HERITAGE EAST
Apartment
Freehold
August 7, 2013
495
$710,000
$1,434
2012
Resale
Private HDB
FORTUNE SPRING
Apartment
Freehold
August 7, 2013
2,390
$1,828,000
$765
2003
Resale
Private
District 16 BEDOK RIA
Detached House
Freehold
August 16, 2013
8,643
$8,300,000
$960
1993
Resale
HDB
EAST COAST RESIDENCES
Apartment
Freehold
August 15, 2013
1,023
$1,460,000
$1,428
2011
Resale
Private
URBAN VISTA
Condominium
99 years
August 12, 2013
1,442
$1,823,198
$1,264
Uncompleted
New Sale
Private
THE BAYSHORE
Condominium
99 years
August 12, 2013
947
$960,000
$1,013
1997
Resale
Private
10 HARVEY CRESCENT
Terrace House
999 years
August 12, 2013
2,282
$3,980,000
$1,744
Unknown
Resale
Private
THE TANAMERA
Condominium
99 years
August 12, 2013
947
$873,000
$922
1994
Resale
HDB
District 17 FERRARIA PARK CONDOMINIUM
Condominium
Freehold
August 13, 2013
CONDOMINIUM
Condominium
Freehold
August 12, 2013
CHANGI GARDEN
Condominium
Freehold
August 7, 2013
1,711
$1,570,000
$917
2009
Resale
HDB
936
$950,000
$1,014
2009
Resale
HDB
1,475
$1,050,000
$712
1980
Resale
Private
FERRARIA PARK
District 18 CITYLIFE@TAMPINES
Executive Condominium 99 years
August 14, 2013
1,184
$962,000
$812
Uncompleted
New Sale
HDB
VUE 8 RESIDENCE
Condominium
99 years
August 14, 2013
797
$920,400
$1,156
Uncompleted
New Sale
HDB
WATERCOLOURS
Executive Condominium 99 years
August 14, 2013
958
$710,000
$741
Uncompleted
New Sale
HDB
VUE 8 RESIDENCE
Condominium
99 years
August 12, 2013
474
$548,000
$1,157
Uncompleted
New Sale
HDB
D’NEST
Condominium
99 years
August 12, 2013
1,130
$1,078,740
$954
Uncompleted
New Sale
HDB
VUE 8 RESIDENCE
Condominium
99 years
August 12, 2013
1,087
$1,100,000
$1,012
Uncompleted
New Sale
HDB
VUE 8 RESIDENCE
Condominium
99 years
August 7, 2013
1,044
$1,057,810
$1,013
Uncompleted
New Sale
Private
VUE 8 RESIDENCE
Condominium
99 years
August 7, 2013
1,615
$1,729,760
$1,071
Uncompleted
New Sale
HDB
WATERCOLOURS
Executive Condominium 99 years
August 7, 2013
1,238
$871,200
$704
Uncompleted
New Sale
HDB
WATERCOLOURS
Executive Condominium 99 years
August 7, 2013
915
$654,300
$715
Uncompleted
New Sale
Private
SAVANNAH CONDOPARK
Condominium
99 years
August 7, 2013
1,023
$1,020,000
$997
2005
Resale
NV RESIDENCES
Condominium
99 years
August 7, 2013
1,109
$1,170,000
$1,055
Uncompleted
Sub Sale
CITYLIFE@TAMPINES
Executive Condominium 99 years
August 7, 2013
1,109
$977,400
$882
Uncompleted
New Sale
RIS GRANDEUR
Condominium
August 7, 2013
1,356
$1,330,000
$981
2005
Resale
Freehold
HDB Private HDB Private
District 19 GOLDEN HILL ESTATE
Terrace House
Freehold
August 16, 2013
1,679
$2,780,000
$1,657
1976
Resale
THE MINTON
Condominium
99 years
August 14, 2013
1,087
$1,300,000
$1,196
Uncompleted
Sub Sale
HDB
JEWEL @ BUANGKOK
Condominium
99 years
August 14, 2013
474
$665,340
$1,405
Uncompleted
New Sale
HDB
LEITH GROVE
Apartment
Freehold
August 13, 2013
797
$930,000
$1,168
2007
Resale
HDB
CHUAN PARK
Condominium
99 years
August 13, 2013
710
$810,000
$1,140
1984
Resale
HDB
LA FIESTA
Condominium
99 years
August 13, 2013
732
$876,000
$1,197
Uncompleted
New Sale
HDB
CHILTERN PARK
Condominium
99 years
August 12, 2013
1,572
$1,503,000
$956
1995
Resale
HDB
THE RIVERVALE
Executive Condominium 99 years
August 7, 2013
1,292
$930,000
$720
2000
Resale
HDB
CHUAN PARK
Condominium
99 years
August 7, 2013
1,173
$1,230,000
$1,048
1985
Resale
Private
EVERGREEN PARK
Apartment
99 years
August 7, 2013
1,023
$840,000
$821
1999
Resale
Private
999 years
August 7, 2013
2,164
$2,500,000
$1,157
Unknown
Resale
Private
SERANGOON GARDEN ESTATE Terrace House
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Private
THEEDGE SINGAPORE | September 2, 2013 •5
Done Deals
Project Property Tenure CONTRACT Type DATE
Floor Area Transacted Unit Price Completion (sq ft) Price ($) ($ psf) Date
Type of Purchaser Sale Address
TAI HWAN GARDEN
Terrace House
Freehold
August 7, 2013
2,013
$2,510,000
$1,246
1979
Resale
HDB
JEWEL @ BUANGKOK
Condominium
99 years
August 7, 2013
732
$917,070
$1,253
Uncompleted
New Sale
HDB
District 20 THREE 11
Freehold
August 13, 2013
657
$1,101,000
$1,677
14 YIO CHU KANG GARDENS Semi-Detached House
Apartment
99 years
August 12, 2013
2,303
$2,000,000
$867
THOMSON GARDEN ESTATE
Freehold
August 7, 2013
883
$1,800,000
$2,034
Terrace House
Uncompleted
New Sale
1995
Resale
Private
HDB
Unknown
Resale
HDB
District 21 THE BLOSSOMVALE
Condominium
999 years
August 16, 2013
1,528
$2,050,000
$1,341
1998
Resale
Private
THE CASCADIA
Condominium
Freehold
August 15, 2013
1,238
$2,142,360
$1,731
2010
Resale
Private
40 SUNSET HEIGHTS
Detached House
Freehold
August 15, 2013
8,590
$10,500,000
$1,222
Unknown
Resale
Private
PINE GROVE
Condominium
99 years
August 13, 2013
1,927
$1,640,000
$851
Unknown
Resale
Private
ENG KONG PARK
Semi-Detached House
Freehold
August 12, 2013
3,606
$5,000,000
$1,389
Unknown
Resale
Private
District 22 LAKEPOINT CONDOMINIUM
Condominium
99 years
August 16, 2013
2,077
$1,200,000
$578
Unknown
Resale
HDB
J GATEWAY
Condominium
99 years
August 12, 2013
603
$846,800
$1,405
Uncompleted
New Sale
HDB
PARC OASIS
Condominium
99 years
August 12, 2013
1,227
$1,275,000
$1,039
1994
Resale
HDB
J GATEWAY
Condominium
99 years
August 7, 2013
1,206
$1,691,200
$1,403
Uncompleted
New Sale
PARC VISTA
Condominium
99 years
August 7, 2013
1,281
$1,080,000
$843
1998
Resale
HDB Private
District 23 THE MADEIRA
Condominium
99 years
August 16, 2013
1,302
$1,200,000
$921
2003
Resale
CHESTERVALE
Executive Condominium 99 years
August 16, 2013
1,259
$905,000
$719
1999
Resale
HDB HDB
THE DAIRY FARM
Condominium
Freehold
August 16, 2013
1,518
$1,800,000
$1,186
1985
Resale
Private
MI CASA
Condominium
99 years
August 14, 2013
990
$1,113,000
$1,124
2012
Resale
Private
HILLVIEW RESIDENCE
Condominium
99 years
August 14, 2013
1,453
$1,220,000
$840
2002
Resale
HDB
HILLSTA
Condominium
99 years
August 12, 2013
635
$785,370
$1,237
Uncompleted
New Sale
HDB
KINGSFORD . HILLVIEW PEAK Condominium
99 years
August 7, 2013
517
$743,887
$1,440
Uncompleted
New Sale
HDB
District 25 FORESTVILLE
Executive Condominium 99 years
August 14, 2013
1,399
$1,113,900
$796
Uncompleted
New Sale
Private
FORESTVILLE
Executive Condominium 99 years
August 13, 2013
1,098
$793,360
$723
Uncompleted
New Sale
HDB
TWIN FOUNTAINS
Executive Condominium 99 years
August 12, 2013
1,119
$841,500
$752
Uncompleted
New Sale
HDB
TWIN FOUNTAINS
Executive Condominium 99 years
August 7, 2013
1,593
$1,191,520
$748
Uncompleted
New Sale
HDB
LA CASA
Executive Condominium 99 years
August 7, 2013
980
$780,000
$796
2008
Resale
HDB
TWIN FOUNTAINS
Executive Condominium 99 years
August 7, 2013
1,206
$928,400
$770
Uncompleted
New Sale
HDB
District 26 SPRINGLEAF GARDEN
Semi-Detached House
Freehold
August 13, 2013
3,606
$4,400,000
$1,219
1984
Resale
Private
SPRINGLEAF GARDEN
Semi-Detached House
Freehold
August 7, 2013
3,552
$3,738,000
$1,053
1990
Resale
Private
District 27 1 CANBERRA
Executive Condominium 99 years
August 15, 2013
1,044
$742,412
$711
Uncompleted
New Sale
HDB
1 CANBERRA
Executive Condominium 99 years
August 13, 2013
1,055
$765,300
$725
Uncompleted
New Sale
HDB
1 CANBERRA
Executive Condominium 99 years
August 13, 2013
1,066
$731,812
$687
Uncompleted
New Sale
HDB
1 CANBERRA
Executive Condominium 99 years
August 12, 2013
958
$698,000
$729
Uncompleted
New Sale
THE SENSORIA
Condominium
August 12, 2013
1,001
$992,000
$991
2007
Resale
Private
1 CANBERRA
Executive Condominium 99 years
August 7, 2013
958
$700,900
$732
Uncompleted
New Sale
Private
1 CANBERRA
Executive Condominium 99 years
August 7, 2013
1,055
$783,000
$742
Uncompleted
New Sale
HDB
1 CANBERRA
Executive Condominium 99 years
August 7, 2013
1,055
$761,012
$721
Uncompleted
New Sale
HDB
1 CANBERRA
Executive Condominium 99 years
August 7, 2013
1,055
$767,600
$728
Uncompleted
New Sale
HDB
1 CANBERRA
Executive Condominium 99 years
August 7, 2013
947
$689,312
$728
Uncompleted
New Sale
HDB
1 CANBERRA
Executive Condominium 99 years
August 7, 2013
1,055
$744,312
$706
Uncompleted
New Sale
HDB
Freehold
HDB
District 28 MIMOSA PARK
Condominium
Freehold
August 16, 2013
1,873
$1,670,000
$892
1979
Resale
THE GREENWICH
Condominium
99 years
August 15, 2013
603
$810,000
$1,344
Uncompleted
Sub Sale
THE TOPIARY
Executive Condominium 99 years
August 7, 2013
915
$698,345
$763
Uncompleted
New Sale
SERENITY PARK
Condominium
Freehold
August 7, 2013
1,098
$1,100,000
$1,002
1995
Resale
1 CANBERRA
Executive Condominium 99 years
August 5, 2013
947
$700,712
$740
Uncompleted
New Sale
DISCLAIMER: Source: URA Realis. Updated Aug 28, 2013. The Edge Publishing 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.
Private HDB HDB Private HDB