Weekly Real Estate Updates (2022 June 13 - June 19)

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• New private home sales in Singapore more than double in May and hit 6-month high amid tighter supply | 由于供应有限，新加坡 5月份新私人住宅销售量翻了一番多，创下 6 个月新高

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• Condo resale prices rise 0.3% in May, up for the 22nd straight month. Market is recovering 5 months after cooling measures | 5月份公寓转售价格上涨 0.3%，连续第 22 个月上涨。市场在降温措施 5个月后在恢复


• Condo & HDB rents rose at quicker pace last month, more units leased | 上个月公寓和组屋租金上涨更快，更多单位出租


• Singapore climbs back to 3rd place from 5th place in global competitiveness ranking | 新加坡在全球竞争力排名中从第 5 位攀升至第 3位

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• Parkwood Residences 3 bedroom Last 6 Units! Special $65,000 promo discount – from only $1.49m |《Parkwood Residences》3卧室最后 6个单位！$6万5千元折扣 – 从$149万元

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• Normanton Park – Last 17 Units! 3 bedroom from only $2m - price increasing by 2% on 1 July 2022 | 《Normanton Park》 最后 17个单位！ 3卧室仅 $200万元起 - 2022年7月1日价格将上涨 2%


• 1953 Freehold 3 bedroom from $2.2m – Free $150K interior design |《1953》永久业权公寓 3卧室从 $220万元起 – 免费 $15万元的室内设计

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• Gem Residences 678sqft 2 bedroom $1.28m – high floor, pool view unit. Currently tenanted $3,250 until March 2023. Short walk to Braddell MRT & food centre《Gem Residences》678sqft 2卧室 $128万元 - 高楼层，泳池景观单位。目前租 $3250 至 2023年3月。 步行可到达《布莱德》地铁站 和美食中心

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• Contact me to buy, sell or rent resale property | 联系我关于购买、出售或出租转售房产

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• The Peak Cambodia with Shangri-La completed with rental guarantee – now with up to 16% discounts | The Peak 柬埔寨(与香格里拉酒店）完成租金保证，可享有高达 16% 折扣

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List of Land Sales (En-Bloc & Government Land Sales) 2022

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Dairy Farm Walk Land Parcel

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Sales Status

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Land Sales Type	Government Land Sales (GLS)
Land Sales Status	Tender closed on 8 Mar 2022
Successful Bidder / Developer	Sim Lian Group
Estimated No. of Units	About 350 to 400 residential units.
Project Website	Coming Soon

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Land Attributes

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Site Use	Residential
Tenure	99 Years
Site Area (sqm)	15663.2
Site GFA (sqm)	32,893
Reserve Price ($m)	-
Highest bid ($m)	347
Highest bid ($psf)	980
Development Charge ($m)	-
Number of bids	7
Est. Breakeven ($psf ppr)	1646
Est. Selling Price (PSF)	1880-1980

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Bukit Batok West Avenue 8 Land Parcel

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Sales Status

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Land Sales Type	Government Land Sales (GLS)
Land Sales Status	Tender closed on 8 Mar 2022
Successful Bidder / Developer	Qingjian Realty and Santarli Construction
Estimated No. of Units	About 375 residential units.
Project Website	Coming Soon

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Land Attributes

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Site Use	Residential
Tenure	99 Years
Site Area (sqm)	12,449.3
Site GFA (sqm)	37,348
Reserve Price ($m)	-
Highest bid ($m)	266
Highest bid ($psf)	662
Development Charge ($m)	-
Number of bids	9
Est. Breakeven ($psf ppr)	1134
Est. Selling Price (PSF)	1200-1300

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32 -34 Gilstead Road (Enbloc)

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Sales Status

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Land Sales Type	Enbloc
Land Sales Status	Tender closed on 7 Feb 2022
Successful Bidder / Developer	Peak Vista (Kheng Leong Co.)
Estimated No. of Units	56 Units
Project Website	Coming Soon

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Land Attributes

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Site Use	Residential
Tenure	Freehold
Site Area (sqm)	4,037.3
Site GFA (sqm)	5,652.2
Reserve Price ($m)	-
Highest bid ($m)	70.0
Highest bid ($psf)	1643
Number of bids	-
Est. Breakeven ($psf ppr)	1864
Est. Selling Price ($psf ppr)	2200-2300

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Gloria Mansion (Enbloc)

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Sales Status

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Land Sales Type	Enbloc
Land Sales Status	Tender closed on 19 Jan 2022
Successful Bidder / Developer	Fraxtor Capital and a group led by Daniel Teo and Teo Teck Weng
Estimated No. of Units	59 Units
Project Website	Coming Soon

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Land Attributes

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Site Use	Residential
Tenure	FH
Site Area (sqm)	4,037.3
Site GFA (sqm)	5,652.2
Reserve Price ($m)	-
Highest bid ($m)	70
Highest bid ($psf)	1643
Development Charge ($m)	-
Number of bids	-
Est. Breakeven ($psf ppr)	1864
Est. Selling Price (PSF)	2200-2300

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Jalan Tembusu (Land Parcel)

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Sales Status

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Land Sales Type	Government Land Sales (GLS)
Land Sales Status	Tender closed on 18 Jan 2022
Successful Bidder / Developer	City Developments Ltd
Estimated No. of Units	Est. 640 private residential units
Project Website	Coming Soon

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Land Attributes

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Site Use	Residential
Tenure	99 Years
Site Area (sqm)	19560.1
Site GFA (sqm)	54,768.3
Reserve Price ($m)	-
Highest bid ($m)	768
Highest bid ($psf)	1302
Development Charge ($m)	-
Number of bids	8
Est. Breakeven ($psf ppr)	2059
Est. Selling Price (PSF)	2300-2400

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Lentor Hills Road (Parcel A)

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Sales Status

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Land Sales Type	Government Land Sales
Land Sales Status	Tender closed on 18 Jan 2022
Successful Bidder / Developer	Hong Leong Holdings, GuocoLand and TID
Estimated No. of Units	Est. 595 residential units
Project Website	Coming Soon

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Land Attributes

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Site Use	Residential
Tenure	99 Years
Site Area (sqm)	17,130.5
Site GFA (sqm)	51,391.6
Reserve Price ($m)	-
Highest bid ($m)	586.6
Highest bid ($psf)	1060.4
Development Charge ($m)	-
Number of bids	4
Est. Breakeven ($psf ppr)	1749
Est. Selling Price (PSF)	2100-2200

[/vc_column_text][/vc_column][/vc_row][vc_row][vc_column][vc_empty_space][vc_column_text][content_block id=12984][/vc_column_text][vc_empty_space][/vc_column][/vc_row][vc_row][vc_column][vc_empty_space][vc_column_text][content_block id=12975][/vc_column_text][vc_empty_space][/vc_column][/vc_row][vc_row][vc_column][vc_empty_space][vc_column_text][content_block id=12986][/vc_column_text][vc_empty_space][/vc_column][/vc_row][vc_row][vc_column][vc_empty_space][vc_column_text][content_block id=12980][/vc_column_text][vc_empty_space][/vc_column][/vc_row][vc_row][vc_column][vc_cta h2="Get updated on the development of these New Land" add_button="right" btn_title="Get Updated Now" btn_color="danger" btn_custom_onclick="true" btn_el_class="ncf_trigger_element"]Simply click the button on the Right.[/vc_cta][/vc_column][/vc_row]

Singapore Property developer FEO will preview Amber Sea on Oct 09

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On Oct 09, Far East Organization will be launching Amber Seas at Amber Gardens. The Freehold property that spans 40,918.27 square feet (sq ft) is in District 15, and is a 7-minute walk from upcoming Tanjong Katong MRT station.

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Amber Sea is a freehold development that sits within the quaint residential enclave along Amber Road, in the prime vicinity of Singapore’s East Coast. Stay close to an array of dining, shopping and recreational amenities. You are also just minutes from the upcoming Tanjong Katong MRT Station.

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Embrace everyday moments; enjoy the evening breeze at East Coast Park, or take a slow walk along the charming shophouses at Katong.

Retreat from busy city life in this development that is designed to reflect the unique personality of the precinct.

Developed by Far East Organization, Amber Seas comprises one residential towers of 19 storeys.

Its 132 units comprise one- to five-bedroom apartments, with a starting price of S$1,100,000 for one-bedroom units. Ranging from 398 sq ft (for a one-bedroom unit) to 4,133 sq ft (five-bedroom ground Duplex).[/vc_column_text][vc_btn title="Whatsapp For More Information" color="pink" align="center" link="url:https%3A%2F%2Fapi.whatsapp.com%2Fsend%3Fphone%3D6591259978%26text%3DHi%2C%2520I%2520am%2520interested%2520on%2520Amber%2520Sea|title:Access|target:_blank"][vc_column_text][content_block id=12982][/vc_column_text][vc_single_image image="14869" img_size="full" alignment="center"][vc_empty_space height="8px"][vc_column_text][content_block id=12984][/vc_column_text][vc_column_text]PROJECT HIGHLIGHTS

•7 mins’ walk to upcoming Tanjong Katong MRT Station

• 10 mins’ walk to East Coast Park

• 5 - 10 Mins’ walk to Katong V, Parkway Parade and i12 Katong

• Canadian international school, Dunman high school, Chung cheng high school, CHIJ (katong) primary school, Tao nan primary school[/vc_column_text][vc_empty_space height="8px"][vc_column_text]PRICE GUIDE


1 Bedroom (398Sqft- 409Sqft) From $1.1M
2 Bedroom (603Sqft - 624Sqft) From $1.6M
2 Bedroom Premium (614Sqft - 840Sqft) From $1.7M
3 Bedroom (1109Sqft - 1216Sqft) From $2.9M[/vc_column_text][vc_column_text][content_block id=12987][/vc_column_text][vc_single_image image="14975" img_size="full" alignment="center"][vc_empty_space height="8px"][vc_column_text][content_block id=12975][/vc_column_text][vc_single_image image="14971" img_size="full" alignment="center"][vc_column_text][content_block id=12986][/vc_column_text][/vc_column][/vc_row][vc_row][vc_column][vc_btn title="Learn More" color="pink" align="center" link="url:https%3A%2F%2Fwww.propertyfactsheet.com%2Fproperties%2Fwatergardens-at-canberra%2F|title:Access|target:_blank"][/vc_column][/vc_row][vc_row][vc_column][vc_video link="https://youtu.be/DqdEZMLQk1w" align="center"][/vc_column][/vc_row]

Huttons’ comments on August 2021 developer’s sales

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Developers launched 836 units and sold 1,215 units in August 2021. Sales in August 2021 was 23.6% lower than July 2021 and 3.4% lower than a year ago. Despite the Lunar Seventh Month from Aug 8, developers sold more than 1,000 units, even better than the Lunar Seventh Month a year ago. Buyers are probably less concerned about committing to a home purchase during the Seventh Month nowadays.

[/vc_column_text][vc_column_text][content_block id=12977][/vc_column_text][vc_empty_space height="8px"][vc_column_text]Comparison of developer sales during Lunar Seventh Month[/vc_column_text][vc_single_image image="14950" img_size="full" add_caption="yes" alignment="center"][vc_column_text]* sales as at 5 Sep 2021[/vc_column_text][vc_column_text][content_block id=12980][/vc_column_text][vc_empty_space height="8px"][vc_column_text]47.5% of the transactions in August are priced below $1.5 million, 28.4% are between $1.5 million to $2 million and 24.1% above $2 million. The average price paid for a unit in August was $1.77 million. 85.4% of purchases are by Singaporeans with PRs and foreigners making up 10.5% and 4.1%, respectively.[/vc_column_text][vc_column_text][content_block id=12982][/vc_column_text][vc_empty_space height="8px"][vc_column_text]Table 1: Purchases by Residential Status and Price Range in August[/vc_column_text][vc_single_image image="14951" img_size="full" add_caption="yes" alignment="center"][vc_column_text][content_block id=12984][/vc_column_text][vc_empty_space height="8px"][vc_column_text]Seven of the top 10 best-selling projects in August are in the Outside Central Region (OCR). The OCR accounted for 59.3% of the total sales in August. The second launch in the OCR in 2021, The Watergardens at Canberra sold 59.6% of its units in August, supported by the large upgrading demand from the HDB market.[/vc_column_text][vc_column_text][content_block id=12987][/vc_column_text][vc_empty_space height="8px"][vc_column_text]It is rumoured that an investment fund bought nine units at the recently completed Martin Modern in August. Wealth is coming into the Singapore residential market seeking opportunities.[/vc_column_text][vc_column_text][content_block id=12975][/vc_column_text][vc_empty_space height="8px"][vc_column_text]The top ten private residential projects for August 2021 are:[/vc_column_text][vc_single_image image="14952" img_size="full" add_caption="yes" alignment="center"][vc_column_text][content_block id=12986][/vc_column_text][vc_empty_space height="8px"][vc_column_text]In September, there will be two launches, Bartley Vue and Jervois Mansion. Bartley Vue is estimated to have moved 30% of its units. In the absence of larger launches, sales in September are estimated to be around 700 to 800 units.[/vc_column_text][vc_column_text]The last quarter of 2021 will see more launches lined up – Amber Sea, Belgravia Ace, Cairnhill 16, Canninghill Piers, Mori, Perfect 10 and The Commodore. The market will likely end the year on a high of around 12,000 new sales.[/vc_column_text][/vc_column][/vc_row]

Huttons’ comments on July 2021 developer’s sales

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Developers launched 1,104 units and sold 1,589 units in July 2021. Sales in July 2021 was 82.2% higher than June 2021 and 46.7% higher than a year ago. This is the second highest monthly sales in 2021 and is only 2.7% lower than January 2021. However in January 2021, there were two major launches compared to one in July 2021.

[/vc_column_text][vc_column_text][content_block id=12977][/vc_column_text][vc_empty_space height="8px"][vc_column_text]49.6% of the transactions in June are priced below $1.5 million, 28.9% are between $1.5 million to $2 million and 21.5% above $2 million. The average price paid for a unit in July was $1.7 million. 86.3% of purchases are by Singaporeans with PRs and foreigners making up 9.4% and 4.2%, respectively.[/vc_column_text][vc_column_text][content_block id=12980][/vc_column_text][vc_empty_space height="8px"][vc_column_text]There were considerably more purchases by Singaporeans in July (86.3%) compared to June (81.8%). This is probably due to the launch of Pasir Ris 8 which is located in the Outside Central Region where the demand is predominantly HDB upgraders. There are more than 6,000 flats in Pasir Ris and Tampines which were completed from 2014 to 2016 and has met the 5-year minimum occupation period thus eligible to upgrade.[/vc_column_text][vc_column_text][content_block id=12982][/vc_column_text][vc_empty_space height="8px"][vc_column_text]Table 1: Purchases by Residential Status and Price Range in July[/vc_column_text][vc_single_image image="14883" img_size="full" add_caption="yes" alignment="center"][vc_column_text][content_block id=12984][/vc_column_text][vc_empty_space height="8px"][vc_column_text]Table 2: Purchases by Residential Status and Price Range in June[/vc_column_text][vc_single_image image="14539" img_size="full" add_caption="yes" alignment="center"][vc_column_text][content_block id=12987][/vc_column_text][vc_empty_space height="8px"][vc_column_text]Seven of the top 10 best-selling projects in July are in the Outside Central Region (OCR). The OCR accounted for 63.7% of the total sales in July. Being the first OCR launch in 2021, Pasir Ris 8 saw overwhelming demand and sold more than 85% of its units.[/vc_column_text][vc_column_text][content_block id=12975][/vc_column_text][vc_empty_space height="8px"][vc_column_text]The top ten private residential projects for July 2021 are:[/vc_column_text][vc_single_image image="14884" img_size="full" add_caption="yes" alignment="center"][vc_column_text][content_block id=12986][/vc_column_text][vc_empty_space height="8px"][vc_column_text]On the back of the successful launch of Pasir Ris 8, there was spillover demand to other integrated projects and projects even outside the vicinity. Based on caveats, 445 units were sold from July 25 to July 31, much higher than sales in the first two weeks of July where 404 units were transacted. A sample of ten projects showed that their sales in July doubled from June on average.[/vc_column_text][vc_single_image image="14885" img_size="full" add_caption="yes" alignment="center"][vc_column_text]Despite the lunar seventh month in August, developers are likely to push ahead with their launch to ride on the positive momentum. The Watergardens at Canberra and Klimt Cairnhill will open for preview sales in August. August is likely to be another month where developer’s sales cross the 1000-unit mark. This will whittle down the unsold stock in the market to even lower levels setting the stage for sustained price growth in the months ahead.[/vc_column_text][/vc_column][/vc_row]

Happy 56th Birthday to Singapore!

[vc_row][vc_column][vc_single_image image="14800" img_size="full" alignment="center"][vc_empty_space][vc_column_text]Wishing everyone a Happy National Day. Let’s all stay safe while celebrating the holiday. Majulah Singapura![/vc_column_text][vc_column_text][content_block id=12977][/vc_column_text][vc_empty_space height="8px"][vc_column_text]

#HuttonsGroup #TheAgencyOfChoice #OneUnitedHuttons #NationalDay #MajulahSingapura #Propertyfactsheet #SingaporePropertyAdvisors

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Qu Yuan lived during the time of China‘s first feudal dynasties and supported the decision to fight against the powerful state. Though his actions led to his exile, he wrote in order to show his love for the country. Legend has it that Qu Yuan felt such remorse after the capture of his country’s capital that, after finishing his final poem, he waded into the Mi Lo River in today’s Hunan province as a form of protest and despair to the corruption surrounding him.

Upon hearing news of this tragic attempt, villagers took boats and carried dumplings to the middle of the river to try and save Qu Yuan, but their efforts were in vain. They turned to beating drums, splashing water with their paddles and throwing the rice dumplings into the water – serving as both an offering to Qu Yuan’s spirit, as well as a means to keep the fish and evil spirits away from his body. These rice dumplings became the zongzi we know today, while the search for Qu Yuan’s body became the intense dragon boat races.

[/vc_column_text][vc_empty_space height="8px"][vc_column_text][content_block id=12982][/vc_column_text][vc_column_text]Now, dragon boat races and other activities are held annually during this festive time. Thousands of competitors and supporters attend the various race days to take part in the festivities, parades and entertainment events.

The canoes take the form of a traditional Chinese dragon, often painted in fierce vibrant colors that are reminiscent of the old war canoes. The team on board will work together to steer the boat to the finish line as fast as possible, while a member sits at the front and beats a drum to maintain morale and ensure the rowers keep pace and time.[/vc_column_text][vc_empty_space height="8px"][vc_column_text][content_block id=12984][/vc_column_text][vc_column_text]Wishing you a Happy Dragon Boat Festival :) [/vc_column_text][vc_empty_space height="8px"][vc_column_text][content_block id=12987][/vc_column_text][/vc_column][/vc_row][vc_row disable_element="yes"][vc_column][vc_empty_space height="8px"][vc_column_text][content_block id=12975][/vc_column_text][vc_column_text]A comparison between Circuit Breaker and Current Restrictions[/vc_column_text][vc_empty_space height="8px"][vc_single_image image="13431" img_size="full" add_caption="yes" alignment="center"][vc_column_text][content_block id=12986][/vc_column_text][vc_column_text]In July, there may be up to five launches – Klimt Cairnhill, Pasir Ris 8, Perfect Ten, The Watergardens at Canberra and Parc Greenwich (EC). Assuming that all goes well and activities return to Phase Three, sales activities will be back to its normal trajectory of 800 to 1,000 units per month.[/vc_column_text][vc_column_text]Launches in 2H 2021[/vc_column_text][vc_single_image image="13432" img_size="full" add_caption="yes" alignment="center"][/vc_column][/vc_row]

Investment Opportunities during Rising Market in the Central Region 升温市场核心区域的投资良机

[vc_row][vc_column][vc_single_image image="14763" img_size="full" alignment="center"][/vc_column][/vc_row][vc_row][vc_column][vc_column_text]“新加波房市下半年展望和机遇”

发言者 ：孙谨 和 黄俊立

日期 : 8月11日（星期三）
时间 : 晚上8点至9点
地点 : 回复来索取 ZOOM Link 和 Password[/vc_column_text][/vc_column][/vc_row][vc_row][vc_column][vc_column_text][content_block id=12977][/vc_column_text][/vc_column][/vc_row][vc_row][vc_column][vc_single_image image="13707" img_size="full" alignment="center"][/vc_column][/vc_row][vc_row][vc_column][vc_cta h2="有兴趣吗 ?" add_button="right" btn_title="Register Now" btn_color="pink" btn_el_class="ncf_trigger_element"]点击来联系[/vc_cta][/vc_column][/vc_row][vc_row][vc_column][vc_column_text][content_block id=12980][/vc_column_text][/vc_column][/vc_row][vc_row][vc_column][vc_column_text]合登华享即将举办线上研讨会，本次活动将探讨核心区域的情况，以及有哪些投资良机。[/vc_column_text][/vc_column][/vc_row][vc_row][vc_column][vc_column_text][content_block id=12982][/vc_column_text][/vc_column][/vc_row][vc_row][vc_column][vc_column_text]

有意参与这项活动的贵宾请与我联系，以便为您做登记。由于主办方使用Zoom平台，贵宾须登录此软件方可参与。

[/vc_column_text][/vc_column][/vc_row][vc_row][vc_column][vc_column_text][content_block id=12984][/vc_column_text][/vc_column][/vc_row][vc_row disable_element="yes"][vc_column][vc_column_text]Feature Project :

Pasir Ris 8

• 🎥 A Mega Blockbuster Launch Previewing Soon!

• 🌇 The 1st Fully Integrated Development in Pasir Ris!

• 🌆 Offering the Best of Both Worlds in Convenience & Connectivity
• ⭐You’ll be hard-pressed to find anything else that’s superior!⭐

More Information at https://www.propertyfactsheet.com/properties/pasir-ris-8/[/vc_column_text][/vc_column][/vc_row]