Real Estate Direct Investment Sam Baker SRX Property 2 0 1 7
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SRX Private Condo Price Index 3
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2016 Top 10 Private Non-Landed New Sale 2016 District Project Developer Total Unit Volume Average Price Lowest PSF Average PSF Highest PSF D22 LAKE GRANDE MCL Land 710 557 $992,000 $1,173 $1,360 $1,541 D23 WANDERVALE SIM LIAN GROUP 534 527 $828,000 $678 $760 $836 D19 TREASURE CREST SIM LIAN GROUP 504 508 $832,000 $670 $744 $815 D23 SOL ACRES MCL Land 1,327 432 $766,000 $708 $790 $877 D19 FOREST WOODS CDL 519 389 $1,086,000 $1,176 $1,408 $1,529 D19 THE TERRACE Kheng Leong Co 747 378 $887,000 $727 $790 $904 D18 THE ALPS RESIDENCES MCL Land 626 367 $714,000 $980 $1,078 $1,208 D27 THE VISIONAIRE Qingjian Realty 632 332 $870,000 $720 $811 $883 D12 GEM RESIDENCES Evia Real Estate 578 322 $907,000 $1,262 $1,426 $1,544 D13 THE POIZ RESIDENCES MCL Land 731 304 $1,027,000 $983 $1,422 $1,572 Private Non-Landed Resale 2016 District Project Developer TOP date Total Unit Volume Average Price Lowest PSF Average PSF D9 OUE TWIN PEAKS Cove Development Pte Ltd 2015 462 233 $2,265,000 $2,100 $2,647 $3,130 D10 D'LEEDON Capitaland 2014 1,715 119 $2,304,000 $811 $1,554 $2,020 D4 THE INTERLACE Ankerite Pte Ltd 2013 1,040 111 $2,341,000 $645 $1,062 $1,375 D27 THE ESTUARY MCL Land 2013 608 60 $900,000 $711 $937 $1,170 D4 SKYLINE RESIDENCES Bukit Sembawang 2015 283 39 $1,751,000 $1,641 $1,892 $2,312 D4 CARIBBEAN AT KEPPEL BAY Highest PSF Keppel Land 2004-39 $2,071,000 $966 $1,453 $1,775 D15 THE SEA VIEW Wheelock Properties 2008 546 38 $1,848,000 $1,484 $1,589 $1,840 D15 THE MEYERISE Hong Leong Holdings Limited 2014 239 37 $2,256,000 $1,499 $1,920 $2,259 D16 THE BAYSHORE Far East Organization 1996-33 $988,000 $815 $904 $1,018 D19 THE QUARTZ GuocoLand Limited 2009 625 32 $1,084,000 $717 $917 $1,004 8
2016 Top 10 Private Landed-Terrace House Resale 2016 District Project Average Price Lowest PSF Average PSF Highest PSF Volume D19 SERANGOON GARDEN ESTATE $2,995,000 $873 $1,155 $1,663 40 D15 OPERA ESTATE $2,208,000 $747 $1,205 $1,889 21 D20 SEMBAWANG HILLS ESTATE $2,434,000 $758 $1,091 $1,525 21 D23 VILLA VERDE $1,573,000 $680 $845 $972 16 D27 THE SHAUGHNESSY $1,413,000 $337 $422 $466 15 D27 AVANT PARC $2,328,000 $892 $1,117 $1,368 14 D13 SENNETT ESTATE $2,090,000 $534 $1,205 $1,712 13 D27 SPRINGHILL $1,402,000 $432 $469 $489 13 D17 LOYANG VILLAS $1,520,000 $582 $762 $960 12 D20 THOMSON GARDEN ESTATE $1,583,000 $805 $1,385 $1,643 10 Private Landed-Semi-Detached Resale 2016 District Project Average Price Lowest PSF Average PSF Highest PSF Volume D19 SERANGOON GARDEN ESTATE $3,839,000 $664 $1,156 $1,659 19 D28 SELETAR HILLS ESTATE $3,242,000 $733 $915 $1,234 13 D15 FRANKEL ESTATE $5,164,000 $952 $1,254 $1,769 13 D13 SENNETT ESTATE $3,916,000 $845 $1,002 $1,260 5 D10 BAN GUAN PARK $5,616,000 $1,417 $1,517 $1,728 5 D27 SEMBAWANG SPRINGS ESTATE $3,109,000 $690 $936 $1,183 5 D26 POETS VILLAS $2,015,000 $548 $589 $610 4 D26 SPRINGLEAF GARDEN $3,295,000 $758 $859 $967 4 D22 WESTVILLE $1,535,000 $683 $706 $744 4 D17 BUKIT LOYANG ESTATE $2,740,000 $697 $748 $802 3 9
2016 Top 10 Private Landed-Detached Resale 2016 District Project Average Price Lowest PSF Average PSF Highest PSF Volume D15 FRANKEL ESTATE $7,556,000 $772 $1,119 $1,775 11 D15 Branksome Road $11,435,000 $1,143 $1,702 $2,101 9 D28 SELETAR HILLS ESTATE $7,168,000 $868 $1,080 $1,372 6 D11 DUNEARN ESTATE $11,503,000 $1,290 $1,576 $1,801 6 D19 SERANGOON GARDEN ESTATE $4,553,000 $791 $1,060 $1,468 6 D15 SEVEN CRESCENT $3,600,000 $776 $776 $776 5 D10 MT SINAI RESIDENCES $4,104,000 $657 $661 $664 4 D10 SHAMROCK PARK $11,500,000 $1,190 $1,322 $1,461 3 D15 GOODMAN CREST $3,492,000 $627 $650 $691 3 D15 Wilkinson Road $20,369,000 $1,136 $1,156 $1,170 3 10
Volume % Increase Resale Non-Landed Private Volume by Districts Non-landed Private Resale Volume & Change By Districts 1200 1000 800 11.1% 85.2% 48.8% 27.0% 31.8% 15.5% 20.0% 0.7% 5.0% -7.8% 11.7% 67.5% 43.7% 24.6% 5.0% 11.9% 22.6% 8.4% 0.0%0.0% -10.2% 67.5% -5.8% 43.9% 16.2% -9.7% 100.0% 50.0% 0.0% -50.0% 600-100.0% 400-150.0% -200.0% 200-250.0% 0 15 9 10 19 23 21 18 16 11 5 14 4 12 20 22 27 25 3 8 17 1 2 26 28 13 7 2015 2016 % Increase -300.0% Districts 11
Jurong West Sengkang Woodlands Tampines Bedok Yishun Hougang Choa Chu Kang Ang Mo Kio Punggol Bukit Batok Bukit Panjang Bukit Merah Kallang/Whampoa Pasir Ris Toa Payoh Geylang Sembawang Queenstown Clementi Jurong East Serangoon Bishan Central Area Marine Parade Bukit Timah Volume % Increase Resale HDB Volume by HDB Towns 2500 2000 1500 1000 500 0 HDB Resale Volume & Change By Towns 23.0% 46.1% 3.8% 21.8% 27.4% 8.7% 13.4% 12.0% 0.2% 1.7% 8.3% 4.9% 2.9% 11.7% -6.9% 1.0% 1.1% 3.8% -3.4% 10.0% 20.5% 5.3% 9.0% -12.7% 3.6% 68.6% 50.0% 0.0% -50.0% -100.0% -150.0% -200.0% -250.0% -300.0% HDB Towns 2015 2016 % Increase 12
Volume Commercial Transaction Volume 1,000 900 800 700 Commercial Transaction Volume 916 870 600 500 400 300 200 100 266 234 228 222 103 113 78 52 - Office Retail Shop House Warehouse Factory Commercial Property Type 2015 2016 13
Direct Investment Opportunities Market Economics Resale Value Uniqueness Value of Money 14
Price Index Income (S$) Economic Indicators Price Index vs. Per Capita GNI (Gross National Income) 250 75,000 200 150 179 154 139 207 206 207 195 170 175 150 146 189 168 165 165 138 136 136 74,000 73,000 72,000 71,000 69,283 70,000 100 69,000 67,481 67,462 68,000 50 67,000 65,327 65,884 66,000 0 2011 2012 2013 2014 2015 2016 Year 65,000 Per Capita GNI Condo/Apart Resale Landed Resale HDB Resale *Data source: SRX, Sing Stats 15
Thousands people Social Indicators 5,183.7 Population Distribution 5,312.4 5,399.2 5,469.7 5,535.0 5,607.3 6,000 5,000 3,257.2 3,285.1 3,313.5 3,343.0 3,375.0 3,408.9 4,000 3,000 1,394.4 1,494.2 1,554.4 1,599.0 1,632.3 1,673.7 532.0 533.1 531.2 527.7 527.7 524.6 2,000 1,000 2011 2012 2013 2014 2015 2016 Population Citizens PRs Foreigners Year 0 16
Thousands Social Indicators Family Creations 30,000 27,258 27,936 26,254 28,407 28,322 25,000 20,000 15,000 10,000 7,604 7,237 7,525 7,307 7,522 5,000 1146.2 1152.0 1174.5 1200.0 1225.3 0 2011 2012 2013 2014 2015 Year Resident Households Total Marriages Total Divorces & Annualments 17
Sales to Foreigners by Nationality, 2016 United Kingdom 2% Australia 2% Taiwan 2% Philippines 1% Vietnam 1% USA 4% Indonesia 12% China 35% India 12% Malaysia 29% 18
Volume Trends in Chinese Buying Transaction Volume: Foreign Nationals vs. Chinese Nationals (2006-2016) 12000 10000 8000 6000 4000 2000 0 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 Total Transaction Volume by All Foreign Nationals Transaction Volume by Chinese Nationals 19
Your Neighborhood 20
Days on Market Price Spread HDB Days on Market (DOM) HDB Median DOM and Median Price Spread 120 8.00% 100 7.00% 80 6.00% 5.00% 60 4.00% 40 20 3.00% 2.00% 1.00% 0 0.00% Median Days on Market Median Price Spread 21
Days on Market Price Spread Condos Days-on-Market (DOM) NLP Median DOM and Median Price Spread 200 180 160 140 120 100 80 60 40 20 0 10.00% 9.00% 8.00% 7.00% 6.00% 5.00% 4.00% 3.00% 2.00% 1.00% 0.00% Median Days on Market Median Price Spread 22
2016 Government Land Sales 2016 1H and 2H Land Sales No. Address Developer Site Area (sq m) Tender Price (S$) 2016 1H Land Sales 1 Siglap Road FCL Topaz Pte. Ltd., Sekisui House, Ltd. and KH Capital Pte. Ltd. 19,309.6 $624,180,000 2 New Upper Changi Road / Bedok South Avenue 3 CEL Residential Development Pte. Ltd. 24,394.0 $419,380,000 3 Yio Chu Kang Road Hoi Hup Realty Pte Ltd 18,422.9 $183,800,000 4 Jalan Kandis Dillenia Land Pte. Ltd. 7,045.6 $51,070,228 5 Bukit Batok West Avenue 6 Qingjian Realty (BBR) Pte Ltd. and Qingjian Realty (BBC) Pte Ltd. 14,696.7 $301,160,000 2016 2H Land Sales 6 Martin Place First Bedok Land Pte Ltd 15,936.1 $595,100,000 7 Anchorvale Lane 8 Fernvale Road Hoi Hup Realty Pte Ltd and Sunway Developments Pte Ltd Sing Development (Private) Limited and Wee Hur Development Pte. Ltd. 21,014.6 $240,950,000 17,195.9 $287,100,000 9 Central Boulevard Wealthy Link Pte Ltd 10,868.7 $2,568,686,688 10 Margaret Drive MCL Land (Regency) Pte. Ltd. 4,809.8 $238,390,301 23
2017 Upcoming Government Land Sales 2017 Upcoming Land Sales No Address Land Use Site Area (Ha) Gross Plot Ratio Estimated Housing Units Estimated Commercial Space (sq m) Sales Agent Estimated Launch Date Confirmed List 1 Toh Tuck Road Residential 1.87 1.4 325 - URA 17-Feb 2 Tampines Avenue 10 (Parcel C) Residential 2.17 2.8 715 - URA 17-Mar 3 Lorong 1 Realty Park Residential 1.31 Landed 50 - URA 17-Apr 4 Serangoon North Aveune 1 Residential 1.72 2.5 505 - URA 17-May 5 Woodleigh Lane Residential 1.96 3 735 - URA 17-May 6 Upper Serangoon Road Commercial & Residential 2.55 3.5 825 15,000 HDB 17-1Q Reserve List 1 Stirling Road Residential 2.11 4.2 1110 - URA Available 2 Bartley Road / Jalan Bunga Rampai Residential 0.47 2.1 115 - URA Available 3 Sumang Walk Executive Condominium 2.73 3.0 775 - HDB Available 4 Yishun Avenue 9 Residential 2.17 2.8 715 - URA 17-May 5 Owen Road Residential 1.38 3.5 605 - URA 17-Jun 6 Jiak Kim Street Residential 1.33 3.8 515 1,500 URA 17-Jun 7 Fourth Aveune Residential 2.02 1.8 455 - URA 17-Jun 8 Holland Road Commercial & Residential 2.30 2.6 570 13,500 URA Available 9 Beach Road Commercial 2.10 4.2-88,200 URA Available 10 Woodlands Square Commercial 2.24 3.5 275 54,880 URA Available 24
Units Take Up Rate % Units Take Up Rate % Units Take Up Rate % Units Take Up Rate % Take-Up Rates of New Condo Launches CCR RCR 25,000 20,000 15,000 10,000 5,000 0 2011 2012 2013 2014 2015 2016 70.0% 60.0% 50.0% 40.0% 30.0% 20.0% 10.0% 0.0% Year 25,000 20,000 15,000 10,000 5,000 0 2011 2012 2013 2014 2015 2016 90.0% 80.0% 70.0% 60.0% 50.0% 40.0% 30.0% 20.0% 10.0% 0.0% Year Units Sold Total Units Take Up Rate OCR EC (OCR) 50,000 40,000 30,000 20,000 10,000 100.0% 80.0% 60.0% 40.0% 20.0% 12,000 10,000 8,000 6,000 4,000 2,000 100.0% 80.0% 60.0% 40.0% 20.0% 0 2011 2012 2013 2014 2015 2016 0.0% Year - 2011 2012 2013 2014 2015 2016 0.0% Year Units Sold Total Units Take Up Rate Units Sold Total Units Take Up Rate 25
Units Take Up Rate % Units Take Up Rate % Units Take Up Rate % Take-up Rates of New Landed Launches CCR RCR 3,000 2,500 2,000 1,500 1,000 500 0 2011 2012 2013 2014 2015 2016 80.0% 70.0% 60.0% 50.0% 40.0% 30.0% 20.0% 10.0% 0.0% Year 2,000 1,800 1,600 1,400 1,200 1,000 800 600 400 200 0 2011 2012 2013 2014 2015 2016 90.0% 80.0% 70.0% 60.0% 50.0% 40.0% 30.0% 20.0% 10.0% 0.0% Year Units Sold Total Units Take Up Rate Units Sold Total Units Take Up Rate OCR 8,000 7,000 6,000 5,000 4,000 3,000 2,000 1,000 0 2011 2012 2013 2014 2015 2016 90.0% 80.0% 70.0% 60.0% 50.0% 40.0% 30.0% 20.0% 10.0% 0.0% Year Units Sold Total Units Take Up Rate 26
Condos Facing ABSD Deadlines in 2017 S/N Development Name ABSD Deadline Total No. of Units Unsold Units Take-up Rate 1 The Trilinq 2017 Q1 755 278 63.2% 2 Mon Jervois 2017 Q1 109 43 60.6% 3 eco 2017 Q1 748 7 99.1% 4 Kingsford Hillview Peak 2017 Q1 512 17 96.7% 5 Stratum 2017 Q2 380 14 96.3% 6 Vue 8 Residence 2017 Q2 463 71 84.7% 7 Pollen & Bleu 2017 Q2 106 93 12.3% 8 Sant Ritz 2017 Q3 214 9 95.8% 9 The Siena 2017 Q3 54 12 77.8% 10 The Venue Residences 2017 Q3 266 92 65.4% 11 The Crest 2017 Q3 469 323 31.1% 12 The Glades 2017 Q4 726 121 83.3% 13 Sky Vue 2017 Q4 694 12 98.3% 14 Alex Residences 2017 Q4 429 149 65.3% 27
Condos Facing QC Deadlines in 2017 S/N Development Name ABSD Deadline Total No. of Units Unsold Units Take-up Rate 1 Altez 2017 (2nd Year of Extension) 280 38 86.4% 2 Waterscape at Cavenagh * The list is not exhaustive 2017 (2nd Year of Extension) 200 51 74.5% 3 Starlight Suites 2017 (2nd Year of Extension) 105 31 70.5% 4 Concourse Skyline 2017 (2nd Year of Extension) 360 119 66.9% 5 Skysuites @ Anson 2017 (2nd Year of Extension) 360 134 62.8% 6 The Meyerise 2017 (2nd Year of Extension) 239 91 61.9% 7 Tomlinson Heights 2017 (2nd Year of Extension) 70 36 48.6% 8 Twentyone Angullia Park 2017 (2nd Year of Extension) 54 45 16.7% 9 Le Nouvel Ardmore 2017 (2nd Year of Extension) 43 39 9.3% 10 Ardmore Three 2017 (2nd Year of Extension) 84 80 4.8% 11 Skyline Residences 2017 283 47 83.4% 12 Sky Habitat 2017 509 135 73.5% 13 Robin Residences 2017 134 37 72.4% 14 Leedon Residences 2017 381 124 67.5% 15 RV Residences 2017 248 88 64.5% 16 Skyline @ Orchard Boulevard 2017 40 32 20.0% 28
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