Issue 281

Copyright 2011-2016 www.propwise.sg. All Rights Reserved.

CONTENTS

FROM THE

EDITOR

p2

5 Reasonably-Priced Condos Worth a Look

p8

Resale Property Transactions

Welcome to the 281st edition of the

Singapore Property Weekly.
Hope you like it!

(September 26 September 30)

Mr. Propwise

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SINGAPORE PROPERTY WEEKLY Issue 281

5 Reasonably-Priced Condos Worth a Look

By KK Tong (guest contributor)
Every now and then, we come across news
articles about HDB flats transacting at close
to, or even beyond the million-dollar mark.
For many of us, this amount is eye-boggling
as we would never have imagined that
government-subsidised housing can be sold
at such unbelievable prices. Some of us will
lament that with HDB being so expensive, we
may never be able to afford condominiums,
which usually cost more as they come with
facilities. But fret not, because these
transactions are uncommon, which means
that condos are still within our reach.

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SINGAPORE PROPERTY WEEKLY Issue 281

Reasonably-priced condos do exist, and here,
we try to suss out some possible condos from
the different corners of Singapore for your
consideration, if you happen to be shopping
for a property. Our criteria are simple: 99-year
leasehold properties with a psf price not
exceeding $1000. Specifically, we will feature
2-bedroom units which should cater to the
average Singapore family of 3 or 4. Hope this
helps!

1. Westcove

Figure 1: Westcove Condominium

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This 234-unit development by Far East

Organisation is located in West Coast
Crescent. It was completed in 2000 and has
full facilities. 2-bedroom and 3-bedroom units
are available. The nearest MRT Station is
Clementi, which is 1.91 km away.
A recent caveat in August for a 1292 sf unit
was transacted at $990,000 ($766 psf).
Current asking prices for this condo start from
$800 psf.
2. Melville Park

Figure 2: Melville Park

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SINGAPORE PROPERTY WEEKLY Issue 281

Completed in 1996, this development of 1232
units is located in Simei Street 1. It offers full
condo facilities, and has its own shops and
eateries within the development. A project of
Melville Park Development Pt Ltd, 2-bedroom
and 3-bedroom units are available. The
nearest MRT Station is Simei, about 800
metres away.
Transactions in the second quarter of 2016
range from $720 to $760 psf. The most recent
transaction in August was a 958 sf unit which
went for $600,000 ($626 psf). Current asking
prices for this development begin from $680
psf.

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3.Compass Heights

Figure 3: Compass Heights

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SINGAPORE PROPERTY WEEKLY Issue 281

A Frasers Centrepoint Homes development,
Compass Heights is a 536-unit project
completed in 2003. It is located in Sengkang
Square in District 19, and is linked to the
Sengkang MRT Station, as well as Compass
Heights Shopping Mall. Studio units, as well
as 2-bedroom, 3-bedroom and 4-bedroom
units are available.

The most recent transaction in August was

$863 psf for a 1066sf unit. This translates to a
sale price of $920,000. Asking prices start
from $800 psf.

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4. Parc Vista

Figure 4: Parc Vista

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SINGAPORE PROPERTY WEEKLY Issue 281

In District 22, we have Parc Vista, a 638-unit
development completed in 2000. Located just
across Lakeside MRT Station, this project is
in the vicinity of the to-be-transformed Jurong
Lake District. A 2-bedroom unit (1076 sf) was
recently transacted at $863,888 ($803 psf).
Current asking prices start at $870 psf.
Compared to other developments in the
Lakeside vicinity, the transacted prices here
are definitely lower.

5. Seletar Springs Condo

Figure 5: Seletar Springs Condo

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SINGAPORE PROPERTY WEEKLY Issue 281

Developed by MCL Land, this 6-storied 364unit project was completed in 2001. It is
located in District 28 at Gerald Drive.
Available units range from studios to 2bedroom and 3-bedroom units. This low-rise
development is 1.74 km from Buangkok MRT
Station.
Transactions for the first half of 2016 range
from $660 to $730 psf. A recent transaction in
August went for $920,000 ($689 psf) for a
1335 sf unit. Current asking prices start from
$670 psf.

Back to Contents

Figure 6: Summary Table

The table in Figure 6 (as at 12 September
2016) gives a basic summary of these 5
condos. Do remember that asking prices are
typically higher than transacted prices. Happy
shopping!

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SINGAPORE PROPERTY WEEKLY Issue 281

Non-Landed Residential Resale Property Transactions for the Week of Sep 26 Sep 30
Postal
District
1
1
1
3
3
3
4
4
4
4
4
5
5
5
7
9
9
9
9
9
10
10
10

Project Name
THE CLIFT
THE SAIL @ MARINA BAY
THE SAIL @ MARINA BAY
ASCENTIA SKY
ASCENTIA SKY
ALESSANDREA
SKYLINE RESIDENCES
REFLECTIONS AT KEPPEL BAY
CARIBBEAN AT KEPPEL BAY
THE INTERLACE
TERESA VILLE
HERITAGE VIEW
THE PARC CONDOMINIUM
CARABELLE
THE BENCOOLEN
THE ORCHARD RESIDENCES
RIVERGATE
MARTIN PLACE RESIDENCES
BELLE VUE RESIDENCES
THE BOUTIQ
NASSIM PARK RESIDENCES
ARDMORE THREE
TOMLINSON HEIGHTS

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Area
(sqft)
527
883
893
1,475
1,475
1,098
1,292
1,528
1,216
2,056
1,959
969
1,302
947
1,184
2,174
2,088
1,044
2,239
1,582
3,175
1,744
4,047

Transacted
Price ($)
1,110,000
1,518,000
1,485,000
2,250,000
2,208,000
1,250,000
2,319,000
2,700,000
1,840,000
2,181,000
1,880,000
1,200,000
1,550,000
1,100,000
1,500,000
8,000,000
4,100,000
2,038,000
3,950,000
2,140,000
11,050,000
5,819,780
12,000,000

Price
Tenure
($ psf)
2,105
99
1,720
99
1,662
99
1,526
99
1,497
99
1,139 FH
1,795 FH
1,766
99
1,513
99
1,061
99
960
FH
1,239
99
1,190 FH
1,161 956
1,267
99
3,679
99
1,963 FH
1,952 FH
1,764 FH
1,352 FH
3,480 FH
3,337 FH
2,965 FH

Postal
District
10
10
10
10
10
10
10
10
10
10
10
11
11
11
11
11
11
11
11
12
12
13

Project Name
D'LEEDON
D'LEEDON
D'LEEDON
DUCHESS RESIDENCES
THE LEVELZ
ONE JERVOIS
BOTANIC GARDENS VIEW
VALLEY PARK
D'LEEDON
D'LEEDON
SIXTH AVENUE VILLE
TRILIGHT
PARK INFINIA AT WEE NAM
PARK INFINIA AT WEE NAM
NOVENA LODGE
MIRO
HILLS APARTMENT
368 THOMSON
NOVENA LODGE
THE CITRINE
PAPILLON
CLYDESWOOD

Area
(sqft)
635
635
635
1,485
980
1,733
1,259
1,216
1,927
2,260
1,259
1,195
1,582
1,690
969
1,345
3,186
1,722
969
1,324
1,787
1,173

Transacted
Price ($)
1,256,000
1,238,000
1,112,000
2,408,000
1,520,000
2,600,000
1,850,000
1,785,000
2,766,000
3,113,000
1,600,000
2,270,000
2,880,000
2,900,000
1,500,000
2,000,000
4,500,000
2,400,000
1,312,000
1,525,000
1,455,000
978,000

Price
Tenure
($ psf)
1,978
99
1,949
99
1,751
99
1,621 999
1,552 FH
1,500 FH
1,469 FH
1,468 999
1,436
99
1,377
99
1,270 FH
1,900 FH
1,820 FH
1,716 FH
1,548 FH
1,486 FH
1,412 FH
1,394 FH
1,354 FH
1,152 FH
814
FH
834
FH

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SINGAPORE PROPERTY WEEKLY Issue 281

Postal
District
14
14
15
15
15
15
15
15
15
15
16
18
18
18
18
18
19
19
19
19
19
19
21
21
21
21

Project Name
SUITES 28
GROSVENOR VIEW
THE SHORE RESIDENCES
THE SEA VIEW
THE SEA VIEW
THE ESTA
WATER PLACE
PARK EAST
CRESCENDO PARK
PEBBLE BAY
THE BAYSHORE
NV RESIDENCES
SEA ESTA
OASIS @ ELIAS
SAVANNAH CONDOPARK
TAMPINES COURT
PARK RESIDENCES KOVAN
TERRASSE
THE LUXURIE
A TREASURE TROVE
CASA ESPANIA
RIO VISTA
MAPLEWOODS
MAPLEWOODS
GARDENVISTA
MEADOWLODGE

Back to Contents

Area
(sqft)
431
990
1,141
1,216
1,647
1,001
1,281
1,722
1,302
1,098
1,238
506
1,119
1,216
1,227
1,690
355
893
883
1,206
1,668
1,249
2,917
1,787
872
1,345

Transacted
Price ($)
538,000
1,030,000
1,820,000
1,888,000
2,500,000
1,480,000
1,600,000
2,040,000
1,370,000
918,000
1,212,000
605,000
970,000
970,000
925,000
900,000
630,000
1,030,000
960,000
1,235,000
1,430,000
920,000
4,300,000
2,388,000
1,050,000
1,480,000

Price
Tenure
($ psf)
1,250 FH
1,040 FH
1,595 103
1,552 FH
1,518 FH
1,478 FH
1,249
99
1,185 FH
1,052 FH
836
99
979
99
1,196
99
866
99
797
99
754
99
533
101
1,774 FH
1,153
99
1,088
99
1,024
99
857
FH
737
99
1,474 FH
1,336 FH
1,204
99
1,100
99

Postal
District
21
22
22
23
23
23
23
23
26
26
27
27

Area
(sqft)
SPRINGDALE CONDOMINIUM 1,119
THE LAKESHORE
861
THE LAKESHORE
861
DAIRY FARM ESTATE
1,389
TREE HOUSE
1,152
ESPA
1,679
MAYSPRINGS
1,292
REGENT GROVE
1,195
THE CALROSE
926
SEASONS PARK
1,249
THE MILTONIA RESIDENCES
861
THE MILTONIA RESIDENCES
861
Project Name

Transacted
Price ($)
1,139,888
940,000
908,000
1,580,000
1,235,000
1,368,000
850,000
783,000
1,080,000
1,000,000
835,000
830,000

Price
Tenure
($ psf)
1,018 999
1,092
99
1,054
99
1,138
FH
1,072
99
815
999
658
99
655
99
1,167
FH
801
99
970
99
964
99

NOTE: This data only covers non-landed residential resale property

transactions with caveats lodged with the Singapore Land Authority.
Typically, caveats are lodged at least 2-3 weeks after a purchaser
signs an OTP, hence the lagged nature of the data.

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