Real Estate

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A Row of SHOPHOUSES @ Peck Seah Street for SALES.

6 similar shophouses in a row at the Peck Seah Street has been put up for sale by expression of interest at an estimate price of $57.8 million. The show price for the spaces occupying from 48 to 56 Peck Seah Street translates to $2,900 square per feet on the real total floor area of 19,938 square feet reference from the sellers of the property.

The shophouses have a 33-metre wide major road at the front and are with walking distance to the Tanjong Pagar MRT station. The property is owned by a Private Equity Fund.

Experts affirm that the building was reconstructed at the cost of $2 million in September 2015. The property are located at three different land spaces having a gross land area of 8,213 square feet.

The land was designated as a business area in the Chinatown Historic District Conservation Area (in Tanjong Pagar) base on 2014 Master Plan

*Base on Reliable Resources.
Aritist Impression Overview1

Here’s you get some of the latest Project Available in the Markets and some News Update & Articles from various reliable sources.


Singapore Property Market Trends and Outlook

Take a close look at  Singapore property market trends and learn when the key drivers of the property cycle typically peak in the past and the resultant impact on property prices as well as to have a better understanding of  what might lie ahead for our property market.

Release of 2nd Quarter 2016 real estate statistics

Published Date: 22 Jul 2016

Source : URA

The Urban Redevelopment Authority (URA) released today the real estate statistics for 2nd quarter 2016.1


Private residential market at a glance:

Private Residentail Market at a Glance Q2 2016

Property Price Index of private residential properties

Property Price Index of Private Residential Properties Q2 2016

Price Decline/Drop Table Comparison

Description Qtr 1 Qtr 2
Price of Landed Properties -1.10% -1.50%
Price of Non-Landed properties -0.60% -0.10%
Price of Non-Landed properties(OCR) -0.50% -1.30%
Price of Non-Landed properties(RCR) 0.20%
Price of Non-Landed properties(CCR) 0.30% 0.30%

Retail market at a glance:

Retail Market at a Glance 2016

Retail Prices & Rentals

Description Qtr 1 Qtr 2
Price of Retail Space -3.90% -3.10%
Price of Retail Rental -1.90% -3.90%

Pipeline Supply of Office Space

Pipeline Supply of Office Space Q2 2016 Update

Retail Prices & Rentals
Description Qtr 1 Qtr 2
Price of Retail Space -3.90% -3.10%
Price of Retail Rental -1.90% -3.90%

Release of 1st Quarter 2014 real estate statistics


Published Date: 25 Apr 2014

The Urban Redevelopment Authority (URA) released today the real estate statistics for 1st Quarter 20141.


Prices and Rentals

Prices of private residential properties decreased by 1.3% in 1st Quarter 2014, following the 0.9% decline in the previous quarter.
Price decline was observed across all segments of the private residential property market. Prices of non-landed properties in the Core Central Region (CCR) declined by 1.1%, following the 2.1% decrease in the previous quarter. In Outside Central Region (OCR), prices declined by 0.1%, following the 1.0% decline in the previous quarter. Prices in the Rest of Central Region (RCR) declined 3.3%, after registering a marginal 0.4% increase in the previous quarter.

Release of 1st Quarter 2014 real estate statistics


Property Price Index by Type of Property


Supply in the Pipeline

There are about 105,000 private housing and EC units in the overall pipeline supply.
Based on expected completion dates reported by developers, 14,985 units (including ECs) will be completed in the remaining three quarters of 2014.  Overall, 19,505 units will be completed in 2014. Another 24,592 units (including ECs) are expected to be completed in 2015. In comparison, about 14,400 units were completed in 2013.
Stock and Vacancy
The stock of completed private residential units (excluding ECs) increased by 3,913 units in 1st Quarter 2014. The vacancy rate of completed private residential units (excluding ECs) increased from 6.2% at the end of 4th Quarter 2013 to 6.6% at the end of 1st Quarter 2014.

Sources: Saturday, 14 Jun 2014(ST)

Homes sold as leasehold tenures on freehold sites

Uncommon approach to selling The Shore Residences has pros and cons
Owners of The Shore Residences may be unaware that they are part of a small group to have bought units sold with leasehold tenures, though the developer owns a freehold land title.
The 408 units condominium in Marine Parade got its temporary occupation permit in January.
Its developer Far East Organization in 2009 took the rare step of selling units with a 103-year lease even though the land is freehold – a scarce commodity in Singapore.
the shore residences
Experts say the move allows a developer to retain the freehold land for redevelopment later, rather than selling away the title.
Experts estimated that freehold home could command a premium of about 15 to 20 per cent over similar leasehold units, so developers who sell such homes do not get the land’s full value. The units are more affordable, as a result.
As younger buyers become more receptive to properties with shorter leases, these units are attractive their lower prices means a higher rental yield compare with freehold units.
But buying such a property could become thorny, noted Century 21 chief executive Ku Swee Yong, as any eventual en bloc sale requires the land owner’s consent. Even if  green light is given, he is not obliged to extend the tenure, and the fees require to do so would be at his discretion.
Such development strategy is preferred by family-owned businesses, who are less concerned with delivering results to share-holders, as opposed to listed firms. They can possess freehold land through collective sales or in-heritance.

EC (Executive Condominium) Market Trend

4th Quarter 2013 Private Residential Units and Executive Condominiums Statistics

(Source: from URA)

URA Statistics Q4 2013

Note: 13,150 private residential units and 1,253 executive condominiums were completed
(i.e. obtained TOP) in 2013.

URA 2013 Statistics chart

1. Pipeline supply figures as shown above refer to new development and redevelopment projects with planningapprovals (i.e. Provisional Permission, Written Permission).
2. In addition, there is also a potential supply of 10,940 units from awarded Government Land Sales (GLS) sites thathave not been granted planning approvals yet as at 4Q2013, as well as Confirmed List sites from the 2H2013and 1H2014 GLS Programmes that have not been awarded yet.