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Welcome to the finale to the trilogy series on April property resale transactions. In this series we discuss the resale gains and losses during circuit breaker which were segmented into private condo, executive condo and landed property. If you aren't caught up with the first two, here are the links to the first and second article: 1. April private condo resale transactions, 2. April executive condo resale transactions. In this article, as you may have already guessed, is all about landed property, or more specifically terrace houses, semi-detached houses and detached houses.

 

The tables below are courtesy of URA Realis and depict all the sale transactions that have taken place in April. Whether these properties have made gains or losses through their sales, the data is a great way to measure up expectations when it comes to whether you should sell or buy. So take the time to look through the tables below and are yourself, ask these the prices you're looking to buy or sell at? 

(Source for all tables : URA Realis)

 

Terrace House - Resale Gains:

Address Area (sqf) Purchase Price ($) Purchase Date Transacted Price ($) Unit Price
($ psf)
Sale Date Gains (%) Annual Gains (%) Tenure Completion Date Postal District
XXX Sommerville Walk 1733 - - $ 3,638,000 $ 2,101 15-Apr-20 - - Freehold 2019 13
XXX Onan Road 1841 $ 2,450,000 Jan-18 $ 3,780,000 $ 2,056 22-Apr-20 54% 27% Freehold - 15
XX Mangis Road 1292 $ 1,850,000 Jun-18 $ 3,238,888 $ 2,503 1-Apr-20 75% 38% Freehold - 15
XXX Langsat Road 1776 - - $ 3,200,000 $ 1,803 13-Apr-20 - - Freehold - 15
XXX Langsat Road 2013 - - $ 2,475,000 $ 1,231 15-Apr-20 - - Freehold 2013 15
XXX Joo Chiat Avenue 1658 $ 2,100,000 Oct-11 $ 2,580,000 $ 1,552 22-Apr-20 23% 3% Freehold - 15
XX Swanage Road 2239 $ 1,550,000 May-08 $ 3,210,000 $ 1,434 24-Apr-20 107% 9% Freehold 1970 15
XX Metropole Drive 1744 $ 2,110,000 Jan-18 $ 3,540,000 $ 2,034 21-Apr-20 68% 34% Freehold - 15
XX Frankel Terrace 1593 $ 2,190,000 Jul-11 $ 2,650,000 $ 1,660 6-Apr-20 21% 2% Freehold 1957 15
XX Fidelio Street 1636 $ 1,150,000 Jul-08 $ 2,650,000 $ 1,625 14-Apr-20 130% 11% Freehold - 15
X Limau Walk 2540 - - $ 2,580,000 $ 1,015 2-Apr-20 - - Freehold 1985 16
X Eastwood Walk 3358 $ 1,660,000 Oct-96 $ 2,222,222 $ 663 6-Apr-20 34% 1% 99 Yrs From 07/04/1995 1997 16
XX Eden Grove 1873 $ 2,200,000 Aug-10 $ 3,100,000 $ 1,654 13-Apr-20 41% 4% Freehold - 19
XX Limbok Terrace 1701 $ 1,360,000 Mar-11 $ 1,660,000 $ 974 3-Apr-20 22% 2% 99 Yrs From 28/02/1996 1998 19
XX Chuan Hoe Avenue 2347 - - $ 2,325,000 $ 991 7-Apr-20 - - 999 Yrs From 14/02/1881 - 19
XX Sembawang Hills Drive 2153 $ 1,080,000 Dec-99 $ 2,550,000 $ 1,186 9-Apr-20 136% 6% Freehold - 20
XX Jalan Menarong 2002 - - $ 2,300,000 $ 1,149 8-Apr-20 - - Freehold - 20
XX Cedarwood Grove 2626 $ 950,000 Apr-06 $ 1,880,000 $ 717 20-Apr-20 98% 7% 99 Yrs From 01/09/1993 1996 25
XXX Springside Avenue 1711 $ 1,772,000 Apr-10 $ 2,860,000 $ 1,672 9-Apr-20 61% 6% Freehold 2010 26
XX Springside Avenue 2659 $ 1,480,000 Oct-03 $ 3,380,000 $ 1,274 6-Apr-20 128% 8% Freehold 2006 26
XX Stratton Drive 1970 $ 1,376,000 Dec-01 $ 2,688,888 $ 1,365 1-Apr-20 95% 5% Freehold 2003 28
XX Sunrise Place 2594 $ 1,800,000 Jun-95 $ 2,900,000 $ 1,118 15-Apr-20 61% 2% Freehold 1993 28

 

Read more: April landed property resale transactions

Last week we delved into April's private condo resale transactions where we covered how the sales of private condos have been affected by the circuit breaker and whether they have made gains or losses. If you have not checked out that article, you can find it here. This week, we are covering resale property prices for executive condos during circuit breaker. So if your HDB is reaching its Minimum Occupation Period (MOP) and/or you are thinking of buying an executive condo which is due to be “semi-privatised”, read on as we have included caveat data showing just that as well as transacted data in the month of April.

In the next article, we will explore landed properties’ April caveat, so make sure to look out for that!

(Source for all tables : URA Realis)

Following list are some Executive Condominiums crossing the 5year MOP, in 2020/ 2021:

Project Name Address TOP Postal District
Twin Waterfalls Punggol Walk 2015 19
Heron Bay Upper Serangoon View 2015 19
Waterwoods Punggol Field Walk 2015 19
1 Canberra Yishun Ave 7 2015 27
Citylife@Tampines Tampines Central 7 2016 18
Sea Horizon Pasir Ris Rise 2016 18
WaterBay Edgedale Plains 2016 19
Ecopolitan Punggol Walk 2016 19
Amore Edgedale Plains 2016 19
Lake life Tao Ching Road 2016 22
Twin Fountains Woodlands Ave 6 2016 25
Forestville Woodlands Drive 16 2016 26
SkyPark Residences Sembawang Crescent 2016 27
The Topiary Fernvale Lane 2016 28
Lush Acres Sengkang West Way 2016 28
Read more: April executive condo resale transactions

Recently, the Monetary Authority of Singapore (MAS), the Association of Banks in Singapore (ABS) and the Finance Houses Association of Singapore (FHAS) have announced additional measures to support individuals who are suffering financially due to the Covid-19 pandemic. On top of the measures already being taken such as residential mortgage deferment that we had mentioned in our first article, this second package of measures explores relief options to other types of loan commitments, allowing individuals to continue to have access to affordable basic banking services.

Let's explore these measures together, shall we?

Objectives Relief Measures
Ease Cash Flow
  1. Defer Repayment for:
    • Commercial and industrial property loans
    • Mortgage equity withdrawal loans
    • Renovation and student loans
    • Motor vehicle loans and hire-purchase agreements, subject to assessment
  2. Extend Loan Tenure for Debt Consolidation Plans (DCPs)
Reduce Debt
  1. Refinance investment property loans, without being subject to the total debt servicing ratio and mortgage servicing ratio

(Table Source: www.mas.gov.sg)

Read more: MAS and financial industry provide additional support for individuals

Been curious on how sales of private condos are doing during circuit breaker (CB) period? While completing property sales in this period may be difficult, it isn't impossible. So if you have been curious to find out property transactions during the month of April, whether it be you're looking to buy or sell a condominium, we have compiled three lists of caveat data showing private condo resale transactions. These lists are broken down by their respective regions, Core Central Region (CCR), Outside Central Region (OCR) and Rest of Central Region (RCR).

In the tables below you can find all the necessary information including profits and losses.

Also, don’t forget to look out for ECs and landed properties’ April caveat coming soon!

(Source for all tables : URA Realis)

CCR

Resale Gains:

Project Name Address Area (sqf) Purchase Price ($) Purchase Date Transacted Price ($) Unit Price ($ psf) Sale Date Gains (%) Annual Gains (%) Completion Date Postal District
THE SAIL @ MARINA BAY 2 Marina Boulevard #28-XX 1981 $ 2,013,174 Dec-04 $ 3,750,000 $ 1,893 3-Apr-20 86% 5% 2008 1
ONE SHENTON 1 Shenton Way #22-XX 614 $ 1,139,520 Feb-07 $ 1,185,000 $ 1,931 8-Apr-20 4% 0% 2011 1
SCOTTS SQUARE 8 Scotts Road #27-XX 947 $ 2,700,000 Mar-17 $ 3,400,000 $ 3,589 17-Apr-20 26% 9% 2011 9
THE CLAYMORE 27 Claymore Road #25-XX 4919 $ 8,000,000 Mar-02 $ 17,000,000 $ 3,456 13-Apr-20 113% 6% 1985 9
ASPEN HEIGHTS 261 River Valley Road #05-XX 883 $ 1,360,000 Apr-11 $ 1,520,000 $ 1,722 6-Apr-20 12% 1% 1998 9
ONE OXLEY RISE 1 Oxley Rise #09-XX 721 $ 1,300,000 Mar-12 $ 1,500,000 $ 2,080 3-Apr-20 15% 2% 2009 9
MIRAGE TOWER 80 Kim Seng Road #09-XX 570 $ 1,000,000 Oct-15 $ 1,090,000 $ 1,911 6-Apr-20 9% 2% 1996 9
ARDMORE PARK 11 Ardmore Park #10-XX 2885 $ 7,280,000 Nov-14 $ 8,000,000 $ 2,773 2-Apr-20 10% 2% 2001 10
THE TESSARINA 20 Wilby Road #09-XX 3671 $ 2,400,000 Dec-04 $ 4,000,000 $ 1,090 6-Apr-20 67% 4% 2003 10
MONTVIEW 63 Mount Sinai Drive #18-XX 1744 $ 1,300,640 Aug-05 $ 2,950,000 $ 1,692 3-Apr-20 127% 8% 2008 10
MONTVIEW 63 Mount Sinai Drive #08-XX 1227 $ 930,600 Aug-05 $ 1,900,000 $ 1,548 16-Apr-20 104% 7% 2008 10
THE ARCADIA 237 Arcadia Road #10-XX 7503 $ 5,100,000 Apr-16 $ 6,940,000 $ 925 9-Apr-20 36% 9% 1983 11
THE TREVOSE 60 Trevose Crescent #04-XX 1335 $ 1,360,000 Jul-08 $ 1,800,000 $ 1,349 6-Apr-20 32% 3% 2001 11
368 THOMSON 368 Thomson Road #33-XX 1302 $ 1,859,760 Jul-10 $ 2,150,000 $ 1,651 3-Apr-20 16% 2% 2014 11
SOLEIL @ SINARAN 6 Sinaran Drive #28-XX 1098 $ 1,790,000 Sep-07 $ 2,025,000 $ 1,844 3-Apr-20 13% 1% 2011 11
NEWTON ONE 1 Newton Road #15-XX 1216 $ 2,103,680 Jan-10 $ 2,425,000 $ 1,994 16-Apr-20 15% 2% 2009 11

 

Resale Losses:

Project Name Address Area (sqf) Purchase Price ($) Purchase Date Transacted Price ($) Unit Price ($ psf) Sale Date Losses (%) Annual Losses (%) Completion Date Postal District
THE SAIL @ MARINA BAY 6 Marina Boulevard #61-XX 1432 $ 4,296,000 Oct-07 $ 2,550,000 $ 1,781 6-Apr-20 -41% -3% 2008 1
THE AZURE 201 Ocean Drive #01-XX 1894 $ 4,072,100 Apr-11 $ 2,300,000 $ 1,214 1-Apr-20 -44% -5% 2008 4
CITYVISTA RESIDENCES 21 Peck Hay Road #18-XX 2626 $ 6,699,987 Jul-07 $ 4,713,800 $ 1,795 1-Apr-20 -30% -2% 2010 9
LEONIE PARC VIEW 22 Leonie Hill Road #12-XX 2013 $ 6,056,000 Jul-07 $ 4,170,000 $ 2,072 6-Apr-20 -31% -2% 2009 9
ONE DEVONSHIRE 1 Devonshire Road #30-XX 1496 $ 3,100,000 May-14 $ 3,050,000 $ 2,039 6-Apr-20 -2% 0% 2011 9
CLUNY PARK RESIDENCE 99 Cluny Park Road #01-XX 1216 $ 2,900,000 Sep-15 $ 2,750,000 $ 2,261 13-Apr-20 -5% -1% 2016 10
SETIA RESIDENCES 11 Evelyn Road #12-XX 3348 $ 6,150,000 Jun-07 $ 6,100,000 $ 1,822 13-Apr-20 -1% 0% 2003 11
Read more: April private condo resale transactions

If you are on a search for a new home, then you know how frustrating it can be now that we have entered circuit breaker. Going out to view the houses on your favourites list have now become almost impossible.

But what if we told you that you don't have to put your house hunting to a stop? With a little help from modern technology, you can now view properties in the comfort of your own home through 3D virtual tours! Using this function allows you to walk through every corner of the homes you are keen on with just the touch of your finger. So while we can't show you homes in real life, we're proud to show you our extensive collection of 3D virtuals right here on our website!

And if you're interested to sell your home through virtual tour, make sure to reach out to us at sales@auctionjia.com.sg or call us at 6223 2801.

Happy browsing!

Commercial Properties

More details here: Soho @ Central

Landed Properties

More details here: Shelford Road

Read more: Singapore's largest collection of virtual tours

With the daily cases of Covid-19 climbing, the situation in Singapore may start to look kind of grim, especially when it comes to our finances. It is no secret that many have found themselves caught in the shorter end of the stick with loss of income, whether it be company withholding pay, partial loss of income or even loss of jobs. It is now at this crucial time that we lean on to government funding to aid us in this difficult period.

As of 14 April, the government has given out a $600 cash payout to every adult Singaporean to help tide us through this time. But we should also help to improve our own cash flow by taking upon ourselves to look at this list of four things that we should do during this circuit breaker period:

Read more: Four actions you should take to improve your cashflow during Covid-19!

Has COVID-19 impacted property prices in Singapore? We get the first glimpse based on flash estimates released by Urban Redevelopment Authority (URA), which shows Singapore that residential property prices are down 1.2% in 1Q20. This marked a reversal compared to the increase of 0.5% in 4Q19.

Landed properties fell the most, by 1.7% compared to the previous quarter. For non-landed properties, the Core Central Region (CCR) has declined the most, with a drop of 1.5%. This is followed by the Outside Central Region (OCR) with a decline of 1.0%. Prices in the Rest of Central Region (RCR) were the most resilient, with a marginal decline of 0.5%.

Will we see further declines this year, given the severity of the COVID-19 outbreak in Europe and US? The chart below shows property prices over a much longer period, to provide readers with a sense of where we are in the cycle, and what happened during the Global Financial Crisis in 2008-09.  

Thinking about selling your property and considering your options? Speak to us today. We are seeing a significant increase in buyers approaching us at this time!

Chart 1

Note: The flash estimates on Chart 1 are compiled based on transaction prices produced in contracts submitted for stamp duty payments and data on units sold by developers till mid-March. Flash estimates and actual price changes could be different, hence readers are advised to interpret the flash estimates with caution.

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