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(1 Jan - 31 Jan 2010)
   
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Q2 2009 – DETACHED HOUSES SOLD IN D11

A total of 18 conventional detached houses and 3 strata-titled bungalows were transacted in District 11 in Q2 2009, with the cheapest detached house going for $3.75 million (or $579 psf) and the dearest $13.5 million (or $507 psf). [Table 3-B]

Table [3-B] – 18 detached house were sold in D11 in Q2

 

ROAD NAME

LAND

$mil

$psf

D11

CHANCERY LANE

26,639

13.5

507

D11

DUNEARN RD

6,481

3.75

579

D11

CHEE HOON AVENUE

17,791

11.5

646

D11

BO SENG AVENUE

8,039

5.2

647

D11

BERRIMA RD

14,173

9.18

648

D11

DYSON RD

9,863

6.8

689

D11

MERRYN RD

4,460

4.2

942

D11

TREVOSE CRESCENT

5,127

4.9

956

D11

TREVOSE CRESCENT

7,653

7.5

980

D11

TREVOSE CRESCENT

5,035

5.0

993

D11

BERRIMA RD

4,804

4.8

999

D11

TREVOSE CRESCENT

4,347

4.9

1,127

D11

JALAN BAHASA

5,005

5.7

1,139

D11

DALKEITH RD

4,941

5.7

1,154

D11

NAROOMA RD

6,032

7.0

1,160

D11

JALAN BAHASA

4,954

6.050

1,221

D11

TREVOSE CRESCENT

6,600

8.28

1,254

D11

DALKEITH RD

5,215

6.63

1,271

Source of data: URA website

Q2 2009 – DETACHED HOUSES SOLD IN D15

A total of 22 conventional detached houses and eight (8) strata-title bungalows were transacted in District 15 in Q2 2009, with the cheapest detached house going for $1.1 million (or $333 psf) and the dearest $5.65 million (or $697 psf). [Table 3-C]

Table [3-C] – 22 detached house were sold in D15 in Q2 2009

 

ROAD NAME

LAND

$mil

$psf

D15

LIM AH WOO RD

3,299

1.1

333

D15

HARTLEY GROVE

10,407

4.55

437

D15

LORONG M TELOK KURAU

5,173

2.4

464

D15

SIGLAP HILL

7,095

3.3

465

D15

SIGLAP HILL

4,925

2.5

508

D15

ETTRICK TERRACE

4,068

2.22

546

D15

COLDSTREAM AVENUE

9,093

5.4

594

D15

SIGLAP PLAIN

6,003

3.6

600

D15

PARKSTONE RD

8,570

5.2

607

D15

SIGLAP HILL

6,453

4.0

620

D15

WIMBORNE RD

8,678

5.5

634

D15

SIGLAP BANK

4,585

2.988

652

D15

EAST COAST RD

8,146

5.5

675

D15

DUNBAR WALK

7,931

5.4

681

D15

JALAN SEAVIEW

4,711

3.25

690

D15

GREENFIELD DRIVE

8,101

5.65

697

D15

WIMBORNE RD

4,260

3.0

704

D15

CRANBORNE RD

5,360

4.138

772

D15

BRANKSOME RD

4,399

4.5

1,023

D15

GOODMAN RD

5,250

5.5

1,048

D15

GOODMAN RD

5,250

5.56

1,059

D15

BRANKSOME RD

4,730

5.1

1,078

Source of data: URA website

Q2 2009 – DETACHED HOUSES SOLD IN D19

A total of 14 conventional detached houses and 2 strata-titled bungalows were transacted in D19 in Q2 2009, with the cheapest detached house going for $2.08 million (or $392 psf) and the dearest $3.35 million (or $702 psf). [Table 3-D]

Table [3-D] – 14 detached house were sold in D19 in Q2

 

ROAD NAME

LAND

$mil

$psf

D19

PONGGOL 24th AVENUE

11,956

2.62

219

D19

PONGGOL 24th AVENUE

10,537

2.62

249

D19

PONGGOL 24th AVENUE

9,895

2.62

265

D19

LIM TUA TOW RD

7,385

2.16

292

D19

TAMPINES RD

6,087

2.26

371

D19

COOLING CLOSE

5,433

2.1

387

D19

TAVISTOCK AVENUE

5,310

2.08

392

D19

JALAN TANI

8,275

3.3

399

D19

PAYA LEBAR CRESCENT

5,190

2.26

435

D19

FLOWER RD

5,405

2.5

463

D19

BURGHLEY DRIVE

4,869

2.3

472

D19

CHUAN HOE AVENUE

4,960

2.7

544

D19

WALMER DRIVE

4,775

3.35

702

D19

BRIGHTON CRESCENT

4,303

3.08

718

Source of data: URA website

Q2 2009 – DETACHED HOUSES SOLD IN OTHER DISTRICTS

A total of 46 conventional detached houses and 10 strata-titled bungalows were transacted in the rest of Singapore in Q2 2009, with the cheapest detached house going for $1.45 million (or $282 psf) and the dearest $19.8 million (or $871 psf). [Table 3-E]

Table [3-E] – 46 detached house were sold in other districts in Q2 2009

 

ROAD NAME

LAND

$mil

$psf

D23

CHESTNUT DRIVE

14,318

3.51

245

D13

CARMICHAEL RD

5,138

1.45

282

D27

SEMBAWANG PLACE

8,534

2.700

316

D17

TOH AVENUE

40,526

13.37

330

D14

JALAN WARINGIN

4,996

1.8

360

D18

RIVERINA CRESCENT

4,509

1.65

366

D23

ALMOND CRESCENT

6,288

2.36

375

D27

JALAN SHAER

5,140

1.98

385

D17

LENGKOK MARIAM

6,264

2.5

399

D20

JALAN TARUM

4,385

1.8

410

D25

JALAN KASAU

4,316

1.8

417

D28

SARACA RD

12,455

5.25

422

D14

WARINGIN WALK

6,455

2.8

434

D20

BRIGHT HILL CRESCENT

9,274

4.1

442

D23

JALAN DERMAWAN

4,949

2.2

445

D14

JALAN SAYANG

5,000

2.35

470

D16

JALAN GREJA

10,103

4.8

475

D20

JALAN CHENGAM

5,242

2.6

496

D25

JALAN RASOK

4,302

2.15

500

D16

JALAN PARI UNAK

4,972

2.5

503

D13

CARMICHAEL RD

4,922

2.5

508

D28

NIM GREEN

10,403

5.45

524

D20

TORONTO RD

9,168

5.0

545

D05

GUOK AVENUE

5,656

3.2

566

D05

WEST COAST RD

5,224

3.06

586

D21

YARWOOD AVENUE

15,137

9.0

595

D16

JALAN HAJIJAH

7,710

4.638

602

D14

JALAN LAPANG

3,950

2.4

608

D13

BUTTERFLY AVENUE

4,090

2.5

611

D13

CARMICHAEL RD

6,547

4.21

643

D13

MUSWELL HILL

10,533

6.9

655

D21

SUNSET WAY

8,722

6.5

745

D13

COTSWOLD CLOSE

4,524

3.48

769

D21

WILMONAR AVENUE

5,591

4.61

825

D21

BINJAI RISE

22,727

19.8

871

D13

MATLOCK RISE

5,041

4.5

893

D21

JLN KG CHANTEK

9,775

8.8

900

D21

SUNSET HEIGHTS

6,278

5.7

908

D13

CHILTERN DRIVE

4,777

4.5

942

D13

CHILTERN DRIVE

4,636

4.38

945

D13

COTSWOLD CLOSE

4,390

4.5

1,025

D04

OCEAN DRIVE

7,351

7.6

1,034

D04

PARADISE ISLAND

8,633

10.5

1,216

D04

OCEAN DRIVE

7,863

10.0

1,272

D04

PARADISE ISLAND

9,798

13.5

1,378

D04

LAKESHORE VIEW

7,071

9.9

1,400

Source of data: URA website

Q2 2009 – DETACHED HOUSES EXCEEDING $5 MILLION IN SALE PRICE

Altogether, 71 (or 51.44%) conventional detached houses exceeded the $5 million price tag. Bungalows at Sentosa Cove have the highest psf price on average. [Table 3-F]

Table [3-F] – Bungalows at Sentosa Cove have the highest unit psf price on average

 

ROAD NAME

LAND

$mil

$psf

D4

OCEAN DRIVE

7,351

7.6

1,034

D4

PARADISE ISLAND

8,633

10.5

1,216

D4

OCEAN DRIVE

7,863

10.0

1,272

D4

PARADISE ISLAND

9,798

13.5

1,378

D4

LAKESHORE VIEW

7,071

9.9

1,400

Source of data: URA website

Q3 2009 – JULY - SEPTEMBER
DETACHED HOUSE SALES PERFORMANCE
TOTAL TRANSACTIONS WITH HIGHEST AND LOWEST PSF PRICES

There were altogether 169 conventional bungalows (and 16 strata bungalows) transacted in Q3 of 2009 with unit psf prices ranging from $268 psf for a detached house in South Buona Vista Road, to $1,856 psf for a D9 bungalow at Jalan Mutiara.

In absolute price term, here is the cheapest and the most expensive detached house transactions in Q3 2009:

A 5,597 sq ft detached house at South Buona Vista Road at D5 was sold for the lowest price of $1.5 million (and also the lowest psf price of $268 psf) [Table 4-E]
A 31,125 sq ft bungalow at Belmont Road in D10 was sold for $30.5 million in July 2009. [Table 4-A]

Q3 2009 – DETACHED HOUSES SOLD IN D10

A total of 37 conventional detached houses and 2 strata-titled bungalows were transacted in District 10 in Q3 2009, with the lowest price detached house going for $5.6 million (or $974 psf) and the dearest $31.125 million (or $980 psf). [Table 4-A]

Table [4-A] – 37 detached house were sold in D10 in Q3

 

ROAD NAME

LAND

$mil

$psf

D10

LEEDON PARK

52,524

20.1

383

D10

BRIZAY PARK

37,211

20.4

548

D10

ASTRID HILL

31,359

20.5

654

D10

FIFTH AVENUE

21,545

14.5

673

D10

SWETTENHAM RD

16,010

11.21

700

D10

VICTORIA PARK RD

32,688

24.51

750

D10

BRIZAY PARK

17,808

13.7

769

D10

BELMONT RD

15,030

11.9

792

D10

LEEDON RD

13,770

11.5

835

D10

JALAN JELITA

8,337

7.1

852

D10

ROCHALIE DR

21,303

18.31

860

D10

QUEEN ASTRID PARK

27,371

24.0

877

D10

SWETTENHAM RD

33,294

29.2

877

D10

BELMONT RD

15,001

13.5

900

D10

FORD AVENUE

15,213

13.7

901

D10

GALLOP RD

15,884

14.5

913

D10

KINGSMEAD RD

8,666

8.03

927

D10

REBECCA RD

11,428

10.6

928

D10

OEI TIONG HAM PARK

10,697

10.0

935

D10

MARYLAND DR

13,484

12.95

960

D10

MOUNT SINAI LANE

5,749

5.6

974

D10

BELMONT RD

31,125

30.5

980

D10

HOLLAND RD

9,050

8.88

981

D10

NAMLY DR

8,410

8.35

993

D10

HOLLAND GROVE LANE

8,715

8.8

1,010

D10

WOOLLERTON DR

7,832

8.0

1,021

D10

DALVEY RD

18,368

19.0

1,034

D10

PEIRCE HILL

17,331

18.0

1,039

D10

MOUNT ECHO PARK

17,177

18.43

1,073

D10

KINGSMEAD RD

6,310

6.95

1,101

D10

BISHOPSGATE

16,552

19.03

1,150

D10

BISHOPSGATE

16,862

19.5

1,156

D10

MARYLAND DR

19,170

22.8

1,189

D10

GALLOP RD

15,775

19.5

1,236

D10

LEEDON PARK

15,170

19.36

1,277

D10

ALLAMANDA GROVE

4,522

5.9

1,305

D10

JALAN MUTIARA

8,083

15.0

1,856

Source of data: URA website

Q3 2009 – DETACHED HOUSES SOLD IN D11

A total of 20 conventional detached houses and 2 strata-titled bungalows were transacted in District 11 in Q3 2009, with the lowest price detached house going for $2.7 million (or $627 psf) and the dearest $24.9 million (or $550 psf). [Table 4-B]

Table [4-B] – 20 detached house were sold in D11 in Q3

 

ROAD NAME

LAND

$mil

$psf

D11

JOAN RD

27,124

13.3

490

D11

OLIVE RD

45,276

24.9

550

D11

CHANCERY LANE

20,386

12.38

608

D11

SHREWSBURY RD

4,306

2.7

627

D11

BUKIT TUNGGAL RD

15,295

11.0

719

D11

CASSIA DR

10,458

7.8

746

D11

JOAN RD

15,652

12.0

767

D11

LORNIE RD

6,456

4.96

768

D11

ORIOLE CRESCENT

10,617

8.38

789

D11

MERRYN RD

9,025

7.45

826

D11

ENG NEO AVENUE

17,067

14.28

837

D11

VANDA AVENUE

12,187

10.5

862

D11

ORIOLE CRESCENT

10,481

10.5

1,002

D11

ASH GROVE

9,321

9.8

1,051

D11

SIME RD

5,807

6.5

1,119

D11

MERRYN RD

4,550

6.0

1,319

D11

JALAN BAHASA

4,950

6.6

1,333

D11

TUDOR CLOSE

5,308

7.1

1,338

D11

JALAN BAHASA

4,310

5.8

1,346

D11

JALAN BAHASA

4,308

6.0

1,393

Source of data: URA website

Q3 2009 – DETACHED HOUSES SOLD IN D15

A total of 20 conventional detached houses and 5 strata-titled bungalows were transacted in District 15 in Q3 2009, with the lowest price detached house going for $1.83 million (or $611 psf) and the dearest $7.62 million (or $714 psf). [Table 4-C]

Table [4-C] – 20 detached house were sold in D15 in Q3

 

ROAD NAME

LAND

$mil

$psf

D15

JOO CHIAT TERRACE

7,092

3.24

458

D15

SIGLAP HILL

7,095

3.82

538

D15

SIGLAP HILL

7,830

4.21

538

D15

AIDA STREET

6,004

3.48

580

D15

ERNANI STREET

2,995

1.83

611

D15

JOO CHIAT PLACE

10,595

6.5

613

D15

CEYLON RD

7,475

4.9

656

D15

GOODMAN RD

8,921

6.08

682

D15

LIM AH WOO RD

3,299

2.3

697

D15

SIGLAP HILL

6,000

4.25

708

D15

CRANBORNE RD

10,674

7.62

714

D15

WAREHAM RD

8,809

6.4

727

D15

DUNBAR WALK

5,845

4.85

830

D15

MOUNTBATTEN RD

4,998

4.3

860

D15

AVON RD

5,487

4.85

884

D15

HAIG AVENUE

3,995

4.2

1,051

D15

GOODMAN RD

5,425

5.7

1,051

D15

GOODMAN RD

5,261

5.55

1,055

D15

GOODMAN RD

5,250

5.7

1,086

D15

BRDRICK RD

5,719

7.5

1,311

Source of data: URA website

Q3 2009 – DETACHED HOUSES SOLD IN D19

A total of 10 conventional detached houses and 2 strata-titled bungalows were transacted in District 19 in Q3 2009, with the lowest price detached house going for $2.5 million (or $572 psf) and the dearest $4.46 million (or $472 psf). [Table 4-D]

Table [4-D] – 10 detached house were sold in D19 in Q3

 

ROAD NAME

LAND

$mil

$psf

D19

BERWICK DR

6,971

2.6

373

D19

ROBEY CRESCENT

6,548

2.88

440

D19

HILLSIDE DR

8,550

3.95

462

D19

TAI HWAN HEIGHTS

9,459

4.46

472

D19

JALAN SONGKET

6,344

3.31

522

D19

TAVISTOCK AVENUE

5,310

2.9

546

D19

PONGGOL 17TH AVENUE

4,372

2.5

572

D19

RIPLEY CRESCENT

7,162

4.1

572

D19

CHEPSTOW CLOSE

4,391

2.7

615

D19

CONWAY GROVE

4,405

2.9

658

Source of data: URA website

Q3 2009 – DETACHED HOUSES SOLD IN OTHER DISTRICTS

A total of 82 conventional detached houses and 5 strata-titled bungalows were transacted in other districts in Q3 2009, with the lowest price detached house going for $1.5 million (or $268 psf) and the highest price $22.0 million (or $1,468 psf) was paid to a Paradise Island bungalow. [Table 4-E]

Table [4-E] – 82 detached house were sold in other districts in Q3 2009

 

ROAD NAME

LAND

$mil

$psf

D05

SOUTH BUONA VISTA RD

5,597

1.5

268

D05

SOUTH BUONA VISTA RD

6,469

2.05

317

D17

TOH CRESCENT

10,241

3.25

317

D17

LENGKOK MARIAM

8,225

2.75

334

D18

PASIR RIS RD

7,945

2.81

354

D13

SOMMERVILLE WALK

13,323

4.92

370

D28

GERALD DR

5,842

2.25

385

D17

TOH HEIGHTS

9,768

3.8

389

D23

ALMOND CRESCENT

6,005

2.5

416

D23

ALMOND CRESCENT

5,908

2.46

418

D17

TOH CRESCENT

6,581

2.78

422

D25

OAKWOOD GROVE

7,427

3.15

424

D20

JALAN CHENGAM

4,512

1.95

432

D17

TOH CLOSE

5,735

2.52

439

D20

JALAN TAMBUR

5,410

2.4

444

D16

KEW HEIGHTS

7,543

3.38

449

D14

LORONG MELAYU

7,759

3.48

450

D27

PLATINA RD

14,387

6.6

459

D14

LORONG MELAYU

7,744

3.56

460

D28

JALAN KECHUBONG

3,984

1.85

464

D23

ALMOND STREET

5,993

2.8

467

D22

YUNNAN CRESCENT

5,726

2.69

470

D28

NIM GREEN

8,482

4.1

483

D14

JALAN SENTOSA

4,618

2.25

487

D20

JALAN TARUM

4,390

2.18

497

D16

KEW HEIGHTS

4,414

2.2

500

D16

JALAN LIMAU MANIS

8,486

4.25

501

D16

KEW TERRACE

4,496

2.28

509

D16

KEW HEIGHTS

4,492

2.33

519

D21

KING ALBERT PARK

18,449

9.6

520

D27

JALAN MATA AYER

7,475

3.9

522

D21

LORONG KISMIS

7,471

3.92

525

D28

SARACA RD

7,242

3.8

525

D28

JALAN KETUMBIT

4,760

2.57

540

D14

LORONG 6 GEYLANG

3,625

1.96

541

D14

JALAN SENANG

4,951

2.7

545

D13

MELROSE DR

10,197

5.62

552

D28

JALAN KECHUBONG

4,105

2.3

560

D17

TOH DR

7,113

4.0

562

D28

CACTUS CRESCENT

9,814

5.7

581

D20

WINDSOR PARK RD

21,393

12.5

584

D23

CHESTNUT CRESCENT

8,225

4.8

584

D28

MUGLISTON PARK

4,360

2.58

592

D20

BINCHANG RISE

11,371

7.0

616

D16

JALAN GREJA

4,540

2.80

619

D17

TOH CLOSE

5,463

3.4

622

D14

JALAN RAHMAT

5,521

3.45

625

D13

MUSWELL HILL

13,944

9.0

645

D20

WINDSOR PARK RD

22,444

14.5

646

D21

JALAN LAYANG LAYANG

5,970

3.9

653

D23

PAVILION CIRCLE

2,452

1.6

653

D16

UPPER EAST COAST RD

6,695

4.43

662

D28

SARACA RD

8,247

5.5

667

D13

CARMICHAEL RD

5,802

3.88

670

D28

JALAN REDOP

4,301

2.9

674

D13

SOMMERVILLE RD

5,585

3.8

680

D14

JALAN SAYANG

4,000

2.77

693

D21

BINJAI PARK

23,140

16.5

713

D13

COTSWOLD CLOSE

4,449

3.4

775

D20

JALAN BINCHANG

6,545

5.1

779

D21

SUNSET HEIGHTS

7,000

5.5

786

D14

LORONG 25A GEYLANG

7,590

6.05

797

D21

SUNSET TERRACE

6,167

5.1

827

D05

WEST COAST RD

4,972

4.12

829

D21

SUNSET TERRACE

6,167

5.15

835

D21

WILMONAR AVENUE

5,608

4.7

838

D20

WESTLAKE AVENUE

4,306

3.7

859

D13

COTSWOLD CLOSE

4,373

3.88

887

D04

OCEAN DR

9,576

8.5

888

D21

JALAN KAKATUA

6,780

6.28

926

D13

DUNSFOLD DR

4,630

4.8

1,037

D13

DUNSFOLD DR

4,629

4.88

1,054

D05

PASIR PANJANG HILL

6,232

6.83

1,096

D04

COVE WAY

6,786

9.0

1,326

D04

OCEAN DR

7,690

10.2

1,326

D04

PARADISE ISLAND

14,980

20.18

1,347

D04

PARADISE ISLAND

9,136

12.6

1,379

D04

PARADISE ISLAND

14,989

22.0

1,468

D04

OCEAN DR

8,746

13.88

1,588

D04

OCEAN DR

7,553

12.5

1,655

D04

OCEAN DR

7,808

12.99

1,664

D04

SANDY ISLAND

7,951

14.32

1,801

Source of data: URA website

Q3 2009 – DETACHED HOUSES EXCEEDING $5 MILLION IN SALE PRICE

Altogether, 90 detached houses (or 53.25% of the 169 conventional bungalows) exceeded the $5 million price tag. [Table 4-F]

37 (or 100%) of the 37 detached houses transacted in D10 exceeded the $5 million price barrier.
18 (or 90%) of the 20 detached houses transacted in D11 exceeded the $5 million price barrier.
8 (or 40%) of the 20 detached houses transacted in D15 exceeded the $5 million price barrier.
None of the 10 detached houses sold in D19 crossed the $5 million price barrier.
10 (or 100%) of the 10 detached houses sold in Sentosa Cove crossed the $5 million price barrier in Q3 2009.

Table [4-F] – 100% of the detached house transactions in Sentosa Cove crossed the $5 million barrier in Q3

 

ROAD NAME

LAND

$mil

$psf

D04

OCEAN DR

9,576

8.5

888

D04

COVE WAY

6,786

9.0

1,326

D04

OCEAN DR

7,690

10.2

1,326

D04

PARADISE ISLAND

14,980

20.18

1,347

D04

PARADISE ISLAND

9,136

12.6

1,379

D04

PARADISE ISLAND

14,989

22.0

1,468

D04

OCEAN DR

8,746

13.88

1,588

D04

OCEAN DR

7,553

12.5

1,655

D04

OCEAN DR

7,808

12.99

1,664

D04

SANDY ISLAND

7,951

14.32

1,801

Source of data: URA website

Q4 2009 – OCTOBER - DECEMBER
DETACHED HOUSE SALES PERFORMANCE
TOTAL TRANSACTIONS WITH HIGHEST AND LOWEST PSF PRICES

There were altogether 109 conventional bungalows (and 13 strata bungalows) transacted in Q4 2009. This represents a drop of 35.5% in sales volume over Q3 2009.

In fact, the monthly sales volume of detached houses fell in two consecutive months after hitting the peak in July 2009, and followed by another two consecutive falls after a brief reprieve in October 2009.

Table [5] – Sale of detached houses fell in Q4 2009 [figures do not include strata-titled bungalows]


2009

JUL

AUG

SEP

OCT

NOV

DEC

SALE

66

61

42

56

27

26

Source of data: URA website

The unit psf prices of detached houses sold in Q4 2009 ranged from $315 psf for a 6,762 sq ft detached house in Sengkang East Way, to $1,950 psf for an 8,498 sq ft Sandy Island bungalow at Sentosa Cove.

In absolute price term, here is the cheapest and the most expensive detached house transactions

A 4,518 sq ft detached house at Lorong Marzuki at D14 was sold for the lowest price of $2 million or $443 psf ; [Table 5-E]
A 32,078 sq ft Victoria Park Good Class Bungalow in D10 was sold for the highest price of $38.66 million. [Table 5-A]

Q4 2009 – DETACHED HOUSES SOLD IN D10

A total of 23 conventional detached houses and 3 strata-titled bungalows were transacted in District 10 in Q4 2009, with the ‘lowest/highest price’ statistics as follows:

A 4,319 sq ft Holland Green bungalow was sold for the lowest price of $3.5 million (or $810 psf); [Table 5-A]
A 32,078 sq ft Victoria Park Good Class Bungalow in District 10 was sold for $38.66 million (or $1,205 psf) in October 2009. [Table 5-A]

Table [5-A] – 23 detached house were sold in D10 in Q4

 

ROAD NAME

LAND

$mil

$psf

D10

LEEDON PARK

37,024

15.0

405

D10

SWETTENHAM RD

16,282

11.33

696

D10

NAMLY AVE

17,013

12.5

735

D10

HOLLAND GREEN

4,319

3.5

810

D10

SIXTH AVE

8,461

7.0

827

D10

CHATSWORTH PARK

43,496

37.5

862

D10

REBECCA RD

13,791

12.0

870

D10

RIDOUT RD

40,679

37.0

910

D10

BELMONT RD

29,309

27.35

933

D10

BIN TONG PARK

26,254

25.0

952

D10

ASTRID HILL

26,515

25.75

971

D10

HOLLAND GROVE DR

7,966

7.75

973

D10

SWETTENHAM GREEN

17,655

17.5

991

D10

REDWOOD AVE

5,225

5.4

1,034

D10

FORD AVE

15,072

15.8

1,048

D10

JALAN AMPANG

7,858

8.3

1,056

D10

DALVEY ESTATE

15,136

16.0

1,058

D10

VICTORIA PARK RD

32,078

38.66

1,205

D10

CORONATION RD WEST

4,369

5.27

1,207

D10

PRINCESS OF WALES RD

6,485

7.82

1,207

D10

VICTORIA PARK RD

4,619

6.5

1,407

D10

LEEDON PARK

25,232

35.50

1,407

D10

ALLAMANDA GROVE

4,646

6.6

1,421

Source of data: URA website

Q4 2009 – DETACHED HOUSES SOLD IN D11

A total of 12 conventional detached houses and 1 strata-titled bungalow were transacted in District 11 in Q4 2009, with the lowest price detached house going for $6.43 million (or $890 psf) and the dearest $16.3 million (or $1,061 psf) for a 15,369 sq ft house at Olive Road. [Table 5-B]

Table [5-B] – 12 detached house were sold in D11 in Q4

 

ROAD NAME

LAND

$mil

$psf

D11

OLIVE RD

17,033

9.5

558

D11

LINDEN DR

15,316

13.0

849

D11

DUNEARN CLOSE

7,234

6.43

890

D11

ASH GROVE

10,650

9.8

920

D11

SHELFORD RD

7,746

7.5

968

D11

DUNEARN CLOSE

7,736

7.5

969

D11

MERRYN RD

9,025

8.9

986

D11

SUNSET AVE

10,180

10.6

1,041

D11

OLIVE RD

15,369

16.3

1,061

D11

SIME RD

5,583

6.48

1,161

D11

SIME RD

6,515

7.6

1,166

D11

WATTEN ESTATE RD

5,498

6.8

1,237

Source of data: URA website

Q4 2009 – DETACHED HOUSES SOLD IN D15

A total of 16 conventional detached houses and 5 strata-titled bungalows were transacted in District 15 in Q4 2009, with ‘the lowest price and highest price’ statistics as follows:

A 3,933 sq ft detached house in Dunman Road was sold for the lowest price of $3.3 million (or $839 psf);
The highest price was paid for a 15,708 sq ft detached house at Haig Road for $15.4 million (or $980 psf). [Table 5-C]

Table [5-C] – 16 detached house were sold in D15 in Q4

 

ROAD NAME

LAND

$mil

$psf

D15

LORONG H TELOK KURAU

7,983

4.51

565

D15

PALM AVE

6,351

4.55

716

D15

SIGLAP PLAIN

6,003

4.45

741

D15

CRESCENT RD

5,533

4.4

795

D15

GOODMAN RD

16,381

13.2

806

D15

SIGLAP AVE

5,997

5.0

834

D15

DUNMAN RD

3,933

3.3

839

D15

JALAN SEAVIEW

4,711

4.05

860

D15

BRANKSOME RD

12,181

10.6

870

D15

MOUNTBATTEN RD

4,888

4.3

880

D15

EAST COAST TERRACE

7,518

7.2

958

D15

LORONG G TELOK KURAU

5,455

5.28

968

D15

HAIG RD

15,708

15.4

980

D15

BRDRICK RD

4,313

4.5

1,043

D15

BOURNEMOUTH RD

11,586

12.5

1,079

D15

WAREHAM RD

4,350

5.65

1,299

Source of data: URA website

Q4 2009 – DETACHED HOUSES SOLD IN D19

A total of 9 conventional detached houses and no strata-titled bungalows were transacted in District 19 in Q4 2009, with ‘the lowest price and highest price’ statistics as follows:

A 6,762 sq ft detached house in Sengkang East was sold for the lowest price of $2.13 million (or $315 psf);
A 16,034 sq ft detached house in Upper Serangoon Road was sold for $7.3 million (or $455 psf). [Table 5-D]

Table [5-D] – 9 detached house were sold in D19 in Q4

 

ROAD NAME

LAND

$mil

$psf

D19

SENGKANG EAST WAY

6,762

2.13

315

D19

UPP SERANGOON RD

16,034

7.3

455

D19

ROCHDALE RD

6,438

3.1

482

D19

JLN TANI

8,275

4.2

508

D19

MARLENE AVE

10,736

5.7

531

D19

PONGGOL 17th AVE

4,652

2.5

537

D19

BURGHLEY DR

4,754

2.8

589

D19

CHARTWELL DR

4,200

2.78

662

D19

BRIGHTON CRESCENT

4,367

3.12

714

Source of data: URA website

Q4 2009 – DETACHED HOUSES SOLD IN OTHER DISTRICTS

A total of 49 conventional detached houses and one strata-titled bungalow at District 9 Oxley Road were transacted in other districts in Q4 2009, ‘the lowest price and highest price’ statistics as follows:

The lowest sale price went to a 4,518 sq ft detached house in Lorong Marzuki for $2.0 million (or $443 psf);
The dearest bungalow is a 17,110 sq ft house at Ocean Drive in Sentosa Cove which changed hands for a whopping $30 million (or $1,753 psf). [Table 5-E]

All 12 seafront bungalows transacted in Q4 occupied the top spot on the money chart – see shaded portion of Table 5-E.

Table [5-E] – 49 detached house were sold in other districts in Q4 2009

 

ROAD NAME

LAND

$mil

$psf

D27

KERONG LANE

6,147

2.42

394

D14

LORONG MARZUKI

4,518

2.0

443

D17

TOH AVE

6,444

2.86

444

D28

GERALD CRESCENT

16,285

7.45

457

D28

JLN KECHUBONG

5,104

2.4

470

D14

JLN WARINGIN

5,003

2.42

484

D20

SHANGRI-LA WALK

6,777

3.3

487

D28

MIMOSA CRESCENT

7,190

3.6

501

D20

JLN TAMBUR

5,410

2.8

518

D17

TOH CRESCENT

9,049

4.75

525

D05

JUBILEE RD

6,320

3.38

535

D14

JLN SENTOSA

6,155

3.3

536

D26

COUNTRYSIDE RD

5,503

3.0

545

D26

SPRINGLEAF WALK

8,988

5.3

590

D14

JLN RAHMAT

4,721

2.85

605

D13

LYNWOOD GROVE

12,661

7.7

608

D13

CARMICHAEL RD

5,607

3.45

615

D16

BEDOK AVE

4,312

2.68

622

D28

SELETAR CLOSE

7,203

4.5

625

D14

JLN SENANG

5,000

3.2

640

D28

TAMARIND RD

4,341

2.8

645

D26

SPRINGLEAF AVE

4,322

2.83

655

D17

TOH DR

7,783

5.42

696

D13

CHILTERN DR

10,082

7.5

744

D20

THOMSON RIDGE

4,519

3.38

748

D21

TOH YI DR

4,314

3.35

777

D21

BINJAI PARK

20,002

15.85

792

D21

SUNSET WAY

6,089

5.1

838

D13

CHILTERN DR

5,548

4.7

847

D21

SUNSET PLACE

7,740

6.61

854

D21

SUNSET HEIGHTS

7,568

7.18

949

D13

MELROSE DR

5,097

4.98

977

D8

TRURO RD

3,389

3.5

1,033

D13

MATLOCK RISE

5,197

5.6

1,078

D21

SIAN TUAN AVE

6,077

6.68

1,099

D13

MUSWELL HILL

4,499

5.0

1,111

D13

MATLOCK RISE

5,027

5.6

1,114

D04

OCEAN DR

7,998

10.5

1,313

D04

OCEAN DR

8,280

11.0

1,329

D04

PARADISE ISLAND

8,109

11.4

1,406

D04

PARADISE ISLAND

8,633

13.2

1,529

D04

PARADISE ISLAND

7,031

10.8

1,536

D04

PARADISE ISLAND

7,044

11.0

1,562

D04

OCEAN DR

7,270

12.0

1,651

D04

TREASURE ISLAND

8,574

14.25

1,662

D04

OCEAN DR

17,110

30.0

1,753

D04

OCEAN DR

9,580

16.88

1,763

D04

PARADISE ISLAND

8,013

15.25

1,903

D04

SANDY ISLAND

8,498

16.57

1,950

Source of data: URA website

Q4 2009 – DETACHED HOUSES EXCEEDING $5 MILLION IN SALE PRICE

Altogether, 69 detached houses (or 63.30% of the 109 conventional bungalows) exceeded the $5 million price tag. [Table 5-F]

22 (or 95.7%) of the 23 detached houses transacted in D10 exceeded the $5 million price barrier.
12 (or 100%) of the 12 detached houses transacted in D11 exceeded the $5 million price barrier.
8 (or 50%) of the 16 detached houses transacted in D15 exceeded the $5 million price barrier.
2 (or 22.22%) of the 9 detached houses sold in D19 crossed the $5 million price barrier.
12 (or 100%) of the 12 detached houses sold in Sentosa Cove crossed the $5 million price barrier in Q3 2009.
WHAT DOES THIS CASE STUDY TELL AGENTS?

Unit psf land costs remain stable

Land costs have edged up due to the buying activities and the perceived economic improvements over the past six months.

Median unit psf land prices in popular areas such as Districts 10, 11, 15 and 19 remain stable at sub-$1,000 psf level outside Sentosa Cove.

Let’s look at the median psf land prices at the various districts in this case study.

Table [6] – All median prices indicated here are in $ psf

 

D10

D11

D15

D19

Others

Q1

646.5

702

517

461

751.5

Q2

870.5

986.5

643

395.5

555.5

Q3

935

831.5

711

534

584

Q4

973

977.5

865

531

748

Land costs reasonable and sustainable

Let’s also look at the most recent median psf land prices for the top-end bungalows (those exceeding $5 million in sale price) in Singapore and examine whether prices are sustainable, given the actual economic situation.

In this case, only Q4 2009 median psf land prices are used for obvious reason of relevance and currency.

Table [6-A] – The most current median psf land price of top-end bungalows in Singapore (in $ psf)

 

D4

D10

D11

D15

Others

Q4

1,607

982

978

963

792

From the above evidence, it is easy to deduce that the moderate rise in land costs is well supported by the economic fundamental and not by speculation. In the medium term, land costs are likely to sustain at the current level.

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