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HAVELOCK2

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2. Property Types:
       
3. Unit size: to
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1. Unit Search  Usage: '20-07', '20-' for storey 20, '-07' for stack 07
2. Nearby amenities 

Project Information

Project Name

HAVELOCK2

Street Name

Havelock Road

Property Type

Shop / Office

Tenure

99 Yrs FROM 1983

District / Planning Area

D1 / Singapore River

Completion

Unknown

Indicative price range / Average*

Office: S$ 1,451 - S$ 1,951 psf / S$ 1,619 psf
Shop: S$ 2,283 - S$ 2,283 psf / S$ 2,283 psf

Indicative rental range / Average#

Office: S$ 4.95 - S$ 6.30 psf pm / S$ 6.00 psf pm
Shop: S$ 6.31 - S$ 6.92 psf pm / S$ 6.61 psf pm

Implied rental yield

Office: 4.45%
Shop: 3.47%

Historical high

Office: S$ 2,703 psf in Jul 2015 for a 344-sqft unit
Shop: S$ 6,562 psf in Aug 2014 for a 258-sqft unit

Indicative average price from historical high

Office: -40.1%
Shop: -65.2%

Historical low

Office: S$ 1,451 psf in Apr 2019 for a 334-sqft unit
Shop: S$ 1,959 psf in Sep 2014 for a 1,270-sqft unit

Note: *Based on transactions in the last 6 months. #Based on the street rental data in the last 6 months, may not be representative.

Location

Sales

Transactions in the past 6 months (up to 15 most recent)
See Appendix for the full history

Source: URA, http://www.squarefoot.com.sg
Contract
date
Address Type of
sale
Property type Unit area
(sqft)
Type of
area
Price
(S$ psf)
Price
(S$)
6 Jun 2019 2 Havelock Road #05-22 Resale Office 463 Strata 1,545 715,000
23 May 2019 2 Havelock Road #B1-01 Resale Shop 657 Strata 2,283 1,499,000
17 May 2019 2 Havelock Road #05-21 Resale Office 344 Strata 1,531 527,400
24 Apr 2019 2 Havelock Road #05-20 Resale Office 334 Strata 1,529 510,300
22 Apr 2019 2 Havelock Road #05-16 Resale Office 570 Strata 1,713 977,340
22 Apr 2019 2 Havelock Road #04-16 Resale Office 721 Strata 1,713 1,235,100
17 Apr 2019 2 Havelock Road #04-25 Resale Office 463 Strata 1,465 678,000
17 Apr 2019 2 Havelock Road #04-24 Resale Office 344 Strata 1,455 501,000
1 Apr 2019 2 Havelock Road #04-23 Resale Office 334 Strata 1,451 484,200
26 Mar 2019 2 Havelock Road #05-02 Resale Office 398 Strata 1,951 777,000
12 Mar 2019 2 Havelock Road #04-18 Resale Office 1,604 Strata 1,737 2,786,000
12 Mar 2019 2 Havelock Road #04-17 Resale Office 635 Strata 1,719 1,092,000

Asking Prices

Note: Ranked by days in market.
Source: Public listings
  Listed Days in
market
Property
Type
Unit area
(sqft)
Asking Price
(S$)
Asking Price
(S$ psf)
Agent
Name
Agent
Mobile
  24 Apr 2018 481 Shop 194 1,200,000 6,186 E H heng 84886148
  18 Apr 2018 487 Shop 301 1,620,000 5,382 Ivan Siah 90908488
  21 Mar 2018 515 Shop 388 1,200,000 3,093 Yu Fay Chay 93381648
  7 Feb 2018 557 Shop 214 1,280,000 5,981 Jason Hew 90025390
  13 Dec 2017 613 Office 678 1,765,000 2,603 Joseph See 93830988
  28 Nov 2017 628 Office 678 1,762,800 2,600 Cherie Chong 93200036
  1 Nov 2017 655 Shop 258 1,280,000 4,961 Maverick Cheng 97481051
  31 Oct 2017 656 Shop 215 1,300,000 6,047 John Joseph Donough 96164203
  13 Oct 2017 674 Shop 258 1,300,000 5,039 E H heng 84886148

Historical Transaction Prices (See in Tower View)

Source: URA, http://www.squarefoot.com.sg

Historical Monthly Price Range

Source: URA, http://www.squarefoot.com.sg

Profitable Transactions
Total 0

Note: Transactions with the same address are matched. Profitability of each round-trip transaction is based only on the change in asset price and does not take into account transaction costs and the effect of financing.
Source: URA, http://www.squarefoot.com.sg

There are no round-trip transactions

Unprofitable Transactions
Total 0

Note: Transactions with the same address are matched. Profitability of each round-trip transaction is based only on the change in asset price and does not take into account transaction costs and the effect of financing.
Source: URA, http://www.squarefoot.com.sg

There are no round-trip transactions

Rental

Asking Rents

Note: Ranked by days in market.
Source: Public listings
  Listed Days in
market
Property
Type
Unit area
(sqft)
Asking Price
(S$)
Asking Price
(S$ psf pm)
Agent
Name
Agent
Mobile
  20 Apr 2018 485 Shop 161 2,600 16.2 Chris Choo 82007778
  17 Apr 2018 488 Shop 301 3,300 11.0 Ivan Siah 90908488
  3 Apr 2018 502 Shop 150 3,500 23.3 Vincent Ong 98531741
  16 Jan 2018 579 Shop 775 5,451 7.0 Jane Huang 91680799
  1 Jan 2018 594 Office 678 4,100 6.1 Cherie Chong 93200036
  27 Dec 2017 599 Shop 215 2,400 11.2 Mr LIM CHOON TUCK 96247509
  1 Dec 2017 625 Shop 775 6,000 7.7 Eddie Goh 90601878
  23 Oct 2017 664 Office 678 4,200 6.2 Joseph See 93830988
  23 Oct 2017 664 Office 334 2,300 6.9 Joseph See 93830988
  9 Sep 2017 708 Office 1,583 7,800 4.9 Yang Xin . 94377358

Historical rental along HAVELOCK ROAD

Source: URA, http://www.squarefoot.com.sg

Month Type Lowest Rental
(S$ psf pm)
Rental 25th
(S$ psf pm)
Median Rental
(S$ psf pm)
Rental 75th
(S$ psf pm)
Highest Rental
(S$ psf pm)
Contracts
May 2019 Shop 6.00 6.31 6.61 6.92 7.23 2
May 2019 Office 3.90 4.95 6.00 6.30 6.59 3
Apr 2019 Shop 7.50 7.50 7.50 7.50 7.50 1
Apr 2019 Office 5.37 5.49 5.61 6.30 7.00 3
Mar 2019 Office 6.57 6.57 6.57 6.57 6.57 1
Mar 2019 Shop 4.58 6.21 6.98 8.30 11.61 4
Feb 2019 Office 5.11 5.73 6.12 6.46 6.96 4
Feb 2019 Shop 5.15 5.69 6.24 6.78 7.33 2
Dec 2018 Office 4.87 6.00 6.23 6.47 6.50 6
Dec 2018 Shop 4.49 5.25 5.50 10.29 10.93 5
Nov 2018 Shop 6.00 6.86 7.33 8.30 11.74 5
Nov 2018 Office 6.13 6.22 6.31 6.41 6.50 2
Oct 2018 Shop 6.00 6.00 6.00 6.00 6.00 1
Oct 2018 Office 5.70 5.85 6.00 6.75 7.50 3
Sep 2018 Shop 5.99 6.00 7.00 7.30 9.95 5
Sep 2018 Office 4.48 5.24 6.00 6.03 6.06 3
Aug 2018 Office 5.07 5.08 5.79 6.59 6.85 4
Aug 2018 Shop 6.85 6.92 7.25 7.65 7.99 6
Jul 2018 Office 5.61 5.96 6.30 6.47 6.64 3
Jun 2018 Office 4.77 5.49 6.20 8.10 10.00 3
Jun 2018 Shop 4.91 5.87 7.05 12.56 17.11 6
May 2018 Shop 4.80 5.15 5.50 5.85 6.19 2
May 2018 Office 4.39 4.87 5.34 5.82 6.29 2
Apr 2018 Shop 4.96 7.25 10.22 11.90 14.78 7

Nearby properties

Price and rental comparisons (Up to 50)

Note: Excludes properties with no transactions in the past 6 months. *Prices and rents are based on data in the past 6 months. Rents are based on street names and may not be representative of the subject property.
Source: http://www.squarefoot.com.sg
Marker Project Type Tenure Distance
(m)
Lowest
price*
(S$ psf)
Average
price*
(S$ psf)
Highest
price*
(S$ psf)
Rental
25th*
(S$ psf pm)
Median
Rental*
(S$ psf pm)
Rental
75th*
(S$ psf pm)
Rental yield
(%)
HAVELOCK2 Office 99 Yrs FROM 1983 - 1,451 1,619 1,951 4.95 6.00 6.30 4.4
HAVELOCK2 Shop 99 Yrs FROM 1983 - 2,283 2,283 2,283 6.31 6.61 6.92 3.5
FOOK HAI BUILDING Office 99 Yrs FROM 1972 279 1,136 1,339 1,541 3.77 4.00 4.36 3.6
PEOPLE'S PARK CENTRE Office 99 Yrs FROM 1970 207 2,513 2,513 2,513 3.77 3.89 4.01 1.9
THE CENTRAL Office 99 Yrs FROM 2001 245 1,968 2,547 3,251 - - - -
PEOPLE'S PARK COMPLEX Office 99 Yrs FROM 1968 440 1,800 1,800 1,800 - - - -
CHINATOWN POINT Office 99 Yrs FROM 1980 210 1,794 1,897 2,000 5.65 5.65 5.65 3.6
KRETA AYER CONSERVATION AREA Shop House Freehold 396 9,691 9,691 9,691 7.96 11.54 15.12 1.4
BOAT QUAY CONSERVATION AREA Shop House 999 Yrs FROM 1826 436 5,112 5,112 5,112 4.82 5.05 5.28 1.2

Location of nearby properties

Note: Excludes properties with no transactions in the past 6 months.
Source: http://www.squarefoot.com.sg

Nearby land sales / new launches

There are no nearby land sales or new launches

Appendix: All past transactions

Historical Transactions

Source: URA, http://www.squarefoot.com.sg

Contract
Date
Address Property
Type
Type of
sale
Unit area
(sqft)
Type of
area
Price
(S$ psf)
Price
(S$)
6 Jun 2019 2 Havelock Road #05-22 Office Resale 463 Strata 1,545 715,000
23 May 2019 2 Havelock Road #B1-01 Shop Resale 657 Strata 2,283 1,499,000
17 May 2019 2 Havelock Road #05-21 Office Resale 344 Strata 1,531 527,400
24 Apr 2019 2 Havelock Road #05-20 Office Resale 334 Strata 1,529 510,300
22 Apr 2019 2 Havelock Road #05-16 Office Resale 570 Strata 1,713 977,340
22 Apr 2019 2 Havelock Road #04-16 Office Resale 721 Strata 1,713 1,235,100
17 Apr 2019 2 Havelock Road #04-25 Office Resale 463 Strata 1,465 678,000
17 Apr 2019 2 Havelock Road #04-24 Office Resale 344 Strata 1,455 501,000
1 Apr 2019 2 Havelock Road #04-23 Office Resale 334 Strata 1,451 484,200
26 Mar 2019 2 Havelock Road #05-02 Office Resale 398 Strata 1,951 777,000
12 Mar 2019 2 Havelock Road #04-18 Office Resale 1,604 Strata 1,737 2,786,000
12 Mar 2019 2 Havelock Road #04-17 Office Resale 635 Strata 1,719 1,092,000
8 Oct 2018 2 Havelock Road #04-10 Office Resale 614 Strata 2,021 1,240,000
6 Oct 2017 2 Havelock Road #01-34 Shop Resale 258 Strata 4,175 1,078,500
21 Jul 2017 2 Havelock Road #04-21 Office Resale 495 Strata 2,080 1,030,000
21 Jul 2017 2 Havelock Road #04-03 Office Resale 431 Strata 2,090 900,000
21 Jul 2017 2 Havelock Road #04-02 Office Resale 797 Strata 2,071 1,650,000
21 Jul 2017 2 Havelock Road #04-01 Office Resale 1,593 Strata 2,056 3,275,000
19 Dec 2016 2 Havelock Road #04-08 Office New Sale 506 Strata 2,348 1,188,000
17 Nov 2016 2 Havelock Road #07-10 Office New Sale 366 Strata 2,500 915,000
22 Sep 2016 2 Havelock Road #06-14/15/16 Office New Sale 1,550 Strata 2,374 3,679,699
1 Oct 2015 2 Havelock Road #B1-19 Shop New Sale 6,620 Strata 2,203 14,583,000
1 Oct 2015 2 Havelock Road #02-03 Shop New Sale 7,395 Strata 2,085 15,417,000
2 Sep 2015 2 Havelock Road #B1-16 Shop New Sale 205 Strata 4,342 888,000
12 Aug 2015 2 Havelock Road #B1-24 Shop New Sale 301 Strata 5,063 1,525,800
28 Jul 2015 2 Havelock Road #07-26 Office New Sale 344 Strata 2,703 931,000
28 Jul 2015 2 Havelock Road #07-25 Office New Sale 366 Strata 2,656 972,000
13 Jul 2015 2 Havelock Road #05-03 Office New Sale 398 Strata 2,493 993,000
30 Jun 2015 2 Havelock Road #05-13 Office New Sale 721 Strata 2,460 1,774,000
17 Jun 2015 2 Havelock Road #04-13 Office New Sale 1,625 Strata 2,043 3,320,000
29 May 2015 2 Havelock Road #06-06 Office New Sale 850 Strata 2,461 2,093,000
22 May 2015 2 Havelock Road #06-13 Office New Sale 1,582 Strata 2,185 3,458,000
24 Apr 2015 2 Havelock Road #07-11 Office New Sale 710 Strata 2,527 1,795,000
9 Apr 2015 2 Havelock Road #B1-27 Shop New Sale 161 Strata 5,063 817,490
10 Feb 2015 2 Havelock Road #B1-26 Shop New Sale 151 Strata 5,542 835,100
6 Jan 2015 2 Havelock Road #02-11 Shop New Sale 344 Strata 3,594 1,238,000
23 Dec 2014 2 Havelock Road #06-03 Office New Sale 581 Strata 2,467 1,433,888
19 Dec 2014 2 Havelock Road #05-05 Office New Sale 463 Strata 2,454 1,136,000
18 Dec 2014 2 Havelock Road #01-24 Shop New Sale 215 Strata 4,246 914,000
16 Dec 2014 2 Havelock Road #05-14 Office New Sale 624 Strata 2,425 1,514,000
16 Dec 2014 2 Havelock Road #05-15 Office New Sale 1,593 Strata 2,095 3,337,000
15 Dec 2014 2 Havelock Road #01-14 Shop New Sale 237 Strata 6,243 1,478,300
9 Dec 2014 2 Havelock Road #02-10 Shop New Sale 258 Strata 3,631 938,000
8 Dec 2014 2 Havelock Road #02-33 Shop New Sale 172 Strata 4,080 702,600
7 Nov 2014 2 Havelock Road #06-05 Office New Sale 1,324 Strata 2,198 2,910,000
5 Nov 2014 2 Havelock Road #B1-20 Shop New Sale 215 Strata 5,127 1,103,800
5 Nov 2014 2 Havelock Road #02-01 Shop New Sale 334 Strata 4,000 1,334,700
31 Oct 2014 2 Havelock Road #02-29 Shop New Sale 291 Strata 3,999 1,162,300
29 Oct 2014 2 Havelock Road #07-09 Office New Sale 334 Strata 2,520 841,000
27 Oct 2014 2 Havelock Road #01-25 Shop New Sale 237 Strata 4,427 1,048,300
27 Oct 2014 2 Havelock Road #04-15 Office New Sale 355 Strata 2,354 836,000
27 Oct 2014 2 Havelock Road #07-20 Office New Sale 463 Strata 2,476 1,146,000
27 Oct 2014 2 Havelock Road #01-16 Shop New Sale 334 Strata 5,400 1,801,800
23 Oct 2014 2 Havelock Road #06-12 Office New Sale 624 Strata 2,372 1,481,000
23 Oct 2014 2 Havelock Road #06-11 Office New Sale 710 Strata 2,334 1,658,000
15 Oct 2014 2 Havelock Road #02-30 Shop New Sale 194 Strata 3,985 772,073
14 Oct 2014 2 Havelock Road #02-09 Shop New Sale 366 Strata 3,558 1,302,237
14 Oct 2014 2 Havelock Road #02-31 Shop New Sale 194 Strata 3,985 772,073
10 Oct 2014 2 Havelock Road #07-08 Office New Sale 721 Strata 2,414 1,741,000
10 Oct 2014 2 Havelock Road #07-07 Office New Sale 484 Strata 2,484 1,203,000
3 Oct 2014 2 Havelock Road #06-09 Office New Sale 678 Strata 2,339 1,586,000
23 Sep 2014 2 Havelock Road #01-33 Shop New Sale 258 Strata 4,743 1,225,308
23 Sep 2014 2 Havelock Road #01-19 Shop New Sale 248 Strata 5,646 1,397,700
19 Sep 2014 2 Havelock Road #01-21 Shop New Sale 301 Strata 5,400 1,627,500
19 Sep 2014 2 Havelock Road #07-13 Office New Sale 1,582 Strata 2,115 3,347,000
19 Sep 2014 2 Havelock Road #07-12 Office New Sale 624 Strata 2,504 1,563,000
18 Sep 2014 2 Havelock Road #05-10 Office New Sale 1,249 Strata 2,219 2,771,000
17 Sep 2014 2 Havelock Road #01-20 Shop New Sale 269 Strata 5,507 1,482,000
17 Sep 2014 2 Havelock Road #07-21 Office New Sale 388 Strata 2,514 974,000
17 Sep 2014 2 Havelock Road #03-09 Shop New Sale 1,335 Strata 2,193 2,927,000
15 Sep 2014 2 Havelock Road #06-02 Office New Sale 495 Strata 2,385 1,181,000
11 Sep 2014 2 Havelock Road #05-11 Office New Sale 786 Strata 2,273 1,786,000
10 Sep 2014 2 Havelock Road #05-06 Office New Sale 506 Strata 2,356 1,192,000
10 Sep 2014 2 Havelock Road #07-05 Office New Sale 969 Strata 2,337 2,264,000
9 Sep 2014 2 Havelock Road #05-09 Office New Sale 700 Strata 2,347 1,642,000
9 Sep 2014 2 Havelock Road #05-08 Office New Sale 1,044 Strata 2,206 2,303,000
9 Sep 2014 2 Havelock Road #05-07 Office New Sale 2,357 Strata 1,709 4,028,000
8 Sep 2014 2 Havelock Road #05-12 Office New Sale 355 Strata 2,376 844,000
5 Sep 2014 2 Havelock Road #01-11 Shop New Sale 1,270 Strata 1,959 2,488,600
3 Sep 2014 2 Havelock Road #01-32 Shop New Sale 269 Strata 4,974 1,338,400
3 Sep 2014 2 Havelock Road #06-04 Office New Sale 312 Strata 2,412 753,000
2 Sep 2014 2 Havelock Road #01-40 Shop New Sale 215 Strata 5,096 1,097,000
2 Sep 2014 2 Havelock Road #07-22 Office New Sale 452 Strata 2,496 1,128,195
1 Sep 2014 2 Havelock Road #01-23 Shop New Sale 151 Strata 5,874 885,150
29 Aug 2014 2 Havelock Road #01-07 Shop New Sale 237 Strata 4,607 1,091,000
29 Aug 2014 2 Havelock Road #01-39 Shop New Sale 194 Strata 5,377 1,041,800
29 Aug 2014 2 Havelock Road #01-15 Shop New Sale 269 Strata 5,900 1,587,700
26 Aug 2014 2 Havelock Road #06-08 Office New Sale 1,066 Strata 2,267 2,416,000
26 Aug 2014 2 Havelock Road #01-47 Shop New Sale 172 Strata 4,784 824,000
20 Aug 2014 2 Havelock Road #01-18 Shop New Sale 205 Strata 5,511 1,127,000
20 Aug 2014 2 Havelock Road #07-24 Office New Sale 355 Strata 2,495 886,080
20 Aug 2014 2 Havelock Road #02-28 Shop New Sale 237 Strata 4,442 1,052,000
18 Aug 2014 2 Havelock Road #01-08 Shop New Sale 355 Strata 6,348 2,255,000
18 Aug 2014 2 Havelock Road #06-10 Office New Sale 355 Strata 2,494 886,000
14 Aug 2014 2 Havelock Road #01-13 Shop New Sale 258 Strata 6,562 1,695,200
14 Aug 2014 2 Havelock Road #01-41 Shop New Sale 258 Strata 3,739 966,000

Disclaimer

This report provides information as reference resource for your personal consumption only. It is not intended to be and does not constitute financial advice, investment advice or any other advice. This report has been generated without regard to the individual financial circumstances, needs or objectives of persons who view it. Users should not rely on any of the information herein as authoritative or substitute for the exercise of their own skill and judgment in making any investment or other decision. By the use of our services, you agree that any and all use of this report which you make, is solely at your own risk and without any recourse whatsoever to Square Foot Research Pte. Ltd., its related and affiliate companies and/or their employees. Square Foot Research Pte. Ltd. makes reasonable effort to use reliable and comprehensive information to generate this report, but we make no representation that it is accurate or complete.

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