Square Foot Research Singapore

Check out more Transaction Price, Rents, Trends and Analysis Data for UNION BUILDING on The Edge Property Singapore.
Salespersons can sign up for free!

UNION BUILDING

Configure Report

1. Time period:
2. Property Types:
       
3. Unit size: to
4. Storey: to For sales transactions only
5. Stacks (Separate by comma): For sales transactions only
6. Information to include: Unselect All
       
       
     
7. Hide unit numbers:
8. Anonymise listings:
1. Unit Search  Usage: '20-07', '20-' for storey 20, '-07' for stack 07
2. Nearby amenities 

Project Information

Project Name

UNION BUILDING

Street Name

Tras Street

Property Type

Office

Tenure

Freehold

District / Planning Area

D2 / Downtown Core

Completion

Unknown

Indicative price range / Average*

Office: -

Indicative rental range / Average#

Office: S$ 5.40 - S$ 5.65 psf pm / S$ 5.47 psf pm

Implied rental yield

Office: -

Historical high

Office: S$ 2,028 psf in Sep 2018 for a 388-sqft unit

Indicative average price from historical high

Office: -

Historical low

Office: S$ 418 psf in Jul 2005 for a 861-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

There are no recent transactions


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 7

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
Sold
on
Address Unit area
(sqft)
Sale price
(S$ psf)
Bought
on
Purchase price
(S$ psf)
Profit
(S$)
Holding period
(days)
Annualised
(%)
16 Oct 2018 171 Tras Street #10-179 1,991 1,733 3 Jul 2007 1,173 1,115,000 4,123 3.5
17 Sep 2018 171 Tras Street #09-177 388 2,028 4 Oct 2011 1,806 85,700 2,540 1.7
18 Mar 2015 171 Tras Street #07-173 926 1,728 15 Jul 2008 1,300 396,590 2,437 4.4
16 Mar 2012 171 Tras Street #05-173 926 1,610 11 Oct 2004 540 990,000 2,713 15.8
4 Oct 2011 171 Tras Street #09-177 388 1,806 25 Aug 2008 1,187 240,000 1,135 14.5
15 Jul 2008 171 Tras Street #07-173 926 1,300 26 Apr 2005 486 753,410 1,176 35.7
3 Jul 2007 171 Tras Street #10-179 1,991 1,173 5 Jun 2007 929 485,000 28 >1000

Unprofitable Transactions
Total 6

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
Sold
on
Address Unit area
(sqft)
Sale price
(S$ psf)
Bought
on
Purchase price
(S$ psf)
Profit
(S$)
Holding period
(days)
Annualised
(%)
25 Sep 2009 171 Tras Street #08-177 667 1,038 19 May 1995 1,274 -157,000 5,243 -1.4
1 Jul 2005 171 Tras Street #04-175 861 418 23 Apr 1997 1,103 -590,000 2,991 -11.2
26 Apr 2005 171 TRAS STREET #07-173 926 486 14 Jan 2002 637 -140,000 1,198 -7.9
11 Oct 2004 171 Tras Street #05-173 926 540 19 Aug 2002 627 -80,000 784 -6.7
19 Aug 2002 171 Tras Street #05-173 926 627 12 Sep 1995 1,050 -392,300 2,533 -7.2
14 Jan 2002 171 Tras Street #07-173 926 637 6 Jan 1997 1,200 -521,200 1,834 -11.8

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
  25 Apr 2019 115 Office 550 2,800 5.1 Jonathan Hoon 90093277
  23 Apr 2019 117 Office 635 3,492 5.5 Jonathan Hoon 90093277
  18 Apr 2019 122 Office 550 2,900 5.3 Martin Ng 83388842
  13 Apr 2019 127 Office 400 1,680 4.2 Gracelynn Zhu 81290009
  8 Apr 2019 132 Office 400 2,000 5.0 Robert Foo 98456688
  6 Apr 2019 134 Office 400 1,900 4.8 Ivan Yong 91854584
  27 Mar 2019 144 Office 635 2,850 4.5 Charmaine Leong 97630483
  20 Mar 2019 151 Office 635 2,900 4.6 David Ng 97677728
  19 Mar 2019 152 Office 300 2,900 9.7 Irene Chong 90093990
  6 Mar 2019 165 Office 635 2,849 4.5 Eric Chia 90037126
  22 Feb 2019 177 Office 635 2,800 4.4 Mandy Tan 92229601
  4 Feb 2019 195 Office 636 2,850 4.5 Ken Wee 97111924
  28 Jan 2019 202 Office 635 2,900 4.6 Irene Chong 90093990
  14 Jan 2019 216 Office 600 2,800 4.7 Andra Kwok 85693009
  14 Jan 2019 216 Office 635 2,850 4.5 Andra Kwok 85693009
  14 Jan 2019 216 Office 635 2,850 4.5 Karl Khan 93380060
  27 Dec 2018 234 Office 635 2,858 4.5 Mike Chin 81810258
  7 Dec 2018 254 Office 100 450 4.5 Preston Tan 92971730
  6 Dec 2018 255 Office 635 2,858 4.5 Robert Foo 98456688
  6 Dec 2018 255 Office 5,000 19,000 3.8 Kong Chong Phang - 84822888
  4 Dec 2018 257 Office 635 3,175 5.0 Dilson Tan 96567475
  4 Dec 2018 257 Office 5,000 25,000 5.0 Yeo Patrick 97776936
  28 Nov 2018 263 Office 635 2,857 4.5 Daniel Tong 96914334
  26 Nov 2018 265 Office 635 2,857 4.5 Eric Kwek 90084663
  17 Apr 2018 488 Office 5,000 19,000 3.8 Jacqlyn Lee 96946579
  3 Jan 2018 592 Office 5,000 25,000 5.0 Catherine Lau 93873180
  29 Nov 2017 627 Office 5,000 25,000 5.0 APRIL ANG 94310928
  31 Oct 2017 656 Office 5,000 25,000 5.0 Yen Suan Lim 91278903
  24 Oct 2017 663 Office 5,000 25,000 5.0 Chris Ng 93696720

Historical rental along TRAS STREET

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 Office 5.26 5.40 5.47 5.65 7.30 6
Apr 2019 Office 3.11 4.21 4.50 5.19 5.25 7
Mar 2019 Office 1.53 4.13 5.10 5.28 5.54 4
Feb 2019 Office 5.59 5.59 5.59 5.59 5.59 1
Dec 2018 Office 2.23 2.42 2.60 2.79 2.97 2
Nov 2018 Office 3.40 3.97 4.55 5.12 5.70 2
Oct 2018 Office 7.39 7.39 7.39 7.39 7.39 1
Sep 2018 Office 2.46 2.46 2.46 2.46 2.46 1
Aug 2018 Office 2.91 4.47 5.10 5.30 5.60 4
Jul 2018 Office 3.47 4.32 4.85 5.27 5.80 4
Jun 2018 Office 3.78 4.49 4.99 5.29 5.39 5
May 2018 Office 3.26 4.39 5.40 5.40 5.53 5
Apr 2018 Office 4.23 4.42 4.61 4.80 4.99 2
Mar 2018 Office 3.57 4.30 5.29 5.72 6.00 7
Feb 2018 Office 5.29 5.46 5.65 6.10 7.00 4
Jan 2018 Office 5.09 5.17 5.85 6.93 8.20 4
Dec 2017 Office 4.90 4.99 5.08 5.16 5.25 2
Nov 2017 Office 3.37 3.37 3.37 3.37 3.37 9
Oct 2017 Office 3.81 4.99 5.00 5.14 7.47 5
Sep 2017 Office 2.87 2.93 3.98 5.95 8.80 4
Aug 2017 Office 4.88 5.04 5.20 6.02 6.85 3
Jul 2017 Office 3.81 4.35 4.88 5.03 5.19 3
Jun 2017 Office 2.96 3.57 4.54 5.52 6.20 4
May 2017 Office 5.09 5.32 5.65 6.13 6.80 4

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
(%)
INTERNATIONAL PLAZA Office 99 Yrs FROM 1970 254 1,720 1,876 2,117 5.81 6.45 7.47 4.1
INTERNATIONAL PLAZA Shop 99 Yrs FROM 1970 254 1,875 1,875 1,875 7.47 7.74 8.37 5.0
REALTY CENTRE Office Freehold 62 3,221 3,221 3,221 3.91 3.91 3.91 1.5
SOUTHPOINT Office Freehold 318 2,444 2,444 2,444 6.30 6.30 6.30 3.1
EON SHENTON Office 99 Yrs FROM 2011 264 2,075 2,075 2,075 4.74 5.59 7.58 3.2
PS100 Office 99 Yrs FROM 2011 162 2,639 2,639 2,639 6.26 6.42 6.73 2.9

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$)
16 Oct 2018 171 Tras Street #10-179 Office Resale 1,991 Strata 1,733 3,450,000
17 Sep 2018 171 Tras Street #09-177 Office Resale 388 Strata 2,028 785,700
18 Apr 2016 171 Tras Street #08-171 Office Resale 635 Strata 1,886 1,198,000
18 Mar 2015 171 Tras Street #07-173 Office Resale 926 Strata 1,728 1,600,000
16 Mar 2012 171 Tras Street #05-173 Office Resale 926 Strata 1,610 1,490,000
8 Mar 2012 171 Tras Street #04-179 Office Resale 947 Strata 1,636 1,550,000
24 Nov 2011 171 TRAS STREET #06-171 Office Resale 635 Strata 1,354 860,000
4 Oct 2011 171 Tras Street #09-177 Office Resale 388 Strata 1,806 700,000
25 Sep 2009 171 Tras Street #08-177 Office Resale 667 Strata 1,038 693,000
25 Aug 2008 171 Tras Street #09-177 Office Resale 388 Strata 1,187 460,000
15 Jul 2008 171 Tras Street #07-173 Office Resale 926 Strata 1,300 1,203,410
3 Jul 2007 171 Tras Street #10-179 Office Resale 1,991 Strata 1,173 2,335,000
5 Jun 2007 171 Tras Street #10-179 Office Resale 1,991 Strata 929 1,850,000
1 Jul 2005 171 Tras Street #04-175 Office Resale 861 Strata 418 360,000
26 Apr 2005 171 TRAS STREET #07-173 Office Resale 926 Strata 486 450,000
11 Oct 2004 171 Tras Street #05-173 Office Resale 926 Strata 540 500,000
19 Aug 2002 171 Tras Street #05-173 Office Resale 926 Strata 627 580,000
14 Jan 2002 171 Tras Street #07-173 Office Resale 926 Strata 637 590,000
6 Apr 2001 171 Tras Street #06-179 Office Resale 614 Strata 733 450,000
2 Apr 2001 171 Tras Street #06-177 Office Resale 710 Strata 774 550,000
1 Sep 2000 171 Tras Street #09-179 Office Resale 818 Strata 831 680,000
9 Jun 1999 171 TRAS STREET #05-175 Office Resale 614 Strata 757 465,000
15 Sep 1997 171 Tras Street #05-177 Office Resale 710 Strata 1,126 800,000
23 Apr 1997 171 Tras Street #04-175 Office Resale 861 Strata 1,103 950,000
6 Jan 1997 171 Tras Street #07-173 Office Resale 926 Strata 1,200 1,111,200
26 Sep 1996 171 Tras Street #09-173 Office Resale 915 Strata 1,301 1,190,000
12 Sep 1995 171 Tras Street #05-173 Office Resale 926 Strata 1,050 972,300
19 May 1995 171 TRAS STREET #08-177 Office Resale 667 Strata 1,274 850,000

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.

CONTACT US

For enquiries, drop us an email at This email address is being protected from spambots. You need JavaScript enabled to view it.

For support, contact us at This email address is being protected from spambots. You need JavaScript enabled to view it.