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MULBERRY TREE

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Project Information

Project Name

MULBERRY TREE

Street Name

Moulmein Road

Property Type

Apartment

Tenure

Freehold

District / Planning Area

D11 / Novena

Completion

2010

Number of units

32 units

Indicative price range / Average*

-

Indicative rental range / Average*

S$ 3.68 - S$ 7.56 psf pm / S$ 5.99 psf pm

Implied rental yield

-

Historical high

S$ 1,858 psf in Jul 2011 for a 431-sqft unit

Indicative average price from historical high

-

Historical low

S$ 1,032 psf in Oct 2008 for a 1,356-sqft unit

Buyer profile by status#

Singaporean 85.5%, PR 12.7%, Foreigner 1.8%, Company 0.0%

Buyer profile by purchaser address#

HDB 50.9%, Private 49.1%

Note: *Based on contracts in the last 6 months. #Based on all available caveats, it does not represent the breakdown of current owners.

Location

Transaction Prices, Rents, Trends and Analysis

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Nearby properties

Price Comparison (Up to 10)

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

Rental Comparison (Up to 10)

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

Price and rental comparisons (Up to 10)

Note: Excludes properties with no transactions in the past 6 months, except for Subject Property. *Prices and rentals are based on data in the past 6 months. If Subject Property does not have transactions during this period, data shown is from the 6-month period from last transaction date.
Source: https://www.squarefoot.com.sg
Marker Project Tenure Completion Distance
(m)
Lowest price*
(S$ psf)
Average price*
(S$ psf)
Highest price*
(S$ psf)
Lowest rental*
(S$ psf pm)
Average rental*
(S$ psf pm)
Highest rental*
(S$ psf pm)
Rental yield
(%)
MULBERRY TREE Freehold 2010 - 1,514 1,706 1,780 3.68 6.01 7.56 4.2
NOVELIS Freehold 2008 85 1,816 1,887 1,957 5.41 5.71 6.00 3.6
1 MOULMEIN RISE Freehold 2003 131 1,923 2,000 2,100 4.00 4.00 4.00 2.4
CITY EDGE Freehold 2007 159 1,762 1,792 1,822 4.12 5.60 7.33 3.7
BIRMINGHAM MANSIONS Freehold 1998 170 1,724 1,724 1,724 3.24 3.89 4.76 2.7
NEU AT NOVENA Freehold Uncompleted 173 2,551 2,686 2,970 - - - -
STRATA Freehold 2006 181 1,694 1,819 2,046 3.62 5.70 7.67 3.8
ADRIA Freehold 2013 185 2,002 2,002 2,002 5.29 6.45 7.54 3.9
NOVENA SUITES Freehold 2004 201 2,111 2,111 2,111 5.38 6.24 6.85 3.5
SOLEIL @ SINARAN 99 yrs FROM 2006 2011 208 1,824 2,014 2,176 3.71 6.79 9.22 4.0

Location of nearby properties

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

Nearby land sales / new launches

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Status Name Location Land attributes Estimated Breakeven

on 30 May 2018

(Now known as Neu at Novena)

Street
Site use Residential
Sale Type
Tenure fh
Site area (sqm) 2,062.2
Site GFA (sqm) 6,689.3
Highest bid ($m) 106.0
Highest bid ($psf) 1,472.2
Number of bids
Remarks
Land ($m) XX
Construction ($m) XX
Land Financing ($m) XX
Professional / Legal / Taxes ($m) XX
Marketing / Others ($m) XX
Est. Total Cost ($m) XX
Est. Breakeven ($psf ppr) XX
Developer RH Novena Pte Ltd (Roxy-Pacific)

on 8 Nov 2017

(Now known as 35 Gilstead)

Street
Site use Residential
Sale Type
Tenure 0
Site area (sqm) 3,528.0
Site GFA (sqm) 4,939.0
Highest bid ($m) 87.1
Highest bid ($psf) 1,638.0
Number of bids 11
Remarks
Land ($m) XX
Construction ($m) XX
Land Financing ($m) XX
Professional / Legal / Taxes ($m) XX
Marketing / Others ($m) XX
Est. Total Cost ($m) XX
Est. Breakeven ($psf ppr) XX
Developer Tee Land

on 13 Dec 2017

(Now known as Fyve Derbyshire)

Street
Site use Residential
Sale Type
Tenure 0
Site area (sqm) 1,719.3
Site GFA (sqm) 4,938.1
Highest bid ($m) 73.9
Highest bid ($psf) 1,390.0
Number of bids 7
Remarks
Land ($m) XX
Construction ($m) XX
Land Financing ($m) XX
Professional / Legal / Taxes ($m) XX
Marketing / Others ($m) XX
Est. Total Cost ($m) XX
Est. Breakeven ($psf ppr) XX
Developer Roxy-Pacific Holdings

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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