Square Foot Research Singapore

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OCEAN FRONT SUITES

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Project Information

Project Name

OCEAN FRONT SUITES

Street Name

Jalan Loyang Besar

Property Type

Apartment

Tenure

946 Yrs FROM 1937

District / Planning Area

D17 / Pasir Ris

Completion

2014

Number of units

58 units

Indicative price range / Average*

S$ 1,516 - S$ 1,528 psf / S$ 1,522 psf

Indicative rental range / Average*

S$ 4.00 - S$ 5.71 psf pm / S$ 5.07 psf pm

Implied rental yield

4.00%

Historical high

S$ 1,611 psf in Oct 2013 for a 398-sqft unit

Indicative average price from historical high

-5.5%

Historical low

S$ 855 psf in Nov 2016 for a 807-sqft unit

Buyer profile by status#

Singaporean 71.4%, PR 25.7%, Foreigner 2.9%, Company 0.0%

Buyer profile by purchaser address#

HDB 59.7%, Private 40.3%

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
(%)
OCEAN FRONT SUITES 946 Yrs FROM 1937 2014 - 1,516 1,522 1,528 4.00 5.07 5.71 4.0
COASTAL VIEW RESIDENCES 999 Yrs FROM 1885 2009 28 1,085 1,100 1,114 3.22 3.58 3.87 3.9
JLB RESIDENCES 946 Yrs FROM 1937 2008 35 1,253 1,253 1,253 3.16 3.28 3.41 3.1
RIPPLE BAY 99 yrs FROM 2011 2015 99 1,130 1,313 1,570 2.84 4.66 6.89 4.3
SEA ESTA 99 Yrs FROM 2012 2015 122 1,067 1,191 1,345 3.24 4.27 5.45 4.3
LIGHTHOUSE 99 yrs FROM 1993 2004 184 786 786 786 2.24 2.44 2.64 3.7
RIZ HAVEN 946 yrs FROM 1938 2010 233 1,124 1,124 1,124 - - - -
WATERCREST 999 Yrs FROM 1885 1993 316 952 952 952 2.07 3.05 3.81 3.8
CASA PASIR RIS 946 Yrs FROM 1938 1997 319 799 906 1,013 2.04 2.34 2.80 3.1
BLUWATERS 2 946 yrs FROM 1938 2010 359 1,017 1,017 1,017 2.60 2.88 3.41 3.4

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

The developer's estimated breakeven is for subscribers only. Subscribe now to see every bit of information!
Status Name Location Land attributes Estimated Breakeven

on 12 May 2011

(Now known as Ripple Bay)

Street
Site use Residential
Sale Type
Tenure 99
Site area (sqm) 27,054.8
Site GFA (sqm) 56,816.0
Highest bid ($m) 246.1
Highest bid ($psf) 402.4
Number of bids 3
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 MCL Land

on 10 Oct 2011

(Now known as Sea Esta)

Street
Site use Residential
Sale Type
Tenure 99
Site area (sqm) 17,274.2
Site GFA (sqm) 36,276.0
Highest bid ($m) 141.0
Highest bid ($psf) 361.0
Number of bids 13
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 Hoi Hup & Sunway

on 12 Oct 2011

(Now known as Watercolours)

Street
Site use EC
Sale Type
Tenure 99
Site area (sqm) 18,576.1
Site GFA (sqm) 39,009.8
Highest bid ($m) 122.2
Highest bid ($psf) 291.1
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 EVIA 34% & UE 30% & Ho Lee 21% & GPS 15%

on 26 Nov 2012

(Now known as Sea Horizon)

Street
Site use EC
Sale Type
Tenure 99
Site area (sqm) 27,660.0
Site GFA (sqm) 58,086.0
Highest bid ($m) 207.0
Highest bid ($psf) 331.1
Number of bids 10
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 Hao Yuan

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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