Square Foot Research Singapore

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PRISTINE HEIGHTS

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Project Information

Project Name

PRISTINE HEIGHTS

Street Name

Mergui Road

Property Type

Apartment

Tenure

Freehold

District / Planning Area

D8 / Kallang

Completion

2009

Number of units

60 units

Indicative price range / Average*

-

Indicative rental range / Average*

S$ 3.71 - S$ 5.47 psf pm / S$ 4.89 psf pm

Implied rental yield

-

Historical high

S$ 1,588 psf in Oct 2022 for a 850-sqft unit

Indicative average price from historical high

-

Historical low

S$ 729 psf in Jun 2007 for a 2,099-sqft unit

Buyer profile by status#

Singaporean 67.0%, PR 17.9%, Foreigner 15.2%, Company 0.0%

Buyer profile by purchaser address#

HDB 32.4%, Private 67.6%

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
(%)
PRISTINE HEIGHTS Freehold 2009 - 1,426 1,507 1,588 3.71 4.89 5.47 3.9
FORTE SUITES Freehold 2016 107 1,863 1,863 1,863 4.62 5.69 6.69 3.7
CITYSCAPE @FARRER PARK Freehold 2014 133 1,519 1,568 1,634 2.81 4.46 6.40 3.4
KENTISH GREEN 99 yrs FROM 1995 1999 140 1,208 1,287 1,366 2.64 3.69 4.48 3.4
KENTISH LODGE 99 yrs FROM 1995 1998 155 1,085 1,171 1,315 2.61 3.62 4.63 3.7
OXFORD SUITES Freehold 2010 159 1,534 1,534 1,534 3.51 4.35 5.41 3.4
KENTISH COURT 99 yrs FROM 1995 1999 197 1,211 1,214 1,217 3.41 4.07 4.57 4.0
SUITES 123 Freehold 2011 258 1,258 1,258 1,258 5.23 5.34 5.45 5.1
BLISS REGALIA Freehold 2009 265 1,005 1,005 1,005 - - - -
SUITES @ OWEN Freehold 2009 327 1,442 1,442 1,442 5.08 5.08 5.08 4.2

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 31 Mar 2015

(Now known as Sturdee Residences)

Street
Site use Residential
Sale Type
Tenure 99
Site area (sqm) 6,111.5
Site GFA (sqm) 21,391.0
Highest bid ($m) 181.2
Highest bid ($psf) 786.9
Number of bids 16
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 SL Capital (1) Pte Ltd

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 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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