Square Foot Research Singapore

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THE VERVE

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Project Information

Project Name

THE VERVE

Street Name

Jalan Rajah

Property Type

Apartment

Tenure

Freehold

District / Planning Area

D12 / Novena

Completion

2012

Number of units

106 units

Indicative price range / Average*

S$ 1,165 - S$ 1,631 psf / S$ 1,388 psf

Indicative rental range / Average*

S$ 3.33 - S$ 7.78 psf pm / S$ 5.24 psf pm

Implied rental yield

4.53%

Historical high

S$ 1,733 psf in Jun 2012 for a 441-sqft unit

Indicative average price from historical high

-19.9%

Historical low

S$ 606 psf in Feb 2010 for a 1,485-sqft unit

Buyer profile by status#

Singaporean 76.3%, PR 12.6%, Foreigner 11.2%, Company 0.0%

Buyer profile by purchaser address#

HDB 49.3%, Private 50.7%

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
(%)
THE VERVE Freehold 2012 - 1,165 1,388 1,631 3.33 5.39 7.78 4.7
SKYSUITES17 Freehold 2014 62 1,696 1,836 1,928 4.92 7.16 9.43 4.7
ASCENT @ 456 Freehold 2017 126 1,407 1,430 1,452 4.53 5.36 6.00 4.5
DE ROYALE Freehold 2006 143 1,593 1,593 1,593 2.80 3.65 5.04 2.7
VA RESIDENCES Freehold 2016 195 1,482 1,531 1,612 4.31 4.92 5.82 3.9
BOON TECK TOWERS Freehold 1984 233 1,207 1,207 1,207 - - - -
VIIO @ BALESTIER Freehold 2018 261 1,763 1,763 1,763 4.35 5.90 8.00 4.0
BOON TECK APARTMENTS Freehold 1990 285 1,220 1,220 1,220 - - - -
THE MARQUE @ IRRAWADDY Freehold 2009 313 1,560 1,560 1,560 3.58 4.35 4.94 3.3
NOVA 48 Freehold 2011 315 1,699 1,715 1,730 3.22 4.02 5.08 2.8

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 12 May 2018

(Now known as Peak Residence)

Street
Site use Residential
Sale Type
Tenure 0
Site area (sqm) 5,330.6
Site GFA (sqm) 7,462.8
Highest bid ($m) 118.9
Highest bid ($psf) 1,558.0
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 Tuan Sing Holdings and Rich Capital Holdings

on 18 Jun 2018

(Now known as Verticus)

Street
Site use Residential
Sale Type
Tenure 0
Site area (sqm) 4,072.0
Site GFA (sqm) 11,401.6
Highest bid ($m) 150.0
Highest bid ($psf) 1,111.0
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 Solibuild Group 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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