DAILY MARKET UPDATES 12th July 2008

Tampines Court collective sale in peril
The sales committee at Tampines Court delayed seeking mandatory STB approval for the deal and is now caught in a deadline trap. July 25 is when the estate's sales committee must complete the deal. But that looks impossible after the Strata Titles Board ruled that it would not bring forward an Aug 7 hearing to allow testimony from witnesses that have yet to be called. Until that Aug 7 hearing is conducted, the sale cannot be signed and sealed. This might be a blessing in disguise for some owners at the estate. The deal was inked before the property boom at prices around $430 psf, but private homes in Tampines now go from $550 to $700 psf. Tampines Court is a 702,162 sq ft site with 560 units. It could be redeveloped into a new condominium with around 1,580 units averaging 1,300 sq ft. The buyers are Fraser Centrepoint and Far East Organization.

- The Business Times, S36



MM Lee: Next 5 to 10 years the most promising for S'pore
Minister Mentor Lee Kuan Yew thinks the next 5 to 10 years will be the most promising in the country's history. He said that if there are no big recessions worldwide, growth can easily be 4 to 6%, maybe 7 to 8%.

- The Straits Times, P1



Company Briefs - Cambridge buys property
Cambridge Industrial Trust is acquiring Natural Cool Lifestyle Hub at 29 Tai Seng Avenue for $55.2 million.

- The Business Times, P8



China's 45% FDI jump adds to inflation risks
Foreign direct investment in China rose 45.6% in the first half from a year earlier, swelling inflows of cash that may add to inflation. China is adding controls to try to stem inflows of speculative capital from investors attracted by a strengthening yuan and interest rates. The yuan has gained 6.8% versus the US dollar this year. The key one-year lending rate is 7.47 per cent, and the deposit rate is 4.14 per cent.

- The Business Times, P12




Mapletree starts work on Shah Alam logistics park
Mapletree Investments Pte Ltd (MIPL), a fully-owned subsidiary of Temasek Holdings, announced the start of construction for its 10-hectare logistics park in Shah Alam, Malaysia. When completed, the project will have an estimated $60 million value. The facility will have 60,000 sq m (nearly 646,000 sq ft) gross floor area in three single-storey warehouses with mezzanine offices.
- The Business Times, P4


Jubilee Residence
- Open house
- Freehold, foreigners eligible
- 353 Pasir Panjang Road
- Developer: Choregeo Pte Ltd
- Marketing agent: Savills
- Expected TOP: 31 Aug 2008
- The Straits Times, P12 - advertisement
Palm Galleria
- Freehold, foreigners eligible
- 40 units
- Last 2-bedroom penthouse unit at $998,000 (1,507 sqft)
- Exclusive 3-bedroom units from $778,000 onwards
- Attractive commission for agents
- 5% down payment
- Interest absorption scheme
- Sales office at Lorong K Telok Kurau
- Developer: World Class Land
- Expected TOP: 31 Oct 2010
- The Straits Times, P14 - advertisement
Espira Residence
- 16 freehold units
- Foreigners eligible
- 5% down payment
- 2-bedroom unit for $687,000 (883 sqft) at $778 psf only
- Last project with deferred payment scheme
- Sales office at Lorong K Telok Kurau
- Developer: World Class Land
- Marketing agent: L2 Group
- Expected TOP: 31 Oct 2010
- The Straits Times, P14 - advertisement
Shelford Suites
- 77 freehold units
- Walking distance to Botanic Gardens MRT Station
- Approved deferred payment scheme
- Shelford Road
- Developer: City Developments
- Marketing agent: CBRE, Savills
- Expected TOP: 30 June 2011
- The Straits Times, P20 - advertisement
Charlton Villas
- Charlton Lane
- Freehold strata homes
- 39 strata terraces, 4 semi-Ds
- 4-bedrooms: 2,723 – 4,026 sqft
- Special financing package
- Developer: Hoi Hup Realty
- Marketing agent: Huttons
- The Straits Times, P28 - advertisement
OLA Residences @ Mountbatten
- Freehold condo
- Selected units with private pools
- 50 units of 1+1, 2, 3, 4- bedroom and penthouses
- 839 Mountbatten Road
- Expected TOP: 31 Dec 2012
- Developer: Lian Beng Group
- Marketing agent: Savills
- The Straits Times, S7 - advertisement
Parc Sophia
- 8, 10, 12 Adis Road
- Near Plaza Singapura and Dhoby Ghaut MRT station
- 152 freehold apartments
- 1, 1+1, 2-bedroom apartments
- Special financing package
- Developer: Oxley
- Marketing agent: Huttons
- TOP no later than 31 Dec 2013
- The Straits Times, P47 - advertisement
Signature at Lewis
- Freehold
- No 1 Lewis Road
- 32 units
- Expected TOP: 31 Dec 2011
- Developer: Hiap Hoe
- Marketing agents: OrangeTee, HSR
- The Straits Times, P49 - advertisement
Dakota Residences
- 2, 3, 4 bedroom apartments: 1,023 – 1,894 sqft
- Foreigners eligible
- Zero instalment home loan package up till TOP by DBS
- Dakota Crescent
- 99-year leasehold from 11 Sept 2007
- Developer: HO Bee Group and NTUC Homes
- Marketing agents: DTZ, CBRE
- The Straits Times, P52 - advertisement
Kovan Residence
- 8 towers
- 2, 3, 4-bedroom apartments and penthouses
- 99-years leasehold w.e.f 31 Dec 2007
- Developer: Centurion Kovan
- Marketing agent: DTZ
- The Straits Times, front of Home section - advertisement
Breeze by the East
- New choice units released
- Stamp duty absorbed
- Upper East Coast Road
- 88 freehold apartments
- 3, 4-bedroom units and penthouses
- Attractive UOB financing packaging
- Expected TOP: 31 Jul 2011
- Developer: UOL Group
- Marketing agent: ERA
- The Straits Times, H2 - advertisement
Livia
- 99-years
- 2 to 4-bedroom apartments and penthouses
- 8-minutes walk to Pasir Ris MRT
- Pasir Ris Drive 1
- Expected TOP: 31 Dec 2011
- Developer: City Developments
- Marketing agents: ERA, Knight Frank
- Free weekend shuttle service from Pasir Ris & Tampines MRT Stations
- The Straits Times, H6-7 – advertisement
Clover by the Park
- Phase 1: more than 70% sold
- Choice units available from $867,000
- 616 units
- Two 39-storey towers
- 3, 4-bedroom and penthouses
- Attractive financing package
- Bishan Road
- 99-years leasehold w.e.f. 10 Sept 2007
- Developer: Sim Lian Group
- The Straits Times, H9 – advertisement
The Amery
- Choice units from $775 psf
- Freehold condo
- 78 units
- 74,6000 sq ft of land
- 3, 3+study, 4 bedrooms and penthouses
- Foreigners eligible
- Lorong K Telok Kurau
- Developer: Sim Lian Group
- The Straits Times, H11 - advertisement

­ ST Index change 2,926.84 (+25.26)