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Subscribe to this list via RSS Blog posts tagged in condo on Guillemard

Big Drop in The Number of Private Properties Sold in December 2013 Vs November 2013

Aerial View - 800

Figure 1: Guillemard Residences

The URA released figures today that showed a plunge in both the number of properties sold (-80%) and the number of units launched in December 2013 when compared to November 2013. The cooling measures, especially the TDSR, are taking a real toll on property sales as is evident from these figures and more visibly from the low traffic at showflats in recent times. The TDSR has sidelined buyers who do not meet the 60% debt ratio, reduced the funds of others and generally made buyers more cautious. Worries about interest rates and the reduction in quantitative easing in the US may have an impact on sentiment. Finally, the decline in HDB resale prices may dampen the flow of upgraders from HDB to private property. All these factors appear to support a slow down in sales and prices in the near future.


Table 1: Number of Units Sold Per Month 

Month Total
December 2013 333
November 2013 1714


Of the 333 units sold in December, 74 units were ECs of which 24 were from Forestville EC in Woodlands and another 18 from Skypark Residences EC in Sembawang. The median psf for these two ECs were 736 and 791 respectively. The best selling private developments were Guillemard Residences (26 out of 146 units, 1494psf), The Glades (1477psf) and La Fiesta (1197 psf). These are located in the Guillemard, Tanah Merah and Sengkang areas, all in OCR or RCR. 

*This author notes that the range of psf values above overlap some freehold psfs which means that even in this climate, decent freehold deals can be found if one knows where to look. 

Singapore Business Review (see mentions estimates of a 5% drop in property prices in 2014 Vs. a small gain of 1.2% in 2013. The total number of units is also estimated to drop from 15015 in 2013 to 12500-14500 in 2014. The sizeable supply coming onstream as well as the general sentiment of the buyers of a price correction will also put more downward pressure on prices. It's becoming a buyers market but any property in a good location and priced attractively will still generate interest and sales.

Another article in SBR ( mentioned more data that expects a 5% drop in 2014 and 5-15% drop in prices in 2015. The 4th quarter of 2013 saw the first drop in prices in 7 quarters and prices are not 61% above the last trough in 2Q09.


Table 2: Number of Units Launched Per Month

Month Total
December 2013 118
November 2013 2172


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A Comparison of New Launches in the Geylang/Guillemard Area

Here's a quick comparison of two condos currently on sale in the Geylang/Guillemard Area. These are Guillemard Suites and Rezi ThreeTwo and they are very similar except that Guillemard Suites has more units and unit types to choose from and has a Guillemard address as opposed to a Geylang address. The choice between the two may boil down finer characteristics such as layout of the various units and finishings.


Feature Guillemard Suites Rezi ThreeTwo
Developer MK25 Pte Ltd Development 32 P/L (Joint Venture between TEE Realty P/L, Heeton and Kim Seng Realty P/L
Address  213, Guillemard Road, S399733 48 Lorong 32 Geylang, S398308
District 14 14
Region Central Central
Tenure Freehold  Freehold
Site Area 29430  13,287 sqft
Plot Ratio 2.8  2.8
Basic Design 3 5-storey blocks 1 8-storey block
T.O.P. 31/12/17  31/12/2017
Residential Units 146 65
Nearest MRT/Distance  Mountbatten Dakota
Unit Types 1 bedroom duplex 1 bedroom + study
1 bedroom Penthouse 2 bedroom
2 bedroom 3 bedroom
2 bedroom+study
2 bedroom Penthouse
3 Bedroom
3 bedroom+study Penthouse
Dual Key Friendly Yes No


Photo of Guillemard Suites:

Aerial View - 800


Photo of Rezi ThreeTow

Rezi 3Two Front View 800

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