THEEDGE SINGAPORE |  MARCH 30, 2009 •�

Done Deals

The Edge Singapore Property Transaction Tracker

B ased on caveats lodged with the URA Realis website in the first two weeks of March, the frontrunners in terms of transactions are clear-ly Frasers Centrepoint’s. The Cas-

pian mass-market condominium in Jurong and mid-end Alexis on Alexandra Road in the primary-home-sales market.

In the secondary market, the Kim Seng Road area is looking interesting with three

THEEDGE SINGAPORE  |  MARCH 30, 2009 • 1

The Cosmopolitan settles at $1,200 psf

new condo developments — the 228-unit The Cosmopolitanby Wheelock Properties, which was completed last year, and two other con-do projects (The Trillium and Tribeca) where construction is well underway. In the first two weeks of March, there were three caveats for The Cosmopolitan with units changing hands at prices ranging from $1,193 psf to $1,280 psf. “It looks like sellers are more realistic in their pricing,” says Steven Ming, director of investment sales at Savills Singapore.

The new price level in the area seems to have settled at the $1,200 psf level. Fur-ther down Kim Seng Road is City Develop-ments Ltd’s Tribeca, located next door to the Grand Waterfront Copthorne Hotel. A 517 sq ft unit changed hands in the sub-sale mar-ket for $620,000 or $1,200 psf, according to a March 9 caveat.

Prices have been softening in line with the rest of the high-end market. In January, ca-veats were lodged for four apartments at The Cosmopolitan at $1,230 psf to $1,310 psf, with one done at $1,150 psf. In October last year, there were a total of seven caveats lodged for the luxury condo: four at $1,500 psf to $1,550 psf, one at $1,420 psf and another at the end of the month at $1,284 psf.

The property was soft-launched in late 2005 with prices in the $950 psf to $1,000 psf range. Prices in the condo started to move up steadily and reached their peak in 2Q to 3Q2007 when 15 units changed hands in the sub-sale market at $2,000 psf and above. In 1Q2008, units were still changing hands at prices in the $1,900 psf to $1,950 psf range, according to URA Realis.

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DoneDeals

The 228-unit The Cosmopolitan by Wheelock Properties were completed

late last year.

� • THEEDGE SINGAPORE  |  MARCH 30, 2009

Done Deals Apartment and condo transactions with contract dates from March 1 to 13

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PRojECT  ConTRACT    FlooR AREA  TRAnsACTEd   UniT PRiCE  CoMPlETion  TyPE oF  PURCHAsER   dATE  TEnURE  (sq FT)  PRiCE ($)  ($ PsF)  dATE  sAlE  AddREssDistrict 1 THE SAIL @ MARINA BAY 6-Mar-09 99 years 904.176 1,100,000 1,217 2008 Sub Sale HDBTHE SAIL @ MARINA BAY 3-Mar-09 99 years 592.02 700,000 1,182 2008 Sub Sale HDBDistrict 2 THE BEACON 12-Mar-09 99 years 1108.692 810,000 731 2008 Sub Sale HDBCRAIG PLACE 10-Mar-09 99 years 559.728 562,000 1,004 2000 Resale PrivateTHE BEACON 9-Mar-09 99 years 1485.432 1,070,000 720 2008 Sub Sale HDBDistrict 3 ALEXIS 11-Mar-09 Freehold 613.548 678,000 1,105 Uncompleted New Sale HDBALEXIS 11-Mar-09 Freehold 387.504 446,000 1,151 Uncompleted New Sale HDBALEXIS 5-Mar-09 Freehold 398.268 458,000 1,150 Uncompleted New Sale HDBALEXIS 5-Mar-09 Freehold 764.244 673,000 881 Uncompleted New Sale HDBALEXIS 4-Mar-09 Freehold 387.504 452,000 1,166 Uncompleted New Sale HDBEMERALD PARK 2-Mar-09 99 years 1173.276 720,000 614 1993 Resale PrivateDistrict 4 CARIBBEAN AT KEPPEL BAY 9-Mar-09 99 years 893.412 900,000 1,007 2004 Resale PrivateTHE COAST AT SENTOSA COVE 4-Mar-09 99 years 2023.632 2,631,200 1,300 Uncompleted Sub Sale PrivateDistrict 5 VARSITY PARK CONDO 11-Mar-09 99 years 1313.208 870,000 662 2008 Resale PrivateVISTA PARK 11-Mar-09 99 years 968.76 530,000 547 1985 Resale HDBTHE INFINITI 9-Mar-09 Freehold 1345.5 820,000 609 2008 Sub Sale HDBTHE FOLIAGE 3-Mar-09 Freehold 1140.984 830,000 727 2008 Sub Sale PrivateDistrict 8 CITYLIGHTS 12-Mar-09 99 years 721.188 645,000 894 2007 Resale PrivateCITY SQUARE RESIDENCES 10-Mar-09 Freehold 839.592 710,000 846 Uncompleted Sub Sale HDBCITY SQUARE RESIDENCES 9-Mar-09 Freehold 871.884 770,000 883 Uncompleted Sub Sale HDBCITY STUDIOS 6-Mar-09 Freehold 473.616 420,000 887 Uncompleted New Sale HDBCITY STUDIOS 6-Mar-09 Freehold 602.784 545,000 904 Uncompleted New Sale PrivateJALAN BESAR PLAZA 6-Mar-09 Freehold 1593.072 460,000 289 1980 Resale PrivateCITY SQUARE RESIDENCES 6-Mar-09 Freehold 570.492 495,000 868 Uncompleted Sub Sale HDBCITYLIGHTS 6-Mar-09 99 years 559.728 680,000 1,215 2007 Resale PrivateD’CAMBRIDGE 5-Mar-09 Freehold 731.952 598,000 817 2006 Resale HDBCITY SQUARE RESIDENCES 4-Mar-09 Freehold 570.492 498,000 873 Uncompleted Sub Sale HDBMERA SPRINGS 3-Mar-09 Freehold 1227.096 930,000 758 2008 Sub Sale HDBCITY SQUARE RESIDENCES 3-Mar-09 Freehold 1237.86 1,052,300 850 Uncompleted Sub Sale PrivateDistrict 9 THE SUITES AT CENTRAL 11-Mar-09 Freehold 1011.816 1,508,000 1,490 2009 Sub Sale PrivateTHE COSMOPOLITAN 10-Mar-09 Freehold 1679.184 2,149,120 1,280 2008 Sub Sale PrivateROBERTSON 100 10-Mar-09 Freehold 893.412 942,000 1,054 2004 Resale PrivateTRIBECA 9-Mar-09 Freehold 516.672 620,000 1,200 Uncompleted Sub Sale PrivateTHE COSMOPOLITAN 9-Mar-09 Freehold 1323.972 1,580,000 1,193 2008 Sub Sale PrivateRIVERGATE 8-Mar-09 Freehold 1033.344 1,239,600 1,200 2009 Sub Sale PrivateTHE COSMOPOLITAN 7-Mar-09 Freehold 1399.32 1,678,800 1,200 2008 Sub Sale PrivateTHE SUITES AT CENTRAL 6-Mar-09 Freehold 818.064 1,145,200 1,400 2009 Sub Sale PrivateRIVERGATE 6-Mar-09 Freehold 1033.344 1,250,000 1,210 Uncompleted Sub Sale HDBTHE IMPERIAL 6-Mar-09 Freehold 1356.264 1,586,520 1,170 2006 Resale PrivatePATERSON RESIDENCE 5-Mar-09 Freehold 968.76 1,570,000 1,621 2008 Sub Sale PrivateCAIRNHILL PLAZA 5-Mar-09 Freehold 2820.168 2,360,000 837 1978 Resale PrivateNEWTON EDGE 2-Mar-09 Freehold 753.48 885,000 1,175 Uncompleted New Sale HDB

THEEDGE SINGAPORE |  MARCH 30, 2009 •�

Done DealsPRojECT  ConTRACT    FlooR AREA  TRAnsACTEd   UniT PRiCE  CoMPlETion  TyPE oF  PURCHAsER   dATE  TEnURE  (sq FT)  PRiCE ($)  ($ PsF)  dATE  sAlE  AddREss

NEWTON EDGE 2-Mar-09 Freehold 753.48 875,000 1,161 Uncompleted New Sale HDBNEWTON EDGE 2-Mar-09 Freehold 753.48 840,000 1,115 Uncompleted New Sale HDBPACIFIC MANSION 2-Mar-09 Freehold 1356.264 1,050,000 774 Unknown Resale PrivateASPEN HEIGHTS 2-Mar-09 999 years 1603.836 1,556,800 971 1998 Resale Private8 @ MOUNT SOPHIA 2-Mar-09 103 years 1184.04 1,350,000 1,140 2007 Sub Sale HDBROBERTSON 100 1-Mar-09 Freehold 1033.344 960,000 929 2004 Resale PrivateDistrict 10 VALLEY PARK 12-Mar-09 999 years 1216.332 1,050,000 863 1997 Resale HDBBELMOND GREEN 11-Mar-09 Freehold 1054.872 1,150,000 1,090 2004 Resale HDBTHE CAPRI 9-Mar-09 Freehold 1539.252 1,278,000 830 1998 Resale PrivateTHE SIXTH AVENUE RESIDENCES 9-Mar-09 Freehold 968.76 890,000 919 Uncompleted Sub Sale PrivateREGENCY PARK 9-Mar-09 Freehold 3175.38 3,180,000 1,001 1990 Resale PrivateONE JERVOIS 5-Mar-09 Freehold 1453.14 1,525,650 1,050 Uncompleted Sub Sale PrivateVALLEY PARK 5-Mar-09 999 years 1700.712 1,610,000 947 1997 Resale HDBJERVOIS GARDENS 5-Mar-09 Freehold 2120.508 1,565,000 738 1984 Resale PrivateSPRING GROVE 2-Mar-09 99 years 1388.556 1,300,000 936 1996 Resale HDBVALLEY PARK 2-Mar-09 999 years 1356.264 1,150,000 848 1997 Resale HDBTANGLIN PARK 1-Mar-09 Freehold 1334.736 1,500,000 1,124 1988 Resale HDBDistrict 11 WATTEN ESTATE CONDO 10-Mar-09 Freehold 1001.052 695,000 694 1983 Resale PrivateLUCIDA 10-Mar-09 Freehold 1065.636 1,172,600 1,100 Uncompleted New Sale HDBTHE TREVOSE 10-Mar-09 99 years 1323.972 1,150,000 869 2001 Resale PrivateAMARYLLIS VILLE 10-Mar-09 99 years 1237.86 1,210,000 977 2004 Resale PrivateMONTEBLEU 9-Mar-09 Freehold 1140.984 980,000 859 Uncompleted Sub Sale HDBPARK INFINIA AT WEE NAM 6-Mar-09 Freehold 1001.052 1,103,000 1,102 2008 New Sale PrivateRESIDENCES @ EVELYN 4-Mar-09 Freehold 1108.692 1,239,000 1,118 2007 Resale PrivateNEWTON 18 2-Mar-09 Freehold 570.492 645,000 1,131 2002 Resale PrivatePARK INFINIA AT WEE NAM 1-Mar-09 Freehold 1001.052 1,201,200 1,200 2008 Sub Sale PrivateDistrict 12 THE RICHMOND 6-Mar-09 Freehold 1237.86 630,000 509 1999 Resale HDBTHE CALLISTA 3-Mar-09 999 years 592.02 480,000 811 2005 Resale HDBDistrict 13 EURO-ASIA PARK 11-Mar-09 Freehold 2077.452 940,000 452 1996 Resale HDBMACPHERSON GREEN 5-Mar-09 Freehold 2228.148 905,000 406 1983 Resale HDBDistrict 14 EUNOS MANSION 11-Mar-09 Freehold 1291.68 640,000 495 1982 Resale HDBWINDY HEIGHTS 9-Mar-09 Freehold 2475.72 950,000 384 1983 Resale HDBSIMSVILLE 5-Mar-09 99 years 979.524 580,000 592 1998 Resale PrivateDistrict 15 SANCTUARY GREEN 13-Mar-09 99 years 1119.456 740,000 661 2003 Resale PrivateVERTIS 12-Mar-09 Freehold 667.368 560,000 839 2009 Sub Sale HDBKOON SENG COURT 12-Mar-09 Freehold 1151.748 550,000 478 1989 Resale PrivateONE AMBER 10-Mar-09 Freehold 957.996 814,300 850 Uncompleted Sub Sale HDBBOWMONT CENTRE 9-Mar-09 Freehold 1883.7 910,000 483 Unknown Resale PrivateVILLA MARINA 9-Mar-09 99 years 1280.916 760,000 593 1999 Resale PrivateONE AMBER 9-Mar-09 Freehold 1700.712 1,360,800 800 Uncompleted Sub Sale PrivateTHE SOVEREIGN 6-Mar-09 Freehold 2637.18 2,700,000 1,024 1993 Resale PrivateCOSTA RHU 6-Mar-09 99 years 2163.564 1,700,000 786 1997 Resale PrivatePOSHGROVE EAST 6-Mar-09 Freehold 1227.096 1,042,950 850 2008 New Sale PrivateONE AMBER 5-Mar-09 Freehold 1334.736 1,121,400 840 Uncompleted Sub Sale PrivateRICCHEZZA 4-Mar-09 Freehold 882.648 636,000 721 Uncompleted New Sale PrivatePALM GALLERIA 4-Mar-09 Freehold 1119.456 753,200 673 Uncompleted New Sale PrivateRIVEREDGE 3-Mar-09 99 years 1603.836 1,210,000 754 2008 Sub Sale PrivateTHE ESTA 2-Mar-09 Freehold 1399.32 1,280,000 915 2008 Sub Sale HDBDistrict 16 TANAMERA CREST 12-Mar-09 99 years 1205.568 698,000 579 2004 Resale HDBCASAFINA 12-Mar-09 99 years 1302.444 668,000 513 1999 Resale HDBEAST MEADOWS 11-Mar-09 99 years 1356.264 800,000 590 2002 Resale HDBCOSTA DEL SOL 11-Mar-09 99 years 1754.532 1,385,000 789 2004 Resale PrivateTHE SUMMIT 10-Mar-09 Freehold 1668.42 1,150,000 689 1992 Resale PrivateCOSTA DEL SOL 10-Mar-09 99 years 1345.5 1,050,000 780 2003 Resale HDBTHE BAYSHORE 9-Mar-09 99 years 947.232 580,000 612 1996 Resale HDBCOSTA DEL SOL 6-Mar-09 99 years 1474.668 1,080,000 732 2004 Resale HDBBLEU @ EAST COAST 3-Mar-09 Freehold 1173.276 862,155 735 2008 Sub Sale HDBTHE BAYSHORE 3-Mar-09 99 years 1431.612 930,000 650 1997 Resale PrivateBEDOK COURT 2-Mar-09 99 years 2411.136 923,000 383 1985 Resale PrivateDistrict 17 FERRARIA PARK CONDO 6-Mar-09 Freehold 1087.164 650,000 598 Uncompleted Sub Sale HDB

� • THEEDGE SINGAPORE  |  MARCH 30, 2009

Done Deals

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Apartment and condo transactions with contract dates from March 1 to 13

PRojECT  ConTRACT    FlooR AREA  TRAnsACTEd   UniT PRiCE  CoMPlETion  TyPE oF  PURCHAsER   dATE  TEnURE  (sq FT)  PRiCE ($)  ($ PsF)  dATE  sAlE  AddREssDistrict 18 MODENA 10-Mar-09 99 years 1410.084 770,000 546 2001 Resale PrivateELIAS GREEN 4-Mar-09 99 years 1614.6 568,800 352 1994 Resale PrivateMELVILLE PARK 3-Mar-09 99 years 936.468 410,000 438 1996 Resale PrivateMELVILLE PARK 3-Mar-09 99 years 1356.264 545,000 402 1996 Resale HDBTAMPINES COURT 2-Mar-09 101 years 1657.656 560,000 338 Unknown Resale PrivateDistrict 19 CHILTERN PARK 13-Mar-09 99 years 1270.152 700,000 551 1995 Resale HDBRIO VISTA 12-Mar-09 99 years 1377.792 745,000 541 2004 Resale HDBCOMPASS HEIGHTS 12-Mar-09 99 years 2787.876 1,000,000 359 2002 Resale PrivateTHE QUARTZ 10-Mar-09 99 years 1044.108 598,500 573 Uncompleted New Sale HDBRIVERVALE CREST 10-Mar-09 99 years 1162.512 575,000 495 2002 Resale HDBJANSEN 28 9-Mar-09 99 years 1280.916 654,000 511 1999 Resale HDBCOMPASS HEIGHTS 6-Mar-09 99 years 1323.972 700,000 529 2002 Resale HDBREGENTVILLE 6-Mar-09 99 years 1076.4 510,000 474 1999 Resale HDBKOVAN LODGE 5-Mar-09 Freehold 2066.688 700,000 339 1984 Resale PrivateCOMPASS HEIGHTS 3-Mar-09 99 years 667.368 435,000 652 2002 Resale PrivateEVANIA 3-Mar-09 Freehold 1345.5 868,000 645 Uncompleted New Sale HDBTHE QUARTZ 3-Mar-09 99 years 1130.22 658,800 583 Uncompleted New Sale HDBTHE QUARTZ 2-Mar-09 99 years 1420.848 935,000 658 Uncompleted New Sale HDBSUNGLADE 2-Mar-09 99 years 1151.748 710,000 616 2003 Resale PrivateTHE QUARTZ 2-Mar-09 99 years 1151.748 702,000 610 Uncompleted New Sale PrivateDistrict 20 THE GARDENS AT BISHAN 11-Mar-09 99 years 882.648 585,000 663 2004 Resale PrivateBISHAN POINT 10-Mar-09 99 years 2486.484 1,230,000 495 2005 Resale PrivateBISHAN POINT 9-Mar-09 99 years 1485.432 790,000 532 2005 Resale HDBTHE GARDENS AT BISHAN 9-Mar-09 99 years 1517.724 800,010 527 2004 Resale PrivateBRADDELL VIEW 9-Mar-09 99 years 1453.14 650,000 447 1978 Resale HDBBISHAN PARK CONDO 9-Mar-09 99 years 1517.724 740,000 488 1994 Resale HDBGOLDENHILL PARK CONDO 5-Mar-09 Freehold 1334.736 1,080,000 809 2004 Resale HDBTHOMSON VIEW CONDO 3-Mar-09 99 years 3842.748 1,155,000 301 1986 Resale PrivateBISHAN PARK CONDO 2-Mar-09 99 years 1323.972 690,000 521 1994 Resale HDBDistrict 21 SIGNATURE PARK 10-Mar-09 Freehold 1420.848 900,000 633 1998 Resale PrivateTHE STERLING 9-Mar-09 Freehold 1485.432 1,180,000 794 2000 Resale PrivateTHE RAINTREE 9-Mar-09 99 years 1280.916 768,000 600 Unknown Resale PrivateBUKIT REGENCY 2-Mar-09 Freehold 1646.892 960,000 583 1995 Resale PrivateDistrict 22 LAKESIDE APARTMENTS 12-Mar-09 99 years 1517.724 550,000 362 Unknown Resale PrivateTHE CENTRIS 12-Mar-09 99 years 1237.86 755,000 610 Uncompleted Sub Sale HDBTHE LAKESHORE 12-Mar-09 99 years 1119.456 765,912 684 2008 Resale HDBCASPIAN 12-Mar-09 99 years 1216.332 770,400 633 Uncompleted New Sale HDBCASPIAN 12-Mar-09 99 years 1485.432 691,200 465 Uncompleted New Sale PrivateTHE CENTRIS 11-Mar-09 99 years 2098.98 938,000 447 Uncompleted Sub Sale HDBCASPIAN 10-Mar-09 99 years 1205.568 718,890 596 Uncompleted New Sale HDBTHE LAKESHORE 10-Mar-09 99 years 1184.04 851,560 719 2007 Resale PrivateCASPIAN 10-Mar-09 99 years 1388.556 824,910 594 Uncompleted New Sale HDBCASPIAN 10-Mar-09 99 years 1216.332 747,720 615 Uncompleted New Sale HDBCASPIAN 9-Mar-09 99 years 1001.052 647,280 647 Uncompleted New Sale HDBCASPIAN 9-Mar-09 99 years 1011.816 628,200 621 Uncompleted New Sale HDB

THEEDGE SINGAPORE |  MARCH 30, 2009 •�

Done Deals

THE CENTRIS 9-Mar-09 99 years 1302.444 696,570 535 Uncompleted Sub Sale PrivateCASPIAN 9-Mar-09 99 years 1280.916 830,490 648 Uncompleted New Sale HDBCASPIAN 9-Mar-09 99 years 1216.332 757,800 623 Uncompleted New Sale PrivateCASPIAN 9-Mar-09 99 years 1237.86 754,200 609 Uncompleted New Sale HDBTHE CENTRIS 9-Mar-09 99 years 893.412 580,000 649 Uncompleted Sub Sale HDBTHE CENTRIS 9-Mar-09 99 years 936.468 580,000 619 Uncompleted Sub Sale HDBCASPIAN 9-Mar-09 99 years 1001.052 615,660 615 Uncompleted New Sale HDBCASPIAN 9-Mar-09 99 years 1399.32 852,300 609 Uncompleted New Sale HDBCASPIAN 9-Mar-09 99 years 936.468 598,500 639 Uncompleted New Sale HDBTHE MAYFAIR 9-Mar-09 99 years 1184.04 620,000 524 2000 Resale PrivateCASPIAN 9-Mar-09 99 years 1216.332 764,100 628 Uncompleted New Sale PrivateCASPIAN 6-Mar-09 99 years 871.884 489,600 562 Uncompleted New Sale HDBCASPIAN 6-Mar-09 99 years 1582.308 826,200 522 Uncompleted New Sale PrivateCASPIAN 6-Mar-09 99 years 871.884 497,700 571 Uncompleted New Sale HDBTHE LAKESHORE 6-Mar-09 99 years 1140.984 799,000 700 2007 Resale HDBCASPIAN 6-Mar-09 99 years 893.412 576,600 645 Uncompleted New Sale PrivateCASPIAN 6-Mar-09 99 years 1237.86 798,870 645 Uncompleted New Sale HDBCASPIAN 6-Mar-09 99 years 1280.916 806,400 630 Uncompleted New Sale HDBCASPIAN 6-Mar-09 99 years 1399.32 840,600 601 Uncompleted New Sale HDBCASPIAN 6-Mar-09 99 years 1603.836 900,900 562 Uncompleted New Sale HDBCASPIAN 6-Mar-09 99 years 1280.916 762,071 595 Uncompleted New Sale PrivateCASPIAN 6-Mar-09 99 years 1528.488 903,600 591 Uncompleted New Sale HDBCASPIAN 6-Mar-09 99 years 1001.052 586,800 586 Uncompleted New Sale HDBCASPIAN 6-Mar-09 99 years 893.412 577,800 647 Uncompleted New Sale HDBCASPIAN 5-Mar-09 99 years 1194.804 694,710 581 Uncompleted New Sale HDBCASPIAN 5-Mar-09 99 years 1237.86 757,950 612 Uncompleted New Sale PrivateCASPIAN 5-Mar-09 99 years 1237.86 812,820 657 Uncompleted New Sale HDBCASPIAN 5-Mar-09 99 years 936.468 567,000 605 Uncompleted New Sale HDBCASPIAN 5-Mar-09 99 years 1528.488 886,500 580 Uncompleted New Sale HDBCASPIAN 5-Mar-09 99 years 1001.052 617,520 617 Uncompleted New Sale HDBCASPIAN 5-Mar-09 99 years 1603.836 944,100 589 Uncompleted New Sale PrivateCASPIAN 5-Mar-09 99 years 1237.86 781,200 631 Uncompleted New Sale HDBCASPIAN 5-Mar-09 99 years 1001.052 576,000 575 Uncompleted New Sale HDBPARC OASIS 5-Mar-09 99 years 1227.096 580,000 473 1994 Resale HDBTHE CENTRIS 5-Mar-09 99 years 1237.86 760,000 614 Uncompleted Sub Sale HDBCASPIAN 5-Mar-09 99 years 1205.568 736,200 611 Uncompleted New Sale HDBPARC VISTA 5-Mar-09 99 years 1248.624 625,000 501 1997 Resale PrivateCASPIAN 5-Mar-09 99 years 936.468 595,800 636 Uncompleted New Sale HDBCASPIAN 5-Mar-09 99 years 936.468 557,897 596 Uncompleted New Sale HDBCASPIAN 5-Mar-09 99 years 1194.804 682,200 571 Uncompleted New Sale HDBCASPIAN 5-Mar-09 99 years 1237.86 782,100 632 Uncompleted New Sale HDBCASPIAN 5-Mar-09 99 years 871.884 535,680 614 Uncompleted New Sale PrivateCASPIAN 5-Mar-09 99 years 871.884 512,100 587 Uncompleted New Sale HDBCASPIAN 5-Mar-09 99 years 871.884 491,400 564 Uncompleted New Sale HDBCASPIAN 5-Mar-09 99 years 936.468 589,500 629 Uncompleted New Sale PrivateCASPIAN 4-Mar-09 99 years 1194.804 692,100 579 Uncompleted New Sale HDBCASPIAN 4-Mar-09 99 years 462.852 349,680 755 Uncompleted New Sale HDBCASPIAN 4-Mar-09 99 years 871.884 530,100 608 Uncompleted New Sale HDBCASPIAN 4-Mar-09 99 years 936.468 558,000 596 Uncompleted New Sale HDBCASPIAN 4-Mar-09 99 years 1399.32 822,600 588 Uncompleted New Sale PrivateCASPIAN 4-Mar-09 99 years 1001.052 621,240 621 Uncompleted New Sale HDBCASPIAN 4-Mar-09 99 years 1216.332 754,200 620 Uncompleted New Sale PrivateCASPIAN 4-Mar-09 99 years 1399.32 848,232 606 Uncompleted New Sale PrivateCASPIAN 4-Mar-09 99 years 1399.32 853,578 610 Uncompleted New Sale PrivateCASPIAN 4-Mar-09 99 years 936.468 566,100 605 Uncompleted New Sale HDBCASPIAN 4-Mar-09 99 years 1194.804 740,280 620 Uncompleted New Sale PrivateCASPIAN 4-Mar-09 99 years 1237.86 776,700 627 Uncompleted New Sale HDBCASPIAN 4-Mar-09 99 years 462.852 378,510 818 Uncompleted New Sale HDBCASPIAN 4-Mar-09 99 years 1603.836 934,200 582 Uncompleted New Sale PrivateCASPIAN 4-Mar-09 99 years 1485.432 691,200 465 Uncompleted New Sale PrivateCASPIAN 4-Mar-09 99 years 1140.984 708,660 621 Uncompleted New Sale PrivateCASPIAN 4-Mar-09 99 years 1194.804 677,700 567 Uncompleted New Sale PrivateCASPIAN 4-Mar-09 99 years 1205.568 692,100 574 Uncompleted New Sale HDBCASPIAN 4-Mar-09 99 years 1399.32 863,970 617 Uncompleted New Sale HDBCASPIAN 4-Mar-09 99 years 1205.568 697,500 579 Uncompleted New Sale HDBCASPIAN 4-Mar-09 99 years 1001.052 567,000 566 Uncompleted New Sale HDBCASPIAN 4-Mar-09 99 years 871.884 524,700 602 Uncompleted New Sale HDBCASPIAN 4-Mar-09 99 years 1216.332 755,160 621 Uncompleted New Sale HDBCASPIAN 4-Mar-09 99 years 1431.612 747,900 522 Uncompleted New Sale HDB

PRojECT  ConTRACT    FlooR AREA  TRAnsACTEd   UniT PRiCE  CoMPlETion  TyPE oF  PURCHAsER   dATE  TEnURE  (sq FT)  PRiCE ($)  ($ PsF)  dATE  sAlE  AddREss

� • THEEDGE SINGAPORE  |  MARCH 30, 2009

Done Deals Apartment and condo transactions with contract dates from March 1 to 13

PRojECT  ConTRACT    FlooR AREA  TRAnsACTEd   UniT PRiCE  CoMPlETion  TyPE oF  PURCHAsER   dATE  TEnURE  (sq FT)  PRiCE ($)  ($ PsF)  dATE  sAlE  AddREss

CASPIAN 4-Mar-09 99 years 1237.86 769,500 622 Uncompleted New Sale PrivateCASPIAN 4-Mar-09 99 years 936.468 542,700 580 Uncompleted New Sale PrivateCASPIAN 4-Mar-09 99 years 1205.568 723,600 600 Uncompleted New Sale HDBCASPIAN 4-Mar-09 99 years 1205.568 681,300 565 Uncompleted New Sale HDBCASPIAN 4-Mar-09 99 years 1237.86 802,800 649 Uncompleted New Sale HDBCASPIAN 3-Mar-09 99 years 462.852 356,190 770 Uncompleted New Sale HDBCASPIAN 3-Mar-09 99 years 1399.32 862,110 616 Uncompleted New Sale HDBCASPIAN 3-Mar-09 99 years 1194.804 696,600 583 Uncompleted New Sale HDBCASPIAN 3-Mar-09 99 years 1194.804 743,070 622 Uncompleted New Sale HDBCASPIAN 3-Mar-09 99 years 1237.86 783,990 633 Uncompleted New Sale HDBCASPIAN 3-Mar-09 99 years 1001.052 596,700 596 Uncompleted New Sale PrivateCASPIAN 3-Mar-09 99 years 1205.568 706,500 586 Uncompleted New Sale HDBCASPIAN 3-Mar-09 99 years 1453.14 808,200 556 Uncompleted New Sale HDBCASPIAN 3-Mar-09 99 years 1001.052 583,110 582 Uncompleted New Sale HDBCASPIAN 3-Mar-09 99 years 1205.568 734,700 609 Uncompleted New Sale HDBCASPIAN 3-Mar-09 99 years 871.884 506,700 581 Uncompleted New Sale HDBCASPIAN 3-Mar-09 99 years 1485.432 799,200 538 Uncompleted New Sale HDBCASPIAN 3-Mar-09 99 years 1237.86 764,100 617 Uncompleted New Sale PrivateCASPIAN 3-Mar-09 99 years 936.468 550,638 588 Uncompleted New Sale PrivateCASPIAN 3-Mar-09 99 years 1194.804 677,700 567 Uncompleted New Sale HDBCASPIAN 3-Mar-09 99 years 1399.32 876,600 626 Uncompleted New Sale HDBCASPIAN 3-Mar-09 99 years 1237.86 796,500 643 Uncompleted New Sale HDBCASPIAN 3-Mar-09 99 years 1453.14 869,550 598 Uncompleted New Sale PrivateCASPIAN 3-Mar-09 99 years 871.884 487,800 559 Uncompleted New Sale HDBCASPIAN 3-Mar-09 99 years 1205.568 717,300 595 Uncompleted New Sale HDBCASPIAN 3-Mar-09 99 years 871.884 569,160 653 Uncompleted New Sale HDBCASPIAN 3-Mar-09 99 years 1001.052 576,600 576 Uncompleted New Sale PrivateCASPIAN 3-Mar-09 99 years 1001.052 582,300 582 Uncompleted New Sale PrivateCASPIAN 3-Mar-09 99 years 1001.052 576,000 575 Uncompleted New Sale HDBCASPIAN 3-Mar-09 99 years 1237.86 787,500 636 Uncompleted New Sale HDBCASPIAN 3-Mar-09 99 years 1399.32 848,700 607 Uncompleted New Sale PrivateCASPIAN 3-Mar-09 99 years 462.852 372,600 805 Uncompleted New Sale HDBCASPIAN 3-Mar-09 99 years 1001.052 561,600 561 Uncompleted New Sale HDBCASPIAN 3-Mar-09 99 years 1194.804 688,200 576 Uncompleted New Sale HDBCASPIAN 3-Mar-09 99 years 1194.804 675,900 566 Uncompleted New Sale HDBCASPIAN 3-Mar-09 99 years 1001.052 570,600 570 Uncompleted New Sale HDBCASPIAN 3-Mar-09 99 years 1237.86 759,600 614 Uncompleted New Sale PrivateCASPIAN 3-Mar-09 99 years 936.468 564,300 603 Uncompleted New Sale PrivateTHE LAKESHORE 3-Mar-09 99 years 1108.692 820,000 740 2008 Resale PrivateCASPIAN 3-Mar-09 99 years 871.884 538,470 618 Uncompleted New Sale HDBCASPIAN 3-Mar-09 99 years 1194.804 725,400 607 Uncompleted New Sale PrivateCASPIAN 3-Mar-09 99 years 871.884 495,000 568 Uncompleted New Sale HDBCASPIAN 3-Mar-09 99 years 936.468 547,965 585 Uncompleted New Sale PrivateCASPIAN 2-Mar-09 99 years 1237.86 793,881 641 Uncompleted New Sale HDBCASPIAN 2-Mar-09 99 years 1528.488 901,800 590 Uncompleted New Sale PrivateCASPIAN 2-Mar-09 99 years 871.884 532,890 611 Uncompleted New Sale HDBCASPIAN 2-Mar-09 99 years 1237.86 782,100 632 Uncompleted New Sale HDBCASPIAN 2-Mar-09 99 years 1388.556 775,800 559 Uncompleted New Sale HDBCASPIAN 2-Mar-09 99 years 1194.804 674,100 564 Uncompleted New Sale HDBPARC OASIS 2-Mar-09 99 years 1506.96 770,000 511 1994 Resale HDBCASPIAN 2-Mar-09 99 years 871.884 515,700 591 Uncompleted New Sale HDBCASPIAN 2-Mar-09 99 years 1205.568 692,100 574 Uncompleted New Sale HDBCASPIAN 2-Mar-09 99 years 1237.86 755,100 610 Uncompleted New Sale HDBCASPIAN 2-Mar-09 99 years 462.852 372,600 805 Uncompleted New Sale PrivateCASPIAN 2-Mar-09 99 years 871.884 523,879 601 Uncompleted New Sale HDBCASPIAN 2-Mar-09 99 years 1001.052 586,486 586 Uncompleted New Sale HDBCASPIAN 2-Mar-09 99 years 1001.052 603,000 602 Uncompleted New Sale HDBCASPIAN 2-Mar-09 99 years 871.884 532,890 611 Uncompleted New Sale HDBCASPIAN 2-Mar-09 99 years 1237.86 816,540 660 Uncompleted New Sale PrivateCASPIAN 2-Mar-09 99 years 871.884 518,400 595 Uncompleted New Sale HDBCASPIAN 2-Mar-09 99 years 462.852 363,630 786 Uncompleted New Sale HDBCASPIAN 2-Mar-09 99 years 936.468 540,900 578 Uncompleted New Sale PrivateCASPIAN 2-Mar-09 99 years 1237.86 773,100 625 Uncompleted New Sale HDBCASPIAN 2-Mar-09 99 years 936.468 570,600 609 Uncompleted New Sale HDBCASPIAN 2-Mar-09 99 years 1571.544 797,400 507 Uncompleted New Sale HDBCASPIAN 2-Mar-09 99 years 1237.86 766,800 619 Uncompleted New Sale HDBTHE CENTRIS 2-Mar-09 99 years 1291.68 758,000 587 Uncompleted Sub Sale HDBDistrict 23 PALM GARDENS 13-Mar-09 99 years 1216.332 588,000 483 2000 Resale HDBCASHEW HEIGHTS CONDO 11-Mar-09 999 years 1657.656 800,000 483 1992 Resale Private

THEEDGE SINGAPORE |  MARCH 30, 2009 •�

Done DealsTHEEDGE SINGAPORE | MARCH 30, 2009 • OP11

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however, there are many other preventive measures an art lover can take between bidding for that painting and having it on the wall. Kant says, “Move your artworks minimally; make sure it is struc-turally sound, with a fine stretched base and proper frame; get han-dlers to don white gloves when handling the paintings; and don’t clean the painting yourself.”

Understandably, these rules cannot always be adhered to, nor can the conditions for display al-ways be ideal. It is not always easy to find a spot far from humidity, with little temperature variation

by day or night, and away from sunlit spots. Once you have done your best to minimise the risks, however, you should leave the rest to the experts.

Highly trained and experi-enced, they know only too well the damage that people can in-flict on their art. On the ground floor of the studio, where Su-sanne Traub, another German-trained oil conservator, works, a portrait of pioneer philanthro-pist Tan Kim Seng stands proud-ly. The work, which will soon be displayed in an art gallery, had been subjected to drastic over-

paint. Kant sighs, saying: “This was a complete deconstruction work for us that took two to three months to complete.”

On the wide table, a small oil work of a Paris street scene had recently arrived. About 50 years old, it is an heirloom belonging to a private owner who had wanted it restored to its full-colour glory — without rolled-up cracks and with nuances intact — because it had belonged to her mother. “Sometimes, the value of the work is not inherent. You could say this [piece] is just tourist art, but it is of emotional value to the

owner, and that’s what makes it worth restoring,” Kant says, ex-plaining the myriad reasons that clients — from public and com-mercial institutes who need their museum-quality work restored, to private-gallery and individual artwork owners — come to Re-nate Kant Asia.

On the second floor is the pa-per conservation space, where Peranakan scrolls, documents, Chinese ink paintings and other paper-based artworks wait for the finer dirt-vacuuming and stain-restoration work to restore them to their former glory.

The art world is highly spe-cialised, with divisions aplenty. So, while conservators like Kant do engage in authentication work (to find out whether the work had been copied), judgement and subjectivity are reserved. When a painting is found to be a copy, they could still restore the work if the buyer deems it charming enough. Valuations remain strict-ly the purview of market experts like auction houses, though.

Kant also advises entrusting your visual beauties only to the deserving. “Don’t be shy about asking for the credentials of con-servators and other art experts; it’s all right to ask for referenc-es,” she says.

Artistic dealingsWho knew that buying art could be so complicated? Getting the conservators in is only one as-

pect of your responsibility as an art owner. Artlogica’s found-er-managing partner, Tan Teng Teng, spells out more logistical details to consider. Says Tan, “You’ll also have to bear in mind fine art insurance, which differs from general home contents in-surance. For that, you’d need a critique by an expert to assess the condition of your artwork, before the insurers can tag a value to it.”

Tan, who handles artwork be-longing to commercial and pub-lic institutions, private galleries and art owners, believes that art insurance is important. “When something happens, you have to think about whether it is re-placeable,” she says. “At least if it’s not, you could still be glad to be compensated, and when you have a fairly large collection, then there are other issues to look at, like 24-hour surveillance of your artwork, which will lower your insurance risk.”

Storage is another important issue for the serious collector, as are maintenance and placing your art pieces in a non-air-condi-tioned environment. Simply put, pay special care and attention to your asset. Says Tan, “Treat your art properly; how you collect is a reflection of who you are, just like housekeeping.”

Lisa Marie Tan spins lifestyle and luxury stories into tales worth telling

This piece of damaged artwork (left) is as good as new after repair and restoration

E

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PRojECT  ConTRACT    FlooR AREA  TRAnsACTEd   UniT PRiCE  CoMPlETion  TyPE oF  PURCHAsER   dATE  TEnURE  (sq FT)  PRiCE ($)  ($ PsF)  dATE  sAlE  AddREss

REGENT HEIGHTS 10-Mar-09 99 years 1173.276 580,000 494 1999 Resale HDBMAYSPRINGS 10-Mar-09 99 years 807.3 480,000 595 1998 Resale HDBCASHEW HEIGHTS CONDO 10-Mar-09 999 years 1657.656 880,000 531 1992 Resale PrivateHILLVIEW PARK 9-Mar-09 Freehold 1227.096 650,000 530 1995 Resale PrivateTHE MADEIRA 9-Mar-09 99 years 1356.264 750,000 553 2003 Resale HDBHAZEL PARK CONDO 6-Mar-09 999 years 1205.568 645,000 535 2000 Resale HDBTHE WARREN 6-Mar-09 99 years 1065.636 556,500 522 2004 Resale HDBPHOENIX HEIGHTS 6-Mar-09 99 years 1334.736 455,000 341 1980 Resale PrivateCENTURY MANSIONS 6-Mar-09 Freehold 914.94 499,000 545 1998 Resale PrivateNORTHVALE 5-Mar-09 99 years 2723.292 830,000 305 1998 Resale HDBHAZEL PARK CONDO 4-Mar-09 999 years 1334.736 740,000 554 2000 Resale PrivateREGENT HEIGHTS 3-Mar-09 99 years 1173.276 550,000 469 1999 Resale HDBNORTHVALE 3-Mar-09 99 years 1356.264 638,000 470 1998 Resale HDBHILLBROOKS 3-Mar-09 Freehold 1506.96 740,000 491 1999 Resale PrivateHILLVIEW PARK 2-Mar-09 Freehold 1248.624 638,000 511 1995 Resale PrivateHILLVIEW 128 2-Mar-09 999 years 968.76 570,000 588 2002 Resale PrivateDistrict 25 CASABLANCA 13-Mar-09 99 years 925.704 490,000 529 2005 Resale HDBCASABLANCA 9-Mar-09 99 years 1184.04 636,000 537 2005 Resale HDBCASABLANCA 3-Mar-09 99 years 1108.692 600,000 541 2005 Resale HDBDistrict 26 CASTLE GREEN 11-Mar-09 99 years 1173.276 613,000 522 1997 Resale HDBFOREST HILLS CONDO 10-Mar-09 99 years 1162.512 570,000 490 2003 Resale HDBTHOMSON GROVE 9-Mar-09 Freehold 2895.516 1,500,000 518 1984 Resale PrivateFOREST HILLS CONDO 6-Mar-09 99 years 1162.512 568,000 489 2003 Resale PrivateSEASONS PARK 4-Mar-09 99 years 1248.624 655,000 525 1997 Resale PrivateDistrict 27 YISHUN SAPPHIRE 6-Mar-09 99 years 1205.568 540,000 448 2001 Resale HDBORCHID PARK CONDO 4-Mar-09 99 years 1205.568 555,000 460 1994 Resale HDBDistrict 28 SELETAR SPRINGS CONDO 5-Mar-09 99 years 1582.308 783,000 495 2000 Resale HDB

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