Parvis @ Holland Hill

[bargain hunter]

from the site plan, seems like stacks 11-14 is NW-SE oriented so will get west sun at an angle. don't think the compass is wrong.

Hi

Thanks for the upload, but with regards to the site plan posted, the compass seem to be somewhat pointing to the wrong direction.

Think stack 11-14 should have west sun as opposed to the north-south facing indicated in the site plan posted. It however depends on the layout of the interior to determine if this will be a major concern to some of the buyers.

[pearly]

from the site plan, seems like stacks 11-14 is NW-SE oriented so will get west sun at an angle. don't think the compass is wrong.

I know what you meant.

i meant there is a difference between the e-brochure and the picture of the site plan posted on his website : link to the picture as such:

http://i2.propertyguru.com.sg/images...329_1_V550.jpg

from this link: http://www.lusholmz.com/105

perhaps due to some revision or errors made initially. if one downloaded the e-brochure, then the orientation should be correct.

[Reporter]

Parvis at Holland Hill's compass was wonky
H88
Wednesday, 28 October 2009, 01:26

Well it seems there was a little (major) error in the siteplan we received previously. Apparently the compass needle was pointing in the wrong direction, causing most if not all units to be exposed to the harsh west sun.

So here is the updated siteplan:


With the wonky compass now corrected, a big improvement is seen as stacks 11-25 now get a healthy dose of west sun at an angle. Stacks 1-10 have a lovely North-south facing.

Here was the previous site siteplan:


Note how the compass needle was off and stacks 15-24 were directly facing the west.

[bargain hunter]

wow pearly and reporter, thanks for the clarification. such a big boo-boo even before preview? so i am quite fortunate to have only seen the correct version, otherwise, i would be really confused.

I know what you meant.

i meant there is a difference between the e-brochure and the picture of the site plan posted on his website : link to the picture as such:

http://i2.propertyguru.com.sg/images...329_1_V550.jpg

from this link: http://www.lusholmz.com/105

perhaps due to some revision or errors made initially. if one downloaded the e-brochure, then the orientation should be correct.

[Norman]

By the way, i think Parvis doesnt need to walk a long flight of stairs down as there is a gate just beside the drain gutter you mentioned.

The long flight is in between Parvis and Lush. Parvis (or the old HH Mansion) has a private gate that gives you instant access to the ground level where the playground is, but that area is not maintained by Parvis but by the gahmen. And has not been redeveloped and is likely to be redeveloped for a long while. So yes, Parvis residents still need to use the drain gutter to access the Chip Bee estate.

Suggest serious buyer to go to the area the night before you going to the showflat to take a look at the area. Anyway, the showflat was built elevated to the ground level to give one a feel of hows the view like. I think it will be enter via the Holland Hill entrance and you will miss all the "abandoned" feel of the playground Norman mentioned. I think some should do some upgrading to the playground area.

The main entrance will be through Holland Hill. Which will become increasingly crowded when the remaining condos there go enbloc and become redeveloped into twice to three times their existing capacity. When there's a party and people park along Holland Hill, it completely chokes up the road. The abandoned playground is only a concern if you wish to WALK to Holland Village via the shortcut, instead of taking the main Holland Road path.

With regards to the HDB flats, they belong to the era of the "16 storeys" (those facing lush are the 10 storeys type), the once tallest flat in Singapore, some 40 years ago. The "Two Chefs Chze Char" @ commonwealth food improved over time and is now frequently packed with crowds during dinner time. The bee hoon stall at the other corner is usually pack with long queue as well (with a very huge chicken wing signboard). Can go the makan while assessing the area.

That doesn't change the fact that these are the old one to two bed HDBs that are now occupied by largely low income to poor families. I'm familiar with the area and are aware of the number of breakins in the former Holland Crest, and Holland Hill mansions. Of course the new condos will have superb security but their proximity to the dark lit areas of the playground and park makes them a bit more open to criminal activities.

[Reporter]

Ho Bee, MCL launching Parvis condo at $1,480 psf average
The Business Times
Thursday, 5 November 2009



As other developers mull over whether to release new projects this quarter or hold back until 2010, Ho Bee and MCL Land have moved to launch their Parvis condo at Holland Hill this week.

85 of the 248 units in the freehold project are being released, with absolute prices ranging from $1.62m for a 990 sq ft unit to $3.02m for a 1,991 sq ft unit.

The average price is about $1,480 psf for the initial batch of 85 units. The 12-storey freehold project has 248 units.

The pricing is considered fair for the location, said a property consultant who is not marketing Parvis, adding that it could easily be $1,500-1,600 psf on average.

The Lush on Holland Hill nearby is selling for about $1,500 psf on average. In the secondary market, units at Waterfall Gardens in Farrer Road are changing hands for about $1,450-1,500 psf.

The 85 units MCL Land and Ho Bee are releasing at Parvis will be priced between $1,400 psf and $1,600 psf. In absolute terms, prices range from $1.62 million for a two-bedroom unit of 990 sq ft to $3.02 million for a four-bedder of 1,991 sq ft.

The project comprises three blocks being built on the former Holland Hill Mansions site, which Ho Bee and MCL bought in late 2006 for $292 million or $750 psf per plot ratio.

Market watchers estimate the developers’ breakeven cost could be about $1,200 psf. Assuming a $1,480 psf average selling price for the entire development, their total pre-tax profit for the project could be about $120 million, some analysts reckon.

This is the second time MCL Land and Ho Bee have teamed up. Their first partnership was the 716-unit Rio Vista condo at Hougang. The project was launched in 2001 and completed three years later.

MCL is developing solo a 608-unit condo on a 99-year leasehold plot near Yishun MRT Station, fronting Lower Seletar Reservoir and close to Singapore Orchid Country Club/Golf Course.

It paid $350 psf ppr for the site in a state tender in March last year. The project, named The Estuary, will be launch-ready by year-end but is more likely to be released only in the first quarter of next year, said MCL’s CEO Koh Teck Chuan.

[moneyspinner]

Anybody know how is the response to Parvis's preview over the weekend? Guess should be pretty quiet.

[bargain hunter]

i was there on friday evening, given the current market sentiment, the sales was not too bad. 30+ units were sold on friday alone but i guess sales probably slowed after 1st day. anyway, about half the units taken were 2 bedrooms and around 7 or 8 each for three and four bedrooms categories were taken up. Finishing is pretty good but personally, i still don't like the location.

however, as usual, agents way way way outnumbered buyers and with all of them wearing black and standing around at the same time, it looked pretty scary on a quiet friday evening LOL.

Anybody know how is the response to Parvis's preview over the weekend? Guess should be pretty quiet.

[dtrax]

ya but I was expected more pple coz got free food and waiter service.. go there see c c look look and enjoy food oso not bad.. economy still not gd can go there for free dinner

[new2mondrian]

I was really interested in this too. Went there to look but still am thinking.

What I like is:

1) Land size - 243k sqft of land for 248 units.
2) Unblocked views esp since it is up on Holland Hill

What I don't like is:
1) Inaccessible. Not sure if I can find tenants. Lot of expats don't drive these days.
2) Pricing. A tad high for the 2-3 bedders. But the units are of a good size.

Anyone bought anything??? Or any feedback to share?

Another place I like is Martin Place Residences. Between this and Martin Place, which is better?

[Reporter]

I was really interested in this too. Went there to look but still am thinking.

What I like is:

1) Land size - 243k sqft of land for 248 units.
2) Unblocked views esp since it is up on Holland Hill

What I don't like is:
1) Inaccessible. Not sure if I can find tenants. Lot of expats don't drive these days.
2) Pricing. A tad high for the 2-3 bedders. But the units are of a good size.

Anyone bought anything??? Or any feedback to share?

Another place I like is Martin Place Residences. Between this and Martin Place, which is better?

I think your attempt to compare MPR with P@HH may not be practical as MPR is almost fully sold (i.e. even if you like, you can't buy).

(Not vested in P@HH nor MPR.)

[bargain hunter]

agree on the land size but not the unblocked views. the showflat is about 4th floor of the actual site. There is also Holland Residences and Lush at Holland coming up on 2 sides of it so view is not exactly a selling point.

Actually, the upcoming holland mrt is nearby isn't it? its actually more accessible by circle line than by driving. Prices are indeed a tad high but the layout is ok. I feel that 3 bedrooms are too big though leading to the quantum being a stretch. Maintenance is also high at 300+ for 2 bedder and 400+ for 3 bedder. I still think its because of the private lift. Location wise, I think Martin Place Resi is definitely better but some people may prefer 'quiet' holland hill. Layout and finishing are comparable for these 2 projects, all pretty good.

I was really interested in this too. Went there to look but still am thinking.

What I like is:

1) Land size - 243k sqft of land for 248 units.
2) Unblocked views esp since it is up on Holland Hill

What I don't like is:
1) Inaccessible. Not sure if I can find tenants. Lot of expats don't drive these days.
2) Pricing. A tad high for the 2-3 bedders. But the units are of a good size.

Anyone bought anything??? Or any feedback to share?

Another place I like is Martin Place Residences. Between this and Martin Place, which is better?

[new2mondrian]

Hey Reporter,

Have u made ur BIG move at D9 yet??? Can share what it is?

I am also thinking of making a small move (meaning: less than $1M) in D9. But still thinking.

Hi Bargain Hunter,

Thanks! You are good! I was at MPR showflat on Sat too, before it closed permanently. Yup, agree that the finishing is good and that MPR is better than Parvis. Too bad they are only left with a 4 bedder (on 31st floor, stack 9 which costs $3.3M and evidently out of my reach) and 3 penthouses (over $5M, obviously more out of my reach).

[bargain hunter]

31st floor at MPR 3.3m 10% premium vs 3m Parvis or close to 4m (or is it more?) for Trilight, I think the MPR one is still a good buy.

Hey Reporter,

Have u made ur BIG move at D9 yet??? Can share what it is?

I am also thinking of making a small move (meaning: less than $1M) in D9. But still thinking.

Hi Bargain Hunter,

Thanks! You are good! I was at MPR showflat on Sat too, before it closed permanently. Yup, agree that the finishing is good and that MPR is better than Parvis. Too bad they are only left with a 4 bedder (on 31st floor, stack 9 which costs $3.3M and evidently out of my reach) and 3 penthouses (over $5M, obviously more out of my reach).

[moneyspinner]

31st floor at MPR 3.3m 10% premium vs 3m Parvis or close to 4m (or is it more?) for Trilight, I think the MPR one is still a good buy.

What is the floor area and psf for the 31st floor at MPR? Is there deferred payment available or only progressive? How about the facing? Again how is this compared to VIVA?

[Reporter]

Hey Reporter,

Have u made ur BIG move at D9 yet??? Can share what it is?

I am also thinking of making a small move (meaning: less than $1M) in D9. But still thinking.

Hi Bargain Hunter,

Thanks! You are good! I was at MPR showflat on Sat too, before it closed permanently. Yup, agree that the finishing is good and that MPR is better than Parvis. Too bad they are only left with a 4 bedder (on 31st floor, stack 9 which costs $3.3M and evidently out of my reach) and 3 penthouses (over $5M, obviously more out of my reach).

In my opinion, MPR has great potential (in term of return) if CCR/prime do move up.

I would choose the MPR 4-bedder, which I think has an area between 1,894 and 2,002 sqft.

[bargain hunter]

based on the info provided by new2mondrian, #31-09 is available at 3.3m. It should be a 1894sq ft 4 bedder so that translates to 1742psf. (If new2mondrian has actual figures, even better ) I'm not sure this price is for deferred or normal.

The drawback of this unit is that the shorter side of the living room faces west but most of the unit faces north. The view should be better than VIVA's but Urbana will be an eye sore north west of the unit.

Location wise, MPR and VIVA have their own appeals.

Funny that we are discussing MPR and VIVA on a Parvis thread, really don't give it any face.

What is the floor area and psf for the 31st floor at MPR? Is there deferred payment available or only progressive? How about the facing? Again how is this compared to VIVA?

[Reporter]

based on the info provided by new2mondrian, #31-09 is available at 3.3m. It should be a 1894sq ft 4 bedder so that translates to 1742psf. (If new2mondrian has actual figures, even better ) I'm not sure this price is for deferred or normal.

The drawback of this unit is that the shorter side of the living room faces west but most of the unit faces north. The view should be better than VIVA's but Urbana will be an eye sore north west of the unit.

Location wise, MPR and VIVA have their own appeals.

Funny that we are discussing MPR and VIVA on a Parvis thread, really don't give it any face.

... discussion continues at Martin Place Residence ...
http://forums.condosingapore.com/sho...7235#post77235

[Reporter]

..........

I am also thinking of making a small move (meaning: less than $1M) in D9. But still thinking.

..........

Anyone has any good suggestion?

[Reporter]

Ho Bee and MCL sell 51 units at Parvis
The Business Times
Tuesday, 10 November 2009



Ho Bee Investment and MCL Land last week sold 51 units at their Parvis condo at Holland Hill at an average price of about $1,480 psf.

Unlike the recent trend of smallest units in a project selling out first, what happened at Parvis was quite the reverse, with 4-bedroom apartments accounting for the most number of units sold – 19. This was followed by two-bedders (15 units) and three-bedders (14 units).

MCL and Ho Bee even sold 3 penthouses in response to buyer interest, although these were not part of the initial batch of 85 units they released for the preview.

They are now proceeding to do an official launch of the project at the weekend, when they will release more units in the freehold condo, which has a total of 248 units. The 12-storey project is being built on the former Holland Hill Mansions site.

Ho Bee general manager Chong Hock Chang revealed that ex-owners of Holland Hill Mansions had picked up 7 apartments.

Singaporeans bought 39 of the 51 units sold. Permanent residents and foreigners acquired the remaining 12 units; they were mostly Malaysians, with some Indonesians, Mr Chong added.

The three penthouses sold comprise two single-level units of 2,300 sqft each, with three bedrooms and costing about $3.3 million apiece, and a 2,800-sqft duplex unit with four bedrooms, priced at about $4.1 million. The duplex was picked up by a foreigner while Singaporeans bought the two single-level penthouses.

Last month, Ho Bee released the freehold Trilight condo on Newton Road. To date, it has sold 61 units in the 30-storey project at an average price of $1,650 psf.

[august]

pricing relatively fair, respectable quantum (no MM units!), take up encouraging, a healthy sign overall ~

[fimo]

I visited the showflat over the weekend, and actually quite like the property. I'm in the market for a 2BR, and notice they were pushing units in Stack 23, saying that it's closest to the side gate to HV. Indeed, that stack is healthily taken up.

Personally I think stacks 1-4 are better for its south facing units, and I bet the developer thinks so too, as they're are priced higher than 23-24. But agents were brushing off 1-4 saying it'll be noisy as the back is towards Holland Rd. The dev seems offset enough from the road that I don't think it'll be an issue. In any case, it'll be the kitchen and bathrooms facing the road, noise shouldn't be a problem if at all.

But I suppose one of the selling points is convenient access to MRT/HV, so 23-24 will indeed be relatively nearer and thus more desireable.

[Reporter]

Sale of properties to a Director and Relatives of a Director
Property group, Ho Bee Investment Ltd, on Thursday said its independent director and his family have been granted options to buy two units in the 'Parvis' condominium project at Holland Hill.
Ho Bee Investment Ltd
Thursday, 19 November 2009

Tan Keng Boon, an independent director of Ho Bee, and his wife, Tan Yin See, along with his daughter and son-in-law were granted an additional 2% discount over the normal selling price offered to the public.

Mr Tan and his wife bought a 1,701 sqft unit on the 9th floor for S$2.554 million.

His daughter and son-in-law got a separate 1,701 sqft unit on the 8th floor for S$2.546 million.

Name of Purchasers ... Unit No. . Strata Area . Net Price
Mr Tan Keng Boon and . Block 18 . 1,701 sqft .... $2,554,300
Mdm Tan Yin See nee ... #09-18
Cheong Yin See

Mr Chiam Tat Cheng ..... Block 18 . 1,701 sqft .... $2,546,290
Christopher .................. #08-18
Mdm Tan Ee-Lyn

[andy]

Sale of properties to a Director and Relatives of a Director
Property group, Ho Bee Investment Ltd, on Thursday said its independent director and his family have been granted options to buy two units in the 'Parvis' condominium project at Holland Hill.
Ho Bee Investment Ltd
Thursday, 19 November 2009

Tan Keng Boon, an independent director of Ho Bee, and his wife, Tan Yin See, along with his daughter and son-in-law were granted an additional 2% discount over the normal selling price offered to the public.

Mr Tan and his wife bought a 1,701 sqft unit on the 9th floor for S$2.554 million.

His daughter and son-in-law got a separate 1,701 sqft unit on the 8th floor for S$2.546 million.

Name of Purchasers ... Unit No. . Strata Area . Net Price
Mr Tan Keng Boon and . Block 18 . 1,701 sqft .... $2,554,300
Mdm Tan Yin See nee ... #09-18
Cheong Yin See

Mr Chiam Tat Cheng ..... Block 18 . 1,701 sqft .... $2,546,290
Christopher .................. #08-18
Mdm Tan Ee-Lyn

Just been to the showflat.
Low floor unit @ Block 18 asking for $2.57m for 1701psf. Overall nice development. However layout could be better. The master bathroom is nearly the same size as the Master bedroom itself. Felt that balcony is too big as well.

[andy]

I visited the showflat over the weekend, and actually quite like the property. I'm in the market for a 2BR, and notice they were pushing units in Stack 23, saying that it's closest to the side gate to HV. Indeed, that stack is healthily taken up.

Personally I think stacks 1-4 are better for its south facing units, and I bet the developer thinks so too, as they're are priced higher than 23-24. But agents were brushing off 1-4 saying it'll be noisy as the back is towards Holland Rd. The dev seems offset enough from the road that I don't think it'll be an issue. In any case, it'll be the kitchen and bathrooms facing the road, noise shouldn't be a problem if at all.

But I suppose one of the selling points is convenient access to MRT/HV, so 23-24 will indeed be relatively nearer and thus more desireable.

Nearly 500meters to the MRT or a good 8-10minutes walk.

[Reporter]

Private Residential Units Sold in the Month of November 2009

Project Name . Locality . Units Sold To Date . Units Sold In Month . Highest $psf . Median $psf . Lowest $psf
Parvis ............... CCR ......... 103 ......................... 103 ............................ 1,685 ............ 1,507 ............ 1,193

$1,685 psf is surely a good start for Parvis.

[Reporter]

Private Residential Units Sold in the Month of December 2009

Project Name . Locality . Units Sold To Date . Units Sold In Month . Highest $psf . Median $psf . Lowest $psf
Parvis ............. CCR ....... 139 ...................... 39 .......................... 1,695 ........... 1,495 ........... 1,425

Wow!
Parvis has set a new high of $1,695 psf.
Cool, isn't it?

[Reporter]

Press Release
Core Central (CCR) boom expected on back of private property stability
PropNex
Friday, 22 January 2010

The private residential property market continued its recovery in 4Q09 with a 7.4% increase in its price index to 165.7, just 11.8 points shy of the previous peak in 2Q08 of 177.5.

“We are seeing signs of stability and the potential for sustained growth,” says PropNex CEO Mr Mohamed Ismail, recalling his earlier comments that the price index’s sudden and sharp recovery in 3Q09, with a 15.8% increase over 2Q09, was unlikely to continue at that rate.

“The bullish showing in 2009, especially for mass market projects, has cooled down, now that the demand for such properties, mainly by HDB upgraders, has largely been sated,” he says. “This is evident in the fact that the prices in the Outside Central region (OCR), where the mass market projects are located, only increased by 6.3%. In addition, there were fewer mass market launches in the last quarter of 2009, unlike the middle of the year when hundreds of units would be launched in each project per month.”

He contrasts this with the Core Central region (CCR) and Rest of Central region (RCR), whose prices showed greater increases of 7.3% and 9.5% in 4Q09 respectively.

“The OCR prices increased by 11.8% for 2009 as a whole, while the CCR's and RCR’s prices dropped by 1.8% and increased by 3.0% respectively, because 2009 saw many HDB upgraders entering the mass market,” Mr Ismail explains. “In 2010, we are more likely to see investors returning with confidence to pick up properties in the CCR and RCR at reasonable prices.

He cites The Shore Residences at Amber Road (median sale price of $1,144psf), Parvis at Holland Hill (median sale price of $1,495psf) and Espada at St. Thomas Road (median sale price of $2,337psf) as examples of such properties.

“The latest figures show us that there is still a demand for property,” observes Mr Ismail, “with buyers exhibiting confidence that prices will continue to hold. In fact, I expect the CCR and RCR to lead the private property growth in 2010.”

Mr Ismail forecasts an average growth of 3–4% per quarter in URA’s price index for 2010, with overall growths of 5–8% for the OCR, 8–10% for the RCR and 12–18% for the CCR.

He concludes by explaining that prices in 2010 will also continue to rise due to more developers launching smaller units at higher psf costs, especially from 2Q10 onwards.

[Reporter]

Signs of a mild property fever as private home sales gather pace
Developers have sold over 900 units this month as bullish sentiment returns
Kalpana Rashiwala
The Business Times
Tuesday, 26 January 2010

Developers have sold more than 900 private homes so far this month - based on BT's poll of developers and property agents - and with another week to go, the tally is easily expected to cross 1,000 units by month's end.


Besides Allgreen Properties' Holland Residences, which will be previewed this week, Wing Tai is said to be at an advanced stage of preparation for an imminent preview for L'Viv at Newton Road. The average price is touted at about $1,900 psf - $2,000 psf - significantly higher than the $1,700 psf average price at which Ho Bee is selling its Trilight condo nearby.

Wing Tai is eyeing a higher psf price by offering smallish units (thus keeping the absolute lump sum price per unit 'affordable' to potential buyers). The developer is said to be packaging its project with Deferred Payment Scheme as it had clinched approval for it before the scheme was scrapped in 2007.

L'Viv comprises a total of 147 units - 72 units have 1 bedroom and a study and these come in 2 sizes, both 600-sq ft plus; another 72 units have 2 bedrooms and a study (all about 1,000 sqft); and there are 3 penthouses (all 3-bedders).

Trilight does not have any 1-bedders. It has 2-, 3- and 4-bedders as well as penthouses. 2-bedders range from 1,100 to 1,200 sqft.


'Frankly, it's very hard to deter people from buying, if you look at how strong the HDB resale market is. There's very strong bottom-up support.'

- Knight Frank chairman Tan Tiong Cheng,
. when asked if the authorities are likely to come up with
. fresh measures to cool the market if another round of
. buying frenzy builds up


Fortune Development is also slated to begin previewing this week RV Edge in the River Valley/Shanghai Road vicinity. The 108-unit freehold project, being marketed by Huttons, comprises mostly smallish apartments ranging from 1-bedders to 2-bedroom with study units. The smallest unit is about 400 sqft. Prices are expected to start from $600,000-plus per apartment.

City Developments Ltd (CDL) said yesterday evening that it has sold about 85% or about 150 of the the total 177 units at its Cube 8 condo at Thomson Road, which it began previewing last week.

Singaporeans bought 75% of the units sold. The other 25% were picked up by permanent residents (PRs) and other foreigners - mainly from Malaysia, Indonesia, Hong Kong, Korea, India, China and Europe.

The District 11 freehold project was initially priced at $1,250 psf on average but prices were upped 2-3% for subsequent releases.

CDL group general manager Chia Ngiang Hong said in a statement that the buyers were an 'equal mix of owner-occupiers and investors' and that this pointed to the development's appeal to both home owners and investors.

Some market watchers suggest, however, that the project has probably also drawn a fair number of specuvestors. Slightly over half of the total 177 units comprised one and two bedders and these were the first to go, mirroring the pattern for other projects that were launched in Districts 9, 10 and 11 last year.


Parvis

In addition to the buying buzz created this month from the release of new projects, some developers have been pleasantly surprised with a steady stream of activity even for existing projects that have been on the market for at least a few months. For instance, Ho Bee Investment has sold about 60 units at its Parvis condo at Holland Hill and 10 units at Trilight since the start of the year.

CDL is also understood to have sold more than 50 units at its Livia condo in Pasir Ris this month and the 724-unit project is now left with about 10 units.

'Sentiment has picked in the mid and high-end markets because of the improvement in the economy; the imminent opening of the two integrated resorts (IRs) may also have given a psychological boost to foreign buying interest, which seems to be returning,' says Ho Bee executive director Ong Chong Hua.

Agreeing, a fellow developer said: 'We're seeing a bigger variety of buyers from the region this round - including markets like Myanmar and Laos.'

UOL Group has sold this month 25 units at Double Bay Residences in Simei and 18 units at Meadows @ Peirce along Upper Thomson Road. The group plans to launch two projects in the first half of this year - a 99-year-leasehold condo with about 600-plus units at Dakota Crescent and a project with some 170 units on the Rainbow Gardens site in the Toh Tuck area. The latter will be a joint development with LaSalle Asia Opportunity II fund.

Developers' home sales slipped below the 1,000-unit per month mark in Q4 last year as they wound down their launch activities towards year-end. Some potential buyers had also grown cautious following the government's measures in September to cool the property fever.

However, fear of missing the boat appears to be re-igniting with strong signs of another round of price hikes this year.

'For the economy, the worst is over and much of the physical infrastructure investment like the IRs is close to completion,' says Knight Frank chairman Tan Tiong Cheng.

Asked if the authorities are likely to come up with fresh measures to cool the market if another wave of buying frenzy builds up, Mr Tan said: 'Frankly, it's very hard to deter people from buying, if you look at how strong the HDB resale market is. There's very strong bottom-up support.'

[Reporter]

Missed December 2009 all-time high of $1,695 psf by just $4 psf!


Private Residential Units Sold in the Month of January 2010
Project Name . Locality . Units Sold To Date . Units Sold In Month . Highest $psf . Median $psf . Lowest $psf
Parvis ............. CCR ....... 212 ....................... 73 .......................... 1,691 ........... 1,515 ........... 1,233