{"id":143213,"date":"2024-03-26T02:00:42","date_gmt":"2024-03-25T19:00:42","guid":{"rendered":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/propertyguru-files-annual-report-on-form-20-f-for-2023-fiscal-year-74-of-watten-house-units-sold-since-launch-and-more\/"},"modified":"2024-03-26T10:08:12","modified_gmt":"2024-03-26T03:08:12","slug":"propertyguru-files-annual-report-on-form-20-f-for-2023-fiscal-year-74-of-watten-house-units-sold-since-launch-and-more","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/propertyguru-files-annual-report-on-form-20-f-for-2023-fiscal-year-74-of-watten-house-units-sold-since-launch-and-more\/","title":{"rendered":"PropertyGuru Files Annual Report on Form 20-F for 2023 Fiscal Year, 74% of Watten House Units Sold Since Launch, and More"},"content":{"rendered":"


\n19 \u2013 25 March 2024
\nPropertyGuru Group Limited, the leading property technology (proptech) company in Southeast Asia, announced that it has filed its annual report on Form 20-F for the fiscal year ended 31 December 2023 with the Securities and Exchange Commission (SEC). Meanwhile, Watten House, a joint project of UOL and SingLand, witnessed robust sales, with 133 units or 74% of its 180 units sold since its official launch on 2 March 2024.
\n\u00a0
\n1. PropertyGuru files annual report on Form 20-F for 2023 fiscal year
\nPropertyGuru Group Limited, the leading property technology (proptech) company in Southeast Asia, announced that it has filed its annual report on Form 20-F for the fiscal year ended 31 December 2023 with the Securities and Exchange Commission (SEC), reported Business Wire.
\nThe report is now available for access on PropertyGuru\u2019s investor relations website as well as the SEC\u2019s website.
\nShareholders of the company can request a hard copy of the complete audited financial statements for free through the company\u2019s investor relations website.
\nLaunched in 2007 in Singapore, PropertyGuru has become the preferred destination of more than 34 million property seekers to connect with nearly 55,000 agents monthly. PropertyGuru offers over 2.8 million in real estate listings, solutions and in-depth insights to help property seekers make confident decisions.
\n\u00a0
\n2. 74% of Watten House units sold since launch
\nWatten House, a joint project of UOL and SingLand, witnessed robust sales, with 133 units or 74% of its 180 units sold since its official launch on 2 March, reported Singapore Business Review.
\nThe units were sold at an average price of about $3,250\u00a0per sq ft (PSF). Notably, seven out of its eight exclusive penthouses were sold for $11.7 million to $14.5 million, or $3,440 PSF to $3,550 PSF.
\nHomebuyers exhibited a strong preference for 4-bedders and 5-bedders.
\nPrior to the official launch, an exclusive private preview held in November\u00a02023 saw 102 units sold.
\nSingaporeans and Singapore Permanent Residents (PRs) accounted for about 95% of the buyers, with the rest being foreigners mainly from the USA and Switzerland.
\n\u201cThere are still choice units, including the 3-bedroom plus study to 5-bedroom units with private lifts for buyers to choose from,\u201d said UOL General Manager Anson Lim.
\n\u00a0
\n3. Cuscaden Reserve sells 46 units at relaunch
\nCuscaden Reserve sold 46 units or 56% of the units offered for sale during its relaunch, reported Singapore Business Review.\u00a0
\nThe units achieved an average selling price of a little over $3,000\u00a0PSF.
\nMeanwhile, two-bedroom units accounted for majority of the units sold.
\nCuscaden Reserve still has 134 units available for sale out of the 192 units.
\n\u00a0
\n4. Construction works on NS Square begin
\nConstruction works on the NS Square at Marina Bay has started, with completion expected in 2027, reported CNA.
\nSet to become a national landmark, NS Square will feature a permanent stage and grandstand that could accommodate around 30,000 people, up from The Float @ Marina Bay\u2019s 27,000 capacity.
\nThis means more people could attend the Marina Bay year-end countdown and National Day Parade.
\nThe space could also be configured for various events like sports competitions and concerts or be used for weekend markets or recreation. NS Square will also house a National Service-themed gallery as a tribute to all national servicemen and their families.
\nOther public amenities at NS Square include a water sports centre, eateries and an elevated swimming pool.
\nA waterfront promenade wrapping around the stage will form part of a continuous loop around Marina Bay.
\n\u201cIt will be another jewel to add to the already impressive skyline around Marina Bay\u2026and one given over to NSmen and their families to show our country\u2019s deep appreciation,\u201d said Defence Minister Ng Eng Hen.
\n\u00a0
\n5. 33 Devonshire up for rent
\n33 Devonshire, a 21-unit condominium development off Devonshire Road, has been put up for rent either wholly or individually, revealed exclusive marketing agent Huttons Asia.
\nThe monthly asking rent stands at about $8 PSF which works out to around $8,000 for a 2-bedroom unit or around $10,000 for a 3-bedder.
\nSet to obtain its Temporary Occupation Permit (TOP) in Q1 2024, the 14-storey development has two units on each floor, with a penthouse unit occupying the whole level 14.
\nEach unit comes with a private balcony and large full-length windows.
\nStrategically situated beside the Orchard Road shopping belt, the development is also near Somerset MRT station.\u00a0
\n\u00a0
\n6. Still no bidder for St Regis Residences penthouse
\nA luxury penthouse at the St Regis Residences in Singapore failed to attract bidders during its third auction, despite a 14% price reduction to $15.5 million, reported Bloomberg.
\nBoasting a sweeping 180-degree panoramic view and a private pool, the 5-bedroom suite spans around 6,684 sq ft and is owned by Jonathan Tahir, scion of the Indonesian Tahir family.
\nIts last chance to sell at auction, the penthouse will now have to be sold privately. It is one of the luxury homes struggling to sell amidst the Singapore government\u2019s crackdown on money laundering and a 60% stamp duty on foreign buyers.
\nThe lacklustre auction, which was witnessed by fewer than 20 attendees, underscored the challenges facing developers such as City Developments, the company behind St Regis Residences. Other projects affected by the slump include The Cuscaden Reserve, which slashed prices by a fifth as nearly 70% of its 192 units remain unsold.
\n\u00a0
\n7. Money talk crucial before committing to a BTO
\nBefore committing to acquire a Build-to-Order (BTO) flat, personal financial blogger Dawn Cher urged young couples to have the \u201cmoney talk\u201d first.
\n\u201cMost people don\u2019t realise this, but the biggest financial decision one makes in life is not which property to buy, but who they choose to marry,\u201d she said in CNA article.
\nThis comes as conversations and relationship dynamics significantly change after a couple gets locked in at such a huge financial commitment like acquiring a BTO unit.
\nShe noted that the stakes and amount one stands to lose increases at every step of a BTO process. The couple could lose their application fee, option fee, down payment as well as stamp duty and legal fees.
\nMoreover, they could lose their first-timer applicant privileges and may be barred from balloting or buying another BTO unit for a year.
\nWith this, she underscored the importance of financial compatibility.
\n\u201cThat compatibility is not measured based on your salary or savings \u2013 these things can change over time as your career develops \u2013 but rather, both of your attitudes towards money and how you deal with the differences,\u201d she said.
\nShe also suggests having transparent conversations about money early on to ensure both parties are on the same page financially.
\n\u00a0
\n8. Biggest housing concerns for Singaporeans
\nWhile buying an HDB flat is an exciting journey, it could easily be overwhelming for Singaporeans given the various factors to consider, reported AsiaOne.
\nNotably, affordability is one of the main concerns for most buyers. Bea, a 23-year old writer, acknowledges that HDB flats are the most affordable option for young couples, especially with the grants offered by the government.
\nThe amount depends on the household income, with couples having a monthly income of $1,500 or less eligible for an $80,000 grant. First-timer couples eyeing a resale HDB flat could also avail of up to $190,000 in grants.
\nAnother crucial factor to consider is location.
\nHowever, a good location could mean different things to different people. In fact, proximity to the city is not a priority for most people. Instead, their main considerations are proximity to family, price and nearby amenities.
\nOther concerns include oversubscription and waiting times.
\nFortunately, BTO application rates have stabilised, which means fewer people are vying for each BTO unit. The median waiting times for flats have also reverted to pre-pandemic norms of three to four years.
\n\u00a0
\n9. Serangoon Gardens commercial shophouse on sale for $10.5 million
\nA 2-storey non-conservation shophouse on 79 and 79A Serangoon Garden Way has been put up for sale via an expression of interest (EOI) with a guide price of $10.5 million, revealed exclusive marketing agent Savills Singapore.
\nBoasting a prominent street frontage, the 999-year leasehold property occupies a 1,503 sq ft site that is zoned \u201cCommercial\u201d under the 2019 Master Plan with a plot ratio of 1.4.
\nIt has a floor area of around 2,422 sq ft with car parking spaces at its doorstep as well as adjacent open-air carpark.
\nThe property is fully leased, with a medical clinic occupying the ground floor and a baking studio at the upper floor.
\nSavills noted that foreigners and companies may acquire the property with no Additional Buyer Stamp Duty (ABSD) or Seller\u2019s Stamp Duty (SSD) payable.
\nThe EOI exercise for the shophouse closes on 23 April 2024.
\n\u00a0
\n10. Portfolio of HDB shophouses up for sale for $19.5 million
\nA portfolio of eight HDB shophouses across three different locations have been put up for sale via EOI with a guide price of $19.5 million.
\nExclusive marketing agent CBRE shared that the properties in the portfolio may be sold individually or collectively.
\nThe first opportunity, at Bras Basah Complex, 231 Bain Street, offers two HDB shophouse units measuring 1,798 sq ft and 2,777 sq ft, respectively. The properties have a quantum price of $8.9 million.
\nThe second opportunity, at 119 Aljunied Avenue 2, involves three adjacent 2-storey HDB shophouses with a total strata area of 4,897 sq ft. The shophouses have a quantum price of $6.9 million.
\nMeanwhile, three HDB shophouses at 803 King George\u2019s Avenue have a quantum price of $4 million. The properties comprise two adjacent ground floor units as well as a level 2 unit.
\nThe EOI exercise for the shophouses closes on 23 April 2024.
\n\u00a0
\nLooking for a property in Singapore? Visit PropertyGuru\u2019s\u00a0Listings,\u00a0Project Reviews\u00a0and\u00a0Guides.
\nFariza Salleh, Content\u00a0Manager at PropertyGuru, edited this story. To contact\u00a0her about this story, email:\u00a0farizasalleh@propertyguru.com.sg.\u00a0
\n
\nSource : proppertyguru.com.sg\/Property Market
\nRead more…PropertyGuru Files Annual Report on Form 20-F for 2023 Fiscal Year, 74% of Watten House Units Sold Since Launch, and More<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

19 \u2013 25 March 2024 PropertyGuru Group Limited, the leading property technology (proptech) company in...<\/p>\n","protected":false},"author":1,"featured_media":143214,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[1],"tags":[],"class_list":["post-143213","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-property-news"],"jetpack_featured_media_url":"https:\/\/i1.wp.com\/www.siamlandbank.com\/propertynews\/wp-content\/uploads\/2024\/03\/Singapore-buildings.jpg?fit=820%2C410&ssl=1","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-BfT","jetpack-related-posts":[{"id":68176,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/propertyguru-summit-to-cover-proptech-chinas-one-belt-one-road\/","url_meta":{"origin":143213,"position":0},"title":"PropertyGuru summit to cover Proptech, China\u2019s One Belt One Road","date":"October 4, 2017","format":false,"excerpt":"\r Delegates network with industry colleagues at the PropertyGuru Thailand Real Estate Summit in September. PropertyGuru has announced a star-studded line-up of guest speakers for its Singapore real estate summit which takes place on 7 to 8 November at Marina Bay Sands. The theme this year is \u201cConnecting Asia: Insights,\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":83531,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/propertyguru-asia-real-estate-summit-returns-in-nov-2018\/","url_meta":{"origin":143213,"position":1},"title":"PropertyGuru Asia Real Estate Summit returns in Nov 2018","date":"March 23, 2018","format":false,"excerpt":"\r Renowned architect Ron Bakker will be one of the speakers at the two-day conference. Asia\u2019s leading online property firm PropertyGuru has unveiled the first speakers for its annual technology and innovation conference series, the PropertyGuru Asia Real Estate Summit. To be held on 8-9 November at The Athenee Hotel\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":101163,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/global-experts-share-their-know-how-at-propertyguru-asia-real-estate-summit\/","url_meta":{"origin":143213,"position":2},"title":"Global experts share their know-how at PropertyGuru Asia Real Estate Summit","date":"November 12, 2018","format":false,"excerpt":"\r Keynote speaker Andrew Staples from the Economist Corporate Network shared his regional strategic forecast for Asia\u2019s property market. The 2018 PropertyGuru Asia Real Estate Summit (ARES) took place last week (8-9 Nov), with over 15 global experts in property technology (PropTech), big data, smart cities, e-commerce, digital innovation and\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":118468,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/propertyguru-group-raises-s300m-in-latest-round-of-funding\/","url_meta":{"origin":143213,"position":3},"title":"PropertyGuru Group Raises S$300M in Latest Round of Funding","date":"September 2, 2020","format":false,"excerpt":"\r PropertyGuru Group announced today that it has received an additional investment of S$300 million from TPG and KKR (via KKR Asian Fund III). Global investment firms TPG and KKR are long-standing shareholders of the Group and have invested in PropertyGuru for the past five and two years respectively. PropertyGuru\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":72675,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/property-trends-in-2018\/","url_meta":{"origin":143213,"position":4},"title":"Property trends in 2018","date":"November 23, 2017","format":false,"excerpt":"\r View of private apartments in Singapore. Here are some important trends that have been driving Singapore\u2019s real estate market this year, which are expected to continue to shape the industry. 1) En bloc frenzy The collective sales fever\u00a0in Singapore\u00a0is anticipated to continue in\u00a0the\u00a0next few months. According to Cushman &\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":140379,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/watten-house-sells-57-of-units-during-launch-weekend-rainwater-leak-costs-condo-owner-60000-and-more\/","url_meta":{"origin":143213,"position":5},"title":"Watten House Sells 57% of Units During Launch Weekend, Rainwater Leak Costs Condo Owner $60,000, and More","date":"November 20, 2023","format":false,"excerpt":"\r Watten House Sells 57% of Units During Launch Weekend, Rainwater Leak Costs Condo Owner $60,000, and More15 to 20 November 2023 Watten House, UOL Group and Singapore Land Group\u2019s (SingLand) freehold condominium project in District 10, sold 57% or 102 of its 180 units during its private preview on\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"https:\/\/i1.wp.com\/www.siamlandbank.com\/propertynews\/wp-content\/uploads\/2023\/11\/watten-house-condo-singapore1-2.jpg?fit=820%2C410&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/143213"}],"collection":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/comments?post=143213"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/143213\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media\/143214"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=143213"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=143213"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=143213"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}