CENTENNIA SUITES

8/9/2019 CENTENNIA SUITES

1/42

Lee@

9222

2691

Centennia Suites Report

by Lee, HP: 9222 2691

KF Property Network Pte Ltd

Powered by STREETSINE

Prepared for Lee on Apr 9, 2010

Information contained is for general purposes only and does not constitute any investment advice

1 of 42

Property Summary SheetI. Unit Pricing

Latest Sold Unit : CENTENNIA SUITES, 100 Kim Seng Road #33-02 (1797sqft)

Last Sold for : $ 3,785,000 ($ 2,106 psf) on Mar 18, 2010

Median Price* based on recent transactions : $ 3,694,632 ($ 2,056 psf, 1797sqft)

*Based on a median PSF of$2,056 psffor similar transactions sold in Centennia Suites within the last 12 months.

Median Price^ based on current listings : $ 3,620,955 ($ 2,015 psf, 1797sqft)

^Based on a median asking PSF of$2,015 psffor currently active listings in Centennia Suites that are in the market for less than 2 months.

II. Project Transactions

Latest Avg PSF: $2,012 psf(Mar 10)

Recent Transacted Address Size Price PSF Contract Built Tenure Type*

100 Kim Seng Road #33-02 1,797 $3,785k $2,106 Mar 18, 2010 Uncomp Freehold New Sale



III. Compare Nearby Projects

Project Latest Average PSF Rental Capital gain Rental Yield

Centennia Suites $2,012 (Mar 10) $4.91psf - 2.74%

Luma $1,701 (Feb 10) $4.59psf - 3.22%

Zenith $1,395 (Nov 09) $1.68psf - 1.13%

The Trillium $1,851 (Mar 10) $4.91psf - 2.95%

Martin No 38 $2,289 (Mar 10) $4.10psf - 2.15%

Tribeca $1,851 (Mar 10) $4.91psf - 3.31%

Lee(HP:

92222691)09Apr2010.ThisreportisforexclusiveusebyLee.
http://www.streetsine.com/main.html#estate-574http://www.streetsine.com/main.html#estate-574http://www.streetsine.com/main.html#estate-5078http://www.streetsine.com/main.html#estate-5078http://www.streetsine.com/main.html#estate-2066http://www.streetsine.com/main.html#estate-2066http://www.streetsine.com/main.html#estate-4636http://www.streetsine.com/main.html#estate-4636http://www.streetsine.com/main.html#estate-4813http://www.streetsine.com/main.html#estate-4813http://www.streetsine.com/main.html#estate-9342http://www.streetsine.com/main.html#estate-9342


2/42

Lee@

9222

2691


by Lee, HP: 9222 2691





2 of 42

Getting the Most Out of the Home Report

This home report provides data on Centennia Suites (Condominium). It contains additional

analysis for the latest sold unit (Blk 100 #33-02).Transaction data was last updated on 06 Apr

10 from official sources. Listing data is updated as of the moment this report is prepared. For

information on the data, please see the footnotes contained within this report.

The intent of this report is to provide you with important information that will help you

A.Price Centennia Suites for buy, sell or rent

B.Compare it with other similar projects.

Please keep in mind that it is impossible to derive the undisputed value of a home solely from

market data. Ultimately, each real estate transaction is unique, with the buyer and seller

making the market by agreeing on a price that is mutually acceptable. Therefore, we believe

home pricing is a combination of quantitative analysis and qualitative judgment. The Home

Report helps you analyze the numbers, but that is only part of the pricing process. You must

also use your judgment, along with that of trusted advisors, to arrive at a pricing solution that

takes into consideration the market numbers and the unique characteristics of the property.

The Home Report is organized into the following sections:

(1)Basic Information

(2)Pricing to buy or sell

(3)Renting

(4)Investing

In analyzing the numbers found in the Home Report, we recommend that you follow these

steps:

1. Understand the big picture. What direction are residential prices moving?

2. Identify Condominium projects that are similar, or comparable, to Centennia Suites.

Then, compare recent sale prices.3. Identify the prices that similar, or comparable, units within Centennia Suites sold for,

in the recent past.

4. Determine a Possible Price for your unit. Then compare that price with other pricing

data points identified in the Home Report. Keep in mind market direction.

5. For renters, understand steps (1) (4) from the rental perspective.

6. For investors, understand the results (1) (5) plus the capital gains and rental yields

found in comparable properties.

Lee(HP:

http://www.streetsine.com/main.html#estate-9342


3/42

Lee@

9222

2691


by Lee, HP: 9222 2691





3 of 42

Basic Information

Category : Condominium

Location : District 9 (Central Region)

Built : Under Construction

Purchase Tenure : Freehold

City Distance : 0.06 km

Unit Address : CENTENNIA SUITES, 100 Kim Seng Road #33-02

Size : 1797 sqft

The location map below shows important amenities within 2 km of the property.

MRT Groceries Schools Hospitals Lifestyle

Lee(HP:



4/42

Lee@

9222

2691


by Lee, HP: 9222 2691





4 of 42

Category Important Amenities within 2 km Distance to property

Trains (MRT /

LRT)

Somerset (NS23) 0.96 km

Tiong Bahru (EW17) 1.04 km

Orchard (NS22) 1.28 km

Chinatown (NE4) 1.46 km

Dhoby Ghaut (NS24 NE6) 1.47 km

Outram Park (EW16 NE3) 1.54 km

Clarke Quay (NE5) 1.56 km

Redhill (EW18) 1.91 km

Bras Basah MRT Circle Line Due 2010 1.93 km

Groceries &

Supermarts

Cold Storage(Great World City) 0.18 km

Cold Storage(Valley Point) 0.59 km

NTUC Fairprice(Orchard Grand Court -

(L))

0.72 km

NTUC Fairprice(Bt Ho Swee) 0.83 km

NTUC Fairprice(Tiong Bahru) 1.02 km

Cold Storage(UE Square) 1.03 km

Cold Storage(Takashimaya) 1.07 km

Cold Storage(Centrepoint) 1.18 km

Market Place(Paragon) 1.23 kmCarrefour(Plaza Singapura) 1.54 km

Market Place(Jasons The Gourmet Grocer) 1.67 km

Market Place(Tanglin) 1.71 km

Shop N Save(Redhill) 1.78 km

Cold Storage(China Square) 1.79 km

Cold Storage(Funan DigitaLife Mall) 1.85 km

Schools River Valley Primary School 0.31 km

Outram Secondary School 0.82 km

Swedish Supplementary School 0.90 km

Finnish Supplementatry School (S'pore

Land Twr)

0.91 km

Overseas Family School 0.94 km

Eton House International School 0.95 km

ISS International School (Elementary) 1.06 km

Gan Eng Seng School 1.14 km

University of Chicago Graduate School of

Business

1.20 km

Lee(HP:



5/42

Lee@

9222

2691


by Lee, HP: 9222 2691





5 of 42

Chatsworth International School 1.20 km

Zhangde Primary School 1.29 km

Crescent Girls' School 1.78 km

Singapore Management University 1.84 kmHenderson Secondary School 1.85 km

St. Margaret's Primary School 1.85 km

Hospitals Mount Elizabeth Hospital 1.33 km

Singapore General Hospital 1.46 km

Lifestyle Pearl's Hill City Park 1.05 km

Fort Canning Park 1.31 km

Hong Lim Park 1.57 km

Lee(HP:



6/42

Lee@

9222

2691


by Lee, HP: 9222 2691





6 of 42

A. Pricing to Buy or Sell

1. What are Condominium prices doing in Singapore?

Centennia Suites is a Condominium in the Central Region of Singapore. The graph below

shows the relevant price movements between 1990Q1 (1 Jan 1990) and 2010Q1 (31 Mar

2010).

You can compare the different price indexes to help you evaluate the movement of the market.

Property price index is defined as the ratio of the current price per square foot compared to that

in the 4th Quarter of 1998. It is used to monitor the movement of private properties in

Singapore.

Central Condominium refers to the price index of all the Condominiums located in the Central

Region.All Condominiums refers to the price index for all the Condominiums in Singapore.All

Private Residential refers to the price index for all private housing types combined, which

includes landed homes, apartments, etc.

The table below shows the quarterly change in price index over the last 1 year. In the most

recent quarter of 2010Q1, property prices have changed by 5.1% from the previous quarter.

Quarter Quarterly Percentage Change

CentralCondominium

All Condominium All PrivateResidential

2010Q1 - - 5.1%

2009Q4 6.3% 6.1% 7.4%

2009Q3 15.9% 15.8% 15.8%2009Q2 -5.0% -4.5% -4.7%

Lee(HP:



7/42

Lee@

9222

2691


by Lee, HP: 9222 2691





7 of 42

2. What are Condominium prices doing in District 9?

This graph shows the latest recorded monthly average PSF (Price per Square Foot) for all

Condominium in District 9 where Centennia Suites is located. It was calculated by taking the

average PSF of all units sold (by caveat lodged) in the district within each month.

The table below lists the monthly average PSF data for the last 15 months shown in the chart.

Month Average PSF Number of Sales

Mar 10 $2,083 58

Feb 10 $2,042 125

Jan 10 $2,035 95

Dec 09 $1,670 42

Nov 09 $1,689 66

Oct 09 $1,526 74

Sep 09 $1,550 123

Aug 09 $1,555 229

Jul 09 $1,679 276

Jun 09 $1,398 399

May 09 $1,331 72

Apr 09 $1,324 36

Mar 09 $1,296 22

Feb 09 $1,293 10

Jan 09 $1,340 10

Condominiums in District 9 went up by 29.6% in Mar 10. It is calculated by comparing the

average PSF for the latest month (Mar 10) against the average PSF in the last 15 months. The

15-month period is illustrated in the table above.

Lee(HP:



8/42

Lee@

9222

2691


by Lee, HP: 9222 2691





8 of 42

3. What are Condominium prices doing in Centennia Suites?

Latest Avg PSF: $2,012 psf(Mar 10)

This graph shows the latest recorded monthly average PSF (Price per Square Foot) in the

estate. It was calculated by taking the average PSF of units sold (by caveat lodged) within each

month.

The table below lists the monthly average PSF data for the last 15 months shown in the chart.

Month Average PSF Number of Sales

Mar 10 $2,012 13

Feb 10 - 0.0

Condominiums in Centennia Suites went up by 0% in Mar 10. It is calculated by comparing

the average PSF for the latest month (Mar 10) against the average PSF in the last 15 months.

The 15-month period is illustrated in the table above.

Lee(HP:



9/42

Lee@

9222

2691


by Lee, HP: 9222 2691





9 of 42

In the next table, we list the 30 latest unit transaction details from Centennia Suites. Rows

highlighted in yellow refer to the highest and lowest prices in the table.

Address Size Price PSF Contract Built Tenure Type*














Note: Some systems might show transactions caused by duplicate caveats lodged against developer in sub-sales. These misleading

transactions are filtered off in StreetSine.

*Type of Sales - Developer prices are shown in New Sales while individual seller prices are

shown in Sub Sales and Resales within the transactions.

.

Lee(HP:



10/42

Lee@

9222

2691


by Lee, HP: 9222 2691





10 of 42

4. Which projects are similar to Centennia Suites?

Comparable projects are Condominiums that are similar in location, housing type, and age. In

establishing a price for a unit in Centennia Suites, it is useful to compare Centennia Suites

project with other Condominium projects. By looking at the PSF (price per square foot) of

properties sold in comparable projects, it is possible to establish a price range for your unit in

Centennia Suites. Note that this comparison only takes into account historical sale numbers for

the entire project. So it is only one data point to consider. Later we will drill down to

comparables at the unit level. Here is a description of the projects that are most comparable to

Centennia Suites. In the next question, we will compare the PSF between the projects.

Project Tenure Built City Distance

A Centennia Suites Freehold Under

Construction

0.06 km

B The Trillium

(0.03 km away)

Freehold Under

Construction

0.09 km

C Tribeca

(0.17 km away)

Freehold Under

Construction

0 km

D Zenith

(0.31 km away)

999 years from

21/06/1877

Under

Construction

0.33 km

E Luma

(0.42 km away)

Freehold Under

Construction

0.16 km

F Martin No 38

(0.52 km away)

Freehold Under

Construction

0 km

Lee(HP:

http://www.streetsine.com/main.html#estate-5078http://www.streetsine.com/main.html#estate-4813http://www.streetsine.com/main.html#estate-4636http://www.streetsine.com/main.html#estate-574http://www.streetsine.com/main.html#estate-2066http://www.streetsine.com/main.html#estate-9342


11/42

Lee@

9222

2691


by Lee, HP: 9222 2691





11 of 42

5. How expensive is Centennia Suites compared to other projects?

Using the comparables from the previous chart, below we show the latest average PSF in each

project. It is calculated by taking the average PSF of all units that are transacted in the latest

month where transactions are available in the project.

The average PSF for Centennia Suites was $2,012 in Mar 10.

As way of comparison, the range of average PSF for the other projects was $1,395-$2,289 PSF.

Project Latest Average PSF

Centennia Suites $2,012 (Mar 10)

The Trillium $1,851 (Mar 10)

Tribeca $1,851 (Mar 10)

Zenith $1,395 (Nov 09)

Luma $1,701 (Feb 10)

Martin No 38 $2,289 (Mar 10)

Lee(HP:

http://www.streetsine.com/main.html#estate-http://www.streetsine.com/main.html#estate-http://www.streetsine.com/main.html#estate-http://www.streetsine.com/main.html#estate-http://www.streetsine.com/main.html#estate-http://www.streetsine.com/main.html#estate-http://www.streetsine.com/main.html#estate-http://www.streetsine.com/main.html#estate-http://www.streetsine.com/main.html#estate-http://www.streetsine.com/main.html#estate-http://www.streetsine.com/main.html#estate-http://www.streetsine.com/main.html#estate-


12/42

Lee@

9222

2691


by Lee, HP: 9222 2691





12 of 42

6. What did comparable units in Centennia Suites recently sell for?

Comparable units are other units that are similar in size (up to 20%) and floor level (up to

10 floors)to CENTENNIA SUITES, 100 Kim Seng Road #33-02. In establishing a price for

this unit, it is useful to observe the range of prices for which other comparable units were sold.

The table below shows up to the top 10 closest comparable units that have recent transactions

within the last 12 months. The most recent transactions are shown at the top of the table.

Address Area (sqft) Price PSF Contract

100 Kim Seng Road #33-02 1,797 $3,785k $2,106 Mar 18, 2010



The range of prices for which comparable units sold was $3,638k-$3,785k.

The PSF range of comparable units sold was $2,000-$2,106.

The median PSF for comparable units sold was $2,056 psf. Based on this amount, a median

price based on recent transactions for CENTENNIA SUITES, 100 Kim Seng Road #33-02 is $

3,694,632 ($ 2,056 psf, 1797sqft)

What would a typical mortgage for the Median Price based on recent transactions be?

Based on a Median Price of $3,694,632, a 30-year loan at 2.0% interest and 20%

downpayment, the monthly mortgage is $10,925.

Lee(HP:



13/42

Lee@

9222

2691


by Lee, HP: 9222 2691





13 of 42

7. What did comparable units in other projects recently sell for?

Another point of interest is the range of prices for which comparable units in similar projects

were sold. Comparable units are similar in size (up to 20%) and floor level (up to 10 floors)

to CENTENNIA SUITES, 100 Kim Seng Road #33-02.

StreetSine did not find any comparable units sold in the last 12 months. Recent transactions in

comparable projects are not similar to your unit.

Lee(HP:



14/42

Lee@

9222

2691


by Lee, HP: 9222 2691





14 of 42

8. What are sellers asking for in Centennia Suites?

As of Apr 9, 2010, there are 14 active listings found for sale that are posted within the last 1

month in Centennia Suites that are complete with pricing and size information.

Total Listings in Centennia Suites : 14

PSF Range : $1,939 - $2,120

Asking Price Range : $2,400,000 - $4,700,000

Days on Market (DOM)

Days on market describe the age of a property listing from its first posting. The table below

shows a summary of asking PSF for all active listings in Centennia Suites per the DOM

interval. (refer to Annex for listing details)

Days on Market Min. PSF Median PSF Max. PSF No. of listings

0-30 (1 mth) $1,993 $2,030 $2,120 11

31-60 (2 mths) $1,939 $1,939 $1,939 1

61-90 (3 mths) $2,100 $2,104 $2,109 2

91-120 (4 mths) - - - 0

121-150 (5 mths) - - - 0

>151 (>6 mths) - - - 0

Total Listings : 14

For listings with days on market less than 2 months, the median asking PSF is $2,015 psf.

Based on this amount, a median price based on listings for CENTENNIA SUITES, 100 Kim

Seng Road #33-02 is $ 3,620,955 ($ 2,015 psf, 1797sqft)

Refer to Annex for details on all active listings.

What would a typical mortgage for the Median Price based on listings be?

Based on a Median Price of $3,620,955, a 30-year loan at 2.0% interest and 20%


Lee(HP:



15/42

Lee@

9222

2691


by Lee, HP: 9222 2691





15 of 42

9. (SUMMARY) How does the index price for CENTENNIA

SUITES, 100 Kim Seng Road #33-02 compare with the other price

ranges discussed earlier?

In the previous questions, we drilled down from an overall property market trend to unit

pricing information for CENTENNIA SUITES, 100 Kim Seng Road #33-02. We observed the

price range of units that are comparable in size and floor levelsto our unit.

Each chart, below, combines all the data points into one visual. Ranges 1 & 2 are the HIGH/

LOW transactions ofsimilar units within the last 12 months in Centennia Suites and other

similar projects respectively. Ranges 3 & 4 are the HIGH/LOW listing prices for Centennia

Suites and other similar projects within the last 1 month. (Note: Listing prices cover ALL

units regardless of size or floor levels in the project. Refer to Annex for individual listing

details.)

Use these charts as a reference to arrive at a pricing solution in which you can take comfort.

Lee(HP:



16/42

Lee@

9222

2691


by Lee, HP: 9222 2691





16 of 42

B. Renting

1. What are rental prices for Condominiums doing?

Centennia Suites is a Condominium in Core Central Region of Singapore. The graph below

shows the rental price movements of Condominiums up to 2010Q1 (31 Mar 2010). You can

compare the different rental indexes to help you evaluate the movement of the rental market.

Rental Index is defined as the ratio of the current rental per square foot per month compared

with that in 4th Quarter 1998. It is used to monitor the general rental movement of private

properties in Singapore.

Core Central Condominium refers to the rental index of all the Condominiums located in the

Core Central Region.All Condominiums refers to the rental index for all the Condominiums inSingapore.All Private Residential refers to the rental index for all private housing types

combined, which includes landed homes, apartments, etc.

The table below shows the quarterly change in rental index over the last 1 year. In the most

recent quarter of 2009Q4, rentals have changed by 0.9% from the previous quarter.

Quarter Quarterly Percentage Change

CentralCondominium

All Condominium All PrivateResidential

2009Q4 0.9% 0.5% 0.6%

2009Q3 -2.1% -2.2% -2.2%

2009Q2 -5.1% -5.6% -5.2%

2009Q1 -10.3% -8.7% -8.5%

Lee(HP:



17/42

Lee@

9222

2691


by Lee, HP: 9222 2691





17 of 42

2. How do rental prices in Centennia Suites compare to those found

in other similar projects?

The table below shows the latest rental approximations for Condominiums in Centennia Suites

and other similar projects. Size is based on either the selected unit size or the median

transacted square foot in each project. Note that there is a lag period of at least 1 month in the

time a rent is reported. Therefore, the below points are only a reference point. You should also

factor in the direction of the market.

Project Size 25th percentile Median 75th percentile

Centennia Suites

*

1 sqft $3.86 $4.91 $5.00

1,797 sqft $6,942 $8,823 $8,980

Luma * 1 sqft $4.56 $4.59 $4.62

904 sqft $4,124 $4,149 $4,175

Zenith * 1 sqft $1.37 $1.68 $2.00

570 sqft $780 $959 $1,138

The Trillium * 1 sqft $3.86 $4.91 $5.00

1,797 sqft $6,942 $8,823 $8,980

Martin No 38 * 1 sqft $4.10 $4.10 $4.10

1,130 sqft $4,633 $4,633 $4,633

Tribeca * 1 sqft $3.86 $4.91 $5.00

1,194 sqft $4,614 $5,864 $5,968

Footnotes:

1. StreetSine employs proprietary algorithms to derive the approximations shown

above. It combines input data from the Inland Revenue Authority of Singapore

(IRAS) with rental trends from other sources.

2. Projects marked with * have their project rentals estimated from all Condominiumsalong the same street as the project. This is necessary when there are insufficient

rental data for that project. For uncompleted projects, this may be an indication of its

rental potential.

3. For uncompleted projects without rental history, this table could be a good indication

of rental potential. The rental quartiles are estimated from comparable projects of the

same housing type along the same street.

4. Rental quartiles are based on at least 10 rental contracts signed within a stipulated

period. The data will help you make better informed rental decisions.

5. Actual unit rental depends on other factors such as view, condition and furnishings.

Lee(HP:



18/42

Lee@

9222

2691


by Lee, HP: 9222 2691





18 of 42

3. What could the landlord be paying for his monthly mortgage

instalments?

The monthly mortgage based on the last sold price is an indication of part of the current

landlord's cost.

Address : CENTENNIA SUITES, 100 Kim Seng Road #33-02

Purchase price : $ 3,785,000

Purchase date : Mar 18, 2010

Assumptions

Interest rate : 2.0%

Down payment : 20%Term of loan : 30 years

Monthly mortgage payments : $11,192 per month

Lee(HP:



19/42

Lee@

9222

2691


by Lee, HP: 9222 2691





19 of 42

C. Investing

1. What return have owners earned from selling their Centennia

Suites units?

As of Mar 1, 2010, there are no units that were bought and subsequently sold over a period of

at least 1 year in Centennia Suites project.

Lee(HP:



20/42

Lee@

9222

2691


by Lee, HP: 9222 2691





20 of 42

2. What is an average Index Price for CENTENNIA SUITES, 100

Kim Seng Road #33-02?

An Index Price is the last sale price of the unit adjusted for the markets price change, as

described by the CondominiumURA price index. It is based on the investment theory that,

over the long run, a units price reverts to the average price of the market. (For these purposes,

we define "market" as all units of the same housing type in the same region.) In other words,

over time, the price of a unit will not outperform the market. It will not increase (or decrease)

at a greater rate than the overall growth (or decline) of the market.

The table below shows the index PSF for all individual units sold in Centennia Suites that are

similar in size ( 20%)and floor level ( 1 floor) to CENTENNIA SUITES, 100 Kim Seng

Road #33-02.

Based on an average index PSF of$2,106 psffor these similar units, the average Index Price

for CENTENNIA SUITES, 100 Kim Seng Road #33-02 is $3,784,482 ($2,106 psf, 1797 sqft).

Address Area sqft Last Sold URA Price Index Change Index PSF(2010Q1)

100 Kim Seng Road #33-02 1,797 $2,106 psf (Mar 10) 0.0% (2010Q1 to 2010Q1) $2,106 psf

Average Index PSF $2,106 psf

What would a typical mortgage for the Index Price be?

Based on an Index Price of $3,784,482, a 30-year loan at 2.0% interest and 20%


Lee(HP:



21/42

Lee@

9222

2691


by Lee, HP: 9222 2691





21 of 42

3. How does the index price for CENTENNIA SUITES, 100 Kim

Seng Road #33-02 compare with the other price ranges discussed

earlier?

The chart below shows, in 1 visual, the Index Price and Index Psf with respect to other

transacted and listing price ranges discussed earlier.

Use these charts as a reference to arrive at a pricing solution in which you can take comfort.

Lee(HP:



22/42

Lee@

9222

2691


by Lee, HP: 9222 2691





22 of 42

4. What are the recent rental yields in Centennia Suites?

Good property price appreciations are usually

associated with higher rental yields.

Gross Rental Yieldof a property is its rental

income divided by its sale price.

Net Rental Yieldis the rental income minus

taxes and expenses, divided by its sale price.

Return on Equity (ROE) is the rental income

minus taxes & expenses & bank loan interest,

divided by the downpayment. It is a

precentage measure of the return on the real

estate investment property.

Project Gross Rental Yield Net Rental Yield Return on Equity

Centennia Suites* 2.74% 2.19% 2.95%

Tribeca* 3.31% 2.64% 5.22%

The Trillium* 2.95% 2.36% 3.79%Zenith* 1.13% 0.90% -3.49%

Luma* 3.22% 2.57% 4.87%

Martin No 38* 2.15% 1.72% 0.59%

The table above shows an estimate of the average comparative rental yield for Condominiums

in Centennia Suitesand other comparable projects.

Note:

(a) Assume 20% typical expenses to obtain net income. This covers property taxes,

maintenance, insurance, repairs, and agent commission.

(b) Return on Equity (ROE) calculations are based on 80.0% loan at an interest rate of

2.0% per annum. We assume pure interest bank loan with no capital repayment.

(c) Projects marked with * have their project rentals estimated from all Condominiums

along the same street as the project. For uncompleted projects, this may be an

indication of its investment potential.

(d) Refer to Annex for the rental yield derivation of Centennia Suites.

Lee(HP:



23/42

Lee@

9222

2691


by Lee, HP: 9222 2691





23 of 42

Annex A

Rental yield calculations for Condominiums in Centennia Suites

To derive the rental yield of a project, we will find the average yield of 3 sample units. Thefirst unit is a typical rented unit with low rent (25th percentile). The second one representsmedium rent (50th percentile) and third one represents a unit with high rent (75th percentile).

25th percentile 50th percentile 75th percentile

Size 1,237 sqft 1,818 sqft 2,238 sqft

A Sale price $2,439,000 $3,638,000 $4,604,100

B Down payment (20%) $487,800 $727,600 $920,820

C Housing Loan (80.0%) $1,951,200 $2,910,400 $3,683,280

D Yearly interest repayment

(2.0% interest * [C])

2.0% * $1,951,200

= $39,024

2.0% * $2,910,400

= $58,208

2.0% * $3,683,280

= $73,666

E Rent (psf) per month $3.86 $4.91 $5.00

F Rent (p.m.) [size]x[E] $4,781 $8,928 $11,184

G Gross Rent per annum $57,367 $107,139 $134,210

H 20% expenses $11,473 $21,428 $26,842

I Gross income = [G] - [H] $45,893 $85,711 $107,368

J Net income = [I] - [D] $6,869 $27,503 $33,702

K Gross Yield = [G] / [A] 2.35% 2.95% 2.92%

L Net Yield = [I] / [A] 1.88% 2.36% 2.33%

M Return on Equity (ROE) =

[J] / [B]

1.41% 3.78% 3.66%

Avg Gross Yield: 2.74% Avg Net Yield: 2.19% Avg ROE: 2.95%

Lee(HP:



24/42

Lee@

9222

2691


by Lee, HP: 9222 2691





24 of 42

Annex B

All listings are active as at Apr 9, 2010. They are last posted within 1 month from various

sources. Highlighted in yellow are the highest and lowest asking prices / psf.

Sale Listings in Centennia Suitesand other comparable projects

Sale Address Asking PSF Built

sqft

Bed-

rooms

Posted Days

on

Market

Kim Seng Plaza $2,400k $1,939 1,238 2 Apr 5, 2010 32

Centennia Suites $2,600k $2,100 1,238 2 Apr 5, 2010 4




Centennia Suites CALL - 1,238 2 Apr 2, 2010 7


Centennia Suites CALL - 1,238 2 Apr 1, 2010 8

Centennia Suites $2,467k $1,993 1,238 2 Mar 31, 2010 9

Kim Seng Plaza CALL - 1,238 2 Mar 31, 2010 36

Centennia Suites CALL - 2,303 4 Mar 31, 2010 9













Kim Seng Plaza $3,750k $2,061 1,819 3 Mar 18, 2010 22

Kim Seng Plaza $2,550k $2,060 1,238 2 Mar 15, 2010 25


Tribeca $1,756k $1,699 1,033 2 Apr 8, 2010 7

Zenith $2,940k $1,198 2,454 3 Apr 8, 2010 28

Tribeca $3,000k $1,699 1,765 4 Apr 8, 2010 7

Tribeca $900k $1,742 517 1 Apr 7, 2010 2

Tribeca $930k $1,800 517 - Apr 7, 2010 42

Tribeca $950k $1,839 517 1 Apr 7, 2010 58

Tribeca $956k $1,850 517 - Apr 7, 2010 36

Lee(HP:



25/42

Lee@

9222

2691


by Lee, HP: 9222 2691





25 of 42

Zenith $980k $1,718 570 1 Apr 7, 2010 9

Tribeca $1,000k $1,753 570 1 Apr 7, 2010 2

Tribeca $1,000k $1,753 570 - Apr 7, 2010 11

Zenith, 60, #04-05 $1,000k $1,753 570 1 Apr 7, 2010 20

Tribeca $1,000k $1,753 570 - Apr 7, 2010 32

Tribeca $1,000k $1,753 570 1 Apr 7, 2010 2

Tribeca $1,050k $1,841 570 1 Apr 7, 2010 7

Tribeca $1,050k $1,841 570 - Apr 7, 2010 36

Tribeca $1,750k $1,694 1,033 2 Apr 7, 2010 58

Tribeca $1,756k $1,699 1,033 2 Apr 7, 2010 30

Tribeca $1,800k $1,742 1,033 2 Apr 7, 2010 2

Tribeca $2,250k $1,633 1,378 3 Apr 7, 2010 2

Tribeca $2,340k $1,698 1,378 3 Apr 7, 2010 11

Tribeca $2,380k $1,714 1,388 3 Apr 7, 2010 2

Tribeca $2,397k $1,700 1,410 3 Apr 7, 2010 36

Tribeca $2,400k $1,702 1,410 3 Apr 7, 2010 2

Tribeca $2,400k $1,756 1,367 3 Apr 7, 2010 58

Tribeca $2,480k $1,800 1,378 3 Apr 7, 2010 16

The Trillium $2,550k $1,822 1,399 2 Apr 7, 2010 2





Tribeca $2,670k $1,953 1,367 3 Apr 7, 2010 2

The Trillium $2,850k $1,976 1,442 2 Apr 7, 2010 2Zenith $2,900k $1,182 2,454 3 Apr 7, 2010 2

Zenith $2,930k $1,194 2,454 3 Apr 7, 2010 2

Zenith $2,940k $1,198 2,454 3 Apr 7, 2010 2


Tribeca $3,000k $1,699 1,765 3 Apr 7, 2010 2

Tribeca $3,000k $1,699 1,765 3 Apr 7, 2010 30

Tribeca $3,001k $1,700 1,765 3 Apr 7, 2010 2

Tribeca $3,143k $1,650 1,905 4 Apr 7, 2010 30

Tribeca $3,200k $1,680 1,905 4 Apr 7, 2010 80



Tribeca $3,352k $1,769 1,894 4 Apr 7, 2010 27



Tribeca $3,490k $1,832 1,905 4 Apr 7, 2010 24

Tribeca $3,500k $1,837 1,905 4 Apr 7, 2010 2






Lee(HP:



26/42

Lee@

9222

2691


by Lee, HP: 9222 2691





26 of 42









Tribeca CALL - 1,905 4 Apr 7, 2010 2

Tribeca CALL - 570 - Apr 7, 2010 2

Tribeca $905k $1,752 517 1 Apr 6, 2010 21

Tribeca $1,080k $1,893 570 - Apr 6, 2010 17

The Trillium $1,100k $1,928 570 1 Apr 6, 2010 3

Tribeca $1,685k $1,631 1,033 2 Apr 6, 2010 37

Tribeca $1,720k $1,665 1,033 2 Apr 6, 2010 3


Luma $1,898k $2,099 904 2 Apr 6, 2010 3

Tribeca $2,433k $1,780 1,367 3 Apr 6, 2010 42

Tribeca $2,450k $1,792 1,367 3 Apr 6, 2010 32

Tribeca $2,600k $1,858 1,399 2 Apr 6, 2010 3

Tribeca $2,774k $1,998 1,388 3 Apr 6, 2010 12

Zenith $2,940k $1,198 2,454 3 Apr 6, 2010 42

Zenith $2,940k $1,198 2,454 3 Apr 6, 2010 3

Zenith $2,940k $1,198 2,454 3 Apr 6, 2010 30

Zenith $2,940k $1,198 2,454 3 Apr 6, 2010 30Zenith $2,942k $1,199 2,454 3 Apr 6, 2010 3

Tribeca $3,001k $1,700 1,765 3 Apr 6, 2010 3


Tribeca $3,500k $1,947 1,797 3 Apr 6, 2010 3


Tribeca $4,200k $1,894 2,217 4 Apr 6, 2010 3

Tribeca CALL - 1,765 3 Apr 6, 2010 3

Zenith $860k $1,816 474 1 Apr 5, 2010 32

Tribeca $950k $1,839 517 - Apr 5, 2010 4

Tribeca $1,060k $1,858 570 - Apr 5, 2010 59

Tribeca $1,083k $1,898 570 1 Apr 5, 2010 29

Tribeca $1,129k $1,979 570 - Apr 5, 2010 17

Tribeca $1,140k $1,998 570 1 Apr 5, 2010 21

Tribeca $1,140k $1,998 570 - Apr 5, 2010 4

Tribeca $1,140k $1,998 570 1 Apr 5, 2010 4

Tribeca $1,684k $1,630 1,033 2 Apr 5, 2010 32

Tribeca $1,694k $1,639 1,033 2 Apr 5, 2010 31

Tribeca $1,787k $1,729 1,033 2 Apr 5, 2010 34

Tribeca $1,800k $1,742 1,033 2 Apr 5, 2010 11

Tribeca $1,860k $1,800 1,033 2 Apr 5, 2010 71

Tribeca $1,960k $1,897 1,033 2 Apr 5, 2010 4

Lee(HP:



27/42

Lee@

9222

2691


by Lee, HP: 9222 2691





27 of 42

Tribeca $2,119k $1,550 1,367 3 Apr 5, 2010 32

Tribeca $2,140k $1,565 1,367 3 Apr 5, 2010 4

Tribeca $2,200k $1,609 1,367 3 Apr 5, 2010 4

Tribeca $2,229k $1,900 1,173 1 Apr 5, 2010 115

Tribeca $2,343k $1,701 1,378 3 Apr 5, 2010 21



Tribeca $2,600k $1,844 1,410 3 Apr 5, 2010 4

Tribeca $2,609k $1,850 1,410 3 Apr 5, 2010 29






Zenith $2,940k $1,198 2,454 3 Apr 5, 2010 4


Zenith $2,945k $1,200 2,454 3 Apr 5, 2010 66

Zenith $2,945k $1,200 2,454 3 Apr 5, 2010 4

Zenith $2,945k $1,200 2,454 3 Apr 5, 2010 15






Tribeca $3,089k $1,750 1,765 4 Apr 5, 2010 29Tribeca $3,177k $1,800 1,765 3 Apr 5, 2010 21

Zenith $3,188k $1,299 2,454 3 Apr 5, 2010 4

Tribeca $3,325k $1,745 1,905 4 Apr 5, 2010 4

Tribeca $3,334k $1,750 1,905 4 Apr 5, 2010 79


Tribeca $3,400k $1,795 1,894 4 Apr 5, 2010 63

Tribeca $3,400k $1,926 1,765 4 Apr 5, 2010 4







Tribeca, 60, #24 ABV $3,900k $2,209 1,765 3 Apr 5, 2010 4

Tribeca $4,000k $2,100 1,905 4 Apr 5, 2010 4







Lee(HP:



28/42

Lee@

9222

2691


by Lee, HP: 9222 2691





28 of 42





Tribeca $7,328k $2,300 3,186 5 Apr 5, 2010 73

Tribeca CALL - 1,033 2 Apr 5, 2010 21

Zenith CALL - 2,454 3 Apr 5, 2010 12

Zenith CALL - 1,195 3 Apr 5, 2010 4

Tribeca CALL - 1,765 4 Apr 5, 2010 4

Tribeca $930k $1,800 517 - Apr 4, 2010 89

Tribeca $982k $1,901 517 - Apr 4, 2010 58

Tribeca $1,000k $1,753 570 - Apr 4, 2010 11

Tribeca $1,750k $1,694 1,033 2 Apr 4, 2010 7

Tribeca $1,800k $1,742 1,033 2 Apr 4, 2010 5

Tribeca $1,800k $1,742 1,033 2 Apr 4, 2010 88

Luma $1,952k $1,664 1,173 2 Apr 4, 2010 5

Tribeca $2,119k $1,538 1,378 3 Apr 4, 2010 30

Tribeca $2,289k $1,648 1,388 3 Apr 4, 2010 30

Tribeca $2,400k $1,742 1,378 3 Apr 4, 2010 38





Zenith $2,940k $1,198 2,454 3 Apr 4, 2010 5

Zenith $2,945k $1,200 2,454 3 Apr 4, 2010 5Tribeca $3,000k $1,699 1,765 4 Apr 4, 2010 86



Tribeca $3,239k $1,700 1,905 4 Apr 4, 2010 35





Zenith CALL - 2,454 3 Apr 4, 2010 5

Zenith $880k $1,543 570 1 Apr 3, 2010 15

Tribeca $931k $1,802 517 - Apr 3, 2010 266

Tribeca $1,140k $1,998 570 1 Apr 3, 2010 35

Zenith $1,750k $1,548 1,130 2 Apr 3, 2010 249

Tribeca $1,800k $1,742 1,033 2 Apr 3, 2010 35

Tribeca $2,256k $1,650 1,367 3 Apr 3, 2010 6




The Trillium $2,590k $1,851 1,399 - Apr 3, 2010 7

Tribeca $2,700k $1,975 1,367 3 Apr 3, 2010 6

Zenith $2,940k $1,198 2,454 3 Apr 3, 2010 29

Lee(HP:



29/42

Lee@

9222

2691


by Lee, HP: 9222 2691





29 of 42

Tribeca $3,524k $1,850 1,905 4 Apr 3, 2010 6

Tribeca $3,530k $2,000 1,765 4 Apr 3, 2010 35

The Trillium $3,850k $1,736 2,217 - Apr 3, 2010 7



Zenith CALL - 2,454 3 Apr 3, 2010 6

The Trillium CALL - 1,399 2 Apr 3, 2010 6

Tribeca CALL - 1,367 3 Apr 3, 2010 33

Tribeca CALL - 2,605 4 Apr 3, 2010 33

Zenith CALL - 570 1 Apr 3, 2010 6

Zenith $884k $1,550 570 1 Apr 2, 2010 203

Zenith $1,000k $1,753 570 1 Apr 2, 2010 7

Tribeca $1,000k $1,753 570 1 Apr 2, 2010 7

Tribeca $1,000k $1,935 517 1 Apr 2, 2010 15

Tribeca $1,080k $1,893 570 - Apr 2, 2010 7

Tribeca $1,140k $1,998 570 1 Apr 2, 2010 7

Tribeca $1,800k $1,742 1,033 2 Apr 2, 2010 7

Tribeca $2,297k $1,680 1,367 3 Apr 2, 2010 19

Tribeca $2,300k $1,669 1,378 3 Apr 2, 2010 7

Tribeca $2,300k $1,682 1,367 3 Apr 2, 2010 7


Tribeca $2,461k $1,800 1,367 3 Apr 2, 2010 7

Tribeca $2,500k $1,829 1,367 3 Apr 2, 2010 7


The Trillium $2,700k $1,930 1,399 3 Apr 2, 2010 7Zenith $2,940k $1,198 2,454 3 Apr 2, 2010 7

Zenith $2,942k $1,199 2,454 3 Apr 2, 2010 7

Zenith $3,000k $1,222 2,454 3 Apr 2, 2010 7

Zenith $3,000k $1,222 2,454 3 Apr 2, 2010 7

Tribeca $3,000k $1,699 1,765 3 Apr 2, 2010 7



Tribeca $3,100k $1,756 1,765 3 Apr 2, 2010 7








Tribeca CALL - 1,378 3 Apr 2, 2010 7

Luma CALL - 904 2 Apr 2, 2010 7

Tribeca CALL - 1,765 3 Apr 2, 2010 7

Tribeca $970k $1,700 570 1 Apr 1, 2010 253

Tribeca $1,034k $2,001 517 1 Apr 1, 2010 39

Tribeca $1,150k $2,016 570 - Apr 1, 2010 229

Lee(HP:



30/42

Lee@

9222

2691


by Lee, HP: 9222 2691





30 of 42

Tribeca $1,888k $1,580 1,195 1 Apr 1, 2010 8

Tribeca $1,928k $1,866 1,033 2 Apr 1, 2010 203

Tribeca $2,238k $1,624 1,378 3 Apr 1, 2010 203

Tribeca $2,345k $1,702 1,378 3 Apr 1, 2010 78


Tribeca $2,580k $1,887 1,367 3 Apr 1, 2010 39

Tribeca $2,600k $1,902 1,367 3 Apr 1, 2010 35

Tribeca $2,689k $1,952 1,378 3 Apr 1, 2010 35



Tribeca $2,780k $2,002 1,388 3 Apr 1, 2010 8

Zenith $2,940k $1,198 2,454 3 Apr 1, 2010 8

Zenith $2,940k $1,198 2,454 3 Apr 1, 2010 8



Tribeca $3,250k $1,841 1,765 4 Apr 1, 2010 203



The Trillium, 116, #08 ABOVE $4,620k $2,084 2,217 4 Apr 1, 2010 8


Zenith $880k $1,543 570 1 Mar 31, 2010 9

Tribeca $1,030k $1,994 517 1 Mar 31, 2010 36

Tribeca $1,150k $2,016 570 1 Mar 31, 2010 9

Tribeca $1,756k $1,699 1,033 2 Mar 31, 2010 9

Tribeca $1,760k $1,703 1,033 2 Mar 31, 2010 9Tribeca $1,800k $1,742 1,033 2 Mar 31, 2010 9

Tribeca $1,880k $1,819 1,033 2 Mar 31, 2010 9

Tribeca $2,150k $1,799 1,195 1 Mar 31, 2010 36

Martin No 38 $2,300k $2,374 969 2 Mar 31, 2010 9

Tribeca $2,343k $1,701 1,378 3 Mar 31, 2010 39

Tribeca $2,400k $1,756 1,367 3 Mar 31, 2010 171

Tribeca $2,410k $1,749 1,378 3 Mar 31, 2010 36

The Trillium $2,520k $1,801 1,399 2 Mar 31, 2010 39


Tribeca $3,000k $1,699 1,765 3 Mar 31, 2010 39



Tribeca $3,200k $1,813 1,765 3 Mar 31, 2010 9

Tribeca $3,239k $1,700 1,905 4 Mar 31, 2010 45







Zenith CALL - 2,454 3 Mar 31, 2010 36

Lee(HP:



31/42

Lee@

9222

2691


by Lee, HP: 9222 2691





31 of 42

Tribeca $930k $1,800 517 - Mar 30, 2010 86

Tribeca $998k $1,749 570 1 Mar 30, 2010 28

Tribeca $1,000k $1,753 570 1 Mar 30, 2010 37

Zenith $1,000k $1,753 570 1 Mar 30, 2010 16

Tribeca $1,011k $1,772 570 1 Mar 30, 2010 16

Tribeca $1,140k $1,998 570 1 Mar 30, 2010 10

Luma $1,450k $1,952 743 2 Mar 30, 2010 64

Tribeca $1,777k $1,720 1,033 2 Mar 30, 2010 66

Luma $2,020k $2,234 904 2 Mar 30, 2010 10

Tribeca $2,100k $2,032 1,033 2 Mar 30, 2010 10

Tribeca $2,480k $1,800 1,378 3 Mar 30, 2010 10





Zenith $2,900k $1,182 2,454 2 Mar 30, 2010 10

Zenith $2,940k $1,198 2,454 3 Mar 30, 2010 10

Zenith $2,945k $1,200 2,454 3 Mar 30, 2010 10

Tribeca $3,000k $1,699 1,765 4 Mar 30, 2010 10






The Trillium $4,700k $2,120 2,217 4 Mar 30, 2010 89The Trillium $4,800k $2,009 2,389 5 Mar 30, 2010 226





Zenith $900k $1,779 506 1 Mar 29, 2010 11

Zenith $930k $1,630 570 1 Mar 29, 2010 11

Tribeca $1,140k $2,206 517 - Mar 29, 2010 39

Luma $1,420k $1,912 743 2 Mar 29, 2010 39

Tribeca $1,756k $1,699 1,033 2 Mar 29, 2010 11

Tribeca $1,760k $1,703 1,033 2 Mar 29, 2010 39

Tribeca $1,850k $1,577 1,173 1 Mar 29, 2010 38

Tribeca $2,350k $1,706 1,378 3 Mar 29, 2010 135



Zenith $2,940k $1,198 2,454 3 Mar 29, 2010 11

Zenith $2,940k $1,198 2,454 3 Mar 29, 2010 11

Zenith $2,940k $1,198 2,454 3 Mar 29, 2010 11

Zenith $2,940k $1,198 2,454 3 Mar 29, 2010 11

Zenith $2,950k $1,202 2,454 3 Mar 29, 2010 31

Zenith $3,068k $1,250 2,454 3 Mar 29, 2010 38

Lee(HP:



32/42

Lee@

9222

2691


by Lee, HP: 9222 2691





32 of 42

Tribeca $3,100k $1,756 1,765 4 Mar 29, 2010 38

Tribeca $3,200k $1,813 1,765 3 Mar 29, 2010 11


Tribeca $3,500k $1,837 1,905 4 Mar 29, 2010 11

Tribeca $3,530k $2,000 1,765 4 Mar 29, 2010 39




Tribeca CALL - 1,431 2 Mar 29, 2010 11

Zenith $955k $1,674 570 1 Mar 28, 2010 232

Tribeca $960k $1,858 517 2 Mar 28, 2010 122

Tribeca $3,353k $1,899 1,765 3 Mar 28, 2010 12

Zenith CALL - 570 2 Mar 28, 2010 12

The Trillium CALL - 2,282 4 Mar 28, 2010 12

Tribeca $982k $1,901 517 - Mar 27, 2010 13

Tribeca $1,000k $1,753 570 - Mar 27, 2010 13

Tribeca $1,083k $1,898 570 - Mar 27, 2010 13

Tribeca $1,756k $1,699 1,033 2 Mar 27, 2010 13

Tribeca $1,800k $1,742 1,033 2 Mar 27, 2010 18

Tribeca $2,300k $1,682 1,367 3 Mar 27, 2010 22

Tribeca $2,350k $1,706 1,378 3 Mar 27, 2010 22


Tribeca $3,050k $1,728 1,765 3 Mar 27, 2010 13

Tribeca $3,250k $1,706 1,905 4 Mar 27, 2010 22

The Trillium $3,880k $1,750 2,217 4 Mar 27, 2010 13Tribeca $1,000k $1,753 570 1 Mar 26, 2010 41

Tribeca $1,030k $1,994 517 1 Mar 26, 2010 20

Tribeca $1,788k $1,730 1,033 2 Mar 26, 2010 68

Tribeca $1,808k $1,750 1,033 2 Mar 26, 2010 231

Tribeca $1,810k $1,752 1,033 2 Mar 26, 2010 14

Zenith $2,090k $1,849 1,130 2 Mar 26, 2010 14

Tribeca $2,119k $1,550 1,367 3 Mar 26, 2010 78

Luma $2,340k $2,588 904 2 Mar 26, 2010 14

Tribeca $2,350k $1,719 1,367 3 Mar 26, 2010 14



Zenith $2,940k $1,198 2,454 3 Mar 26, 2010 14

Zenith $3,000k $1,222 2,454 3 Mar 26, 2010 14




Tribeca $905k $1,752 517 - Mar 25, 2010 15

Tribeca $995k $1,926 517 - Mar 25, 2010 15

Tribeca $1,200k $2,323 517 1 Mar 25, 2010 15

Tribeca $1,810k $1,752 1,033 2 Mar 25, 2010 15

Tribeca $1,830k $1,771 1,033 2 Mar 25, 2010 15

Lee(HP:



33/42

Lee@

9222

2691


by Lee, HP: 9222 2691





33 of 42

Tribeca $1,850k $1,790 1,033 2 Mar 25, 2010 50

Tribeca $2,274k $1,650 1,378 3 Mar 25, 2010 79

Tribeca $2,300k $1,682 1,367 3 Mar 25, 2010 15

Tribeca $2,343k $1,701 1,378 3 Mar 25, 2010 15

Tribeca $2,360k $1,713 1,378 3 Mar 25, 2010 15


The Trillium, 118, #11 ABOVE $2,611k $1,956 1,335 3 Mar 25, 2010 15


Zenith $2,940k $1,198 2,454 3 Mar 25, 2010 15

Tribeca $3,018k $1,710 1,765 3 Mar 25, 2010 15











Luma CALL - 1,173 2 Mar 25, 2010 15

Tribeca $980k $1,897 517 1 Mar 24, 2010 16

Tribeca $999k $1,934 517 1 Mar 24, 2010 16

Tribeca $1,034k $2,001 517 1 Mar 24, 2010 16

Tribeca $1,050k $1,841 570 1 Mar 24, 2010 16Tribeca $1,050k $1,841 570 1 Mar 24, 2010 16

Tribeca $1,138k $2,202 517 1 Mar 24, 2010 43

Tribeca $1,265k $2,217 570 1 Mar 24, 2010 43

Tribeca $1,768k $1,711 1,033 2 Mar 24, 2010 16

Tribeca $1,860k $1,800 1,033 2 Mar 24, 2010 43

Tribeca $2,000k $1,935 1,033 2 Mar 24, 2010 16

Zenith $2,000k $1,770 1,130 2 Mar 24, 2010 16

Tribeca $2,157k $1,565 1,378 3 Mar 24, 2010 16

Tribeca $2,160k $1,580 1,367 3 Mar 24, 2010 16

Martin No 38 $2,230k $2,302 969 2 Mar 24, 2010 16

Tribeca $2,250k $2,177 1,033 2 Mar 24, 2010 43

Tribeca $2,290k $1,675 1,367 3 Mar 24, 2010 124

Tribeca $2,300k $1,682 1,367 3 Mar 24, 2010 16

Tribeca $2,460k $1,785 1,378 3 Mar 24, 2010 16

Tribeca $2,461k $1,800 1,367 3 Mar 24, 2010 16

Tribeca $2,500k $1,829 1,367 3 Mar 24, 2010 16

Tribeca $2,600k $1,844 1,410 3 Mar 24, 2010 16

Tribeca $2,700k $1,960 1,378 3 Mar 24, 2010 16

Tribeca $2,890k $2,114 1,367 3 Mar 24, 2010 43


Tribeca $2,950k $2,141 1,378 3 Mar 24, 2010 43

Lee(HP:



34/42

Lee@

9222

2691


by Lee, HP: 9222 2691





34 of 42

Tribeca $2,972k $1,560 1,905 4 Mar 24, 2010 86

Zenith $2,989k $1,218 2,454 3 Mar 24, 2010 16

Tribeca $3,036k $1,720 1,765 3 Mar 24, 2010 43



Tribeca $3,089k $1,750 1,765 4 Mar 24, 2010 16


Tribeca $3,680k $2,085 1,765 3 Mar 24, 2010 43

Tribeca $4,000k $2,100 1,905 4 Mar 24, 2010 43








Zenith $789k $1,745 452 - Mar 23, 2010 44

Tribeca $900k $1,742 517 1 Mar 23, 2010 17

Tribeca $999k $1,934 517 1 Mar 23, 2010 17

Zenith $1,050k $1,841 570 - Mar 23, 2010 17

Tribeca $1,050k $1,841 570 - Mar 23, 2010 260

Zenith $1,050k $1,841 570 1 Mar 23, 2010 17

Luma $1,650k $2,222 743 2 Mar 23, 2010 17

Tribeca $1,700k $1,645 1,033 2 Mar 23, 2010 210


Tribeca $1,859k $1,799 1,033 2 Mar 23, 2010 73

Tribeca $1,900k $1,839 1,033 2 Mar 23, 2010 17

Luma $1,980k $2,190 904 2 Mar 23, 2010 44

Tribeca $2,300k $1,669 1,378 3 Mar 23, 2010 72

Tribeca $2,340k $1,698 1,378 3 Mar 23, 2010 17

Tribeca $2,500k $1,829 1,367 3 Mar 23, 2010 17


Tribeca $2,920k $1,654 1,765 3 Mar 23, 2010 17

Zenith $2,940k $1,198 2,454 3 Mar 23, 2010 17

Tribeca $3,000k $1,699 1,765 3 Mar 23, 2010 17

Tribeca $3,000k $2,177 1,378 3 Mar 23, 2010 17



Tribeca $3,400k $1,785 1,905 4 Mar 23, 2010 17

Tribeca $3,600k $1,890 1,905 4 Mar 23, 2010 17






Lee(HP:



35/42

Lee@

9222

2691


by Lee, HP: 9222 2691





35 of 42


Tribeca $980k $1,897 517 1 Mar 22, 2010 18

Tribeca $1,700k $1,645 1,033 2 Mar 22, 2010 18

Tribeca $1,777k $1,719 1,033 2 Mar 22, 2010 18

Tribeca $1,840k $1,781 1,033 2 Mar 22, 2010 18

Tribeca $2,200k $1,597 1,378 3 Mar 22, 2010 18

Tribeca $2,297k $1,680 1,367 3 Mar 22, 2010 18

Tribeca $2,324k $1,700 1,367 3 Mar 22, 2010 57

Tribeca $2,350k $1,706 1,378 3 Mar 22, 2010 18

Tribeca $2,500k $1,829 1,367 3 Mar 22, 2010 18


Tribeca $2,689k $1,952 1,378 3 Mar 22, 2010 18

Tribeca $2,750k $1,980 1,388 3 Mar 22, 2010 45

Tribeca $2,789k $1,580 1,765 3 Mar 22, 2010 86


Tribeca $3,177k $1,800 1,765 4 Mar 22, 2010 18









Tribeca $905k $1,751 517 - Mar 21, 2010 100Tribeca $998k $1,749 570 1 Mar 21, 2010 19

Tribeca $1,000k $1,753 570 - Mar 21, 2010 19

Tribeca $1,026k $1,798 570 1 Mar 21, 2010 19

Tribeca $1,700k $1,645 1,033 2 Mar 21, 2010 19

Tribeca $1,704k $1,649 1,033 2 Mar 21, 2010 19

Tribeca $1,800k $1,742 1,033 2 Mar 21, 2010 19

Luma $1,899k $2,100 904 2 Mar 21, 2010 47

Tribeca $2,118k $2,049 1,033 2 Mar 21, 2010 19

Tribeca $2,300k $1,631 1,410 3 Mar 21, 2010 19

Tribeca $2,340k $1,698 1,378 3 Mar 21, 2010 19



Zenith $2,945k $1,200 2,454 3 Mar 21, 2010 19

Tribeca $3,302k $1,743 1,894 4 Mar 21, 2010 19



Zenith CALL - 2,454 4 Mar 21, 2010 19

Tribeca $1,020k $1,788 570 1 Mar 20, 2010 35

Tribeca $1,030k $1,994 517 - Mar 20, 2010 135

Tribeca $1,750k $1,694 1,033 2 Mar 20, 2010 65

Tribeca $1,794k $1,700 1,055 2 Mar 20, 2010 20

Lee(HP:



36/42

Lee@

9222

2691


by Lee, HP: 9222 2691





36 of 42

Tribeca $1,900k $1,839 1,033 2 Mar 20, 2010 20

Tribeca $2,300k $1,682 1,367 3 Mar 20, 2010 20

Tribeca $3,000k $1,699 1,765 3 Mar 20, 2010 65



Tribeca $1,008k $1,951 517 1 Mar 19, 2010 21

Tribeca, 60, #21 ABV $1,100k $2,129 517 1 Mar 19, 2010 21

Tribeca $2,066k $1,999 1,033 2 Mar 19, 2010 21




Zenith $2,940k $1,198 2,454 3 Mar 19, 2010 21

Zenith $2,945k $1,200 2,454 3 Mar 19, 2010 48

Tribeca $3,005k $1,702 1,765 3 Mar 19, 2010 21

Tribeca $3,448k $1,810 1,905 4 Mar 19, 2010 21





Tribeca $990k $1,916 517 - Mar 18, 2010 22

Tribeca $1,000k $1,935 517 - Mar 18, 2010 49

Tribeca $1,000k $1,753 570 - Mar 18, 2010 49

Luma $1,350k $1,493 904 2 Mar 18, 2010 22

Zenith $1,921k $1,700 1,130 2 Mar 18, 2010 22


Tribeca $2,350k $1,706 1,378 3 Mar 18, 2010 49




Zenith $2,940k $1,198 2,454 3 Mar 18, 2010 22

Zenith $2,940k $1,177 2,497 3 Mar 18, 2010 22








Tribeca $940k $1,648 570 - Mar 17, 2010 23

Tribeca $1,200k $2,103 570 1 Mar 17, 2010 23

Zenith $1,430k $1,898 753 2 Mar 17, 2010 243

Tribeca $1,790k $1,732 1,033 2 Mar 17, 2010 23

Tribeca $1,808k $1,749 1,033 2 Mar 17, 2010 23

Tribeca $2,320k $1,697 1,367 3 Mar 17, 2010 23

Tribeca $2,340k $1,712 1,367 3 Mar 17, 2010 77

Lee(HP:



37/42

Lee@

9222

2691


by Lee, HP: 9222 2691





37 of 42

Tribeca $2,343k $1,700 1,378 3 Mar 17, 2010 23




Zenith $2,822k $1,150 2,454 3 Mar 17, 2010 23



Tribeca $3,100k $2,268 1,367 3 Mar 17, 2010 23

Tribeca $3,238k $1,700 1,905 4 Mar 17, 2010 23













Tribeca CALL - 1,765 3 Mar 17, 2010 23

Zenith CALL - 753 2 Mar 17, 2010 185

Tribeca $1,027k $1,800 570 1 Mar 16, 2010 24

Tribeca $1,032k $1,997 517 1 Mar 16, 2010 24Luma $1,944k $2,150 904 2 Mar 16, 2010 24

Zenith $2,034k $1,800 1,130 2 Mar 16, 2010 24

Tribeca $2,119k $1,550 1,367 3 Mar 16, 2010 78

Tribeca $2,324k $1,700 1,367 3 Mar 16, 2010 24

Tribeca $2,460k $1,800 1,367 3 Mar 16, 2010 24

Tribeca $2,461k $1,800 1,367 3 Mar 16, 2010 24

Tribeca $2,470k $1,752 1,410 3 Mar 16, 2010 24



Tribeca $2,646k $1,920 1,378 3 Mar 16, 2010 78


Zenith $2,940k $1,198 2,454 3 Mar 16, 2010 24

Tribeca $3,001k $1,700 1,765 3 Mar 16, 2010 24

Tribeca $3,036k $1,720 1,765 3 Mar 16, 2010 24

Tribeca $3,036k $1,720 1,765 3 Mar 16, 2010 24

Tribeca $3,036k $1,720 1,765 3 Mar 16, 2010 24

Tribeca $3,556k $1,866 1,905 4 Mar 16, 2010 24

Tribeca $3,600k $1,890 1,905 4 Mar 16, 2010 24




Lee(HP:



38/42

Lee@

9222

2691


by Lee, HP: 9222 2691





38 of 42





Tribeca $938k $1,815 517 1 Mar 15, 2010 25

Tribeca $976k $1,889 517 - Mar 15, 2010 52

Tribeca $1,028k $1,802 570 - Mar 15, 2010 52

Tribeca $1,700k $1,645 1,033 2 Mar 15, 2010 52

Tribeca $2,274k $1,650 1,378 3 Mar 15, 2010 79

Tribeca $2,600k $1,902 1,367 3 Mar 15, 2010 25

Tribeca $2,760k $2,003 1,378 3 Mar 15, 2010 52

Zenith $2,940k $1,198 2,454 3 Mar 15, 2010 25






Tribeca CALL - 570 - Mar 15, 2010 25

Tribeca $1,663k $1,609 1,033 2 Mar 14, 2010 26

Tribeca $2,255k $1,650 1,367 3 Mar 14, 2010 26


Tribeca $2,597k $1,900 1,367 3 Mar 14, 2010 26



Tribeca $983k $1,903 517 - Mar 13, 2010 28Tribeca $1,083k $1,898 570 - Mar 13, 2010 27

Tribeca $1,809k $1,751 1,033 2 Mar 13, 2010 28

Tribeca $1,860k $1,800 1,033 2 Mar 13, 2010 27

Tribeca $2,218k $1,623 1,367 3 Mar 13, 2010 45

Tribeca $2,343k $1,701 1,378 3 Mar 13, 2010 28



Zenith $2,940k $1,198 2,454 3 Mar 13, 2010 27

Zenith $2,940k $1,198 2,454 3 Mar 13, 2010 27

Zenith $2,940k $1,198 2,454 3 Mar 13, 2010 27

Tribeca $3,040k $1,722 1,765 3 Mar 13, 2010 28

Tribeca $3,105k $2,202 1,410 3 Mar 13, 2010 27

Tribeca $3,324k $2,432 1,367 3 Mar 13, 2010 28





Zenith CALL - 1,109 2 Mar 13, 2010 54

Tribeca $1,034k $2,001 517 - Mar 12, 2010 28

Tribeca $1,100k $2,129 517 1 Mar 12, 2010 28

Zenith $1,640k $1,451 1,130 2 Mar 12, 2010 48

Lee(HP:



39/42

Lee@

9222

2691


by Lee, HP: 9222 2691





39 of 42

Tribeca $1,810k $1,752 1,033 2 Mar 12, 2010 97

Luma $2,079k $2,300 904 2 Mar 12, 2010 28

Tribeca $2,119k $1,550 1,367 3 Mar 12, 2010 34

Tribeca $2,343k $1,700 1,378 3 Mar 12, 2010 91



Zenith $2,940k $1,198 2,454 3 Mar 12, 2010 28




Tribeca $3,700k $2,096 1,765 3 Mar 12, 2010 28






Zenith CALL - 592 1 Mar 12, 2010 28

Tribeca $1,089k $1,909 570 1 Mar 11, 2010 29

Zenith $1,313k $1,743 753 2 Mar 11, 2010 29

Luma $1,580k $2,127 743 1 Mar 11, 2010 69

Tribeca $1,750k $1,694 1,033 2 Mar 11, 2010 29

Tribeca $2,591k $1,880 1,378 3 Mar 11, 2010 29


Zenith $2,940k $1,198 2,454 3 Mar 11, 2010 29

The Trillium, 118, #10 ABOVE $3,078k $2,200 1,399 2 Mar 11, 2010 29The Trillium $3,146k $1,750 1,797 3 Mar 11, 2010 29



Tribeca $3,800k $1,995 1,905 4 Mar 11, 2010 36




The Trillium, #13 ABOVE $5,378k $2,250 2,389 5 Mar 11, 2010 29




Tribeca $2,250k $2,177 1,033 2 Mar 10, 2010 36

Tribeca $2,326k $1,650 1,410 3 Mar 10, 2010 30

Zenith $2,940k $1,198 2,454 3 Mar 10, 2010 30



Tribeca $998k $1,749 570 1 Mar 9, 2010 31

Tribeca $2,119k $1,550 1,367 3 Mar 9, 2010 31

Tribeca $2,300k $1,682 1,367 3 Mar 9, 2010 58

Zenith $2,940k $1,198 2,454 3 Mar 9, 2010 31

Zenith $2,940k $1,198 2,454 3 Mar 9, 2010 31

Lee(HP:



40/42

Lee@

9222

2691


by Lee, HP: 9222 2691





40 of 42

Tribeca $3,354k $1,900 1,765 3 Mar 9, 2010 120

Rental Listings in Centennia Suitesand other comparable projects

Rental Address Asking PSF Built

sqft

Bed-

rooms

Posted

Tribeca $3,800 $6.66 570 1 Apr 7, 2010

Tribeca $4,000 $7.01 570 - Apr 7, 2010

Tribeca $6,000 $5.81 1,033 2 Apr 7, 2010

Tribeca $7,000 $5.08 1,378 3 Apr 7, 2010

Tribeca $8,000 $5.81 1,378 3 Apr 7, 2010

Tribeca $10,000 $5.25 1,905 4 Apr 7, 2010

The Trillium $12,000 $5.26 2,282 4 Apr 7, 2010

Tribeca $8,500 $6.17 1,378 3 Apr 5, 2010

Tribeca $9,000 $5.10 1,765 3 Apr 5, 2010

Tribeca CALL - 1,378 3 Apr 5, 2010

Tribeca $4,000 $7.74 517 1 Apr 3, 2010

Tribeca $8,000 $5.81 1,378 3 Apr 3, 2010

Tribeca $3,500 $6.14 570 1 Apr 2, 2010

The Trillium CALL - 1,797 4 Apr 1, 2010

Tribeca CALL - 570 1 Mar 31, 2010

Tribeca $3,500 $6.14 570 1 Mar 30, 2010

Tribeca $3,800 $7.35 517 1 Mar 30, 2010

Tribeca $3,900 $6.84 570 1 Mar 30, 2010

Tribeca $8,000 $5.85 1,367 3 Mar 30, 2010

Tribeca $9,000 $5.10 1,765 3 Mar 30, 2010

Tribeca $3,900 $6.84 570 1 Mar 29, 2010

Tribeca $4,500 $7.89 570 1 Mar 29, 2010

Tribeca $8,000 $5.67 1,410 3 Mar 29, 2010

Tribeca $9,000 $5.10 1,765 3 Mar 29, 2010

Tribeca $3,500 $5.81 603 1 Mar 28, 2010

Tribeca $4,200 $7.36 570 1 Mar 28, 2010

Tribeca $6,500 $4.61 1,410 3 Mar 28, 2010

Tribeca $7,000 $5.08 1,378 3 Mar 27, 2010

Tribeca $7,000 $5.12 1,367 3 Mar 27, 2010

Tribeca $5,200 $9.12 570 1 Mar 24, 2010

Tribeca $7,500 $5.44 1,378 3 Mar 24, 2010

Tribeca $3,500 $6.14 570 1 Mar 23, 2010

Tribeca $5,000 $8.76 570 1 Mar 23, 2010

Tribeca $7,500 $5.44 1,378 3 Mar 23, 2010

Tribeca CALL - 1,399 3 Mar 23, 2010

Tribeca $4,000 $7.01 570 1 Mar 22, 2010

Tribeca $6,000 $5.81 1,033 2 Mar 22, 2010

Tribeca $6,800 $4.97 1,367 3 Mar 22, 2010

Tribeca $9,000 $5.10 1,765 3 Mar 22, 2010

Tribeca $3,800 $6.66 570 1 Mar 18, 2010

Lee(HP:



41/42

Lee@

9222

2691


by Lee, HP: 9222 2691





41 of 42

Tribeca $7,300 $5.34 1,367 3 Mar 17, 2010

Tribeca $9,500 $6.74 1,410 3 Mar 17, 2010

Tribeca $7,000 $5.08 1,378 3 Mar 16, 2010

Tribeca $4,500 $7.89 570 - Mar 13, 2010

Tribeca $8,000 $5.67 1,410 3 Mar 13, 2010

Tribeca $7,000 $3.97 1,765 3 Mar 12, 2010

Tribeca $10,000 $5.25 1,905 4 Mar 12, 2010

Tri

Documents

CENTENNIA SUITES