2016 - OrangeTee · 2017-09-22 · The largest purchase in 2016 was a single storey GCB in Queen...
Transcript of 2016 - OrangeTee · 2017-09-22 · The largest purchase in 2016 was a single storey GCB in Queen...
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2016
Private ResidentialSales
Lawrence Tan Delvin Lim Keith Goh Maria HendroAlan Leong
Lester Tan
Chipson Ma
Yap Boon Seng
Harry Yap
Josephine Ng
Jerry Leong
Lawrence Tan
Desmond Koh
Delvin Lim
Perry Siow
Kevin Seetoh
Victor Ng
Alan Leong
Roy Chang
Jeffrey Lee
Thomas Yin
Christina Wong
Eric Lee
Delvin Lim
Calvin Kwek
Victor Ng
Raymond Khoo
Susan Mariam
Julin Tan
Yanina Aliwarga
Mervyn Lee
Adeline Lo
Bimal Thomas Ferdin
Margaret Lim
Susan Mariam
Joyce Chang
Lester Tan &Associates
Jaine Lee
Jasmine Chan
Jasmine Chan
Harry Yap
Johnny Chia
Harry Yap
Andra Kwok
Delvin Lim
Edmund Lim
Miko Xiao
Kevin Teng
Gillian Wo
Sophia Bay
Ivan Tan
Anna Yap
Sara Faith Ong
Jo Goh
Julin Tan
Lyndy Sze
Jimmy Lim
Christina Wong
Shawn Yee
Shirley Chia
Geraldine Quek
Derek Chua
Roger Lau
Nancy Kurniawan
Delphine Tan
Tan Zhi Wei
Corinna Tan
Agnes Lim
Josephine Loh
Perumal Dasarathan
Glenice Toh
Les Lee
Julie Teng
Alan Ong
Jasmine Yeo
Jack Sheo
Ryan Yeo
Tricia Ng
Steve Wong
Paulina Lim
Irene Lim
Jay Sim
Rebecca Lee
Lynette Choy
Harry Yap
Chris Yeo
David Chua
James Yeow
Douglas Chew
Jaine Lee
Janet Fong
Johnson Ooi
Joey Ng
Jay Dawn Chandra
Lawrence Tan
Wendy Yap
Edwin Heng
Paul Teo
Thomas Ang
Dixon Poon
Nancy He
Alan Sim
Gavin Ng
Anna Khoo
Catherine Chua
Jasmine Lau
Kevin Seetoh
Timothy Chong
Betty Ow
Eleanor Chew
John Yeo
June Wong
Lynette Ong
Roland Ong
Johnny Chia
Lee Kang Kian
Michael Ciola
Kal Ong
Ivan Soong
Winnie Mah
Dominique Filocca
Cindy Lee
Hsieh Cheng-Lin
Leslie Lim
Kevin Chia
Muhammad IshakBin Ahmad
Ronnie Ong
Jason Chua
Kaylee Sng
Rachel Koh
Arynn Lim
Martin Liew
Melvin Lee
Alicia Ho
Di-di KaurMrs Di-Di Noakes
Jayrome Lai
Rosa Mee
Angeline Cheong
Francis Xavier Low
Eddie Khoo
Diana Tan
Debbie Hoon
Stella Kong
Brandon Chia
Jamie Yoeng
Ramasamy Parthiban
Edwin Kheng
Yap Boon Seng
Jacky Ngui
Helen Yau
Graace Goh
Paul Seow
Tony Tay
Victor Ng
Adeline Lo
Bernard Lim
Joyce Chang
Blanche Ong
Tanya Sampovaara
Aileen Yeo
Jessica Tan
Henry Chew
Lester Tan
Joan Tjoa
Derek Teng
Alex Goh
Ivan Sim
Jasline Loh
Dallas Hassan
Dan Ho
Linda Chua
Ronnie Ong
Pollack Kyoko
Raymond Khoo
Michelle Tan
Choo Seng Wee
Donald Ong
Florence Tham
Joni Gan
Adeline Ong
Eddy Ang
Philip Tan
Evelyn Chan
Susan Mariam
Ng Guek Fah
Mervyn Lee
Evone Yap
Calvin Kwek
Kelvin Toh
Zhang Jian
Sim Poh Heng
Ivy Lee
Stephanie Soh
Hansen Ng
Ong See Hoon
Lydia Lim
Rosie Tham
Judy Thian
Evelyn Yew
Patrick Ong
Betty Hari Chandra
Jasmine Tan
Sharon Chong
Jasmine Chan
R Ashcvin Mani
Goh Wee Hong
PonnusamiThirumurthi
Kiah Rahman
Gary Lim
Shirlayne Lim
Johnson Yan
Christine Chua
Rina Ang
John Wee
Amanda Teow
Ivan Chong
Benny Lim
Yanina Aliwarga
Heng Kok Liang
Adeline Choo
Dennis Goh
Sabrina Chai
Kris Poh
Nicole Teo
Connie Lew
Richard Ho
Bernard Chua
Lua Chong Teck
Joshua Wong
Daniel Goh
Teressa Tay
Betty Tan
Janice Sze
Kimmie Leong
Lloyd Lim
Dorothy Chua
Aaron Hong
Simon Huang
John Tan
Stephen Chong
Toh Cheng Soon
Dung Heng Kwan
Tye Beng Hong
Dennis Goh
MCI (P) 038/09/2014
• Agency • Residential Projects • Business Space • Corporate Residential Services • International Projects • Investments & Advisory• Japan Business Development • Valuation • Research & Consultancy • Training & Development • E-Services
keener sense of real estate
17Q1
OrangeTee Services
Many businesses focus on productivity, innovation and networking, but neglect the significance of
collaboration. As the world constantly evolves at a super-fast pace, it is becoming a struggle for businesses to rely on initiative, creativity and resources to keep up with customers’ expectations. In the face of technology savvy customers who are constantly influenced by digital media and advertisements, businesses are now required to be driven by efficient productivity, innovation and networking in order to have a taste of success and growth.
At our Business Conference this year, we created a platform for invited speakers and panellist from NuS, Google, DREA and Master Concept to share their knowledge and experiences; these special guests are also our trusted business partners in the areas of competency collaboration and service quality research. The sharing cultivated us to have a
tiMesforward-looking mindset as we plan for the future ahead.
In our latest lunch at Grandeur Park Residences, we witnessed this power of collaboration when RSD and AGD wholeheartedly supported each other as a team. Our performance presented OrangeTee as a force to be reckoned with in the primary market.
How about team level in the Agency Department?
As each team has its own strengths and weaknesses, I personally feel that it is highly possible for two or more teams to collaborate in multiple ways. It all comes down to team leaders’ willingness to congregate and collaborate in shared knowledge, expertise and even leads. With the help of digital technology such as Google Drive or Social Media, it has become a hassle-free option for teams to collaborate at various platforms to
The Power of CollaboraTionA Message from Our Managing Director
create fresh additional values to their agents. In fullness of time, when the collaboration yields result and all wishes to expand further, they can consolidate their resources and work with the external partners to create new growth engines for the common goals.
I quote the wise words of Henry Ford :
“Coming together is a beginning, staying together is progress, and working together is success.”
Let us collaborate and help each other towards success.
Cool and fanCy offiCe SPaCe for orangean!
Steven TanManaging Director
Simon YioDirector, Agency
When it comes to cool office space, tech start-up companies are leading in many respects.
With Orange Tee being the pioneer of innovation in the real estate industry, we believe in suitably pioneering and innovating our office space make the working environment more motivating and spur creativity. Yes! Your welfare is the priority in OrangeTee!
Our new office design will be light-spirited with a youthful and enthusiastic feel. It will feature a dry pantry area, a relaxing corner with comfortable sofa and working stations equipped with eubiq power outlet system. You will also be greeted by a cosy working space by the window, discussion tables with comfortable stools and much more!
Get ready for the “Cool and Fancy Office” experience.
The largest purchase in 2016 was a single storey GCB in Queen Astrid Park. The bungalow is located on a sprawling 35,011 sq ft site, and was bought for $44.5 million in July 2016. This translates to a per sq ft price of $1,271 over land area. The site is large enough to be subdivided into 2 smaller GCB plots. The buyer is believed to be a granddaughter of Mr Goh Cheng Liang, the founder of Nippon Paint group.
Overall GCB prices peaked in 2012, after gaining 76% from 2009. Since 2012, GCB prices have trended lower, buckling under the weight of cooling measures, loan curbs and anaemic economic growth. By the end of 2016, prices have fallen 14 % from 2012.
GCB price index and volumes
Source: URA, OrangeTee Research
The steep fall in GCB prices since 2012 may present a window of opportunity for prospective investors or own occupiers. GCB prices have experienced the steepest fall in prices as compared to other segments of the market. For example, overall landed and non-landed prices have fallen 13% and 8% respectively, from 2012 to 2016. The relatively steeper decline in GCB prices is largely due to their larger quantum; current GCB prices range around $19 million to $27 million, depending on their locational attributes, land size and state of the property.
GCB, overall landed and non-landed price indices
Source: URA, OrangeTee Research
Cooling measures and loan curbs have reduced buyers’ affordability and shrunk the potential demand pool for GCBs and big ticket properties. The greater fall in GCB prices was partly shaped by government policies, which encouraged demand to migrate towards the more affordable properties. As such, the potential upside could be significant, should cooling measures be unwound in the future.
Demand for luxury properties is expected to grow over the long term, driven by rising wealth in the Asia Pacific region. According to the World Wealth Report 2016 by Capgemini, the HNWI population in the Asia Pacific is expected to grow and is poised to be a major driver of global HNWI wealth over the next few years. Part of this wealth would find their home in Singapore, driving demand for Singaporean luxury properties. With its attractive tax rates, high standards of living and transparent housing regulations, Singapore will continue to appeal to the HNWI population.
Given the limited supply of GCBs, together with an expected increase in demand due to growing wealth in the Asia Pacific region, the long-term fundamentals of GCBs remain intact and the upside potential is likely to be significant when the market recovers. GCB prices have fallen significantly from their peaks, and price growth will remain suppressed due to cooling measures and the tepid economic outlook. However, GCB volumes have started to pick up, and can be interpreted as a sign of increased investors’ confidence in the property market.
Assuming economic conditions do not deteriorate sharply, property prices could possibly stabilise by the end of 2017. Buyers who are looking to pick up a GCB should keep a look out, as opportunities emerge during this uncertain landscape.
Q1 Q117 17tiMes tiMes
FeaTured PrOjeCTSMarkeT uPdaTeS
Singapore
The Crest, located at Prince Charles Crescent, is jointly developed by WingTai Land, Metro Australia Holdings Pte Ltd and Maxdin Pte Ltd. It has recently, in February, obtained its Temporary Occupation Permit.
Designed by Pritzker Prize Laureate Toyo Ito, The Crest aims to provide its residents with a bright and airy living environment with magnificent views. It is located in an estate reputed for its good class bungalows and low-density neighbourhood. Residents here simply enjoy more green and breeze, true luxuries highly treasured in urban Singapore.
SingaPore, reSidenTial
ServiCe exCellenCe – CloSing The PerformanCe gaP buSineSS ConferenCe 2017
melbourne freehold landed houSe PriCeS To double!
A 25-storey office development, with two levels of F&B space and medical suites, Vision Exchange is strategically located at the heart of Jurong Gateway - envisioned as Singapore’s second Central Business District. The development provides businesses with immense potential as well as flexibility in setting up innovative office designs as they seek to build a strong presence in this fast-growing area.
viSion exChange – T.o.P. obTained!
By Wong Xian Yang, Research & Consultancy Department
the Good Class Bungalow (GCB) market has seen rising activities of late, with the number of transactions steadily
improving since 2014. Captains of industry in various fields ranging from retail to food were active in the GCB market in the past year. For example, Andy Chua, the owner of Yun Nam Hair Care purchased another GCB along Brizay Park off Old Holland Road for $33 million – next to a property he already owns. Other renowned names which snapped up GCBs in 2016 include Chen Tianqiao, the co-founder of Shanda Group, Zhang Yong, founder of the popular Hai Di Lao steamboat chain, the Wong family behind handbag and shoe maker Charles & Keith, and David Teo, chairman of Super Group.
GCBs are the crème de la crème of the Singapore residential market, with only about 2,800 GCBs on the island in 39 gazetted GCB areas. GCBs are safeguarded by strict planning requirements to preserve their exclusivity and low rise character. To be classified as a GCB, the property must have a land area of at least 15,000 sq ft and must be located in a GCB area. Currently, only Singapore citizens are allowed to buy landed homes in GCB areas, after a policy change in 2012. Due to their scarcity factor and the potential for capital appreciation, GCBs are highly sought after by the Singaporean wealthy.
There were 37 GCB transactions in 2016, an improvement of the 33 deals done in 2015. This, however, is still far below the 2010’s volume of 132 transactions. The majority of GCB transactions in 2016 were from district 10, which includes GCB areas such as Chatsworth Park, Ridout Park, Ridley Park etc. The Chatsworth Park and Ridout Park areas are particularly popular among GCB buyers as evidenced by the higher relative volumes as compared to the other areas over the past few years.
GCB volumes by area from 2010 to 2016
Source: URA, OrangeTee Research
volumeS STrengThen aS value emergeS in good ClaSS bungalow markeT
Limited strata units, from 517 sq ft, are available for sale. The top floors of Vision Exchange are available for lease, with the minimum subdivision available from 2,400 sq ft, to a full floor plate of 25,000 sq ft per level.
For sales enquiries, please call 8388 5577.For lease eqnuiries, please call 8228 7887.
If you have invested in a landed house in Melbourne in 2006, your property value would have doubled at today prices.
Elpis land & house, our latest Melbourne project, is located only 20km / 5-train station from CBD and within one of the fastest growth region in West Melbourne. With population projected
Our heartiest congratulations to all our Service Excellence graduates for completing the 1st batch of Service Excellence Workshop! Your success today will contribute towards elevating OrangeTee Service benchmark and work beyond business excellence.
Ever since we embarked on Property Agents Bank in early 2016, the subject of Service Excellence has been drawing increasing attention. Service Excellence, being more customer-focused and providing quality service, is quickly becoming the significant standard
The Conference, as a key event, was a spirited affair attended by more than 300 comprising Management, staff, associates and preferred partners.
Held at HDB Auditorium, OrangeTee’s Managing Director Steven Tan shared the importance of service excellence and revealed technological initiatives in the pipeline looking forward to a positive outlook.
Many other speakers were also invited to share their insights throughout the sessions and the
to increase & with proximity to master planned East Werribee Employment Precinct, Elpis is poised to further increase in value in the next few years.
Details: http://www.orangetee.com/Home/index.php/properties/318-elpis-simonds-melbourne-australia
The Crest consists of 469 units where the choices of bedroom types are aplenty with a mixture of typical 1 to 5 bedroom units as well as the lofty apartments.
Lofts at The Crest are thoughtfully designed with 6.3m high ceilings giving them a truly grandiose feel. These lavish spaces provide endless possibilities for creative designs and decorating opportunities.
Come view The Crest today, call your preferred OrangeTee agent.
for the successful real estate salespersons. It helps salespersons win clients in the extremely competitive environment in today’s challenging market as well as facilitates cost–saving.
It’s your turn to find out the benefits of this prestigious workshop to your business. This exclusive workshop is contextualized based on actual real estate case studies. Learn how to improve the conversion performance of leads in a sales funnel and to improve customer loyalty through the “Service Points”. Most importantly to continue to stay relevant in this constantly evolving market.
Wait no further, join us for the earliest course date now to avoid disappointment.
panel discussion. These speakers include Dylan(Google), Lai(MasterConcept), YeutWhey(DREA.sg) and Professor Ong(NuS).
The event also recognized the efforts of our Top Achievers, Long Serving Associates, Staff, Winners in Top categories and Leaders. Congratulations to all award recipients !
By Melvin ng, Marcomm Department
By Jasmine Chan, oTop
By Bianca Chang, Training Department
Q117tiMes
TOP aChieverS 2016 Q4
TOP reCruiTiNG GrOuP 2016 Q4
aChieverS nighT
golf ChamPionShiP 2017
TOP LeaderS 2016 Q4 STar PerformerS 2016 Q4 The Star Performer is awarded to associates who had at least 10 transactions; accompanied by 6 reviews with a total average of 4.65 star ratings! Congratulations!
uPCOMiNG eveNT
Lester Tan SaeD-Top
albert ChouSaeD-2nd runner-up
Lawrence TanSaeD-1st runner-up
Christina WongSagD-Top
jerry LeongagD-Top
harry YapaDD-Top
desmond kohaeD-1st runner-up
Chipson MaaeD-Top
Thomas YinaDD-2nd runner-up
Perry SiowaDD-1st runner-up
roy ChangaeD-2nd runner-up
victor NgagD-1st runner-up
Lyndy SzeSaaD-Top
eric LeeagD-2nd runner-up
kelvin SeetohSagD-2nd runner-up
edwin khengSagD-1st runner-up
delvin LimSaaD-1st runner-up
jimmy NeoSaaD-2nd runner-up
Ong See hoon1
Ng Guek Fah2
hansen Ng3
Gabriel aw
r ashcvin ManiGerald Chan
Linda Chua
joan Tjoaroland Ong
Margaret LimTop Manager
Lisa SeowTop rookie
28
2420
16
128
julin Tan4
ivan ChongNancy kurniawan
Catherine Chua
victor Ngdelvin Lim
johnny Chia
2925
21
1713
9
Timothy Chong5
josephine Loh
jack Sheo
alicia hoSusan Mariam
jasmine ChanTop Lister
eric LeeTop recruiter
angeline Cheong
kaylee Sng19
15
117
27
23
kevin Chia
Lyndy Szeadeline Lo
jasmine Chan
Shandy Tong Gillian Wo
10
delphine Tan6
3026
22
1814
Lester Tan Champion
adeline Ong Soot Cheng
eric Tay kian Boon
Leslie Lim khoon Seng
josephine Loh Yen Lee
kai Ong Seok Ngor
Sharlene Tan Shiao Woi
Francis Lee hung Chuan
Michelle Lee Tan
ivy Chan Chwee Ngin
john Yeo Mong Lee
aaron hong Ghim Seng
daniel ho Choong ken
Shirlayne Lim Cheang hua
Terence Ong hock Tiong
Luo Chong Teck
Nicole Teo hwee Nak
andra kwok Mei Yin
victor Ng Guat koon
judy Yap ai Ling
raziah Bte Abdul Wahab
Eileen Wong ah Geok
angeline Cheong Wei Ling
josephine Ng Sok huang
Goh Wee Hong
Tan kian Seng Stephen Chong Chung Yong
May Chong Ying
Geraldine Quek Meow hiang
debbie hoon Yen Leng
Yee hock Boon