Compass Heights Report. Powered by StreetSine. Latest Avg PSF: $893 psf (Jan

() (HP: 9388 5825) 09 Apr 2014. This report is for exclusive use by. Property Summary Sheet Unit Pricing Latest Sold Unit : COMPASS HEIGHTS, 11 Sengkang Square #05-38 (1292sqft ) Unit Transacted : $ 1,210,000 ($ 937 psf) on Jan 29, 2014 Median Price* based on recent transactions : $ 1,210,604 ($ 937 psf, 1292sqft) *Based on a median PSF of $937 psf for similar transactions sold in Compass Heights within the last 12 months. Project Transactions Latest Avg PSF: $893 psf (Jan 14) Recent Transacted Address Size Price PSF Contract Built Tenure Type 11 Sengkang Square #05-38 1,291 $1,210k $937 Jan 29, 2014 2002 99 Yrs From 30/04/2000 Resale 9 Sengkang Square #08-11 1,237 $1,050k $848 Jan 3, 2014 2002 99 Yrs From 30/04/2000 Resale 9 Sengkang Square #14-03 2,335 $1,855k $794 Dec 29, 2013 2002 99 Yrs From 30/04/2000 Resale Compare Nearby Projects Project Latest Average PSF Rental Compass Heights $893 (Jan 14) $3.30 psf Seletar Springs Condominium $829 (Oct 13) $2.32 psf Rivervale Crest $820 (Mar 14) $2.90 psf Park Green $816 (Feb 14) - The Rivervale $753 (Mar 14) - Hougang Green $749 (Mar 14) $2.58 psf Prepared for on Apr 9, 2014 1 of 38

() (HP: 9388 5825) 09 Apr 2014. This report is for exclusive use by. Getting the Most Out of the Home Report This home report provides data on Compass Heights (Apartment). Transaction data was last updated on 09 Apr 14 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 Compass Heights 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 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 Apartment projects that are similar, or comparable, to Compass Heights. Then, compare recent sale prices. 3. Identify the prices that similar, or comparable, units within Compass Heights 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. Prepared for on Apr 9, 2014 2 of 38

() (HP: 9388 5825) 09 Apr 2014. This report is for exclusive use by. Address : COMPASS HEIGHTS, 11 Sengkang Square #05-38 S(545076) Size : 1,292 sqft * * Based on the size indicated in the latest caveat lodged for this unit as reflected in URA. Project Information Category : Apartment Location : District 19 (North-East Region) TOP * : 2002 Purchase Tenure : 99 years from 30/04/2000 City Distance : 10.66 km Developer : Nasidon Investments Pte Ltd (Centrepoint) Plot Ratio : 4.2 Total Units : 536 Unit Sizes Studio (668 to 754 sqft) * Temporary Occupation Permit Barbecue Area Car Park Facilities 2 bedrooms (1,034 to 1,281 sqft) 3 bedrooms (1,249 to 1,776 sqft) 4 bedrooms (1,550 to 2,304 sqft) Penthouse (2,174 to 2,820 sqft) Club House Skirting Gymnasium Play Ground Swimming Pool Tennis Court Wadpool AirConditioning Flooring For Bedroom For illustration purpose only. Fixtures Yes Timber Flooring And Timber Flooring For LivingDining Marble With Skirting Kitchen Wardrobe Note: Project information is subjected to changes by the property developer, project management committee or the authorities. Yes Yes Prepared for on Apr 9, 2014 3 of 38

() (HP: 9388 5825) 09 Apr 2014. This report is for exclusive use by. The maps below shows the cadastral map and important amenities within 2 km of the property. MRT Groceries Schools Bus Stops Lifestyle Category Important Amenities within 2 km Distance Trains (MRT / Sengkang (NE16) 0.10 km LRT) Cheng Lim (SW1) 0.55 km Compassvale (SE1) 0.56 km Renjong (SW8) 0.82 km Ranggung (SE5) 0.95 km Farmway (SW2) 0.97 km Prepared for on Apr 9, 2014 4 of 38

() (HP: 9388 5825) 09 Apr 2014. This report is for exclusive use by. Kangkar (SE4) 1.06 km Buangkok (NE15) 1.09 km Rumbia (SE2) 1.11 km Tongkang (SW7) 1.20 km Bakau (SE3) 1.21 km Cove (PE1) 1.35 km Soo Teck (PW7) U/C 1.46 km Meridian (PE2) Punggol (NE17) 1.52 km 1.68 km Kupang (SW3) 1.81 km Layar (SW6) 1.81 km Coral Edge (PE3) 1.83 km Sumang (PW6) U/C 1.85 km Bus Stops Sengkang Stn (Bus: 156, 159, 161, 372, NR6) 0.04 km Sengkang Int (Bus: 156, 159, 163, 163M, 965, 80, 83, 86, 87, 119, 372) 0.05 km Groceries & Supermarts Schools (Primary, Integrated, International) Sengkang Stn (Bus: 156, 159, 161) Opp Blk 241 (Bus: 27, 89, 89e, 119, 163, 163M, 965) Blk 240 (Bus: 156, 159, 965, 372, 27, 89, 89e) Cold Storage Compass Point Ntuc Fairprice Giant(compassvale Bow) Giant(hougang Green Shopping Mall) Sheng Siong Hypermarket(punggol Central) Ntuc Fairprice ( Punggol Plaza ) Compassvale Primary School Seng Kang Primary School Nan Chiau Primary School Springdale Primary School Rivervale Primary School North Spring Primary School Anchor Green Primary School North Vista Primary School Palm View Primary School Punggol Green Primary School Mee Toh School Edgefield Primary School 0.13 km 0.21 km 0.21 km 0.13 km 0.90 km 1.13 km 1.69 km 1.71 km 1.89 km 0.30 km 0.49 km 0.60 km 0.78 km 0.96 km 1.00 km 1.01 km 1.02 km 1.07 km 1.09 km 1.40 km 1.53 km Prepared for on Apr 9, 2014 5 of 38

() (HP: 9388 5825) 09 Apr 2014. This report is for exclusive use by. Punggol Primary School 1.55 km Punggol View Primary School 1.80 km Greendale Primary School 1.88 km Lifestyle Sengkang Riverside Park 1.25 km Punggol Park 1.71 km Prepared for on Apr 9, 2014 6 of 38

1. Pricing to Buy or Sell () (HP: 9388 5825) 09 Apr 2014. This report is for exclusive use by. 1.1 What are Apartment prices doing in Singapore? Compass Heights is a Apartment in the North-East Region of Singapore. The graph below shows the relevant price movements between 1990Q1 (1 Jan 1990) and 2014Q1 (31 Mar 2014). 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. North-East Apartment refers to the price index of all the Apartments located in the North-East Region. All Apartments refers to the price index for all the Apartments 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 2014Q1, property prices have changed by -1.3% from the previous quarter. Quarter Quarter-on-Quarter Percentage Change North-East Apartment All Apartment All Private Residential 2014Q1 - - -1.3% 2013Q4-3.2% -1.5% -0.9% 2013Q3-3.1% -0.3% 0.4% 2013Q2 6.5% 1.6% 1.0% Prepared for on Apr 9, 2014 7 of 38

() (HP: 9388 5825) 09 Apr 2014. This report is for exclusive use by. 1.2 What are Apartment prices doing in District 19? This graph shows the latest recorded monthly average PSF (Price per Square Foot) for all Apartment in District 19 where Compass Heights 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 14 $1,105 22 Feb 14 $1,184 24 Jan 14 $1,224 20 Dec 13 $1,279 32 Nov 13 $1,246 40 Oct 13 $1,286 59 Sep 13 $1,354 103 Aug 13 $1,322 37 Jul 13 $1,319 50 Jun 13 $1,273 62 May 13 $1,403 176 Apr 13 $1,307 55 Mar 13 $1,220 25 Feb 13 $1,237 26 Jan 13 $1,150 82 Dec 12 $1,130 59 Nov 12 $1,189 107 Apartments in District 19 went down by 13.2% in Mar 14. It is calculated by comparing the average PSF for the latest month (Mar 14) against the average PSF in the last 15 months. The 15-month period is illustrated in the table above. Prepared for on Apr 9, 2014 8 of 38

() (HP: 9388 5825) 09 Apr 2014. This report is for exclusive use by. 1.3 What are Apartment prices doing in Compass Heights? Latest Avg PSF: $893 psf (Jan 14) 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 Jan 14 $893 2 Dec 13 $889 2 Nov 13 $882 1 Oct 13 $908 2 Sep 13-0 Aug 13 $798 1 Jul 13 $1,043 1 Jun 13 $976 1 May 13-0 Apr 13-0 Mar 13 $1,017 2 Feb 13-0 Jan 13 $902 5 Dec 12-0 Nov 12 $933 2 Oct 12 $971 4 Apartments in Compass Heights went down by 3% in Jan 14. It is calculated by comparing the average PSF for the latest month (Jan 14) against the average PSF in the last 15 months. The 15- month period is illustrated in the table above. Prepared for on Apr 9, 2014 9 of 38

() (HP: 9388 5825) 09 Apr 2014. This report is for exclusive use by. In the next table, we list the 30 latest unit transaction details from Compass Heights. Rows highlighted in yellow refer to the highest and lowest prices in the table. Address Size Price PSF Contract Built Tenure Type 11 Sengkang Square #05-38 1,291 $1,210k $937 Jan 29, 2014 2002 99 Yrs From 30/04/2000 Resale 9 Sengkang Square #08-11 1,237 $1,050k $848 Jan 3, 2014 2002 99 Yrs From 30/04/2000 Resale 9 Sengkang Square #14-03 2,335 $1,855k $794 Dec 29, 2013 2002 99 Yrs From 30/04/2000 Resale 11 Sengkang Square #05-27 1,291 $1,270k $983 Dec 2, 2013 2002 99 Yrs From 30/04/2000 Resale 11 Sengkang Square #07-30 1,054 $930k $882 Nov 6, 2013 2002 99 Yrs From 30/04/2000 Resale 9 Sengkang Square #03-07 1,862 $1,500k $806 Oct 24, 2013 2002 99 Yrs From 30/04/2000 Resale 11 Sengkang Square #13-33 1,108 $1,119k $1,009 Oct 1, 2013 2002 99 Yrs From 30/04/2000 Resale 11 Sengkang Square #14-28 2,820 $2,250k $798 Aug 7, 2013 2002 99 Yrs From 30/04/2000 Resale 9 Sengkang Square #12-15 1,054 $1,100k $1,043 Jul 5, 2013 2002 99 Yrs From 30/04/2000 Resale 11 Sengkang Square #13-23 1,054 $1,030k $976 Jun 24, 2013 2002 99 Yrs From 30/04/2000 Resale 9 Sengkang Square #03-XX SRX 1,173 $1,100k $937 Apr 22, 2013 2002 99 years from 30/04/2000 11 Sengkang Square #13-42 1,033 $990k $958 Mar 27, 2013 2002 99 Yrs From 30/04/2000 Resale 9 Sengkang Square #03-21 753 $810k $1,075 Mar 19, 2013 2002 99 Yrs From 30/04/2000 Resale 11 Sengkang Square #04-27 1,291 $1,283k $993 Jan 30, 2013 2002 99 Yrs From 30/04/2000 Resale 9 Sengkang Square #11-02 667 $745k $1,116 Jan 24, 2013 2002 99 Yrs From 30/04/2000 Resale 11 Sengkang Square #05-XX SRX 1,065 $1,113k $1,044 Jan 11, 2013 2002 99 years from 30/04/2000 9 Sengkang Square #14-17 2,820 $2,250k $798 Jan 8, 2013 2002 99 Yrs From 30/04/2000 Resale 11 Sengkang Square #04-36 1,323 $1,180k $891 Jan 8, 2013 2002 99 Yrs From 30/04/2000 Resale 9 Sengkang Square #14-01 2,389 $1,700k $711 Jan 8, 2013 2002 99 Yrs From 30/04/2000 Resale 11 Sengkang Square #10-42 1,033 $992k $960 Nov 27, 2012 2002 99 Yrs From 30/04/2000 Resale 11 Sengkang Square #10-34 1,237 $1,120k $905 Nov 12, 2012 2002 99 Yrs From 30/04/2000 Resale 9 Sengkang Square #13-15 1,054 $970k $920 Oct 25, 2012 2002 99 Yrs From 30/04/2000 Resale 9 Sengkang Square #11-22 1,054 $960k $910 Oct 22, 2012 2002 99 Yrs From 30/04/2000 Resale 9 Sengkang Square #13-21 667 $730k $1,094 Oct 10, 2012 2002 99 Yrs From 30/04/2000 Resale 9 Sengkang Square #10-05 1,248 $1,200k $961 Oct 4, 2012 2002 99 Yrs From 30/04/2000 Resale 11 Sengkang Square #11-40 1,248 $1,150k $921 Sep 28, 2012 2002 99 Yrs From 30/04/2000 Resale 11 Sengkang Square #04-43 688 $728k $1,056 Sep 13, 2012 2002 99 Yrs From 30/04/2000 Resale 11 Sengkang Square #05-42 1,033 $868k $840 Aug 31, 2012 2002 99 Yrs From 30/04/2000 Resale 9 Sengkang Square #04-11 1,237 $1,048k $847 Aug 15, 2012 2002 99 Yrs From 30/04/2000 Resale 11 Sengkang Square #03-28 2,142 $1,420k $663 Aug 7, 2012 2002 99 Yrs From 30/04/2000 Resale 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. - - Prepared for on Apr 9, 2014 10 of 38

() (HP: 9388 5825) 09 Apr 2014. This report is for exclusive use by. 1.4 Which projects are similar to Compass Heights? Comparable projects are Apartments that are similar in location, housing type, and age. In establishing a price for a unit in Compass Heights, it is useful to compare Compass Heights with other Apartment 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 Compass Heights. 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 Compass Heights. In the next question, we will compare the PSF between the projects. Project Tenure Built City Distance A Compass Heights 99 years from 30/04/2000 2002 10.66 km B Rivervale Crest (0.91 km away) 99 Years from 06/12/1997 2002 10.98 km C Hougang Green (1.59 km away) D The Rivervale (1.3 km away) E Park Green (1.31 km away) F Seletar Springs Condominium (1.98 km away) 99 years from 01/12/1994 1998 9.13 km 99 Years from 18/12/1997 2000 9.63 km 99 years from 17/08/2001 2004 9.71 km 99 Years from 12/08/1997 2000 9.71 km Prepared for on Apr 9, 2014 11 of 38

() (HP: 9388 5825) 09 Apr 2014. This report is for exclusive use by. 1.5 How are the prices in Compass Heights 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 Compass Heights was $893 in Jan 14. As way of comparison, the range of average PSF for the other projects was $749-$829 PSF. Project Latest Average PSF Compass Heights $893 (Jan 14) Rivervale Crest $820 (Mar 14) Hougang Green $749 (Mar 14) The Rivervale $753 (Mar 14) Park Green $816 (Feb 14) Seletar Springs Condominium $829 (Oct 13) Prepared for on Apr 9, 2014 12 of 38

() (HP: 9388 5825) 09 Apr 2014. This report is for exclusive use by. 1.6 What did similar units in Compass Heights recently sell for? Comparable units are other units that are similar in size (up to ±20%) and floor level (up to ±5 floors) to COMPASS HEIGHTS, 11 Sengkang Square #05-38. 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 11 Sengkang Square #05-38 (99 Yrs From 30/04/2000) 1,291 $1,210k $937 Jan 29, 2014 9 Sengkang Square #08-11 (99 Yrs From 30/04/2000) 1,237 $1,050k $848 Jan 3, 2014 11 Sengkang Square #05-27 (99 Yrs From 30/04/2000) 1,291 $1,270k $983 Dec 2, 2013 11 Sengkang Square #07-30 (99 Yrs From 30/04/2000) 1,054 $930k $882 Nov 6, 2013 9 Sengkang Square #03-XX (-) SRX 1,173 $1,100k $937 Apr 22, 2013 The range of prices for which comparable units sold was $930k-$1,270k. The PSF range of comparable units sold was $848-$983. The median PSF for comparable units sold was $937 psf. Based on this amount, a median price based on recent transactions for COMPASS HEIGHTS, 11 Sengkang Square #05-38 is $ 1,210,604 ($ 937 psf, 1292sqft). What would a typical mortgage for the Median Price based on recent transactions be? Based on a Median Price of $1,210,604, a 30-year loan at 2% interest and 20% downpayment, the monthly mortgage is $3,580. Prepared for on Apr 9, 2014 13 of 38

() (HP: 9388 5825) 09 Apr 2014. This report is for exclusive use by. 1.7 What is the premium for Stack #XX-38 in Block 11, Compass Heights? Certain stacks have a premium over others, due to factors such as view and location. In order to establish an understanding of the premium based on the stack, the average psf for each individual stack is used. The graph below shows the premium based on the average psf of each stack in Block 11 with respect to the reference stack. The transactions selected for this analysis were not restricted by size, not restricted by floor level and not restricted by the contract date. The table below shows the average PSF data shown in the chart. The reference stack is highlighted in yellow. Stack Avg Psf No of Transactions % difference with respect to the reference stack #XX-02 $428 1-22.88% #XX-23 $572 17 3.06% #XX-24 $658 25 18.56% #XX-25 $517 20-6.85% #XX-26 $562 19 1.26% #XX-27 $578 23 4.14% #XX-28 $542 18-2.34% #XX-29 $482 20-13.15% #XX-30 $495 19-10.81% #XX-31 $495 18-10.81% #XX-32 $566 21 1.98% #XX-33 $571 26 2.88% #XX-34 $530 21-4.50% #XX-35 $577 22 3.96% #XX-36 $506 16-8.83% #XX-37 $585 22 5.41% Prepared for on Apr 9, 2014 14 of 38

() (HP: 9388 5825) 09 Apr 2014. This report is for exclusive use by. Stack Avg Psf No of Transactions % difference with respect to the reference stack #XX-38 $555 30 0.00% #XX-39 $525 20-5.41% #XX-40 $564 18 1.62% #XX-41 $488 13-12.07% #XX-42 $591 21 6.49% #XX-43 $659 24 18.74% #XX-44 $557 23 0.36% Prepared for on Apr 9, 2014 15 of 38

() (HP: 9388 5825) 09 Apr 2014. This report is for exclusive use by. In the table below, we list up to 5 recent units transacted in each stack. The reference stack is highlighted in yellow. Stack #03-02 (1012 sqft) #XX-02 #XX-23 #XX-24 #XX-25 #XX-26 #XX-27 #XX-28 #XX-29 #XX-30 #XX-31 #XX-32 #XX-33 #XX-34 $428 psf Apr 10, 2001 #13-23 (1055 sqft) $976 psf Jun 24, 2013 #11-24 (667 sqft) $1,094 psf Jul 20, 2011 #04-25 (1249 sqft) $777 psf May 19, 2011 #13-26 (1335 sqft) $903 psf Aug 8, 2011 #05-27 (1292 sqft) $983 psf Dec 2, 2013 #14-28 (2820 sqft) $798 psf Aug 7, 2013 #04-29 (1292 sqft) $747 psf May 10, 2011 #07-30 (1055 sqft) $882 psf Nov 6, 2013 #11-31 (1324 sqft) #11-23 (1055 sqft) $844 psf Mar 1, 2012 #14-24 (667 sqft) $1,019 psf Nov 15, 2010 #10-25 (1249 sqft) $661 psf Nov 25, 2009 #11-26 (1335 sqft) $795 psf May 9, 2011 $993 psf Jan 30, 2013 #09-23 (1055 sqft) $777 psf Oct 8, 2010 #03-24 (753 sqft) $902 psf Jul 12, 2010 #13-25 (1249 sqft) $594 psf Jul 30, 2009 $742 psf Sep 2, 2010 $891 psf Feb 10, 2012 #08-32 (1324 sqft) $906 psf Jun 11, 2012 #13-33 (1109 sqft) $1,009 psf Oct 1, 2013 #10-34 (1238 sqft) $905 psf Nov 12, 2012 #12-23 (1055 sqft) $739 psf Apr 5, 2010 #05-24 (667 sqft) $869 psf Apr 12, 2010 #08-23 (1055 sqft) $455 psf Dec 20, 2004 #10-24 (667 sqft) $892 psf Apr 7, 2010 #06-25 (1249 sqft) #07-25 (1249 sqft) $585 psf $545 psf Jul 10, 2009 Sep 15, 2008 #12-26 (1335 sqft) #03-26 (1410 sqft) #03-26 (1410 sqft) $619 psf May 27, 2011 $624 psf $532 psf May 31, 2010 Jan 21, 2010 #04-27 (1292 sqft) #14-27 (2519 sqft) #03-27 (1755 sqft) #04-27 (1292 sqft) #03-28 (2142 sqft) $663 psf Aug 7, 2012 #14-29 (2336 sqft) $657 psf Mar 7, 2011 #13-30 (1055 sqft) $886 psf Jul 18, 2011 #12-31 (1324 sqft) $699 psf May 7, 2010 #13-32 (1324 sqft) $718 psf May 13, 2010 #08-33 (1109 sqft) $848 psf Jul 11, 2012 #13-34 (1238 sqft) $856 psf Nov 21, 2011 #09-28 (1550 sqft) $590 psf Aug 11, 2008 #12-29 (1292 sqft) $709 psf Aug 16, 2010 #03-30 (1722 sqft) $431 psf Sep 17, 2009 #11-31 (1324 sqft) $603 psf Mar 6, 2008 #03-32 (1012 sqft) $642 psf Apr 9, 2010 #04-33 (1109 sqft) $821 psf May 28, 2012 #11-34 (1238 sqft) $776 psf Jun 9, 2011 $684 psf $662 psf Sep 20, 2010 #10-28 (1550 sqft) $581 psf Jul 24, 2008 #12-29 (1292 sqft) $554 psf Jun 16, 2009 #14-30 (1959 sqft) $480 psf Feb 27, 2008 #10-31 (1324 sqft) $597 psf Jan 31, 2008 #12-32 (1324 sqft) $627 psf Sep 22, 2009 #03-33 (1507 sqft) $730 psf Apr 15, 2011 #05-34 (1238 sqft) $638 psf May 26, 2010 Jan 28, 2010 #08-28 (1550 sqft) $556 psf Mar 25, 2008 #08-29 (1292 sqft) $542 psf Feb 12, 2009 #14-30 (1959 sqft) $430 psf Sep 21, 2007 #11-31 (1324 sqft) $537 psf Jul 25, 2007 #09-32 (1324 sqft) $627 psf Sep 11, 2009 #12-33 (1109 sqft) $799 psf Apr 5, 2011 #10-34 (1238 sqft) $690 psf May 3, 2010 #XX-35 #04-35 (1324 sqft) $971 psf Oct 14, 2011 #05-35 (1324 sqft) $876 psf Jun 24, 2011 #10-35 (1324 sqft) $891 psf Jun 20, 2011 #14-35 (2497 sqft) $673 psf Apr 25, 2011 #04-35 (1324 sqft) $718 psf Jun 18, 2010 Prepared for on Apr 9, 2014 16 of 38

Stack () (HP: 9388 5825) 09 Apr 2014. This report is for exclusive use by. #XX-36 #XX-37 #XX-38 #XX-39 #XX-40 #XX-41 #XX-42 #XX-43 #XX-44 #04-36 (1324 sqft) $891 psf Jan 8, 2013 #11-37 (1066 sqft) $891 psf Aug 3, 2011 #05-38 (1292 sqft) $937 psf Jan 29, 2014 #04-39 (1550 sqft) $787 psf Oct 17, 2011 #11-40 (1249 sqft) $921 psf Sep 28, 2012 #11-41 (1335 sqft) $566 psf Aug 13, 2007 #13-42 (1033 sqft) $958 psf Mar 27, 2013 #04-43 (689 sqft) $1,056 psf Sep 13, 2012 #14-44 (2486 sqft) $591 psf May 8, 2012 #03-36 (1625 sqft) $473 psf Jun 22, 2009 #10-37 (1066 sqft) $891 psf Jul 22, 2011 #13-38 (1292 sqft) $902 psf May 18, 2012 #12-39 (1550 sqft) $761 psf Feb 15, 2011 #06-40 (1249 sqft) $865 psf Mar 1, 2012 #14-41 (2465 sqft) $411 psf Apr 19, 2001 #10-42 (1033 sqft) $960 psf Nov 27, 2012 #08-43 (689 sqft) $1,060 psf Mar 31, 2011 #09-44 (1055 sqft) $863 psf Apr 23, 2012 #11-36 (1324 sqft) $582 psf Jun 19, 2009 #09-37 (1066 sqft) $871 psf May 13, 2011 #07-38 (1292 sqft) $840 psf Jul 21, 2011 #06-39 (1550 sqft) $710 psf Jul 22, 2010 #04-40 (1249 sqft) $765 psf Dec 16, 2010 #04-41 (1335 sqft) $486 psf Apr 6, 2001 #05-42 (1033 sqft) $840 psf Aug 31, 2012 #03-43 (764 sqft) $883 psf Feb 11, 2011 #06-44 (1055 sqft) $749 psf May 26, 2010 #04-36 (1324 sqft) $403 psf Dec 29, 2006 #04-37 (1066 sqft) $834 psf May 13, 2011 #10-38 (1292 sqft) $813 psf Jul 15, 2011 #11-39 (1550 sqft) $600 psf Sep 28, 2009 #08-40 (1249 sqft) $693 psf Feb 17, 2010 #13-41 (1335 sqft) $507 psf Apr 3, 2001 #08-42 (1033 sqft) $823 psf Dec 13, 2010 #10-43 (689 sqft) $793 psf Dec 15, 2009 #07-44 (1055 sqft) $716 psf May 26, 2010 #06-36 (1324 sqft) $446 psf Sep 21, 2004 #03-37 (1173 sqft) $615 psf Feb 5, 2010 #09-38 (1292 sqft) $735 psf Jul 9, 2010 #07-39 (1550 sqft) $516 psf Mar 27, 2009 #05-40 (1249 sqft) $543 psf Dec 5, 2007 #11-41 (1335 sqft) $502 psf Mar 30, 2001 #10-42 (1033 sqft) $792 psf Sep 28, 2010 #14-43 (689 sqft) $798 psf Oct 22, 2009 #11-44 (1055 sqft) $756 psf Apr 20, 2010 Prepared for on Apr 9, 2014 17 of 38

() (HP: 9388 5825) 09 Apr 2014. This report is for exclusive use by. 1.8 What did similar 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 ±5 floors) to COMPASS HEIGHTS, 11 Sengkang Square #05-38. The table below shows up to the top 10 closest comparable units that were sold within the last 12 months. The most recent transactions are shown at the top of the table. Project Address Area Price PSF Contract RIVERVALE CREST THE RIVERVALE THE RIVERVALE RIVERVALE CREST RIVERVALE CREST RIVERVALE CREST THE RIVERVALE THE RIVERVALE THE RIVERVALE SELETAR SPRINGS CONDOMINIUM 5 Rivervale Crescent #08-10 (99 Yrs From 06/12/1997) 1 Rivervale Link #09-13 (99 Yrs From 18/12/1997) 1 Rivervale Link #08-01 (99 Yrs From 18/12/1997) 7 Rivervale Crescent #10-14 (99 Yrs From 06/12/1997) 9 Rivervale Crescent #10-22 (99 Yrs From 06/12/1997) 5 Rivervale Crescent #05-05 (99 Yrs From 06/12/1997) 7 Rivervale Link #04-45 (99 Yrs From 18/12/1997) 7 Rivervale Link #03-38 (99 Yrs From 18/12/1997) 7 Rivervale Link #05-36 (99 Yrs From 18/12/1997) 102 Gerald Drive #03-77 (99 Yrs From 12/08/1997) 1,205 $910k $755 Mar 18, 2014 1,302 $940k $722 Mar 14, 2014 1,313 $1,030k $784 Mar 11, 2014 1,205 $925k $767 Feb 28, 2014 1,216 $930k $765 Feb 27, 2014 1,194 $915k $766 Feb 19, 2014 1,313 $970k $739 Jan 24, 2014 1,259 $928k $737 Jan 13, 2014 1,313 $988k $752 Oct 17, 2013 1,302 $1,080k $829 Oct 16, 2013 The range of prices for which comparable units in similar projects sold was $910k-$1,080k. The PSF range of comparable units in other similar projects was $722-$829. Prepared for on Apr 9, 2014 18 of 38

() (HP: 9388 5825) 09 Apr 2014. This report is for exclusive use by. 1.9 What are sellers asking for in Compass Heights? As of Apr 9, 2014, there are 49 active listings found for sale that are posted within the last 1 month in Compass Heights that are complete with pricing and size information. Total Listings in Compass Heights : 49 PSF Range : $670 - $1,228 Asking Price Range : $750,000 - $1,920,000 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 Compass Heights 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) $670 $930 $1,109 19 31-60 (2 mths) $971 $982 $1,034 3 61-90 (3 mths) $691 $984 $1,043 6 91-120 (4 mths) $784 $890 $1,228 12 121-150 (5 mths) $890 $913 $937 2 >151 (>6 mths) $670 $1,045 $1,109 7 Total Listings 49 For listings with days on market less than 2 months, the median asking PSF is $967 psf. Based on this amount, a median price based on listings for COMPASS HEIGHTS, 11 Sengkang Square #05-38 is $ 1,249,364 ($ 967 psf, 1292sqft) 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 $1,249,364, a 30-year loan at 2% interest and 20% downpayment, the monthly mortgage is $3,694. Prepared for on Apr 9, 2014 19 of 38

() (HP: 9388 5825) 09 Apr 2014. This report is for exclusive use by. 1.10 (SUMMARY) How do the price ranges discussed earlier for COMPASS HEIGHTS, 11 Sengkang Square #05-38 compare with each other? In the previous questions, we drilled down from an overall property market trend to unit pricing information for COMPASS HEIGHTS, 11 Sengkang Square #05-38. We observed the price range of units that are comparable in size and floor levels to our unit. Each chart, below, combines all the data points into one visual. Ranges 1 & 2 are the HIGH/LOW transactions of similar units within the last 12 months in Compass Heights and other similar projects respectively. Ranges 3 & 4 are the HIGH/LOW listing prices for Compass Heights 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. Prepared for on Apr 9, 2014 20 of 38

2. Renting () (HP: 9388 5825) 09 Apr 2014. This report is for exclusive use by. 2.1 What are rental prices for Apartments doing? Compass Heights is a Apartment in Outside Central Region of Singapore. The graph below shows the rental price movements of Apartments up to 2014Q1 (31 Mar 2014). 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. Outside Central Apartment refers to the rental index of all the Apartments located in the Outside Central Region. All Apartments refers to the rental index for all the Apartments in Singapore. 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 2013Q4, rentals have changed by -0.8% from the previous quarter. Quarter Quarterly Percentage Change Outside Central Apartment All Apartment All Private Residential 2013Q4-0.8% -0.4% -0.5% 2013Q3-0.8% 0.2% 0.2% 2013Q2 0.0% 0.2% 0.3% 2013Q1 0.8% 0.7% 0.8% Prepared for on Apr 9, 2014 21 of 38

() (HP: 9388 5825) 09 Apr 2014. This report is for exclusive use by. 2.2 How do rental prices in Compass Heights compare to those found in other similar projects? The table below shows the latest and most relevant rental approximations based on official information for Apartments in Compass Heights and other similar projects. Rental PSF is derived from official sources. Size projections are based on the selected unit. 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 Compass Heights 1 sqft $3.16 $3.30 $3.52 Seletar Springs Condominium * 1,291 sqft $4,081 $4,262 $4,547 1 sqft $2.32 $2.32 $2.32 1,291 sqft $3,000 $3,000 $3,000 Rivervale Crest 1 sqft $2.73 $2.90 $3.12 1,291 sqft $3,527 $3,746 $4,030 Hougang Green * 1 sqft $2.58 $2.58 $2.58 Footnotes: 1,291 sqft $3,334 $3,334 $3,334 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 Apartments along 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. Prepared for on Apr 9, 2014 22 of 38

() (HP: 9388 5825) 09 Apr 2014. This report is for exclusive use by. 2.3 What are units rented for in Compass Heights? In the table below, we list the latest unit rental transaction details from Compass Heights. Data is analyzed directly from the property agency. Rows highlighted in yellow refer to the highest and lowest prices in the table. Project Address Size Price PSF Contract COMPASS HEIGHTS 11 Sengkang Square Level 4 to 6 SRX 1,054 $3,100 $2.94 Mar 17, 2014 COMPASS HEIGHTS 9 Sengkang Square Level 10 to 12 SRX 1,237 $3,200 $2.59 Mar 5, 2014 COMPASS HEIGHTS 9 Sengkang Square Level 1 to 3 SRX 1,463 $3,100 $2.12 Feb 27, 2014 COMPASS HEIGHTS 11 Sengkang Square #10-XX HTNS 688 $2,600 $3.77 Feb 24, 2014 COMPASS HEIGHTS 11 Sengkang Square Level 4 to 6 SRX 667 $2,500 $3.75 Feb 18, 2014 COMPASS HEIGHTS 9 Sengkang Square Level 7 to 9 SRX 1,065 $3,300 $3.10 Jan 28, 2014 COMPASS HEIGHTS 11 Sengkang Square Level 10 to 12 SRX 667 $2,300 $3.45 Jan 27, 2014 COMPASS HEIGHTS 9 Sengkang Square #14-XX HTNS 667 $2,900 $4.35 Jan 19, 2014 COMPASS HEIGHTS 9 Sengkang Square Level 7 to 9 SRX 1,248 $3,500 $2.80 Jan 19, 2014 COMPASS HEIGHTS 9 Sengkang Square Level 1 to 3 SRX 753 $2,500 $3.32 Jan 6, 2014 COMPASS HEIGHTS 9 Sengkang Square Level 7 to 9 SRX 1,108 $3,300 $2.98 Jan 3, 2014 COMPASS HEIGHTS 9 Sengkang Square Level 10 to 12 SRX 1,323 $3,900 $2.95 Dec 31, 2013 COMPASS HEIGHTS 11 Sengkang Square Level 4 to 6 SRX 1,291 $3,800 $2.94 Dec 19, 2013 COMPASS HEIGHTS 9 Sengkang Square Level 4 to 6 SRX 1,550 $4,300 $2.77 Dec 12, 2013 COMPASS HEIGHTS 11 Sengkang Square Level 7 to 9 SRX 688 $2,550 $3.70 Dec 1, 2013 COMPASS HEIGHTS 11 Sengkang Square Level 4 to 6 SRX 1,323 $3,700 $2.79 Nov 24, 2013 COMPASS HEIGHTS 9 Sengkang Square Level 4 to 6 SRX 1,065 $3,400 $3.19 Nov 7, 2013 COMPASS HEIGHTS 9 Sengkang Square Level 7 to 9 SRX 1,108 $3,200 $2.89 Nov 1, 2013 COMPASS HEIGHTS 11 Sengkang Square Level 4 to 6 SRX 1,033 $3,100 $3.00 Oct 30, 2013 COMPASS HEIGHTS 11 Sengkang Square Level 1 to 3 SRX 1,657 $3,400 $2.05 Oct 24, 2013 Prepared for on Apr 9, 2014 23 of 38

() (HP: 9388 5825) 09 Apr 2014. This report is for exclusive use by. 2.4 What are official units rented for in Compass Heights? In the table below, we list the latest 30 official unit rental transactions from Compass Heights (Source: URA). Rows highlighted in yellow refer to the highest and lowest prices in the table. Project Address Size (sqft) Price Contract COMPASS HEIGHTS SENGKANG SQUARE 900 to 1000 $3,400 Feb-2014 COMPASS HEIGHTS SENGKANG SQUARE 1000 to 1100 $3,250 Feb-2014 COMPASS HEIGHTS SENGKANG SQUARE 900 to 1000 $3,300 Feb-2014 COMPASS HEIGHTS SENGKANG SQUARE 600 to 700 $2,500 Feb-2014 COMPASS HEIGHTS SENGKANG SQUARE 1100 to 1200 $3,700 Jan-2014 COMPASS HEIGHTS SENGKANG SQUARE 1100 to 1200 $3,500 Jan-2014 COMPASS HEIGHTS SENGKANG SQUARE 1000 to 1100 $3,300 Jan-2014 COMPASS HEIGHTS SENGKANG SQUARE 600 to 700 $2,500 Jan-2014 COMPASS HEIGHTS SENGKANG SQUARE 1000 to 1100 $3,050 Jan-2014 COMPASS HEIGHTS SENGKANG SQUARE 1400 to 1500 $4,300 Jan-2014 COMPASS HEIGHTS SENGKANG SQUARE 1200 to 1300 $3,900 Jan-2014 COMPASS HEIGHTS SENGKANG SQUARE 600 to 700 $2,900 Jan-2014 COMPASS HEIGHTS SENGKANG SQUARE 600 to 700 $2,500 Jan-2014 COMPASS HEIGHTS SENGKANG SQUARE 900 to 1000 $3,400 Dec-2013 COMPASS HEIGHTS SENGKANG SQUARE 600 to 700 $2,550 Dec-2013 COMPASS HEIGHTS SENGKANG SQUARE 600 to 700 $3,150 Dec-2013 COMPASS HEIGHTS SENGKANG SQUARE 600 to 700 $2,900 Dec-2013 COMPASS HEIGHTS SENGKANG SQUARE 900 to 1000 $3,100 Dec-2013 COMPASS HEIGHTS SENGKANG SQUARE 900 to 1000 $3,300 Dec-2013 COMPASS HEIGHTS SENGKANG SQUARE 1000 to 1100 $3,400 Nov-2013 COMPASS HEIGHTS SENGKANG SQUARE 900 to 1000 $3,200 Nov-2013 COMPASS HEIGHTS SENGKANG SQUARE 900 to 1000 $3,100 Nov-2013 COMPASS HEIGHTS SENGKANG SQUARE 1200 to 1300 $3,900 Nov-2013 COMPASS HEIGHTS SENGKANG SQUARE 1100 to 1200 $3,550 Nov-2013 COMPASS HEIGHTS SENGKANG SQUARE 1100 to 1200 $3,900 Oct-2013 COMPASS HEIGHTS SENGKANG SQUARE 1000 to 1100 $3,400 Oct-2013 COMPASS HEIGHTS SENGKANG SQUARE 1100 to 1200 $4,180 Oct-2013 COMPASS HEIGHTS SENGKANG SQUARE 1000 to 1100 $3,200 Oct-2013 COMPASS HEIGHTS SENGKANG SQUARE 1100 to 1200 $3,850 Oct-2013 COMPASS HEIGHTS SENGKANG SQUARE 600 to 700 $2,500 Oct-2013 Prepared for on Apr 9, 2014 24 of 38

() (HP: 9388 5825) 09 Apr 2014. This report is for exclusive use by. 2.5 What are similar units rented for in comparable projects? Comparable units are other rented units that are similar in size (up to ±20%) and floor level (up to ±5 floors) to COMPASS HEIGHTS, 11 Sengkang Square #05-38. In establishing a rent for this unit, it is useful to observe the range of prices for which other comparable units were rented for. In the table below, we list the latest similar unit rental transaction details in comparable projects. Data is analyzed directly from the property agency. Rows highlighted in yellow refer to the highest and lowest prices in the table. Project Address Size Price PSF Contract THE RIVERVALE 1 Rivervale Link Level 7 to 9 SRX 1,367 $3,200 $2.34 Mar 11, 2014 RIVERVALE CREST 7 Rivervale Crescent Level 4 to 6 SRX 1,388 $3,200 $2.30 Mar 3, 2014 SELETAR SPRINGS CONDOMINIUM SELETAR SPRINGS CONDOMINIUM 110 Gerald Drive Level 1 to 3 SRX 1,302 $3,500 $2.69 Mar 1, 2014 106 Gerald Drive Level 1 to 3 SRX 1,270 $2,800 $2.20 Mar 1, 2014 THE RIVERVALE 7 Rivervale Link #03-XX HTNS 1,259 $3,100 $2.46 Jan 22, 2014 THE RIVERVALE 3 Rivervale Link Level 10 to 12 SRX 1,313 $3,200 $2.44 Jan 15, 2014 SELETAR SPRINGS CONDOMINIUM 104 Gerald Drive Level 1 to 3 SRX 1,334 $2,900 $2.17 Jan 15, 2014 THE RIVERVALE 7 Rivervale Link #05-XX HTNS 1,248 $3,200 $2.56 Jan 6, 2014 THE RIVERVALE 1 Rivervale Link Level 4 to 6 SRX 1,291 $3,400 $2.63 Dec 16, 2013 THE RIVERVALE 1 Rivervale Link Level 4 to 6 SRX 1,313 $3,250 $2.47 Dec 3, 2013 Prepared for on Apr 9, 2014 25 of 38

() (HP: 9388 5825) 09 Apr 2014. This report is for exclusive use by. 2.6 What are landlords asking for in Compass Heights and other nearby projects? As of Apr 9, 2014, there are 51 active rental listings found in Compass Heights and other nearby projects that are for subletting of the entire unit. The table shows the minimum, median and maximum asking rent PSF in these listings. Min. PSF Median PSF Max. PSF # Listings Compass Heights $1.97 $3.18 $5.01 51 Rivervale Crest $1.98 $2.75 $3.10 36 Hougang Green $2.45 $2.63 $3.40 15 The Rivervale $0.88 $2.48 $3.01 15 Park Green $2.34 $2.62 $3.10 8 Seletar Springs Condominium $1.92 $2.85 $3.35 10 Total Listings 135 The table shows the minimum, median and maximum asking rents in these listings. Min. Rent Median Rent Max. Rent # Listings Compass Heights $2,650 $3,500 $4,900 51 Rivervale Crest $2,300 $3,400 $4,500 36 Hougang Green $2,600 $3,000 $3,100 15 The Rivervale $1,100 $3,200 $3,700 15 Park Green $3,100 $3,330 $3,600 8 Seletar Springs Condominium $2,700 $3,250 $4,000 10 Refer to Annex for details on all active rental listings. Total Listings 135 Prepared for on Apr 9, 2014 26 of 38

() (HP: 9388 5825) 09 Apr 2014. This report is for exclusive use by. 2.7 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 : COMPASS HEIGHTS, 11 Sengkang Square #05-38 Purchase price : $ 1,210,000 Purchase date : Jan 29, 2014 Assumptions Interest rate : 2% Down payment : 20% Term of loan Monthly mortgage payments : 30 years : $3,578 per month Annex All listings are active as at Apr 9, 2014. They are last posted within 1 month from various sources. Highlighted in yellow are the highest and lowest asking prices / psf. SRX Circles Sale Listings in Compass Heights Sale Address Asking PSF Built sqft Posted Compass Heights $1,300k $982 1,324 3 Feb 24, 2014 44 Compass Heights $1,280k $991 1,292 3 Jan 21, 2014 78 Sale Listings in Compass Heights Sale Address Asking PSF Built sqft Bedrooms Bedrooms Posted COMPASS HEIGHTS, 11 $999k $780 1,281 2 Apr 6, 2014 89 Compass Heights $1,150k $921 1,249 2 Apr 6, 2014 23 Compass Heights $1,357k $1,050 1,292 3 Apr 6, 2014 250 Compass Heights $1,550k $670 2,314 3 Apr 6, 2014 266 Compass Heights $1,600k $1,032 1,550 4 Apr 6, 2014 7 Compass Heights $1,920k $818 2,347 4 Apr 6, 2014 8 Compass Heights $820k $1,228 668 1 Apr 5, 2014 100 Days on Market Days on Market Compass Heights $999k $784 1,275 2 Apr 5, 2014 92 Compass Heights $1,150k $890 1,292 3 Apr 5, 2014 115 Compass Heights $1,300k $1,006 1,292 3 Apr 5, 2014 113 Prepared for on Apr 9, 2014 27 of 38

() (HP: 9388 5825) 09 Apr 2014. This report is for exclusive use by. Sale Address Asking PSF Built sqft Bedrooms Posted Days on Market Compass Heights $1,350k $1,020 1,324 3 Apr 5, 2014 22 Compass Heights $1,535k $990 1,550 4 Apr 5, 2014 90 Compass Heights $1,150k $890 1,292 3 Apr 4, 2014 123 Compass Heights $1,150k $890 1,292 3 Apr 4, 2014 27 Compass Heights $1,150k $890 1,292 3 Apr 4, 2014 107 Compass Heights $1,150k $890 1,292 3 Apr 4, 2014 115 Compass Heights $1,200k $937 1,281 2 Apr 4, 2014 124 Compass Heights $1,200k $978 1,227 2 Apr 4, 2014 78 Compass Heights $1,250k $1,002 1,248 3 Apr 4, 2014 174 Compass Heights $1,480k $1,109 1,335 3 Apr 4, 2014 11 Compass Heights $1,480k $1,109 1,335 3 Apr 4, 2014 203 Compass Heights $1,480k $1,109 1,335 3 Apr 4, 2014 93 Compass Heights $1,550k $670 2,314 3 Apr 4, 2014 5 Compass Heights $1,150k $930 1,236 3 Apr 3, 2014 14 Compass Heights $1,150k $890 1,292 3 Apr 3, 2014 115 Compass Heights $1,250k $967 1,292 3 Apr 3, 2014 109 Compass Heights $1,255k $971 1,292 3 Apr 3, 2014 39 Compass Heights $1,000k $781 1,281 2 Apr 2, 2014 159 Compass Heights $1,150k $890 1,292 3 Apr 2, 2014 30 Compass Heights $1,250k $967 1,292 3 Apr 2, 2014 110 Compass Heights $1,450k $1,086 1,335 3 Apr 2, 2014 23 Compass Heights $1,430k $1,080 1,324 3 Mar 31, 2014 184 Compass Heights $1,600k $691 2,314 3 Mar 31, 2014 68 Compass Heights $1,900k $810 2,347 4 Mar 31, 2014 9 Compass Heights $1,550k $670 2,314 3 Mar 30, 2014 10 Compass Heights $1,350k $1,045 1,292 3 Mar 28, 2014 185 Compass Heights $1,280k $1,034 1,238 2 Mar 27, 2014 35 Compass Heights $1,150k $890 1,292 3 Mar 26, 2014 115 Compass Heights $1,150k $889 1,293 3 Mar 24, 2014 28 Compass Heights $1,100k $1,043 1,055 2 Mar 22, 2014 76 Compass Heights $750k $1,089 689 1 Mar 21, 2014 19 Compass Heights $1,150k $890 1,292 3 Mar 17, 2014 115 Compass Heights $1,050k $997 1,053 2 Mar 16, 2014 24 Compass Heights $1,100k $1,044 1,054 2 Mar 16, 2014 24 COMPASS HEIGHTS, 11 $1,200k $929 1,292 3 Mar 14, 2014 26 COMPASS HEIGHTS, 11 $1,250k $967 1,292 3 Mar 14, 2014 26 COMPASS HEIGHTS, 11 $1,250k $967 1,292 3 Mar 14, 2014 26 Prepared for on Apr 9, 2014 28 of 38

() (HP: 9388 5825) 09 Apr 2014. This report is for exclusive use by. SRX Circles Sale Listings in other comparable projects THE RIVERVALE $1,050k $800 1,313 3 Jan 28, 2014 74 HOUGANG GREEN $880k $779 1,130 3 Jan 21, 2014 141 PARK GREEN $1,160k $855 1,356 3 Jan 5, 2014 250 Sale Listings in other comparable projects Sale Address Asking PSF Built sqft Bedrooms Posted Days on Market RIVERVALE CREST $990k $828 1,195 3 Mar 28, 2014 12 THE RIVERVALE $1,000k $801 1,249 3 Mar 21, 2014 19 PARK GREEN $1,193k $880 1,356 3 Mar 19, 2014 21 Seletar Springs Condominium $1,050k $806 1,302 3 Feb 23, 2014 45 RIVERVALE CREST $1,250k $801 1,561 3 Feb 3, 2014 212 Sale Address Asking PSF Built sqft Bedrooms Posted Days on Market Hougang Green $750k $982 764 2 Apr 6, 2014 107 Seletar Springs Condo $838k $855 980 2 Apr 6, 2014 236 Hougang Green $858k $752 1,141 3 Apr 6, 2014 9 Hougang Green $859k $746 1,151 3 Apr 6, 2014 182 Hougang Green $880k $771 1,141 3 Apr 6, 2014 50 HOUGANG GREEN, 5 $880k $771 1,141 3 Apr 6, 2014 60 Hougang Green $880k $771 1,141 3 Apr 6, 2014 50 RIVERVALE CREST, 5 $950k $795 1,195 3 Apr 6, 2014 270 Rivervale Crest $950k $795 1,195 3 Apr 6, 2014 3 Park Green $950k $817 1,163 3 Apr 6, 2014 21 Park Green $950k $817 1,163 3 Apr 6, 2014 3 The Rivervale $985k $750 1,313 3 Apr 6, 2014 113 The Rivervale $1,000k $762 1,313 3 Apr 6, 2014 65 The Rivervale $1,000k $768 1,302 3 Apr 6, 2014 25 The Rivervale $1,000k $768 1,302 3 Apr 6, 2014 113 Park Green $1,028k $868 1,184 3 Apr 6, 2014 220 The Rivervale $1,059k $813 1,302 3 Apr 6, 2014 89 Rivervale Crest $1,060k $879 1,206 3 Apr 6, 2014 385 Seletar Springs Condo $1,070k $822 1,302 3 Apr 6, 2014 47 The Rivervale $1,073k $824 1,302 3 Apr 6, 2014 43 Seletar Springs Condo $1,080k $850 1,270 2 Apr 6, 2014 16 Seletar Springs Condo $1,080k $829 1,302 3 Apr 6, 2014 16 Seletar Springs Condo $1,089k $836 1,302 3 Apr 6, 2014 39 Seletar Springs Condo $1,098k $843 1,302 3 Apr 6, 2014 3 The Rivervale $1,099k $851 1,291 3 Apr 6, 2014 20 The Rivervale $1,100k $838 1,313 3 Apr 6, 2014 49 The Rivervale $1,100k $851 1,292 3 Apr 6, 2014 104 Seletar Springs Condo $1,128k $845 1,335 3 Apr 6, 2014 84 Prepared for on Apr 9, 2014 29 of 38

() (HP: 9388 5825) 09 Apr 2014. This report is for exclusive use by. Sale Address Asking PSF Built sqft Bedrooms Posted Days on Market Rivervale Crest $1,150k $913 1,259 2 Apr 6, 2014 29 Rivervale Crest $1,150k $913 1,259 2 Apr 6, 2014 293 The Rivervale $1,150k $876 1,313 3 Apr 6, 2014 148 Rivervale Crest $1,200k $844 1,421 3 Apr 6, 2014 128 Seletar Springs Condo $1,200k $900 1,333 3 Apr 6, 2014 188 Park Green $1,207k $890 1,356 3 Apr 6, 2014 175 Seletar Springs Condo $1,240k $806 1,539 3 Apr 6, 2014 98 Park Green $1,250k $922 1,356 3 Apr 6, 2014 43 Rivervale Crest $1,270k $814 1,561 2 Apr 6, 2014 8 Park Green $1,280k $856 1,496 4 Apr 6, 2014 110 Park Green $1,280k $856 1,496 4 Apr 6, 2014 162 Park Green $1,320k $870 1,517 4 Apr 6, 2014 92 Seletar Springs Condo $1,630k $785 2,077 4 Apr 6, 2014 199 Hougang Green $878k $770 1,141 3 Apr 5, 2014 7 Seletar Springs Condo $880k $870 1,012 1 Apr 5, 2014 45 Hougang Green $887k $777 1,141 3 Apr 5, 2014 95 Hougang Green $888k $786 1,130 3 Apr 5, 2014 6 Hougang Green $888k $778 1,141 3 Apr 5, 2014 182 Hougang Green $899k $788 1,141 3 Apr 5, 2014 23 Hougang Green $899k $796 1,130 3 Apr 5, 2014 4 Hougang Green $899k $796 1,130 3 Apr 5, 2014 275 Rivervale Crest $940k $779 1,206 3 Apr 5, 2014 12 Rivervale Crest $950k $788 1,206 3 Apr 5, 2014 142 Park Green $950k $817 1,163 3 Apr 5, 2014 4 Park Green $950k $817 1,163 3 Apr 5, 2014 12 Seletar Springs Condo $950k $748 1,270 2 Apr 5, 2014 236 The Rivervale $1,000k $732 1,367 3 Apr 5, 2014 204 The Rivervale $1,050k $800 1,313 3 Apr 5, 2014 60 Seletar Springs Condo $1,050k $642 1,636 3 Apr 5, 2014 130 Park Green $1,059k $911 1,163 3 Apr 5, 2014 13 Rivervale Crest $1,060k $879 1,206 3 Apr 5, 2014 387 Rivervale Crest $1,060k $879 1,206 3 Apr 5, 2014 386 Park Green $1,080k $929 1,162 3 Apr 5, 2014 16 The Rivervale $1,080k $850 1,270 3 Apr 5, 2014 64 The Rivervale $1,080k $829 1,302 3 Apr 5, 2014 29 The Rivervale $1,100k $838 1,313 3 Apr 5, 2014 58 The Rivervale $1,139k $867 1,313 3 Apr 5, 2014 6 Seletar Springs Condo $1,170k $876 1,335 3 Apr 5, 2014 37 Seletar Springs Condo $1,188k $889 1,336 3 Apr 5, 2014 256 Seletar Springs Condo $1,200k $899 1,335 3 Apr 5, 2014 344 Park Green $1,280k $856 1,496 4 Apr 5, 2014 35 Seletar Springs Condo $1,680k $813 2,067 4 Apr 5, 2014 34 Prepared for on Apr 9, 2014 30 of 38

() (HP: 9388 5825) 09 Apr 2014. This report is for exclusive use by. Sale Address Asking PSF Built sqft Bedrooms Posted Days on Market Hougang Green $888k $778 1,141 3 Apr 4, 2014 6 Hougang Green $890k $781 1,140 3 Apr 4, 2014 18 Hougang Green $899k $788 1,141 3 Apr 4, 2014 32 Rivervale Crest $940k $779 1,206 3 Apr 4, 2014 145 Rivervale Crest $945k $784 1,206 3 Apr 4, 2014 81 Hougang Green $945k $828 1,141 3 Apr 4, 2014 7 Park Green $950k $817 1,163 3 Apr 4, 2014 7 Rivervale Crest $955k $792 1,206 3 Apr 4, 2014 91 Seletar Springs Condo $960k $756 1,270 2 Apr 4, 2014 218 Rivervale Crest $1,000k $829 1,206 3 Apr 4, 2014 19 Hougang Green $1,000k $876 1,141 2 Apr 4, 2014 142 Seletar Springs Condo $1,100k $845 1,302 3 Apr 4, 2014 184 Seletar Springs Condo $1,100k $672 1,636 3 Apr 4, 2014 49 Park Green $1,220k $892 1,367 3 Apr 4, 2014 19 Park Green $1,280k $856 1,496 4 Apr 4, 2014 130 Hougang Green $765k $1,001 764 2 Apr 3, 2014 61 Hougang Green $890k $788 1,130 3 Apr 3, 2014 13 Seletar Springs Condo $950k $939 1,012 2 Apr 3, 2014 147 Rivervale Crest $980k $820 1,195 3 Apr 3, 2014 334 The Rivervale $1,050k $806 1,302 3 Apr 3, 2014 277 Seletar Springs Condo $1,050k $642 1,636 3 Apr 3, 2014 129 Rivervale Crest $1,060k $879 1,206 3 Apr 3, 2014 50 The Rivervale $1,060k $814 1,302 3 Apr 3, 2014 80 Seletar Springs Condo $1,060k $814 1,302 3 Apr 3, 2014 174 The Rivervale $1,080k $823 1,313 3 Apr 3, 2014 6 The Rivervale $1,100k $845 1,302 3 Apr 3, 2014 14 Seletar Springs Condo $1,180k $884 1,335 3 Apr 3, 2014 299 Park Green $1,190k $885 1,345 3 Apr 3, 2014 278 Park Green $1,190k $871 1,367 3 Apr 3, 2014 155 Seletar Springs Condo $1,200k $899 1,335 3 Apr 3, 2014 41 Park Green $1,260k $922 1,367 3 Apr 3, 2014 146 Rivervale Crest $1,300k $833 1,561 3 Apr 3, 2014 184 Hougang Green $890k $780 1,141 3 Apr 2, 2014 78 Rivervale Crest $1,060k $879 1,206 3 Apr 2, 2014 366 Park Green $1,142k $842 1,356 3 Apr 2, 2014 33 Rivervale Crest $1,250k $801 1,561 3 Apr 2, 2014 74 Seletar Springs Condo $1,320k $989 1,335 3 Apr 2, 2014 8 Seletar Springs Condo $855k $872 980 2 Apr 1, 2014 37 Seletar Springs Condo $1,150k $861 1,335 3 Apr 1, 2014 34 Seletar Springs Condo $1,250k $764 1,636 3 Apr 1, 2014 118 Rivervale Crest $1,500k $960 1,563 3 Apr 1, 2014 169 Hougang Green $887k $777 1,141 3 Mar 31, 2014 20 Prepared for on Apr 9, 2014 31 of 38

() (HP: 9388 5825) 09 Apr 2014. This report is for exclusive use by. Sale Address Asking PSF Built sqft Bedrooms Posted Days on Market Hougang Green $889k $779 1,141 3 Mar 31, 2014 13 Seletar Springs Condo $1,050k $642 1,636 3 Mar 31, 2014 126 Seletar Springs Condo $1,080k $829 1,302 3 Mar 31, 2014 25 Seletar Springs Condo $1,080k $829 1,302 3 Mar 31, 2014 56 Seletar Springs Condo $1,100k $672 1,636 3 Mar 31, 2014 42 Seletar Springs Condo $1,100k $824 1,335 3 Mar 31, 2014 15 Seletar Springs Condo $1,370k $875 1,565 4 Mar 31, 2014 46 RIVERVALE CREST $1,050k $871 1,205 3 Mar 30, 2014 159 The Rivervale $1,080k $823 1,313 3 Mar 30, 2014 13 RIVERVALE CREST, 9 $830k $887 936 2 Mar 29, 2014 29 HOUGANG GREEN, 5 $890k $780 1,141 3 Mar 29, 2014 11 RIVERVALE CREST CALL - 1,195 3 Mar 29, 2014 18 Seletar Springs Condo CALL - 1,123 4 Mar 29, 2014 11 RIVERVALE CREST, 5 $964k $799 1,206 3 Mar 28, 2014 173 The Rivervale $985k $758 1,300 3 Mar 28, 2014 134 THE RIVERVALE, 7 $1,060k $814 1,302 3 Mar 28, 2014 26 Park Green $1,210k $885 1,367 3 Mar 28, 2014 190 Park Green $950k $817 1,163 3 Mar 27, 2014 13 RIVERVALE CREST, 9 $1,150k $913 1,259 2 Mar 27, 2014 13 Park Green $1,160k $855 1,356 3 Mar 27, 2014 256 Rivervale Crest $1,250k $801 1,561 3 Mar 27, 2014 41 The Rivervale $1,000k $768 1,302 3 Mar 26, 2014 35 Park Green $1,100k $929 1,184 3 Mar 26, 2014 13 Park Green $1,220k $900 1,356 3 Mar 26, 2014 89 Seletar Springs Condo $1,688k $804 2,100 4 Mar 26, 2014 37 RIVERVALE CREST, 5 CALL - 1,141 3 Mar 26, 2014 14 THE RIVERVALE CALL - 1,302 - Mar 26, 2014 19 The Rivervale $990k $754 1,313 3 Mar 24, 2014 16 Rivervale Crest $1,000k $829 1,206 3 Mar 24, 2014 16 The Rivervale $1,000k $762 1,313 3 Mar 23, 2014 118 HOUGANG GREEN $888k $778 1,141 3 Mar 22, 2014 18 PARK GREEN, 12 $1,190k $871 1,367 3 Mar 22, 2014 189 PARK GREEN $1,250k $922 1,356 - Mar 22, 2014 40 HOUGANG GREEN CALL - - - Mar 22, 2014 18 SELETAR SPRINGS CALL - 1,636 3 Mar 22, 2014 18 CONDOMINIUM SELETAR SPRINGS CALL - 1,539 3 Mar 22, 2014 18 CONDOMINIUM RIVERVALE CREST, 9 $850k $908 936 2 Mar 19, 2014 33 Rivervale Crest $1,141k $1,000 1,141 3 Mar 19, 2014 112 Rivervale Crest $889k $950 936 2 Mar 18, 2014 22 Hougang Green $920k $814 1,130 3 Mar 18, 2014 22 Prepared for on Apr 9, 2014 32 of 38