272 units at TREASURE AT TAMPINES were sold during weekend launch in March 2019.
As background, the developer, Sim Lian, purchased the former Tampines Court enbloc site in 2017 for $676 psf ppr. This means that its BREAK-EVEN selling price is about $1050-$1150 psf. This explains why the developer is able to sell at lower prices than neighbouring new launches.
For all Floor Plans and more info, pls visit WWW.PROPERTY2030.COM
Sim Lian’s Treasure at Tampines sits at the site of the former Tampines Court, about 10 minutes on foot from Simei MRT station along the East-West Line. It is also in the vicinity of five MRT stations on the East-West and Downtown Lines and one stop away from Pasir Ris station, an interchange station with access to the future CRL.
Address: 118 – 135 Tampines Street 11
Total Units: 2203
1 BR (463 – 484sqft) = 231 units
2 BR (581-614sqft) = 265 units
2 BR Premium (657 – 678sqft) = 160 units
2 BR + Study (678sqft) = 313 units
3 BR (818 – 947sqft) = 417 units
3 BR Premium (1,012 – 1,087sqft) = 344 units
4 BR (1,238 – 1,270sqft) = 176 units
4 BR Premium (1,281 – 1,367sqft) = 187 units
5 BR (1,668 – 1,722sqft) = 110 units
With 128 exciting facilities and 13 pools spread out on its sprawling grounds, Treasure at Tampines offers double the fun of a typical condo with twice the number of facilities on-site; with two lap pools, two themed kids’ playground, two kids’ slide pool, double the number of BBQ pavilions, gardens and spa facilities. The two-storey Treasure clubhouse also features a suite of multi-themed function rooms and co-working space.
Rental opportunities will come from the large pool who work in the Tampines Regional Centre and surrounding areas such as the Changi Business Park.
After the property cooling measures in July 2018, many are wondering about the impact on the property market. On WWW.PROPERTY2030.COM, I have compiled data on the number of units sold versus asking prices for all new launches.
Mike | OrangeTee & Tie | 9828XXXX