District 18
TREASURE AT TAMPINES
Treasure at Tampines is located at District 18 of Singapore, one of the most sought after for young families. Treasure at Tampines is a new development built by Sim Lian (Treasure) Pte. Ltd. It sits on a land size of 656,673 square feet. It has a total of 2,203 residential units across 29 blocks, within a 12-storey condominium which comprises of communal facilities, a basement carpark and swimming pool.
Developer: Sim Lian Holdings Limited
Address: 1-57 Tampines Lane
Tenure: 99 years leasehold
Model: Condo
Number of units: 2,203
Expected Date of Completion (T.O.P.): December 2023
Site Area: 648,889 sqf
Price:
1 Bedroom (463 sqft) - From $702,000
1 Bedroom + Study (484 sqft) - Fully Sold
2 Bedroom (581 - 614 sqft) - From $780,000
2 Bedroom Premium (657 - 678 sqft) - From $890,000
2 + Study (678 sqft) - From $896,000
3 Bedroom (818 - 947 sqft) - From $1,098,000
3 Bedroom Premium (1,012 - 1,087 sqft) - From $1,300,000
4 Bedroom (1,238 - 1,270 sqft) - From $1,498,000
4 Bedroom Premium (1,281 - 1,367 sqft) - From $1,631,000
5 Bedroom (1,668 - 1,722 sqft) - From $1,906,000
Primed for development
The Tampines area and East Region generally look set to enjoy growth in coming years as both a residential and business hub.
Key opportunities for the Tampines area include:
Connectivity enhancements with the additional MRT lines;
Government plans to develop the area through the East Region Master Plan;
Lifestyle attractions increasingly suited to work-life balance trends, such as East Coast Park, Bedok Reservoir Park and Changi Beach Park;
Rising status as a commercial hub, with Changi Airport and the Jewel, Changi Business Park, Changi General Hospital and the forthcoming Aviation Hub.
Pricing and discounts
Treasure at Tampines developer Sim Lian got in ahead of the recent “en bloc fever,” paying $970m for the former Tampines Court back in August 2017. The relatively low purchase price for such a large site, along with tremendous economies of scale, imply one of the lowest entry prices for a new launch in 2019. The 1-bedroom unit starts at $645,000, ranging through to the 5-bedroom unit starting at $1,886,000, and recent condo sales have been performing well since the launch in March 2019.
In terms of GLS land bids, pricing in the OCR has increased from an average of $757 psf ppr in 2017 to $941 psf ppr in 2018, or 24.3% year on year. With future condos pricing up to cover the higher cost of land, Treasure at Tampines is well positioned as a highly affordable entry level private development.
Nearby Job Opportunities
There are several huge companies situated there, such as Changi Airport, Seletar, DBS, IBM, and Changi Business Park among others. This allows residents enjoy a short distance travel and also serve as a possible source of employment for residents.
Highlights
Lowest new launch entry price for 2019
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Only mega project in the East
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New MRT lines to further enhance connectivity
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Right in the heart of the Tampines hub
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Disclaimer: The information is subject to change as may be required. All information provided have been treated with care and developer and/or marketing agent should not be liable for any inaccuracy.