Treasure At Tampines - Offer attractive price directly from developer that you cannot ignore

Treasure At Tampines - Offer attractive price directly from developer that you cannot ignore

With expectations of high-end housing in district 18, Treasure at Tampines officially launched in March last year and is expected to hit the TOP in 2023. Enthusiasm for the development remains high because of the price its affordable. But the large scale of the development means that buyers may have to compromise on exclusivity and privacy.

Treasure at Tampines Condo is Singapore's largest condominium project to date and comprises 2,203 units. Treasure at Tampines presents you with a unique exciting residential development at Tampines Street 11 in District 18. This unit is square in size on 702, 164 square feet of land. This massive estate is expected to house more than 2,000 residential units, all designed with space and comfort in mind.

The biggest uncertainty for buyers is, if overcrowded, it will affect the rental capacity of the unit, rental yields, long-term price appreciation. “Demand for Treasures in Tampines remains high,” said Paul Ho, Mortgage Manager at iCompareLoan. This shows that buyers still find the development very attractive. Upgrading from an HDB unit and living in a condominium is the biggest dream of many Singaporeans, and Treasure at Tampines has made this a reality for them. ”

Treasure At Tampines with attractive price directly from developer that you cannot ignore. Artist's Impression Photo.

Despite being located in the housing-restricted District 18, Treasure at Tampines Residences is still very affordable. The land was purchased at the lowest price among private residential areas.

In Singapore, for newly launched apartments sold in 2019, the standard price to own an apartment is usually 1 million USD or more. Only a handful of condos start at around $670,000 for a 1-bedroom unit. This project is significantly cheaper, starting at $585,000 (for 1-bedroom units) on launch date on March 15, 2019. This amazing price has caught the attention of people. Consumption was quick and the apartments were sold quickly.At the moment, the entry price is around $645,000 for a basic 1-bedroom unit while a 5-bedroom (1,722 sqft) unit starts at just $1,886,000.

Sim Lian parted with S$970 million in the initial purchase of the project site. On the other hand, the site-strengthening costs to the maximum lot rate and the investment costs for a 99-year site lease (for a remaining lease of 69 years), totals up to 359 million Singapore dollars. Taking all these costs into account, the breakeven price is expected to be around S$1,200 to S$1,250 psf. Investors and home-seekers can get the exact price though on the apartment's polling sales day.

In the last few years, the newer regional centers Jurong and Woodlands have become the focal point of many of their upcoming plans: the Jurong Lake District and the Star Destination of the North. At price per square foot (PSF), Tampines properties have seen a whopping 52.28% increase in value since 2008, more than double the increase of properties in Jurong East or Woodlands, with increases of 21.65% and 18.71% respectively. While Tampines seems to fly under the radar of the news, its enduring popularity is evident in sales, aided by the east's continued rise as a commercial hub. major trade in recent years. In addition to the Tampines Regional Center, major commercial centers have flourished in the east including Changi Downtown, Pasir Ris Wafer Fab, and Loyang Industrial Park.

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