Mega Condo Treasure At TampinesStaying in Tampines for the past 25 years has given me good insights in regards to how a development will usually perform in regards to its location and nearby amenities as a contributing factor. And so with the relatively low land rate at which the Group made the purchase, plus the massive site's unique location with little surrounding competition, we can see how it allows for the developers here to price their units rather ‘affordably' with solid profits all around.
Tampines Town is set to improve the general wellness of the community as the establishment will focus on sports and other activities that residents in the area should be able treasure at tampines singapore to do. As of the moment, there are numerous parks around Tampines which should be plenty enough to help people unwind and distance themselves a bit from the concrete jungle.
Jointly developed by Sim Lian Group Limited and Sim Lian Holdings Pte Ltd, Treasure at Tampines is located at Tampines Street 11 following the en bloc acquisition of Tampines Court HUDC estate in 2017 in Singapore's second-biggest collective sale over the past few years.
South-east of the Treasure at Tampines location, there are a huge number Simei condominiums and north-east consists of Changi freehold condominiums, I believe that these condominiums are before 2010 and might not be as appealing for tenants who are looking for a modern offering.
However, Treasure at Tampines is located closest to Tampines Central, where malls such as Tampines Mall, Century Square and Tampines One are situated, as well as the major public transportation nodes, says Alan Cheong, executive director of research & consultancy at Savills Singapore.
Considering that the land was purchased at $676 PSF by Sim Lian Group which ~35% is included for their profits and, coupled with an estimated $400 PSF for construction costs as Treasure at Tampines is a huge development, it all adds up to be $1313 PSF, which is close to the average asking price of $1346 PSF.
Singapore's strong positioning as an aviation hub is set to receive a further boost with new infrastructure projects in the pipeline - these include Changi Airport Terminal 5, Changi East Urban and Waterfront District as well as Changi Aviation Park.
Treasure at Tampines is a new condominium development by Sim Lian Group Limited Sim Lian Group has an extensive portfolio in residential, retail, commercial, mixed-use and industrial developments; and is ascribed as an established property development and an award-winning construction company which has an outstanding property development track record for more than 40 years.
You won't need to worry about commuting to an MRT station as you can always hop on the free shuttle bus service that will bring you to Tampines MRT and Changi Airport (perfect for those who travel frequently or just want to snap some photos at the world's largest indoor waterfall at Jewel).
1. Yet another large scale condo project with compliments from the collective sale of former HUDC Tampines Court, Treasure at Tampines is also one of the biggest with a whopping land plot of approx. This is because there are up to three big shopping malls: Tampines mall, Tampines 1 and century square located a few distance from treasure at Tampines.