Treasure at Tampines was officially launched in March last year and is expected to TOP in 2023. Enthusiasm for the development is still high because of its affordable pricing. But the massive size of the development means that buyers may have to compromise on exclusivity and privacy.
|Project:||Treasure at Tampines|
|Address:||Tampines Street 11|
|No. of Units:||2,203|
|Site Area:||650,000 sqft|
|Developer:||Sim Lian Group|
Treasure at Tampines is Singapore’s largest condominium project to date and it comprises of 2,203 units.
Treasure at Tampines presents to you a uniquely exciting condo development at Tampines Street 11 in the prime District 18. The condo squarely sits at a 702, 164 square feet piece of land where the former Tampines Court was built. This massive plot is expected to yield more than 2,000 residential units, all made with space and comfort in mind.
The biggest uncertainty for buyers would be, if it is overcrowded, will it affect unit rentability, rental yield, long-term appreciation.
Mr Paul Ho, chief mortgage officer at iCompareLoan, said: “There is still high demand for the Treasure at Tampines. This shows that buyers still find the development to be very attractive. To upgrade from HDB flats and live in a condominium is the biggest dream for many Singaporeans, and the Treasure at Tampines makes this possible for them.”
Notable Condo Facilities
This ambitious development features a set of shared facilities that one would expect to find in a modern condo setting. These facilities include, but not limited to, lap pools, swimming pools, gyms, clubhouses, tennis court and BBQ pits. With all these facilities at their disposal, residents will be able to enjoy a perfect balance of comfort, fitness and fun when it comes to the social scene.
The condo units will feature a thoughtful mix of 1 to 5 bedroom configurations plus a penthouse, all designed to satisfy the different needs and demands of home seekers and investors. Ideally, the condo can house everyone, including singles and families (both young and multi-generational). Extra rooms on some of the apartments can be converted into a study room, home office and/or guest room, thus adding more value to the home.
Why Invest In Treasure At Tampines?
Effective Floor Plan
Treasure at Tampines isn’t just stunning on the outside. Its interior features a unique floor plan that’s designed to provide ultimate luxury and space for its occupants. Aside from the impeccable contemporary architecture, the units come with top notch fittings and furnishings, which exude a sense of richness and style.
Convenience and Accessibility
Treasure at Tampines is just a few minutes away from several shopping and dining outlets like Tampines Mall, Century Mall Tampines, East Point Mall and FairPrice Supermarket. Some of these shopping outlets operate 24-hours with others providing numerous attractions for children. Those with school-going kids have access to a range of prestigious schools like Tampines Primary, St. Hilda’s Secondary, Temasec Polytechnic and more.
The condo is also located close to the Simei and Tampines MRT stations, which are just 6 and 10 walk minutes away respectively. This makes the process of getting to and from town and other parts of the island quick and hassle-free. In addition, Changi General Hospital is a few minutes’ walk from the residential development, hence medical check-ups and attention to emergencies is way more convenient.
Tranquil and Serene Environment
Treasure at Tampines in nestled in a quiet and peaceful enclave in 118 Tampines Street (between Simei Aveneue and PIE), where residents can enjoy a refined life to the brink. The condo is also surrounded by luxuriant greenery, something that brings home owners even closer to nature.
Treasure at Tampines is surrounded by numerous attractions that make outings as fun and rewarding as ever. Nature lovers and sightseers can visit the nearby Bukit Timah Nature Reserve, Quarry Park and Tampines Eco Green Park. MacRitchie Reservoir also provides wonderful outing opportunities for runners and water sports lovers and nature enthusiasts.
About Treasure at Tampines Price
Despite its location in the land-starved District 18, Treasure at Tampines still comes at very affordable prices. Official price ranges for the property are not out yet out but the land and development costs give a sneak peek into where the prices will be.
Sim Lian parted with S$970 million in the initial purchase of the project site. The cost of enhancing intensity of the site to maximum plot ratio and the top up for the 99 years site lease( for the lease remainder period of 69 years), on the other hand, totals to S$359 million.
Taking all these costs into account, the breakeven price will be expected to be around S$1,200 to S$ 1, 250 psf. Investors and home seekers can get the exact price though during the condo’s balloting sales day.
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