TREASURE AT TAMPINES (FORMER TAMPINES COURT)
BROUGHT TO YOU BY SIM LIAN
|PROJECT NAME||TREASURES AT TAMPINES (FORMER )|
|Developer||Sim Lian Group Limited|
|Address||Tampines Street 11|
|Tenure||99 Years Leasehold|
|Total Units||Approx. 2000+ units|
|Expect TOP Date||TBA|
Treasure at Tampines is the former Tampines Court which was sold for S$970 million. This is the biggest en-bloc sale since Farrer Court in 2007.
Located at Tampines Street 11, the plot of land, at 702,164 square feet, is able to yield 2,600 units with each unit an average 753 sqf, or up to 2,100 units if the average is 1,000 sqf.
Treasure at Tampines will entice many buyers, as there have not been many new projects in Tampines. The latest new launch was The Tapestry in March 2018.
“Tampines remains a popular destination, given its regional-center address and proximity to other key commercial nodes like Changi Airport and Changi Business Park,” said Mr. Eugene Lim, KEO of ERA Realty Network.
Treasure at Tampines
Treasure at Tampines is approximately 6 and 10 mins walk to Simei and Tampines MRT Station respectively.
Residents will enjoy easy accessibility to all parts of the island as the site is conveniently linked to major highways such as PIE, TPE, and ECP.
The Central Business District (Raffles Place) is only 25 min drive away.
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The developer of Treasure at Tampines:
Sim Lian Group has been creating homes for families in Singapore for over 40 years, first earning an outstanding track record in construction. The Group is now recognized as an established property development, investment and construction company with an extensive portfolio of residential, commercial, retail and mixed-use projects in the region.
As an experienced and established builder in Singapore, Sim Lian has completed numerous projects such as The Lincoln Residences, Parc Vera, A Treasure Trove, Waterview, Rochelle at Newton, Parc Lumiere, Clover by the Park, The Amery, Carabelle, Bleu @ East Coast, Treasure Crest, Hillion Residences, The Wandervale and more.
All their existing projects were 100% sold.
Amenities nearby Treasure at Tampines
Treasure at Tampines meets the needs of families by providing easy access to public transport services, reputable schools, shopping malls and recreational amenities.
Located on site of an approximately 702,164 sqft, equivalent to the size of 10 soccer fields.
Homeowners will appreciate the view of expansive greenery and easy access to the bustling Tampines commercial hub.
Nearest MRT Stations
- Simei MRT (walking distance)
- Tampines MRT (walking distance)
- Changkat Primary School (within 1km)
- Angsana Primary School (within 1km)
- Tampines Primary School (within 1km)
- Chongzheng Primary School (within 1km)
- Yumin Primary School (within 1km)
- Junyuan Primary School (within 1km; some blocks may fall out of 1km)
- St Anthony’s Canossian Primary School (1-2km)
- St Hilda’s Primary School (1-2km)
- Gongshang Primary School (1-2km)
- Tampines North Primary School (1-2km)
- East Spring Primary School (1-2km)
- Red Swastika School (1-2km)
- Poi Ching School (1-2km; some blocks may fall out of 2km)
Nearest Shopping Mall
- Tampines 1
- Tampines Mall
- Eastpoint Mall
10 Unique Selling Points of Treasure at Tampines:
First Mega Project in the East.
Gigantic Land equivalent to 10 football fields.
Home to Big Banks and MNCs.
New Industrial and Commercial Developments nearby.
4 Shopping Malls within walking distance.
Matured and Established Location.
Good Schools nearby.
Easy to Rent.
Treasure at Tampines Floor Plan
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Treasure at Tampines Price List
At the sale price of S$970 million, it works out to be about S$676 psf, after taking into account additional estimated fees of S$359 million to top up the lease to 99 years and to enhance the intensity for the site’s use.
The breakeven cost for the new project will range between S$1,050 psf to S$1,150 psf.
The new development would likely be a large one with many blocks, but this also means that Sim Lian would have to price (the units) reasonably as it would have to move this large number of units within five years.”