One of the new and great launches of private condominium development is the Treasure at Tampines. The property is located at Tampines Street 11. It is the space where the former Tampines Course HUDC existed.
The land has been purchased by the famous real estate developer Mr. Sim Lian and the valuation is $970 million ($676ppr). The Treasure Tampines will get to enjoy a lease of 99 years and will be completely developed and modernized into a luxurious residential complex.
New Development at Tampines Town – Treasure Condominium
Their estate is comprised of 2,203 units sprawled over a land of 648,889 sqft. Tampines Treasure will have beautiful 128 condominium facilities with a very minimum maintenance fee. This will be valuable for the residents of the estate.
The buildings will have 12 stories and there will 29 blocks. Treasure at Tampines Development will offer a wide range of unit sizes and types. The range would vary from 1 bedroom to 5 bedrooms units with different layouts of the floor plan.
Treasure at Tampines Condo in Singapore is anticipated to be the most affordable launch of the year 2019. The realistic developer exclusive pricing makes it the best choice for the people who want to invest and aims to gift their families with the best property.
Treasure at Tampines is based out of a prime location. It is very near to Simei MRT (East-West Line), Tampines West MRT (Downtown Line) and Tampines MRT (East-West and Downtown Line). The inhabitants can take the facility of wide accessibility throughout the island because of a new slip road that connects directly with PIE both ways towards City and Changi.
The opening of the Jewel Changi Airport, the Changi Business Park has expanded and developed a lot as per the new Singapore Master Plan of 2019. The Tampines, being the regional hub is sure to enjoy the benefits. There is an expectation that this property will have a developed and wide tenant pool and gain capital appreciation.
A reputed property development and construction company of Singapore, Sim Lian Group is getting ready to launch the Treasure at Tampines where over 2000 condos will be constructed. The Treasure at Tampines which was initially the Tampines Court was obtained at $970 million and it is known to be the second-best deal after the sale if Farrer Court that was settled at $1.3388 billion in the year 2007.
The investor-in-charge of sales Mr. Terence Lian has said that the $970 million prices that have surpassed the initial Treasure at Tampines price worth $952 million translate to the land rate of $676 psf per plot ration. In the deal, it’s also mentioned that it includes a 99 years lease top-up and $359 million premium for site escalation.
Sim Lian Development Group has experience in the construction industry for over 40 years throughout Singapore and an extraordinary track record. This is the reason they are counted among the best and reputed companies.
The company is famous for its high-quality construction which is involved in all sorts of residential, industrial, commercial, retail and mixed-use buildings.
The construction company is managed by a set of experts who has huge experience of more than 15 decades in the industry. This is their strength which has helped them to grow rapidly, succeed in many projects and gain confidence.