Treasure At Tampines ReviewSINGAPORE - TREASURE AT TAMPINES, Singapore's largest condominium launched last Friday 15 March in the eastern township of Tampines, the island's first regional centre, and today, one of the most well-developed and self-sufficient towns in the country. Treasure at Tampines is proudly developed by Sim Lian Group Limited As one of the most renowned developer for more than 40 years, Sim Lian has initially engaged as a construction company and overtime went into property development and having built numerous quality homes across Singapore for Executive Condominium as well as Private Condominium.
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 price 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.
According to Terence Lian who is in charge of investment sales in a company that brokered the sale, the S$970 million price that surpassed the initial Treasure at Tampines price (reserve) worth S$952 million translates to a land rate of S$676 psf per plot ratio.
With 2,203 units in the residence, having so many people around doesn't exactly give you (or your family) optimal privacy - it basically becomes another typical mass-market development with a higher likelihood of pesky neighbours taking ‘accidental peeks' through your window.
With more than 13 million square feet of current office and retail space, and another five million square feet in the pipeline, Tampines is well on track as one of the fastest growing regional centres in Singapore, where residents live, work and play.
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.
What solidifies Treasure at Tampines location as a good spot for rentals is because it sits closely towards the Simei area, and it provides a potential pool of tenants of healthcare workers from Changi General Hospital and professionals from Changi Business Park and Airline Staff form Changi Airport who prefer a more recent development.
Besides the wide range of F&B outlets and a hawker centre, the Hub also houses the Tampines Regional Library, various open community spaces for events, and a number of sport facilities including a football stadium, rooftop swimming pools, a bowling centre, gym as well as a rock-climbing facility.
Given that convenience is a primary deciding factor in investing in a real estate property, Treasure at Tampines is an excellent investment that is strategically located at 1-57 Tampines Lane—a walking distance from Simei MRT and near two expressways, the Pan Island Expressway (PIE) and Tampines Expressway (TPE).