Treasure at Tampines: Most significant launch of 2019

Friday, March 15 marks the launch of Treasure at Tampines – the largest personal condominium project to be released this year. With 2,203 units, it is provide the greatest exclusive apartment in terms of number of units– overtaking the 1,715-unit d’Leedon on Farrer Road which previewed in 2010.

” I can not recall any type of apartment of 2,000 units in Singapore,” states Ong Choon Fah, Chief Executive Officer of Edmund Tie & Carbon monoxide (ET&C o). “It’s definitely a mega-project. By being one of the very first to market, the developer wishes to capitalise as needed prior to the others get in the market.”

The 2,203 units at Treasure at Tampines will certainly be spread out across 29 twelve-storey blocks. There will certainly be 33 different formats to pick from. Houses will vary from one- to five-bedroom units with sizes from 463 to 1,722 sq ft. The job sits on a site of regarding 648,889 sq ft– the matching of 11 football areas– and also will feature 128 apartment centers, including a 24-hour gym as well as 13 pool.

Units released in the very first stage will certainly be valued at approximately $1,280 psf. “It’s an eye-catching price,” claims Eugene Lim, essential executive officer of ERA Real estate Network. “It could well be one of one of the most cost effective launches of 2019.” AGE is collectively marketing the job with OrangeTee & Connection as well as PropNex.

Nicholas Mak, executive director as well as head of research and working as a consultant at ZACD Group, notes that there have actually been few significant task launches– of greater than 500 units– in the Simei and Tampines location over the past 2 1/2 years.

The most recent launch in the Tampines location is the 861-unit The Tapestry at Tampines Opportunity 10 by City Developments Ltd, which was a year earlier. Based on caveats lodged, 586 units (close to 70%) have actually currently been sold at a typical cost of about $1,350 psf. On the other hand, only 11 units stay readily available at the 626-unit The Alps Residences by MCC Land, situated beside The Tapestry as well as launched in October 2016.

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