The Tre Ver by UOL

The Tre Ver is a waterfront condominium overlooking the Kallang River, and located along Potong Pasir Avenue 1. Its beautiful design is created by the award-winning architect firm WOHA, and  is expected to be launched at around S$1,500psf. Comprising 9 blocks of up to 20-storeys, The Tre Ver will house 729 units of 1-4 bedroom units. The Tre Ver is redeveloped from the former Raintree Gardens (a HUDC estate), which was sold enbloc in Oct 2016. 
The Tre Ver Potong Pasir Clubhouse

The Tre Ver Location

The Tre Ver Potong Pasir Location

The Tre Ver is a 10-min walk (based on Google Maps) to Potong Pasir MRT station, and is only 4 stops away from Dhoby Ghaut interchange. For those who drive, the project is also easily accessible by PIE and CTE.

Residents of selected units can enjoy the scenic view of the Kallang River which stretches across the facade of the development.

Potong Pasir Community Club is only a 5-min walk away! Residents of The Tre Ver may enjoy various facilities such as booking of badminton courts, grocery shopping at NTUC, dining at KFC or at the coffeeshop across the road.

The Poiz (a mixed commercial and residential development expected to be completed by 2019) is adjacent to Potong Pasir MRT station. When completed, it is expected to offer an additional range of F&B options to residents nearby.

There are many education institutions near The Tre Ver, including reputable schools such as the following:

  • Cedar Primary School (within 1km)
  • Cedar Secondary School
  • First Toa Payoh Primary School
  • Maris Stella High School
  • St. Andrew’s Junior School (within 1km)
  • St. Andrew’s Secondary School
  • St. Andrew’s Junior College
  • Stamford International School

The Tre Ver Specifications

Project Name: The Tre Ver
Address: Blk 60, 62, 64, 66, 68, 70, 72, 74 and 76 Potong Pasir Ave 1
Developer: UVD (Projects) Pte. Ltd (JV of UOL Group Ltd and United Industrial Corporation Ltd)
District: 13
Tenure: 99 years
No. of blocks Tower Blocks: 3 blocks of 20 storey and 2 blocks of 19 storey

Garden Blocks: 4 blocks of 7 storey including 2 storey carparks and 1 basement carpark

Total no of Units: 729
Facilities Bubble Island, 50m Lap Pool, Infinity Pool, Outdoor Spas, Jacuzzi Caves, Water Swings, Karaoke Rooms, Herb Garden, BBQ Cabana, Clubhouse, Pool Room, Library, Games Room, Waterfall Garden, E-Post Station, Flora Lane, Climbing Cave, Bouncing Pit, Balacing Bridge, Fitness Stations, Workout Corner, Physio Corner, Function Loft, Multipurpose Lounge, Activity Alcoves, BBQ Pavilion, Grill Pavilion, Teppanyaki Pavilion
Site area: approx 201,405 sqft
Expected TOP: 2022
Architect WOHA

Site Plan

Unique Features

  • Near Potong Pasir MRT station and 4 stops away from Dhoby Ghaut interchange
  • Waterfront living at an affordable price
  • Easy access to NTUC supermarket and Potong Pasir Community Club
  • Near The Poiz, which will be completed earlier than The Tre Ver
  • Within 1km to Cedar Primary Sch and St Andrew’s Jr Sch
  • Easy access to other parts of Singapore by PIE and CTE
  • Very competitive pricing – RCR property at OCR price!

Photo Gallery

The Tre Ver Floor Plans

The Tre Ver Potong Pasir Floor Plan 1 bedroomThe Tre Ver Potong Pasir Floor Plan 2 bedroomThe Tre Ver Potong Pasir Floor Plan 3 bedroomThe Tre Ver Potong Pasir Floor Plan 4 bedroom

Unit Mix

Type Area (sqft) Total Units
1-Bedroom (484 – 506 sqft)
Tower Blk 495 66
Tower Blk 495 36
Tower Blk 506 49
Garden Blk 484 8
2-Bedroom (614 – 797 sqft)
Tower Blk 614 32
Tower Blk 624 32
Tower Blk 635 30
Tower Blk 689 36
Tower Blk 700 115
Tower Blk 732 81
Tower Blk 732 82
Garden Blk 635 15
Garden Blk 797 8
3-Bedroom (990 – 1098 sqft)
Tower Blk 990 36
Tower Blk 1087 36
Tower Blk 1087 36
Tower Blk 1087 34
Garden Blk 1055 10
Garden Blk 1098 10
4-Bedroom (1324 – 1367 sqft)
Tower Blk 1367 17
Garden Blk 1324 10
Total 729

The Tre Ver Official Pricing

The Tre Ver will be built on the site of the former Raintree Gardens, which was sold en bloc for S$334.2m in Oct 2016 to Sim Lian. Sim Lian planned to develop the 201,405 sq ft site to house about 750 units, which translates into about $797 per sq ft per plot ratio (psf ppr), including the premium paid to top up the lease to a fresh 99 years and for redevelopment of the site to a gross plot ratio of 2.8.

Based on an estimated construction costs, administrative expenses and profit margin at a total of S$600-700psf, the launch price (subject to confirmation by the developer) is estimated around S$1,4xx psf.

Indicative Price as at 19 Aug 2018:

1BR
#04-01 506sqft $738000 ($1458psf) **
#04-51 484sqft $742000 ($1533psf)
#04-52 484sqft $742000 ($1533psf)
#05-01 506sqft $746000 ($1474psf) **
#05-08 506sqft $746000 ($1474psf) **

2BR
#06-07 614sqft $908000 ($1478psf) **
#04-12 624sqft $941000 ($1508psf)
#04-13 624sqft $941000 ($1508psf)

2BR P
#04-29 689sqft $1070000 ($1553psf)
#04-36 689sqft $1070000 ($1553psf)
#04-32 700sqft $1071000 ($1530psf)
#04-24 700sqft $1071000 ($1530psf)

3BR
#04-27 1012sqft $1546000 ($1528psf)
#05-27 1012sqft $1554000 ($1536psf)
#04-46 1055sqft $1582000 ($1500psf) **
#04-47 1055sqft $1582000 ($1500psf) **
#05-46 1055sqft $1592000 ($1509psf)

3BR P
#04-31 1109sqft $1656000 ($1493psf) **
#04-35 1098sqft $1664000 ($1515psf)
#04-18 1109sqft $1692000 ($1526psf)
#04-19 1098sqft $1692000 ($1541psf)

4BR
#04-41 1335sqft $2080000 ($1558psf)
#04-43 1335sqft $2090000 ($1566psf)
#05-41 1335sqft $2098000 ($1572psf)
#04-15 1378sqft $2154000 ($1563psf)

** denotes lowest psf

Prices are subject to change without prior notice.

Register now to obtain first hand updates on the pricing based on your choice units!

About the Developer

UOL is a Singapore based real estate company listed on the Singapore Stock Exchange. UOL specialises in both property development and investment in residential, commercial, and industrial projects. The group has won several awards within the industry and furthermore maintains a strong reputation for delivering excellence in quality and for their dedication to sustainability efforts. Other residential developments from the developer in Singapore include Riverbank at Fernvale, Botanique at BartleyThe Clement Canopy and Principal Garden.

United Industrial Corporation (UIC) also holds an impressive portfolio and reputation within the Singapore property scene. Founded as a private company in 1963 before its public listing in 1969, UIC’s portfolio features some of the most highly-regarded commercial and retail landmarks in Singapore. Some of the residential condominiums developed by UIC in Singapore include Mon Jervois, Alex Residences, and Pollen & Bleu. Abroad, the developer has investment relations in the UK, China, London, Shanghai, Beijing, and Tianjin.

About the Architect

WOHA is a Singapore-based architectural practice founded by Wong Mun Summ and Richard Hassell in 1994, and has gained global recognition for their integration of environmental and social principles at every stage of the design process. They have designed a diverse amount of innovative and highly influential projects, which have been built in a number of cities and countries, and their best-known projects have been widely publicised as benchmarks for sustainable design. It has won many international awards since 1999, and recent awards include:

  • 2017 Maison & Objet Designer of the Year Asia Award
  • 2016 World Architecture Festival, Future Project (Commercial Mixed Use), Kampung Admiralty, Singapore
  • 2016 The International Highrise Award Finalist, Skyville @ Dawson, Singapore
  • 2016 SIA Architectural Design Awards, Skyville @ Dawson, Singapore
  • 2016 SIA Architectural Design Awards, PARKROYAL on Pickering, Singapore
  • 2016 SIA Architectural Design Awards, Enabling Village, Singapore

Some of WOHA’s local works include:

  • Goodwood Residence, Singapore, 2010-2013
  • Parkroyal on Pickering, Singapore, 2010-2013
  • School of the Arts, Singapore, 2005-2010
  • iluma, Singapore, 2005-2009
  • Crowne Plaza Hotel, Changi Airport, Singapore, 2005-2008
  • Bras Basah MRT Station, Singapore, 2000-2008
  • Stadium MRT Station, Singapore, 2000-2008

Register Interest Now

The Tre Ver is now open for viewing. REGISTER NOW for an appointment at our showflat and enjoy VIP pricing direct from the Developer! No agent commission required!

Registration Form
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Value for Money
  • Value for Money
  • Location
4.5

Summary

The Tre Ver is expected to be priced competitively amongst various recent launches in the region.
This is a good opportunity for investors who are looking for an affordable new property in District 13. At the average price of 1,500psf, the price point is very competitive for a RCR property!

 


Property News and Updates

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Powerhaus
Powerhaus
SHOULD YOU INVEST IN A PROPERTY BECAUSE IT IS CHEAP?

I've had interesting conversations with a few prospective buyers recently, and a common topic came up. It goes along the lines of "this condo is really cheap, so it's a very good buy!".

Yes, that is a natural instinct. Don't we all want to maximise the value of what we get for our money? So is that the right thing to do? Well that depends. Let's use an analogy.

If you compare the top range Oppo mobile phone against the likes of Samsung and Apple, Oppo will definitely be the cheapest and offer the best value for money. If you are going to use the Oppo phone until the end of its useful life, I would say Oppo is likely the best option for you. But if you intend to upgrade to a new phone 1-2 years later, which phone do you think has better resale/trade in value?

Translated into property talk, cheap may not necessarily mean higher capital appreciation. In fact, the inverse may be true. Why do I say that? Well think about it - if this property is cheap, could it have enjoyed high capital appreciation over the past few years? Unlikely. That's why it looks cheap now. If you are buying for capital appreciation, the golden question would be this - is there any foreseeable catalyst that will change this phenomenon? Will it remain cheap after you buy it?

Let me give you a personal example. My mum stays in a freehold condo near Telok Kurau. Last transacted price was only $872psf. Cheap right? In 2012, it was transacted at $856psf, which was also considered cheap at that point in time when Bedok Residences (99 years leasehold) launched at record high price of $1350psf. So if a buyer bought my mum's place thinking that it's a good buy because it is cheap and freehold, he/she would have gotten very good value for money in terms of huge floor space for a given budget. Conversely, the buyer who bought Bedok Residences at an price of $1350psf (seen as insane at that point in time) can sell it today at around $1550psf and enjoy $200psf of profits.

Ultimately, which one is more important to you? Capital gains or value for money? What if you have bought Bedok Residences in 2012, sold it today and bought my mum's place? Wouldn't it be nice to have your cake and eat it - to sit on $200k profit and eventually getting your value for money? 😄
Powerhaus
Powerhaus
UPCOMING REAL ESTATE SEMINAR

Unlike many other free seminars, you won't be pressured into buying something during this event, and there will not be any salesperson pestering you - AS LONG AS you are my invite 😆

Synopsis:
1. When is the best time to Enter or Exit the Market?
2. How do you identify the most profitable unit within a project?
3. How does a project near to a future MRT fare?

Date: 22 Nov 2019 (Friday)
Time: 730pm-930pm
Location: Serangoon

Drop me a PM if these topics are interesting to you. As I only have limited seats allocated for me, it will be available on first come first served basis. Dinner will be provided!
Powerhaus
Powerhaus
HOW TO MAKE YOUR HOUSE LOOK LIKE A MILLION DOLLARS (BEHIND THE SCENES)

I have a unit for sale at Parkland Residences (DBSS). When I first stepped into the unit, it looked pretty functional. The couple had a 1+ year old, so naturally, the house was set up for the baby's requirements.

Unfortunately, it didn't look as eye-catching as the other units for sale in the same block. So I decided to makeover the house for the seller. 1st pic is the original condition, and without any digital touch ups. 2nd and 3rd photos are post makeover with professionally taken photos. Of course, so that we do not disappoint prospective buyers, we will need to dress up the unit again prior to each viewing. This is additional work, but important to get the sale done.

Are you more likely to click on this listing when you see the touched up photos compared to the original one?

On sale is a newly MOP 4 room DBSS at Upper Serangoon at $645k
https://www.propertyguru.com.sg/listing/hdb-for-sale-475b-upper-serangoon-crescent-22058282
Powerhaus
Powerhaus
CAN HDB PRICES INCREASE OVER TIME?

Some time back, a good friend of mine told me that despite the looming HDB oversupply and slow increase in number of Singapore Citizens, prices of "well-located" HDB flats are not expected to drop. Instinctively, I felt that there could be some bias, because he owns a centrally located HDB, and obviously, everyone feels that their own property can make money. But who am I to make a sweeping assumption that prices will definitely drop across the board?

So I decided to put this assumption to the test using actual numbers, and compared the price movements of HDB flats in 3 different areas. To control the variables as much as possible, I shortlisted HDB flats below 15 years old and compared the prices of units within the same floor range over time.

Conclusion? My friend is partly right! Have a look at my analysis in the link below.

https://powerhaus.pro/hdb-increase-value/
Powerhaus
Powerhaus
Here's a refresh of the top selling projects in Oct 19!

Top 3 are now Parc Esta, Treasure at Tampines and Neu at Novena. For a few consecutive months, Parc Esta and Treasure at Tampines have retained the top 3 spots. Neu at Novena, which launched in Oct displaced Stirling from the top 3 will likely be a one-off event.

Parc Esta remains a top choice and it is now 66% within 1 year of launch despite housing 1400 units. At an average price of $1,600psf with Paya Lebar transformation at its doorstep, it suddenly looks cheap compared to Sengkang Grand Residences which sold 30% of all units on launch day despite an eye-opening price of $1,700psf!

Treasure at Tampines is also a hot favourite because of its low entry price of around $1300psf despite its walking distance to Simei MRT station.

Which project do you think will enjoy greater capital appreciation?
Powerhaus
Powerhaus
“The bulls are back…global recession concerns vanish and ‘Fear of Missing Out’ prompts wave of optimism and jump in exposure to equities,” BofA writes.

https://www.cnbc.com/2019/11/12/fear-of-missing-out-has-replaced-recession-concerns-bofa-survey-finds.html