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!

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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
With a cost of $1515psf ppr, and estimated construction/marketing cost of $500psf, the average breakeven price is about $2015psf.

Do you know that some of the 1 bedders are selling close to breakeven price (from $2087psf) at the initial launch stage?

Logically, do you think it will stay that way for long? If you're the developer, will you maintain breakeven price throughout the sale of the development?

If you would like more info on One Pearl Bank, just PM me. Even if you just want to kaypoh, I'm ok with that 😄

https://www.businesstimes.com.sg/real-estate/one-pearl-bank-condo-draws-4000-in-turnout-during-weekend-preview
Powerhaus
Powerhaus
Just last month, there was a news article on a Singapore family buying a property for each of his 5 kids. He managed to do so by acting on the advice by our Executive Director Mr Kelvin Fong. Are you curious how they did it? Come find out!

Admission is free and dinner is provided. You may leave anytime during the session. RSVP with me if you would like to learn how to be successful like this family!

https://www.straitstimes.com/business/invest/setting-up-home-one-for-each-of-his-5-kids
Powerhaus
Powerhaus
The iconic One Pearl Bank is going for only $2,087psf upwards! That's equivalent to the pricing for Woodleigh Residences, but you get a much more iconic condo in a much more central location. Cheque collection in progress now for next weekend launch balloting. Give me a ping if you would like to be one of the first to choose a good unit!
Powerhaus
Powerhaus
Tip of the day:
When you buy your next property for investment, you must ALWAYS have an exit strategy. Buying is easy! Cheap is good... but does it always mean that you will make money when you buy cheap?

Let me give you an example:
There are many investors who buy overseas properties to avoid ABSD. So let's say you are considering to invest in a condo in JB. You would probably be looking out for units directly sold by developers. Did the thought of buying a resale JB condo ever cross your mind?

Consider this, if it hasn't crossed your mind, how many Singaporeans do you think are considering JB resale condos? If you haven't thought through about this, your money might just get stuck there!

Before you commit to the purchase, ask yourself this question:
Is there an active market that will buy from you in future?

If you have something in mind and would like a 2nd opinion, feel free to check with me!
Powerhaus
Powerhaus
NEW LAUNCH VS RESALE
Last week, I've posted this question - in 2015, which will you buy?
A) A cheaper resale level 9 unit (The Quartz) right next to Buangkok MRT; or
B) A more costly new level 9 unit (Kingsford Waterbay) which is more than 10 mins walk from Buangkok

Time to reveal the answer now!
Undoubtedly, The Quartz was more value for money! It's right next to the MRT, and you can move in immediately! For investors, it also means immediate rental income. So it's a no brainer! Or so it seems...

But value for money doesn't always mean higher capital appreciation. In the context of an investor in the stock market, the share price of Stock A may be lower than Stock B, but it doesn't mean that Stock A's prices will rise faster than Stock B!

Would it be ok to discover something new?

Based on actual transactions at The Quartz, #12-10 was sold at $60k higher in 2018 than #09-10 in 2015.
At Kingsford Waterbay, #03-07 was sold at $255k higher in 2018 than #09-07 in 2015.

To put things in context, if you had bought #09-07 at Kingsford Waterbay in 2015, you could have sold it in 2018 and made a profit of at least $255k. You can use this profit to buy a resale HDB flat nearby and take only 50% mortgage!

Would it be ok to buy a condo and feel less stressed about it? Don't forget that due to the nature of progressive payments for Kingsford (or any other new launches), your monthly installments prior to TOP are very low (could be only a few hundred bucks in the first 2 years).

Is this unique to Kingsford Waterbay? Not really... We see similar patterns across Singapore (as shown in the charts below). I would like to make special mention for Coco Palms vs NV Residences because while Coco Palms is newer, the lease of its land started in 2008, which is the same time as NV Residences!

Why do you think prices behave this way? Are there cases where prices underperformed even when buyers bought at launch? I welcome comments below 😄
Powerhaus
Powerhaus
NEW LAUNCH VS RESALE
NEAR MRT VS NOT NEAR MRT

I usually ask my clients this question (and you might have already seen this from my previous sharing). If we can turn back time to 2015, and you had 2 properties to choose from, which one will you buy?

1) The Quartz
TOP 5 years ago
Right next to Buangkok MRT station
#09-10 @ $1.1m ($955psf)
Ready to move in immediately

2) Kingsford Waterbay
New launch under construction. TOP in 2018.
More than 10 mins walk to any MRT station. Nearest is Hougang or Buangkok.
#09-07 @ $1.111m ($1,110psf)
Must wait 3 years before you can stay or rent out

Leave your comment here, and I will reveal the 2018 prices for these projects in my next post!