Treasure at Tampines

Treasure at Tampines is a mega condominium development within 10-mins walk to Simei MRT station. Comprising over 2,200 units, it will become one of the biggest condominiums in Singapore, and will occupy a sprawling site equivalent to 49 Olympic-sized swimming pools. Treasure at Tampines will be redeveloped from the former Tampines Court (a HUDC estate), which was sold en bloc for S$970m in Oct 2017 to Sim Lian.

Treasure at Tampines Location

Great Accessibility

Treasures at Tampines is easily accessible by the Pan Island Expresseway (PIE) and Tampines Expressway (TPE), which easily connects residents to other parts of Singapore by car.

Travelling by public transport is also a breeze with the MRT at Simei  Station (East West Line) and Tampines West (Dowtown Line) Station, which are both within walking distance. It only takes approximately 40mins for a train ride from Simei to the Central Business District.

Nearby Amenities

  • Eastpoint
    The nearest shopping mall is Eastpoint which houses popular shops such as Daiso and a 24-hour FairPrice supermarket. The rooftop water play area is also ideal place for parents to bring their energetic kids to have fun at. Catching your favourite movie at Golden Village over the weekend without having to dress up is also a perfect option.
  • Tampines Mall / Century Square / Tampines 1
    This trio of malls are the cornerstone of Tampines Central which fulfill all the neighbourhood shopping needs of the Tampines population. These malls offer similar shops as Eastpoint except for a few more upmarket shops such as Topshop, H&M and Sephora.
  • Tampines Hub
    You can find all sorts of sports and recreation options here such as a FIFA-endorsed professional football field, futsal courts, hockey courts, badminton courts, tennis courts, running track, swimming pools, children’s play pool, playgrounds, bouncy castles (they are free!), Laser Quest and a regional library. Tampines Hub regularly runs events and activities, and free movie screenings on a daily basis.
  • Changi General Hospital
    Changi General Hospital is only mins away. It would be very convenient for residents who require regular check ups at this hospital.

Nearby Schools

  • Within 1km
    Angsana Primary School
    Changkat Primary School
    Chongzheng Primary School
    Tampines Primary School
    Yumin Primary School
  • Within 2km
    East Spring Primary School
    Gongshang Primary School
    Poi Ching School
    Red Swastika School
    Saint Anthony’s Canossian Primary School
    Saint Hilda’s Primary School
    Tampines North Primary School
  • Tertiary Education
    Tampines Junior College (merging with Meridian Junior College
    Temasek Polytechnic
    ITE College East
    Singapore University of Technology and Design (SUTD)
    UWCSEA Tampines campus

Tampines Transformation

Looking ahead, District 18 is well-positioned to benefit from the growth of the aviation industry. Changi Airport currently employs some 77,000 persons and accounts for 3 per cent of the gross domestic product. With Terminal 4 in operation and Terminal 5 and Jewel Changi Airport in the pipeline, productivity in the aviation sector is projected to increase by 40 per cent with the creation of 8,000 new jobs, according to Second Minister for Transport Ng Chee Meng.

District 18 will also benefit from the upcoming Cross Island Line (CRL), a major MRT line with close to half of the stations interchanging with existing lines. When completed, the CRL will significantly shorten travelling time by enabling commuters better access to all parts of the rail network. The first phase of the CRL will connect Tampines North and Pasir Ris directly to stations such as Ang Mo Kio on the North-South Line, Hougang on the North-East Line, and Bright Hill on the Thomson-East Coast Line.

More details at channelnewsasia.com

Treasure at Tampines Specifications

Project Name: Treasure at Tampines
Address: 1 Tampines Lane
Developer: Sim Lian Group Limited
District: 18
Tenure: 99 years from 29 Nov 2018
No. of blocks 29 blocks of 12 storeys
Total no of Units: 2,203
Facilities 128 facilities
Car Park: 1754 basement + 24 surface + 11 handicap
Site area: 60,283.84 sqm / 648,889 sqft
Expected TOP: 31 Dec 2023
Expected Legal Completion: 31 Dec 2026
Architect Design Link

Site Plan

Unique Features

  • Within walking distance to Simei MRT station
  • Huge land area – which means more common facilities for residents
  • Convenient access to daily necessities and easy access to large malls such as Tampines Mall, Tampines One, Century Square, Our Tampines Hub and East Point.
  • VERY LOW monthly maintenance
  • Wide range of F&B options nearby
  • Huge tenant pool due to proximity to business centres – e.g. Tampines Regional Centre and Changi Business Park
  • Excellent connections to the Pan Island Expressway (PIE)
  • Huge pool of future buyers (HDB upgraders in the vicinity + 8,000 new jobs created at Changi Airport)

Treasure at Tampines Floor Plans

Contact us to receive the full set of floor plans.

Unit Mix

 

Unit Types

No. of Units Typical

Unit Size (sqm)

Typical Unit Size (sqft) % of

Unit Type

Estimated

Monthly MF

A1 1-Bedroom 187 43 463  

10%

 

$150 – $165

A2S 1-Bedroom +Study 44 45 484
B1  

2-Bedroom

121 54 581  

12%

 

$180 – $198

B2 121 55 592
B3 23 57 614
B4P  

2-Bedroom Premium

84 61 657  

7%

 

$180 – $198

B5P 44 63 678
B6P 32 63 678
B7S  

2-Bedroom + Study

229 63 678  

14%

 

$180 – $198

B8S 84 63 678
C1  

3-Bedroom

54 76 818  

19%

 

$180 – $198

C2 11 80 861
C3 33 78 840
C4 22 79 850
C5 22 82 883
C6 264 85 915
C7 11 88 947
C8P  

3-Bedroom Premium

55 94 1,012  

16%

$180- $198

 

$210 – $231

C9P 249 96 1,033
C10P 40 101 1,087
D1  

4-Bedroom

132 115 1,238  

8%

 

$210 – $231

D2 22 115 1,238
D3 22 118 1,270
D4P  

4-Bedroom Premium

11 119 1,281  

8%

 

$210 – $231

D5P 11 125 1,345
D6P 11 127 1,367
D7P 4 118 1,270
D8P 62 123 1,324
D9P 88 124 1,335
E1 5-Bedroom Premium 2 155 1,668  

5%

 

$240 – $264

E2 5-Bedroom Premium 11 157 1,690
E3 5-Bedroom Premium 33 159 1,711
E4 5-Bedroom Premium 64 160 1,722

Treasure at Tampines Official Pricing

1 Bedroom: 463 sqft from $5XXK
2 Bedroom: 581 sqft from $7XXK
3 Bedroom: 818 sqft from $9XXK
4 Bedroom: 1,238 sqft from $1.4XXM
5 Bedroom: 1,668 sqft from $1.8XXM

The launch price is about $1,3xx psf, only slightly higher than the expected price (~$1,100psf) of Punggol ECs which will be launched in 2019!

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

About the Developer

Sim Lian Group is recognised as an established property development and construction company with a broad portfolio of residential, commercial, industrial, retail and mixed-use developments, built on the foundations of prime location, quality workmanship and  efficient space planning.  The Group is ranked amongst the Top 100 Brands in Singapore for five consecutive years from 2009 to 2013 by independent brand strategy and valuation consultancy, Brand Finance.  Sim Lian Group is also recognised as a top ten developer in Singapore by BCI Asia in 2015 and 2016, and was listed on the Mainboard of the Singapore Exchange since the year 2,000. Projects which have been developed by Sim Lian include Treasure Crest, Wandervale, Hillion Residences, The Lincoln Residences and The Tampines Trilliant.

Register Interest Now

Treasure at Tampines will open to public for sales preview on 16 Mar 2019.

REGISTER NOW for an appointment to view our sales gallery and enjoy VIP pricing direct from the Developer! No agent commission required!

Registration Form
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Massive Project!
  • Price
  • Location
  • Range of common facilities
4.7

Summary

Treasures at Tampines has about 1.5x the number of units of the last mega project (High Park Residences), which by itself was a huge development! You can expect that there will be a huge range of common facilities available, which is only possible for large scale condos. Based on the cost of enbloc acquisition of Tampines Court, Treasures at Tampines is expected to launch at a very affordable pricing in the range of 1,200-1,300psf.

 


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Powerhaus
Powerhaus
TALLEST BUILDING IN THE WORLD

I was waiting for a friend for lunch today outside One Altitude and in my boredom, I chanced upon this plaque which I've never noticed in my years working in Raffles Place.

Apparently, One Raffles Place was formerly known as OUB Centre before OUB merged with UOB in 2001. And back in 1988, OUB Centre was the tallest building in the world outside of the USA! Wow, that's quite an achievement for Singapore, considering that was a time when buses were not airconditioned, and the MRT first started operations only a year ago!

Back then, the financial centre was still in Tanjong Pagar, where DBS used to be located, and MAS still stands today. We have seen how that has gradually shifted to Raffles Place in the 90s. Today, do we see a shift away from Raffles Place? Where do you see Stanchart, DBS and HSBC moving to?
Powerhaus
Powerhaus
MAS FLAGS OVERSUPPLY RISK - WHY?

A few days ago, MAS gave this warning:
https://www.straitstimes.com/business/property/mas-flags-loan-risks-amid-rising-home-supply

Should you be concerned?

Unsold properties are rising. If you are concerned by this, it is a logical and perfectly acceptable emotion. Beyond the headlines, what's equally important is for us to understand why unsold properties are rising. If buyers have stopped buying, we should be alarmed! But is this the case? Once again, I have done my research on this and please allow me to use facts and figures to help you understand the situation better.

Over the past 3 months, there have been 11 new BIG launches that entered the market. Since I cover all of them, I gathered the info into a summary below for your easy reference:

Dairy Farm Residences $1,500psf (99Y, Hillview) - 460 units launched Nov
Midwood $1,550psf (99Y, Hillview) - 564 units launched Oct
Parc Clematis $1,600psf (99Y Leasehold, Clementi) - 1,468 units launched Sep
The Antares $1,700psf (99Y Leasehold, Matttar Road) - 265 units launched Sep
Sengkang Grand $1,700psf (99Y Leasehold, Buangkok) - 680 units launched Nov
Urban Treasures $1,900psf (FH, Ubi) - 237 units launched Nov launched Nov
Avenue South Residences $2,000psf (99Y Leasehold, Bukit Merah) - 1,074 units launched Sep
Midtown Bay $2,700psf (99Y Leasehold, Bugis) - 219 units launched Sep
Royal Green $2,750psf (Freehold, Bukit Timah) - 285 units launched Sep
One Holland Village $2,800psf (99Y Leasehold, Holland Village) - 296 units launched Nov
Pullman Residences $3,000psf (FH, Newton) - 340 units launched Nov

Let's do the maths - that's a grand total of 5,888 new units launched over a short 3 months without even including the smaller launches! To put this number in context, developers sold 8,795 residential units for the whole of 2018. In other words, developers launched more than 67% of last year's sales volume in a short span of 3 months! Obviously, these new units will need time for the market to digest. Undoubtedly, this caused a short term spike unsold units.

Is there a need to be concerned? Well - that depends on whether you are a buyer or seller. I don't think there is any dispute that we are now in an oversupply market. In this market, will you be more stressed as a seller or as a buyer? If this is a market where sellers and developers are stressed, is it a good or bad market for buyers? As a buyer, will you be better off to buy when sellers are stressed, or wait until there is a lack of supply when everyone else is rushing in to buy? As a seller, perhaps it will be better to sell later when there is less supply, provided that what you're buying next does not appreciate faster than your current property.

You will also be thinking - will prices drop further? Looking back when the government introduced cooling measures in July 2018, most people felt that prices will definitely drop. Those who sat on the sidelines since then, they would missed out on approx 2-5% price growth for private properties, but can buy HDB flats now at 2-5% lower.

To objectively answer the question of whether prices will head towards, we will have to assess if we are at the peak of oversupply, or will the situation get worse. How do you if we're at the peak?

Well, for private properties, that's not difficult to estimate. If developers stopped buying land/enbloc in mid 2018 after cooling measures, and most developers take around 1 year to launch enbloc properties for sale, when do you think developers will stop launching new units into the market?

As for HDB, the government plans to launch 15k new flats in 2020. Based on projected population growth of Singapore Citizens and PRs, assuming all of them buy HDBs, we are looking at less than 10k demand per year for the next 3 years or so. What do you think will happen to HDB prices in general?

Where do I get these stats? PM me, and I'll share more with you.
Powerhaus
Powerhaus
ARE YOU GOOD AT CHOOSING THE RIGHT PROPERTY?

Perhaps you are thinking of buying your first property. Or perhaps you have already bought 5-6 different properties in your lifetime. You probably have certain assumptions that certain types of properties are better than others (e.g. freehold condos near MRT are the best). You might be right, except that you may not have tested this assumption based on past track records. Why not try a simple test in this link below?

https://powerhaus.pro/choosing-the-right-property/
Powerhaus
Powerhaus
Up to $400k discount from last transacted prices. 1ᗷᖇ from $1.6m/ $2,200psf; 2ᗷᖇ from $2.2m/ $2,164psf.

At prices starting from only $2,200psf (applicable to both 1 and 2 bedroom units after discount), when can you find another opportunity for you to purchase a brand new condo in the heart of CBD at the same price of a brand new condo at Woodleigh?

Offer valid till 7 Dec 2019!
Powerhaus
Powerhaus
Powerhaus
ARE PRICES OF NEW CONDOS GETTING OUT OF HAND?

Here's a quick summary of some projects that launched in the past few months sorted by average psf in ascending order:

Parc Clematis $1,600psf (99Y Leasehold, Clementi)
Sengkang Grand $1,700psf (99Y Leasehold, Buangkok)
Woodleigh Residences $2,000psf (99Y Leasehold, Woodleigh)
Avenue South Residences $2,000psf (99Y Leasehold, Bukit Merah)
4th Avenue Residences $2,400psf (99Y Leasehold, Bukit Timah)
Royal Green $2,750psf (Freehold, Bukit Timah)
Midtown Bay $2,700psf (99Y Leasehold, Bugis)
One Holland Village $2,800psf (99Y Leasehold, Holland Village)

What if you can still own a brand new condo in the heart of CBD at around $2,200psf only, which is comparable to other older resale condos nearby? What if the developer has recently cut prices by up to 15%?

A 1 bedroom 764sqft #12-20 was $1.972m in Aug 2019. #16-20 is now selling at around $360k lower at $1.615m.
A 2 bedroom 1001sqft #04-19 was $2.498m in Aug 2019. #04-19 is now selling at around $400k lower at $2.109m.

If this CBD condo is now selling at Woodleigh prices and 12% lower than Holland Village, can I say that you have everything to gain and nothing to lose? 😄
Powerhaus
Powerhaus
Liang Court is getting a makeover soon! The new Liang Court will comprise two residential towers offering some 700 residential units, a commercial component, an "upper midscale" hotel with 460 to 475 rooms, and a 192-unit serviced residence with a hotel licence.

If new River Valley condos are now selling at around $3000psf, I can imagine this will be easily $3300psf especially given the lack of competition in its immediate vicinity, and its proximity to Fort Canning station.

https://www.businesstimes.com.sg/companies-markets/capitaland-cdl-ascott-reit-to-redevelop-liang-court-into-mixed-use-complex