{"id":105365,"date":"2019-03-25T12:37:35","date_gmt":"2019-03-25T05:37:35","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/treasure-at-tampines-moved-272-units-at-1280-psf-on-average\/"},"modified":"2019-03-25T13:03:20","modified_gmt":"2019-03-25T06:03:20","slug":"treasure-at-tampines-moved-272-units-at-1280-psf-on-average","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/treasure-at-tampines-moved-272-units-at-1280-psf-on-average\/","title":{"rendered":"Treasure at Tampines moved 272 units at $1,280 psf on average"},"content":{"rendered":"


\nA Sim Lian spokesman said the developer was heartened by sales to date for Treasure at Tampines, which is located in one of Singapore\u2019s fastest growing regional centres. (Photo: Sim Lian)
\nTreasure at Tampines sold 272 units at an average price of $1,280 psf during its launch weekend \u2013 or 56 percent of the 490 units released, and 12 percent of all 2,203 units, reported the Business Times.
\n\u201cWe are heartened by sales to date for Treasure at Tampines, which is exceptionally well-located in one of Singapore\u2019s fastest growing regional centres,\u201d said a Sim Lian spokesman.
\nSEE ALSO:\u00a0The complete guide to buying a new launch condo in Singapore
\n\u201cIt gives us the affirmation that projects with good location, great accessibility and competitive pricing will continue to be well-received.\u201d
\nConsidered \u201ccredible\u201d by experts, the project\u2019s performance is expected to be closely monitored by developers of upcoming mega launches such as Normanton Park and Amber Park.
\n\u201cIt\u2019s a very credible take-up rate in this market sentiment owing to its market price being sensitively placed. There were a lot of HDB upgraders keen to pick up a unit at Treasure,\u201d said PropNex CEO Ismail Gafoor.
\nERA, PropNex and OrangeTee & Tie are the marketing agencies for Singapore\u2019s biggest condo project.
\n\u201cFor any development that is well above 1,000 units, if the developer can sell anything above 10 percent to 15 percent (of the total number of units) it is considered as a credible performance after cooling measures,\u201d noted Ismail.
\nZACD Group executive director Nicholas Mak believes that Treasure at Tampines\u2019 launch will influence home prices within the area this year and the following year.
\nThe lesson for upcoming mega projects would be the importance of setting a competitive price.
\n\u201cThe price has to be reasonable relative to the location and product itself, and tenure,\u201d explained Mak.
\n\u201cWhat Sim Lian did for Treasure is the right strategy,\u201d he added, while noting that the development is attractively priced, given that units at the project are $100 to $150 above executive condominium units.
\nSet to be completed in 2023, Treasure at Tampines sits on the former site of Tampines Court and\u00a0 features 128 lifestyle and recreational amenities, such as 13 pools as well as a 24-hour indoor and outdoor gym.
\nThe 99-year leasehold project offers one- to five-bedroom units with sizes ranging between 463 sq ft and 1,722 sq ft.
\nIts sales launch was brought forward after its preview saw almost 7,000 visitors.
\nCan you afford a condo in Singapore? Check your\u00a0affordability\u00a0now.\u00a0Get more details on the\u00a0property market outlook for 2019
\n\u00a0
\nRomesh Navaratnarajah, Senior Editor at PropertyGuru, edited this story. To contact him about this or other stories, email\u00a0romesh@propertyguru.com.sg
\n
\nSource : proppertyguru.com.sg\/Property Market
\nRead more…Treasure at Tampines moved 272 units at ,280 psf on average<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

A Sim Lian spokesman said the developer was heartened by sales to date for Treasure...<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[1],"tags":[],"class_list":["post-105365","post","type-post","status-publish","format-standard","hentry","category-property-news"],"jetpack_featured_media_url":"","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-rpr","jetpack-related-posts":[{"id":104979,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/treasure-at-tampines-to-launch-at-an-average-price-of-1280-psf\/","url_meta":{"origin":105365,"position":0},"title":"Treasure at Tampines to launch at an average price of $1,280 psf","date":"March 14, 2019","format":false,"excerpt":"\r Artist\u2019s impression of Treasure at Tampines, an upcoming launch with 2,203 condo units. Singapore\u2019s largest condominium to date, Treasure at Tampines, will be launched for sale this Friday (15 Mar), with units carrying an average price of around $1,280 psf. Jointly developed by Sim Lian Holdings and Sim Lian\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":105221,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/treasure-at-tampines-sales-launch-brought-forward\/","url_meta":{"origin":105365,"position":1},"title":"Treasure at Tampines sales launch brought forward","date":"March 21, 2019","format":false,"excerpt":"\r Close to 7,000 people visited the project\u2019s sales gallery recently. With 2,203 units, the project is touted as Singapore\u2019s largest condo. (Photo: Sim Lian) Following a \u201cvery encouraging response\u201d at the launch preview, the developers of private condo Treasure at Tampines have brought forward the sales launch of the\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":107202,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/8-most-affordable-new-condos-for-hdb-upgraders\/","url_meta":{"origin":105365,"position":2},"title":"8 Most Affordable New Condos For HDB Upgraders","date":"May 17, 2019","format":false,"excerpt":"\r Despite higher ABSD rates, there are still options in the market that may yet keep your condo dream alive. In this article, we rounded up 8 new projects that hover around the $1,300 psf threshold.\u00a0 The introduction of last year\u2019s property cooling measures has no doubt hampered the housing\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.siamlandbank.com\/propertynews\/wp-content\/uploads\/2019\/05\/8-most-affordable-new-condos-for-hdb-upgraders4-e1558057671664.png?fit=900%2C259&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":64471,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/sim-lian-to-build-12-storey-condo-at-tampines-site\/","url_meta":{"origin":105365,"position":3},"title":"Sim Lian to build 12-storey condo at Tampines site","date":"August 24, 2017","format":false,"excerpt":"\r \u00a0 Sim Lian intends to develop a condominium project with over 2,000 units on the Tampines Court site, which it acquired for S$970 million, reported Business Times. This makes Tampines Court the biggest collective sale since 2007, when Farrer Court was sold for S$1.3388 billion. Exceeding the initial reserve\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":105121,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/close-to-7000-people-visited-treasure-at-tampines-showflat\/","url_meta":{"origin":105365,"position":4},"title":"Close to 7,000 people visited Treasure at Tampines showflat","date":"March 18, 2019","format":false,"excerpt":"\r The 2,203-unit Treasure at Tampines is touted as the biggest condominium to be launched in Singapore. Close to 7,000 visitors flocked to the showflat of Treasure at Tampines, which is touted as the biggest condominium to be launched in Singapore, reported Today Online. The 2,203-unit project, which was launched\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":20927,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/treasure-crest-ec-60-oversubscribed\/","url_meta":{"origin":105365,"position":5},"title":"Treasure Crest EC 60% oversubscribed","date":"July 8, 2016","format":false,"excerpt":"\r Prospective buyers viewing the model of Treasure Crest EC. Sim Lian Group has received 800 e-applications for its 504-unit Treasure Crest executive condominium (EC) project, making the development around 60 percent oversubscribed as of Thursday afternoon. A total of 3,000 people have visited the Treasure Crest sales gallery since\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/105365"}],"collection":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/comments?post=105365"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/105365\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=105365"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=105365"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=105365"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}