{"id":95475,"date":"2018-08-06T10:58:03","date_gmt":"2018-08-06T03:58:03","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/over-140-units-sold-at-the-tre-ver-in-just-hours\/"},"modified":"2018-08-06T11:03:00","modified_gmt":"2018-08-06T04:03:00","slug":"over-140-units-sold-at-the-tre-ver-in-just-hours","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/over-140-units-sold-at-the-tre-ver-in-just-hours\/","title":{"rendered":"Over 140 units sold at The Tre Ver in just hours"},"content":{"rendered":"


\nA crowd of buyers at the launch of The Tre Ver over the weekend. (Photo: UOL Group)
\nUOL and SingLand\u2019s move to offer substantial discounts to entice home buyers to The Tre Ver condominium amidst the new property curbs appears to have worked after a large crowd turned up to the project\u2019s official launch on Saturday (4 August).
\n\u201cWe saw a strong take-up of more than 140 units within our first three hours of launch, which is more than 70 percent of the 200 units released,\u201d said Jesline Goh, UOL\u2019s senior general manager for asset management and marketing.
\nShe noted that most of the buyers looking at the 99-year leasehold development in Potong Pasir comprised Singaporeans and those aspiring to own their first house.
\nExpected to be completed by 2022, the 729-unit condominium situated near Potong Pasir MRT station comprises one- to four-bedroom units spread across nine blocks. Unit sizes are between 484 sq ft and 1,378 sq ft, while prices range from $738,000 for a one-bedder and $2.08 million for a four-bedroom apartment.
\n\u201cWe are very pleased as the response is stronger than the Phase 1 launches for our previous projects such as Thomson Three, Principal Garden and Botanique at Bartley.\u201d
\n\u201cWe believe the buyers saw the strong value proposition of the product and the realistic pricing. Riding on this success, we are immediately releasing Phase 2, with more units offering dual view of the amenities and the river,\u201d Goh added.
\nMeanwhile, UOL Group\u2019s net profit jumped by 21 percent year-on-year to $132.67 million during the second quarter due to a 59 percent surge in revenue to $635.45 million, which is primarily attributed to its consolidation with UIC Group. In particular, revenue from its property development business rose 27 percent to $280.6 million.
\nHowever, UOL\u2019s Deputy Group CEO Liam Wee Sin expects the new property curbs to impact not only their business but the market at large. \u201cThe recent cooling measures will moderate both the sales take-up and prices for the rest of the year.\u201d
\nInterested in buying a new property? Check out our\u00a0step-by-step guide to buying a condo.
\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…Over 140 units sold at The Tre Ver in just hours<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

A crowd of buyers at the launch of The Tre Ver over the weekend. (Photo:...<\/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-95475","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-oPV","jetpack-related-posts":[{"id":91370,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/uol-to-launch-new-condo-after-good-sales-at-amber45\/","url_meta":{"origin":95475,"position":0},"title":"UOL to launch new condo after good sales at Amber45","date":"June 14, 2018","format":false,"excerpt":"\r Artist\u2019s impression of The Tre Ver, an upcoming condominium project in Potong Pasir. (Photo: UOL Group) UOL Group\u2019s freehold Amber45 condominium in District 15 continues to draw buyers, with about 65 percent of the 139 units already sold, up from 55 to 60 percent during the launch in mid-May,\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":94757,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/developer-cools-price-in-response-to-cooling-measures\/","url_meta":{"origin":95475,"position":1},"title":"Developer cools price in response to cooling measures","date":"July 26, 2018","format":false,"excerpt":"\r The Tre Ver in Potong Pasir opened for preview last weekend, attracting about 6,000 potential buyers. (Photo: UOL Group) The developer of The Tre Ver condominium in Potong Pasir plans to offer significant discounts to attract home buyers amidst the new property cooling measures. \u201cIn the vicinity, we know\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":96057,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/developers-slash-private-condo-prices-by-5-10\/","url_meta":{"origin":95475,"position":2},"title":"Developers slash private condo prices by 5-10%","date":"August 15, 2018","format":false,"excerpt":"\r A crowd of buyers at the recent launch of The Tre Ver in Potong Pasir. (Photo: UOL Group) Private condominiums launched before and after the introduction of new property curbs are trimming their unit prices by around 5.0 to 10 percent, reported TODAYonline. \u201cThe price sweeteners are there to\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":88067,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/80-of-units-released-at-amber45-sold-at-average-of-2200-psf\/","url_meta":{"origin":95475,"position":3},"title":"80% of units released at Amber45 sold at average of $2,200 psf","date":"May 14, 2018","format":false,"excerpt":"\r Artist\u2019s impression of the Amber 45 condominium at Amber Road. (Photo: UOL Group) UOL Group\u2019s Amber45 condominium at Amber Road was well-received by buyers, selling 80 percent or 80 of the 100 units released at an average price of about $2,200 psf at its launch last weekend (12-13 May).\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":93351,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/uol-groups-gwee-lian-kheng-to-retire-as-ceo\/","url_meta":{"origin":95475,"position":4},"title":"UOL Group\u2019s Gwee Lian Kheng to retire as CEO","date":"July 7, 2018","format":false,"excerpt":"\r UOL Group\u2019s total assets have grown to about $20 billion as at 31 March.\u00a0 UOL Group\u2019s board of directors is on the lookout for a new group chief executive as its current chief Gwee Lian Kheng is set to retire on 31 January 2019, after 45 years of service.\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":35120,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/uol-to-launch-new-projects-in-clementi-potong-pasir-in-next-two-years\/","url_meta":{"origin":95475,"position":5},"title":"UOL to launch new projects in Clementi, Potong Pasir in next two years","date":"November 21, 2016","format":false,"excerpt":"\r The Clement Canopy in Clementi is set to be launched in early 2017. (Photo: URA) Property developer UOL Group is planning to launch two new residential projects in Clementi and Potong Pasir over the next two years, reported Singapore Business Review, citing a report from OCBC Investment Research. The\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\/95475"}],"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=95475"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/95475\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=95475"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=95475"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=95475"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}