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10 Reasons Why Treasure At Tampines Is Highly Sought After By Both HDB Upgraders And Investors

Updated: Jul 26, 2020

Tampines is a town close to my heart, having attended school there at one point in my life. I have witnessed first-hand the tremendous changes in its landscape. Today, Tampines town is a bustling regional hub, packed with malls, office complexes and recreational facilities.


In today’s article, I hope to share with you a ‘hidden treasure’ that some of you may not be aware of! It is a new launch project that is highly sought-after by HDB upgraders and investors alike. It is none other than Treasure At Tampines.

10 Reasons Why Treasure At Tampines Is Highly Sought After By Both HDB Upgraders And Investors

Did you know that more than 100 units in Treasure at Tampines were sold through virtual viewing during the Circuit Breaker period?


While it seems surreal that buyers will be buying big-ticket items without viewing the showflat physically, many are seizing the opportunity to grab the best deals they can find in the new launch market especially now with the low bank interest rate.


10 Reasons Why Treasure At Tampines Is Highly Sought After By HDB Upgraders And Investors
Treasure At Tampines remains the Number 1 Top Selling Project in June 2020

The figures are increasing as I type! Infact, Treasure at Tampines remains the Champion Top selling project in the month of June! So, what exactly makes Treasure At Tampines so desirable?

Let’s take a closer look and find out why Treasure at Tampines has stolen the hearts of so many HDB upgraders and investors.


1. Scarcity Of Private Condos in Tampines


The popularity of new condominiums in Tampines has seen an exponential growth over the last decade ever since Waterview (along Tampines Avenue 1) was first launched in November 2010. Since then, a few more condominiums have been launched along that same stretch, starting with Q Bay Residences, The Santorini, Alps Residences, and The Tapestry.


These projects were well-received and most of them have already been snapped up by buyers. Property developer Sim Lian Group distinctly saw this strong demand and the scarcity of new units available for sale.


Furthermore, none of the earlier private condos was close to an MRT station or near amenities. The overwhelming response was a message to developers, causing them to realise that there will be a huge demand for the site of Treasure At Tampines which is just next to Tampines Round Market.


This was because there were no other condos built in that vicinity which could cater to the population of HDB upgraders.

10 Reasons Why Treasure At Tampines Is Highly Sought After By HDB Upgraders And Investors
Its indeed a Treasure! There are no other condominiums around the vicinity of Treasure at Tampines

As Tampines is a matured heartland estate, there are lots of HDB dwellers that have been living in their home for decades and wish to upgrade into a private property, but do not wish to leave their neighbourhood.


10 Reasons Why Treasure At Tampines Is Highly Sought After By HDB Upgraders And Investors
Surrounded by Amenities and within walking distance to Simei MRT station

When they saw Treasure At Tampines being launched, they immediately jumped at the chance. This could also be the reason why the developer was confident enough to build 2203 units of different unit mix to cater for HDB upgraders as well as investors.



2. Reputable Developer


Sim Lian Group has been reputed for its outstanding track records in developing and constructing quality homes for more than 40 years.


Sim Lian Group is both the developer and construction contractor for Treasure at Tampines. This allowed them to ensure a consistently high standard of construction work and maximum control over the project development without paying a higher premium.

Sim Lian has also channelled this cost savings directly to the buyer by pricing it low. With the right entry price, buyers will be able to exit when the need arises later. They will not be stuck with a property that cannot be efficiently sold off.



3. Low Entry Price


Comparing all available new launches, Treasure at Tampines is priced competitively and is the most affordable amongst other new launches. This provided a chance for HDB owners to upgrade their homes and avid investors to enter the market at the most affordable entry price.


The site where Treasure At Tampines resides is purchased at one of the lowest prices among private residential plots. This site is bought by Sim Lian Group at a price of $665 psf ppr. This is only about $90 psf ppr higher than an upcoming Executive Condominium site along Tampines Ave 10, which is acquired at $576 psf ppr.


10 Reasons Why Treasure At Tampines Is Highly Sought After By HDB Upgraders And Investors
The price of Treasure At Tampines is marginally close to an EC, yet it does not entail the restrictions of an EC.

As such, this land cost is very close to that of an Executive Condominium site, which is subsidised by the government.

Comparing with another new launch, the selling price of Treasure At Tampines is starting at only $1107 psf. This pricing is very close to an Executive Condominium unit at OLA, selling at $1092 psf.

Moreover, the latest completed development - My Manhatten, which is also near the Simei MRT station has already hit a market price of $1528 psf (in August 2018), for a low floor unit of 441 sf unit. However, the smaller unit of Treasure At Tampines is only going at about $1400 psf for the highest floor.



What's more? The price of Treasure At Tampines is marginally close to an Executive Condominium, yet it does not entail the restrictions of an Executive Condominium.


Hence, investors are able to rent out their units upon collection of keys, without having to wait for a 5-year Minimum Occupation Period (MOP).


In addition, it can also be sold at anytime when the desired capital appreciation is achieved.


With this attractive low entry price, the possibility of its value falling is very unlikely. This paired with all the other factors gives Treasure At Tampines a high chance of appreciation, which is an important factor to consider when buying a property. Hence, it doesn’t just make for a great stay but also functions as a key investment item.


What’s better than living in a dream home is when the dream home is also a gold mine.


4. Extremely Spacious and Functional Layout


Many buyers lament about the small unit size of new launch condos, which could be off-putting to HDB upgraders although they might actually desire to. But Treasure at Tampines offers spacious units up to 1722 sqft!


This is a rare find given that space is limited in Singapore nowadays and a lot of homes are compact. It is very feasible even for 3 generations to stay together, which is great as it promotes family bonding and increased interactions among the family unit.

Spacious Master Bedroom that fits King sized bed and ample space for other furnitures