Treasure at Tampines is a signature condominium residential development project that is located in Tampines near the Eastern Region of the island. As of today, Treasure at Tampines is the top selling project in 2019 & 2020. It has sold over 50% (1200 units) in less than a year. It will have over 2,000 units and its set to be the largest condominium project in Singapore. Having been strategically located near two express highways the Tampines Street 11 and Pan Island Expressway (PIE), it makes it highly accessible from many locations including the CBD and its only 5 minutes’ drive to the world renowned Changi airport.

The developers of Treasure at Tampines project are Sim Lian Group and Sim Lian Holdings Limited. The project occupies a total area of approximately 648,889 square feet and it will have a total of 2,203 units. The units will be of different sizes ranging from 1, 2, 3, 4, and 5 bedrooms. 

The development will comprise of 29 blocks and each comes with varying units and sizes per floor. If you are looking for a place that can offer you both luxury and privacy, then Treasure at Tampines development should top your list. It’s conveniently located just 600 meters away from Simei MRT Station which means future residents in this development will have easy access and connectivity. Besides, residents of Treasure at Tampines will also enjoy a full one-year complimentary shuttle service that will help them to easily connect to Tampines MRT and also to nearby Changi Airport.

If you prefer driving, Treasure at Tampines is strategically located just a 25-minute drive to the popular Orchard shopping belt and the CBD. One can use the Pan Island Expressway to connect to the Tampines Expressway. Other convenient roads that one can use while driving are the East Coast Parkway and Kallang Paya Lebar Expressway.

EastPoint Mall is just a walking distance from Treasure at Tampines around 600metres which takes about 8 mins. This is where residents will do all their shopping from and it’s just adjacent to Simei MRT Station. For those who would like to shop at Tampines Town Centre, there will be standby bus services at this development that carry residents to the town center to shop in other malls such as Tampines Mall, Tampines Ones among others.

As I had earlier stated, Treasure at Tampines residential development project is being undertaken by Sim Lian Group and Sim Lian Holdings Limited. But who are these developers undertaking the project?

Developer

Sim Lian Group Limited is one of the most popular construction company in Singapore. It has built many notable projects thanks to their vast experience in real estate development which spans to over 40 years. For five consecutive years, Sim Lian Group Limited has been recognized and ranked among the top 100 brands in Singapore.

Sim Lian Group Limited acquired Tampines Court in 2017 and it’s in the same land where the former 560-unit HUDC development is located. Working with such an established developer is a guarantee that the project will be delivered on time.

Sim Lian Group Portfolio

Design

A closer look at the interior view of this magnificent residential condo development paints for you a picture redefined luxury. All the housing fittings are stylish and the latest designs which are all sourced from quality brands such as Electrolux and Hansgrohe.

All the balcony and bedroom windows are tinted and the bathroom windows fitted with frosted glass for maximum privacy. Air-conditioning services will also be provided as well as Fibre Optics Terminal Points.

One of the selling point of the development that appeals to many buyers are the huge room sizes. The developer understand how important this is to appeal to one of their targeted cliente which is the upgraders. The room sizes on average is 9-15 sqm depending on unit types and these are not your typical condo sizes which usually average around 7-10 sqm

Despite the 130 facilities ranging from 24hour gym, 3 olympic size swimming pool, numerous outdoor dining , co-working space, etc , the maintainece fee is very affordable with 1 bedroom from $150 to 3 bedrooms averaging less than $200. This is in fact even cheaper than staying in a HDB for a family who needs to pay for season parking and conservation fees to the town council and yet do not enjoy any of these facilities.

Unique features and facilities that the residents of Treasure at Tampines will enjoy include;

  • Spa Pool
  • 24-hours Gymnasium
  • Aqua aerobic pools
  • Trampoline courtyard
  • A pet zone
  • Halls for hosting meetings
  • Kid’s playgrounds and water play feature
  • Clubhouse exclusive for members with security card access
  • All units are fitted with smart technology such as digital rocks
  • Car parks available
  • Smart community digital app for all digital bookings and updates

 

Schools

When it comes to education concerns for families with school-going children, Treasure at Tampines is conveniently located near both private and public schools. Some of the highly-rated schools include;

Preschool

  • Iman Kindergarten
  • PCF Sparkletots Preschools (in different locations)
  • Soka Kindergarten             
  • Church of Holy Trinity Kindergarten

Primary Schools

  • Tampines Primary School
  • Yumin Primary School
  • Angsana Primary School
  • Saint Hilda’s Primary School
  • East View Primary School
  • Chongzheng Primary School
  • Tampines North Primary School

Secondary Schools

  • Tampines Secondary School
  • Pasir Ris Secondary School
  • Saint Anthony’s Canossian Secondary School
  • Saint Hilda’s Secondary School
  • Anglican High School
  • Ngee Ann Secondary School
  • East Spring Secondary School
  • Changkat Changi Secondary School
  • Dunman Secondary School

Colleges and Universities

  • Tampines Junior College
  • Singapore University of Technology and Design
  • Temasek Polytechnic

International Schools

  • One World International School

Treasure at Tampines and Nature

Residents of Treasure at Tampines will also have a chance to experience and interact with nature. Some of the natural areas where residents can spend their time with family and friends include;

  • The Bukit Timah Nature Reserve
  • MacRitchie Reservoir
  • Tampines Eco Green Park
  • Tampines biking trails
  • Quarry Park

Tampines is surely a vibrant and growing region and getting yourself a unit in this magnificent Treasure at Tampines residential development will uplift your lifestyle and make your life more enjoyable.  It’s a cool place to live and work.

Supply & Demand

I know this is a common question that you could be asking yourself. But did you know that Tampines is growing rapidly and has a vibrant economy that is ideal for a commercial hub? For job seekers, Tampines will provide you with a lot of job opportunities as most companies and financial institutions are located within Tampines area. Tampines is a regional centre and not many are aware that one of the requirement of a regional centre is that it has at least 800,000 people living under the constituency. Having almost 1/5 of singapore population, there is yet less than 10 condos in the whole of Tampines to serve the demands of upgraders and new families.

Less than 10 condos in highly populated Tampines and its also the nearest to MRT

Most investors and homebuyers got distracted on the much hype up transformation of the Greater southern waterfront but many forgot that Changi is another big transformation with upcoming terminal 5, Jewel, changi business park, etc with more than 10,000 new jobs expected . There is a huge supply gap in time to come and I’m personally very excited on the potential of this transformation.

The iconic Jewel at Changi and Changi transformation

Breakdown Analysis

There are many reason why this is the best selling project of 2019. Treasure at Tampines is also most affordable project among the 52 new launches, the developer are almost selling at EC price with units starting from only $1050/psf. Other appeal like large room sizes, low maintenance fee, walking distance to mrt, close proximity to the Changi transformation. The most important question is how would it perform?

If there’s any project that we can fairly reference, High park residence at fernvale would be a good reference as it shares many similar attributes.

HPR high park residence location

High park residence was also the most affordable project back in 2015 during the last property cycle. Its inconveniently located right behind jalan kayu eateries stretch and has only a LRT station that is many stops away from SENGKANG MRT. It also comprise of 1390 units , a very huge development.

 

Performance of High park residence at fernvale

With 148 profitable transections and not a single negative transection, we can see a average of 5% annualised capital appreciation in a short span of 4 years. Many must be puzzle on the strong performance despite its location, let me break it down for you from my research. High park is also the most affordable resale brand new condo when it is ready in 2019. Many buyers first consideration is price and this is a huge selling point. It’s huge development with a substantial units also help to drive up the price. There is a huge demand and yet lack of supply in the Fernvale area with mainly upgraders and young families who are first time buyers. To sum it up, there is also a transected of 362 rental done in less than a year in high park, it has definitely benefited from the nearby seletar transformation which has many big aviation companies like BOEING, etc

Conclusion

In summary, we do see a lot of similarities between High park residence and Treasure at Tampines. I also foresee the potential of transformation in Changi which will result in huge demand will no doubt help with the performance and I guess that’s also the reason why it’s the best selling project of 2019.

Selling point

-Almost EC price

-Huge tranformation and demand upcoming

-Low maintenace fee

-Huge room sizes

-Huge potential upside

Concerns

-Not for buyers who prefer exclusiveness

-Units facing the expressway has noise concern

Get in touch with us to understand more about the project and unit selection

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