A top-selling residential project in 2019 with 874 units sold last year, is Treasure At Tampines still worth a look? Or is it all just hype by developer? Let’s dissect and discover in detail if this project is worth your hard-earned money.
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Brief Facts
| Project Name | Treasure At Tampines 聚宝园 |
| Address | Tampines Lane |
| Developer | Sim Lian (Treasure) Pte Ltd. Co.Reg. No. 201715971Z |
| Tenure | 99 Years Leasehold |
| District | 18 |
| Site Area | Approx. 60,283.84sqm | 648,889sqft |
| No. of Units | 2,203 |
| Estimated TOP | 31 Dec 2023 |
| Description | 29 blocks of 12-storey condominium development(Full residential) comprising of basement carpark, communal facilities and swimming pool on lot 04|96A MK28 at Tampines Street II |
| Car Park Facility | 1,754 Basement car park lots；24 Open-to-sky surface car park lots；11 Handicap lots |
Pricing & Buyers
With the main bulk of buyers from SG citizens and Permanent Residents from a good mix of Private and HDB upgraders, you can be sure that the prices will not be in for wild fluctuations as mainly most people are buying for their own-stay/invesment.
Note: Based on developer’s monthly submission to URA
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Pricing Summary: With an average price of $1378 PSF at Treasure, this is one of the most affordable price point for a Brand new Private property in the whole of Singapore. Comparing to Parc Botannia located in Sengkang West for example, Treasure At Tampines with it’s higher Land cost but lower selling price presents a better value here.
“The dowside risk is limited and Prospective buyers can look forward to potential capital appreciation and rentability of the units upon completion”
Comparison vs Executive Condo
With new Executive Condominium prices eg. OLA in Anchorvale, Sengkang already breaching the $1200 PSF mark, Treasure At Tampines selling at just a little bit higher $13XX PSF had shown that developer is willing to take a lower profit margin at the moment.
It can be summarized as Buying close to EC prices without EC restrictions. The only other brand new project that’s on sale in District 18 Tampines, The Tapestry which has much lesser choice units available (over 70% sold at avg of $1350PSF) as it was launched way earlier than Treasure.
Pricing: ⭐⭐⭐
“Downside risk limited and low, potential upside in a regional planning area high, limited stocks in district 18, low entry price. “
Location
First and foremost, we recognize the convenience of staying in a mature estate. The amenities are mostly near, there will be better infrastructure like good schools, sports hubs, community clubs and so on. But what caught our eye was not the existing amenities. It’s about the potential of Tampines which is specified as a Growth hub by the government.
Treasure at Tampines is near not just one, but four MRT stations – Tampines, Tampines West, Tampines East and Simei – which are each situated within a 10- to 15-minute walk away. It is also near major business parks and industrial estates such as Changi Business Park, Pasir Ris Wafer Fab Park and Loyang/Changi Industrial Estate.
The MRT effect is REAL, during downtimes, all property would definitely get affected, prices and valuations have downward pressure. However, properties nearer to MRT stations tend to drop lesser in value and some even hold their value. During Good times, these projects nearer tend to appreciate more in the same time frame comparing to the further projects.
Connectivity-wise we believe it dosen’t need much explanation. Walking distance to Tampines Regional Centre, where there are malls and MRT stations and bus interchange, island-wide connection via 5 MRT stations that run along EAST-WEST and Downtown lines. You can enjoy a direct drive to Changi Airport without stopping for any traffic light!
Location Rating : ⭐⭐⭐
“Mature Estate, Regional Centre in the East, 3rd most populated Town in Singapore, excellent connectivity”
Facilities & Environment
Condominium owners are concerned with the common areas that they can enjoy in right? Namely the function rooms for celebrations and gatherings, gym and pool to keep fit and exercise, not forgetting BBQ pits.
In Treasure at Tampines, there are so many facilities that we thought we’d show you the pictures instead of putting it into words. We’ll just list out the ones that catches our eye the most.
- HUGE Clubhouse (9 Function Rooms)
- 24 Hrs. Gymnasium (Approx. 240sqm)
- 13 Swim Pools
- 12 BBQ Pits & 8 Gourmet Dining
- 128 Facilities
- 1 Year Free Shuttle Bus to MRT station and Changi Airport
Maintenance fee
“Wah so many facilities, so maintenance must be high lor!” Initially, we also thought that, after finding out in detail, it’s actually not so. For a 2 and 3 bedrooms unit, maintenance is $180 to $198, for a 5 bedroom unit it is only $240 to $264!!!
Facilities & Maintenance : ⭐⭐⭐
“Spoilt for choices, a 24 hour Gym, 13 pools, 9 function rooms and 1 year FREE shuttle bus, 60% of land is landscaping and greenery and best of all, LOW maintenance fee!”
Summary
Pricing: ⭐⭐⭐
Location: ⭐⭐⭐
Facilities & Maintenance : ⭐⭐⭐
Treasure at Tampines presents a very high Value for low entry price, protecting your downside risks at the same time. We would recommend this Project for investors and upgraders alike. For more in-depth info and e-brochure, pricing and which specific unit are our STAR-BUYS, current discounts please contact us via the form below.