A condo with 2,203 apartment or condos in Tampines Street 11, which its developer Sim Lian Group has actually proclaimed as Singapore’s largest, held its sneak peek launch yesterday. Treasure At Tampines eclipses the 1,715-unit d’Leedon in Farrer Road.
Its very first sales launch is expected to take place by end-March, which is not long after that of The Florence Residences, a 1,410-unit development in Hougang Opportunity 2 which had its initial sales earlier this month. Sim Lian, nevertheless, decreased to disclose the amount of homes will certainly be released at the initial sales launch.
The condominium, which stands on the site of the former Tampines Court HUDC estate, is among a handful of huge jobs that are slated to be launched this year. To be priced at about $1,280 per sq ft, the 99-year leasehold Treasure At Tampines is expected to get its short-lived profession license by 2023.
The collective sale site was obtained by Sim Lian for $970 million in 2017, which was then the most significant collective sale in a years. The site covers concerning 650,000 sq ft – or regarding 11 football areas – with one-to five-bedroom houses that range in dimension from 463 sq ft to 1,722 sq ft.
Mr Kuik Sing Beng, executive supervisor of Sim Lian Group, pointed out the development’s closeness to Changi Airport and Changi Business Park while Orange Tee & Connection, a co-marketing agent of the development, anticipates the “attractive entrance rate” and also monthly maintenance costs, which start at $150, to draw customers.
Additionally, 60 percent of the site has actually been set aside for landscape design and facilities, stated Orange Tee & Connection’s managing supervisor Steven Tan.