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Treasure at Tampines mega-condo sells 272 units on launch

Treasure at Tampines mega-condo sells 272 units on launch

By Hamish McDougall

The largest condo ever undertaken in Singapore, Treasure at Tampines, had a stellar opening weekend with 272 units sold out of 490 released for sale. It’s a solid performance in the rebounding Singapore property market, and outshines the launch of the Florence Residences earlier in the month, which achieved 60 units sold out of 200 released.

A big start in life for Singapore’s largest ever condo

The strong demand for Treasure at Tampines saw 56% of released units sold at an average of $1,280 psf – which could buoy ongoing sales for the mega condo as further stacks are released ahead of scheduled completion (TOP) in December 2023.

We are heartened by sales to date for Treasure at Tampines, which is exceptionally well-located in one of Singapore’s fastest-growing regional centres.

Sim Lian spokesman

With the ABSD five-year timeline ticking as of August 2017, developer Sim Lian will be looking to move this unprecedented volume of inventory before the 15% tax takes effect.

The Treasure at Tampines development comprises 2,203 units total on a site spanning 648,889 sqf. The inventory spans one-bedroom units from $642,000 through to five-bedroom units at $1,886,000.

For any development that is well above 1,000 units, if the developer can sell anything above 10 per cent to 15 per cent (of the total number of units) it is considered as a credible performance after cooling measures.

Ismail Gafoor, chief executive, PropNex
Treasure at Tampines condo

Treasure at Tampines launch project details

The development spans 29 blocks with up to 12 storeys each, and units range from 463 sqf through to 1,722 for the largest five bedder.

Any condo on this scale is always going to come with a wealth of facilities, and Treasure at Tampines doesn’t disappoint, with no less than six pools, nine function rooms, a trampoline courtyard, and a jogging trail to take it all in.

The Treasure at Tampines launch siteplan

More on the Treasure at Tampines project

Deep dive into this extraordinary development with the Boulevard brief on:

View listings for Treasure at Tampines on Boulevard:

And check out all the other Tampines area condo developments for a bit of D18 context.

Where to now?

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