Treasure At Tampines price helped the Developer snapped up the Tampines Court for a whopping $970 million as Singapore’s collective sales market continues.
This development is among the mega-deals for a former Housing & Urban Development property company in a span of over 10-years since 2007.
Units on offer
The 560-unit property along Tampines Street 11, went on the market in March following two past failed attempts for a collective sale.
The prices for this privatised property comes to around $676 psf (per sq ft) per plot ratio. Every owner is bound to between $1.71 million to $1.75 million.
The Realty Industry watchers are for the idea that the 702,164 Treasure at Tampines psf site might possibly build the project to about 2,000 – 2,100 units – or up to 2,600 units, should the developer wish to maximise the entire site.
The developer has a window of about 5- years to build and sell off all the units, should they wish to avoid paying for additional home buyer’s stamp duty on that land price.
Today, there’s no new scheduled launch for the condominiums development project to be set up in the locality of Tampines Court.
The breakeven estimated, (Formerly the Tampines Court) the Treasure at Tampines psf price for this project might be about $1,200 psf to $1,400 psf.
Even with the recent abrupt cooling measures imposed, several sales were still being witnesses at several developments. However, this has given many developers the confidence of sentiments of the market and the buying power of prospective buyers remains healthy.