7,000 people interested in Treasure at Tampines attend sales gallery on first weekend

The sales gallery of Treasure At Tampines attracted a crowd of about 7000 people join in since the open to the public. Sim Lian spokeswoman said that it is no surprise that why Treasure at Tampines had attract such an attandance. She added that the developer had decided to bring forward the sales launch will take place earlier than the initially plan thanks to the encouraging people.

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Treasure At Tampines Condo has been the largest private condominium development so far. With 2203 residential units and the site area spanning 11 football fields, the development comprises of 29 blocks in 12-storey high. The condominium is developed jointly by Sim Lian Holdings and Sim Lian Group. The condo has the average selling price is about $1280 psf.

Steven Tan, managing director of OrangeTee & Tie, which is jointly marketing the condo with ERA Realty Network and PropNex said that becaused of the attractive indicative selling prices, potential home buyers and investors were buoyed and attend the showflat of Treasure At Tampines for the preview as expected. They were really encouraged to have 7000 visitors over the last three days. This illustrated that customers can identify with the value proposition of the residential project.

He added that Treasure At Tampines Residences has the convenient location which is near Tampines Central, along with an established transport system and workforce in the area, Tan was confident that sales would be "positive". Because of the scale of the development with 2203 residential units and 128 condo facilities, the maintenance cost for future residents would be low.

Alvin Tan, PropNex executive director and head of project marketing said that people who are interested in the development mainly from citizens living in the East, which are Chai Chee and Bedok area. The following biggest groups had been residents living in the North like Sembawang and Yishun, as well as those in Northeast, specifically the Punggol-Sengkang area.

Treasure at Tampines is a redevelopment of the former 560-units, privatised HUDC estate, Tampines Court. The developer, Sim Lian had bought the site land as a whole in August 2017 for $970 million, which was $676 psf per plot ratio.

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