treasureattampines

[treasureattampines]

Sim Lian plans over 2,000 units at Tampines site

SIM Lian plans to develop a condo with more than 2,000 units on the Tampines Court site which has been awarded to it for S$970 million. At S$970 million, this is the secondlargest collective sale in dollar quantum after Farrer Court, which went for S$1.3388 billion back in 2007. The yeartodate tally is the best showing since 2007, when S$11.52 billion of collective sales were done. JLL’s figures cover collective sales across all property sectors. Huttons Asia brokered the collective sale of Tampines Court, which is near Simei MRT Station. The tender closed on Aug 15 and was awarded on Tuesday night.

The property agency’s head of investment sales, Terence Lian, estimates that the S$970 million price translates to S$676 per square foot per plot ratio inclusive of an estimated S$359 million that Sim Lian will have to pay to the state for differential premium and lease upgrading premium for topping up the site’s lease to 99 years from the current balance lease term of 69 years.

The differential premium is payable for enhancing the intensity of the site to a gross plot ratio of 2.8. The S$970 million price achieved for Tampines Court exceeds the reserve price of S$952 million in the collective sale agreement inked by the majority owners of the privatised Housing and Urban Development Company estate. Owners controlling about 83 per cent of Tampines Court’s share value and strata area have agreed to the sale so far.

The development comprises 560 units with sizes of between 1,658 sq ft and 1,733 sq ft across 14 blocks. Owners will receive sums ranging from S$1.71 million to S$1.75 million per unit. Tampines Court is on a 702,164sqft sprawling site. Based on the site’s 2.8 plot ratio under the Urban Redevelopment Authority’s Master Plan 2014, the site can accommodate a maximum gross floor area of nearly 1.97 million sq ft. Ken Kuik, managing director of Sim Lian Holdings, said Tampines, a soughtafter mature estate, is set to become more exciting with the expansion of Changi Airport.

“This, combined with the fact that new MRT stations are coming up in the Tampines area, will attract more residential property buyers as well as enhance the investment proposition for the area,” he added. The group is making the acquisition through Sim Lian , a joint venture between Sim Lian Development and Sim Lian Land. The group will also handle the project’s construction. “We’re looking at a 12storey project with easily over 2,000 units, ranging from onebedders to four or even fivebedders,” said Mr Kuik.

The group does not have any undeveloped residential land bank in Singapore. It has developed a range of housing projects in Tampines The Premiere and Centrale 8 DBSS projects for the Housing & Development Board, The Tampines Trilliant executive condo development and Waterview, a private condo. A market watcher estimated that after factoring in an anticipated hike in DC rates come Sept 1, 2017 and other costs, Sim Lian’s breakeven cost could be around S$1,200 psf. The collective sale will be subject to approval by the Strata Titles Board and if necessary the High Court unless unanimous approval from owners is obtained.

The property and construction group will have to finish developing the new project on the site and selling all of its units within five years from the collective sale order granted by the STB or the court as part of the conditions for upfront remission of the 15 per cent additional buyer’s stamp duty on the land price. This is the third attempt at a collective sale at Tampines Court. The maiden effort for S$405 million was dismissed by the STB in 2008. A second attempt in 2011 failed to garner the required consent level from owners, according to earlier articles.

Check Over Here- Sim Lian plans over 2,000 units at Tampines site

[treasureattampines]

More Times Subscribed Treasure Crest by Sim Lian Group Amongst the Most Competitively Priced Executive Condominiums

Singapore, July 13, 2016 Mainboard listed Sim Lian Group Limited today announced that the average price for Treasure Crest is S$742 psf, making it amongst the most competitively priced executive condominiums currently available in the market today. Prices start from S$649,000 for a three-bedroom unit.

Successful e-applicants are required to drop their ballot tickets from 10am to 11am at the sales gallery to establish their queue position to book a unit. Members of the public without e-applications may book a unit from 4pm onwards, on a first-come-first-serve basis. A second-timer quota of 30% for the units applies and will be lifted on 16 August 2016.

The 504-unit development is more than 113 per cent oversubscribed, having received a total of 1,077 e-applications within the 10-day e-application period which ended on 10 July 2016. More than 4,000 people visited the sales gallery over the same period with more interested parties continuing to make visits ahead of the booking day this Saturday.

Strong positive response to Treasure Crest has been attributed to the development’s attractive pricing, ideal location, as well as the spacious layout of its efficiently designed units. This is based on feedback provided by visitors to the sales gallery and e-applicants. The master bedroom of all unit types can comfortably fit a king-sized bed and the other bedrooms have sufficient space for queen-sized beds.

The larger units, namely, the three-bedroom premium and four-bedroom units remain the more popular choice amongst potential homebuyers, who are a balanced mix of both first-timers and HDB upgraders. First-timers, including those applying under the Fiancé/Fiancée Scheme, accounted for approximately 48 per cent of the 1,077 e-applicants. The rest of the e-applicants were HDB upgraders. Majority of these applicants are currently residing in the North-East region of Singapore, specifically, Punggol, Sengkang and Hougang.

Located in the thriving Sengkang New Town, Treasure Crest is well connected and in close proximity to key transportation nodes, shopping and lifestyle conveniences, reputable schools and nature attractions. It is a short walk away from the key transportation nodes such as Cheng Lim LRT Station, Sengkang MRT Station and Sengkang Bus Interchange, and is close to TPE with easy connections to KPE, CTE and SLE, providing seamless access to other parts of the island.

Scheduled to receive its Temporary Occupation Permit by 2019, the 99-year leasehold development features a total of 504 units 84 three-bedroom units, 364 three-bedroom premium units and 56 four-bedroom units across eight residential blocks of 15 storeys each. The spacious units range from 958 to 1,345 square feet in size, and have been designed to meet families’ need for ample space to live in and grow.

Treasure Crest is the second executive condominium launched by Sim Lian Group this year following the introduction of Wandervale in February. Located at Choa Chu Kang Ave 3, Wandervale also saw strong uptake with 75 per cent sold to date.

For More Information-More Than 2.1 Times Subscribed Treasure Crest by Sim Lian Group

[treasureattampines]

About Us

Sim Lian Group, a reputable property development, and construction company in Singapore is gearing up to introduce the treasure at Tampines that will see construction of over 2000 condos. The Treasure at Tampines (Former Tampines Court), was acquired at S$970 million, making it the second best deal after the sale of Farrer Court that attracted S$1.3388 billion in 2007.  Tampines is among the largest densely populated residential areas across Singapore with lots of advantages. The fact that it continues to grow is enough reason why most buyers all over the island choose to make this place their home. Treasure at Tampines offers you a reliable connection to all the parts of the town and other parts of Singapore makes it exceptional.

Address:

118 Tampines Street 11 Singapore 520118

Phone No:

+6531386787

[treasureattampines]

Savvy tips for buying a house

Living in condo is one of the newest trends Nowadays. There are lots of persons who have prefer to are in a property due to convenience it offers in people.

Today, there are lots of house products that are offered out in the market because the increasing demands of all people. As you choose as your home you are welcoming changes in your lifestyle condo. You are embracing the modernity of the global world. Yet of course certainly not all condo products are suitable for you especially with your lifestyle. It is important to choose something that will fit your taste and lifestyle perfectly. Even though there are lots of them, it shall be a little harder on your part to pick the right one. So here are some of the principles that you can use in order to have the right Miami condo to suit your needs.

Location

Position is one of the crucial things to consider when shopping for a good condo. It must be located to those significant organizations like your business office, malls, church along with facilities that will choose your stay comfortable. You really sure that you are choosing the right location as outlined by your plans and you are going to use the property. If you are going to use the house as your vacation residence, then it will be preferable to choose the one that is definitely surrounded by different fun facilities or these in front of the beach. This would add to your fun and pleasure as you stay with that.

Price

The next important things that you need to consider is a price of the New mexico condo. There are lots of condo properties that are out there with each one of them has distinct prices. To steer clear of financial problem in the upcoming, you have to select the one that is fitted to your finances. Now there are economic institutions that offer mortgage loans that will help you on buying the Miami property that you like. It is important that you have to compare the interest terms and rates that these institutions offer. You must choose the one that supplies the lower rate in order to avoid severe headaches in make payment on mortgage.

Facilities

Each one of these Miami condo differs with the services and facilities. In buying some condo it will be considerably better if you are going to check first of all the different features and service that it readily available like the furniture and fixtures, appliances, range of rooms and so on. You have to know the different services that are being offered such as laundry also, maintenance, security and repairs. Through you can be sure that you are comfortable and harmless as you start sticking to the Treasure for Tampines.

Determine Your finances

Deciding how much to spend on the new home depends on your other bills largely, and salary. It's best to sit down and consider all of the costs you'll have in your brand-new home. Apart from the mortgage costs there will be your utilities, pleasure, etc . A popular pattern in condos which might be more modern spaces can be finding green properties. More people are aiming to preserve strength, and green complexes have a tendency to offer solar panels, successful appliances, and various other green living concepts that assist in protecting energy. If interested in finding green buildings you might have to budget for a little more cost, because they are likely to be a good bit more pricey as a result of technology involved, your monthly utility costs may be lower however. Last but in no way least budget for costs for service repair, this is a nominal usually, yet regular cost, nevertheless element of living in a complex.

Acquire Pre-Approved

Getting pre-approved is usually an easy and quick process that can be done mostly over the phone. Should you previously work with some specific bank phone them up and express interest in experiencing their interest rates to get mortgages on apartments for sale. Try contacting major mortgage creditors as well, if you want to find the lowest rates likely. When you have a good very good interest rate offer, just apply. The paper work can be completed by fax. Pre-approval is some decent step to take just before even starting to check out condos because when you find one someone buy can close much quicker. When you are pre-approved, an offer can be made on the accepted place before anyone else is able to take it from under you, or enter into a good bidding war.

What / things You Like About Modern day Spaces?

There happen to be a complete lot of amenities to choose from when buying a condo, in the more modern spaces especially. Amenities like security, dedicated parking, fun, health clubs, social actions, and pools are getting to be more popular. Modern spaces with a complete lot of room and efficient appliances are often in high demand as well. Just before deciding to buy a certain house, take the right time to look at several so you can identify the features you want, or maybe do not want.

Building An Offer

That you have found the place you want Now, you need to make a great offer. This should be easy because of the pre-approval from above relatively. Chances are the price tag is going to be some little higher than what they are happy to recognize, so bear that in mind. From here it can be raised by the owner as part of negotiations, but in this way the price isn't lacking to turn them removed from the beginning, and the final end price will be fair for both parties.

Contact Us:

https://www.treasureattampines.com.sg

Location Map

[treasureattampines]

Home Tips

Investing in real estate is all about capital growth usually, thus choosing a home that is certainly more likely to increase in benefit is the most crucial decision you will make, so buying at the right price is critical absolutely.

Unlike buying shares where the value of an ongoing company is transparent, real estate is somewhat more difficult to price, that nonetheless provides you with opportunities to acquire an advantage below its genuine market value if you are sufferer and knowledgeable. The main element for you is to research before you buy, work out what almost everything is selling to get in and about the location and then you’ll explore that soon youll become very good for working out what a house is worth – you are getting to know a good deal when you see it. Never consider purchasing real estate in an certain area that you are unfamiliar with, particularly when you are approached by real estate spruikers marketing offshore or interstate properties, many of these true real estate marketing online businesses are paid very high commissions resulting in the price of the house being hugely overpriced. If you do discover a property that you like and therefore are unsure of it is real value we would suggest calling you or one more loan company so you can arrange for motivated worth to be completed on behalf of a loan provider and once you are choose this information you can generally use this as a very good negotiating tool.

It is likely you aren’t mindful yet lenders and mortgage loan insurers have beneficial data on distinct locations and home developments and you should attempt to access this information that will help you steer clear of picking an unacceptable investment property. No matter what you need to do, under no circumstances make a decision to acquire a great investment property based upon getting some duty deduction – constantly focus on making the proper investment choice. Guaranteeing that you have a steady rentals income stream is usually vital because this income will make the having of the asset even more cost-effective and provide salary.

Different classes of residential condo — home units, land and houses – can outperform each other over time. For example , nonincome producing terrain will present zero rental profits nevertheless may enjoy quicker if purchased within a great area with limited supply. Investing in a true home unit might mean less maintenance costs than investing in a freestanding weatherboard house. Some certain areas offer higher rental yields, but it is important that you do your homework as these properties provide lower capital growth opportunities often.

It is also important that your condo suits the demographics of renters in the certain area. For example , if that is near a good university or college more sleeping rooms are going to be in greater require than a big back garden for kids to run about. A good family home which can be close to schools and parks on a private street will be more attractive than a condo over a busy highway.

A loft apartment director is usually some licenced real residence agent that is a specialist in their field, their very own job is to retain things in order for you and your tenant. They will help you with regular suggestions and help you deal with your tenants and get you find the best possible value out of your house, a good agent will let you know when you really should review rents then when you shouldn’t.

The property manager must be able to give you advice on house law, your responsibilities and rights as a landlord – as well as those of the tenant. They’ll take care of any maintenance issues also, although you should agree to all incurred costs (other than particular crisis repairs), beforehand.

The condo manager will help you find the right tenant also, conduct guide checks and make sure that they pay their hire on time. It is important that you don’t meddle too much with professional tenants because there are laws that provide them rights, so try to respect them always. You should however produce regular independent examinations of your condo to make certain that the tenant searching for after your expense but often move through your agent and present plenty of notice. Fortunately the cost you pay out to your handling agent is commonly a share of the rent paid back, is deducted from your rent and is taxation deductible

Contact Us:

https://www.treasureattampines.com.sg

Location Map: