Sim Lian launches Singapore's largest condo in Tampines.
SINGAPORE -A condominium with 2,203 apartments in Tampines Street 11 was launched on Friday (March 15) to give a preview of what its developer Sim Lian Group has touted as Singapore's largest.
Treasure At Tampines eclipses the 1,715-unit d'Leedon in Farrer Road.
Its first sales launch is expected to take place by end-March (2019), which is not long after that of The Florence Residences, a 1,410-unit development in Hougang Avenue 2 which had its initial sales earlier this month.
Sim Lian, however, declined to disclose how many apartments will be released at the first sales launch.
The condo, which stands on the site of the former Tampines Court HUDC estate, is expected to be among a handful of mega projects 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 receive its temporary occupation permit by 2023.
The collective sale site was acquired by Sim Lian for $970 million in 2017, which was then the biggest collective sale in a decade.
The site spans about 650,000 sq ft, with one- to five-bedroom apartments that range in size from 463 sq ft to 1,722 sq ft.
Mr Kuik Sing Beng, executive director of Sim Lian Group, pointed out the development's proximity to Changi Airport and Changi Business Park while Orange Tee & Tie, a co-marketing agent of the development, expects the "attractive entry price" and monthly maintenance fees, which starts at $150, to draw buyers.
Adapted from The Straits Times 16 March 2019