• Joshua Loo

Review: Treasure at Tampines, SGs Best Selling Project

Updated: Aug 31, 2021


Introduction


Treasure @ Tampines Artist Impression

Staying in Tampines for the past 25 years has given me good insights in regards to how a development will usually perform in regards to its location and nearby amenities as a contributing factor. If you are a Singaporean, I am confident that you are very familiar with regards to Tampines Round Market and Food Centre, the mega lifestyle hub, Tampines Hub, and the three accompanying shopping centers, Tampines Mall, Century Square and Tampines One.


These are all fantastic additions to Tampines as a regional center that is appreciated by all Tampines residents!


Information on nearby amenities is easily found on the internet and we will not be focusing on it. Rather, we will elaborate on other factors that can potentially benefit you as a homeowner or landlord.


The Treasure at Tampines developer is Sim Lian Group Limited, which is by now a household brand in the real estate industry. The developer have a strong base of projects in Tampines such as The Tampines Trilliant and Central 8 at Tampines.


As of the date of writing – 20th May 2020, Treasure at Tampines have well sold over 51% of its total units. That is an impressive total of 1145 units sold to date, which is an impressive feat for a development of this size! The 1 Bedroom and 1 Bedroom + Study units are fully sold too. That being said, let us go in further into review on Treasure at Tampines.


UPDATE: As of 30 August 2020, Treasure at Tampines transactions have totalled to 67.18% of units sold! This means that over the course of 3 months, an additional 356 units have been transacted!


This leaves with 723 Treasure at Tampines balance units still waiting to be sold.


UPDATE: As of 21 July 2021, Treasure at Tampines is 92.69% sold. 1 Bedroom and 2 Bedroom Types are all fully sold, and at the present 3 Bedroom, 4 Bedroom and 5 Bedroom types are currently available.


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What Makes it Attractive?


Good Connectivity



In addition to being situated around Tampines South Flyover, which makes it very well connected to Pan Island Expressway (PIE), Treasure at Tampines location is in close proximity to Tampines West (DT31) and walking distance of 10-15 minutes to Simei (EW3) MRT station. This makes it convenient for career professionals that will have to travel into the heart of Singapore. Taking the PIE will roughly translate to around 20 minutes of travel.

Less Competition and Attractive Rental Pool


Treasure @ Tampines Location

This is an area in Tampines that have been long neglected of a new condominium development. Take a closer look at the orange blips, which are condominiums located in Tampines and Simei. The brown blip is Arc at Tampines, an Executive Condominium which will enter into privatization late this year. This cluster will result in strong competition for tenants, but a good tradeoff is that is connected close to Bartley flyover. This is a major road and it runs parallel to PIE.


South-east of the Treasure at Tampines, there are many Simei condominiums and the northeast consists of Changi freehold condominiums. These condominiums are built before 2010 and might not be as appealing for tenants who are looking for a modern offering.


Older condominiums are not often chosen by tenants for rental as housing allowances are usually provided by their companies, and the amount can be rather generous.


UPDATE (21 July 2021): You might be worried about the current rental situation caused by the COVID-19 epidemic. I will like to reassure you that although total rental transactions are at an all-time low since 2012, transacted PSF has been extremely resilient and even higher as compared to 2020.


Since Treasure at Tampines is located away from the cluster of private development located west of Temasek Polytechnic, it will avoid strong rental competition from these other recently developed condominiums. Tampines Avenue 1, which sits beside Temasek Polytechnic, will have heavy traffic congestion during rush hour, as it is connected to Bartley flyover.


What solidifies Treasure at Tampines location as a good spot for rentals is because it sits closely towards the Simei area, and it provides a potential pool of tenants of healthcare workers from Changi General Hospital and professionals from Changi Business Park and Airline Staff form Changi Airport who prefer a more recent development.


This does not imply that its location is not ideal for people working within Tampines, as homeowners/tenants can easily reach Tampines Central in approximately 10 short minutes by car through Tampines Avenue 5.


The condominium cluster close to Temasek Polytechnic already provides good supply of units for foreign students who might be attending the school. Furthermore, their budget might be lower which makes them not an ideal target as tenants.


Tampines is one of Singapore’s first regional centre and has been successful in maintaining an enduring, vibrant community.


“Tampines (spilling over to Changi Business Park) – strength is due to the good town positioning of Tampines area, and suburban offices and business parks. It took decades for Tampines to establish and affirm its positioning and this has to a certain extent lifted the commercial vibes of the place to draw new demand for suburban homes.”

- Ong Kah Seng, Director of R’ST Research



128 Private Condominium Facilities