Treasure At Tampines is an opportune project that comes up on Tampines Street 11 / District 18, a sprawling 702,164 sf land, about a dozen football fields put together.
With most of the 2014 Master Plan for Tampines realized, the TOP in late 2023 matches right, when the balance pieces would be put together to make it a self-contained place with wide range of job and educational opportunities, better environment having greenery and water bodies with great connectivity to the rest of the Island – all for a great live-work-play lifestyle of plenty.
Treasure At Tampines is redeveloped in place of former Tampines Court that was built in 1984 and saw Tampines being awarded the World Habitat Award in 1992 for contribution towards human settlement and development by the Building & Social Housing Foundation (BSHF) of the United Nations.
Privatized in 2002, the 560 units of Tampines Court got sold through En Bloc in July 2017 at S$970 million, the highest price tag of the year, leaving the premises vacant by December 2018.
With an estimated 2,203 units boasting 33 types of unit mix, it has been planned to be redeveloped into 29 blocks of 12-storeys.
The Developer, Sim Lian Group, is not new to the neighbourhood, having unveiled the prestigious, The Premiere @ Tampines in 2006, the first ever Design, Build & Sell Scheme (DBSS) in the HDB Estate and another, Centrale 8 under the same scheme.
Their third in the vicinity is Tampines Trilliant, an Executive Condo of Public-Private Housing Hybrid type.
Having set their footprint on a vast expanse including residential, commercial, industrial, retail and mixed development projects over four decades in Singapore and overseas, Sim Lian Group has roped in Design Link as Architects for Treasure At Tampines that includes about 128 facilities for high end living, almost double the commonly offered facilities.
Treasure At Tampines is located in 118, Street 11, D18 Pasir Ris, Tampines District in the Eastern Planning Region. The Tampines Regional Centre was developed to decongest Central Business District (CBD) and serves as the largest employment hub of the Island, next only to CBD with 30% more to add in the near future.
The major employment hubs like Changi Business Park, Loyang Industrial Park, Changi Airport are within 10 minutes drive not to mention the Tampines Town Centre itself filled with MNCs and Government offices plus the abundant educational institutions and hospitals in the neighbourhood
As an established Centre of Commerce in the Eastern Region, it has all the complementing facilities to make it a self-contained Estate, great for modern living for a grand lifestyle. The Tampines Round Market & Food Centre is right at the doorstep for a variety of local menu. The Eastpoint Mall, right next to the closest Simei MRT Station is the shopper’s paradise for grabbing essentials along the way.
Treasure At Tampines is located within a kilometer from the Tampines Town Centre, which brags great malls like Tampines Mall, Century Square and Tampines 1 with Cold Storages, Fairprice outlets, SAFRA Club House etc. on the way. The first integrated community club and lifestyle building of the country, Our Tampines Hub is the supreme boast of the locality housing sports, recreation, library, public service centres and hundreds of retail shops, all under one roof.
Another great location to hang around with family and friends include the Jewel at Changi with attractions like Forest Valley – the largest collection of plants indoors, Rain Vortex – an indoor waterfall with light-sound shows at night, Canopy Park – the recreational and F&B outlets at the toppest level, Sky Nets, Canopy Bridges & Canopy Mazes – for walks and bounces, Discovery Slides & Foggy Bowls – for loads of fun. Wearing a festive look all through the year, it offers visitors around the world too, a glimpse into the rich lifestyle of the Island.
Treasure At Tampines is a great place to raise families, closely dotted with several primary and secondary schools within a kilometer reach. Besides other international schools in close proximity, the topography is complete with institutions for higher education like the Temasek Polytechnic and Singapore University of Technology and Design, which envisions diversification into aviation, healthcare and other segments with a multi-million-dollar budget.
Healthcare is also made easy with institutions like Changi General Hospital, Saint Andrew’s Community Hospital closely located and several others in easily reachable distances.
The Simei MRT Station is under six minutes brisk walk or ten minutes casual stroll that connects to the East West Line, while a few minutes of extra walk takes to the Tampines West MRT Station that connects to the Downtown line. The Integrated Transport Hub (ITH) is the latest facility that integrates MRT and Bus Interchanges for hassle free travel between destinations.
Dedicated pavements for cyclists make the area livelier and eco-friendlier. The cycling network has been stretched for about 24 kilometers in the Estate for fitness freaks, who are enthusiastic about pedaling and responsible citizens, who care to reduce their carbon footprint.
International travels are a breeze for frequent flyers with the Changi Airport located less than 10 minutes drive from Treasure @ Tampines. It is also easily accessible through Tanah Merah MRT Station, which is next to Simei MRT Station, that has cross-platform interchange to Changi Airport Station.
It connects easily to the rest of the Island through the Pan Island Expressway (PIE) and Tampines Expressway (TPE). One of the five gates of Treasure @ Tampines will lead directly to PIE through a two-way road to be developed called the Tampines Lane, that is to become the address of the site.
Being a large housing complex with 2200+ households, Treasure At Tampines affords the beauty of a healthy community living. Activities are likely to abound during functions and festivals that add flavour to life and gets even more colourful in such large communities. Kids and senior citizens stand to benefit through the blending and interaction in common areas.
Amidst a high density of buildings and close proximity to the PIE, it has sufficient green land on the south and west sides of the site offering fresh air and greenery around, including an eco-friendly butterfly garden on the everyday route to Simei MRT Station. With parks and water bodies around, the Treasure @ Tampines sits snugly in the midst of a tranquil natural setting.
From the most compact single bedrooms to luxurious five bedrooms and penthouses, the project has 33 types of layouts to choose from. Targeting a wide range of occupants from singles to multi-generational living families, three bedders form the largest chunk of the unit mix (about 400+).
Apart from a serene living, the large area of the site affords the developer to offer about 128 generous facilities for a high end living. It has been designed to provide amenities like 100 Lap Pool, 50 Lap Pool, Gymn, Sun Deck, Reading Pods, Jacuzzi Jets, Tennis Courts, BBQ Pits, Club Houses etc. to offer a variety of activities within the residential complex.
About 1,754 basement, 24 surface and 11 handicap parking lots have been planned for the development
Special features unique to the project have been reserved and kept discreet for the grand day of launch during 19Q1.
As Treasure At Tampines is set become an integral part of Tampines, the way for its future residents to blend with the locals, to play sports, to do some reading, to watch a match or a movie, to see a performance or an event, to dine and shop, and avail various services of the Government, is to be associated with Our Tampines Hub.
Built step by step in consultation with the locals and maintained at various levels by volunteers, Our Tampines Hub is a place where about 100,000 people gather on special days and weekends. At the heart of the Hub is the Festive Plaza, the community space for interaction and mingling with people of diverse cultures, the success mantra of the Island nation.
Built in place of former Tampines Stadium and Tampines Sports Hall, it has a FIFA approved artificial turf stadium called Town Square with 5000 seat capacity for football and rugby matches, and community events as well.
The 400-seater Festive Arts Theatre in the facility is designed to conduct live performances and screen movies. Indoor Sports are held at the Sports Hall that could seat 1800 spectators.
The Tampines Regional Library, the first of its kind in the country was relocated to occupy five-storeys of Our Tampines Hub and has a gallery that displays the cultural heritage of Tampines.
The Public Service Centre that is open 24/7 in the complex provides services of a dozen Government Agencies. It also houses six rooftop swimming pools, playground for children, four tennis courts, two futsal courts, a 30-lane bowling centre, and a hockey court.
It is complete with the Festive Mall that comprises eateries and a supermarket, a family clinic and health centre run by the Eastern Health Alliance with an eco-garden at Level 5 and a Community Club which is the largest in Tampines.
That speaks quite a volume about the quality of life expected in Tampines Estate with plenty of valuable stuff to do and be associated with. Treasure @ Tampines is quite lucky to have Our Tampines Hub built-up and ready to use.
It is little wonder why the Sim Lian Group was emboldened to bank on Tampines Court for its fourth project in the District. Being mature already and with more upgrade plans underway, the colossal project size is definitely a boon for the Developer to realize big in the District.
Affordable price is the buzzword of the Treasure At Tampines project, as experts find the price lower than many Executive Condominiums in the area and elsewhere, even compared to some that are situated quite far away from MRT Stations.
With URA’s plans to enhance the Estate through expansions and additions in connectivity, employment opportunities and better environment, the rental demand and rental prices, which currently yields about 3.5% in the area, are expected to shoot up at the time of its TOP in 2023.
Moreover, resale price of flats at Tampines have always seen outstanding performances, like the Developer’s own Premiere @ Tampines, compared to other regions, making it the number one choice for investment purposes.
As the Developer exhaustively prepares the site for the official preview, the agents and home buyers await the launch date, that has been targeted within 19Q1. And the whole market stands to gain the win-win formula of an En Bloc redevelopment.
By all measures, the project is a treasure!
At a time when the En Bloc fever was at its highest temperature and when many developers still seemed to back off, probably due to the huge project size or the big price tag, the Sim Lian Group emerged the only bidder of Tampines Court in August 2017, with a clear S$10 million above the asking price ofS$960 million, demonstrating the keenness on the acquisition.
The Tampines Court sale hit headlines as the top blockbuster sale of 2017 for a prior HUDC property, ranking 3rd only to Farrer Court that was transacted at S$1.34 billion since 2007.
Huttons Asia is the proud Marketing Agent of the deal that struck after a whole week of thoughtful consideration about the conditions of sale.
The Developer, Sim Lian Group has five full years to develop and sell the property without attracting ABSD charges. Without any significant project coming up in the vicinity in the next few years, the market watchers feel that the Developer is likely to complete this obligation without a hitch.
As a homegrown Developer possessing 40 years of experience and having been recognized with several awards in the field, the Sim Lian Group shoulders the responsibility to maintain their reputation and demonstrate their expertise in the colossal Treasure @ Tampines project. It is notable that they have established themselves in Malaysia and Australia too.
Having completed all the legal processes and taken over the premises from the 560 owners, settling between S$1.71 million and S$1.75 million each by December 2018, the Developer prepares the site for its official preview and grand launch targeted within 2019 Q1.