There is about 7,000 crowds filled the Treasure at Tampines‘s showflat of Tampines which is known to be the biggest ever condominium will be introduced in Singapore, Today Online reported.
The newsmaker 2, 203-unit development which was recently launched showcases a one- to five-bedroom units having floor areas as wide as 1,722 sq ft.down to 463 sq ft.
With an attractive price which is as low as $585,000 of a one-bedder flat and approximately $1.88 million for a luxurious five-bedroom unit, the great developer Sim Lian Holdings and Sim Lian Group divulged that the development is priced more or less on average of $1,280 psf.
Nicholas Mak, the executive director of ZACD Group term the process of pricing as bit reasonable, provided it is still covered under the price range of the recent 99-year leasehold condo around the area.
Actually, few of those who flocked over the showflat already bought a unit.
Among those was, Triston Tan, the equipment engineer, who rendered a check to prove his sincere desire in owning a two-bedroom unit which serves as his future investment.
The wife and he lived over a Housing Board of a five-bedroom in Tampines and absolutely, no plans in selling it.
This simply means that they are required to pay the ABSD or Additional Buyer’s Stamp Duty for about 12 percent for this is the second residential unit they acquired.
Tan emphasized that they have to be patient with that percentage because it’s an investment though a bit anxious for the mortgage in the coming days.
” It calls for proper planning. We can’t afford to continue topping up huge cash and dedication in other fields reduces,” he further added.
Meantime, some visitors observed that “wait-and-see strategy, declaring to look over other development launches around the eastern region.
To name some, Vinita Malekar, together with husband Chandra, occupied HDB flat of a five-room around Bedok and plans to upgrade.
Since the increased of ABSD upfront cause an issue to the couple, the husband shared that they are hunting for smaller flats or unit instead of what they aimed for.
The 47-year-old housewife said, “Absolutely we wish to have a huge home, like a four -bedroom. But the price hikes, it held us.”