Tre residencesTRE Residences, a new exciting condominium development in Geylang East Avanue 1. During its launch over the weekend, TRE Residences sold 20% of its 250 units, reported in the media.

With an inclusive of a 5 % early bird discount, TRE Residences unit prices set at an average $1,416 PSF. It was revealed that most of the units sold were one to two-bedders and the buyers were a mix of occupiers and investors. Yet, spokesperson refused to comment on whether prices of each unit will increase from thereon without the early bird discount.

This remarkable development of Singapore Property is jointly developed by 3 renowned developer- MCC Land, Sustained Land and Greatview Development. Comprising of 250 exclusive unit, TRE Residences was basically priced at $1,560 psf on average.

Huttons and PropNex are the official marketing agents of TRE Residences. Mohamed Ismail Gafoor (PropNex CEO), considered the sales result of project as positive “given that there was not a major advertising campaign similar for Lake Life where developers go on radio and TV.” In fact, TRE Residences had a fairly quiet campaign.

He also consider the project developer is expected to continue to offer the condo at low-priced and repackage the “early bird discounts”. Ong Kah Seng, R’ST Research Director, mentioned the lower launch prices aims that project investors can lower their rental prices to appeal expats amid uncertain rental environment. “The post-discount of $1,410 psf is higher within buyers’ expectations,” R’ST Research Director added.