Sim Lian has sold 350 units at A Treasure Trove as at 5.30pm yesterday. Singaporeans accounted for 94% of buyers. Some 80% of buyers have HDB addresses, mostly in the surrounduing Punggol and Sengkang vicinity. Developer has estimated that 40% of buyers are investors and the other 60%, owner occupiers.
A Treasure Trove is a 99-year leasehold private condo near Punggol MRT station. The 882-unit project has 42 penthouses ranging from 1,528sqft (with two bedrooms) to 4,876sqft (seven bedrooms). The penthouses prices are said to range from nearly $1 million to around $2.8 million. As of yesterday, 24 penthouses had been released of which 11 have been sold, including the largest unit, which has seven bedrooms on the 16th floor and an open terrace above it.
Looks like any project selling less than $1,000psf these days is a steal...or is it really?
Here are some project info of A Treasure Trove for those who are interested.
Project Info
• Developer : Sim Lian Group Limited
• Location : 50 – 76 Punggol Walk
• Land Size : 296,298 sq ft (approx)
• Tenure : 99 years from 9 March 2011
• Expected TOP : 30 November 2015
• Expected Legal Completion : 30 November 2018
• Total Units : 882 units
• Number of Blocks : 14 Blocks
• Number of Storey : 16 Storeys
• Floor To Ceiling Height : 2.9m (1st – 15th storey), 3.2m (16th storey Penthouse)
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