Tampines Trilliant: Another sell-out EC in the making..?

Large crowds turned up at the launch of the latest executive condominium (EC) on Friday.

Property developer Sim Lian Group said it hopes Tampines Trilliant, which is located in a mature estate, will attract couples who want to live near their parents.

But with prices as high as $971,000 for a four-room unit, will home-buyers be turned away?

The launch of Tampines Trilliant saw a large lunch-time crowd - most of whom were upgraders.

The 12-block executive condominium has 670 units for sale, comprising mostly three-bedroom units.

Prices start from $682,000 for a three-room unit and a whopping $971,000 for a four-bedroom unit.

Home buyers were mixed in their responses over the prices.

One said it was "a bit expensive", while another said: "For new launches, I believe the price is quite expected."

The property is located in the heart of Tampines, in the eastern part of Singapore, with amenities like malls, bus and train stations and even offices, nearby.

Orange Tee managing director Steven Tan said: "We expect the demand for the Tampines Trilliant to be very strong. The existing regional centre and MRT station are already strong pulling factors."

One real estate company said prices of executive condominiums are usually about 20% below those of mass market condominiums in the vicinity.

ECs were introduced to cater to Singaporeans, especially young graduates and professionals, who can afford more than an HDB flat but find private property to be out of their reach.

ECs are comparable in design and facilities to private condominiums as they are developed and sold by private developers.

ERA Realty group director Mark Teo said: "Although there will be a lot more supply of ECs coming into the market in the next six months to one year, we think that the demand for ECs will still be very strong.

"Many of us have the aspiration to live in a condominium that has facilities, so ECs actually fill this void."

A check shows that prices for the Trilliant are comparable to the Arc at Tampines, another EC in the area, which was launched late last year.

Prices there range from $700 to $800 psf.

Application for Tampines Trilliant ends on 31 January.

Source: Channel News Asia

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More new launches coming our way!

A string of property launches are just around the corner as developers cash in on the current strong home buying momentum created by the release of Watertown condo in Punggol.

These include Parc Rosewood in Woodlands and The Tampines Trilliant executive condo (EC), which are scheduled to be rolled out later this week.

Another EC project, Twin Waterfalls near Punggol MRT Station, is expected to go on the market next month. Market watchers are also awaiting the release of The Bartley Residences, a 702-unit, 99-year leasehold private condo next to Bartley MRT Station.

Parc Rosewood

This week, Fragrance and World Class Land are slated to release Parc Rosewood along Woodlands Avenue 2/Rosewood Drive. The average price for the five-storey, 99-year private condo is expected to be slightly above $1,000psf. The project's 689 units will be mostly one and two-bedders, although the condo will also include some three bedders. One-bedders start from 431sqft.

Word on the street is that starting prices will be nearly $400,000 for one-bedders, close to $570,000 for two-bedders and slightly below $800,000 for three bedders.


The Tampines Trilliant

Sim Lian's EC project The Tampines Trilliant is a stone's throw away from the upcoming Tampines Station on the Downtown Line. It will have 670 units in 12 blocks of 15 and 16 storeys. Sources suggest e-applications could begin as early as tomorrow. Pricing has yet to be finalised.

The majority of units will be either three bedders (127 units of between 872sqft and 1,141sqft) or three-bedroom-plus-utility units (397 units of 1,001 - 1,378sqft). remaining units are either four bedders (1,302 - 1,593sqft) or penthouses.


Twin Waterfalls

Frasers Centrepoint's Twin Waterfalls EC in Punggol will comprise 728 apartments in 17-storey blocks. Market watchers expect the average price to be slightly more than $700psf. Apartment sizes range from 914sqft for a three-bedroom compact to 1,378sqft for a four-bedroom dual key unit. There will also be penthouses of up to 1,928sqft.


Palm Isles
Frasers Centrepoint also has a 99-year private condo slated for release later this quarter or in early Q2 - Palm Isles at Flora Drive in the Upper Changi area. The seven-storey development will have about 450 units. Analysts reckon the average price could be around $900-950psf.

Source: The Business Times

So all we need now are more Singaporean buyers...
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