New launch The Tre Ver sells 70 per cent of units at Phase 1 offer

New launch The Tre Ver condo sold almost 70 per cent of units offered at its Phase 1 offer. The developers’ offer of steep discount lured in mainly first time home buyers to the new launch on August 4th (Saturday) amidst the new property curbs.

The Tre Ver Condo is a 99-year leasehold brand new property launch, by UOL Group and UIC Industrial Corporation, located along Potong Pasir Avenue 1. This development, which is formerly known as the Raintree gardens, sits on a massive 201,405 sqft piece of land with a plot ratio of 2.8. The new launch is expected to be shaped into tower blocks and garden blocks that will comprise a total of 729 units with 1 to 4 bedrooms configuration.

“We saw a strong take-up of more than 140 units within our first three hours of launch, which is more than 70 percent of the 200 units released,” said Jesline Goh, UOL’s senior general manager for asset management and marketing.

She noted that most of the buyers looking at the 99-year leasehold development in Potong Pasir comprised Singaporeans and those aspiring to own their first house.

With prices ranging from $738,000 for a one-bedder and $2.08 million for a four-bedroom apartment, the new launch expected to be completed by 2022 and situated near the Potong Pasir MRT station presented a strong value proposition to buyers.

Commenting on the strong interest at the new launch, Goh said: “We are very pleased as the response is stronger than the Phase 1 launches for our previous projects such as Thomson Three, Principal Garden and Botanique at Bartley. “We believe the buyers saw the strong value proposition of the product and the realistic pricing. Riding on this success, we are immediately releasing Phase 2, with more units offering dual view of the amenities and the river.”

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The Tre ver Condo Defines Luxury Living

One of the most interesting features of The Tre Ver is that it’s located just a few meters away from the Kallang River. The development is designed by WOHA, an award winning architects company, which will seek to preserve majority of the existing trees that line up the riverfront. The lush landscaping that surrounds the residential also seamlessly blends with the waterfront promenade to create a deep serene natural setting. That, plus the close proximity to the city makes The Tre Ver an ideal spot for those who want to enjoy upscale living without isolating themselves from nature.

The Tre Ver Condo Facilities

The Tre Ver has an array of shared facilities that can make life for residents quite enjoyable. Some of the basic facilities found within the condo include a 50-metre lap pool, indoor gymnasium, playground, kid’s pool, BBQ pits and 24-hour security concierge.

Nearby Amenities

The Potong Pasir MRT and Woodleigh MRT stations are located a stone’s throw away from The Tre Ver, both of which offer services via the North East Line. Those who want to access other parts of Singapore can use the Central Expressway (CTE) and the Pan Island Expressway (PIE), which are easily accessible from the residential. With the area’s comprehensive road network, getting to Orchard Shopping Centre and the Central Business District (CBD) can take a mere 15 minutes or less.

Shopping Malls

Aside from the massive NEX Shopping Mall and City Square Malls, there are other notable shopping malls located near The Tre Ver including Bendemeer Shopping Mall and HDB Hub and the Venue Shoppes. There are also other upcoming malls such as Poiz Centre and Woodleigh Mall which can be easily accessed from the residential. That means shopping for residents of Tre Ver won’t really be a hassle.

Schools

The Tre Ver residential is surrounded by a number of reputable local and international schools, which offer high-quality education to students of all learning levels. The schools range from primary all through to Junior college. And most of them are a walking distance or just a few bus stops away.

The following is a list of the schools found in the Tre Ver vicinity:

-Cedar Primary

-St. Andrew’s Secondary

-Maris Stella High School

-Bendemeer Secondary

-Pei Chun Public

-St. Andrew’s Junior

-Stanford American International School

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Recreational Amenities

Staying in Tre Ver is as luxurious as it is fun-filled. The residential sits next to Kallang River, which is in itself an amazing recreational amenity. And the Kallang Park Connector, which stretches along the Kallang River, is just a tiny distance away from the residence and is an ideal place for residents who love enjoying nature-inspired outings. Residents can also visit the nearby Toa Payoh Town Park and the Toa Payoh stadium, swimming complex and sports hall to enjoy various
fun activities.

The Tre Ver Condo Prices

Based on its unparallel views of the river and close proximity to the city, Tre Ver is prices are likely to be reasonably high. The residential area was bought at $334.2 million, which means the breakeven price will be about $797 per square foot (psf).Analysts expect the selling price for the condo to range between $1,500 to $1,600 psf.

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