Treasure Crest is a brand new Executive Condominium development in Anchorvale, Sengkang (District 19). The 17,500 square meters land plot has received 3 bids from Victoria Realty bidding at $126.80 million, Allgreen Properties at $143.89 million and the eventual winner Sim Lian Group at $157.80 million. Translating to only $280 per square foot per plot ratio(psf ppr), the bidding result surprised market watchers as the
Treasure Crest psf is estimated to breakeven at between $600 to $660. The lowest land price for an EC site since July 2011.
Treasure Crest location is within close proximity to Bellewaters EC by Qingjian Realty and The Vales EC by SingHaiYi along Anchorvale Crescent. Bearing a land cost of $331 and $367 psf ppr respectively, Sim Lian’s bid is 24% and 18% lower than its competitors. With reference to the breakeven price, industry experts estimate the
Treasure Crest price to start as competitively between $700 and $750 psf.
The new Anchorvale EC will comprise of 8 blocks of 15 storeys featuring the most sort-after 3 bedrooms, 3 bedroom premium and 4 bedroom unit types. Sighting their most recent success in Wandervale EC Choa Chu Kang, where about 50% of the 534 units are sold on the first day of launch, we can expect another positive response from Treasure Crest Sengkang. Most buyers commit to the functional layout with large master bedrooms and the positive reputation of developer Sim Lian Group, Singapore’s Top 100 brands for five consecutive years. Their other previous sell out projects include The Jade, The Pearl @ Mount Faber, A Treasure Trove, The Tampines Trillant, Hillion Residences Parc Lumiere, Bleu @ East Coast, The Amery, Carabelle, Viz At Holland, Parc Vera, Clover By the Park, Waterview, Rochelle at Newton and The Lincoln Residences.
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