Treasure Crest EC is a 99-years leasehold Sengkang EC development located at Anchovale Crescent in District 19. With only 3 ECs around in the area namely Bellewaters EC by Qingjian Realty, The Vales EC by SingHaiYi, this third EC will be positioned to bring more choices for potential Executive Condo buyers looking around for a Anchorvale or Sengkang EC. The number of approximate units for the development is around 525 units but this is yet to be confirmed pending affirmation from the local authorities.
This latest launch at Treasure Crest EC suggest that developers are wary about the potential supply of empty units in the Northeast area. It is noted that there are still many units in The Terrace EC, Bellewaters EC as well as The Vales EC which is all in the Punggol and Sengkang region that has many units yet to be unsold. Price for Treasure Crest Sim Lian is yet to be yet to be released. It is also just beside Cheng Lim LRT.
Treasure Crest EC Sim Lian Anchorvale
Also, real estate analysts note that the the older batch of ECs might be more popular due to the fact that there is no need for the buyers to pay for resale levy. Under this ruling, potential buyers who are second timers are to pay for resale levy when they buy a unit in Cheng Lim LRT Treasure Crest EC near Kopitiam Square. The resale levy varies from $30,000 – $50,000 depending on the size of the subsidized housing which they have bought previously.
Based on the bid date of the plot of land, potential buyers of Treasure Crest Anchorvale EC could be looking at a possible completion date in the middle of 2019. As details of the plans are still underway, it is estimated that that the development should be around 16 storeys high with not more than 10 blocks for the development. Potential owner can rejoice by the location of the development as it is located right next to Cheng Lim LRT Station that connects directly to Sengkang MRT Station and Sengkang Kopitiam Square. Sengkang is an area of great potential as there is not much land available left for development and the area is only one MRT stop away from Punggol Waterway Point which will be opening soon this year. It is also near to Springdale Primary School and Compassvale Primary School.
One Sengkang Mall
One Sengkang Mall is the former Compass Point located at Sengkang MRT Station that is currently going under renovation. It is a mixed development with Compass Heights located on top of One Sengkang Mall.
Fraser Centrepoint, the developer of One Sengkang Mall, indicated that the mall will be upgraded with a new environmentally friendly concept and that it will have a fresh and efficient tenant mix to cater to the retail scene in Sengkang. Treasure Crest Sengkang owners will benefit from the new mall with the incoming variety of entertainment and retail outlets for the residents to use.
As for the facilities within the development of Treasure Crest Sengkang, there are many to rejoice about. Owners are looking at a full 50m pool to relax in after a hard day’s work. Plans are also included for a indoor gym as well as outdoor area for the residents to use once they are off work or perhaps a quick swim at the pool. For buyers who are looking to work from home, the function room might be a good alternative for the residents to use at the comfort of their own development. The location of condo launch is quiet from the buzz of the road as it not direct facing towards Tampines Expressway (TPE) or Anchorvale Street. There is a safety buffer in place to prevent the noise from reaching the residents.
It is also noted that the price which Sim Lian paid for Treasure Crest Sengkang EC indicate that prices of EC land has dropped to mid 2011 levels where Singapore property prices is at its lowest. The price which Sim Lian has secured for Treasure Crest Sim Lian is very low compared to other ECs and allows the developer to price it more competitively to gather more sales. Even though there are around 1,500 ECs still left unsold in the Punggol and Sengkang area, the developer is confident about Treasure Crest EC as they are able to price it more competitively compared to other ECs.
Sengkang General Hospital
Upcoming Sengkang Hospital is conveniently located right next to Cheng Lim LRT Station and will house various specialist clinics together will advance community based healthcare facilities.
It will also offer primary care physicians as well as posing a 1,400 hospital beds. The hospital also provides seamless connection to the retail facilities as well as bus interchange.
Sengkang Anchorvale Crescent EC
As for transport wise, Treasure Crest EC owners can rejoice as there are plenty of modes of transport available for the residents to use to get to and from work. Cheng Lim LRT is by far the most obvious choice for the residents to use to get home as its located just right next to the development. Cheng Lim LRT is also just one stop away from Sengkang MRT Station and Sengkang Hospital. A note that that Sengkang MRT connects directly to Cheng Lim LRT and there is no need for owners to tap out of Sengkang MRT before entering the LRT segment.
Sengkang Recreation Centre
Sengkang Sports and Recreation Centre includes commercial and retail outlets for the residents to use. There are also F&B outlets available at the development.
For fast food lovers, there is also a MacDonald’s there available 24 hours daily.
For car owners who are not using public transport, the location of Treasure Crest Sengkang Anchorvale is even more rejoicing as the development is located only one minute drive away from Tampines Expressway (TPE). Owners will just need to turn into Sengkang East Road and then into Anchorvale Street into the development. Anchorvale Crescent is an exclusive road that leads owners directly to condo launch and therefore there is more privacy for the residents of this Sim Lian EC. For buyers looking at landed property, there is a new development called Parkwood Collection located at Hougang. Parkwood Collection is by the developer Fantasia Investment.
|Located right next to Cheng Lim LRT Station which links directly to Sengkang MRT Station.|
|A whole range of amenities near the development including the Sengkang Sports and Recreation Centre as well as Sengkang General and Community Hospital.|
|Easy access to various parts of Singapore as the development is located near to Tampines Expressway as well as Kallang Paya-Lebar Expressway (KPE).|
|Reputable developer with many properties under its arm with an extensive history in Singapore real estate.|
|Various layouts to suit different family needs as well as competitive pricing to jump start in ownership of private properties.|
|Extensive range of facilities for the family to enjoy after a hard day’s work.|
|Located near to many reputable schools such as Nan Chiau High School as well as CHIJ Saint Joseph’s Convent.|
For owners looking for a home next to prestigious institutions, there are institutions such as Pei Hwa Secondary School, Nan Chiau Primary School, Nan Chiau High School. These schools are highly sought after in Singapore due to the results of the students which they produce.
Treasure Crest EC in Sengkang
Analyst see the break even price of Treasure Crest Anchorvale Crescentto be around $640 – $660psf. Even if the developer price it at only $700psf compared to their average of $750psf for other Punggol ECs, the developer will be able to have a handsome 10% profit margin is now very common about the EC market. Treasure Crest EC developer’s spokesperson have indicated that they are looking at a very competitive pricing for its buyers near Waterway Point Punggol so that they can gather more interest in this lackluster real estate market.
Nan Chiau High School
Nan Chiau High School is a reowned secondary school located next to Treasure Crest EC that has extensive relations with the Singapore Hokkien Society. The school is highly regarded for its curriculum on Chinese Language and Culture and is a popular school among students who seek academic excellence.
The school is found by Chinese Businessman Mr Tan Kah Ke. Due to its popularity among Singapore students, Nan Chiau High School is one of the most highly sought after institutions in Singapore. It was also ranked the top value-added school for the Special/Express stream in Singapore and its also recognized in Singapore for preserving the Chinese heritage and culture in Singapore.
A quality development awaits you at Anchovale Crescent by Sim Lian Land near Sengkang MRT. E-Applications for the development will start soon around in May 2016. Please kindly leave your contact and we will get back to you the soonest for showflat viewing.
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