THE TRE VER CONDOMINIUM
The Tre Ver condo is a residential development that will replace the former Raintree Gardens HUDC estate in Potong Pasir. It offers buyers a chance to own a lovely new waterfront home at the city fringe, within walking distance to Potong Pasir MRT station and St Andrews School.
This project is being developed by a joint venture of two very reputable local developers, UOL Group and UIC Limited. It will open for sale around June to July 2018.
About the Tre Ver Condo
The Tre Ver will be a 729-unit waterfront development comprising 9 residential blocks of differing heights, on a longish site. It will offer residents a pretty nice living environment, with its 200m wide direct frontage onto Kallang River, that will benefit from the government’s plan to transform the river into a lifestyle hub.
It is designed by award-winning architects WOHA, who have gained global recognition for their integration of environmental and social principles within their work, that have set benchmarks for sustainable design. They are notable for their extensive use of natural vegetation as a building element, which ties in very well with the developer UOL’s design philosophy.
UOL has long been an advocate for ‘green’ practices, with their series of Masterpiece Homes. The Tre Ver condo looks set to continue that tradition, preserving most of the existing rain trees that line the waterfront. And as with other UOL projects, it will be characterised by beautiful lush landscaping, even more so here, that capitalises on, and blends seamlessly with the waterfront promenade.
About the Tre Ver Singapore Neighbourhood
Potong Pasir is one of the most centrally located and popular residential estates now with home seekers in Singapore. It is not only city-fringe, but is undergoing rejuvenation alongside the new Bidadari estate, with all the vibe, vibrancy, and freshness that a new town brings.
Bidadari is widely regarded as the next Bishan – with the same potential to lift property values around it.
This has seen the successful launches of several new condominiums in the vicinity, such as Nin Residences, Sennett Residences, Sant Ritz, The Venue, with the most recent being The Poiz Residences (and Mall), all of which have sold out.
The Poiz Mall will add to the amenities within walking distance of the Tre Ver Singapore. Besides that we have the Potong Pasir Community Club, that houses an NTUC Fairprice supermarket, a POSB bank, and a KFC fast food outlet. There is a MacDonald outlet too, and the HDB precinct next to it is liberally supplied with coffee shops and shops.
THE TRE VER SINGAPORE · FACTSHEET
|Name||The Tre Ver|
|Developer||UOL Group Limited and United Industrial Corporation Limited|
|Status||Condominium (Foreigners eligible to buy)|
|Address||110 Potong Pasir Ave 1, Singapore 350110|
|Site Area||18,711 m² (201,405 sq ft)|
|Floor Area||52,390.8 m² (563,934 sq ft)|
|Tenure||99 years leasehold|
|No. of Units||729|
|Description||Private condominium development comprising 729 residential apartments with full communal facilities, pools and car parking beside Kallang River|
THE TRE VER FLOOR PLANS
The Tre Ver condo floor plans are not finalised yet. Kindly drop us a note via the Contact Form if you would like us to email you the Tre Ver floor plans once available.
THE TRE VER SITE PLAN
The Tre Ver site is a longish, triangular plot of land beside Kallang River as it passes through Potong Pasir estate. On its west, is a 200 metre long boundary that faces directly onto the river, unblocked except for the mature Rain Trees bordering the park connector running alongside the river.
Units facing this side will get quite unblocked views of the river. Just don’t expect beautiful views beyond that. There is a limit to how far views can go in the middle of any built up city state 🙂
On the south of the Tre Ver site is a HDB estate, with its distinctive sloping roofs. This is where you can walk across to some neighbourhood shops.
To its east/north east, is relatively empty land with unblocked views. This is zoned as a reserve site for the moment, subject to future planning. So it will be many years before it is developed.
THE TRE VER SHOWFLAT · VIEWING
The Tre Ver condo showflat is not open for viewing yet. Please let us know via the Contact Form if you wish us to keep you posted when the Tre Ver showflat opens.
THE TRE VER PRICES · UNIT TYPES
UNIT TYPES . SIZES
|Unit Description||Type||No. of Units||Strata Area
|Total Number of Units||729|
Floor areas stated includes any Voids, Patios, Balconies, Terraces, A/C Ledges.
THE TRE VER CONDO PRICE RANGES
Status as at 9 May 2018 – prices are not finalised yet. Kindly drop us a note via the Contact Form below if you wish us to keep you posted on the indicative Tre Ver pricing.
Expect the exact Tre Ver condo prices to be announced only on the Preview sales day itself. However indicative prices may be available in advance.
The developer bought the Raintree Gardens site for SGD$334.2 million.
On top of that, the developer had to pay a differential premium of $115.3 million to the State to top up the lease to a fresh 99 years, and for intensification of the gross plot ratio to 2.8.
The total worked out to a land rate of roughly SGD$797 psf per plot ratio (PSF PPR) on the allowable gross floor area. Adding construction costs and overheads including financing, we could have a break even cost to the developer of around $1,350 PSF.
Mr Nicholas Ng, Director of Investments at JLL who brokered the deal, said: “The result of the tender is a reflection of the strong attributes of the site, which has a direct and broad frontage along the Kallang River. The park connector along the river was also a draw, as it allows residents of the new development to jog and cycle to many parts of the island, even to the CBD.”
Where sale pricing is concerned, UOL recently launched Amber45 in Katong, that saw an 80% take-up rate of the units released for sale at an average rate of $2,200 PSF.
This $2,200 PSF average is very competitive, given that the break even cost alone of The Opus nearby is $2,200 PSF, so it would likely sell at around $2,500 PSF for a decent profit.
UOL appears to have a practice of “leaving money on the table” for its buyers. It has several times priced units at its launches below what is projected for nearby competing launches.
THE TRE VER SINGAPORE · DEVELOPER
UOL Group Limited (“UOL” or “The Group”)
UOL Group is one of Singapore’s most established real estate companies, with a big portfolio of investment and development properties.
The Group was founded as far back as 1963, with a strong commitment to excellence & quality work that can be seen in their many projects. This has won them a string of awards, such as the FIABCI Prix d’Excellence Award, the Aga Khan Award for Architecture, the Urban Land Institute Awards for Excellence, and the President’s Design Award.
UOL’s portfolio ranges from residential apartments, to offices, retail malls, hotels, restaurants & spas. They own or manage more than 30 hotels, resorts, and serviced suites in North America, Oceania, and Asia.
Among their many local developments are Spottiswoode Residences, Nassim Park Residences, Duchess Residences, Terrene @ Bukit Timah, Seventy St Patricks, Waterbank @ Dakota, One Amber, One-North, Katong Regency, and Meadows @ Pierce.
United Industrial Corporation Limited (“UIC” or “The Group”)
UIC was incorporated in Singapore in 1963 as well. Its core business is property development and investment, and with the acquisition in 1990 of Singapore Land Limited, a well-established property company, UIC became a major real estate player.
The Group’s portfolio features some of Singapore’s most well known commercial and retail landmarks, and residential developments. These include Marina Square, Tampines Plaza, The Gateway, SGX Centre, West Mall, Singapore Land Tower, 5 Shenton Way, Clifford Centre, and ABACUS Plaza.
Its residential developments include V on Shenton, Alex Residences, Archipelago, Thomson 3, and Clement Canopy, the last three in conjunction with UOL.
Overseas, it has investment properties in China and the UK.
TRE VER CONDO LOCATION · FEATURES
Location. The Tre Ver location offers you a home on the city-fringe in Potong Pasir estate, within 10 minutes drive of Orchard Road and the CBD. Condominiums around this area tend to sell out quickly due to their proximity to the city centre and to good schools and amenities.
Shops, Banks, F&B, Supermarkets. 5 to 6 minutes walk to the Potong Pasir Community Centre, that houses a fast food joint, bank, and NTUC Fairprice supermarket, surrounded by a food centre and a liberal sprinkling of coffee shops and stalls. A further couple of minutes walk from that is the new Poiz Centre with its 7 restaurants and 77 shops.
Across the MRT underpass, you get The Venue Shoppes, a small shopping centre with 28 retail units. And not forgetting the old hawker fare at Tai Thong Crescent behind The Venue.
Lifestyle Amenities. Being so near Bidadari Estate means that the Tre Ver condo residents can enjoy its amenities too. There will be Woodleigh Mall, with Alkaff Lake and the sprawling Bidadari Park.
And of course, there is Kallang River right on its doorstep with the Kallang Park Connector as a recreation option. Makes a lovely jogging trail, or you can cycle all the way to Bishan-Ang Mo Kio Park, or southwards to the Kallang Riverside Park and seafront.
Schools. This place is deal for families with young boys, as Saint Andrew’s Junior (easily within 1 km) and Secondary Schools, and Saint Andrew’s Junior College, are all within 5 to 6 minutes walk. If you have girls, Cedar Primary and Secondary Schools are within 2km, just outside the 1km range. Both are among the most highly regarded schools in Singapore, with a long tradition of holistic care.
Interestingly, as the crow flies, the Tre Ver location is pretty close to the Stamford American International school.
Nearest MRT Station. The Tre Ver condo location is 600m, or 8 minutes walk, to Potong Pasir MRT station on the North-East Line. From here it is a 10 minute ride to Orchard Road.
A 5 minute train ride will also bring you to Serangoon MRT interchange station, and Nex Mall, the biggest shopping centre in the north-east of Singapore. Houses an NTUC Fairprice Finest supermarket, and a wide range of shops, food & lifestyle outlets, banks, pharmacies and so on.
Accessibility. The Tre Ver location is rather central. Besides being a 10 minute drive from Orchard Road and the Central Business District, it offers quick access to the PIE (Pan Island Expressway) and CTE (Central Expressway), which makes it pretty convenient for getting to just about everywhere else.
- 1 to 3 Mins Walk to MRT
- 10 to 12 Mins Walk to MRT
- 13 to 15 Mins Walk to MRT
- 16 to 18 Mins Walk to MRT
- 19 to 21 Mins Walk to MRT
- 22 to 24 Mins Walk to MRT
- 25 to 27 Mins Walk to MRT
- 28 to 30 Mins Walk to MRT
- 4 to 6 Mins Walk to MRT
- 7 to 9 Mins Walk to MRT
- Deferred Payment Scheme
- Luxury High-End Project
- Near Park / Nature Reserve
- Near Reservoir
- Near Shopping Mall
- Near Sports Complex
- Payment Scheme
- Prime District
- Progressive Payment Scheme
- Proximity to Primary School
- Sea / Water Views
- Special Discounts
- Special Features
- Star Buys
- Walk to MRT
- Within 1KM of Ai Tong Primary School
- Within 1KM of Catholic High
- Within 1KM of Cedar Girls Primary School
- Within 1KM of Holy Innocents Primary School
- Within 1KM of Maris Stella
- Within 1KM of Nan Chiau Primary School
- Within 1KM of Nan Hua Primary School
- Within 1KM of Ngee Ann Primary School
- Within 1KM of Raffles Girls Primary School
- Within 1KM of River Valley Primary School
- Within 1KM of Rosyth Primary School
- Within 1KM of St Andrews Primary School
- Within 1KM of Tao Nan Primary School
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