Sim Lian Group releases additional units of A Treasure Trove following brisk take up
Singapore, September 12, 2011 – Main board listed Sim Lian Group Limited (‘Sim Lian Group’) released an additional 280 units of A Treasure Trove for sale, taking total units released to 580 units. The first phase of the 882-unit private condominium in Punggol Central was officially launched on Friday morning with
300 units released. 466 units have been sold as at 5pm today. The average price remains unchanged at S$866 psf.
“The positive response to A Treasure Trove in Punggol reflects buyers’ strong demand for quality developments in prime locations. Sim Lian Group took a long-term perspective in establishing this development, introducing numerous water features to enhance the watertown living experience in Punggol,” said Mr Kuik Sing Beng, Executive Director of Sim Lian Group. “To date, 80 per cent of the units released at A Treasure Trove have been snapped up and there continues to be a steady stream of prospective buyers to our showroom. Sim Lian Group will progressively release more units to meet the market’s demand.”
Approximately 80 per cent of buyers of A Treasure Trove have HDB addresses with majority within the vicinity of Punggol and Sengkang. 93 per cent of the buyers are Singaporeans. The 99 year-lease development comprising fourteen 16-storey blocks on a 296,303 square feet (27,527.2 square metre) site boasts three zones with water features including a 50-metre lap pool, children’s pool with slide, spa pool, whirlpool bath pool and hydro-gym to promote healthy living among families. Approximately 70 per cent of the units will have pool views with the remaining units enjoying a scenic view of the common green. The condominium is a stone’s throw away from activity-filled Punggol Waterway and Punggol Promenade and is easily accessible to major expressways such as the KPE, PIE, TPE and CTE. A Treasure Trove is also located in close proximity to schools and an upcoming new suburban mall in Punggol. A Treasure Trove features two-bedroom, 2 plus study, three-bedroom, 3 plus study and four-bedroom units to luxurious single level penthouses of seven bedrooms.
