99 yrs, For Sale, Under Construction $738,000 onwards - Condominium
The Tre Ver – New Condo Launch by UOL Group
The Tre Ver condo is a new launch in Potong Pasir estate. It is located just beside St Andrew’s Secondary school and Junior College. This new launch condo will be built in place of the former privatised HUDC plot of land – Raintree Gardens. This redevelopment is underway this year after a successful collective sales by UOL in 2016.
The Tre Ver – Details
The plot size of 201,405 sq ft is set to transform from a 175 residential units development to a condominium of 729 waterfront residential units. The land cost is calculated to be approximately $797 psf per plot ratio. This payment includes differential premium paid to the State, refreshing the site’s lease to 99 years and gross plot ratio of 2.8 under the URA’s Masterplan 2014. The break-even price should be in the region of $1,600 psf.
The Tre Ver – Locale
Potong Pasir is a small estate in district 13 and buyers of The Tre Ver, will be treated to a tranquil neighbourhood, yet near to amenities to meet everyday household needs. Walking distance to NTUC supermarket and various shops selling rather similar or comparable food and household goods, giving its residents great choices. Hidden in the estate are coffeeshops, medical clinics (western and TCM), bakeries and a community centre.
The Tre Ver condo is also in close proximity to Potong Pasir MRT station. And just beside this station is The Poiz Residences and The Poiz Centre. This will spell more shopping and dining options to all living close by. One stop away is Woodleigh Lane, where the residential site is sold to CEL Unique DevelopmentPte Ltd with a 99-years lease. The second site is won by SPH and Kajima Development, and is a mixed use development – The Woodleigh Residences and The Woodleigh Mall. The developers envisioned it to be a garden community with residential and retail, integrated bus interchange, police post and community club in the Bidadari estate.
The Tre Ver – Surroundings
Further up 2 MRT stops from The Tre Ver, is Serangoon MRT Station. Upper Serangoon Estate has always been a popular choice to home buyers. We can expect high demands for the Serangoon condo launch in the district – namely Affinity at Serangoon and The Garden Residences.
The Tre Ver – Potentials
Towards the direction of Serangoon Road from The Tre Ver comes another new condo launch – Jui Residences. Parked just along the Kallang Park Connector, residents can truly enjoy the waterway connection between Ang Mo Kio-Bishan Park to Kallang River. On top of that, this freehold condo site is close to city and various Heritage Walks. The site itself holds a history of bottling popular soft drinks like Sinalco and Kickapoo, being previously occupied by National Aerated Water Company, a familiar building facade if you have driven past to get to PIE.
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