New Singapore Condo Launch: TRE Residences
TRE Residences is a brand new condominium project launching for sale on the city fringe, right beside Aljunied MRT station. This development is mid size, 250 units, with a wide range of facilities.
Demand is expected to be quite good, as there hasn’t been new launches of this size, so close to an MRT station, around here for a while. It offers the convenience of a sheltered link to the station a couple of minutes walk away, which is much appreciated in our hot and/or rainy tropical weather.
Tre Residences fans are going to love the proximity of the Kallang Sports Hub, that will host major sporting events, concerts and performances. And there is the fun of the famed eateries of Geylang, and the beaches of East Coast Park.
Tre Residences should especially appeal to investors, as it is close to the tenant pools of the CBD & Marina Bay Financial District, as well as being right in the midst of 2 masterplan growth areas. It is expected to ride the wave of growth from the transformation of Kallang Riverside & Sports Hub on the one side, and the development of Paya Lebar Square and the upcoming Paya Lebar Commercial Hub on the other.
TRE Residences Condominium
Artist’s Impression :: Tre Residences Condo
Tre condo is designed in 2 sleek high-rise towers of 17 storeys each. The 250 units will comprise 1, 2, 3 and 4 bedroom apartments, 4 bedroom dual key units and penthouses, and 5 bedroom dual key penthouses. These range from 419 sq ft to 1711 sq ft.
It offers contemporary living spaces, and a nice range of facilities including a full swimming pool, landscaped deck, gym, clubhouse, jacuzzi, BBQ pavilion, function rooms, and other amenities.
Tre Residences Showflat Viewing | VIP Preview
Latest Update: Tre Residences is completely sold out.
But if you are interested in this neighbourhood, there is a new project launching soon called Penrose, just around the corner, on the other side of Aljunied MRT station, and just beside Sims Urban Oasis that has sold out for some time too. The Penrose condo is being built by a very reputable developer, CDL Development, and will be within 6 minutes walk from the MRT station.
The launch of the Penrose showflat will be in the 2nd half of 2020, with prices expected to start from around $1,5xx PSF. (Yes, a lot higher than Tre Residences, but it has been some years since Tre launched, and prices in the city fringe such as at Park Place Residences at Paya Lebar, and Park Colonial at Woodleigh, were already averaging around $1,7xx to $2,000 PSF since 2018.)
For more about the future transformation prospects of the Aljunied / Paya Lebar area, see the URA website, such as this page.
NEW DEVELOPER LAUNCHES
ABOUT ARENA RESIDENCE AT GUILLEMARD CRESCENT
If you like the locality of Tre Residences, then you might be interested in Arena Residence too. This is a new condominium development that is launching soon in the Guillemard area, just down the road, on the other side of Geylang.
From an investment perspective, Arena Residence has plenty of potential for capital gain. That’s because the neighbourhood it is in, Geylang, is underpriced for its intrinsic value. Its location on the outskirts of the city centre, so close within 10 minutes drive to the CBD, ought to command a higher price level, if not for its reputation as a slightly seedy neighbourhood.
However Geylang is in the process of undergoing gentrification and redevelopment, including re-zoning the area across the road from Arena Residence as commercial / institutional rather than residential. This augurs well for the values of this location to rise, as start ups and small businesses move in.
Add to that the fact that Arena Residence is on freehold land, unlike Tre Residences that is 99 year leasehold. This combination of attributes would have fetched well over $2,000 PSF in other areas, such as at the Novena / Thomson area. But in the case of Arena Residence, we are likely to be looking only at around $1,800 PSF.
Which means that the 2 bedroom units here will start from around $1.1M, with 2 decently sized bedrooms, making for a good buy and potential rental yield. There are 3 bedroom and 3 bedroom dual key units as well, so it looks like the project is targeting investors.
The Arena Residence showflat is scheduled to open its doors soon. It will showcase a 3 bedroom unit, type C1 that is 807 sq ft. The developer Roxy-Pacific Holdings, has tentatively set the launch date around end October to early November 2018. If you are interested, sign up with us to view the Arena Residence showflat as soon as possible. There will be an early bird discount for those who book a unit at the VIP Preview.
Martin Modern . Brand new condominium launching next to River Valley Primary School . On the fringe of Orchard Road and by the Singapore River . Drop your contact details over there for the Martin Modern condo prices and viewing or updates