Treasure Crest Anchorvale Crescent
Treasure Crest EC is a brand new Executive Condominium development in Anchorvale, Sengkang (District 19). The 17,500 square meters land plot has received 3 bids from Victoria Realty bidding at $126.80 million, Allgreen Properties at $143.89 million and the eventual winner Sim Lian Group at $157.80 million. Translating to only $280 per square foot per plot ratio(psf ppr), the bidding result surprised market watchers as the Treasure Crest psf is estimated to breakeven at between $600 to $660. The lowest land price for an EC site since July 2011.
Treasure Crest location is within close proximity to Bellewaters EC by Qingjian Realty and The Vales EC by SingHaiYi along Anchorvale Crescent. Bearing a land cost of $331 and $367 psf ppr respectively, Sim Lian’s bid is 24% and 18% lower than its competitors. With reference to the breakeven price, industry experts estimate the Treasure Crest price to start as competitively between $700 and $750 psf.