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Project Details

The Tre Ver is a new 729 unit condominium development by UOL and Singland comprising of 9 residential blocks located at Potong Pasir Ave 1. Tucked away in a quiet corner away from the city’s main traffic bustle, people unfamiliar with the area will be pleasantly surprised by how tranquil yet convenient the location of The Tre Ver condominium is. The total land size of this development is more than 2 football fields combined at approximately 201,405 sqft with a plot ratio of 2.8. Homeowners should take note that there are mainly 2 meticulously themed segments comprising of Garden Blocks and Tower Blocks. We can choose whether we want to be as close to nature or we want to have a commanding view of the city.

Location

The Tre Ver brings together the best of both worlds. Home by the river, and by the city. A private sanctuary for the family, with a shared sense of community. Man and nature coexisting in harmony. This is riverfront living at its best.

 

Nestled amidst a lush, verdant landscape, The Tre Ver turns a much sought-after riverfront lifestyle into reality. The Kallang River, right at the doorstep of The Tre Ver, connects nature and the city. This is a dream home for both the urbanite and the nature lover. More than 82% of units will have either a pool view or the river view.

As with all other properties in Singapore, public transport is abundant and readily available no matter which area you stay in. But a close proximity to an MRT station is even better and always preferred when it comes to cutting down transport time.

 

The Tre Ver is within walking distance to Potong Pasir MRT station. There are 2 direct paths to the station and one can choose either to walk along existing HDB blocks or choose to walk along the scenic Kallang River. Both ways should take you less than 1 km to reach the station, around a 5 to 10 minutes walk.

Potong Pasir MRT is just two stops to Serangoon MRT Interchange which connects to the Circle Line. One can travel to Paya Lebar Square in under 15 minutes as Paya Lebar MRT is just 4 stations away from Serangoon MRT Interchange. For frequent travellers, taking the train to Changi Airport is a seamless effort. We just need to alight at Paya Lebar station and take the East-West Line to Tanah Merah station and then onwards to Changi Airport MRT station. For sports and fitness fans, the Singapore Sports Hub at Stadium MRT station only a further 3 stations away from Paya Lebar station.

 

Being just 2 MRT station to the Circle Line brings a lot of convenience as Circle Line brings us to places such as Botanic Gardens, Holland Village, Haw Par Villa and Harbourfront.

 

Potong Pasir being on the North-East Line also brings a lot of convenience as Dhoby Ghaut MRT Interchange is just 4 stations away and it is connected to the North-South, North-East and Circle Line. On the North-South Line, Singapore’s top shopping belt Orchard MRT station is just 2 stops from Dhoby Ghaut MRT Interchange.

 

For myself example my workplace is at Marina Bay Financial Centre, the nearest MRT will be either Downtown MRT station or Marina Bay MRT station. So from Potong Pasir MRT station to Dhoby Ghaut MRT station to Marina Bay MRT station, I will only need around 8 stops to reach the station nearest to my office. This can be done in less than 40 minutes!

The Architecture

In recent years, the essence of green buildings has moved beyond structures built with resource conservation in mind to something greater – buildings with biophilic design. These buildings combine elements of nature both in their interior and exterior environments, and have proven to make people feel and perform better. The Tre Ver, the latest collaboration between UOL and architecture firm WOHA, will become the newest addition to the
green residential building landscape in Singapore.

 

In recent times, biophilic design has earned prestigious recognition worldwide. The award-winning WOHA Architects is one of the pioneers of this movement. Among its impressive portfolio includes Newton Suites, PARKROYAL on Pickering, owned by UOL, and Oasia Hotel Downtown. The two hotels won coveted awards by the Council on Tall Buildings and Urban Habitat (CTBUH), a global authority on tall buildings and future cities. Both hotels were lauded for the integration of greenery into their surroundings which have consistently drawn visitors.


UOL and WOHA will also include biophilic design for The Tre Ver, where nature will surround the buildings, even on the upper floors, and bring the outdoors literally to the homeowner’s door. Blessed with over 200m of Kallang River frontage, The Tre Ver’s lush landscaping will blend seamlessly with the waterfront promenade, providing residents with a perfect environment to fulfil their innate desire to connect with nature. Through proximity with nature, The Tre Ver promises to meet the aspirations and trigger the inspirations of residents.

Smart-Home Features

Beyond the usual smart-home options like turning on your aircon or lights remotely or booking facilities on your mobile phone, The Tre Ver has also integrated some interesting smart aspects into the security of the condominium. I particular find the ability to grant visitors access to the condo gates and facilities doors such as the gym or clubhouse remotely through my mobile phone really forward-thinking and pleasing. I can continue granting access to my visitor all the way to my front unit door which also unlocks from my mobile phone. Security is prevalent all these while as the video cameras installed at all entry points are transmitted to my mobile phone and can be verified by myself before I press the final button to grant access. I could be away on a vacation in Bali but at the same time allow my part-time cleaner to enter my premises or even let my nephew in over for a swim!

Riverside Living Lifestyle

The Tre Ver is right on the doorstep to Kallang Park connector. Joggers can either head upwards to Bishan Ang Mo Kio river plains park or jog downwards and after crossing an overhead bridge stretching across the Pan Island Expressway (PIE) to get to the Kallang Riverside Park.

 

The Kallang Park Connector is an approximate 8-km route and is part of the 36-km Central Urban Loop. Take a walk by following the park connector’s route as it winds through mature residential estates such as Bishan, Toa Payoh, Potong Pasir, Bendemeer and Upper Boon Keng in central Singapore.

 

Along the Kallang Park Connector, you could expect beautiful rows of rainforest trees lining by the river. It is a rare sight for a condominium to front a river and a park connector. This area is ideal for people that appreciate quality living in a tranquil surrounding and yet to be near amenities.

Price Analysis

There are 2 other brand new property launches within the close vicinity of The Tre Ver and we can easily compare the prices that each new property launch is selling at.

 

Park Colonial has already begun selling its units and the average per square foot price they are currently selling at is around $1,746 psf. The highest per square foot on record is at $2,024 psf for a 635 sqft unit transacted in July 2018.

 

The Tre Ver launched for sales at a slightly later date than Park Colonial and its current average per square foot price is at around $1,551 psf. The highest per square foot on record is currently at $1,688 psf for a 506 sqft unit transacted in October 2018.

 

The last and yet to be launched will be The Woodleigh Residences and the estimated average per square foot selling price is around $1,8xx psf, with the highest per square foot expected to hit the region of around $2,1xx psf.

One may feel prices at The Tre Ver is higher than the norm but we have to also take note that there will still be upcoming new property launches in the nearby proximity in 2019. Buyers at The Tre Ver can take this knowledge as an opportunity as prices are widely expected to be higher for these other new property launches.

 

Looking at the map below, we have 3 other en-bloc sites slated to start selling in 2019. These sites are purchased by developers through a collective sale and the cost of land has been calculated as follows:

  • Florence Regency – $842 psf ppr
  • Sun Rosier – $1,325 psf ppr
  • How Sun Park – $1,092 psf ppr

 

Judging by the land cost the developers paid for the different en bloc sites, it can be inferred that their selling prices will most likely exceed that of The Tre Ver as you still need to add in demolition, construction, marketing, profit margin and other miscellaneous costs.

Summary

In conclusion, I would strongly recommend home buyers who are looking around for a property to come take a look at The Tre Ver before making any other decisions. The quality and design provided by this UOL developer can be considered outstanding and in a class of its own. Furthermore there is upside potential if you consider the higher prices the other new property launches are selling or are going to sell at. Because at the end of the day these are all property buildings still under construction as we speak and only when the dust settles one may really come to appreciate the beauty and sophistication The Tre Ver would bring to home owners.