As expected, Tampines’ continued run of BTO releases with this November’s limited 657-unit release of 2-room Flexi, 3-room, 4-room and 5-room units reaped results for HDB. Demand was high for this development, and we don’t see much Balance of Sales units coming from this development. However, we think that you should consider a unit in this development if any Balance of Sales units come up while you’re in the market.
The thing about this development is that the site is placed about 500m away from the MRT and interchange. That is easy access to the city, and rest of the island via Downtown and East-West Lines. Of course, there’s Tampines Hub, Century Square, Tampines Mall and Tampines One to supply an avalanche of food and shopping options. Additionally, the furniture behemoth in the form of Ikea, and groceries in the form of a Giant hypermarket exist just short ride away, together with a huge Courts superstore.
Beyond that, the Mature Estate label means a wide range of primary to tertiary school options. That means that both Temasek Polytechnic, as well as SUTD and ITE College East, are nearby.
We predicted that 4-room flats would start at approximately $310,000 and that the location and the demand, would feed higher prices than September’s Tampines release. It turns out that prices are higher than we expected, as we’re seeing the 5-room flats break the $600,000 mark, while 4-room flats have broken into the $480,000.
Here are the final prices for the Tampines GreenSpring BTO development:
- 2-room Flexi (38 sqm): Prices start at $145,000 and go up to $171,000
- 2-room Flexi (47 sqm): Prices start at $193,000 and go up to $216,000
- 3-room: Prices start at $281,000 and go up to $328,000
- 4-room: Prices start at $394,000 and go up to $480,000
- 5-room: Prices start at $508,000 and go up to $606,000
Tampines continues its hot streak, and we see this mature estate growing into a mini-city of its own in time to come.