Do you know that this development is now so popular that it has sold more than 80 units since the start of ‘Circuit Breaker’ period?
Already more than 95% sold, what exactly is The Tapestry price point now?
The Tapestry price remains to be one of the lowest among all new launches you can still find in today’s market, with $692k being all it takes to own a 1 bedroom unit that’s situated on level 13. Their 2 bedroom (fr $844k) and 3 bedroom (fr $1.243m) units are also still attractive to many property buyers, considering this development is about to obtain its TOP very soon.
If you have been searching high and low for prices on this elegant development in Tampines, you can now finally get all the real updated prices below!
To make it simple for you, we’ve put out this price list for all the various unit types in The Tapestry:
1 + Study
2 + Study
4 Dual Key
The above table shows the entry prices for each unit type. And of course, prices will be higher for higher floor units and premium facing units.
If you’d like to grab hold of the complete price list, book a showflat viewing or get a detailed consultation on your purchase finances / calculation, you are just a click away below…
We are the official appointed developer sales and all prices will be direct developer prices.
If you consider yourself a savvy property buyer, you will certainly want to know how the current unit prices are pegged to the developer’s land cost.
Let’s help you find out with more facts and figures..
Back in April 2017, the highly contested Government Land Sales for this plot of land in Tampines Ave 10 attracted nine hopeful bidding developers.
And eventually it was the re-owned local developer, City Developments Ltd (CDL) who managed to win this site that sits in between 3 private condominiums (Q Bay Residences, The Santorini and The Alps Residences) and another upcoming Executive Condominium (Park Central Residences)
So, what land price did the developer actually fork out for this 233,769sqft plot of land that overlooks the Tampines Quarry?
The land price of The Tapestry stands at $370.1 million, resulting in the winning bid being 5.7% higher than the second highest bidder by Kingsford Development at $350 million. This total land cost effectively translates to an estimated land rate of $565psf per plot ratio (ppr).
Today, not many developers are sitting on a land cost as low as The Tapestry. Only Kandis Residence ($481psf ppr) and The Jovell are sitting on lower psf per plot ratio.
But if you look into a more direct comparison with nearby new launches, you will find that Treasure at Tampines ($676psf ppr) and Riverfront Residences ($706psf ppr) are both sitting on higher land costs.
Given this relatively competitive land price, it is almost certain that prices here will remain attractive for those who manage to grab hold of a unit here before selling out.
We’ve shown you the entry prices above.
But just by looking at the prices above, you may not know that The Tapestry is already more than over 95% sold.
Inventory here is getting very low, and you might be wondering if there are still any suitable units for yourself.
So, what are the The Tapestry balance units that are still available? Let’s break down the remaining number of units for each unit type:
1 Bedroom – 3 units left
1 + Study – 3 units left
2 Bedroom – 28 units left
3 Bedroom – 6 units left
As you see above, the balance units remaining out of the total 861 units are depleting real fast and units are still being sold almost everyday! (TOP soon in less than 6 months time is the biggest factor!)
Get in touch with us below to find out more about this hot new launch condo.
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Now that you’ve seen the prices and balance units availability, would you like full details on this development?
We have a full review on The Tapestry, where you will be able to find comprehensive information such as the:
Understand everything about this development and help yourself make a better property decision..