The Tre Ver site was formerly known as Raintree Gardens.  It was once a privatised Housing & Urban Development Co built in the 1980s to look after the welfare and demand of the middle-income Singaporean.  The Tre Ver formerly Raintree Gdns was successful for a collective sales at a selling price of at $334.2 mil (SGD) and this plot was bid for by no less than 5 developers in the year October 2016.  This purchase price translated to about S$797 per square feet per plot ratio (psf/ppr) including the premium paid to the relevant Singapore authority for topping up the lease to a fresh 99 years for the redevelopment at The Tre Ver condo to a gross plot ratio of 2.8.