Tenet EC - Tampines North EC

10/11/2022

Tenet EC is a new launch executive condominium at Tampines St 62, near Tampines North MRT on the Cross-Island line. Read our Tenet EC showflat review on its location, appreciation analysis and prices.

09/11/2022

21/09/2022

Travelling from Tampines to Jurong Lake District (incidentally where the HSR plan might be revived) would be a breeze in 2032.

Tenet EC shall be very near Tampines North MRT station.

Drop us a message to arrange for showflat viewing in mid Nov!

Credits: Straits Times 210922

22/07/2022

SINGAPORE - Records were smashed when bids were lodged yesterday for two residential sites under the Government Land Sales (GLS) programme.

Tenders for both 99-year leasehold plots - a Tampines executive condominium (EC) parcel and one in Lentor Central - closed last night with nine bids lodged for each, as developers rushed to replenish land banks as unsold private housing inventory nears a four-year low of 16,929 units.

The top bid for the EC plot in Tampines Street 62 was lodged by a joint venture between Qingjian Realty and Santarli Construction at $422 million, or $659 per sq ft per plot ratio (psf ppr).

Their bid was just 1.4 per cent above the second-placed one of $416.3 million.

The $422 million bid is the highest land rate to be paid for an EC site in the history of this type of housing, said Mr Nicholas Mak, head of research and consultancy at ERA Singapore.

It broke the previous record land rate of $603 psf ppr for an EC site in Tengah Garden Walk, the last GLS EC land tender that closed just before this tender, he added.

Analysts noted that six of the nine bids for the Tampines plot, which is expected to yield 590 units, were above the $603 psf ppr land rate for the Tengah Garden Walk site.

"The developer would have to launch the future Tampines EC project at above $1,250 psf. The current median transacted prices for new EC units in the second quarter this year is $1,154 psf," Mr Mak said.

Mr Ong Teck Hui, senior director of research and consultancy at JLL, said a strong selling point is the site's proximity to the upcoming Tampines North MRT station and amenities in Tampines town.

Reproduced from Straits Times on 23 July 2021

12/07/2022

Tampines North - a new town where Tenet EC is going to be in

An extension of the regional centre, Tampines, Tampines North will provide its residents a wholesome environment to live, work, learn, and play at the same time. Plenty of fun activities await in the upcoming transformation of Tampines North. There will be huge landscaping where community spaces will be allocated for fellow residents to interact with each other.

Credits to: HDB Website