Tenet EC weekend preview draws over 5,000 visitors
By Hailey Yu
/ EdgeProp Singapore |
SINGAPORE (EDGEPROP) - Tenet, a 618-unit executive condominium (EC) located at Tampines Street 62 in Tampines North, previewed on Nov 12, drawing more than 5,000 visitors. According to the developers, all the appointment slots were taken up. The EC is developed jointly by Qingjian Realty, Santarli Realty and Heeton Holdings.
The queue at the entrance of the sales gallery of Tenet (Samuel Isaac Chua/ The Edge Singapore)
Targeted at both first-time buyers and upgraders, Tenet EC comprises a mix of units. Three-bedroom units range from 893 to 958 sq ft, while three-bedroom premium units are 930 sq ft. Four-bedroom units start from 1,098 sq ft, with four-bedroom plus study units sized at 1,367 sq ft. Five-bedroom plus study units range in size from 1,561 to 1,572 sq ft.
About 59% (363 units) of the 618 units are three-bedders, with four-bedders accounting for 210 units (34%) and five-bedders, the remaining 7% (45 units).
Showflat of the living room of the three-bedroom apartment at Tenet (Samuel Isaac Chua/ The Edge Singapore)
Three-bedroom plus study apartments start from $1.098 million ($1,230 psf), while three-bedroom premium units of 980 sq ft are priced from $1.268 million ($1,294 psf). Indicative prices for four-bedroom units are from $1.438 million ($1,310 psf), while five-bedroom plus study units are tagged at prices from $2.078 million ($$1,331 psf). The indicative average price is said to be $1,331 psf.
The project has 11 blocks of 15 storeys each, and is designed by local award-winning architectural firm ADDP Architects, with East 9 Architects & Planners as the interior designer. Ecoplan Asia is the landscape architect. Santarli Realty will be handling the construction of the project, which is scheduled for completion by 1Q2026.
The dining and living area of the three-bedroom apartment (Samuel Isaac Chua/ The Edge Singapore)
Tenet marks Qingjian Realty’s first project in the east of Singapore and the developer’s eighth EC project in Singapore, according to Yen Chong, deputy general manager, Qingjian Realty.
‘Mature estate’
Chong anticipates keen demand for the units at Tenet. Tampines North is located within the Tampines Regional Centre, an established area. “Tampines North is a mature estate, near business and lifestyle centres,” she adds.
Tenet is within a five-minute walk of the future Tampines North MRT Station on the Cross Island Line which is scheduled to open in 2030.
We create flex spaces that can be transformed as family’s needs change over time (Samuel Isaac Chua/ The Edge Singapore)
The development is also within a 1km range of primary schools such as Angsana Primary School, Elias Park Primary School and Park View Primary School. Secondary and tertiary schools nearby include Dunman Secondary School, St Hilda’s Secondary School, Tampines Junior College, Temasek Polytechnic and Singapore University of Technology and Design. International schools in the vicinity include United World College Southeast Asia (East Campus), Overseas Family School and The Japanese School.
Showflat of a living and dining area of the four-bedroom at Tenet showflat (Samuel Isaac Chua/ The Edge Singapore)
Chong foresees the project being popular with families with children of school-going age. Its location within Tampines means it is conveniently located within a five- to 10-minute drive of malls such as Tampines Mall, Tampines One, Ikea Tampines, Giant Hypermart and Jewel at Changi. In the future, there will also be the Pasir Ris Mall.
She also highlights that Tenet’s proximity to future developments and economic growth corridors such as Paya Lebar New Town, Punggol Digital District and Changi Region will further benefit the development.
Facilities
Each block contains just four units per floor. Most of the units come with spacious balconies. Bedrooms will have a curtain wall facade, which allows expansive views. Units will have kitchen fittings and appliances from Bosch and Franke, with bathroom fittings and sanitaryware from Hansgrohe and Roca.
Kitchen of a four-bedroom apartment (Samuel Isaac Chua/ The Edge Singapore)
Units are designed with flex space along the hallway, which can be turned into a study alcove or workspace. The walls between adjoining bedrooms can be torn down to create bigger rooms. “We create flex spaces that can be transformed as family’s needs change over time,” says Chong.
The wall separating the master bedroom and the adjoining bedroom which has been turned into a nursery (Samuel Isaac Chua/ The Edge Singapore)
Communal facilities are spread across the first and third storeys of the development, as well as the roof of the multi-storey car park. They include a 50m swimming pool, infinity pool, entertainment room and multiple function rooms, as well as a karaoke room, music room, piano room, multi-purpose court, a basketball half-court and a full-sized tennis court. There are also a library and quiet corners within the grounds where those who want a quiet place to study or work can retreat to, says Chong.
Upcoming residential projects by Qingjian Realty include The Arden on Phoenix Road, off Choa Chu Kang Road; and an EC at Bukit Batok West Avenue 8. Qingjian Realty and Santarli Realty had won the tender for the Bukit Batok West EC site in March this year, paying a record price of $662 psf per plot ratio.
Master bedroom of the four-bedroom apartment (Samuel Isaac Chua/ The Edge Singapore)
EC demand
Tenet’s launch comes on the heels of the launch of the 639-unit Copen Grand, an EC at Tengah Garden Walk. Copen Grand was launched on Oct 22, and to date, 483 units (75.6%) have been sold at an average of $1,337 psf, based on caveats lodged with URA Realis.
The last EC project launched in Tampines was the 700-unit Parc Central Residences at Tampines Street 86. Launched in January 2021, the project was fully sold in less than a year at an average price of $1,174 psf, based on caveats lodged with URA Realis.
Despite the uncertain economic conditions, Chong remains optimistic about the demand for ECs, and for Tenet. “I believe there will be strong demand, especially in Tampines,” she adds.
Chong expects EC prices to remain stable, given the $16,000 monthly household income ceiling requirement and the mortgage servicing ratio of 30%. Besides the normal progressive payment, EC buyers can also opt for the deferred payment scheme. Buyers need not pay additional buyer’s stamp duty upfront, she adds.
What’s more, second-timers need not sell their existing HDB flats until they have received the keys to their new EC units, after which they have another six months to do so, according to Chong.
Sales booking at Tenet is scheduled on Dec 3.
Check out the latest listings near Tenet, Copen Grand, Parc Central Residences, Tampines North MRT Station, Angsana Primary School, Elias Park Primary School, Park View Primary School, Dunman Secondary School, St Hilda’s Secondary School, Temasek Polytechnic, Singapore University of Technology and Design
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