Tenet EC | D18 | 99yrs
Tenet EC at Tampines North, Tampines Street 62, is jointly developed by Qingjian Realty and Santarli Construction Pte Ltd. They won top bid for this site with a land size of 256,172 sq ft. This EC site is going to be launched at the end of 2022. It comprise 618 units of 3br to 5br.
EC is ideal for 1st timers. With CPF Grant of up to $30k for eligible 1st time applicants, or 2nd timers as no ABSD is payable for HDB upgraders, this has make it very attractive for those eligible. 2nd timers can also enjoy Deferred Payment Scheme which will give them ease of mind and flexibility in managing their finances, without having to service 2 mortgages. This scheme allows buyers to put a 20% down payment and defer the balance till TOP.
With EC's entry price approximately 30% lower than a private condominium, it makes it very affordable for those who wish to own and live in a condominium unit.
Click HERE for more info on eligibility and policies.
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Location
Tenet EC site is near mega store such as Ikea, 24hrs Giant Hypermart and Courts. It is also a 3 minutes walk to the upcoming Tampines North MRT station (Cross Island Line). Tampines North MRT station will be a transport node for the Tampines North Estate. It will form an integrated Transport Hub (ITH) with the adjacent new Tampines North Bus Interchange and a shopping mall.
This EC at Tampines North is located near to Tampines Regional Centre with 3 shopping malls, Downtown East, Pasir Ris Park and Changi Village. Hence, residents will have endless fun over weekend family outings and friends get-together. It will definitely attract many applicants.
Major Expressways such as TPE, KPE and PIE are easily accessible to bring residents to nearby towns like Punggol, Hougang and Bedok.
Tenet EC is also near to reputable schools - St. Hilda's, Poi Ching and United World college.
For other new and upcoming property launches, please click HERE! Or visit our showcase of Singapore Property New Launches where you can browse new launches by Region for your house-hunting.
Why Tenet EC?
Prices of private residences are expected to rise due to the limited and dwindling supply of private condominiums. As a result, the price gap of Executive Condominium (EC) and Private Condominium will widen. Thus, this makes ECs a very wise and affordable choice. ECs is the best investment ever for those who are eligible! ECs are no different from any 99-year leasehold condominium after the 5-year MOP period. Do not miss!
Expect only 2-3 EC Launches this year, in the year 2022. North Gaia in Yishun (which will be launched in March 2022; Tengah EC (approximate 3rd quarter of 2022); and lastly EC at Tampines St. 62 (which will be out either end 2022 or early 2023).
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Tenet EC Site Plan
Tenet EC Quick Facts
Brief project information of Tenet EC for quick reference. More information will be released soon!
DEVELOPERS: Qingjian
DEVELOPMENT: Executive Condominium
DISTRICT: 18
TENURE: 99-yr Leasehold
ADDRESS: Tampines Street 62
SITE AREA: 256,172 sq ft
PLOT RATIO: 2.5
TOTAL UNITS: 618 units
UNIT MIX: 3br to 5br
CARPARK LOTS: TBA
EXPECTED TOP: TBA