Over 5,000 people attend the Tenet EC weekend preview

Tenet is a 6-18 unit executive condominium (EC) located on Tampines Street 62 in Tampines North it was revealed on November 12 and attracted over 5,000 guests. In the words of the developers that, all scheduled slots were taken. The EC is a joint venture between Qingjian Realty, Santarli Realty and Heeton Holdings.

Designed for new buyers as well as upgraders, Tenet EC comprises a mix of units. Three-bedroom units are available between 893 to 958 square feet, while three-bedroom premium units measure 930 square feet. The four-bedroom models start at 1,098 square feet. There are four-bedroom units that include study space at 1,367 sq feet. Five-bedroom units with study are available in sizes ranging between 1,561 and 1,572 sq feet.

Lentor Hills Residences land price equivalent to S$1 060 per square foot per plot ratio (psf ppr).

Around 59% (363 units) of the 618 units are three bedders, with four-bedders making up 220 units (34%) and five-bedders and the remainder of 7% (45 units).

Three-bedroom apartments with study are priced from $1.098 million ($1,230 per square foot) Three-bedroom luxury units that measure 980 square feet cost $1.268 million ($1,294 per sq ft). Prices for four-bedroom units start at $1.438 million ($1,310 per square foot) and five-bedroom with study rooms are priced at prices starting from $2.078 million ($$1,331 per sq ft). The median price for the indicative estimate is $1,331 per sq ft.

The building has 11 blocks with 15 storeys each, and was created by the award-winning local architectural company 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 that is scheduled for completion by the 1st quarter of 2026.

Tenet is Qingjian Realty’s debut project in the east region of Singapore and also the developer’s 8th EC development in Singapore according to Yen Chong the deputy general manager of Qingjian Realty.

‘Mature estate’
Chong anticipates a high demands for units located at Tenet. Tampines North is located within the Tampines Regional Centre, an established zone. “Tampines North is an established estate that is close to the lifestyle and business centres,” she adds.

Tenet is located within a five-minute stroll of the upcoming Tampines North MRT Station on the Cross Island Line which is set to be completed by 2030.

The area is also within a one-kilometre radius of primary schools, including Angsana Primary School Elias Park Elementary School, and Park View Primary School. Secondary and tertiary institutions nearby comprise Dunman Secondary School, St Hilda’s Secondary School, Tampines Junior College, Temasek Polytechnic and Singapore University of Technology and Design. Schools that are international in the area comprise United World College Southeast Asia (East Campus), Overseas Family School and The Japanese School.

Chong believes that the project will become loved by families with children who are in school. Its location in Tampines means that it is situated within a five- to 10-minute drive from malls like Tampines Mall Tampines One, Ikea Tampines, Giant Hypermart and Jewel at Changi. In the near future Tampines Mall will also include Tampines One, which will be located at Pasir Ris Mall.

She also explains the proximity of Tenet to other construction projects as well as economic growth corridors like Paya Lebar New Town, Punggol Digital District and Changi Region will further enhance the growth.

Facilities
Each block has only four units on each floor. The majority of units are equipped with large balconies. Bedrooms are fitted with a curtain wall that allows wide-ranging views. Apartments will be fitted with kitchen fixtures as well as appliances made by Bosch and Franke, with the bathroom fittings and sanitaryware of Hansgrohe as well as Roca.

The units are designed with flexible space in the hallway that can be transformed into a study space or work space. The walls that separate bedrooms could be torn down to create larger spaces. “We create flexible spaces that can be rearranged when family needs change as time passes,” says Chong.

The communal facilities are located on the first and third floors of the building in addition to the roof of the multi-storey vehicle park. There is a 50-meter swimming pool, an infinity pool, entertainment area and multi-purpose rooms. They also have an karaoke area and music room, a music room, multi-use court half-court basketball, as well as a full-sized tennis court. There is as well a library and some quiet spaces within the grounds, where people who need a peaceful space to work or study can relax, according to Chong.

In the near future, residential projects developed from Qingjian Realty include The Arden located on Phoenix Road, off Choa Chu Kang Road as well as an EC located at Bukit Batok West Avenue 8. Qingjian Realty and Santarli Realty were the winners of the bid of Bukit Batok West EC. Bukit Batok West EEC site in March of this year. They paid the record amount of $662 per square foot for the plot ratio.

EC demand
Tenet’s launch follows on the occasion of the opening of the six-square unit Copen Grand the EC located at Tengah Garden Walk. Copen Grand was launched on October 22nd, and until now there have been there have been 483 apartments (75.6%) have been sold at an average price of $1,337 per square foot, based on the caveats that were lodged in conjunction with URA Realis.

The most recent EC project that was launched within Tampines is that of the 700 unit Parc Central Residences located at Tampines Street Tampines Street. It was officially launched in January 2021. the project was sold within a short time with an average of $1,174 per square foot Based on caveats lodged by URA Realis.

In spite of the present uncertain financial climate, Chong remains optimistic about the demand for ECs as well as for Tenet. “I think there will be an increase in demand, particularly within Tampines,” she adds.

Chong believes EC prices to be steady, given the household income of $16,000 per month minimum requirement as well as an average mortgage-service ratio of%. Apart from the usual progressive payment plan, EC buyers may also choose the deferred payments scheme. Buyers are not required to pay the buyer’s stamp duty in advance as she explains.

In addition, second-time buyers are not required to sell their current HDB flats until after they have obtained key keys for their brand-new EC units. After that, they will have six months to complete the sale according to Chong.

The booking of sales at Tenet is scheduled for December 3.