{"id":62944,"date":"2023-01-10T16:58:36","date_gmt":"2023-01-10T08:58:36","guid":{"rendered":"https:\/\/www.99.co\/singapore\/insider\/?p=62944"},"modified":"2023-04-01T01:55:21","modified_gmt":"2023-03-31T17:55:21","slug":"tenet-new-launch-ec","status":"publish","type":"post","link":"https:\/\/www.99.co\/singapore\/insider\/tenet-new-launch-ec\/","title":{"rendered":"Tenet EC is 93.2% sold to date, paves the way for other new launch ECs"},"content":{"rendered":"
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Executive condominium Tenet<\/a> has sold 93.2% of its units in total (576 out of 618) after releasing its remaining units to second-time buyers on 7 January 2023 in a physical event.<\/p>\n

Out of 163 units released in Tenet EC’s latest round of bookings, 121 of them were sold at an average of S$1,380 psf. All 4-bedroom units have been fully sold, but 3 and 5-bedroom units are still available to eligible buyers.<\/p>\n

Second-time buyers refer to those who have bought a subsidised HDB flat. However, they would have to pay a resale levy in order to buy a new EC.<\/p>\n

Overwhelming response to first physical balloting post-pandemic<\/h2>\n
\"huge<\/a>
Tenet EC received a huge turnout of second-time buyers on 7 January 2023 (Image source: Qingjian Realty)<\/figcaption><\/figure>\n

Tenet EC had the first physical balloting and booking exercise since the Covid-19 pandemic and saw a huge turnout. Close to 140 buyers registered to ballot at Tenet EC’s show gallery as early as 8.30am.<\/p>\n

This comes a month after Tenet EC’s sales launch for first-time buyers in December 2022, where it sold 72% of units.<\/p>\n

\"potential<\/a>
Potential buyers at Tenet EC’s show gallery (Image source: Qingjian Realty)<\/figcaption><\/figure>\n

According to Tenet EC’s developers, Qingjian Realty, Santarli Realty and Heeton Holdings, buyers and agents enjoyed the whole process of balloting and booking their choice units.<\/p>\n

\u201cThe enthusiastic response of families and agents to attend the physical event today gives us confidence that we are delivering what buyer wants \u2013 a home that is curated for young and multi-generational families. We are thrilled with the unique and exciting atmosphere of the live event, the first since the start of the pandemic, and we look forward to the next EC at Bukit Batok later this year,” says Yen Chong, Deputy General Manager of Qingjian Realty.<\/p>\n

Tenet EC is near an MRT station and an upcoming integrated development<\/h2>\n

Tenet EC’s popularity could be attributed to its good location near the upcoming Tampines North MRT station (5-minute walk away). Situated along the Cross-Island line (CRL)<\/a>, the station will connect residents to central and western Singapore, such as the Jurong Lake District.<\/p>\n

\"tenet<\/a>
Tenet’s showflat model<\/figcaption><\/figure>\n

Tampines North MRT station will be linked to a new integrated development along Tampines Ave 11<\/a>. The government land sales (GLS) site is 50.7ha and can potentially yield 1,190 residential units. There will also be 14,000 sqm of commercial space. The site is currently open for tender and will close in June.<\/p>\n

Besides its location, Tenet EC is suitable for different types of families. We’ve covered the project’s floor plans and unit layouts in our Tenet EC review<\/a>.<\/p>\n

New ECs launching in 2023\/24 to upgrade to<\/h2>\n
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With the success of Tenet EC, we expect upcoming new launch ECs to do as well (or even better). If you plan to upgrade from an HDB to a new EC, here are the new launch ECs to consider.<\/p>\n

Bukit Batok West Avenue 8<\/a><\/h3>\n<\/div>\n

No. of units (estimated):<\/strong> 375<\/p>\n

Expected TOP date:<\/strong> 2027<\/p>\n

Nearest MRT:<\/strong>\u00a0Bukit Gombak MRT<\/a>,\u00a0Tengah Park MRT<\/a><\/p>\n

Primary schools within 1km:<\/strong> Dazhong Primary, St. Anthony’s Primary<\/p>\n

\"Bukit<\/a>
Location of Bukit Batok West Ave 8 and Bukit Batok West Ave 5 EC<\/figcaption><\/figure>\n

Bukit Batok West Avenue 5<\/a><\/h3>\n

No. of units (estimated):<\/strong> 495<\/p>\n

Expected TOP date:<\/strong> TBC<\/p>\n

Nearest MRT:<\/strong>\u00a0Bukit Gombak MRT<\/a>,\u00a0Tengah Park MRT<\/a><\/p>\n

Primary schools within 1km:<\/strong> Dazhong Primary, St. Anthony’s Primary<\/p>\n

Both ECs at Bukit Batok West are beside each other and are located near the upcoming Tengah estate, which will have Singapore’s first car-free town centre.<\/p>\n

If you’re a nature lover, both sites will appeal to you as they are near Bukit Batok Hillside Park. Other nature sites like Little Guilin and Bukit Batok Nature Park are just a short drive away.<\/p>\n

If you’re currently living in Bukit Batok and are planning to sell your HDB to upgrade to either of these ECs, here are the average resale HDB prices in Jan 2023:<\/p>\n\n\n\n\n\n\n\n
Average resale HDB prices in Bukit Batok<\/strong><\/td>\n<\/tr>\n
3-room<\/span><\/td>\nS$373,942<\/span><\/td>\n<\/tr>\n
4-room<\/span><\/td>\nS$552,600<\/span><\/td>\n<\/tr>\n
5-room (less than 10 transactions)<\/span><\/td>\nS$786,315\u00a0<\/span><\/td>\n<\/tr>\n
Executive (less than 10 transactions)<\/span><\/td>\nS$806,996<\/span><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

 <\/p>\n

\"Seller<\/a><\/p>\n

Tengah Plantation Loop<\/h3>\n
\"Tengah<\/a>
GLS site of Tengah Plantation Loop EC<\/figcaption><\/figure>\n

No. of units (estimated):<\/strong> 495<\/p>\n

Expected TOP date: TBC<\/strong><\/p>\n

Nearest MRT:\u00a0<\/strong>Tengah Park MRT<\/a><\/p>\n

Primary schools within 1km:<\/strong> Princess Elizabeth Primary, Jurong Primary, Yuhua Primary<\/p>\n

Tengah Plantation Loop will be the second EC in Tengah after Copen Grand<\/a>. The EC will be a 5-minute walk to the future Tengah Park MRT<\/a>. Residents can conveniently head to Jurong East for retail and F&B options at JEM, Westgate or IMM. The Jurong Lake District is also a short drive away.<\/p>\n

If you’re currently living near Tengah Plantation Loop and are planning to sell your HDB to upgrade to the EC, here are the average resale HDB prices in neighbouring estates in Jan 2023:<\/p>\n\n\n\n\n\n\n\n
<\/td>\nBukit Batok\u00a0<\/span><\/td>\nChoa Chu Kang<\/span><\/td>\nJurong East<\/span><\/td>\n<\/tr>\n
3-room<\/span><\/td>\nS$373,942<\/span><\/td>\nS$406,500 (less than 10 transactions)<\/span><\/td>\nS$310,000 (1 transaction)<\/span><\/td>\n<\/tr>\n
4-room<\/span><\/td>\nS$552,600<\/span><\/td>\nS$519,790<\/span><\/td>\nS$498,600 (less than 10 transactions)<\/span><\/td>\n<\/tr>\n
5-room\u00a0<\/span><\/td>\nS$786,315 (less than 10 transactions)<\/span><\/td>\nS$591,714 (less than 10 transactions)<\/span><\/td>\nS$625,000 (less than 10 transactions)<\/span><\/td>\n<\/tr>\n
Executive\u00a0<\/span><\/td>\nS$806,996 (less than 10 transactions)<\/span><\/td>\nS$728,333 (less than 10 transactions)<\/span><\/td>\nS$780,106 (based on average in 2022)<\/span><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n