On November 12–13, potential customers gathered around the Tenet scale model during the preview weekend

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

The Botany at Dairy Farm condo price of $347 million, translating to $980 psf per plot ratio (ppr) comes after the tender for the site development was awarded to a renowned developer, Sim Lian Group March last year.

Aimed at first-time 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 luxury units have 930 sq ft. 4 bedroom units begin at 1,098 square feet, and four-bedroom and study units measuring at 1,367 sq feet. Five-bedroom and study units vary in size between 1,561 and 1,572 sq feet.

Around 59% (363 units) of the 618 units are three bedders, and four-bedders account for the remaining 210 units (34%) and five-bedders and the remainder of seven% (45 units).

Three-bedroom study apartments begin at $1.098 million ($1,230 per square foot) and three-bedroom premium units with 980 square feet cost $1.268 million ($1,294 per sq ft). The indicative prices for four-bedroom apartments start at $1.438 million ($1,310 per square foot) 5 bedroom and study-related units are listed at prices starting from $2.078 million ($$1,331 per sq ft). The average indicative price is $1,331 per sq ft.

The development comprises 11 blocks with 15 storeys each. It is developed by award-winning local architect 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 and is expected to be completion by the 1st quarter of 2026.

Tenet is Qingjian Realty’s initial 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 high demands for units in Tenet. Tampines North is located within the Tampines Regional Centre, an established zone. “Tampines North is an established estate, close to both the lifestyle and business centres,” she adds.

Tenet is just a five minute walk from the planned Tampines North MRT Station on the Cross Island Line which is set to be completed by 2030.

The area is also within a 1-km radius of primary schools like Angsana Primary School Elias Park Elementary School, and Park View Primary School. Secondary and tertiary institutions nearby are 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 anticipates that the project will be very popular with families with kids who are in school. The location in Tampines makes it easily located 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 it will also have an additional mall called Pasir Ris Mall.

She also points out 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 also benefit 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 including appliances by Bosch and Franke, with fixtures for bathrooms and sanitaryware from Hansgrohe as well as Roca.

Units are designed to have flex spaces along the hallway which could be converted into a study space or a workspace. The walls between bedrooms could be torn down to create larger spaces. “We create flexible spaces that are able to be changed when family needs change as time passes,” says Chong.

Facilities for the community are scattered across the first and third floors of the building in addition to the top of the multi-storey car park. There is a 50-meter swimming pool, an infinity pool, entertainment area and various function rooms, along with the karaoke space as well as a music room, the piano area, a multi-purpose court half-court basketball, as well as a full-sized tennis court. There’s libraries and peaceful areas within the grounds that those looking for a tranquil space to work or study can go to, 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 and an EC site 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 an unprecedented price of $662 per sq ft per plot ratio.

EC demand
Tenet’s launch follows on the occasion of the debut of 639 units Copen Grand which is an EC located at Tengah Garden Walk. Copen Grand was launched on Oct 22nd and, up to the present there have been the apartments of 483 (75.6%) have been sold at an average price of $1,337 per sq ft, based upon reservations made by URA Realis.

The most recent EC project that was launched within Tampines included 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 less than a year at an average cost of $1,174 per square foot in accordance with caveats filed in conjunction with 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 a lot of demand, particularly for Tampines,” she adds.

Chong believes EC prices to be constant, considering the household income of $16,000 per month minimum requirement as well as that the ratio for mortgage service is 30%. Apart from the usual progressive payment plan, EC buyers are also able to select the deferred payments scheme. Buyers do not have to pay an additional stamp duty on the buyer’s behalf as she explains.

Furthermore, second-time homeowners are not required to sell their current HDB flats until they’ve obtained key keys for their brand-new EC units. After that, they will have six months to complete the sale According to Chong.

The sales booking for Tenet is scheduled for Dec 3.