Overview Rating
Tenet condo scores well in most factors due to its convenient location, proximity to amenities, and potential for future developments. The leasehold tenure and moderate rental yield are minor considerations but not deal-breakers. Overall, Tenet is a promising investment option for both homebuyers and investors looking for a moderately priced property in Singapore.
Tenure
Tenet is a leasehold property with a 99-year lease. While leasehold properties tend to be more affordable compared to freehold properties, they may have slower capital appreciation over time.
Amenities
Tenet condo is located near various amenities, making it convenient for residents. It is a 5-minute walk away from the future Tampines North MRT station and has several bus stops nearby. There are also numerous shopping malls within an 8-minute drive, such as Tampines Mall, Tampines 1, Century Square, and Our Tampines Hub. Additionally, there are schools within a 2-8 minute drive away like Angsana Primary School, Meridian Secondary School, Elias Park Primary School, and Temasek Polytechnic.
Future Development
The Tampines North area has plans for future development by URA, including the construction of new transportation links, such as the Tampines North Integrated Transport Hub and more amenities. This will positively impact the property’s appreciation over time.
Sale PSF Price
Tenet’s estimated average PSF price is $1,379, which is lower than the average PSF price in the Outside Central Region (OCR) at approximately $1,971 but higher than other regions like Rest of Central Region (RCR) and Core Central Region (CCR). This makes it moderately priced compared to other condos in Singapore.
Resale Potential
The resale potential of Tenet looks promising due to its strategic location near transportation links and amenities like schools and shopping malls. Furthermore, its location in the growing area of Tampines North with upcoming developments could contribute to the condo’s value appreciation in the future.
Rental Yield
Based on Singapore’s average rental yield of around 3-4%, Tenet’s potential rental yield can be considered moderate due to its proximity to amenities like transportation links, schools, and shopping centers that would attract tenants.
Tenet EC is a new executive condominium (EC) development located along Tampines Street 62 in District 18, Singapore. Scheduled to be completed in 2026, the development offers a total of 618 units with unit sizes ranging from 3 to 5 bedrooms. Boasting a range of impressive amenities, this development caters to various lifestyles and preferences.
Location
Pros
Tenet EC’s location offers several distinctive advantages for residents. Situated near the upcoming Tampines North MRT station, commuting will be convenient once the Cross Island Line becomes operational. The surrounding area also provides easy access to numerous schools like Angsana Primary School, Meridian Secondary School, and Temasek Polytechnic.
The condo is close to thriving business districts such as Punggol Digital District, Paya Lebar New Town, and the revamped Changi Region. Additionally, shopping centers including IKEA Tampines, Giant Hypermarket, White Sands, Tampines Mall, Century Square, and Downtown East are all within easy reach.
Cons
One possible downside of Tenet’s location might be its distance from the city center. While it provides a quieter atmosphere on the outskirts of Tampines Central, some residents may find it less convenient for their work or leisure activities.
Units
Pros
Tenet EC offers well-designed units with flexible layouts catering to different family sizes and needs. The unit sizes range from smaller 3-bedroom layouts for young couples starting a family to larger penthouse options with five bedrooms for those who require more space.
The quality finishes and unique design elements found throughout the units add value and appeal to potential buyers.
Cons
A potential drawback could be that some buyers may prefer more compact or budget-friendly options that are not available at Tenet EC given its focus on larger family-centric units.
Price
Considering the quality of amenities, unit layouts, and the strategic location of Tenet EC, its starting price of $1.1 million appears to be competitive compared to similar properties in the area. However, potential buyers should conduct thorough market research and compare with other developments before making a decision.
Conclusion
In summary, Tenet EC’s impressive facilities, well-designed units, and convenient location make it an attractive option for those looking for a family-oriented development in Tampines. While its distance from the city center may be a downside for some individuals, others may enjoy the quieter surroundings it offers.
Overall, if you are seeking a spacious home with access to excellent amenities near thriving business districts and shopping centers in Tampines, Tenet EC could be worth considering as an investment opportunity.
