Tenet at Tampines will be launching soon! Talk about convenience? Tenet is where it’s at! Find out more information from the location to the floor plans in this article!
Location
Tenet is located at Tampines street 62 in district 18. Tenet at Tampines was previously known as Tampines street 62 (Parcel A) in the government land sales (GLS) program. Future residents of Tenet EC are in for a treat! They’ll get easy access to Tampines North MRT station on the Cross Island Line (CRL) and an integrated transport hub with retail/commercial outlets, as well as bus interchanges. Additionally, The Tampines North MRT station will be within a 5-minute walk from Tenet at Tampines.
In September 2022, it was announced that the Cross-Island Line will soon extend all the way to the west, cutting through King Albert Park, Maju, Clementi, and the Jurong Lake District. Furthermore, the Integrated Transport Hub will provide residents of Singapore with a wide range of diverse bus services.
The potential value of Tenet at Tampines is clear for all to see, with its prime location and luxurious amenities.
Facade
Tenet has a very modern, everlasting, and timeless design as you can see here! The key highlights of this Tenet condo have some of the most unique features! The 360-degree view from every room is incredible, and there’s also this grand entrance that will make you feel like an elite. Plus all residents can enjoy being greeted by an amazing waterfall as they walk into their own homes.
Guests and residents will be blown away by the incredible amenities at this condo. From a tennis court, 66m infinity pool, and karaoke room to a music room – there’s something for everyone!
The floor plans here are from 3-bedroom to 5-bedroom! Let’s take a look!
Tenet 3br floor plan
This is the smallest unit that Tenet has to offer! It is at 893sqft. It has a bomb shelter that residents can change to the storeroom. Also, it has a designated study area for WFH! This is ideal as a lot of people are working from home at this time and are also perfect for schooling kids.
Another 3-bedroom unit that Tenet has is at 958sqft This is different from the previous one as it has the yard area. Also, every unit comes with windows in the kitchen and toilet. You’ll never have to worry about bad ventilation or bugs again with these Tenet homes!
Tenet 4br floor plan
The smallest 4-bedroom unit at Tenet is at 1098sqft. This unit offers a bomb shelter, a proper enclosed kitchen area, and a huge master bedroom!
The largest 4-bedroom unit is at 1367sqft. It has a bigger living room and it’s designed with landscape architecture!
Tenet 5br floor plan
The 5-bedroom unit at Tenet is similar to the 4-bedroom! Except that everything here is vast which is rare in today’s market.
Additionally, although all the construction is by PPVC, the walls are hackable. This is perfect as you can ‘customise’ your home.
Terra Hill is launching soon and it is one of the most highly-sought after properties in the market. The Terra Hill EC Estimated Price is around $2494.75 psf. On average, it is at $2300-$2600 psf. Is it worth buying Terra Hill? Continue to read this article as we’ll uncover more information about the Terra Hill Estimated Price.
About Hoi Hup Realty Pte Ltd
The development of Terra Hill Singapore is being developed by a partnership between Hoi Hup Realty and Sunway Developments Pte Ltd. Hoi Hup Realty is a well-established Singaporean real estate developer that started operations in 1983. Since then it has completed a high range of projects. The Group’s projects in Singapore include landed and other cluster housing developments, private as well executive condos, and even mixed-use projects. To date, they have helped close to 8,000 homes onto the country’s ever-growing list of real estate!
Some examples include The Ford @ Holland, Waterford Residences, Suites @ Cairnhill, Sophia Hills @ Mount Sophia, Shelford 23, Residences @ Killiney, and The Foresta @ Mount Faber.
Identifying what buyers need and translating that into a successful product launch has been the key to their success. In 2021, they launched Ki Residence which is currently under construction with 93% of units sold within one year of its release date!
The company’s strength lies in its accumulation of experience and knowledge over the years. With dedication, they are able to create spaces that embody quality comfortability, or functionality.
Because of that, the Group has been recognized for its standards by winning several building awards and accolades. – Which bear witness to the best quality work they do. Among these is BCI’s Asia Top 10 Developer Awards over a number of years!
About Sunway Developments Pte Ltd
The Sunway Group, a large Malaysian MNC or conglomerate is one of the most successful real estate developers in Asia!
The group’s business model is vast, spanning several industries. This includes property development and investment including the design/construction of mega projects like Sunway City. Aside from that, it also involves information technology, education, leisure, and hospitality, as well as real estate REITs, and the supply of building materials.
Incidentally, Sunway is one of Singapore’s leading concrete pre-casters too. The company has carried out both private and public sector work locally as well as completed Design & Build projects for their clients! To add, the company is a recipient of multiple awards for its work, including those from international bodies like FIABCI and IFAWPCA.
Terra Hill Estimated Price
Like what we have mentioned above, the Terra Hill Estimated Price is around $2494.75 psf. On average, it is at $2300-$2600 psf. Let’s take a look at the surrounding prices! Is it worth buying Terra Hill? We shall look at the other properties for comparisons below! Also, watch our video to find out more about the The Terra Hill EC Estimated Price.
Bijou Condo
The resale units here is around $2200 psf for a 2-bedroom unit and this is a freehold development!
Skyline Residences
We shall take a look at the resale units here too. This is also a freehold development. The 2-bedroom is also around $2200. The prices here are at least $2000psf and above.
Kent Ridge Hill Residences
This is a 99-year leasehold condo and is fully sold. The prices here are also at least $2000psf and above.
Stirling Residences
This condo has recently TOP around 2 months ago. All of the units here have crossed over $2000psf and it all range from 1-3 bedrooms.
Avenue South Residence
The highest transaction here is at $2600psf and this is also a 99-year leasehold property.
The Reef at King’s Dock
This development is nearer to Vivo City and the recent transaction is at $2500psf.
So we’ve looked at the other properties for comparisons, we shall now look at the potential buyers. The majority of the buyers are in their 30s-40s. For Bijou condo, they can easily rent out the 2 bedrooms for $4000-$6000. 1 bedroom easily at $3000.
For Skyline Residences, they can rent out the 3 bedrooms at $5000-$7000. For Stirling Residence which has TOP 2 months ago, and the 1bedroom rental is at $4000 and above! To conclude everything, the rentability in this area is very attractive!
With more Singapore residents living in condos, the topic of freehold condos is an important one and is definitely a head-turner. Read our article to look at the Freehold Apartment for sale Singapore.
Freehold properties in Singapore are commonly thought of as the perfect investment, with:
A higher market value/rental yield than their leasehold counterparts.
Having eternal ownership and passing it down through generations.
Because of this, many Singaporean homeowners have developed an obsession of sorts when it comes to property. One of their non-negotiable criteria is that the next home they purchase must be freehold.
Whether you’re looking to upgrade your home with a new HDB unit or invest in property, continue reading to check out some freehold condos that can be purchased for under $1 million.
Freehold Condos VS Leasehold Condos
There are technically three types of condos in Singapore. They are known to be freehold, 99-year freehold, and 999-year leasehold. For the last option which is the 999-year leasehold, it is just as good as a freehold property because well, it is a long time.
The biggest difference is that freehold condos have an endless lifespan while leaseholders must eventually leave their properties. This means that freeholders can enjoy more value appreciation over time and they do not have to worry about their ‘future’ on these types of purchases. However, it comes with a hefty price tag. It also makes them less affordable for those who need secure real estate investments or just wants something they know will always belong to them.
The Drawbacks of Freehold Properties
Freehold properties have a number of perceived benefits, but it is important to be aware that there can also come some drawbacks.
For example, the freehold condo is likely more expensive than its leasehold counterpart. For a property in a similar location with the same size and conditions for both types of ownership; the number might be up 15% on average – which can lead to millions if we’re talking about six-figure amounts. Additionally, when you need to take out a bank loan in order to pay off your monthly mortgage, that’s an additional financial commitment.
As we know, Singapore is small. The condo you bought was probably freehold, but things are changing. With the rapid redevelopment of this island with projects such as North-South Corridor MRT lines like East Coast Line coming up soon your freehold condo might just need to make room for whatever comes next.
You could be compensated for your home if your property needs to be en bloc, but you’ll need to go through the hassle of finding a new forever home. Besides, the aging process can make your freehold condo less valuable, and it might be at risk for maintenance expenses. Plus with more leasehold properties popping up near shopping malls or MRT stations there’s always the chance that someone else will buy out their lease before you do.
Freehold condos in Singapore for sale (Under $1 Million)
Freehold condos are pretty rare but not as rare as you may think they are. You just have to keep looking,
The condo market in Singapore is flourishing, with new developments offering affordable options for homeowners who want to buy their own place. We’ve narrowed down our search from $1 million dollars or less so you can find a development that fits your budget.
#1 Suites (One Suites)
This is one of the most wallet-friendly developments out there and in a central location to boot.
Location:
Located in the heart of Geylang, just minutes from Aljunied MRT station on East-West Line and close to a wealth of foodie find like Diandin Leluk Thai Restaurant or Penang’s seafood restaurant. The property also has easy access via foot into downtown Singapore as well other shopping hotspots such Leisure park Pavilion square Guillemard village which is all within walking distance (or quick ride by taxi). If you’re looking for school options then there’s Geylang Methodist Primary & Secondary Schools located right around this area too.
Price:
2-bedder unit starting as low as $660,000 (560 sqft), and up to $788,000 for a more spacious home (667 sqft).
M66
Location:
M66 is a short walk from Potong Pasir MRT station on the North-South Line. Even though it is fairly new, M66 has already become an attractive area to live in with its many amenities and schools. The nearby amenities include The Poiz Centre, Shaw Plaza, Aperia Mall, countless eateries, and St Andrew’s Junior and Secondary Schools. The recent developments happening nearby make this place even more desirable for those looking forward to their future here.
Price:
For a compact 2-bedder, the price starts at $699,999 (519 sqft) or you can opt for an expansive 1356 square foot with unblocked views and price accordingly.
Natura @ Hillview
Location:
Natura @ Hillview is a luxurious yet affordable condominium located in the heart of District 23. With its jogging track, reading corner, and more within Natura’s compound; residents can enjoy outdoor fitness amenities including an equipped gym with table tennis lap pool for children- not to mention close proximitys to some excellent educational institutions like Keming Primary School), Iman childcare center & Lianhua Secondary School.
Price:
For a budget of $800,000 or below, you’ll be able to find 2-bedroom units or even a rare 1-bedroom penthouse priced below $1 million.
The Vue
Location:
The Vue at Upper Paya Lebar Road was completed in 2014. It’s within walking distance to many restaurants, shops, and amenities including Tai Seng Turtle Soup as well as the pasta legend Ben Fatto 95 just 6 minutes walk away from Bartley MRT station where you can take trains going both ways for all your shopping needs. With easy access by train too – if this isn’t enough reason alone then know there are several schools nearby such as St Gabriel’s Secondary School, Maris Stella High School or Paya Lebar Methodist Girls’ Primary School.
Price:
$600,000 to $700,000 would net you a 1-bedder, while $730,000 gets you 2 bedrooms.
Siglap V
Location:
Would you like to live on the East Coast of Singapore? Siglap V is a freehold condo just minutes away from the coast and it’s perfect for those who love sandy beaches, cycling weekends by the sea, or barbecues. This part of our country has so much foodie adventure that one can never run out.
Price:
2-bedder from $740,000 (517 sq ft), or splurge on a grand 3-bedder that costs $2.1 million for 1,442 sqft of space.
VA Residences
Location:
VA Residences on Boon Teck Road is a development located in District 12, which is in the Rest of the Central Region. The project has a “good” green score meaning that it’s eco-friendly due to location/sustainable practices or proximity towards public transport (9 minutes walk from Toa Payoh MRT station).
Price:
The 506 sq ft 2-bedroom unit costs $766,888 and up to $930,000 for 624 sq ft. For a 3-bedroom penthouse, expect to spend over $2 million.
Casa Cambio
Location:
Located at Lim Tua Tow Road in District 19, Casa Cambio’s luxurious and exclusive vibes are due to the resort concept that was implemented in this area, as well as how low-density living can provide privacy for residents.
Price:
1-bedroom units start at $768,000 and a 979 sq ft 2-bedroom unit going at $1,280,000.
Millage
Location:
The property in District 14 provides its residents a swimming pool, jacuzzi and gymnasium, and barbeque area. It’s also close to schools like Haig Girls’ School, Singapore Gujarati School as well as Tanjong Katong Secondary, and Tung Ling Bible School ideally located within walking distance if you want your kids’ education provided without having too far away from transport costs on top of it all.
Price:
1-bedder is priced from $699,000 and a 2-bedroom costs about $1.2 million.
La Brisa
Location:
La Brisa is located in Geylang, District 14 just 530m away from Dakota MRT. The location can’t be beaten with all the amenities that it has to offer. You’ll have no problem filling your stomach from some delicious Old Airport Road food center or taking time out for old-school Chinatown shopping. You can also drive along to key attractions at Marina Bay Sands and Gardens by the Bay, Merlion Park, Chinatown, Orchard Road, and more.
Price:
1-bedroom units are priced from $620,000, but you could get a 2-bedder from $780,000. That’s a wallet-friendly 3 bedroom going at $1.3 million for 958 sq ft.
Parc Elegance
Location:
Parc Elegance is along Telok Kurau Road (District 15), with units that offer pool or unblocked views from their balconies and verdant scenery all year round. The hip Joo Chiat area of Singapore can be found just 5 minutes away as well as the idyllic East Coast Park; it’s also close enough for you to get shopping stops at places like Katong Village, Parkway Parade & Bedok Mall Kinex.
Price: A studio unit is priced from $599,999 and a 1-bedder from $700,000. A 2-bedder could also be an affordable $740,000 or 4-bedroom at $1.9 million.
One Dusun Residences
Location:
One Dusun Residences is a new development that was completed in 2017. Located at Balestier, District 12, close to Thomson Medical Centre, Tan Tock Seng Hospital, Zhongshan Mall, Whampoa Market, Novena Square, and more. The freehold condo offers residents an opportunity for luxury living at its finest with features like swimming pools, jacuzzi, bubble pool, barbeque area, and more.
Price:
A 2-bedder from $820,000 (484 sqft), all the way to $1.7 million (over 900 sq ft).
38 I Suites
Location:
Located in the cool Katong area, this freehold condo is just 790 meters away from Paya Lebar MRT station and served as an interchange node on two of Singapore’s most popular lines: Circle Line & East-West line. With schools like Tanjong Katong Secondary School close by plus shopping centers within walking distance, you’ll never have trouble finding things to do.
Price:
From $750,000 for a 1-bedroom unit, $835,000 for a 2-bedroom unit, and up to $1.35 million for an expansive 2-bedroom unit that has an area of 1,076 sq ft.
The Tier
Location: The Tier is situated on Pegu Road close to Novena MRT Station (890m) and Toa Payoh MRT station. With many inexpensive restaurants along Balestier Road, you’ll never run out of places for dinner along Balestier Road, as well as the Whampoa Market & Food Centre and the 24-Hour Balestier Market & Food Centre. Shopping malls Balestier Plaza, Shaw Plaza, Zhongshan Park, and Novena Square are also within easy reach.
Price: A 1-bedroom unit from $750,000 or a 2-bedroom unit from $848,000.
Guillemard Suites
Location: Guillemard Suites is on this list despite being rather new and in a very accessible location. It is close to downtown Singapore and the enticing east. Easily travel via public transport as Mountbatten MRT Station, Aljunied MRT Station, and Dakota MRT Station are all walkable within 1km.
Price:
It’s an affordable $665,000 for a 1-bedder. Many units go for an auspicious $888,000 for close to 600 sq ft of space.
Trilive
The home’s dual key architecture is great for maintaining privacy while still allowing two families to stay together.
Location: The development is located along Tampines Road in District 19. It’s also close to Kovan MRT Station and within walking distance of a slew of F&B options (pan-fried soup dumplings from Ding Tele), shopping centers like Heartland Mall, Hougang Mall, NEX), and education options (Xinghua Primary School, Yuying Secondary School, Holy Innocents’ Primary School, and Serangoon Junior College).
Price:
Expect to pay about $890,000 for a 2-bedroom unit, and just above $2 million for a coveted 4-bedder.
WhiteHaven
Location:
Located at 332 Pasir Panjang Road in District 5, WhiteHaven is a sanctuary for those who value privacy and luxury. It’s not only close to Singapore’s west coast but also features an exquisite clubhouse with amenities like wine country views; the perfect place to host your next party or event.
Price:
Studio apartments start from $785,000, and you can find 2-bedders from $900,000. However, a 4-bedroom unit starts from $1.6 million.
Stellar RV
Location:
Located in District 10, Stellar RV on River Valley Road is a rare find for its affordable price and accessibility. The nearest bus stop can be found right outside of development which will make traveling around easier than ever. Meanwhile, it is almost equidistant from Tiong Bahru MRT station and Orchard MRT station, each about 16 minutes walk one way. Not to mention, there will be a new station on the Thomson-East Coast Line coming up later this year. Living at Stellar RV, residents are close to major shopping malls Great World City, Ngee Ann City, Tiong Bahru Plaza, and the famous Orchard Road shopping belt itself.
Price:
A 1-bedroom unit starts at $875,000 for this top-class address; you can even get a 2-bedder from $988,000.
You have finally come to the end of the article! We hope you enjoyed reading about the Freehold Apartment for sale in Singapore. Click here to contact us and read our other articles here!
When you are first starting out, the idea of learning about properties can seem scary. But knowing what freehold and leasehold mean will help make your decision much easier in terms of which type to choose for long term investments. In this article, we’ll discuss if it’s actually worth to buy a freehold condo in Singapore!
Is a freehold condo in Singapore more valuable than other types?
The freehold condos are a great investment because you’ll never have to worry about your property lease expiring. This means that if freeholders own their homes, they can hold onto them for as long as they want to.
However, the government can still seize back your land for development purposes according to The Land Acquisition Act (LAA). Of course, homeowners will be given market-level compensation. However, this is usually less ideal than being able to sell on one’s own terms.
Collective en-bloc sales are another way for developers to buy off your estate’s land by offering homeowners an attractive resale price. This can only happen if 80% of residents agree, but the amount offered may be too much to resist!
To answer the question, the durability of freehold condos makes them a better investment than comparable leasehold properties. If you can afford it, then this will be an excellent deal for your bank account because the profit downplays itself in many years’ time!
Benefits of purchasing a freehold condo
When you own a freehold condo, there’s no better feeling than paying off your final month of mortgage or housing loan. You know that the home is yours forever and it can be hard work but with all those rewards on offer. So, who wouldn’t want one?
For those who are interested in passing down their homes, freehold condos make it easier to do so. It is easier to pass on to future generations!
Your home is a key investment that will last for years to come. You can provide your children or grandchildren with the roof over their heads they need. This also eases them into homeownership by giving up ownership when you pass on! Freehold properties are definitely something worth considering if you want an established place in good condition. Perfect as either part of some retirement funds too.
Freehold condos are the best investment for your money
Freehold condominiums offer a great way to buy and own your forever home. They can be more expensive than leasehold properties, but they also have the potential of increasing in value long after you purchase them! You may even decide to downsize when you’re well into retirement so that your liquid funds are more accessible.
Freehold condos have fewer CPF restrictions
Don’t give up hope of owning your own home if you’re struggling financially! Central Provident Fund (CPF) savings can be used for purchasing freehold condos. Depending on how much money is in the account, it might allow one to foot a significant portion or even reduce monthly mortgage payments down drastically.
With all the benefits of owning your own home, leasehold owners might end up paying more than those with freeholds. This is because they cannot use their CPF savings to buy homes under 20 years of remaining lease that must also cover the youngest buyer until they are 95 years of age. The government has a safety net for the elderly that prevents them from losing their homes when they are in retirement. But guess what, you won’t have to worry about this because of freehold properties!
Are HDB flats known to be freehold or leasehold?
Housing Development Board (HDB) flats are 99-year leasehold properties that function in a similar manner to condos as far as property ownership is concerned. Since these public housing units were designed to be affordable for the majority population of Singapore, buyers will enjoy wider grants and subsidies.
So, is it worth to buy a freehold condo in Singapore? When deciding whether to buy a leasehold or freehold condominium, the personal choice rests with you. Some people are willing and able to take on higher risks in order for an opportunity at owning their home indefinite while others would rather spend less money upfront. We hope you enjoyed reading our article! Click here to read more of our articles!
The condo market is becoming more and more competitive with both executive condominiums (EC) and private condos being luxurious living close to the city. There seems little difference between them, so buyers have no choice but to take what they can get! What’s the difference between EC and a condo? Read this article to find out more!
There are a few aspects that make condos different from executive condominiums in Singapore. The most notable difference is the competitive price and promise of convenient living. The decision to buy a private condo or executive condominium in Singapore is not easy for potential home buyers. A person’s financial stability, preferences, and lifestyle are all considered when making this choice.
Housing options can be overwhelming, but that’s why we’re here! Continue reading to discover their differences.
What is an Executive Condominiums (EC) and Condos?
Executive Condominiums (EC) – It was first introduced by the Government in 1999. They are a hybrid type of housing that is categorized as a mix of public and private housing. They are built and managed by private developers but come at a cheaper price, as the land cost is subsidized by the government.
Condo – A condo is a form of private housing whereby individual portions of this land are owned by different owners. Likening EC units to cars, Khaw said that the scheme has given Singaporeans a chance to buy a luxury “Lexus” at (Toyota) “Corolla” prices.
MOP (Minimum Occupancy Period)
EC – MOP for EC is 5 years. After 5 years, semi privatizes can only sell to SC / SPR. After 10 Years From TOP, fully privatize no Restrictions to selling (Can sell to All SC / SPR / Foreigners.
Condo – MOP doesn’t apply to private Condos. There is a limitation on selling a regular condo, in the form of the Seller’s Stamp Duty (SSD). This stamp duty imposes a tax of 12% if you sell in the first year, 8% in the second year, and 4% in the third year. However, you’re free to sell without penalty from the fourth year onward. This is still two years shorter than the MOP.
Lease
EC – Lease for an EC is 99 years.
Condo – A condo lease can be 99 years or Freehold.
Grants
EC – Grants up to $30k.
Condo – No grants for a condo.
Resale Levy Payable
EC – For EC, the Resale levy is payable depending on your flat type and whether your resale application is on or after 3 March 2006. It also depends on your share of your first di flat.
Condo – For Condos, there is no resale levy payable.
ABSD
EC – When you buy a new EC, you don’t have to pay ABSD upfront. You do need to dispose of your home within six months after collecting the keys to your EC (or once your EC receives its Temporary Occupation Permit), but at least you don’t have to fork out the huge ABSD fee at the start (you may need to pay the HDB resale levy though).
Payment Scheme
EC – For ECs, you can choose between a Normal Progressive Payment Scheme or a Deferred Payment scheme. For the purchase of EC with a bank loan, you need to pass both criteria – MSR calculations followed by TDSR calculations. Your Mortgage servicing ratio (MSR) refers to the portion of a borrower’s gross monthly income that goes towards repaying all property loans, including the loan being applied for.MSR is capped at 30% of a borrower’s gross monthly income.
Condo – For condos, it only has a Normal Progressive Payment Scheme. For the purchase of a private condo, TDSR applies. The total debt servicing ratio (TDSR) refers to the portion of a borrower’s gross monthly income that goes towards repaying the monthly debt obligations, including the loan being applied for. A borrower’s TDSR should be less than or equal to 55%.
Others
EC – EC has other buying restrictions such as the family nucleus, citizenship, age, income ceiling, ownership of private properties, and other eligibility.
The decision to purchase an executive or private condo depends on your unique circumstances. One type may be better than the other if you have certain needs, but both will work well for many people in Singapore.
The EC is a great choice for those who want to call home or raise their family in the city. The majority of these developments are subsidized by the national government and situated near prime districts, which means they have many amenities at hand! Despite being limited by Minimum Occupancy Periods (MOPs), EC properties also make good investments because initially designed as housing instead long term investment objectives.
In contrast, private condos are the perfect investment for those who want to hold their property permanently.
The executive condominium (EC) is one of the most popular housing types in Singapore. ECs in Singapore come with comparable facilities and designs. They are slightly more luxurious than HDB flats, but compared to private condominiums they still provide good value for your money! Read our article to find out more and have more understanding of EC eligibility as we go through with you step by step!
What Is The Eligibility Requirement To Buy a Condo?
This article will give you in-depth information on EC Eligibility. Read to find out more!
Firstly, all Singapore Citizens (SC) have two Chances to buy subsidized housing per lifetime.
All EC Main applicants/co-applicants/essential occupiers must still have at least one more chance to buy subsidized housing.
Below are examples of subsidized housing in Singapore:
Direct Purchase from HDB (BTO/SERS Replacement flats
Resale HDB bought with CPF Housing Grant
DBSS bought from developers
Executive Condominium (EC) from developers
EC Eligibility (Family Nucleus)
You are required to form a family nucleus. For every scheme, you have to be at least 21 years old except for the Joint Singles scheme whereby you have to be at least 35 years old. Aside from these, you have to be a Singaporean Citizen. (Minimum Must Have One (1) SC) Below are the schemes available:
1. Public Scheme – Your family nucleus must comprise at least another Singapore Citizen (SC) or Singapore Permanent Resident (SPR). Family Nucleus Requirement: You, the applicant, and your spouse or your parents or your children are under your legal custody, care, and control (for widowed/ divorced).
2. Fiancé/Fiancée Scheme – If your fiance/fiancee is below 21 years of age, he or she can only be listed as an occupier in your EC application. Additionally, if your fiance/fiancee is below 21 but above 18 years of age, written consent from the parents or guardians must be submitted with your EC application.
3. Orphans Scheme – A single orphan applicant and all his unmarried siblings are to be listed in the same application. Also, do note that at least one of your deceased parents was Singapore Citizen (SC) or Singapore Permanent Resident (SPR).
4. Joint Singles Scheme – You can apply with another single person. Both of you must be Singapore Citizens (SC) and at least 35 years old at the time of application. You are also to apply jointly as co-applicants. Lately, do note that there will be no CPF Housing Grant for this Scheme.
Age Requirement
As we have mentioned above, the age requirement for every scheme is 21 years old except for the Joint Singles scheme which is 35 years old. For Fiancé/Fiancée, if the essential occupier is ≥ 18 but < 21 years, a written consent form from parents must be submitted together with the application. If the Essential Occupier is <18 years of age, they must obtain a Special Marriage License from the Ministry of Social and Family Development (MSFD) and Submit it During EC Application Submission.
EC Eligibility (Income Requirement)
The monthly gross household income cannot exceed $16,000/month (W.e.f 11 Sep 2019). Also, the computation of monthly gross household income (Applicants + Essential Occupier)
MOP
Existing owners/ ex-owners/ essential occupiers must satisfy the 5-year minimum occupation period (MOP) prior to booking an EC unit.
Ownership/ Disposal of interest in private property
You must now own any private property (including EC) locally or overseas. Additionally, you must have already disposed of any interest in private property > 30 months prior to the date of the EC application.
Other EC Eligibility:
Cancellation of BTO/SBF/EC (PRIOR TO SIGNING S&P) – If canceled any booking of Built to Order (BTO)or Sale of Balance Flats (SBF) is, there is a Debarment of 1 Year. i.e. can only apply EC after 1 year from the date of cancellation. If a unit has not been selected, Sign the Cancellation Form of the BTO Application after booking EC. Provide BTO Application Reference Number during EC Application
Termination of EC/DBSS (AFTER SIGNING S&P) – If book an EC/DBSS unit and subsequently terminated the Sale & Purchase Agreement, there is a Debarment of 5 Years. i.e. can only apply EC after 5 years from the date of cancellation
Dispose of Interest in Existing HDB Flat – Undertake to dispose of an interest in existing HDB within 6 Months from TOP/date of developer’s notice of vacant possession.
Undischarged Bankrupt – Obtain official assignee permission if he/she wants to be an EC applicant.
We hope you have learned a thing or two about the EC eligibility process. If you have any other questions/inquiries, please feel free to contact us. We are more than happy to guide you through this process! Also, do check out our different ECs!
The Sceneca Residence is a 99-year leasehold new launch condominium located at Tanah Merah Kechil Link in District 16. It will be part of an exciting mixed-use development that includes commercial space, with about 21 528 sq ft on the ground floor, and a retail mall called “Sceneca Square.” This project is set to TOP in 2026 and will have approximately 268 residential units. In this article, we’ll discuss more on the Sceneca Residence Indicative Price, so read!
Sceneca Residence
Sceneca Residence is located just right next to the Tanah Merah MRT. Also, this is the only mixed development you can find in Tanah Merah so it’s perfect if you’re looking for one in this area. As we have mentioned above, the ‘shopping mall’ on the ground floor is called Sceneca Square so it is very convenient for residents.
Public Transport at Sceneca Residence
The Sceneca Residence offers a rare mix of accessibility and connectivity, with direct access to Tanah Merah MRT station which is only one stop away from the Expo interchange station. From there, you can head into the Downtown line. In the future, the Expo MRT station will also be connected to the Thomson-East Coast Line (TEL). This will increase the accessibility to the Central Business District (CBD) and the northern parts of Singapore.
Amenities near Sceneca Residence
The Sceneca Residence is in a privileged location, with many amenities nearby. It’s not difficult to find food and shopping options at the Singapore Expo, Changi City Point, and the world-class Jewel Changi Airport.
The Sceneca Residence is a great place to live if you’re looking for convenience. It is less than 10 minutes away from the Simpang Bedok food enclave, including the F&B outlets at Bedok Marketplace, Bedok Shopping Complex, and East Village. Additionally, there’s also a Giant supermarket at Bedok Marketplace as well as a Cold Storage at East Village. Residents can also enjoy a short drive to the famous Bedok 85 Market, Bedok Corner Food Centre, and Bedok Mall.
Sceneca Residence Indicative Price
Now, let’s take a look at the estimated Sceneca Residence indicative price! We are sure that you will find Sceneca a great deal. The break-even price of this Sceneca unit is $1582.76 psf, and the expected selling price will be around $1899 per square foot (psf), then it’s a very cheap deal or undervalued pricing in today’s market!
Now, if we were to compare Sceneca to Lentor Modern, there is definitely a difference. The transacted price for Lentor Modern is around $1,900 to $2,200psf. On average, the transacted psf in Lentor Modern is $2,100 psf. This is slightly higher than Sceneca Residence.
Let’s come nearer to the same site. The recent transactions for Sky Eden show a high average price of $2,100 psf. Again, Sceneca is more attractive as compared to Sky Eden.
Next, we shall look at Grandeur Park. It recently launched in Tanah Merah and it has already reached its TOP and most residents are already moving in! Let’s take a look at their profitable transactions. In September, the first unit (452sqft) was sold and the seller made a profit of around $171k! In August and July, (893 and 883sqft) were sold and the seller made a profit of around $300-$400k! That is pretty impressive considering that these are the smaller three-bedroom compacts.
You’ve come to the end of the article! So, if Sceneca is going to launch at $1,900 psf, do you think it will be a good deal? We hope that you are intrigued and interested in the Sceneca Residence indicative price. Do contact us here if you have any questions or inquiries and we’ll be more than happy to guide you through. Also, don’t forget to check out our other articles!
Hoi Hup and Sunway Developments have jointly acquired Terra Hill Condo for $276.1 million through a joint venture. It is one of the most significant collective sales in the city this year! In this article, we’ll discuss the Terra Hill condo amenities and location more!
The condo development will offer 271 units to benefit from its strategic location on a unique hillside plot. The area is peaceful and lush, with easy access to family-friendly amenities which makes your life here comfortable!
To add, Terra Hill is very close to Harbourfront Centre, Sentosa and Kent Ridge Park. So, everything is easily accessible, whether it’s fetching daily necessities, access to food, entertainment, or leisure! The excellent accessibility also means residents can access more amenities in the city and nearby towns.
Terra Hill – Location
Terra Hill is located at 18 Yew Siang Road. It is formerly known as Flynn Park! When you live in the Terra Hills Condo, your day-to-day life is just moments away from what it takes for living. The facilities here are excellent and close by so there’s no need to travel far outside of this building when needed!
Additionally, the Terra Hill condo residents will have easy transportation access. It’s just a 3-minute walk from Pasir Panjang MRT. Besides, It also has great access to Central Expressway (CTE), Ayer Rajah Expressway (AYE), and East Coast Parkway. Travelling to the Business District and other vital parts of Singapore is seamless for Terra Hill residents!
Terra Hill Condo – Schools Nearby
You can find a childcare centre, primary school or secondary education just around the corner from your home. There are plenty of international schools too so it’s no wonder that parents have many options when picking their kids’ schools!
Living close to your kids’ schools lets them arrive on time and get home early without long commutes. Since the transport network in this area is well developed, they’ll have an easy time travelling into or coming back from class!
These are the schools nearby:
Tanglin Trust School
ISS High School
Blangah Rise Primary School
Inspiration Design International School
Gan Eng Seng Primary School
New Town Primary School
Malls Nearby
The residence is close to a variety of shopping amenities where residents can get fresh produce and other household items. Some nearby places include:
Cold Storage at Anchorpoint
NTUC Fairprice (PSA Branch)
NTUC Fairprice at Telok Blangah
NTUC Fairprice (Stirling Road)
The malls nearby Terra Hill are:
Alexander Central
Queensway Shopping Centre
Alexandra Retail Centre
Vivo City
Harbourfront Centre
These are home to various amenities that offer essential goods and services from clothes, accessories, food, and bank and ATM services. Entertainment facilities are also available to keep your shopping experience lively!
Additionally, you are close to the Pasir Panjang Wholesale Centre. This is where you’ll find everything from fresh produce, vegetables, and fruits to dried goods. It also features more than 1,000 cold rooms, shops, and stalls that provide all your grocery needs.
Eateries and Restaurants Nearby
Whether you want to enjoy a hearty brunch or just chill out with some coffee, there is no shortage of restaurants in Pasir Panjang. The area features many food gems that offer everything from local authentic Chinese food, and Thai dishes, to western delicacies.
Here are more dining spots close to Terra Hill:
Knots Cafe
Three Peacocks
3 Monkeys
Esarn Thai Corner Pasir Panjang
Hillman 99 Restaurant
Magic Square
Pasir Panjang Malay Food
SANDO at Alexandra Technopark
Vineyard
Hopscotch (Gillman Barracks)
Yuzutei Japanese Restaurant
This is Knots Cafe, which offers an aesthetic and quiet place for you to do your work! You can also grab a drink to cool down from the Singapore’s heat.
Just a few minutes drive away from Terra Hill condo is this place called The Three Peacocks. This is where you can do your live seafood barbecue!
The barbecue buffet at this place is great for bringing family and friends together. You will have a wide selection of food available to choose from, so you can eat and dine as much or little that your heart desires.
The best part about living close to nature parks and recreational spaces is that you won’t run out of places for your morning or evening runs. On weekends, there are plenty more activities waiting in the nearby green space!
HortPark
One of the best things about living in this condo is that it’s just a short walk to the HortPark! – Which is about 6 mins walk. Hot park doubles as an eco-friendly green zone and educational centre for gardening. The peaceful area has enough space to relax with vegetable gardens that provide fresh produce all year round!
Kent Ridge Park
Kent Ridge Park is also around less than 10 minutes away! The park is a beautiful space with many amenities. It has been preserved and now houses a fascinating history that will captivate anyone who visits this wonderful place!
The quiet park is a great place to take the kids and enjoy some quality family time. There are two natural ponds and scenic trees for walking under in addition to an assortment of fitness stations with equipment. This historical park is full of wildlife and natural vegetation. Nature lovers living in Terra Hill Condo will love it here!
Other parks are such:
Labrador Nature Reserve
HortPark
Telok Blangah Hill Park
Mount Faber Park
Terra Hill – Healthcare Facilities
With such a short distance to many hospitals and speciality clinics, the Terra Hill Condo is an excellent choice. Having healthcare facilities so close by ensures you get quality medical care quickly!
The healthcare centres are all within 10 minutes. These are:
Singapore General Hospital
The Clinic Group @ Business City
Alexandra Hospital
Kensington Family Clinic
Fullerton Health @ Alexandra Retail Centre
National University Hospital
Farrer Park Hospital
You are at the end of this article! We hope that you’re as excited about the Terra Hill condo with all its convenience. Do contact us now if you’re interested in Terra Hill or if you have any questions. We are always here to guide you through. We look forward to hearing from you!
The Government has introduced a series of new Singapore property cooling measures to moderate demand in the wake of increasing market interest rates. This was announced just yesterday on the 29th of September.
To make housing more affordable and available for everyone, it includes tightening maximum loan quantum limits and introducing a 15-month wait-out period for private homeowners before purchasing resale flats. This is also to promote sustainable conditions in the property market! Also, the loan-to-value (LTV) limit for HDB loans will also be lowered from 85% to 80%. Continue to read our article as we summarise the new Singapore property cooling measures for you!
Prudent Borrowing From Financial Institute
The MSR (Residential) has increased from 3.50% to 4%. For TDSR (Residential), it has increased from 3.50% to 4%. Lastly, the TDSR (Non Residential) has increased from 4.50% to 5%.
Prudent Borrowing from HDB Board
There’s good news for home buyers! For HLE MSR, it has increased from 2.60% to 3%! The HDB loan however still remains at 2.6%. (It will continue to be priced at 0.10% + OA rate = 2.6% (reviewed quarterly)
The LTV will however be lowered from 85% to 80%.
Moderate The Demand in HDB Resale Market
The updated Singapore property cooling measures, which came into effect last night requires Private Property Owner (PPO), or Ex-Private Property Owner to wait 15 months prior to granting an Option to Purchase a non-subsidized Resale Flat.
For BTO/EC subsidized housing, the wait time is still 30 months. Additionally, it’s important to note that seniors (above 55 years old) who wish to downgrade to a 4-room flat or smaller, will not be affected by the wait out period.
If you are facing any financial difficulties, you may appeal your case to HDB to access your situation on a case-by-case basis.
The government is currently implementing a waiting period for resale HDB from a PPO. This will be a temporary measure to moderate demand for resale flats and will be reviewed based on market changes!
We hope that this article has made you more aware of the updated Singapore property cooling measures. The latest update to the regulations is sure going to be a game changer for those looking into buying or selling their homes! If you have any questions, do contact us here. We will be delighted to guide you through the process! Also, don’t forget to check out our other articles here!
Tenet condo at Tampines is a great place to live if you’re seeking convenience. It is located a few minutes from the Pasir Ris MRT station and near green spaces and parks. Other amenities, including good schools like Elias Primary Schools and Century Square Mall, are also nearby! Continue to read this article to find out more about Tenet Condo which will be launching soon.
The development will consist of 1 block featuring up to 590 residential units. In addition, the area is expected to have a site area of 23,799.2 sqm or 256,172 sqft.
Tampines is a great place to live if you’re looking for accessibility. The neighborhood is well connected to the public transportation networks in Singapore. Tampines has easy access via expressways and MRTs, making it a fantastic place for those who need quick commutes!
The East-West Line and the Downtown line pass through Tampines. That means Tenet condo residents are connected to all of these stations: Tampines East, Tampines West, Expo, Tampines, and Simei MRT stations.
Tenet condo in the Tampines area:
Pasir Ris MRT station (10-minute drive)
Tampines MRT station (8-minute drive)
Changi Airport MRT station (15-minute drive)
Expo MRT station (From Changi MRT station) – One stop away
The future Tampines North MRT will be right at your doorstep within a 2 mins walk from your home.
The Tampines bus service is enhanced with two interchange stations; one at Tampines Concourse Bus Interchange and the other at Tampines Bus Interchange. The latter is connected to Our Tampines Hub and connects around 25 bus routes. In addition, the Tampines Concourse Bus is a 15-minute walk from Our Tampines Hub and serves four bus routes.
Schools Nearby
Homes in Tampines are close to some of the best schools, making it an ideal place for families!
With schools like Ngee Ann Secondary School within a short drive, Singapore University of Technology and Design, ITE College East, and Temasek Polytechnic nearby you can’t go wrong.
Below are some of the schools within a 2km radius from Tenet Condo:
Poi Ching School
Junyuan Secondary School
Saint Hilda’s Primary School
Springfield Secondary School
Tampines Primary School
Junyuan Primary School 2.9
Tampines North Primary School
East View Primary School
Junyuan Secondary School
Dunman Secondary School
Yumin Primary School
Pasir Ris Secondary School
Tampines Secondary School
UWC South East Asia (East Campus)
Shopping Malls Nearby
If you live in Tenet Condo, then your proximity to many shopping options means that not only you can get all the fresh groceries and essential services but also high-end fashions!
Supermarkets around the corner:
Cold Storage Tampines
FairPrice Tampines Mall
FairPrice Tampines Hub
Wet Markets – Kar Mui Market Produce Shop Tampines Round Market & Food Centre, and Tampines Wet Markets
Malls nearby:
Tampines 1
Tampines 1 is a short 5 mins drive from Tenet Condo! You can find international fashion brands like Uniqlo, Triumph, Sephora, and AW Lab. Local brands are also well represented by The Tinsel Rack, The Editor’s market, and The Closet Lover.
This mall is a great place for all sorts of foodies. From amazing restaurants and shops that offer delicious cuisines, to grocery stores with fresh produce! This location has it covered!
Century Square
Century Square Mall is also a short 5 mins drive from the Tenet Condo! Century Square Mall provides a great place to shop and hang out with family-friendly amenities. Tenet Condo residents can easily access the mall for entertainment, retail goods, or F&B services they need!
Tampines Mall
Tampines Mall is around 6 mins drive from Tenet Condo. It is also located right beside the Tampines MRT so it’s very convenient for residents that travel on public transport!
It is home to more than 160 stores! Such as Genki Sushi, Golden Village Tampines, Decathlon, Din Tai Fung, Courts Megastore, and H&M, as well as FairPrice for your grocery needs.
Eateries and Restaurants Nearby
Tenet condo provides you with a perfect setting to enjoy delicious food and great company. With so many options available around the neighborhood, it’s never been easier than now!
There are plenty of great food options in Tampines. From F&B outlets, and decent restaurants nearby malls. Here are some of the options!:
IKEA Tampines Restaurant
One Space Kitchen
Tipsy Penguin
Din Tai Fung
Nando’s Tampines Mall
Rocky Master
Craze Kitchen
19 Tea Singapore
Two Hana at Century Square
Japanese Bar Five Izakaya
Recreational Options Nearby
You’ll never run out of things to do in your new home! From beautiful nature and ample greenery, you can head outdoors nearby for morning runs or evening jogs without traveling far.
Additionally, if you’re looking for a way to keep the fun rolling during your weekends, don’t forget about all of our family-friendly activities. You’ll be able to enjoy them with friends and loved ones outdoors!
The options nearby are:
Tampines Eco Green Park
Tampines Eco Green is a 15-minute walk from Tenet Condo, and it’s right next to the Tampines MRT station. This neighborhood park has everything you need for nature lovers: freshwater wetlands, open grassland, and secondary rainforest. Also, the park also features excellent hiking trails and bird-watching sites.
Sun Plaza Park 10m
The vast 9.6 ha Sun Plaza park is an excellent place to spend time with family and friends, as it offers numerous fun activities for all ages!
Our Tampines Hub
Tampines Hub has everything you need for an enjoyable day out. The area is home to many cultural, sports and leisure activities perfect not just for the family but also for friends! Some of the amenities you’ll find here include football fields, badminton courts, and swimming pools. Several gyms and shopping facilities.
Healthcare Facilities Nearby
In the future, Tampines residents will no longer have to make stressful trips outside of their homes in order for them to get necessary medical care. Thanks to many hospitals and clinics spread throughout this area there is now an option available right at your doorstep!
Some of the healthcare facilities within a short drive from the residence are:
SingHealth Tampines Polyclinic
Raffles Medical Hospital
Changi General Hospital
St. Andrews Community Hospital
Healthway Tampines Clinic
Praise Family Clinic
Seasons Clinic
Karri Family Clinic
You have come to the end of the article! As you can see, Tampines is a very established location with good amenities surrounding it! Tenet Condo will be launching soon and we are excited to hear from you! Do contact us here if you have any questions regarding this condo! Also, don’t forget to check out our other developments and articles right here. See you next time!
