14th November 2022, SINGAPORE –

Developers of Tenet have reported more than 5,000 visitors at the launch weekend of the latest executive condominium project in Tampines Street 62.

The project attracted “thousands of interested buyers” to its show gallery on the weekend, according to Qingjian Realty deputy general manager Yen Chong on Monday.

“The strong demand is promising, and we look forward to another two weekends’ performance,” she said.

Tenet has been open to the public for preview via appointment since last Saturday.

Eligible buyers can submit their e-applications up until Nov 28.

The 618-unit project comprises 11 tower blocks of 15 floors and is located within a five-minute walk of the upcoming Tampines North MRT station, which is due to open in 2030.

Indicative prices start from $1.1 million for a three-bedroom, 893 sq ft deluxe plus study unit. There are 140 of such units available, while another 223 three-bedroom premium plus study units at 980 sq ft each are going from $1.27 million.

A total of 210 four-bedroom plus study units ranging from 1,098 to 1,367 sq ft are on sale from $1.44 million.

There are also 45 units of five-bedroom plus study units ranging from 1,561 to 1,572 sq ft starting from $2.08 million.

Highlighting plans for communal facilities such as a floating infinity pool and a karaoke studio room, Santarli Realty general manager Lai Kwong Meng said the project is “unlike a typical exec condo” as it is “designed for the future and for an everyday staycation experience for families”.

Tenet is a joint venture between Qingjian Realty and Santarli Realty – the real estate development arms of Qingjian Group and Santarli Construction respectively – as well as Heeton Holdings.

In July 2021, the project’s land plot was awarded to a Qingjian Realty-led consortium with its top bid of $442 million or $659 per square foot per plot ratio (psf ppr), which exceeded the forecasts of most property consultants and came in 1.4 per cent higher than the second-highest offer of $650 psf ppr. 

Tenet’s launch comes less than a month after that of Copen Grand exec condo in Tengah, which was reportedly 73 per cent sold on its launch day, with units going at an average price of $1,300 psf.

The 639-unit project is developed by City Developments Limited and MCL Land.

This article is from The Straits Times. Click here for the original article.

A version of this article appeared in the print edition of The Straits Times on November 14, 2022, with the headline 'Tampines exec condo draws over 5,000 visitors on launch weekend; prices start from $1.1m.'