A sandwiched housing route – the Executive Condominium (EC) – is specifically designed for middle-income Singaporeans. In short, this housing type is for those who are unable to purchase an HDB but find private housing way too expensive.
Introduced in 1996, the first EC development, Eastvale, was built in Pasir Ris by early 1999. That year, six ECs were completed. Today, the EC concept remains a popular choice. Increasingly, its amenities and overall quality of living for its residents have also been improving – along with its price.
Tenet, the latest EC launch set to TOP in 2026 is no exception. Located snuggly on a cul-de-sac off Tampines Street 62, Tenet is located a few minutes’ drive from both White Sands Shopping Centre in Pasir Ris and a cluster of malls at Tampines MRT. For drivers, the Tampines Expressway (TPE) is right behind the EC. If you don’t drive, Tampines North MRT is just a few minutes walk away.
Besides its location, the Tenet has more to offer than most other ECs. We visited its showroom flats to look at the best this EC has to offer.
Read Also: Complete First-Timers’ Guide To Buying A New Executive Condominium (EC) In Singapore
Spend Less Time & Money Travelling To Work (Or Play By Staying At Home)
With a total of 618 residential units across 11 blocks rising up to 15 storeys high), the Tenet has 10 unit types to choose from. It starts from a 3 Bedroom Deluxe to a luxurious 5 Bedroom Premium apartment. Prices start from $1,098,000 for a 3 Bedroom Deluxe + Study to $2,078,000 for its 5 Bedroom Premium + study.
Source: Tenet
One of the unique features in Tenet is that most units come with a built-in recess that is meant to be a dedicated workspace for “Work From Home (WFH)” arrangements. It doubles as a gaming space or can be converted into a bar space too. Situated along the walkway to the bedrooms, this recess is also designed to be concealed with a sliding faux wall feature. When you are hosting guests or cutting off from work – the space can be closed off.
No doubt, having this extra workspace will not just lower your renovation cost, but may also save you from converting a whole room into a study, or at least, give you more flexibility when designing your new home.
Read Also: Pros And Cons Of Buying A HDB Executive Condominium (Over A Regular Private Condo)
Living In A Smart Home (With Well-Thought Design, Features And Appliances)
In line with the government’s “Smart Nation” initiative, the Tenet comes equipped with smart home-enabled devices for the 21st-century living space.
On top of that, the Tenet app for smartphones allows residents to engage in-home services such as aircon maintenance or home cleaning and reduce time searching for one. Since units are smart home enabled, you can use the app to turn the air conditioner on before you arrive home (or turn it off if you forget after leaving your home), as well as unlock doors for guests
Residents are also able to book facilities and even fitness classes and activities that use the fitness amenities located around the EC. You could sign your kids (or yourself) up to learn swimming or tennis, or you could attend Zumba and yoga to live a healthier lifestyle. Another perfect reason to save on travelling time and expenses outside.
Every unit also comes with high-quality home appliances, like the Bosch fume hood (in the image), refrigerator and the built-in microwave oven.
An Infinity Pool, Karaoke Rooms, Picnic Lawns & Yoga Deck For Active Ageing
A swimming pool, a gym or perhaps a couple function rooms, are the typical suspects for EC amenities. The Tenet comes with all of this, sure. But how about an infinity pool that stretches almost the entire length of the EC. There are also a total of four swimming pools, so you’ll never find yourself congested and have a variety of different uses in each pool (including the kiddy play pool – complete with slides).
The Tenet also has a dedicated a lot of space for residents to live a lifestyle they prefer all within its compound. These include a yoga deck to unwind, a pet play park for your furry friends to roam around, a picnic lawn so you don’t have to stake out at fort canning ever again and even a karaoke studio to unleash the hidden Lady Gaga in you.
The amenities are spread out across the entire 23,799.2 sqm that it covers. Spaces like the communal pavilion sit perfectly between the tower blocks with easy access to the pool or the private dining room space for more intimate moments with your loved ones.
All this also means you save on travelling out to a karaoke establishment, allocating time to bring your pets to the park and more.
Read Also: Singapore Condominium Price Guide For H1 2022: Top 3 Cheapest and Most Expensive Districts
How Much Does The Tenet EC Cost?
The big question then – how much does it cost to become a resident at the Tenet?
Minimum prices have been set as a guide. The 3 Bedroom Deluxe + study has a minimum starting price of $1,098,000, the 4 Bedroom Deluxe at $1,438,000- and the 5-Bedroom Premium + study at $2,078,000
| No. of Rooms | Sqft (Sqm) |
No. of Units | Min. Price |
| 3 Bedroom Deluxe + Study | 893 – 1098 (83 – 102) |
140 | $1,098,000 |
| 3 Bedroom Premium + Study | 958 -1152 (89 – 107) |
223 | $1,268,000 |
| 4 Bedroom Deluxe | 1098 – 1270 (102 – 118) |
150 | $1,438,000 |
| 4 Bedroom Premium + Study | 1367 – 1518 (127 – 141) |
60 | |
| 5 Bedroom Premium + Study | 1561 – 1722 (145 -160) |
45 | $2,078,000 |
| Total | 618 |
Source: Tenet
(Latest as of 22 November 2022)
When you buy your EC, you need to take note of your maximum Loan-to-Value (LTV) ratio – which is up to 75%. This means you need to put a down payment of 25% of the purchase price, with a minimum of 5% in cash, while the rest can come from your CPF Ordinary Account (OA) funds. There may also be other restrictions that limit you from taking the maximum loans, which may include adhering to the current Mortgage Servicing Ratio. Of course, with rising interest rates, you may also want to stress-test your affordability on the latest home loan packages if rates continue to climb.
Buyers will be able to use the “Normal Payment Scheme” (or more commonly known as a progressive payment scheme) to service loans in a monthly fashion, stage by stage whilst the property is being built.
| Stage | Payment Under a Standard Payment Scheme (% of Purchase Price) |
| Upon the grant of Option to Purchase | 5% (Booking Fee) |
| Upon signing of the Sale & Purchase Agreement or within 8 weeks from the Option date | 20% less Booking Fee |
| Completion of foundation work | 10% |
| Completion of reinforced concrete framework of unit | 10% |
| Completion of partition walls of unit | 5% |
| Completion of roofing/ceiling of unit | 5% |
| Completion of door sub-frames/ door frames, window frames, electrical wiring, internal plastering and plumbing of unit | 5% |
| Completion of car park, roads and drains serving the housing project | 5% |
| Notice of Vacant Possession (TOP) | 25% |
| On Completion date | 15% |
Source: Tenet
Besides the normal payment scheme provided by the developer, do remember your other costs such as stamp duty and the Mortgage Servicing Ratio (MSR) too.
Read Also: How To Successfully Bid For A BTO Flat Within Three Tries
The post Tenet – How This Executive Condominium (EC) Showcases What Public Housing In Singapore Can Be appeared first on DollarsAndSense.sg.
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