PROJECT DETAILS
** FIRST TIME BUYERS: If you are planning to buy your very first property and do not know whether to buy a Resale HDB, BTO or a new launch EC, let us discuss your best possible option.
** EXISTING HDB OWNERS: If you are planning to change to another property, and would like to know whether to buy a EC or private condominiums, let us help you to assess your best possible options to get better returns on your dollars. We do not want to under-leverage on ourselves.
The Housing and Development Board (HDB) has sold a residential site in Tampines Avenue 10, as part of Government Land Sales (GLS), in the 1st quarter of 2019. This land parcel is bounded by Tampines Avenue 10 and future extension of the current Tampines Street 85, is at the Eastern Region of Singapore. It has a land size of 268,438 square feet and is to house an approximate 700 residential units.
Hoi Hup Realty and Sunway Developments won the top bid of S$434.45 million and this translates into S$578 per square feet per plot ratio.
Other private residential developments that are within New Condo’s vicinity include Arc at Tampines, Waterview at Tampines, The Tropica, Pinevale, City Life at Tampines and The Tampines Trillant and the upcoming QBay Residences, Alps Residences, The Santorini and Tapestry.
New EC at Tampines- Connectivity
New and Upcoming EC in Tampines Avenue 10 is approximately 1.7 km away from Tampines Town Centre where the Tampines East West Line MRT Station and the upcoming Tampines Downtown Line MRT Station is located. Future residents of the New EC in Tampines Avenue 10 can also find many bus services available here at the Tampines Bus Interchange. Future residents of New EC can also access to Tampines West Downtown Line MRT Station, which is approximately 1.5 km away, in 2017 when it is starts its operations.
Getting to the Central Business District (CBD) and the Marina Bay Financial Centre (MBFC) is a breeze via the Tampines Avenue 10 which links to The Pan Island Expressway (PIE), the Kallang Paya Lebar Expressway (KPE) and the Marina Coast Expressway (MCE) and reach in approximately 14 minutes. To drive down to Orchard Shopping Belt, future residents just need connects to the Central Expressway (CTE) via the Pan Island Expressway. New EC is also easily link to the Tampines Expressway (TPE) which connects its future residents to various parts of the island.
New EC at Tampines- Amenities
Future residents of New Tampines Avenue 10 EC can find many shopping, dining and entertainment facilities at the Tampines Town Centre which housed many major shopping malls like Century Square, Eastlink Mall, Tampines Mall and Tampines 1. To get fresh market produce and economical local food, residents can take a short drive down to Tampines Round Market And Food Centre which is approximately 2 km away. The upcoming new Tampines Food Centre which will be located at Tampines Avenue is also approximately 1.3 km away.
New EC at Tampines- Education
There are numerous education facilities that are located just short distances away from the development such as Poi Ching School, Junyuan Primary School, East View Primary School, Tampines Primary School, Junyuan Secondary School, Springfield Secondary School, St Hilda’s Secondary School and Tampines Secondary School. New EC in Tampines Avenue 10 is also approximately 1.1 km away from Temasek Polytechnic. Many recreational facilities can be found within its poximity as it is near to Bedok Reservoir Park, Tampines Sports Hall, Tampines Bike Park and Safra Tampines.
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| Project | Tampines Avenue 10 New EC |
| Developer | Hoi Hup Realty and Sunway Developments |
| Location | Tampines Avneue 10 |
| District | 18 |
| Tenure | 99 years leasehold |
| Site Area | 24,938 square metres/ 268,438 square feet |
| GFA: | 69,828 square metres/ 751,632 square feet |
| Plot Ratio | 2.8 |
| Expected TOP: | |
| Total Units | Approximately 700 residential apartments |
| Total Carpark | |
| Development | Executive Condo comprising of communal facilities |
| Unit Type: | |
| Architect | |
| Eligibility | SC/ SC, SC/SPR can buy |
| Tampines Avenue 10 New EC Unit Mix Distribution | |||
|---|---|---|---|
| Unit Type | Type | Area (Square Feet) | Total No. of Units |
| 1 Bedroom | TBA | TBA | TBA |
| 2 Bedroom | TBA | TBA | TBA |
| 3 Bedroom | TBA | TBA | TBA |
| 4 Bedroom | TBA | TBA | TBA |
| 5 Bedroom | TBA | TBA | TBA |
| Penthouse | TBA | TBA | TBA |
| Tampines Avenue 10 New EC Facilities | |||
TBA
|
|||
| Tampines Ave 10 New EC Price List | |||
|---|---|---|---|
| Unit Type | Area (Square Feet) | Pricing | PSF |
| 1 Bedroom | TBA | TBA | TBA |
| 2 Bedroom | TBA | TBA | TBA |
| 3 Bedroom | TBA | TBA | TBA |
| 4 Bedroom | TBA | TBA | TBA |
| 5 Bedroom | TBA | TBA | TBA |
| Penthouse | TBA | TBA | TBA |
LOCATION and AMENITIES
Amenities Near New EC at Tampines Avenue 10
| Category | Important Amenities Near New EC at Tampines Avenue 10 | Approximate Distance |
| Train Stations | Tampines West (DT31) Downtown Line Due 2017 Tampines (EW2/DT32) Downtown Line Due 2017 |
1.7km 1.5km |
| Bus Stop | Blk 874 (Bus: 69, 293) Opp Blk 871A (Bus: 2N, 69, 293) |
0.2km 0.2km |
| Supermarkets | Fairprice (Tampines Central Community Complex) Prime (Tampines 823) Giant (829 Tampines) Cold Storage (Tampines 1) |
0.5km 0.9km 0.9km 1.7km |
| Shopping Malls | Century Square Eastlink Mall Tampines Mall Tampines 1 |
1.6km 1.6km 1.7km 1.7km |
| Education Institutions | Preschool | |
| Cavenur Kindergarten PCF Tampines West Blk 887 PCF Tampines Central Blk 725 PCF Tampines Central Blk 856-854 PCF Tampines Central Blk 858-860 PCF Tampines Central Blk 713-714 Darul Ghufran Mosque Kindergarten PCF Tampines West Blk 140-938 Soka Kindergarten |
0.6km 0.7km 0.7km 0.8km 0.9km 1.0km 1.1km 1.8km 1.9km |
|
| Primary | ||
| Poi Ching School Junyuan Primary School East View Primary School Tampines Primary School |
0.7km 1.4km 1.4km 1.6km |
|
| Secondary | ||
| Junyuan Secondary School Springfield Secondary School St Hilda’s Secondary School Tampines Secondary School |
0.5km 0.6km 0.9km 1.7km |
|
| Junior College | ||
| Meridian Junior College | 2.5km | |
| Tertiary | ||
| Temasek Polytechnic | 1.1km | |
| International | ||
| The Japanese School (Primary School – Changi Campus) | 4.1km | |
| Food Centre | Tampines Food Centre (U/C) Tampines Round Market & Food Centre |
1.3km 2.0km |
| Lifestyle | Bedok Reservoir Park Tampines Sports Hall Tampines Bike Park Sun Plaza Park Water Venture – Bedok Reservoir Park Safra Tampines Tampines Eco Green |
0.9km 1.2km 1.5km 1.5km 1.6km 1.8km 1.8km |
FACILITIES SITE and FLOOR PLANS E-BROCHURE
The Facilities and Site plan of new EC launch at Tampines, are currently seeking approval from relevant authorities.
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AVAILABLE UNITS/ SOLD/ CHEAPEST PRICES PSF
TAMPINES OVERVIEW
One of the most visited retail and leisure destinations in Singapore, Tampines is home to large part of the popluation in the East. In the coming years, Tampines is poised to grow further with new housing, shopping facilities, more parkland and other amenities at Tampines North. Transport within Tampines will be augmented, including new rail lines like the Downtown Line that will offer residents shorter, more comfortable and convenient commutes.
New EC launch at Tampines Avenue 10- Housing- Better living through a better environment
The new Tampines Town Hub will be Singapore's first integrated lifestyle hub in the heartlands, bringing retail, sporting and other community services together in one convenient space where residents can gather, interact and bond.
Tampines is set to become an integral part of Tampines. When fully developed, Tampines will provide about 21,000 new homes for Singaporeans. Transport and other facilities will accompany the building of Tampines North to ensure a highly liveable and well-connected living environment for residents.
Further developments that residents can look forward to include:
- Expansion of Changi Hospital
- A new Integrated Transport Hub (ITH) with MRT and bus interchanges co-located with residential and commercial uses after the completion of the DownTown Line (DTL) at Tampines Town Centre.
- New amenities to complement new homes in Tampines North
- In the longer term, Tampines North will also have two primary schools and two secondary schools and a new community centre.
New EC launch at Tampines Avenue 10- Leisure- Green and blue spaces come alive
Parks and waterbodies are within easy reach of residents in Tampines including Sun Plaza Park, Tampines Eco Green and many neighbourhood parks. Residents also have convenient access to the nearby Bedok Reservoir. Park connectors running along Bedok Canal and along Sungei Tampines connect to the Eastern Coastal Loop, linking Tampines to East Coast Park and Pasir Ris Park. In the coming years, a number of initiatives will be implemented to ensure that most homes in Tampines will be within 400 metres of parks or park connectors. These include:
- Setting aside substantial park alnd in Tampines North for Boulevard Park and Quarry Park that will bring greenery to the door steps of residents
- A new Park connector running between Tampines Avenue 10 and Tampines Avenue 9 to link up the Bedok Reservoir Park and Pasir Ris Park
- New neighbourhood parks in Tampines Street 86 and off Tampines Avenue 9
New EC launch at Tampines Avenue 10- Transport- Getting you there and back
Along the ITH at Tampines Town Centre, residents can look forward to smoother travel with these enhancements to roads and public transport services, including:
- Enhanced Transport connectivity with 5 new MRT stations (Tampines West, Tampines Tampines East, Expo and Upper Changi) along the Downtown Line (DTL) which will be completed by 2017.
- Expansion of the cycling network in Tampines Town and new cycling routes in Tampines North
- Two new roads, Tampines Street 85 and Tampines Street 86
- Improvements along Tampines Expressway and Pan Island Expressway
- Extension of Tampines Street 82
- Improvements in Simei Street 3 (From Simei Avenue to Simei Street 1), Tampines Avenue 4, Tampines Avenue 5, Tampines Avenue 7, Tampines Avenue 9, Tampines Avenue 10, Tampines Street 82, Bedok Reservoir Road and Tampines Street 23/32.
- Realignment and wideing of Simei Road and Somapah Road
New EC launch at Tampines Avenue 10- Economy- Quality jobs closer to home
New Developments in Tampines will boost the number of jobs available, giving residents the opportunity to work closer to home.
What residents can expect
- New Industrial sites within Tampines North along Tampines Avenue 10 and next to IKEA, Giant and Courts
- More employment and and educational opportunities from the continued development of Changi Business Park and Singapore University of Design and Technology (SUTD).
HIGHER DEMAND FOR ECs WITH ITS HIGH PROFIT MARGIN AND LOW ENTRY PRICE
Owners of Executive Condominiums (EC) stand a huge capital potential appreciation in due of the low entry price to purchase a unit compared to private condominiums.
After a period of 10 years, the EC will be privatised, changing its status to be on level to a private condominium. Foreigners will be able to purchase the unit then. Owners typically enjoy a capital gain after their EC is privatised.
The above table shows a significant increase in capital appreciation for EC owners.
Purchasing an EC is extremely promising as we may look into such capital appreciation after it becomes privatised over time.
As the entry price for an Executive Condominium (EC) is much lower than a private condominium, demand for ECs has been on the rise. New EC units are generally 15-30% cheaper than private condominiums. In addition, first timer are entitled to receive a CPF Housing Grant of up to S$30,000. These make EC an extreme worthwhile asset to purchase.
Physical features are similar when comparing between a new executive condominium with a private condominium. This include facilities such as gym, clubhouse, security guard, tennis court, swimming pool and many more.
With further developments in Sengkang and Seletar, residents of New EC in Tampines Avenue 10 will look into a long term investment with high profit margin.
When doing a comparison between an executive condominium and private condominium, we know that both EC and private condominiums offer the same features such as swimming pool, gym, tennis court and many more,
As resale executive condominiums are typically larger in space comparing to its counterpart and with a lower entry price, demand has increased for the resale ECs. This has led to a narrowing of price gap.
Owners of resale ECs have profited greatly in the market with their low entry price and they had enjoyed the bigger space and same facilities.
HOI HUP REALTY and SUNWAY DEVELOPMENTS
Developer- Hoi Hup Realty
Hoi Hup Realty Pte Ltd, established since 1983. A dynamic real estate developer who has accomplished over 900 quality homes and currently has a pipeline of more than 500 private residential units at different stages of development. Sold out projects including The Ford @ Holland, Suites @ Cairnhill and Waterford Residence indicated that developments were well-received by the market.
An eye for details and years of experience in the industry, our people have gained knowledge of the properties we develop. This knowledge enables us to increase our effectiveness and to deliver a high level of quality and innovative products to our home buyers.
Achieving high standards of building excellence. With a disciplined vision and a strong philosophy to develop properties that offer the highest level of style, functionality and innovation within prime and strategic locations, Hoi Hup’s dedication is harmonized by its commitment to outstanding workmanship and admirable value. Hoi Hup, are driven to innovate and set new standards as the niche developer that caters to a wide range of markets today and tomorrow.
Past Launches include:
Sea Esta
The Miltonia Residences
Arc@Tampines
Charlton Villas
City View@Boon Keng
deRoyale
Emerald East
Kovan Regency
La Vista@Yuan Ching
Legenda at Joo Chiat
Marine Ville
Merlot Ville
Mimosa Gardens
Questa at Dunman
Rio Gardens
Shelford 23
Sims Green
Suites@Cairnhill
The Bale
The Eastside
The Estiva
The Foliage
The Ford@Holland
The Foresta@Mount Faber
The Grandhill
The Maylea
The Peak@Toa Payoh
Vacanza@East
Versilia on Haig
Waterford Residences
Woodgrove Condominium
Main Contractor- Straits Construction
Straits Construction is one of Singapore’s leading builders with a repertoire of projects spanning the public and private sectors, from residential to commercial projects. Right from the start, we saw how we could do things better and faster. We are not just builders who know our craft well, but we are always thinking of ideas to take the business even further. We are innovators and solution providers looking for sustainable ways to improve the space where communities live and work in.
Some of our latest initiatives include leveraging technology to improve product quality, training and development to raise the skill levels of the industry, and spearheading one of Singapore’s integrated construction and prefabrication hubs to elevate productivity.
2016
The Whitley Residences
Cluster Terrace and Semi-Detached Housing Development (61 units) with common facilities at Whitley Road.
2015
Sea Esta
Condominium Housing Development comprising of 6 blocks of residential building (376 units) at Pasir Ris Link.
Yishun Greenwalk
Public Housing Development comprising of 12 blocks of residential building (1400 units) at Yishun Avenue 9
Kovan Regency
Condominium Housing Development comprising 6 blocks of residential building and 15 terrace houses (393 units) with swimming pool and basement carpark at Kovan Rise.
2014
The Miltonia Residences
Condominium Housing Development comprising of 18 blocks of residential building (410 units) at Miltonia Close
Lake Vista
Public Housing Development comprising of 4 blocks of residential building (682 units) at Yuan Ching Road
Arc@Tampines>;;
Executive Condominium Housing Development comprising of 9 blocks of residential building (574 units) at Tampines Avenue 8
Fernvale Foliage
Public Housing Development comprising of 4 blocks of residential building (504 units) at Sengkang West Way
TOOLBOX
Single-user Industrial Development with ancillary facilities at Tuas South Street 12
The Foresta @ Mount Faber
Condominium Housing Development comprising of 4 blocks of residential building (141 units) at Wishart Road
Vacanza @ East
Condominium Housing Development comprising of 7 blocks of residential building (473 units) at Lengkong Tujoh
2013
Questa @ Dunman
Condominium Housing Development comprising of 2 blocks of residential building (122 units) at Dunman Road
2012
Residences @ Killiney
Condominium Housing Development comprising of 2 blocks of residential building (68 units) at Killiney Road
Casa Clementi
The Peak @ Toa Payoh
Public Housing Development comprising of 5 blocks of residential building (1203 units) at Toa Payoh Lorong 1A
2011
Damai Grove
Public Housing Development comprising of 8 blocks of residential building (738 units) at Punggol Drive
Shelford 23
Condominium Housing Development comprising of 2 blocks of residential building (33 units) at Shelford Road
2010
Buona Vista Court
Public Housing Development comprising of 4 blocks of residential building (828 units) at Holland Drive
City View @ Boon Keng
Public Housing Development comprising of 3 blocks of residential building (714 units) at Boon Keng Road
Charlton Villas
Terrace and Semi-Detached Housing Development (39 units) with common facilities at Charlton Lane
Dover Gardens
Public Housing Development comprising of 4 blocks of residential building (943 units) at Dover Crescent
Waterford Residence
Condominium Housing Development comprising of 2 blocks of residential building (118 units) at Kim Yam Road
Versilia on Haig
Condominium Housing Development comprising of 2 blocks of residential building (128 units) at Ipoh Lane
Suites @ Cairnhill
Condominium Housing Development comprising of a block of residential building (48 units) at Anthony Road
Coralinus
Public Housing Development comprising of 6 blocks of residential building (365 units) at Punggol Place
2009
Hoi Hup Building
Multiple-users Industrial Development with basement carpark at Jalan Kilang
The Ford@Holland>;
Condo housing development comprising of 2 blocks of residential building (85 units) at Ford Avenue.
HOI HUP AND SUNWAY DEVELOPMENTS WON TOP BID OF s$434.45 MILLION FOR TAMPINES NEW GLS EC PARCEL SITE
The tender for an executive condominium (EC) site at Tampines Avenue 10 received healthy interest from developers, with seven bids received.
A consortium comprising Hoi Hup Realty and Sunway Developments submitted the highest bid of $434.45 million, followed by MCC Land (Singapore) with a $431.6 million bid.
CDL Constellation and TID Residential submitted the third highest bid of $414.3 million, while Qingjian Realty (Residential) and Evia Real Estate (8) offered $408.9 million for the site.
Lee Sze Teck, Huttons Asia’s head of research, attributed the keen interest received to the site’s location.
“It is not often that you get an EC site in a mature estate,” he said. “Furthermore sales of new EC projects in Tampines have been well-received in the past. Plus there is a lot of latent demand in the market for EC units judging from the ground experience. That may explain why we see such robust bids put in by developers.”
Launched for sale in October, the 24,933.7 sq m EC site has a maximum gross floor area of 69,815 sq m and a gross plot ratio of 2.8. It comes with a 99-year lease and could yield 695 housing units.
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