New EC at Tampines Ave 10
New Executive Condo at Tampines Avenue 10
Hoi Hup and Sunway beat 6 other developers to win the fiercely competitive tender for developing a new executive condo (EC) at Tampines Avenue 10.
The winning bid for the site was S$434.45 million, or S$578 psf/per plot ratio (ppr).
Rare EC in a Mature Estate
Located in the mature estate of Tampines, this upcoming new EC is one to watch out for in 2020!
With very few ECs on offer the past couple of years, the demand for ECs is fast building up. So do expect huge interest for this EC – especially since ECs in mature estates are very rare!
This EC site is located at the intersection of Tampines Ave 10 and Ave 5, next to the condo The Alps Residences.
We bet many HDB owners in the surrounding Tampines and Pasir Ris estates will be looking at potentially upgrading to this Tampines Ave 10 EC, as ECs offer a very attractive entry price into private housing ownership.
Tampines is well served by mega malls such as Our Tampines Hub, Tampines Mall, IKEA, Giant and Courts Megastore. Jewel Changi Airport is just one MRT stop away.
Plenty of greenery, parks and community spaces dot the estate. SAFRA Tampines is also a stone’s throw away.
Huge Potential Upside
While buying a new EC already avails you to some price upside (as ECs are essentially deeply discounted private condos subject to a 5 year minimum occupation period), the real icing on the cake is the relocation of Paya Lebar Airbase.
New and exciting developments to take place on the site of Paya Lebar Airbase will undoubtedly increase property prices in the surrounding areas.
Leave your contacts below to get fresh updates and discounted VVIP prices from the developer, as we approach the launch in 2020!