Why Tengah EC is Undervalued Compared to Recent New Launches
Tengah EC is a relatively new development on the island, but it is already setting new records. The developer, Taurus Properties SG, recently acquired the first executive condominium site in Tengah, a location better known as Forest Town. This land was sold for $400,318,000, or $603 psf prr, a new record for an executive condominium site. Previously, the previous record was held by Sumang Walk EC, which sold for $583 psf prr four years ago.
If you are looking for a new executive condominium, then look no further than North Gaia. It will be the first new EC in Yishun in 7 years, and it has some key benefits over its counterparts. In addition to offering waterfront views, North Gaia is one of the more affordable launches in the area.
For one, it is a quiet neighbourhood with full amenities just minutes away. For another, it is located next to the future Khatib Bongsu Nature Park, which will include a nature trail through the mangrove forest. The park will also be accessible to kayakers.
Another important factor to consider when assessing the affordability of ECs is the price per plot ratio. The price per plot ratio of North Gaia was $576 psf in 2020, and recent land transactions have surpassed this figure. In addition, the next three EC projects will have land rates over $600 psf, which is significantly higher than North Gaia’s.
The URA has granted permission for a new EC development, North Gaia, which contains 616 units. While the number of EC projects has increased over the past few years, the total number of available units is still low. Parc Central Residences and Parc Greenwich are two recent examples that have sold more than 80 percent of their units.
Copen Grand EC is located in a prime location near Jurong Lake District, Woodlands Regional Centre, and Sungei Kadut Eco District. It is also near the forthcoming Tengah MRT station, which will be the first station on the Jurong Regional Line. The prime location makes Copen Grand EC an ideal choice for those who are looking for a place to live with a sense of community.
The project has a large land area of 22,020.8 square meters, with a maximum gross floor area of 61,659 square metres. It consists of 620 residential units, ranging from cozy one-bedroom units to premier five-bedrooms. The design is also attractive, with well-planned landscaping and green transport options.
The location also offers easy access to major employment hubs. The project is also close to the Jurong Innovation District, Jurong Lake Gardens, and the Tuas Port. The development is less than half a kilometre from the nearby Tengah Town Centre, which will feature hawker centres, medical-care facilities, and a sports complex.
If you are in the market for an EC, you might want to check out the New EC in Tengah Garden Walk. This is a new development that is under construction. Prices here are significantly lower than nearby new launches. You can even avail a developer discount to visit the new development.
As of June 2017, Tengah Garden Walk EC is one of the cheapest executive condominiums in Singapore. It could sell for around $1,190 to $1,250 per square foot (psf psf). It is located within the future Jurong Region Line and is near the future car-free town centre.
The location is a big plus for this project. This is a prime location for families. The development is near the Tengah MRT station, and it is one of the first executive condominiums to incorporate green features. The project will be a part of the transformation of Tengah Town, which will be a green city.
This EC is located near a number of schools, including Princess Elizabeth Primary School and Dazhong Primary School. The development will also feature a sports centre and a polyclinic. Tengah Garden Walk will also include dedicated gardening and farming spaces. It will also feature green architecture.
Located in the heart of the town, Tengah EC is within walking distance of several amenities. It is also close to the Jurong Innovation District, which is Singapore’s thriving advanced manufacturing hub. It is also located next to the Jurong Lake District, Singapore’s second largest central business district outside of the city centre.
Tengah EC is Singapore’s first smart town, offering new living and recreational opportunities. The town is designed with a unique focus on nature and community. It will feature Singapore’s first car-free town centre and lush landscaping. It will also feature comprehensive communal facilities such as schools and health care facilities. The project is expected to be completed by 2018.
Tengah is expected to have up to 42,000 new homes once it is fully developed. It currently has 11 Build-To-Order projects. The most recent sales exercise was in May. This is a good sign for the project.
Copen Grand EC is located within the Tengah Town blueprint. The development is designed with a higher sense of relief in a green township, and will increase the quality of life for its residents. The development is set to feature more green features and amenities, catering to a younger population. It is also expected to foster a more connected community.
The development is also strategically located near many expressways that connect other parts of Singapore. This means that commute times will be reduced. There is easy access to multiple schools and highways.
The location of Tengah EC is ideal for those seeking to be close to the Central Business District, as it is less than 30 minutes away. It is also near Jurong Innovation District, a premium hub with a vision to be a global leader in advanced manufacturing. Within a short drive, buyers can also take advantage of nearby schools such as Princess Elizabeth Primary School and Shuqun Primary School.
The location of Tengah EC is ideal for commuters as it is close to three upcoming MRT stations. The Jurong Region Line will connect the north-western part of Singapore to the western region. The development also boasts extensive cycling and walking paths, as part of a car-lite blueprint initiative. Additionally, it will include a town centre that will include retail and commercial spaces.
The new development is also expected to lead in sustainability and smart technology in the city-state. It will feature autonomous vehicles, smart-enabled homes, automated waste collection, and a central waste management system. Furthermore, its natural forest environment will be protected and maintained.
Tengah EC is strategically located near several expressways, including the Pan Island Expressway, Kranji Expressway, and Bukit Timah Expressway. This ensures seamless travel and reduces traffic times significantly. Besides, the town centre will have a pedestrian street separated from road traffic, which will make it ideal for cycling, walking, and recreational engagements.
With a total gross floor area of over 65,000 square feet, Tengah EC may sell at up to $1,190 psf, making it one of the most expensive EC projects in Singapore. Located within the Garden district in Tengah, it is close to a future Jurong Region Line and will offer a car-free town centre. In addition to its premium location, Tengah EC has community activities such as a mini golf course and cutting-edge technology. Combined with the rejuvenating landscapes, this project promises a healthy lifestyle.
Tengah EC is a green development that will be one of the best examples of green townships in Singapore. This EC is also near the Tengah MRT station. The project is currently under construction and will be ready for sale in H2 2020. The EC is expected to be a hit with HDB upgraders as well as first-time buyers, and the market will see limited stock of the units.
The EC is expected to feature residential towers nestled in a thicket of lush greenery. Connecting the towers are a series of walking trails that will encourage residents to lead greener lives. It will also feature electric vehicle charging stations for its residents. These charging stations double as mobility tools and help new residents transition to a lower carbon footprint.
Compared to recent new launches, the Tengah EC may be a better value than the nearby neighbourhoods. Its proximity to the MRT station should make it more desirable for renters.