Tengah EC Site In 2H 2020 Government Land Sale:
Tengah EC is the first executive condominium site was offered for sale on 26th November 2020 under the 2nd half Government Land Sale (GLS) 2020 initiative. A total of 7 bids were received.
This executive condo residential site was approved for the GLS programme under the confirmed list released in June 2020.
According to schedule, confirmed sites are launched regardless of demand, while a site on the reserve list is put up for bid when a developer’s indicated minimum price is acceptable to the Government.
The tender for this Tengah EC was given a longer tender time of 6 months. It closed on 25th May 2021 at 12 noon.
How Many Units Will Tengah EC Have?:
There will be 12 blocks with up to 14 floors each that will house the units. Tengah executive condo can yield approximately 620 apartment units.
The 99-year leasehold Tengah land parcel is located on Tengah Garden Walk, an undeveloped road. The site has a total area of approximately 22,020.8 m2. The plot ratio for this site is 2.8 which works out to a maximum Gross Floor Area (GFA) of 61,659 m2.
As the first EC housing project to be constructed in Tengah’s “forest town,” it will be located next to the Garden Vines @ Tengah Build-To-Order (BTO) project.
Who Won The Tengah EC Tender?:
On 3rd June 2021, the Housing and Development Board (HDB) announced that Taurus Properties SG was awarded the first executive condominium (EC) site in Tengah for $400,318,000. Taurus Properties SG is a joint venture between City Developments Limited (CDL) and MCL Land.
In terms of square footage per plot ratio (psf ppr), this translates to S$603 for the 99-year leasehold site.
Estimated Selling Price:
The Tengah EC is located close to Jurong Innovation District (JID) and as such, it will be attractive to buyers. It is estimated to sell at a price of between 1,190 and 1,250 psf.
Within Walking Distance To 3 MRT Stations:
Tengah Garden Walk EC Singapore is in close proximity to three MRT stations namely Tengah Plantation MRT Station, Tengah MRT Station and Hong Kah MRT Station. These stations are along the upcoming Jurong Region Line which are slated for completion in 2026/2027.
It is within walking distance of three MRT stations on the future Jurong Region Line and also close to Tengah’s future car-free town centre.
Future Developments At Tengah Forest Town:
Nearby developments include a bus interchange, a polyclinic, a sports center and a community club.
Tengah will also house twelve land parcels designated for education institutions, all within 2 km of the EC site. Two existing schools within 2 kilometres radius are Princess Elizabeth Primary School and Shuqun Primary School.
There are going to be five executive condominium projects in Tengah’s Garden District with Tengah Garden Walk EC being the first EC project. Home owners can expect the development to be of high quality. This will be in line with the government’s exciting plans to develop Tengah forest town into a smart and sustainable community.
When it is completed, Tengah will be home to approximately 42,000 new houses. As of May 2020, eleven Build-to-Order (BTO) projects had been launched.