Expected Launch Prices for Tengah EC Launching Soon

Tengah EC is a new executive condominium (EC) project in Singapore set to launch soon. It is located within the Tengah forest town, a new and upcoming development within the western region of Singapore. The project is developed by a consortium of two prominent developers, City Developments Tengah EC Limited (CDL) and TID Residential.

The launch of Tengah EC is expected to generate considerable interest among homebuyers due to its strategic location, quality of units, and attractive pricing. With the government’s additional buyer’s stamp duty (ABSD) and total debt servicing ratio (TDSR) measures in place, it is expected that the prices of Tengah EC will be more affordable for buyers.

The first phase of Tengah EC includes 516 units, ranging from two- to five-bedroom apartments, with prices starting from around $660,000. This makes the project attractive to young couples, families, and investors looking for an affordable home. The project is expected to be well-received by the market due to its attractive prices, modern facilities, and excellent connectivity.

The prices of Tengah EC are expected to be competitively priced when compared to other ECs in the west of Singapore. This is due to the fact that the project is located close to the Tengah Forest Town, which is well-connected to other parts of Singapore via the upcoming Jurong Region Line and Cross Island Line.

The average prices for Tengah EC are expected to range between $900,000 and $1.3 million, depending on the size and type of unit. This is lower than the average prices of other ECs in the west, such as The Brownstone EC, which is priced at around $1.4 million for a three-bedroom unit. This makes Tengah EC an attractive option for buyers who are looking for a more affordable home in a well-connected location.

In addition, the government’s ABSD and TDSR measures have been instrumental in helping to keep the prices of Tengah EC competitive. The ABSD has been increased from 7% to 12%, while the TDSR has been tightened from 60% to 55%, making it more difficult for buyers to purchase properties with large mortgages. These measures have helped to ensure that the prices of Tengah EC remain competitive.

Overall, the launch of Tengah EC is expected to generate considerable interest among homebuyers due to its strategic location, quality of units, and attractive pricing. With the government’s additional buyer’s stamp duty (ABSD) and total debt servicing ratio (TDSR) measures in place, it is expected that the prices of Tengah EC will be more affordable for buyers. The average prices for Tengah EC are expected to range between $900,000 and $1.3 million, depending on the size and type of unit. This makes Tengah EC an attractive option for buyers who are looking for a more affordable home in a well-connected location.

The Tengah EC is the latest executive condominium (EC) project to launch in Singapore. Located in the West Region of Singapore, the development is poised to become one of the most sought-after ECs in the city. With its modern architecture and attractive amenities, the Tengah EC is expected to draw in plenty of interest from potential buyers. As such, many are curious about the expected launch prices for the Tengah EC.

The Tengah EC is being developed by the renowned developer, MCL Land. The project consists of 7 blocks of 18-storey high-rise buildings, offering 825 residential units. The units range from 1-bedroom to 5-bedroom apartments, with an average size of between 500 and 1,300 square feet. The development also features a variety of lifestyle facilities, such as a 50m swimming pool, a gym, a tennis court, and a play area.

Analysts have estimated that the expected launch prices for the Tengah EC will range from $700,000 to $1.7 million, depending on the size and type of the unit. Based on this estimate, it is expected that the Tengah EC will be one of the most expensive ECs in Singapore. This is due to its prime location, which is close to the upcoming Tengah Town Centre and Jurong Innovation District. The development is also located near several transport hubs such as the Tengah MRT station, making it a highly desirable address for potential buyers.

The expected launch prices for the Tengah EC may also be affected by the recent trend of rising prices in the EC market. According to the Urban Redevelopment Authority (URA), the median price of EC units rose by 5.2% in the first quarter of 2021, compared to the same period last year. This means that buyers should expect to pay more for a unit at the Tengah EC than they would have a few months ago.

In addition to the expected launch prices of the Tengah EC, potential buyers should also consider the additional costs associated with purchasing an EC. These include the cost of the membership deposit, which is 10% of the purchase price of the unit. Buyers should also be aware of the monthly maintenance fees, which will be determined by the management corporation. Lastly, buyers should also plan for the stamp duty and legal fees associated with the purchase of a property.

Overall, the expected launch prices for the Tengah EC are expected to be higher than the average EC prices in Singapore. However, the development’s prime location and attractive amenities make it an attractive option for potential buyers. As such, buyers should be prepared to pay a premium price if they want to secure a unit at the Tengah EC.