The tender for the Tampines Street 62 site, available for up to 700 residential units and spanning 301,392 square feet, attracted fierce competition with a total of seven bidders when it closed in July. Its prime location next to Tenet, a 618-unit EC developed by Qingjian Realty, Santarli Realty, and Heeton Holdings, further increased its appeal. The developers had previously secured the adjacent site in August 2021 for $422 million, or $659 psf ppr, making the potential Tampines North EC development a highly sought-after opportunity.
One of the key factors driving the success of Tenet is its prime location in Tampines North. The town is strategically situated between the bustling hubs of Tampines and Pasir Ris, providing residents with easy access to a wide range of amenities and facilities. This includes two major shopping malls, Tampines Mall and Century Square, as well as a wide range of dining options and …