Tengah’s massive 3560-unit project is a big bet for both developer and future residents. This huge development includes every floor plate, including the 3-Gen flat category that’s not as common.
The risk comes in the form of an undeveloped estate, that can cause some form of inconvenience earlier on for those who need immediate access and “at your doorstep” levels of convenience.
As this is literally one of the earlier batches of flats to be developed in Tengah, potential residents will be part of a transformation of the area. At the moment, buyers will see that nothing connecting this estate with the rest of Singapore.
However, Tengah will be Singapore’s first car-free town, with roads and vehicles running beneath the town centre.
Additionally, Tengah Plantation MRT will come online by 2026, and a cavalcade of parks, town centres, community clubs and hawker centres are being planned in support of the Jurong Lake District, also known as Singapore’s second CBD. That means that significant investment will continue in this area, with even more HDB and private properties being developed alongside amenities.
This is definitely a neighbourhood for the forward-looking and can be considered an investment.
We predicted that this Tengah BTO release will see prices for 4-room units starting at $309,000. We were close, as prices of 4-room units start at $302,000. We still think that prices are steep for a non-mature estate. However, if you’re betting that the government’s vision for Tengah will be realised, then this is definitely worth the price of entry.
Here are the final prices for the Tengah BTO developments:
- 2-room Flexi (38-40 sqm): Prices start at $110,000 and go up to $135,000
- 2-room Flexi (47 sqm): Prices start at $127,000 and go up to $167,000
- 3-room: Prices start at $208,000 and go up to $256,000
- 4-room: Prices start at $302,000 and go up to $381,000
- 5-room: Prices start at $409,000 and go up to $510,000
- 3-Gen: Prices start at $442,000 and go up to $504,000