Arc EC is completely SOLD OUT.
Arc EC . Tampines EC by Hoi Hup Sunway . Artist’s Impression
Update 12 June 2022: Arc at Tampines has been fully sold for some time. If you have been looking for an executive condominium in a good location, the good news is that Copen Grand EC will be launching soon, possibly in the 4th quarter of this year 2022 or early next year.
This upcoming executive condo has the advantage of Arc EC in being within walking distance of an MRT station, the Tengah station on the Jurong Region Line (JRL). On top of that, it is also within walking distance of Tengah town centre, known as The Market Place. Should you wish to know more, refer to the Copen Grand page. The Copen Grand EC launch is being highly anticipated, as there are not many executive condos that have been given such a convenient site.
In addition, Tengah estate is a new HDB township, that promises to be eco-friendly and sustainable. It is being planned from the ground up with a full suite of amenities, and set amidst plenty of greenery, parks and waterbodies. The developers for this Copen Grand EC is a joint venture of MCL Land and CDL, two of Singapore’s brand-name developers with a wealth of experience and expertise, and solid track records.
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Arc is an executive condominium. It comes with full condominium facilities and gardens, and is set in Tampines Town, which is prized for being a big regional center. Complete range of amenities: malls, supermarkets & food outlets, library, commercial hub, sports & swimming complexes, good schools, and easy access by road or MRT.
In fact, this Tampines EC is just across from Temasek Polytechnic, beyond which is Bedok Reservoir and the greenery of Bedok Reservoir Park, and close to Tampines Quarry Park. Arc EC is distinctive architecturally too – with its sleek forms, curvilinear balconies and Miami style pool.
Reasons to Buy Arc EC
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. Located in Tampines Town, short distance to Tampines Regional Centre and full range of amenities.
. About 1000m from future Tampines West MRT station (upcoming Downtown Line 3).
. In green, quieter part of Tampines: views of Bedok Reservoir & unblocked views to Quarry Park.
. Near educational institutes like St Hilda’s, Tampines JC, Temasek Polytechnic, United World College.
. Full condominium facilities (includes 50m lap pool, jacuzzis, tennis court, etc).
. First time buyers eligible for $30,000 CPF housing grant.
. Deferred Payment Scheme available.
After paying 5% cash + 15% (from CPF) + stamp duty, you don’t have to pay anything more till TOP.
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Arc EC Investment Value
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Reap potential capital gain here when the future Tampines West MRT station comes up nearby.
About $200K cheaper than similar new private condominiums. Proximity to Tampines & Changi Business Parks, Changi Aerospace Park and the airport is likely to offer good potential resale value after 5 year MOP.
The Sunday Times 17 October 2010 reported that “…ECs that have met their MOP has shown a 66.9 per cent price appreciation from 2004 to this year” which is “…higher than the 51.8 per cent price increase in mass market residential homes…”
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Buying Arc EC
This Tampines EC launched for sale end-August 2011. Over 80% sold as of November 2011.
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But what if one doesn’t qualify to buy an executive condominium? Not to worry – there are other, some would say better, options. You could get a private condominium instead. And the advantage is that some of these are within walking distance of an MRT station. Such as the Arcady at Boon Keng condo.
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THE ARCADY CONDO PRICES
The Arcady at Boon Keng is a new condominium project that is being developed by KSH Holdings Limited, in conjunction with H10 Holdings and SLB Development. Like Arc at Tampines, it is located more toward the east of Singapore.
However, the Arcady condo is more conveniently located than Arc, being within 6 minutes walk from Boon Keng MRT station. That it is a prime parcel of land on the city fringe, formerly that of Euro-Asia Apartments that fetched a good price in a collective en-bloc sale.
This is hardly surprising as the Arcady at Boon Keng occupies a city fringe site in the Kallang Planning Zone, that is a growth area. It should appeal to both investors looking for a place that would attract tenants, as well owner-occupiers looking for a home for their family.
The Arcady condo prices have not been finalised yet, as the showflat is only set to open its doors on 6 January 2024. However indicative prices are likely to average around $2,5xx PSF, though the smaller units will usually be priced above the average.
The floor plan brochure has just been released, so do head over to the Arcady condo at Boon Keng page for more details.
