My Unbiased Tenet EC Review | Singapore Property | Eric Chiew Review

Tenet has 618 units (error in video) will have upcoming new CRL MRT station and many will also enjoy having a shopping mall by 2026.
I will be sharing the following:
Who should buy EC in the first place?
What property type should you aim for?
Changes in your loan and purchase affordability after cooling measure?
Will you make money after your MOP in 2031?
What is the potential capital appreciation after 9 years?
Are there any other opportunities for HDB/EC upgraders?
Do you like this project? Yes or No? Why?
I would love to hear from you by commenting below!
🔥 Upcoming property webinar "Buy 2 condos and make profits in 3 years" 🥳
🎬 Register now
📌 bit.ly/savvyrich3

[@savvyericchiew]

🔥 Upcoming property webinar "Buy 2 condos and make profits in 3 years" 🥳 🎬 Register now 📌 bit.ly/savvyrich3

[@Melmelmel89]

How to buy 2 properties… no cpf have cash only ah…

[@savvyericchiew]

@@Melmelmel89 you can do this and show me tinyurl.com/savvyasset Send to Facebook.com/savvyeric

[@NgIanlex]

Hi Eric! Thank you for putting up all the videos. Just wondering why you factor in a 15% profit margin? Thanks! Hope this ain't late.

[@savvyericchiew]

Developer’s healthy profit margin

[@NgIanlex]

@@savvyericchiew Got it, thanks!

[@EcoElfe]

说的好. Buy property to wait & not the vice versa 👏🏻

[@savvyericchiew]

谢谢你！🙏🏼

[@tanjiamin6840]

Hi Eric, thanks for the video! I'm just wondering what do you think about the upcoming new EC beside Tenet. If it is sold at 1500 to 1600 psf, is it still worth it to buy at such entry price? Looking at good capital appreciation. Appreciate your opinion!

[@savvyericchiew]

EC is hard to buy due to the income capped. Condo is a better choice now

[@tanjiamin6840]

@@savvyericchiew thanks for your reply! May I ask why hard to buy because of income cap?

[@savvyericchiew]

@@tanjiamin6840 can’t get so much loan due to MSR. You can get your IPA with bankers first to know how much loan you can get

[@wynn8888]

Or pay downpayment in cash first? Don’t need to get IPA right?

[@leonjia2915]

Eric, can you please review Cairnhill 16, why it hasn’t sold a single unit since its launch? I want to know if I can buy for home stay…thanks

[@savvyericchiew]

It’s super bad! Imagine you bought and didn’t see anyone else 😭 If you have $2-3million budget, there are tons of good ones!

[@Stellachua-z7g]

Hi , next time can do review on novo place

[@savvyericchiew]

Sure!

[@Melmelmel89]

I click LIKE button numerous time liao. Thank you Sifu….

[@savvyericchiew]

Wa! Thanks so much! 🙏🏼🙏🏼

[@Melmelmel89]

@@savvyericchiew Sifu, I need one to one consultation. How to make appointment and how much is your huatkuey fees?

[@savvyericchiew]

@@Melmelmel89 my team will send you details bit.ly/savvywa good to come early, got price adjustment after Nov. 😉

[@ssasupervision1535]

40ys old, Only want to own one property. So far got one HDB, wanted to upgrade to EC. Why don’t need to consider new EC?

[@savvyericchiew]

Need to pay levy, need to wait 8-9 years before can make money… Upgrade your HDB to condo is a wiser choice 😉

[@zaccaz123]

tenet 3BR ok? not facing expressway but also not facing pool And also, once MOP finish, better to decouple and buy 2nd or to sell and buy 2 new condo? Thanks in advance 🙏

[@savvyericchiew]

Since you have bought it, you have my assurance to make 450-500psf when MOP in 2030/2031. 8-9 years from now, both you and your spouse will definitely achieve more in your career. Remember to save up as much as possible! 👍 To decouple or buy 2 new condos? Ask me again in 2030/2031 😉

[@stevexie8511]

Hi Eric, would you mind sharing your thoughts on tenet 3BR w/ balcony vs 4BR w/ small balcony if affordability is ok? Would it always be better to just get the bigger unit? Is 4BR demand higher & easier to sell in the future?

[@savvyericchiew]

Bigger the better 😉 2 condos is better than 1 EC 😆

[@heartspanda]

Hi Eric, any thoughts on whether low floor (2nd floor) not near generator VS slightly higher floor (3rd floor) near generator, which unit have better profits? Can units located near generator still get decent profit?

[@savvyericchiew]

Need to hold 8-9 years, everyone will profit. Of the 2 choices, get level 3 ba.

[@SureshS-f3t]

Shifu i got a 3 bedder high floor unit facing the expressway, how do you think this was fare upon MOP as beside got another parcel b ec nearer to mrt and condo(mixed dev) coming up later this year? Have a feeling parcel b psf will be close to 1700psf and condo to be higher than 2300psf? Do u share the same view? And waiting to find out what temple coming nearby lol

[@savvyericchiew]

Parcel B should be $1500-1600 Condo maybe $2100-2200

[@andrewie4]

Watching your video halfway. Alreddy so funny!!!! Lol. U r brilliant, guru!! Jokes but with deep knowledge!! Lol

[@savvyericchiew]

Hee hee 🙏🏼🙏🏼

[@yewdaniel9727]

Hi Eric, does it means stacks 3,4,7 will not be able to get a good sales price upon MOP? And can only earn a small profit like the $100k you mentioned in your example?

[@savvyericchiew]

You misunderstood the 100k 😅 The previous example is 100k lesser profit for facing expressway. They made $350k in profits. Good facing made $4xxk (if I can remember) 😉

[@yewdaniel9727]

Hi Eric, I was referring to the lower floor units facing the potential place of worship. It was mentioned in the video that such a unit in another project made a small profit like $100k.

[@yhgc101]

Hi Eric, I have bought a low floor 3BR unit at this project during launch but since then many people have been telling me it might not be a wise decision because of problems with low floor, such as the expressway noise, insects and no privacy, etc. My partner and I have decided on this because it was either Tenet or a HDB Resale Flat for us with the budget we have (not very keen in North Gaia). Can't turn back the clock but may I check if you have any thoughts on the profitability (whether you think it is possible for us to get around 400psf profit like what you have mentioned in the video)?

[@savvyericchiew]

Min $400-$500psf in 8 years which is after your MOP

[@yhgc101]

@@savvyericchiew Hmm second floor also possible?

[@savvyericchiew]

@@yhgc101 why not? Many 1st and 2nd floor make record returns too. For your case if inner facing 2nd floor makes $500k, you will get at least $400k to $420k too 👍

[@tttlol712]

Hi Eric， I cannot find the Mix deployment land put on government land sales website? Can share where to see?

[@savvyericchiew]

www.ura.gov.sg/Corporate/Media-Room/Media-Releases/pr22-26

[@tttlol712]

@@savvyericchiew Got it！ thank you

[@stickymoney]

Hi Eric, considering that Essential occupier scheme allow to keep HDB + buying private property (after MOP), would you recommend this strategy? or you would still recommend to sell and buy 2 private properties? thank you

[@savvyericchiew]

It’s good to have a choice to keep HDB. However good private properties will always have better appreciation. I knew many who have HDB+Condo, in the end they regretted not upgrading their HDB earlier. Overall HDB+condo = comfortable life Condo + condo = huat kueh Landed + landed = giant huat kueh 😎

[@stickymoney]

@@savvyericchiew thank you for your quick insights. Light hearted but solid!

[@savvyericchiew]

@@stickymoney 😆🙏🏼🙏🏼

[@RelaxingMusic-wp8rm]

Hi, you mentioned that this is better than HDB but if earn 450k- 630k for EC ie $500 -700psf for the 3 bedders, why would it win Amk as u expect it to be 2x ie 700k to 1.5M

[@savvyericchiew]

Objective is to own 2 properties. You need to sell HDB to own 2. Whereas buying EC is clocking 1 now and you can choose to decouple later to buy 2nd. It’s much simpler. Even if you don’t do anything to EC, it’s still a condo after MOP.

[@RelaxingMusic-wp8rm]

@@savvyericchiew but in terms of appreciation alone would Amk be better? Or your view is that EC is still better?

[@savvyericchiew]

@@RelaxingMusic-wp8rm EC hands down to the goal of 2 properties 😉

[@RelaxingMusic-wp8rm]

@@savvyericchiew thanks Shifu also because BTO price is controlled I guess so not sure if will 2x haha

[@savvyericchiew]

@@RelaxingMusic-wp8rm sometimes it’s not all about appreciation, must also consider how to own 2. In my experience, once your spouse say no to selling HDB, you are goner. EC is much easier to own 2.

[@antihunter]

Anything QingJian, dont expect quality from them. All their condos in Punggol got QC problem.

[@savvyericchiew]

I heard from the owners that their quality is 😥

[@adminadmin3649]

Yes poor quality. Condo falling apart at begin stay in

[@savvyericchiew]

@@adminadmin3649 😥

[@samtnt1153]

I agree wholly! TPY BTO by Qingjian really cui in worksmanship. The Korean Sigma lifts kept breaking down. Punggol Malay couple had a toilet blew up with shit messing their entire velvet material in MBR. All are QingJian!

[@savvyericchiew]

@@samtnt1153 😭😭

[@andyskw8932]

Huat Kueh got nice watch 😉

[@savvyericchiew]

🙏🏼🙏🏼

[@billtay2839]

Is booking of EC same as private condo? can you provide the steps?

[@savvyericchiew]

A bit different, need to do e-app, need to check whether you are eligible before you can buy

[@Edisonaldo9]

Is 4 bedder starting psf expected to be higher than 3 bedder? Notice other ec launch is different

[@savvyericchiew]

Exact price on ballot day 😉

[@canonwhale]

Couldn’t tell where you were going initially, seemed quite sarcastic 😂 Thanks for the review Eric, if I can get a unit and really make $500psf in 2031, I will buy you a meal!

[@savvyericchiew]

Meal not enough la, buy me Philippe Patek 🤗

[@canonwhale]

@@savvyericchiew Then I might as well buy North Gaia now 😂😂😂

[@savvyericchiew]

@@canonwhale everyone in this video is making sure North Gaia is the best! 💪🏼

[@christinegoh2781]

How about if 48yo mom buy together with her son 22yo this year?

[@savvyericchiew]

If possible, private is better 😉

[@AshleySeow32]

Eight river suites since to be gd entry (slow moving)for rcr. Anymore upside for this?

[@savvyericchiew]

I no like Ramesh Condo 😥

[@AshleySeow32]

What is Ramesh condo?

[@savvyericchiew]

@@AshleySeow32 google it 😆

[@FionaH-dh9yu]

sceneca residence or tenet? currently own a bto..

[@savvyericchiew]

Both are not suitable for you. Aim 2 condos! Time to shine ✨

[@sek898]

how you derive $1265 at 3:29? 659*1.15 is less than that

[@savvyericchiew]

I factored in some construction cost 😉

[@yongmengtan8827]

Thank you

[@savvyericchiew]

🙏🏼🙏🏼

[@planwithisaac]

618 units not 639, 639 is Copen boss

[@savvyericchiew]

Yup it’s in my description. I forgot to change the Copen Grand slides 😆 Thanks for noticing! 👍👍

[@tttlol712]

Hi Eric, why east better that west ?

[@savvyericchiew]

Track record of the east makes more than west 😉

[@kn283]

Omg confirm will be Chinese temple ah?

[@savvyericchiew]

Don’t know yet. It will be a place of worship 😉

[@henry-me2ql]

Hi Eric, you mentioned temple, how confident are you?

[@savvyericchiew]

@@henry-me2ql can be church too

[@kelvynchin1968]

I knew it! A joke about the name being the same as that Christopher Nolan movie where everyone is walking backwards LOLs. Eh Eric, nobody buy bak pau at petrol station one la, very expensive, some more it's chicken. Haha, kway bak pau.

[@savvyericchiew]

I too hungry so I just grab anything delicious like Bak Pau 😆

[@gomugomu4489]

2022 so boring.. Last year more fun! I view the Ecopolitan face expressway so noisy nobody will buy. But now it sold so much more than my inner facing sia.. Sold in 1 week some more!

[@savvyericchiew]

2022 new launch is boring but market price is 🔥 You sold means you got a pot of gold too! 😉 use it to multiply! 🤗

[@axlcrush]

Ok really closing laptop, but wont throw away la....

[@savvyericchiew]

Means you are meant for bigger things! 🥳

[@bonnie6468]

North Gaia go everywhere need take plane 😂

[@savvyericchiew]

Go JB don’t need 🤣

[@adminadmin3649]

Can give me free 1 to 1 consultation pls. Urgent

[@savvyericchiew]

Urgent can charge double 😆 You can whatsapp my team, they will send you details bit.ly/savvywa

[@adminadmin3649]

@@savvyericchiew aiyar. different soul. don't blessing u 😲

[@nickyyap1663]

So ugly nowaday humans staying in condo and the owners sound so happy. In my country, we live in Bungalows and villas. 🤫

[@savvyericchiew]

Depends on which country 😆

[@kitatyau4908]

Hello Eric, wondering if you could assist on some matters. 😅 Watched much of your videos and gained much insights; currently managed to get a pool facing 3br at tenet, but my fiancée is having some urges to pull out and continue to try BTO and SBF (non-PLH). Have not exercised OTP with lawyer yet, so she is currently still on the line. Could you kindly advice? Her main concern is that potential recession is coming and property price now is too high and would drop 😢 ; and also cause haven’t hit 14k limit yet so should keep trying 🥲

[@savvyericchiew]

Tenet is a good choice. You won’t regret in 9 years time. I won’t say the same for BTO since my objective is to own 2 condos and you have already have 1! You will start making money once the next plot of EC land beside Tenet is sold at a higher psf next year. Plus you have a upcoming mall in 4-5 years time. EC is a great start. Be wise and get it 😉