Tenet
The ground under it was tendered in 2021. Both ends of that are public; nobody puts them together.
The land under Tenet
HDB put this parcel out to tender and names Tenet as what was built on it. Everything below is from that tender: the dates, the winning price, and the number of bids received.
- Tender launched15 Apr 2021
- Tender closed22 Jul 20219 bids received
- Awarded3 Aug 2021QJ-OS Pte. Ltd. and Santarli Realty Pte. Ltd.
- Winning tenderS$422,000,000S$7,093 per sq m of gross floor area · S$659 per sq ft
- Parcel
- Tampines E12 Tampines Street 62 (Parcel A)
- Site area
- 23,799 sq m
- Lease
- 99 yrs
- Plot ratio
- 2.5
- Gross floor area
- 59,498 sq m
- Sold as
- EC
What the land cost and what a unit sells for are not two ends of one sum. Between them sit construction over a multi-year build, financing, the development charge, marketing and agent commissions, GST, and the cost of holding unsold units. None of those is published for a named project, so this site does not estimate a developer’s cost or margin and no figure here should be read as one.
Source: HDB — Sites Sold by HDB · tender awarded 3 Aug 2021 · transcribed from HDB’s published tables on 2026-08-31 · prices are nominal and are not adjusted for inflation. HDB names the development on this row as “Tenet”. This parcel, from tender to today · Every land sale
What has been filed there since
Those two are not the same square foot. Gross floor area includes what nobody buys — the corridors, the car park, the plant rooms — so the land rate is spread across more area than a unit is sold by. The ratio is arithmetic on two published figures and is not a return, a profit, or an appreciation.
Year by year, for a median-sized unit
| Year | Median psf | Against the year before |
|---|---|---|
| 2022 | $1,396 (84) | — |
| 2023 | $1,389 (32) | -0.5% |
| 2024 | $1,517 (3) | +9.2% |
| 2026 | $1,787 (3) | +17.8% |
The two ends of this page are not two ends of one sum. Between the tender and the first unit sold sit construction over a multi-year build, financing, the development charge, marketing and agent commissions, GST, and the cost of holding unsold stock. None of those is published for a named project, so nothing here estimates a developer’s cost or margin and no figure on this page should be read as one. Why that is refused.