The Eden at Tampines, on Tampines St 34, launched for sale in 2001 and was one part of the early generation Executive Condominiums (ECs) when the scheme was new. Since then, while the intent of ECs have remained the same (catering to the ‘sandwiched’ class of homebuyer) the market has evolved.
ECs still resonate the strongest among owner-occupiers, especially families and young couples. Like many ECs, the unit mix at The Eden consists of three- and four-bedders, with layouts that are relatively large compared to newer ECs today.
Older ECs also tend to be located in neighbourhoods with a less extensive network of public transport options, although ongoing improvements are changing that for the better. At The Eden, the nearest MRT station is Tampines East on the Downtown Line, but this was only operational in 2017, more than a decade after the project was completed in 2003.
So, the initial owners of The Eden had to accept that there was no conveniently located MRT connection for their area at the time.This isn’t true today though, as Tampines East station is about 500m away.
Thus, when The Eden first hit the market, the area was less connected to the public transit network, but the unit sizes were larger and relatively affordable at the time. So, has this translated to strong capital gains?
Let’s take a look at the average prices of The Eden at Tampines today
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