Tenet is a 618-unit Executive Condominium at 650 Tampines Street 62, District 18, in Tampines North. It was developed by a joint venture of Qingjian Realty, Santarli Realty and Heeton Holdings, through the QJ-OS vehicle that won the Tampines Street 62 land parcel against nine competing bidders. The development is 99-year leasehold, comprises multiple blocks with a full facility deck, and is completing in 2026. URA records all 618 units as taken up.

The launch record is unusually clear. Tenet previewed on 12 November 2022, took e-applications to 28 November, and launched on 3 December 2022 at an average of about $1,360 psf. It sold 447 of its 618 units - 72.3 per cent - on the first day, with over 5,000 visitors at the show gallery and more than 45 per cent of 984 ballot tickets dropped. That is a strong EC launch, and it reflects both the price position and the fact that the Tampines North site was one of the more contested EC parcels of its cycle.

Being an Executive Condominium is the single most important thing to understand about Tenet, and it cuts both ways. On the one hand, an EC is built and sold by a private developer to a specification close to private condominium standards - Tenet's facility programme includes a 50m grand pool, cascading stream, waterfall corridor, infinity pool, family pool, aqua sunbed, poolside terrace, sky garden and sky deck, steam room, sports court, multipurpose court, tennis court, gym, picnic lawn and three BBQ pavilions - and the pricing is held below comparable private developments because the income ceiling for buyers caps what can be charged. On the other hand, EC purchase is restricted to eligible Singapore citizen and permanent resident households subject to income and family criteria, there is a minimum occupation period of five years before the unit can be sold or let, and only after ten years does the development become fully privatised and open to all buyers including foreigners and companies. Those rules, not the building, determine who can buy and when.

The location is Tampines North, which is one of the more active growth areas in the east. The development sits a short walk from the Tampines North station being built as part of the Cross Island Line - Singapore's eighth MRT line, running from Changi through the north-east and into the west and interchanging with the Thomson-East Coast and Downtown lines. That is the most significant change to this location's connectivity. On retail, Courts Megastore is about 821m, IKEA Tampines about 979m, Prime Supermarket about 559m, Giant about 671m and a Sheng Siong about 909m, with the Tampines town centre - Tampines Hub, Century Square, Tampines Mall, Tampines One - a short drive. On schooling, Angsana Primary is about 612m, Elias Park Primary about 904m, Meridian Primary about 913m and Park View Primary about 948m, and the wider area holds St Hilda's, Temasek Polytechnic, the Singapore University of Technology and Design and the United World College of South East Asia.