Written by: Marissa Saini
Developed by Bellavue Properties, under City Developments (CDL), The Tapestry made a splash over its opening weekend when 70% of the 450 units released were sold. Hailed as the “first premium suburban condominium” launched in 2018, the development is certainly one that has captured the attention of investors, home buyers and those entering the private property market for the first time.
The property’s expected date of vacant possession is slated to be on 31 October 2022.
Is The Tapestry perfect for your next investment?
1. Specifications
With a prime location in Tampines Avenue 10, minutes away from everything the vibrant neighbourhood of Tampines has to offer, the development boasts a total of 861 units, with seven 15-storey blocks.
| Project Name | Tenure | Unit Types | Size | Average Price PSF |
|---|---|---|---|---|
| The Tapestry | 99-year leasehold |
1-bedroom 1-bedroom + ensuite study 1-bedroom + study 2-bedroom 2-bedroom + study 2-bedroom premium 3-bedroom 3-bedroom premium + flexi 4-bedroom 4-bedroom dual key 5-bedroom dual key + study |
441 – 1,765 sq ft | From $1,216 |
2. Abundance of Amazing Facilities
Parents, there’s a childcare centre within the property for worry-free drop-offs.
On the weekends, there’s plenty of fun to be had! Tapestry gives a whole new meaning to staying at home. Enjoy unforgettable family events at over 50 facilities, complete with a 100m infinity pool, Adventure Playground, Pets Cabin, and a club house called Club Tapestry with an alfresco dining area by the lawn and kitchen equipment.
3. Outstanding Location and Accessibility
Get around easily with The Tapestry’s complimentary shuttle bus service to Tampines MRT (both East-West Line and Downtown Line) for a period of one year, effective six months from the TOP. Shopping and dining destinations abound, such as Tampines Mall, Giant Hypermarket, Courts Megastore, and IKEA Tampines are a short drive away from the property.
Driving around island wide is a breeze, as it’s within two major expressways – TPE and PIE – as well as the Bartley viaduct.
4. High-end Smart Home Design and Security
Apartments are adorned with designer fittings such as a Haiku ceiling fan, private lifts (for four- and five-bedroom units) as well as kitchen and bathroom equipment from top-notch brands namely Teka, Grohe and Duravit.
Not only that, look forward to smart home living the second you move in, through high-tech features. You can switch on the lights, fan, air-con, and voice-activated assistance at the touch of an app. Never worry about security again, inside each unit is equipped with a camera and main doors come with smart locks to keep your home secure.
5. Comparing rental rates of surrounding condos
According to Urban Redevelopment Authority (URA), neighbouring condo, The Santorini, has a healthy monthly rental rate of up to $1,950 for a one-bedroom apartment and $2,400 for a two-bedroom apartment. The Tropica, another nearby condo, reported a slightly higher rental rate of up to $2,700 for two-bedroom apartments.
You can check other rental rates for nearby two-bedroom properties using Ohmyhome.
In terms of convenience and recreational facilities, The Tapestry comes out on top. With recreational activities and childcare amenities covered, enjoy a worry-free lifestyle you and your family will love. From an investment standpoint, it has fruitful prospects. Undoubtedly, the development’s easy connectivity will ensure healthy tenant demand if you’re not looking to purchase for your own-stay.
Talk to our real estate consultants and get VIP agent service.
Best Mortgage Rate Across All Banks for The Tapestry
Talk to our mortgage brokers with over 30 years of experience and get the lowest mortgage rate at 1.95%. Our home loan specialists will assist you with everything you need to know from Total Debt Servicing Ratio (TDSR), Loan to Value (LTV) Limits and Legal Conveyancing.
Buyer’s Stamp Duty for The Tapestry
Buyer’s Stamp Duty (BSD) is tax paid on documents signed when you buy or acquire property located in Singapore.
If you opt to buy a two-bedroom unit (classic) at The Tapestry priced from $796,000, your Buyer’s Stamp Duty (BSD) is $18,480.
| Market Value of the Property | BSD Rate | Calculation |
|---|---|---|
| On the first $180k | 1% | $1,800 |
| On the second $180k | 2% | $3,600 |
| Next $436,000 | 3% | $13,080 | BSD Payable | $18,480 |
Source: IRAS
Looking at another unit size? Use Ohmyhome’s In-app BSD calculator for faster calculation! Download Ohmyhome from the Play Store or App Store now!
Additional Buyer’s Stamp Duty for The Tapestry
Liable property buyers in Singapore are required to pay Additional Buyer’s Stamp Duty (ABSD) on top of the existing BSD. ABSD and BSD are computed on the purchase price as stated in the dutiable document or the market value of the property (whichever is the higher amount).
Who is liable to pay ABSD:
- Singapore Citizen (SC) buying second, third and subsequent residential property
- Singapore Permanent Resident (SPR) buying first, second and subsequent residential property
- Foreigners or entities buying any residential property
ABSD for Singapore Citizens when Buying The Tapestry
Here’s the ABSD amount you are required to pay if you are an SC:
| Property Ownership | ABSD Rate | ABSD Amount from Price $796,000 |
|---|---|---|
| If The Tapestry is your second residential property | 12% | $95,520 |
| If The Tapestry is your third or subsequent residential property | 15% | $119,400 |
ABSD for Singapore Permanent Resident when Buying The Tapestry
Here’s the ABSD amount you are required to pay if you are an SPR:
| Property Ownership | ABSD Rate | ABSD Amount from Price $796,000 |
|---|---|---|
| If The Tapestry is your first property | 5% | $39,800 |
| If The Tapestry is your second or subsequent residential property | 15% | $119,400 |
ABSD for Foreigners when Buying The Tapestry
Here’s the ABSD amount you are required to pay if you are a foreigner:
| Property Ownership | ABSD Rate | ABSD Amount from Price $796,000 |
|---|---|---|
| Foreigners buying any property | 20% | $159,200 |
Agent Service for Home Buyers at $0 Agent Fee
Our real estate consultants will provide you insights about this new launch project and assist you with everything you need to know from Buyer’s Stamp Duty, Additional Buyer’s Stamp Duty, exercising the OTP to sealing the deal.
You can buy your new home with Ohmyhome’s VIP agent service at $0 agent fees!
