The Terrace EC is an Executive Condominium located near the junction of Edgedale Plains and Punggol Drive. The Terrace EC may sometimes be referred to as Punggol EC. An Executive Condominum is essentially a hybrid between a private property and a HDB flat. Started in 1996, Singapore Government introduced ECs or Executive Condominium Projects to encourage private property ownership for Singaporean families. Executive Condominium projects serves as a point of conversion for HDB owners to become private property owners. The Executive Condominium program have since continued to 2004 and stopped for few years before the next wave making a come back in 2010. No EC units have been transacted as unprofitable under normal resale conditions till date. This has triggered a strong demand in the EC market, attracing both upgraders and new family startups. We now have an approximately 20 fully privatised ECs, 4 partially privatised and 10 recieved TOP status. Some will be receiving keys soon and the others are under construction.
The Terrace was officially launched in December 2014 and is Singapore's 52nd Executive Condominium and the 14th EC in District 19. Executive Condominium Projects in District 19 are The Florida, The Rivervale, Park Green, Esparina Residences, Prive, Austiville Residences, Riverparc Residences, Waterbay, Twin Waterfalls, Heron Bay, Ecopolitan, Waterwoods, Bellewaters, The Terrace and The Amore.
The purchase of a unit at The Terrace EC comes with ownership and resale restrictions like income ceiling as well as Minimium Occupation Period of 5 years. HDB Policies changes as and when according to market sentiments, The Terrace is the last batch of ECs not affected by Resale Levy being imposed on 2nd Timer which can amount to $55,000 depending on the type of your first subsidied flat direct from HDB. In additional, certain CPF housing grants are available for grabs for 1st Timer - those who have not enjoyed any housing subsidy from HDB before. Sales of units are to be deal direct with the developer like a private property and subjected to HDB approval in the process.
The Terrace is a Executive Condominium Project that is truly suitable for people who are family orientated. The facilities within are very well designed and situated in the different tiers of terrace or layers. The Terrace EC facilities can be categorised by three main components namely the Active Tier, The Leisure Tier and The Tranquil Tier. Read on for the different kinds of entertainment you can have at each tier of The Terrace EC.
The Terrace EC expected TOP (Temporary Occupation Permit) date is 31 March 2018.
The Terrace EC - Three Tiers of Terraced Living
The Terrace EC is driven by 3 Tiers of Terraced Living along the Punggol Waterway:
The Active Tier of The Terrace EC
Most suited for the young, parties and family gathering places.
The Leisure Tier of The Terrace EC
Have a romantic evening with your spouse gardening, enjoying the greeneries.
The Tranquil Tier of The Terrace EC
Wants to be alone and relief yourself from stress? This is the perfect place!
The Terrace EC - The Active Tier
THE ACTIVE TIER OF THE TERRACE EC
Residents at The Terrace EC can enjoy the view of the Waterway as they swim, entertain, work out, or study. The 50m beach pool is designed to overlook the Punggol Waterway enhancing the boundary-less of the site. Direct access to the 4.2km Waterway jogging path, connecting residents to recreational parks and amenities around Punggol. Many interesting facilities of The Terrace EC are concentrated at The Active Tier. Here you can find function room, BBQ pit, dining pavilion, sports bar and game room, 50m swimming pool, sun deck, sail pavilion, changing room, dance studio, steam room and other water features. A good portion of The Active Tier are dedicated for the young and are placed near to one another, making live easier for baby sitters. We have the Kids' Pool, Kids' Playground, Kids' Enrichment Room, Kids' Multi-Purpose Room and Kids' Play Room.
The Terrace EC - The Leisure Tier
THE LEISURE TIER OF THE TERRACE EC
The Leisure Tier of The Terrace features an Architectural Broadwalk Terrace. As you might have guessed by looking at the Artists' Impressions above. This portion of The Terrace EC is covered with wooden planks and water features. This aesthetically pleasing setup makes up a perfect place for a romantic walk. Does this concept reminds you of NParks? This part of The Terrace EC features a Origami Pool, Urban Farming, Biopond, Dipterocarp Forest and The Clubhouse, housing a reading room with views out towards the lap pool, and two karaoke rooms. Guard House and Drop-off point is at this portion of The Terrace EC.
The Terrace EC - The Tranquil Tier
THE TRANQUIL TIER OF THE TERRACE EC
The Tranquil Tier is also called the Peaceful Mediation Terrace is surrounded by a meandering water stream. You can find Yoga decks and hammocks at this part of The Terrace EC. Retired Daddy and Mummy seeking a quiet, peaceful space will find this a wonderful setup. FYI, hammocks are good for the back.
The Terrace EC at a glance
The Terrace EC buyers need not pay resale levy.
The Terrace EC buyers need not pay agent commission.
The Terrace EC is for Singaporean Household only; minimium one Singapore Citizen as applicant. No Singles Scheme.
The Terrace EC buyers can get a maximium of $30,000 CPF housing grant if you meet the eligibility conditions for CPF Housing Grant.
The Terrace EC buyers need to obtain a Letter Of Offer from a financial institution before signing the S&P Agreement if CPF funds are needed to pay for the deposit & Buyer Stamp Duties for the purchase.
The Terrace EC buyers need to prepare a minimium 5% Cash for booking of an EC unit.
The Terrace Executive Condominium is located at Edgedale Plains, Punggol.
Mins to Compass Point Mall, Rivervale Mall, Rivervale Plaza & Upcoming Seletar Mall
Mins to Farmway LRT Station & Sengkang MRT Station / Sengkang Bus Interchange
Near to Reputable Schools - Nan Chiau Primary and Nan Chiau High School
Close proximity to Sengkang West Industrial Park / Seletar Aerospace Park / Upcoming Sengkang General & Community Hospital
See The Terrace Location Map or The Terrace Showflat Location.
|The Terrace EC||The Terrace Executive Condominium Descriptions|
|Project Name||The Terrace, The Terrace Executive Condominium or The Terrace EC|
|Developer||Peak Square Pte Ltd|
|Tenure of Land||Leasehold 99 years|
|District||19 or 28|
|Site Area||259,034 sqft|
|Gross Floor Area (GFA)||880,714 sqft|
|Carpark Lots||747 Lots ( 6 accessible lots, 2 Storey MSCP, Full B1 and Partial B2 )|
|Description of Development||3 Blocks of 13-16 Storey and 9 Blocks of 17-Storey apartments comprising a total of 747 units with landscaped deck, common basement carpark and communal facilities.|
|Unit Sizes / Layouts||Please see The Terrace EC Unit Mix, The Terrace EC Floor Plans or The Terrace EC Siteplan|
The Terrace EC - The Terrace Executive Condominium Specifications (Subject to changes w/o prior notice)
|Specifications||Material and/or Structure|
|Foundation||Reinforced concrete bored piles and/or reinforced concrete precast piles|
|Superstructure||Reinforced concrete structures|
|Walls - External||Reinforced concrete and/or common clay brick wall and/or precast wall|
|Walls - Internal||Reinforced concrete and/or common clay brick walls and/or drywall partition system and/or precast panel and/or solid block wall|
|Roof||Reinforced concrete roof with appropriate waterproofing and insulation system|
|Unit Ceiling||Skim Coat and/or ceiling board and/or bulkhead with emulsion paint finish|
|Unit Wall Finishes Dry Areas||Cement sand plaster and/or skim coat with emulsion paint finish.|
|Unit Wall Finishes Wet Areas||Ceramic and/or homogeneous tiles|
|Unit Floor Finishes||Ceramic and/or homogeneous tiles with/without laminate skirting or matching skirting. Kindly refer to The Terrace ebrochure.|
|Windows||Powder-coated finish aluminium framed with tinted and/or clear glass and/or frosted glass and/or laminated glass where appropriate|
|Doors - Main Entrance||Approved fire-rated timber door|
|Doors - Bedrooms and Bath||Hollow core flush timber door and/or sliding timber door|
|Doors - Kitchen||Timber framed door with infill glass panel|
|Doors - Utility||Aluminium framed PVC folding door and/or hollow core flush timber door|
|Doors - WC||Aluminium framed PVC folding door|
|Doors - PES and Balcony||Powder-coated finished aluminium framed sliding/swing door and/or fixed glass panel with tinted glazing and/or clear glass and/or frosted glass where appropriate|
|Sanitary Fittings||Kindly refer to The Terrace Showflat|
The Terrace EC - The Terrace Executive Condominium Contact Us
|Ecopolitan||Bellewaters||Sturdee Residences||The Terrace|
|Punggol EC District 28 - 124 Punggol Walk||Punggol EC D28 - Punggol Central/ Edgedale||Sturdee Residences D08 - 10 Beatty Road||Punggol EC D19 - Punggol Drive / Edgedale|
|3BR Dual Key||From $ 833,400||3 Bedrooms||From $759,000||1 Bedroom||From $6XXK||3 Bedrooms||From $748,700|
|3BR Premium||From $ 875,900||4 Bedrooms||From $890,000||2 Bedrooms||From $8XXK||3BR Premium||From $790,100|
|4 Bedrooms||From $ 932,700||4BR Premium||From $952,000||3 Bedrooms||From $1.1XM||4 Bedrooms||From $965,000|
|4BR CoSpace||Frm $1,114,700||5BR CoSpace||Frm $1,113,000||4 Bedrooms||From $1.7XM||5BR Penthouse||Frm $1,402,900|
|*The content of this table is provided by third party and hence we do not warrant the accuracy. Please call The Terrace EC Sales Team at +65 92771821.|