REWRITTEN MESSAGE: What are the reasons not to buy Parktown Residence?

Parktown Residence is a highly anticipated 99-year leasehold development located along Tampines Avenue 11 in District 18 of Singapore. Here are some key points about this project:

Location and Accessibility

Parktown Residence is situated in Tampines, one of Singapore's largest new towns, and is accessible via the nearest MRT stations, including Tampines North CR6 and Pasir Ris CR5.

Developers

The project is spearheaded by a joint venture led by CapitaLand with a 50% stake, and UOL and SingLand sharing the remaining 50%.

Amenities and Features

This development will be part of a mixed-use complex, integrating residential spaces with commercial amenities, a vibrant bus interchange, a community club, and a hawker centre. This blend of urban lifestyle amenities and excellent connectivity is expected to make it a desirable living space.

Surrounding Area

The area is rich in amenities, including shopping malls like Tampines 1, Century Square, and Tampines Mall, as well as recreational facilities such as Tanah Merah Country Club and Laguna National Golf & Country Club. The nearby Singapore Expo complex hosts international events, and Pasir Ris Park offers natural attractions like a 6ha mangrove forest.

Future Developments

The region is set to benefit from increased connectivity with the upcoming Cross Island Line and Thomson-East Coast Line, and the government has plans to create more jobs in the semi-conductor and aviation sectors in Tampines North, Pasir Ris, and Changi.

Pricing

The asking prices for units at Parktown Residence range from approximately S$2,240 to S$2,310 per square foot, depending on the unit type and configuration.

For more detailed information, including floor plans, available units, and sales transactions, you can visit the EdgeProp Singapore website.