What is the balance unit availability for Parktown Residences

ParkTown Residence is a significant new development in the Tampines area of Singapore, located along Tampines Avenue 11 in District 18. Here are some key points about this project:

Integrated Development

ParkTown Residence is the first integrated development in Tampines North, combining residential, commercial, and transport hubs. It will feature a vibrant bus interchange, a community club, and a hawker centre, making it a self-contained and convenient living space.

Developers

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

Units and Pricing

The development consists of 1,193 units, with prices starting from $1.07 million for a one-bedroom plus study unit, translating to about $2,311 per square foot. Larger units, such as four-bedroom units, start from $2.85 million ($2,135 psf), and five-bedroom premium units start from $3.78 million.

Amenities and Connectivity

Residents will benefit from excellent connectivity, with the development situated near MRT stations like Tampines North CR6 and Pasir Ris CR5. The area is also home to several shopping malls, including Tampines 1, Century Square, and Tampines Mall. Additionally, the East Region, where Tampines is located, is a key aviation hub and has various industrial estates and economic activities.

Public Interest

The public preview of ParkTown Residence from February 7 to 9, 2025, drew over 10,000 visitors, indicating strong interest in this new development.

Future Developments

The area is set to see further enhancements with the upcoming Cross Island Line and Thomson-East Coast Line, which will improve connectivity to other parts of Singapore. The government also plans to create more jobs in the semi-conductor and aviation sectors in Tampines North, Pasir Ris, and Changi, which could drive housing demand in the region.