UOL, Singapore Land (SingLand), and CapitaLand Development are set to unveil their latest residential project, Parktown Residence, with previews commencing on Friday, February 7. The highly anticipated development, located in Tampines Avenue 11, will feature prices starting in the range of S$2,100 to S$2,300 per square foot (psf).

Project Details and Unit Pricing

Parktown Residence is a 99-year leasehold project encompassing 1,193 residential units across 12 blocks. The development includes:

• Two blocks of six or seven storeys,
• Eight blocks of 11 storeys, and
• Two blocks of 12 storeys.

The project offers a variety of unit sizes and price points:

• One-bedroom (plus study) (463 to 506 sq ft): Priced from S$1.07 million (S$2,311 psf)
• Two-bedroom (592 to 764 sq ft): Starting at S$1.33 million (S$2,246 psf)
• Three-bedroom (926 to 1,184 sq ft): Priced from S$2.07 million (S$2,235 psf)
• Four-bedroom (1,335 to 1,496 sq ft): Starting at S$2.85 million (S$2,134 psf)
• Five-bedroom (1,679 sq ft): Priced from S$3.78 million (S$2,251 psf)

The development sits on a substantial 550,000 sq ft site, acquired in a state tender in July 2023 for S$1.21 billion, equating to S$885 per square foot per plot ratio. The project is a 50-50 joint venture between UOL-SingLand and CapitaLand Development.

Strategic Location and Connectivity

Positioned in District 18, Parktown Residence will enjoy direct connectivity to the upcoming Tampines North MRT station on the Cross Island Line and a nearby bus interchange. The development will also be integrated with retail outlets, food and beverage spaces, a community club, and a hawker centre, ensuring convenience for residents.

Anson Lim, UOL’s General Manager for Residential Marketing, emphasized the strategic timing of the launch. “The launch of Parktown Residence is timely, aligning with Singapore’s strong economic rebound in late 2024, which saw growth of 4 per cent. Launching Parktown Residence at the start of the year leverages this momentum as we anticipate continued recovery, supported by improved household incomes and economic stability.”

Market Comparison and Prospects

Parktown Residence enters the market as the first private residential launch in Tampines since the 2,203-unit Treasure at Tampines by Sim Lian, which debuted in March 2019. During its launch weekend, Treasure at Tampines sold 272 units at an average price of S$1,280 psf. By January 2025, resale prices ranged between S$1,600 psf and S$1,830 psf, while the median price for units sold in the Tampines planning area over the last six months stood at S$1,510 psf, according to URA caveat.

With a scheduled booking date of February 22, Parktown Residence is expected to be completed by June 2030. Additionally, Tampines will see another mixed-use development in Tampines Street 94, where a Hoi Hup Realty-Sunway Developments joint venture secured a site in September 2024, outperforming five other bidders.

As Tampines continues to evolve into a vibrant residential and commercial hub, Parktown Residence is poised to set a new benchmark for integrated living in Singapore’s eastern region.

VVIP Preview and Showroom Location

Andy Chia from ERA Realty is an official property agent of Parktown Residence for sale. Reach out to him at +6583239888 to schedule an exclusive preview at the showroom. You can get the Parktown floor plans and site plan from him.