PARKTOWN RESIDENCE
New Tampines Launch . Connected to Tampines North MRT
Register for Updates . By Capitaland + UOL + SingLand
Register for Updates . By Capitaland + UOL + SingLand
A Fully Integrated Development is coming up at Tampines Avenue 11 that offers residential units connected directly to retail amenities and a transport node. Spanning a fairly large land area of 545,511 sq ft, Parktown Residence is looking to redefine urban living in the north of Tampines.
Artist’s Impression . Parktown Residence and Parktown Tampines Mall
This project, integrating the retail mall PARKTOWN Tampines, and 1,193 homes at PARKTOWN Residence, with a bus interchange, a community club, and a hawker centre, aims to marry urban innovation with community-centric design.
In addition, it is linked to the future Tampines North MRT station on the Cross-Island Line. The ensuing seamless connectivity will further enhance its accessibility and convenience.
Parktown Residence Location Plan of Neighbourhood . Source URA
The developers behind Parktown are Topaz Commercial and Topaz Residential, a collaboration of CapitaLand Development, UOL Group Limited, and Singapore Land Group. Their collective expertise and depth of experience bodes well for Parktown Residence, and its standing amongst integrated developments in Singapore.
As we look towards the unveiling of the Parktown condo, we are invited to envision a dynamic urban oasis where residents can live, work, and play seamlessly. This development represents not just a physical space, but a vibrant community hub where the various facets of modern living are thoughtfully curated.
For example, it is designed with a corridor of greenery across the site, seemingly extending the green of Tampines Boulevard Park on its east, to the linear park on its west.
A Home in a Garden . Extending Tampines Boulevard Park into Project
Artist’s Impression . Parktown Residence in Tampines . Cascading Green Valley
Given its convenient location, comprehensive amenities, and the expertise being invested into it, Parktown Residence looks all set for contemporary living in Tampines. The homes on offer here will range from one bedders, to 5 bedroom apartments.
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The Parktown Residence . Attributes
The unveiling of the Parktown project will be one of the most significant upcoming launches, with its developers securing the coveted site at a tender price of SGD$1.21 billion. The joint venture between Temasek-controlled CapitaLand and the UOL-SingLand consortium brings together a wealth of expertise, to shape a dynamic mixed-use development that promises to add further to the attractions of Tampines.
Artist’s Impression . ParkTown and Mall by CapitaLand and UOL
Envisioned to seamlessly blend commercial and residential spaces, Parktown Residence will not only offer 1,193 new homes but also integrate essential amenities such as a bus interchange, a community club, and a hawker centre, with Tampines North MRT station.
Artists Impression . Direct Link to Tampines North MRT Station
This reflects URA’s commitment to creating a vibrant and inclusive environment, one that caters to the lifestyle needs of the growing residential population of Tampines North.
The developers have not given any indicative selling prices for the homes here yet. But based on the land cost, Leonard Tay, head of research at Knight Frank Singapore, has projected prices possibly starting from $1,900 PSF upwards.
If that should be the case, it is likely to draw quite a bit of interest. There is strong demand for mixed-use projects with well-curated retail offerings and ease of access to community facilities. The appeal of this development is undeniable, and Singapore homebuyers have so far shown a willingness to invest in lifestyles that go beyond mere property ownership.
Artist’s Impression . Parktown Residences Condo Valley Grove
These same amenities also appeal to potential tenants, so the Parktown condominium is likely to attract investors as well.
18 September 2024 Update
A tender for a smaller mixed-used site in Tampines, this time at Tampines Street 94, just closed with six bids, in the strongest turnout a government land sale has seen in the past year.
The top bid, by a Hoi Hup Realty-Sunway Developments JV, came in at SGD$1,004 per square foot per plot ratio (PSF PPR) for the land. This is 13.4% higher than the SGD$885 PSF PPR that UOL and CapitaLand paid for the Parktown site in July 2023.
As a comparison, the Parktown site is much bigger and will therefore have more retail space and amenities. Its other advantage is that it will link directly to Tampines North MRT station. Whereas the Tampines Street 94 site, though just opposite Tampines West station, does not look likely to have a direct link to it.
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Register interest for updates.
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Context of Parktown Condo Neighbourhood . Tampines Town
As Singapore’s first regional hub, and one of its biggest, Tampines is on track to develop into a full-fledged commercial centre. In fact it is already a major focal point of business activity in the east region of Singapore.
Going forwards under URA’s Master Plan, Tampines is set to witness further enhancements and growth, ensuring a continuous evolution to becoming a more vibrant and self-sustaining estate. The expansion of amenities not only benefits its current inhabitants, but also offers a promising outlook to future residents.
Supported by a well-rounded infrastructure, Tampines is at present home to a full range of amenities. There are a number of bustling malls with the usual retail offerings like eateries, fast food outlets, supermarkets, shops, and services. Most of the retail banks are represented too.
Tampines also boasts two major complexes – the IKEA / Courts / Giant retail park, and Our Tampines Hub. Our Tampines Hub is Singapore’s first integrated lifestyle and community hub. It houses swimming pools and a sports complex together with a community library, cafes, shops, a foodcourt, government agencies, all under one roof.
The estate has its own big patch of greenery as well, incidentally not too far from Parktown Residence. The biggest part of that is covered by Tampines Eco Green Park, with offshoots like Sun Plaza Park almost touching Tampines Town Centre. Another offshoot, the linear Tampines Boulevard Park, may even link Parktown to all that greenery.
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Register interest for updates.
Project FactSheet
| Name | PARKTOWN Residence |
| Developer | Topaz Residential Pte Ltd + Topaz Commercial Pte Ltd (JV by CapitaLand Development Pte Ltd + UOL Group Limited + Singapore Land Group Limited) |
| Status | Mixed Development Condominium (No restrictions on ownership) |
| Address | 1 Tampines Street 62, Singapore 529411 3 Tampines Street 62, Singapore 529412 5 Tampines Street 62, Singapore 529413 7 Tampines Street 62, Singapore 529414 9 Tampines Street 62, Singapore 529415 11 Tampines Street 62, Singapore 529387 13 Tampines Street 62, Singapore 529388 15 Tampines Street 62, Singapore 529389 17 Tampines Street 62, Singapore 529390 19 Tampines Street 62, Singapore 529391 21 Tampines Street 62, Singapore 529382 23 Tampines Street 62, Singapore 529383 |
| District | 18 |
| Site Area | 50,679.7 m² (545,511 sq ft) |
| Gross Floor Area (GFA) | 126,700 m² (1,363,790 sq ft) |
| Estd Commercial GFA | 13,600 m² (146,390 sq ft) |
| Plot Ratio | 2.5 |
| Tenure | 99 years leasehold w.e.f 9 October 2023 |
| Expected Date of NOVP | 30 June 2030 |
| Target TOP Date | Estimate End 2028 (Non-Commitment Basis) |
| No. of Blocks/Storeys | 12 residential blocks (2 blocks of 6-7 storeys + 8 blocks of 11 storeys + 2 blocks of 12 storeys) with communal facilities on a one-storey podium (housing retail & commercial outlets, hawker centre, community club, bus interchange) and 2 basement levels of retail spaces |
| No. of Units | 1,193 |
| Project Description | Mixed Use Residential + Commercial Development integrated with a retail mall (PARKTOWN Tampines), community club, hawker centre, bus interchange, with direct connectivity to the upcoming Tampines North MRT station |
| Architect | P & T Consultants |
| Project ID | 2nd Edition |
| Landscape Architect | Henning Larsen |
| M&E Engineers | Rankine & Hill |
| C&S Engineers | TW-Asia Consultants |
| Quantity Surveyor | Threesixty Cost Management |
| Main Contractor | United Tec Construction |
| Developer’s Solictors | Allen & Gledhill LLP (Blocks 3, 5, 7, 9, 13 & 15) Dentons Rodyk & Davidson LLP (Blocks 17,19 & 21) WongPartnership LLP (Blocks 1, 11 & 23) |
| Project Account | UNITED OVERSEAS BANK LIMITED FOR PROJECT ACCOUNT NO. 451-314-037-6 OF TOPAZ RESIDENTIAL PTE LTD AND TOPAZ COMMERCIAL PTE LTD |
Artist’s Impression . Parktown Residence by UOL-SingLand & CapitaLand
Parktown Residences Floor Plan
Please drop us your contact details in the Form below if you wish us to email or WhatsApp you the Parktown condo floor plans.
Artist’s Impression . Parktown Residence Floor Plans . Lap Pool and Sundeck
Parktown Residence Site Plan
Parktown Residences is a condominium within a mixed-use project in the north-west sector of Tampines HDB township. The Parktown site is a regular shaped land parcel, bounded by roads all around it.
URA’s Master Plan zones the site for development of up to 2.5 gross plot ratio. This compares to plot ratios of 2.5, 2.8, and 3.0 for the surrounding land parcels, mostly zoned for residential use. Which means that the surrounding buildings, both HDB blocks and executive condominiums, will likely be taller and/or more dense.
However a bit of breathing room is afforded by the site to the south-east, across Tampines Street 62. That is zoned for educational use, likely a school, which would normally be no more than 6 or 7 storeys. As it is, there is already another school, Angsana Primary School, south of that. So together, they provide a relatively more open vista in this direction.
The main vehicular entrance is along Tampines Avenue 11, on the north-west of the site. To the immediate north of the site is also where Tampines North MRT station is located.
This is an underground station on the upcoming Cross-Island line, with a passage that connects directly to Parktown itself. It hence provides for seamless integration between the MRT network, and the bus interchange within the development, to serve the surrounding community.
The other two frontages of the site are bordered by roads as well. Tampines North Drive 2 on its north-east, and Tampines Avenue 6 on its south-west, across which are HDB blocks.
ParkTown Residence Site Plan Layout with Legend . Click to Enlarge
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Facilities
Artist’s Impression . Cascading Aquatic Experience in Tampines Condo
Artist’s Impression . Park Town Residence Main Pool
Artist’s Impression . ParkTown Condominium Kids Function Room
Artist’s Impression . Park Town Condo Kids Entertainment Room
Parktown Residence Showflat
The Parktown showflat is not available for viewing yet. Please let us know via the Form below if you wish to be notified when the showflat is ready for viewing appointments.
Artist’s Impression . ParkTown Residence Showflat . Reading Pavilion
Parktown Residence Prices · Unit Types
UNIT TYPES . SIZES
| Unit Description | Type | No. of Units |
Strata Area (sq m) |
Strata Area (sq ft) |
| 1 Bedroom + Study | AS | 73 | 43 / 47 | 463 / 506 |
| 2 Bedroom | B | 160 | 55 | 592 |
| 2 Bedroom Premium | BP | 292 | 63 / 67 | 678 / 721 |
| 2BR Premium + Study | BPS | 134 | 71 | 764 |
| 3 Bedroom | C | 135 | 86 – 88 | 926 – 947 |
| 3 Bedroom Premium | CP | 158 | 98 – 100 | 1055 – 1076 |
| 3BR Premium + Study | CPS | 115 | 108 – 110 | 1163 – 1184 |
| 4 Bedroom | D | 57 | 124 – 126 | 1335 – 1356 |
| 4 Bedroom Premium | DP | 47 | 138 / 139 | 1485 / 1496 |
| 5 Bedroom Premium | E | 22 | 156 | 1679 |
| Total Number of Units | 1,193 | |||
Floor areas stated includes any Patios, Balconies, Terraces but excludes A/C ledges.
PARKTOWN RESIDENCES PRICE RANGES
Prices for this Parktown residence have not been finalised yet.
Please let us know via the Contact Form if you wish to be updated on the pricing once available.
PARKTOWN CONDO PRICING BACKGROUND
The HDB land tender for this 545,314 square feet mixed-use site closed on 27 June 2023. The land use zoning envisages a commercial + residential development, integrated with a bus interchange, community club, and hawker centre.
A collaboration of CapitaLand Development, UOL Group and Singapore Land (SingLand) topped the bidding at close to SGD$1.21 billion, or $1,206,390,880 to be precise. This works out to $885 PSF PPR (per square foot per plot ratio) for the land alone.
Knight Frank Singapore’s head of research, Mr Leonard Tay, believes that based on this land cost, the likely selling price of homes here could start from around $1,900 PSF. In fact, he says that given the “appeal of mixed-use developments with sizeable retail components”, there is every likelihood of pricing here even going above $2,100 PSF.
Do note however, that this project is affected by URA’s harmonisation of floor area rules, that came into effect on 1 June 2023.
One consequence is that air-con ledges are no longer included within a unit’s strata floor area. Buyers are of course, generally happy about it, as they understandably prefer to pay only for what they can step on.
But the reality is actually a bit more nuanced than that. While previously it could be said that buyers were “paying” for the air-con ledge included within the unit’s strata area, developers really used that to bring down the per square foot (PSF) pricing for the unit.
At the end of the day, developers still need to cover their costs and make their profits. So post-harmonisation, they are simply going to charge a higher PSF pricing, to achieve the same total selling price for the unit.
About the Parktown Residence Developer
Parktown Residences is being developed by a joint venture of CapitaLand and UOL, together with its sister company SingLand.
The UOL-SingLand consortium will hold a 50% stake in the joint venture, while CapitaLand will hold the other 50% share.
Both entities are very reputable and experienced industry players, not only in real estate, but in delivering and managing mixed developments too.
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About Capitaland Limited (“Capitaland” or the “Group”)
CapitaLand stands tall as a prominent figure in the real estate industry, not just in Asia but on a global scale. With a vast portfolio surpassing SGD$131.7 billion, CapitaLand’s reach extends far and wide, encompassing a diverse array of real estate classes. From residential to commercial and retail spaces, integrated urban developments to logistics and industrial spaces, and business parks, CapitaLand’s influence knows no bounds.
Despite its global footprint spanning across 200 cities in over 30 countries, CapitaLand remains rooted in its core markets of Singapore and China. However, its ambition to grow and diversify sees CapitaLand venturing into new territories such as Europe, Australia, the USA, Vietnam, and India.
What truly sets CapitaLand apart is its robust real estate investment management arm, boasting a suite of eight listed business trusts and REITs, along with over 20 private funds. Ascendas Reit, CapitaLand Commercial Trust, Ascott Residence Trust, CapitaLand Retail China Trust, Ascendas India Trust, CapitaLand Malaysia Mall Trust, and Ascendas Hospitality Trust are just a few names under this vast umbrella.
As we delve into the intricate web of CapitaLand’s operations, it becomes evident that its impact on the real estate landscape is profound and far-reaching. The sheer scale and scope of its ventures reflect a commitment to excellence and innovation in every facet of the real estate spectrum. CapitaLand’s journey towards shaping the future of real estate is not just a testament to its success but a reflection of its unwavering dedication to redefining the industry standards.
Capitaland has undertaken many projects, including some rather high-profile ones. Among them are One Pearl Bank, Orchard Residences, Interlace, The Nassim, Sky Habitat, D’Leedon, and mixed developments like Canninghill Piers and Sengkang Grand Residences, both in conjunction with CDL.
Marina One . Mixed Development by Capitaland
For more details on Capitaland, see www.capitaland.com (opens in new window).
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UOL Group Limited (“UOL” or the “Group”)
Since its inception in 1963, UOL Group has been a beacon of architectural brilliance and unwavering commitment to excellence. Renowned for its impeccable portfolio of award-winning projects, UOL has established itself as a pillar in Singapore’s real estate landscape.
UOL’s dedication to architectural excellence has not only garnered international acclaim but has also set new standards in the industry. With prestigious accolades such as the FIABCI Prix d’Excellence Award, the Aga Khan Award for Architecture, and the Singapore President’s Design Award, the Group continues to push boundaries and redefine luxury living.
Venturing beyond residential developments, UOL has seamlessly expanded into the realms of hospitality and commercial ventures. Managing a diverse array of upscale properties under acclaimed brands like Pan Pacific and ParkRoyal, UOL has created an unparalleled experience for guests and tenants worldwide.
At the heart of UOL’s ethos lies the vision of crafting masterpiece homes that transcend time. Each meticulously designed property is a testament to the Group’s commitment to blending architectural finesse with natural beauty, creating living spaces that resonate with discerning homeowners.
With a keen eye for detail, a spirit of innovation, and a deep understanding of market dynamics, UOL continues to set itself apart as a developer that not only meets but exceeds the evolving needs of its residents. As UOL Group forges ahead, its legacy of quality and excellence shines brighter than ever, shaping the future of luxury living.
The MeyerHouse by UOL . Developer for Parktown Residences
Among the several other local residential developments that UOL has delivered, are MeyerHouse, Nassim Park Residences, Duchess Residences, Waterbank @ Dakota, Spottiswoode Residences, Amber45, The Tre Ver, Newton Suites, Meadows @ Pierce, Principal Garden, and Seventy St Patricks.
Besides these, UOL also developed the mixed developments Southbank and One-North Residences.
To read more on UOL, see their website at https://www.uol.com.sg (opens in new window).
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Singapore Land Group Limited (“SingLand” or “the Group”)
Since 1971, SingLand has been at the forefront of the real estate industry, making a significant mark both locally and internationally. As a subsidiary of the esteemed UOL Group, SingLand, formerly known as United Industrial Corporation (UIC), embodies a rich history of collaboration and innovation.
Specialising in a diverse range of properties including residential, commercial, retail, and hotel real estate, SingLand’s portfolio is a testament to its commitment to creating vibrant and dynamic spaces. With a keen focus on Singapore, SingLand’s commercial properties play a pivotal role in shaping the city’s landscape, boasting over 1 million square feet of retail real estate and 2.5 million square feet of premium office space in iconic locations like Marina Square, SGX Centre, and Singapore Land Tower.
Beyond Singapore’s shores, SingLand’s presence extends to key overseas markets, showcasing its global vision and strategic expansion. By fostering environments that foster collaboration and growth, SingLand continues to redefine the concept of modern living and working spaces.
As we delve into the legacy of SingLand, we are reminded of its unwavering dedication to enhancing the lives of businesses, communities, and individuals alike. With a steadfast commitment to excellence and innovation, SingLand stands as a beacon of inspiration in the realm of real estate development.
The Avenue South Residence by SingLand and UOL
SingLand’s projects, some produced in partnership with UOL, include V on Shenton, The Tre Ver, Clement Canopy, Clavon at Clementi, and Avenue South Residence.
Parktown Residences Location · Features
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Location. The Parktown location is in the north of Tampines town, along Tampines Avenue 11. It occupies an island site, bounded on the other sides by Tampines Avenue 6, Tampines Street 62, and Tampines North Drive 2.
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Supermarkets, F&B, Shops, Banks, Lifestyle, Libraries. Being a mixed development means that the Parktown Residences location contains its own amenities. Besides the usual retail shops, food outlets, and so on, it is integrated with a hawker centre, a community club, as well as the Bus Interchange. So residents need not even set foot outside their precinct, to access the usual daily necessities.
On top of that, Tampines, being one of the largest regional centres in Singapore, is fairly self-sufficient itself too. A walk around the estate reveals a full spectrum of amenities. From neighbourhood centres to malls, banks, and libraries, and even office buildings. The town centre boasts three good sized shopping centres – namely Century Square, Tampines Mall, and Tampines One.
Our Tampines Hub Lifestyle Complex . At Tampines Town
Tampines also possesses Singapore’s first integrated community and lifestyle complex in Our Tampines Hub. This huge building houses an indoor stadium, a big playground, six swimming pools, government agencies, a community library, shops, a foodcourt, and various eateries.
The retail scene at Changi Airport, a 10 minute drive away, are another option. The mall there that comes especially to mind is Jewel, an impressive nature-themed retail and entertainment complex.
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MRT Stations. At the moment, this site is not within walking distance of any MRT station. The nearest station currently is 1.5KM away at Tampines town centre, which functions as an interchange station between the East-West and Downtown lines.
However the Tampines North station on the Cross-Island line is being built right next door here. In fact, one arm of it will link to the Parktown integrated development, offering direct sheltered access to the station. This station, and this phase of the Cross-Island line, is due to complete around 2030.
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Parks and Recreational Facilities. The Parktown condo location is also a short walk from the biggest park in Tampines, the Tampines Eco Green Park. An arm from it, the Tampines Boulevard Park, stretches to just opposite Tampines Street 62.
Tampines Boulevard Park also links southwards, across Tampines Avenue 9, to Sun Plaza Park. This sits beside the Tampines Town Centre, which makes for a nice walk there via the parks.
A park connector runs from Eco Green Park northwards, under and across the TPE, to Pasir Ris Town Park, ending at Pasir Ris Park and Beach. This connectivity between the various parks offers cyclists and joggers a variety of routes to explore.
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Schools & Educational Institutions. Tampines, like almost all HDB estates, is fairly well supplied with both primary and secondary schools. The one nearest to the Parktown Residences location is probably Angsana Primary School, just across Tampines Street 62.
Other more well known schools in the estate include St Hilda’s Primary School, Temasek Polytechnic, and the United World College of South East Asia (East Campus). The Singapore Institute of Technology @ TP is located within the Temasek Polytechnic campus.
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Connectivity & Accessibility. The Parktown location at the north of Tampines town, places it near the egress to / ingress from, the Tampines Expressway (TPE), via Tampines North Drive 2. That should save drivers a fair bit of time. These days, with so many traffic lights within estates, it can take as long just to get out onto the expressway network, as to reach the city once you are on the network.
Parktown Residence Location Plan . Source URA
Pasir Ris Park and Beach . Accessible via the Park Connector from Tampines Eco Park
CONTACT FORM
