Parktown Residences Tampines: UOL, SingLand, and CapitaLand Development Unveil New Condo Launch with Prices Starting at S$1.07 Million

In a significant move for Singapore’s residential property market, developers UOL Group, Singapore Land (SingLand), and CapitaLand Development have announced the preview of their latest Tampines mega project, Parktown Residence. This highly anticipated new condo launch in Tampines is set to commence previews on Friday, February 7, 2025, with unit prices starting from S$1.07 million.

Strategically located along Tampines Avenue 11, Parktown Residence is a 99-year leasehold development comprising 1,193 units spread across 12 blocks. The project offers a diverse range of unit types to cater to various lifestyle needs:

• One-Bedroom Plus Study: 463 to 506 square feet, starting from S$1.07 million (approximately S$2,311 per square foot).
• Two-Bedroom Apartments: 592 to 764 square feet, priced from S$1.33 million (around S$2,246 per square foot).
• Three-Bedroom Units: 926 to 1,184 square feet, beginning at S$2.07 million (approximately S$2,235 per square foot).
• Four-Bedroom Apartments: 1,335 to 1,496 square feet, with prices starting from S$2.85 million (about S$2,134 per square foot).
• Five-Bedroom Units: 1,679 square feet, priced from S$3.78 million (approximately S$2,251 per square foot).

This Tampines mega project is part of an integrated development that will seamlessly connect residents to the future Tampines North MRT station on the Cross Island Line and a new bus interchange. Additionally, Parktown Residence will feature retail spaces, diverse dining options, a community club, and a hawker centre, enhancing the convenience and lifestyle offerings for its residents.

Anson Lim, UOL’s General Manager for Residential Marketing, highlighted the strategic timing of this launch: “The introduction of Parktown Residence aligns with Singapore’s robust economic rebound in late 2024, which saw a growth of 4%. Launching at the start of the year leverages this momentum, as we anticipate continued recovery supported by improved household incomes and economic stability.”

The last significant private residential launch in Tampines was the 2,203-unit Treasure at Tampines in March 2019, which saw units selling at an average price of S$1,280 per square foot during its launch weekend. As of January 2025, resale prices for units in that development ranged between S$1,600 and S$1,830 per square foot. In contrast, recent data indicates that the median price for units sold in the Tampines planning area over the past six months stands at S$1,510 per square foot.

Sales bookings for Parktown Residence are scheduled to commence on February 22, 2025, with the project’s completion anticipated by June 2030. This development represents a significant addition to Singapore’s residential property landscape, offering modern living spaces with unparalleled connectivity and amenities in the heart of Tampines.

For more information and to register your interest, visit the Parktown Residence website.