In brief
UOL Group, SingLand and CapitaLand Development have introduced PARKTOWN Residence, a 1,193-home project in Tampines, Singapore. The developers say the 99-year leasehold development will connect directly to a retail mall, the future Tampines North MRT station and a bus interchange, alongside a community club, hawker centre and green boulevard. Public previews began on 7 February 2025, with sales booking scheduled for 22 February. Prices start at S$1.07 million for a one-bedroom-plus-study apartment. The project also includes four themed facility zones, with amenities such as pools, gyms, co-working lounges and courts. The developers expect the development to receive its Temporary Occupation Permit by mid-2030.
Key takeaways
- PARKTOWN Residence will comprise 1,193 homes in Tampines, with public previews beginning 7 February 2025.
- Sales booking is scheduled for 22 February 2025; prices start at S$1.07 million.
- The development is planned to connect to a retail mall, future MRT station and bus interchange.
- The developers expect the project to receive its Temporary Occupation Permit by mid-2030.
First mega property launch of 2025, directly linked to retail mall, future Tampines North MRT station, bus interchange, green boulevard, community club and hawker centre PARKTOWN Residence comprises 1,193 spacious, upscale homes Apartments starting from S$1.07 million for one-bedroom plus study Previews start from Friday, 7 February 2025 (2pm)
Singapore, February 7, 2025 -- PARKTOWN Residence, the largest residential and lifestyle development integrated with a transportation hub in Singapore, will open for public previews from 7 February 2025, with sales booking on 22 February 2025, joint developers UOL Group Limited (UOL), Singapore Land Group Limited (SingLand) and CapitaLand Development (CLD) said today. The project is a 50:50 joint venture between UOL-SingLand and CLD.
PARKTOWN Residence
The apartments at PARKTOWN Residence, a 99-year leasehold development, are attractively priced from:
- S$1.07 million for a one-bedroom plus study (463 sq ft)
- S$1.33 million for a two-bedroom unit (592 sq ft)
- S$2.07 million for a three-bedroom unit (926 sq ft)
- S$2.85 million for a four-bedroom unit (1,335 sq ft)
- S$3.78 million for a five-bedroom unit (1,679 sq ft)
PARKTOWN Residence facade
Strategically located at Tampines Street 62, PARKTOWN Residence, the first mega property launch of the year, will feature 1,193 residential units seamlessly connected to a diverse mix of retail spaces, dining options and enrichment schools. It will also include a green boulevard that forms part of the newly opened Tampines Boulevard Park, a supermarket, a community club and a hawker centre. It will be directly linked to the future Tampines North MRT station on the Cross Island Line and a bus interchange, offering residents easy access to other parts of Singapore.
UOL Group Chief Executive Liam Wee Sin said: “PARKTOWN Residence is a fully integrated development that enfolds a green boulevard where you can feel the immensity of space within a five-hectare site. It stands out as the first mega property launch of the year in Tampines, one of the most popular mature residential estates in Singapore. We are excited to unveil the concept of upscale living in a one-stop lifestyle hub, blending high-quality amenities with high liveability.”
CLD (Singapore) Chief Executive Officer Tan Yew Chin said: “What sets PARKTOWN Residence apart is its vision of a home inspired by nature. This self-sustaining community landmark brings together convenience, connectivity and liveability under one roof, with amenities including enrichment schools, a supermarket, a hawker centre, a community club, and an integrated transport hub. With a retail mall spanning over 146,000 sq ft, PARKTOWN Residence represents a vibrant and thriving community. Residents can also enjoy an active, eco-conscious lifestyle with access to a growing cycling network that will connect them to Pasir Ris, East Coast Park and the Round Island Route.”
Mr Tan Yew Chin, CEO of CLD (Singapore)
The design of PARKTOWN Residence draws inspiration from the shape of Tampines town, which resembles a leaf with a vein network that represents interconnected roads, rail lines, park connectors and cycling paths. Outdoor enthusiasts can also explore green spaces like Tampines Eco-green, which is home to various natural habitats such as freshwater wetlands and a secondary forest.
Within the development, residents will enjoy a comprehensive range of facilities spread across four thematic zones: The Aquatic Oasis, The Garden Oasis, The Adventure Oasis, and The Lifestyle Oasis. Each zone is designed to elevate daily living with features such as garden lounges, two 50-metre infinity lap pools, a hydrotherapy pool, an aqua gym, two gyms with private gym pods, co-working lounges, function rooms, tennis and multi-purpose courts, outdoor fitness stations and child-friendly spaces like kid’s water play and entertainment. Other amenities include a firefly trail, a forest jogging trail, yoga pavilion, and culinary pavilions perfect for family gatherings.
PARKTOWN Residence Green Boulevard
PARKTOWN Residence Wellness Pool
UOL General Manager (Residential Marketing) Anson Lim said: “The launch of PARKTOWN Residence is timely, aligning with Singapore’s strong economic rebound in late 2024, which saw growth of 4.0 per cent. Launching PARKTOWN Residence at the start of the year leverages this momentum as we anticipate continued recovery this year, supported by improved household incomes and economic stability. The last private residential launch in Tampines was about five years ago in March 2019. There will be a strong pent-up demand. With its exceptional location and product attributes, PARKTOWN Residence is expected to attract healthy interest from prospective homebuyers.”
The development’s prime location offers easy access to an array of nearby amenities. Families with children will benefit from proximity to established schools such as Angsana Primary School, Poi Ching School, Ngee Ann Secondary School, Temasek Polytechnic, Temasek Junior College and Singapore University of Technology and Design. Food and shopping options can be found at Tampines Mall, IKEA Tampines, COURTS Megastore and Tampines Round Market & Food Centre.
PARKTOWN Residence night view
In addition, Our Tampines Hub, Singapore’s first integrated community and lifestyle hub, is a short drive away. It comprises a regional library, a hawker centre, various sports facilities, and a Festive Arts Centre, among many other facilities.
PARKTOWN Residence is envisioned as a town in a park surrounded by lush greenery and cycling paths. It promises to offer a vibrant and dynamic lifestyle that caters to the needs of modern families and professionals.
PARKTOWN Residence is expected to achieve its Temporary Occupation Permit by mid-2030.
Public preview of PARKTOWN Residence to begin from Friday, 7 February 2025 (2pm), with sales booking on Saturday, 22 February 2025
From Friday, 7 February 2025, the PARKTOWN Residence sales gallery, located at 7 Tampines Grande, will open daily from 10am to 7pm. Viewings are by appointment only. For enquiries, please visit https://parktownresidence.com.sg or call the sales hotline at +65 9733 8007.
Please refer to the Annex for more details on PARKTOWN Residence.
PARKTOWN Residence sales gallery
If you detect any issues, problems, or errors in this press release content, kindly contact [email protected] to notify us (it is important to note that this email is the authorized channel for such matters, sending multiple emails to multiple addresses does not necessarily help expedite your request). We will respond and rectify the situation in the next 8 hours.
Questions around this news
What will PARKTOWN Residence include?
The release describes a 1,193-unit residential development in Tampines with retail and dining options, enrichment schools, a supermarket, hawker centre, community club and green boulevard. It is also planned to connect directly to a future MRT station and a bus interchange. Facilities within the development are arranged across four themed zones and include pools, gyms, lounges, courts and outdoor fitness areas.
When can buyers view and book homes at PARKTOWN Residence?
The public preview is scheduled to begin on 7 February 2025, with sales booking set for 22 February 2025. The sales gallery at 7 Tampines Grande is listed as open daily from 10am to 7pm, with visits by appointment. The release says the development is expected to receive its Temporary Occupation Permit by mid-2030.
What does 99-year leasehold mean for a home?
A 99-year leasehold home is held under a lease that grants the owner rights to the property for a fixed term, rather than permanent ownership of the land. The lease term generally runs from a specified commencement date. The release identifies PARKTOWN Residence as a 99-year leasehold development but does not provide further details about individual lease commencement dates.
What is an integrated development with a transport hub?
An integrated development brings together different uses, such as homes, shops and community facilities, within one connected site or complex. When it includes a transport hub, residents can access public transport links such as rail or buses as part of the development. PARKTOWN Residence is described as directly linked to a future MRT station and a bus interchange.
