[New Launch] Mega Integrated Development Pinery Residences Debuts in the East! Prices from $2,340 PSF

Pinery Residences in Tampines West Opens for Preview This Weekend, Prices from $2,340 psf

Pinery Residences, a new mixed-use development in Tampines West, is opening for preview this weekend, with prices starting from around $2,340 per square foot (psf).

Jointly developed by Hoi Hup Realty and Sunway MCL, Pinery Residences is a 99-year leasehold commercial and residential mixed-use project.

Project Overview: 588 Residential Units

The entire development comprises six 14-storey residential blocks, offering a total of 588 residential units.

In addition to the residential component, the project features approximately 121,600 sq ft of commercial space, which will house various future community amenities.

The developers were awarded the 253,068 sq ft site in September 2024 under the Government Land Sales (GLS) programme with a winning bid of $668.3 million.

This translates to a land rate of $1,004 per square foot per plot ratio (psf ppr).

Unit Pricing: 2-Bedrooms from $1.5M

In terms of pricing, 2-bedroom units measuring 624 sq ft start from around $1.5 million, or approximately $2,401 psf.

Two-bedroom units ranging from 635 to 667 sq ft start from about $1.48 million, working out to around $2,340 psf.

Two-bedroom plus study units measuring 700 sq ft are priced from $1.66 million, or roughly $2,371 psf.

3- and 4-Bedroom Family Units

For 3-bedroom configurations, the smallest units at 807 sq ft start from $1.93 million, or around $2,392 psf.

The largest 3-bedroom units (with study) at 1,055 sq ft are priced from around $2.5 million, translating to roughly $2,381 psf.

Four-bedroom units measuring 1,141 sq ft start from approximately $2.72 million, or about $2,386 psf.

Four-bedroom plus study units measuring 1,389 sq ft are priced from around $3.29 million, or approximately $2,369 psf.

5-Bedroom Units

The development's largest 5-bedroom units span 1,475 sq ft, with prices starting from approximately $3.5 million, or about $2,378 psf.

Overall, the project offers a diverse mix of layouts ranging from 2- to 5-bedroom units, tailored predominantly towards family-oriented homebuyers.

Commercial and Community Amenities

Located directly opposite Tampines West MRT station, Pinery Residences enjoys exceptional transport connectivity.

The commercial podium will host a supermarket, preschool, food court, various F&B outlets, a community plaza, and more, offering residents a comprehensive suite of daily lifestyle amenities.

Adjacent to Rivelle Tampines EC

Across the road from Pinery Residences sits Rivelle Tampines, an executive condominium (EC) that recently opened for preview. Developed by Sim Lian, Rivelle Tampines comprises 572 units.

The site was awarded in 2024 for $465 million, translating to $768 psf ppr.

Indicative prices for Rivelle Tampines start from $1.7 million (around $1,796 psf) for 3-bedroom plus study units, and from $2.6 million (around $1,857 psf) for 5-bedroom units.

Sustained Momentum in the Regional Market

The debut of both developments builds on the sustained market momentum seen in Tampines in recent years.

Parktown Residence, which launched in February last year, achieved standout sales results.

The 1,193-unit mega-development moved 87% of its homes (1,041 units) during its launch weekend.

The average transacted price during its launch weekend was approximately $2,360 psf.

Preview and Launch Timeline

The public preview for Pinery Residences runs from 14 March to 24 March.

Private bookings will commence on 27 March, followed by the official public booking launch on 28 March.

As the development officially moves into sales, market watchers will be keeping a close eye on underlying demand for new private home launches in the East.