[New Launch] ParkTown Residence: Tampines' First Integrated Development Launching Soon, Prices from $2,135 PSF

First Integrated Development in Tampines North to Launch, Setting a New Regional Landmark

CapitaLand Development, in partnership with UOL Group and Singapore Land Group (SingLand), has joined forces for the first time to develop ParkTown, a mega integrated development in Tampines North.

ParkTown is set to be Tampines' first fully integrated mixed-use development and a transformative new landmark for the precinct. According to UOL, this development is not only a vibrant new highlight for the Tampines Regional Centre, but also the largest among nine integrated developments, seamlessly connected to a transport hub featuring a bus interchange and an MRT station, significantly enhancing commuting convenience for residents.

Impressive Scale Delivering an All-in-One Lifestyle Experience

ParkTown Residence sits on an expansive 545,314 sq ft 99-year leasehold site, which the consortium successfully clinched via a Government Land Sales (GLS) tender in July 2023 for S$1.206 billion ($885 psf per plot ratio). Boasting a gross floor area (GFA) of over 1.36 million sq ft, the mega development is envisioned to encompass residential, commercial, transport facilities, and community spaces to deliver a comprehensive one-stop urban living experience.

As a pivotal cornerstone of the Tampines North master plan, ParkTown Residence will not only offer quality homes, but also catalyse the transformation of the surrounding area. For buyers seeking convenience and liveability within a mature estate, it represents an exciting new benchmark.

Tampines' First Integrated Development: Where Convenience Meets Green Living

Jointly developed by CapitaLand Development, UOL Group, and Singapore Land Group, ParkTown will stand as Tampines' first fully integrated development, harmonising residential, retail, transport, recreation, and community amenities under one roof, establishing itself as a standout landmark in the Tampines Regional Centre.

A One-Stop Lifestyle Hub Creating a Connected Community

ParkTown will feature a retail mall spanning 146,390 sq ft, expected to house up to 120 shops, ranging from cafes, restaurants, and essential services to enrichment centres and a supermarket, offering residents a diverse array of retail and dining choices. In addition, the ground level will feature: a community club to foster resident interaction and activities; a community plaza offering an open space for social gatherings and leisure; a hawker centre catering to everyday dining needs; and a brand-new bus interchange that will rank among Singapore's largest transport nodes.

Notably, Basement 2 of ParkTown will feature a direct underground link to the upcoming Tampines North MRT station on the Cross Island Line (CRL), providing seamless connectivity and peerless commuting convenience for residents.

CapitaLand Development highlighted that ParkTown is an integrated development that brings together convenience, connectivity, and liveability, enabling residents to enjoy a full suite of lifestyle amenities right at their doorstep.

Green Boulevard Weaves Through Nature for a Liveable Sanctuary

A defining feature of ParkTown is a 50-metre-wide Green Boulevard that runs through the development, complemented by sheltered walkways providing sheltered connections to the mall, hawker centre, and bus interchange. UOL noted that ParkTown is Tampines' first major residential launch this year, with its integrated development concept poised to be a standout highlight in the market.

The Green Boulevard at ParkTown will also seamlessly connect to the 13-hectare Tampines Boulevard Park, extending via park connectors to natural green spaces such as Tampines Eco Green, Sungei Api Api, and Sungei Tampines. The latter was successfully revitalised in 2015 under PUB's Active, Beautiful, Clean Waters (ABC Waters) programme into an ecologically rich, scenic, and clean waterway.

Furthermore, residents of ParkTown will benefit from an expanding cycling network connecting directly to Pasir Ris, East Coast Park, and the Round Island Route, offering cycling enthusiasts a green and active commuting option.

CapitaLand's Proven Track Record in Integrated Developments

In the development of ParkTown, CapitaLand Development serves not only as a joint developer but will also manage the retail mall. The group has established an exceptional track record with landmark integrated developments such as Bedok Mall & Bedok Residences, as well as Sengkang Grand Mall & Sengkang Grand Residences, showcasing its extensive expertise in mixed-use developments.

Anchoring the Heart of Tampines North: A Future-Forward Living Experience

As Tampines' first integrated development, ParkTown Residence is set to elevate the neighbourhood's overall quality of life while offering homebuyers a premier residential choice that unites daily convenience, lush greenery, and effortless connectivity. As the Tampines North master plan unfolds, ParkTown Residence is well-positioned to become one of the precinct's most coveted residential addresses.

A Low-Density, Expansive Green Sanctuary Balancing Privacy and Comfort

As an integral component of this major integrated development in Tampines, ParkTown Residence features a thoughtful low-density design and generous spatial planning, delivering an idyllic living environment that balances privacy with expansive, unobstructed views.

Elevated Residential Towers Ensuring Privacy and Exclusivity

The residential towers of ParkTown Residence are perched on an elevated podium on the second storey, sitting 8 to 10 metres above ground level. This effectively separates the homes from the commercial podium and public areas below, ensuring exclusivity and peace of mind. Comprising 12 residential blocks ranging from 6 to 12 storeys, the low-density architectural layout minimises visual obstruction between blocks. With a total of 1,193 well-appointed units, the development offers residents a spacious and comfortable living environment.

Dual East and West Enclaves with Shared Facilities

The residential enclave is bisected by the central Green Boulevard into two distinct zones: Park East and Park West. Each zone boasts its own comprehensive suite of dedicated amenities, including clubhouses, swimming pools, and fitness facilities. Two link bridges connect the two precincts, allowing residents seamless access to amenities on both sides and elevating overall lifestyle convenience.

A Rich Array of Facilities Integrated with Nature

Internationally acclaimed landscape architecture firm Henning Larsen has masterminded the site's overall landscape design. Inspired by natural elements such as riverbanks, shaded forest canopies, and lush stepped terraces, the design weaves lush green sanctuaries throughout the development, harmonising modern architectural lines with natural surroundings to create an urban oasis.

Within this verdant sanctuary, residents can indulge in an extensive suite of lifestyle facilities, including: 6 swimming pools (featuring a 50-metre lap pool); 8 landscaped gardens; 6 dining pavilions and 6 function rooms; 6 fitness facilities and karaoke rooms; an outdoor amphitheatre, tennis court, and a multi-purpose court suitable for squash or badminton.

Generous Building Separation for Unrivalled Views and Privacy

Designed with generous building setbacks, distances between residential blocks extend up to 119 metres, significantly minimising visual intrusion while maximising unblocked vistas and an open, airy ambience.

Most units enjoy pleasant views of the swimming pools or landscaped gardens. The developers emphasised that this spatial planning not only optimises scenic views, but also preserves privacy and exclusivity within a mega-development, allowing residents to relish peaceful retreat amidst vibrant city living.

With its low-density ethos and lush green environment, ParkTown Residence sets a benchmark for comfortable, refined living, making it an eagerly anticipated residential development in Tampines.

Preview Commencing 7 February, Official Launch on 22 February with Prices Starting from $2,135 psf

ParkTown Residence is slated to commence its preview on 7 February at 2 pm, with the official launch taking place on 22 February. As the first integrated development in Tampines, ParkTown Residence is poised to draw strong interest, particularly from buyers looking to secure a home in a mature estate.

A Diverse Mix of Unit Configurations Catering to Varied Needs

The project offers 1,193 residential units, with two- and three-bedroom layouts accounting for 83% of the total mix, catering well to both owner-occupiers and investors. The unit types and floor areas include: 1-Bedroom + Study (from 463 sq ft); 2-Bedroom (592 to 764 sq ft) — 589 units (49%); 3-Bedroom (926 to 1,163 sq ft) — 408 units (34%); 4-Bedroom (from 1,335 sq ft); and 5-Bedroom (Premium) (1,679 sq ft).

Strong Market Anticipation Driven by Integrated Development Appeal

ParkTown Residence is expected to see enthusiastic market uptake. Demand for integrated developments has remained resilient and robust in recent years, and ParkTown Residence stands out with its versatile unit layouts and comprehensive self-contained amenities, lending it a formidable competitive edge.

With the preview launch set for 7 February, interested buyers are encouraged to register their interest early and book a showflat appointment for more details.

"The New Tampines" — The Master Plan for Tampines North

Tampines North was one of three new housing areas unveiled by the Housing & Development Board (HDB) at the "Future Homes, Better Lives" exhibition in September 2013. HDB's vision capitalises on the precinct's abundant existing greenery and its proximity to Tampines Regional Centre to forge an exceptionally liveable and vibrant residential community.

Tampines Regional Centre: The Commercial Hub of the East

Designated by the Urban Redevelopment Authority (URA) in 1992 as Singapore's very first regional centre, Tampines Regional Centre has grown into the primary commercial and lifestyle powerhouse of the East, driving employment and economic vibrancy. The precinct is currently home to numerous commercial and office developments, including: OCBC Tampines Centre One; Abacus Plaza; and the CPF Tampines Building.

Additionally, the trio of shopping malls clustered around Tampines MRT station — Tampines Mall, Tampines 1, and Century Square — provides comprehensive retail and entertainment options, further enhancing the area's appeal.

Well-Established Transport Infrastructure Undergoing Further Upgrades

Tampines stands as one of Singapore's most successful regional centres, supported by mature commercial, retail, and transport connectivity. Currently, Tampines is served by an established transit network, including: three operational MRT stations (Tampines, Tampines East, and Tampines West); an extensive feeder bus network; and the upcoming Tampines North MRT station on the Cross Island Line.

Future Enhancement Plans

At an exhibition on the future of Singapore's economic gateways in October 2023, URA announced rejuvenation plans for Tampines Regional Centre. These include creating new mixed-use integrated developments around the existing Tampines bus interchange and MRT station, blending residential, retail, and transit hubs. These ongoing enhancements will bolster the liveability of Tampines and provide robust tailwinds for ParkTown Residence's capital appreciation.

As the development of Tampines North comes to fruition, ParkTown Residence is set to become a defining landmark, offering homebuyers a compelling blend of everyday convenience and long-term capital growth potential.

ParkTown Residence: An Integrated Development with Strong Capital Upside

Property market experts note that ParkTown Residence will not only benefit from the ongoing transformation of Tampines North, but also holds robust long-term capital appreciation potential. Based on the robust resale performance of Treasure at Tampines and the proven track record of recent integrated developments linked to transport hubs, mega mixed-use projects tend to command sustainable price growth due to strong transactional liquidity and superior investment appeal.

Multiple Economic Growth Engines Underpinning Long-Term Capital Appreciation

The capital upside of ParkTown Residence is underpinned not only by its self-contained amenities, but also by its proximity to several expanding commercial and economic nodes.

Eastern Gateway: Expansion of Changi Aviation Park; continued development of Changi Airport; ongoing growth of Changi Business Park; and the future Changi East Urban District.

The development of these key economic nodes will catalyse substantial employment opportunities and drive sustained housing demand, anchoring ParkTown Residence as a residential project primed for long-term growth.

Proximity to Punggol Digital District (PDD): Welcoming its first phase of businesses this year, PDD is slated to attract premier tech enterprises and high-skilled talent, injecting robust high-yield rental demand into the residential markets of the East and North-East.

Reputable Educational Institutions Appealing to Family Buyers

ParkTown Residence is encircled by an impressive array of educational institutions, making it a major draw for family buyers. Nearby tertiary institutions include: Singapore University of Technology and Design (SUTD); Temasek Polytechnic; Tampines Meridian Junior College; and ITE College East.

Additionally, the vicinity hosts numerous primary and secondary schools, alongside international institutions such as United World College of South East Asia (UWCSEA East Campus), offering diverse and quality educational pathways for families.

Comprehensive Commercial, Leisure, and Lifestyle Amenities

ParkTown Residence is enveloped by established lifestyle amenities, including: major retail destinations such as IKEA Tampines; Courts Megastore; Giant Hypermarket; and T-Space @ Tampines (a prominent home and furniture hub).

Leisure and recreational offerings include: Jewel Changi Airport, offering world-class shopping and dining experiences; Pasir Ris Park; Changi Village; and Bedok Reservoir Park.

These comprehensive conveniences not only elevate daily liveability, but also reinforce ParkTown Residence's strong rental appeal and long-term investment value.

Broad-Based Housing Demand Attracting Buyers from the East and North-East

ParkTown Residence is set to draw first-time homebuyers, investors, and HDB upgraders, particularly from: mature eastern estates such as Tampines, Pasir Ris, and Bedok; and north-eastern towns including Punggol and Sengkang.

As a mega integrated development boasting direct MRT access, an integrated bus interchange, and a full suite of lifestyle amenities, buyer demand will extend far beyond Tampines, Pasir Ris, or Bedok, drawing a diverse catchment from across the island.

In summary, ParkTown Residence's strategic location, self-contained amenities, economic drivers, rich educational network, and forward-looking growth potential position it as an exceptionally compelling integrated development primed for sustained capital appreciation.