Parktown Residence is a mixed-use development located in Tampines North. The development offers a range of units with a price range that is indicative and subject to change without prior notice. The estimated breakeven cost for the condominium is about $1,500 to $1,700 psf, and the launch price for Parktown Residence may range from about $1,900 onwards.

The joint venture between UOL Group, Singapore Land (SingLand), and CapitaLand Development won the Tampines Ave 11 Condo Tender with a bid of $1.206 billion, equating to $885 per square foot per plot ratio (psf ppr). This suggests that the potential selling price for residential units in the future development could begin at $1,900 psf.

The development is expected to provide approximately 1,190 new homes, with retail and community amenities within the mixed-use development designed to meet the lifestyle needs of Tampines North’s expanding residential populace. The allure of mixed-use developments with large retail elements suggests that homebuyers today could be willing to pay above S$2,100 psf.

Overall, Parktown Residence is expected to meet the escalating demand for private homes in the Outside Central Region, providing a fresh influx of mass-market homes. The planned connection to the upcoming Tampines North MRT station on the Cross Island Line is expected to appeal to many owner-occupiers and HDB upgraders.

The indicative price range of Parktown Residence is $1,900 to $2,100 psf, with the potential selling price for residential units in the future development beginning at $1,900 psf.