Tampines Condo Launch – Parktown Residence

PARKTOWN Residence – Highly Anticipated New Tampines Condo

This new development by UOL Group, Capitaland and SingLand is located at Tampines Street 62 and is expected to launch with 1,193 units.

Parktown Residence – Lifestyle Hub

Distinctive Destination

  • Retail Mall with shops, F&Bs, commercial uses and outdoor recreation areas (ORAs)

Multi-Modal Transport Hub

  • MRT (Tampines North MRT Station) & Bus Interchange

Community Landmark

  • Co-location of Community Club, Hawker Centre, Public Plaza and Green Boulevard for community events

Attractive Public Spaces

  • Part of the main spine (Tampines Boulevard Park) of Tampines North, 15m wide pedestrian thoroughfare, located in the middle of the site

Live & Play Amidst Greenery

  • Open to sky and lushly, continuing the experience of walking in the park from the Tampines Boulevard Park

Development Highlights

Development Highlights

Rare Opportunity to Own a Unit in an Integrated Development

Strong Track Record of Integrated Developments

Ultimate Convenience of Retail Mall Managed by CapitaLand Just Downstairs

Direct Connection MRT and Bus Interchange

First Mover and Key Development in the Transformation of Tampines North

Branded Consultants Bringing You Distinctive and Beautiful Homes

Quality Assurance and Jointly Developed by Premier Develop

Who it Targets?

While this is not the first condo in tampines, it is the first mix development condo. It is expected that there will be new EC launched in the same area but from our understanding, EC does not offer 1 bedroom units which makes Parktown Attractive.

In short, we think Parktown Residence is suitable for:

  1. High Income Couples – If your income exceeds the $16,000.00 range, you are no longer eligible for EC
  2. East Side Upgraders – Since this is no longer your first property, you are no longer entitled to the $30,000.00 government subsidy for first time buyers of EC. On top of that, you may still be required to pay a resale levy if you consider an EC
  3. Entry Level Grade Investment Property – With this mix development in OCR, you can expect the prices to be more friendly. To top it off, this mix development makes it an attractive option with MRT , Bus interchange and retail mall just below the unit

Want more information, check out: https://parktownsg.com/