Tampines North’s New Integrated Development Sees Strong Demand Ahead of Official Launch

Singapore’s first major property launch of 2025, ParkTown Residence, attracted more than 10,000 visitors during its public preview from February 7 at 2:00 pm to February 9 at 5:00 pm. The 1,193-unit integrated development, a joint venture between UOL Group and CapitaLand Development (CLD), is Tampines’ first mixed-use development featuring a transport hub, marking a significant milestone in the evolution of the regional centre.

A Landmark Development in Tampines North

Situated at Tampines Street 62, ParkTown Residence represents the first collaboration between UOL and CLD. When completed in 2029, the development will include a fully air-conditioned bus interchange, a direct link to the upcoming Tampines North MRT Station on the Cross Island Line, a 146,390 sq ft retail mall with about 200 shops, a supermarket, a hawker centre, a community hub, and a community plaza. The project is also designed with a 15m-wide Green Boulevard running through its site, providing seamless connections to the upcoming 13-hectare Tampines Boulevard Park, Tampines Eco Green, and park connectors along Sungei Api Api and Sungei Tampines.

“This self-sustaining community landmark brings together convenience, connectivity, and liveability under one roof,” says CapitaLand Development (Singapore) CEO Tan Yew Chin.

Strong Demand and Market Appeal

Industry experts attribute the overwhelming response to the strategic location, extensive amenities, and long-term investment potential of ParkTown Residence. “The strong turnout during the preview is not surprising, as this is an attractively priced integrated development with commercial offerings and excellent transport connectivity,” comments Ismail Gafoor, CEO of PropNex. He notes that Tampines has not seen a new mega launch since the 2,203-unit Treasure at Tampines hit the market in March 2019.

“Tampines is a popular town, and we believe ParkTown Residence will appeal to a diverse group of buyers, including first-time homeowners, HDB upgraders, and investors,” Gafoor adds. “Some HDB flat owners in Tampines and nearby estates such as Pasir Ris may also be interested in this project.”

Marcus Chu, CEO of ERA Singapore, confirms that most visitors to the preview were Singaporean citizens and permanent residents, reflecting strong local demand for private housing in a well-connected mature estate.

Pricing and Unit Mix

ParkTown Residence offers a variety of unit types, with two- and three-bedroom apartments making up approximately 83% of the development. The pricing is as follows:

• One-bedroom plus study (from 463 sq ft): Starting at $1.07 million ($2,311 psf)
• Two-bedroom (from 592 sq ft): Starting at $1.33 million ($2,247 psf)
• Three-bedroom (from 926 sq ft): Starting at $2.07 million ($2,235 psf)
• Four-bedroom (from 1,335 sq ft): Starting at $2.85 million ($2,135 psf)
• Five-bedroom premium (1,679 sq ft): Starting at $3.78 million ($2,251 psf)

“With its strategic location, excellent connectivity, and spacious, upscale homes, ParkTown Residence is poised to meet the evolving needs of modern homeowners,” says a UOL-CLD spokesperson. “Given the strong interest we’ve seen, we anticipate that buyers – whether young professionals, families, or investors – will recognise the long-term value of securing a home in one of Singapore’s most sought-after townships.”

Singapore’s First Fully Integrated Development in Tampines

The $1.206 billion site, spanning 545,314 sq ft with a gross floor area of over 1.36 million sq ft, was acquired by UOL and CLD through a government land tender in July 2023. The project will be the largest of the nine mixed-use developments in Singapore that integrate a transport hub, featuring both a bus interchange and an MRT station.

Anson Lim, UOL’s general manager for residential marketing, highlights the significance of the project, stating, “It is the first fully integrated development in Tampines and will become a new landmark in the regional centre.”

As a key feature, the first level of the mega-development will house a community club, a community plaza, and a hawker centre. A new bus interchange—one of the largest in Singapore—will also be located on the first level, while an underground link at basement level 2 will connect the development directly to the upcoming Tampines North MRT Station.

ParkTown Residence is expected to set a benchmark in the market, with CapitaLand Development leveraging its experience in joint development and mall management, having previously worked on integrated projects such as Bedok Mall and Bedok Residences, as well as Sengkang Grand Mall and Sengkang Grand Residences.

Green Boulevard and Connectivity

Positioned as “an integrated development that enfolds a green boulevard,” ParkTown Residence will have a dedicated 15m-wide pedestrian-friendly Green Boulevard that links the residential towers to the retail mall, hawker centre, and transport hub.

This boulevard will connect directly to Tampines Boulevard Park, a lush green lung in Tampines North, and will be seamlessly linked to Tampines Eco Green, a 36.5-hectare ecological park. Additionally, it will connect to park connectors leading to Sungei Api Api and Sungei Tampines—both of which were transformed into vibrant, clean waterways in 2015 under PUB’s ABC Waters Programme.

Residents will also have access to an expanding cycling network, linking Tampines North to Pasir Ris, East Coast Park, and the Round Island Route.

Official Launch on February 21

With the strong response during the public preview, ParkTown Residence is set to launch officially on February 21. UOL Group CEO Liam Wee Sin believes the project will stand out as “the first mega property launch of the year in Tampines, one of the most popular mature residential estates in Singapore.”

Market analysts expect keen buyer interest to translate into strong sales at launch, further cementing Tampines North’s position as a desirable residential and commercial hub.