Factsheet
| Project Name | Park Town Residences (New Development at Tampines Avenue 11) |
| Developer | Topaz Residential Pte. Ltd., a joint venture between three stronghold developers, UOL, Singapore Land and CapitaLand |
| Estimated Units | 1193 units 1bed to 5bed |
| Estimated Commercial Space (M2) | 14,000 |
| Land Use | Commercial and Residential |
| Estimated Site Area (HA) | 5.07 |
| Gross Plot Ratio | 3.0 |
| Estimated TOP Date | TBA |
| Tenure | 99-year |
| Description | Residential &commercial developments integrated with Tampines North Mrt Station & Tampines North Bus Interchange. |
The Tampines Avenue 11 site received a total of three bids. A consortium between UOL Group, Singapore Land (SingLand)and CapitaLand Development submitted a top bid of $1.206 billion, which works out to $885 psf per plot ratio (psf ppr). The bid was 13.9% higher than the second-highest bid, which came from Pine II Commercial and Pine II Residential (units of Allgreen Properties), which submitted a bid of $1.06 billion or $777 psf ppr.
Wong Siew Ying, head of research and content at PropNex Realty, believes the future development will inject much-needed new supply of mass market homes to help satiate the pent-up demand for private homes in the Outside Central Region. “The integrated development should appeal to many owner-occupiers and HDB upgraders,” she remarks. It will also be linked to the future Tampines North MRT station on the Cross Island Line (CRL).
Leonard Tay, head of research at Knight Frank Singapore, believes that based on the joint venture’s bid of $885 psf ppr, the possible selling price for residential units at the future development could start from $1,900 psf. Given the appeal of mixed-use developments with sizeable retail components, he adds “there is every chance that homebuyers today would be prepared to pay above S$2,100 psf.” At The Reserve Residences, the integrated development by Far East Organization at Jalan Anak Bukit, some 80% of the 732 residential units have been taken up since its launch in May.
The site at Tampines Avenue 11 is close to another EC site at Tampines Street 62 which is currently up for tender. The site can yield about 700 homes and is located next to the upcoming 618-unit EC Tenet. The tender for the Tampines Street 62 plot will close on July 18
Units Mix
| Unit Type | Size | No of Units |
| 1-bedroom | TBA | TBA |
| 2-bedroom | TBA | TBA |
| 3-bedroom | TBA | TBA |
| 4-bedroom | TBA | TBA |
| 5-bedroom | TBA | TBA |
Units Mix
Information on Unit Mix will be released soon. Please register your interest to receive the latest updates.
