Tampines is set to be transformed with the launch of Parktown Residence, a groundbreaking development by CapitaLand Development (CLD). More than just a residential project, Parktown Residence introduces an entirely new way of living, combining luxury homes, lifestyle amenities, and green spaces in a single vibrant community.

The highly anticipated public preview opens today, offering prospective homeowners an exclusive first look at the thoughtfully designed show units. Sales will officially start on February 22, 2025, with demand already building among both homeowners and investors.

Reimagining Tampines as a Modern Lifestyle Hub

Parktown Residence site plan stands as the centrepiece of a new urban vision for Tampines. Known as one of Singapore’s most established residential towns, Tampines has evolved into a thriving hub for work, leisure, and community living. Parktown Residence takes this transformation to the next level by offering an integrated living experience that reflects the lifestyle aspirations of modern urban dwellers.

Spanning over a vast site, the development includes 1,500 premium residential units, a multi-level retail hub, and a host of community spaces—all seamlessly connected. Whether you’re a professional seeking the perfect work-life balance, a young family looking for a nurturing environment, or a retiree wanting convenience and comfort, Parktown Residence has something for everyone.

“Parktown Residence showflat is a game-changer for Tampines,” said Mr. John Tan, Chief Executive Officer of CapitaLand Development. “We wanted to create a place where people can live meaningfully and connect with their surroundings, offering not just convenience but also a true sense of community.”

A Home Designed for Every Lifestyle

Each unit at Parktown Residence is thoughtfully crafted to meet the needs of contemporary living. Buyers can choose from a range of layouts, including one-bedroom apartments ideal for singles and couples, to expansive four-bedroom units perfect for growing families.

The interiors feature:

• Open-concept layouts with plenty of natural light
• High-quality finishes and smart home systems for convenience and security
• Balconies with lush greenery views

In addition to private living spaces, residents will have access to exclusive amenities:

• A Sky Garden and Infinity Pool, offering sweeping views of the Tampines skyline
• Wellness and Fitness Facilities, including a state-of-the-art gym
• Family-Oriented Play Areas and Gardens, perfect for outdoor activities
• Coworking Spaces and Meeting Rooms for remote professionals

Unmatched Retail and Dining Experiences

One of the most exciting features of Parktown Residence is its integrated retail hub, which spans over 200,000 square feet. Residents and visitors can look forward to a curated mix of retail outlets, dining options, and entertainment venues.

From artisanal coffee shops and gourmet dining experiences to boutique stores and essential services, the retail component ensures that everything is just a stone’s throw away. Weekend markets, community events, and pop-up stores will also be hosted regularly, bringing a lively energy to the space.

“It’s not just about having convenience—it’s about creating a dynamic, engaging environment where residents can socialize, relax, and recharge,” added Mr. Tan.

A Commitment to Community and Sustainability

Beyond luxury and convenience, Parktown Residence is built on the principles of sustainability and community-building. Green spaces are integrated throughout the development, with lush gardens, rooftop greenery, and walking paths promoting healthy living.

The project is designed to achieve Green Mark Platinum certification, incorporating eco-friendly materials, energy-efficient lighting systems, and rainwater harvesting technology. A community plaza at the heart of the development will serve as a gathering point for residents, encouraging interaction and fostering a true neighborhood spirit.

Tampines: A District on the Rise

Tampines has long been recognized as one of Singapore’s most well-connected districts. With access to major expressways and multiple MRT lines, including the upcoming Cross Island Line, residents of Parktown Residence will enjoy unparalleled connectivity. The development is also close to schools, business parks, and recreational facilities, making it an ideal location for families and professionals alike.

Property analysts predict that Parktown Residence will be a key driver of Tampines’ continued growth, offering significant capital appreciation potential for investors. Its unique blend of residential, retail, and lifestyle elements ensures that it stands out in the market.

Preview and Sales Launch Details

The Parktown Residence public preview begins today. Visitors can experience the show units and learn more about the development’s unique features and amenities. Sales will officially start on February 22, 2025, with early-bird discounts available for a limited time.

Given the strong demand for integrated developments, prospective buyers are encouraged to register early to secure their preferred units.

Why Parktown Residence is a Must-See

1. Integrated Living at Its Best: Combining luxury residences, retail spaces, and green areas in one community.
2. Exceptional Location: Located in Tampines, with excellent connectivity to MRT lines and expressways.
3. Smart and Modern Homes: Equipped with the latest smart technology and quality finishes.
4. A Thriving Community Hub: Retail, dining, and wellness facilities at your doorstep.
5. Sustainability at Its Core: Designed with green living principles for a healthier lifestyle.

One-North Eden, the first residential launch within the one-north center, has sold 140 units or practically 85% of its 165 units throughout its online launch weekend on 24 as well as 25 April.

The Take-up rate throughout all device types was solid, with the market price working out to around $1,800 to $2,250 per sq ft (psf), revealed programmer TID, which is a joint endeavor between Hong Leong Holdings and also Japan’s Mitsui Fudosan.

One-bedroom plus study as well as two-bedroom systems emerged as the most prominent amongst buyers as well as were right away sold out at 10 am during the initial day of launch.

Device dimensions vary between 517 sq ft for a one-bedroom with research and 1,410 sq ft for the largest four-bedroom costs system similar to the Affinity at Serangoon, that’s why Affinity at Serangoon Floor Plan is also much similar to One North Eden.

Singaporeans represented 80% of buyers, while the continuing to be 20% make up immigrants and irreversible locals.

” The great feedback is an indicator of the suppressed need in one-north due to restricted personal property alternatives in this high-growth area,” stated Yoichi Kaga, Taking Care Of Supervisor of TID.

” Numerous buyers are drawn to One-North Eden’s strategic place and appreciate the comfort of living near their workplace, while several households are drawn into the prime regional and international schools located within 1km of the job.”

He additionally kept in mind that overall responses revealed that customers were excited with the size and capability of the devices because the majority of them featured additional areas for a research study space.

“The study rooms are thought about an inviting and also relevant enhancement in today’s crossbreed job design,” added Kaga.

Also Read: 6 Reasons why we’re seeing uptick in HDB resale transactions lately

Devices are outfitted with a number of wise home innovations includes including a facial recognition system at the entrance hall of the cellar and also on the first and 2nd stories.

Situated between Slim Barracks Rise and also One-North Portal, One-North Eden is near Buona Vista and one-north MRT terminals, while the Central Downtown is a 15-minute drive away via the Ayer Rajah Expressway.

It is likewise near numerous amenities such as Rochester Mall, The Star View as well as the upcoming One Holland Town.

Nearby institutions consist of Fairfield Methodist Main and High School, National College of Singapore, Anglo-Chinese College (Independent), Anglo-Chinese Junior University, ESSEC Organization School, INSEAD as well as United World University of South East-Asia (Dover Campus).

The One-North Eden sales gallery, located throughout Nucleos Building, 21 Biopolis Roadway, is open from 9 am to 9 pm.

The pandemic might have triggered the most awful economic downturn since Singapore’s self-reliance, however, that’s not quitting Singapore locals from offering as well as acquiring a residential property. Particularly, we’re seeing greater quantities of HDB resale transactions since the end of the circuit breaker.

The uptick has actually additionally resulted in price rises for HDB resale apartments, with rates on the uptrend for the eighth successive month considering that July 2020.

In addition to the boosting need, HDB resale apartments have actually been in the limelight recently for the million-dollar purchases. Regardless of the financial downturn, a record high of 82 devices damaged the million-dollar barrier in 2015.

Yet why the high number of resale apartments being sold lately? Allow’s to take a look at the feasible reasons.

Building hold-ups for BTOs as a result of COVID-19

BTO flats typically take around 2 to 3 years to complete. Nevertheless, the pandemic has caused workforce as well as supply scarcities, resulting in hold-ups in building and construction. Work was additionally halted during the circuit breaker.

Rather than the usual two to three years, BTO tasks are now expected to be completed in four to 5 years.

For some, a waiting time of 5 years might be also long, so they turn to resale flats rather.

Oversubscription of BTOs

The important thing about the BTO procedure is that it involves balloting, so it doesn’t assure that you’ll get a flat.

Competition is even harder for those balloting in preferred estates. Lots of people have actually likewise been not successful in obtaining a BTO.

Rather than risking obtaining their flat application turned down (once again), they turn to the resale market.

Extra apartments getting in the resale market after MOP

As the government builds extra public housing over the last few years, there’s been a bumper crop of more recent flats hitting the five-year Minimum Line of work Duration (MOP).

An approximated 27,000 units have actually struck the SPONGE in 2019, and 26,000 in 2020. This is 3 times the yearly standard of 9,000 flats from 2008 to 2018.

And with more individuals cashing out to update to personal property, an enhancing variety of more recent apartments have been marketed in the resale market. In fact, for the initial 10 months of 2020, about 22% of resale flats were 6 years or more youthful, which is considered high.

In contrast, out of the HDB resale purchases made in 2015, just 3.9% were more recent apartments.

These newer systems were likewise extra eye-catching because of their longer remaining lease and also better condition, enabling customers to cut down on renovation prices.

More people seeking larger room

The pandemic has actually additionally pressed buyers to prioritize bigger spaces when getting a home. With even more individuals functioning from the house as well as students doing home-based understanding, they might need an added space or 2.

For those that had actually been coping with their moms and dads (or in-laws), they might have selected to vacate rather.

As well as because older flats generally have larger flooring locations than the newer units, even more people have been looking out for these resale apartments. It could additionally be why people have actually been extra ready to fork out as high as $1 million for public housing with larger-than-usual flooring areas.

For example, four maisonettes larger than 140 square meters cost at the very least a million dollars last February alone.

Reduced interest rates

The reduced rate of interest may have misbehaved information for savings account owners, yet it also equates to a lower expense of borrowing.

This also means that even more people can pay to take out a mortgage to fund a new home, as they delight in lower regular monthly installments.

Modifications in housing plans favoring resale flats

Formerly, people tended to prevent acquiring old resale devices because of restrictions in operation HDB real estate car loans as well as CPF to fund them. But adjustments over the past two years have actually made public real estate a lot more cost-effective, specifically for older apartments.

For example, you can now utilize your CPF to finance your level as long as the residential property contends at least twenty years left. The 60-year restriction on HDB finance is gone as well, so you can delight in the complete 90% funding from the lending as long as the lease can last till the youngest buyer turns 95.

There’s additionally the higher grant quantity for resale flat customers. Novice customers can also get up to $160,000 worth of grants, making resale apartments all the more attractive. Parc Central is also providing lots of benefits to the customers, so must know about the Parc Central Residences Floor Plan and view Parc Central Residences Showflat now.

Suggested Read: 3 Best Romantic Locations to Set Up Your Restaurant or Cafe

Got prepared to set up your very own dining establishment or cafe in Singapore? The F&B scene in Singapore is ruthless, and in order to make it through, you’ll need to dish out superb food AND supply on the atmosphere as well.

Currently, when it concerns atmosphere and ambiance, the place is SECRET. If you select to start a business in a small, hole-in-the-wall unit in a mall that’s frequented by households, for instance, you’re certainly shooting yourself in the foot.

Fortunate for you, we’ve done the grunt work, and also put together a list of many charming locations in Singapore. Rent an F&B area is among these locations, and your restaurant or coffee shop will obtain THAT a lot more brownie factors from discerning restaurants that approve atmosphere!

# 1: Keppel Bay

Area: D04

Included device: F&B system at Marina at Keppel Bay

Average PSF lease price: $10.

Lease cost: $11,500/ month.

Marina at Keppel Bay could be a tad inaccessible, however, nobody can refute the truth that it’s one of the most enchanting places in Singapore. Once you make your method right here, you get to appreciate the firm of your liked one far from the hustle and bustle of the city, and also in the middle of spectacular views of the sea. If you want to set up shop below, look into this F&B unit that’s opting for just $11,500 monthly.

# 2: Watercraft Quay.

District: D01.
Featured unit: First stage restaurant at Boat Quay.
Ordinary PSF lease cost: $11.22.
Rental fee price: $18,000/ month.

Photo this: you’re delighting in a glass of wine with your date by the Singapore River, as well as appreciating the cool breeze that wanders in ever so often. Pretty romantic, best?

If you’re keen on situating your coffee shop along Boat Quay, below’s a ground floor dining establishment area that you can rent. This unit faces the River Promenade, and also you can expect heavy foot traffic in the evenings as well as evenings. Ensure you have red wine, champagne, and oysters on your menu!

# 3: Sengkang Grand

Area: D01.
Included system: 3-storey shophouse at Telok Ayer.
Average PSF rent rate: $5.70.
Lease rate: $18,800/ month.

Sengkang Grand isn’t just where plenty of office buildings lie– it’s likewise where you can get great views of the Singapore skyline, as long as you’re high sufficient. That’s what makes this area perfect for establishing a roof bar and cafe.

Check it out: this 3-storey shophouse in Sengkang grand residences showflat opts for simply $18,800 per month, as well as offers you plenty of space to experiment with. Off the top of our heads, we’re believing: a common dining area on the first level, a special room for private occasions on the second flooring, and an enchanting bar on the rooftop, total with fairy lights.

If you wish to establish a restaurant or a cafe someplace romantic, you can’t fail with Clarke Quay. This is where people most likely to enjoy, and also you’ll locate good vibes around. Of course, you’ll intend to eschew units in the mall (Clarke Quay Central) and choose to find your restaurant nearer the water rather.

Take this F&B device at Waterfront Point, as an example. The device lies on degree one, as well as it includes an indoor location as well as an exterior space for patrons who wish to have their meals al fresco. You have lots of areas (over 4,000 square feet) to play with, so proceed and change this device into your desire coffee shop or restaurant!

Also Read: 2,000 BTO Housing Board flats in Singapore’s newest estate Bidadari completed

Visualize yourself at a hawker center. Assume that 80 percent of the stalls are selling the very same kind of meal– claim, chicken rice even if it is with one voice a neighborhood favorite. Currently, how would certainly you decide which one to buy from? Perhaps the one with the lengthiest queue or the one with the tastiest screen of chicken meat? Currently, apply this belief to house marketing. Just how well got a property depends on a myriad of aspects, and also consequently, influences its resale value. While prices do play a part, vendors likewise require to appreciate the less evident elements that affect the general resale worth of their residential property.

1. Excessive remodeling

This is by far the most significant, and contentious, factor influencing a home’s resale worth. Improvements can enhance a resale’s possibility, but only marginally and is frequently subjective. A house ought to reflect the character of its owners, as well as it is calming to be able to have innovative liberty over embellishing one’s building. Unfortunately, this additionally opens the doors for some proprietors to overdo as well as paint the walls in garish colors or line them with tacky wallpaper.

Various customers have various tastes, however, it is a universal fact that visual eyesores typically do not bring in a captive customers’ audience. Looks aside, this is mere since the potential occupant may have to hand over added cash to eliminate stated decorations.

Additionally, lots of customers lack imagination, preferring to base their asking rate on historic deals of comparable homes in the area, specifically so in a tough market. This suggests it is likely they will neglect the modern-day Scandinavian layout principle you have so diligently prepared for. That stated, overbuilding and also installing unnecessary fixtures additionally seldom adds worth and also can even adversely impact your residence’s charm. Objective To raise the customer swimming pool and also your residential or commercial property’s resale worth by lowering the personal touches you have actually added in the process, and also attempt to keep the decor as traditional and also flexible as possible prior to listing the building outdoors market.

2) Age as well as the condition

While it is understandable that the age of a property will affect the resale worth, that does not mean the interior of residential or commercial property should show just how old it really is. The impression does count in residential or commercial property selling and also visible mildew, rust, and oil spots can be potential deal-breakers. A property that appears not well taken care of will certainly minimize purchasers’ confidence in said property and also send them running on the contrary instructions.

If you are wanting to offer a residential or commercial property between 15– three decades of age, it is certainly prudent to do a small makeover (if required) and ensure your residential or commercial property looks nice. Deal with any type of piping/ceiling water leak, do a thorough round of cleaning as well as include a fresh layer of paint prior to opening your residential or commercial property to prospective purchasers.

3) Size of the home

Dimension absolutely does matter when it concerns house hunting. A shoe-box home differs substantially from an executive flat in regards to overall flooring location, which consequently influences the resale worth of a property.

As an example, condos like Parc Clematis in the Outdoors Main Area (Optical Character Recognition) tend to draw in mass-market customers (usually upgraders) from a cost perspective. Demographic-wise, they will typically be searching for condominiums that can accommodate their family size, for this reason, an overall variety of bedrooms becomes a crucial standard.

Taking this into consideration, vendors could want to assess what effect removing or adding a room will certainly do to require for their residential or commercial property. Definitely, a family of four would certainly need a unit with at the very least 3 bedrooms as opposed to singles. Normally speaking, four and also five bedroom HDBs and also three-bed room condos are the most popular among buyers, so they will obtain a lot more possible resale purchasers, so also check parc clematis price.

Additionally, the design of the residential property plays an important part too. An open-concept style is liked– purchasers commonly lament about the reducing nature of homes today as well as would certainly battle hammer and tongs for something not resembling the dimension of a prison cell. Features with an open-concept frequently look larger than closed ones, even if two devices have similar square video footage.

Also Read: Nearly $500 million disbursed to about 15,600 first-time HDB flat buyers