The Singapore property market has witnessed another record-breaking moment as ParkTown Residence, an integrated development in Tampines North, successfully sold 87% (1,041 units) of its 1,193-unit inventory during its launch weekend. Priced at an average of S$2,360 per square foot (psf), this mega project has outperformed previous launches, solidifying the increasing demand for fully integrated developments.
ParkTown Residence Sets New Sales Benchmark
According to Mark Yip, CEO of Huttons Asia, ParkTown Residence now holds the record for the highest number of units sold during a launch weekend. The previous record was held by Emerald of Katong, which sold 835 units in November 2024.
“No mega project has sold more than 1,000 units on launch weekend before. This proves the popularity of integrated developments and the buyers’ confidence in the Tampines five-year master plan (2025–2030).” – Mark Yip
Why Is ParkTown Residence So Popular?
ParkTown Residence offers 12 residential blocks and is developed by a joint venture between UOL Group, Singapore Land, and CapitaLand Development. Its strategic location at Tampines Avenue 11 and its seamless connectivity to key transport and lifestyle amenities make it highly attractive to homebuyers and investors alike.
Key Selling Points:
- Direct connectivity to the upcoming Tampines North MRT Station (Cross Island Line)
- Integration with a bus interchange, retail mall, hawker centre, and community club
- Competitive pricing: From S$1.1 million for a one-bedroom plus study (463 sq ft) to S$3.5 million for a five-bedroom unit (1,679 sq ft)
- Developed on a 550,000 sq ft site, acquired for S$1.2 billion in July 2023
- Part of the Tampines Master Plan (2025–2030), ensuring future appreciation potential
Investor Interest on the Rise
Marcus Chu, CEO of ERA Singapore, noted that the overwhelming response was “entirely expected”, as mixed-use developments tend to appreciate in value and offer high rental demand. Many investors purchased one-bedroom and two-bedroom apartments, which are known for their better rental yields.
Nicholas Mak, Chief Research Officer at Mogul.sg, highlighted that the Singapore stock market’s recent gains have encouraged many investors to shift their profits into property investments.
“ParkTown Residence is a rare opportunity, given that fully integrated developments accounted for just 1.9% of all non-landed private residential units in Singapore as of January 2025.” – Marcus Chu
How ParkTown Residence Compares to Other Developments
The impressive sales figures at ParkTown Residence have surpassed recent integrated project launches, such as:
- The Reserve Residences (71% take-up rate at launch, S$2,484 psf, May 2023)
- Sengkang Grand Residences (launched in 2019, now averaging S$2,029 psf, 25% above District 19’s average resale prices)
- North Park Residences (Yishun) (S$1,809 psf, 65% above District 27’s resale prices)
With Tampines being the third-largest HDB town in Singapore after Hougang and Woodlands, many HDB upgraders are opting for ParkTown Residence to stay within the area.
Elta’s Successful Launch in Clementi
The same weekend saw another successful condo launch—Elta, a 501-unit development in Clementi Avenue 1, sold 65% (326 units) at an average of S$2,537 psf.
“Most buyers seem to be purchasing for owner-occupation. Over 98% of the two-bedroom units and 82% of the three-bedroom units were taken up quickly.” – Marcus Chu, ERA Singapore
Developed by MCL Land and CSC Land Group, Elta consists of two 39-storey towers with unit sizes ranging from 506 sq ft (S$1.2 million) to 1,776 sq ft (S$3.9 million).
Future Growth & Infrastructure in Tampines
Tampines North is set for major infrastructure improvements, further boosting property values:
- Tampines North MRT (Cross Island Line) to open by 2030
- Relocation of Paya Lebar Airbase (800ha freed for future development)
- New cycling bridge, underpass, and pedestrian-friendly pathways (2027 completion)
- 40 km of cycling paths under the Tampines Town Council’s five-year master plan (2025–2030)
Conclusion: Why ParkTown Residence Is a Smart Investment
The overwhelming demand for ParkTown Residence highlights the strong appetite for integrated developments in Singapore’s property market. Whether for own-stay or investment, its prime location, future infrastructure, and high demand make it one of the most promising launches of 2025.
If you’re considering buying a unit, now is the time to secure your spot in this landmark development before prices rise further!
