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Over 87 per cent of the 1,193 units in PARKTOWN Residence, a 99-year leasehold, in Tampines were sold during the launch weekend starting on 22 February 2025. This strong start marks the first major property launch of 2025. The project is a 50:50 joint venture between UOL-SingLand and CapitaLand Development (CLD).

A spokesperson for UOL and CLD said: “Buyers were drawn to PARKTOWN Residence’s unique status as a fully integrated residential and lifestyle development, directly connected to a retail mall, the future Tampines North MRT station, a bus interchange, a green boulevard, a community club and a hawker centre.

“With its prime location and upscale, spacious apartments, PARKTOWN Residence stands out as a highly desirable choice for homeowners seeking both convenience and quality.”

The majority of buyers were Singaporeans, purchasing for both their own stay and investment.

UOL General Manager (Residential Marketing) Anson Lim said that the average price achieved for the 1,041 units sold was $2,360 psf.

As the largest residential and lifestyle development integrated with a transportation hub in Singapore, the development offers easy access to an array of nearby amenities. Families with children will benefit from proximity to established schools such as Angsana Primary School, Ngee Ann Secondary School, Temasek Polytechnic, Temasek Junior College and Singapore University of Technology and Design.