Over 87% of PARKTOWN Residence units sold at launch weekend

More than 87 per cent of the 1,193 units in PARKTOWN Residence, a 99-year leasehold development, 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 reported in The Straits Times, PropNex chief executive Ismail Gafoor said that the PARKTOWN Residence project holds the record for the highest number of units moved over a launch weekend. ERA Singapore chief executive Marcus Chu added that integrated transport hub developments are popular with astute homebuyers and investors because they have demonstrated good upside potential and high rentability.

The impressive sales were a result of the strong product offerings and the dedication and hard work of Team UOL and SingLand. Five marketing agencies namely PropNex, Huttons, ERA, OT Group and SRI, contributed to the strong outcome. Great job, everyone!

References:

1. Business Times (Published), 24 February 2025

PARKTOWN Residence mega project sells over 87% of units at average of S2,360 psf

2. Lianhe Zaobao(Published and online), 24 February 2025

两新私宅周末销售成绩亮眼淡滨尼霸级项目卖出逾1000 单位

3. Business Times Online, 23 February 2025

Parktown Residence mega project sells over 87% of units at average of S$2,360 psf

4. Straits Times online, 23 February 2025

Over 87% of 1,193 Parktown Residence units in Tampines sold at launch weekend.

5. Yahoo Online, 23 February 25

UOL-CapitaLand moves 1,041 units at ParkTown Residence on launch day; average price achieved of $2,360 psf

6. 8 World, 23 February 2025