Short answer: Parktown Residence is a 1,193-unit, 99-year leasehold condo at Tampines Street 62, District 18, built above a mall, bus interchange and hawker centre. Developed by UOL Group, Singapore Land Group and CapitaLand Development, it sold 87% of its units on its February 2025 launch weekend at an average of S$2,360 psf and was 98% sold by August 2026. TOP is expected in mid-2030.
Updated 30 September 2026. This page replaces an earlier version that contained incorrect facts; see the correction note at the end.
What is Parktown Residence?
| Developer | Topaz Residential Pte Ltd (residential) and Topaz Commercial Pte Ltd (commercial): a 50:50 joint venture of a UOL Group and Singapore Land Group consortium (60:40) and CapitaLand Development |
| Address | 1 to 23 (odd numbers) Tampines Street 62, Singapore (for example 3 Tampines Street 62, Singapore 529412), District 18; the site also fronts Tampines Avenue 11 |
| Tenure | 99-year leasehold from 9 October 2023 |
| Homes | 1,193, in 12 blocks: two of 6 to 7 storeys, eight of 11 storeys and two of 12 storeys, above a podium |
| Unit sizes | 463 sq ft (one-bedroom plus study) to 1,679 sq ft (five-bedroom) |
| Site area | 50,679.7 sq m (about 545,512 sq ft) |
| Land price | S$1.206 billion (S$885 psf per plot ratio), government land sale awarded July 2023 |
| Architect | P&T Group |
| Car park | 961 lots |
| Launch | Sales booking from 22 February 2025 |
| Expected TOP | Mid-2030; the developer gives 30 June 2030 as the vacant possession date |
| Nearest MRT | Tampines North (CR6), Cross Island Line, under construction, with a direct link |
Sources: CapitaLand, February 2025 (unveiling) (developer, blocks, sizes, site area, tenure, TOP); CapitaLand, 23 February 2025 (launch results) (unit mix, car park, sales); UOL Group, 11 July 2023 (JV structure, land price); Stacked Homes, 8 February 2025 (architect); addresses and postal codes from OneMap.
The earlier version of this page described Parktown Residence as a 440-unit UOL Group project completing in 2028. It has 1,193 units, is a three-party joint venture, and is not expected to complete until 2030.
What unit types does Parktown Residence have?
The developer's launch release lists this mix, which adds up to 1,193:
| Type | Size (sq ft) | Units |
|---|---|---|
| 1-bedroom + study | 463 to 506 | 73 |
| 2-bedroom | 592 | 160 |
| 2-bedroom premium | 678 to 721 | 292 |
| 2-bedroom premium + study | 764 | 134 |
| 3-bedroom | 926 to 947 | 135 |
| 3-bedroom premium | 1,055 to 1,076 | 158 |
| 3-bedroom premium + study | 1,163 to 1,184 | 115 |
| 4-bedroom | 1,335 to 1,356 | 57 |
| 4-bedroom premium | 1,485 to 1,496 | 47 |
| 5-bedroom | 1,679 | 22 |
Just under half of the homes (586 units, 49%) are two-bedroom types.
What is in the integrated development?
Parktown Residence sits above a mall of more than 146,000 sq ft, with a supermarket, a bus interchange, a hawker centre and a community club, and has a direct connection to the future Tampines North MRT station. A green boulevard on the site forms part of Tampines Boulevard Park. The developer describes it as the largest residential development in Singapore integrated with a transport hub (CapitaLand, February 2025). Resident facilities include two 50 m infinity pools, a hydrotherapy pool, co-working lounges, sports courts and a nature trail.
What did Parktown Residence sell for?
| Date | Figure | Source |
|---|---|---|
| Launch (February 2025) | Starting prices from S$1.07 million (one-bedroom plus study, 463 sq ft) up to a five-bedroom starting price of S$3.78 million (1,679 sq ft) | CapitaLand, 6 February 2025 |
| 22 and 23 February 2025 | 1,041 of 1,193 units (87%) sold, at an average of S$2,360 psf | CapitaLand, 23 February 2025 |
| February to March 2025 | Recorded new sales ranged from S$2,146 psf (1,335 sq ft) to S$2,605 psf (764 sq ft) | EdgeProp project page |
| 16 December 2025 | 93% sold; the best-selling new launch of 2025 | EdgeProp, 24 December 2025 |
| 9 August 2026 | 98% sold | UOL 1H2026 results presentation, 12 August 2026 |
We checked the arithmetic: 1,041 ÷ 1,193 is 87.3%. The latest developer figure is 98% sold as at 9 August 2026, from UOL's 1H2026 results presentation filed with SGX; UOL does not give a unit count. URA publishes monthly developer sales, which show later take-up. Because the project is uncompleted, resales before TOP are sub-sales and are rare. Check URA's private residential transaction search for current data.
How far is Parktown Residence from the MRT?
The development has a direct link to Tampines North station (CR6) on the Cross Island Line. LTA says Cross Island Line Phase 1, which includes Tampines North, is expected to be completed by 2030, so the station is expected to open around the same time as the condo. Until then, the nearest operating station is Tampines West (DT31) on the Downtown Line, about 2.4 km away in a straight line (OneMap). The earlier version of this page placed the station 400 m away and gave an opening year of 2032; neither matches LTA or the developer.
Angsana Primary School is about 400 m away in a straight line (OneMap). Poi Ching School is just over 1 km away.
Who might Parktown Residence suit?
This is a summary of trade-offs, not a recommendation. What is distinctive: a mall, bus interchange, hawker centre and future MRT station built into the same development, a fresh 99-year lease from 2023, and a primary school within 1 km. The trade-offs: buyers wait until about mid-2030 for completion; the MRT link depends on the Cross Island Line opening on schedule; as a new project it has no resale history to benchmark against; and with 1,193 units, many similar units will reach the resale and rental markets at the same time after completion.
FAQ
Who is developing Parktown Residence? Topaz Residential Pte Ltd, a 50:50 joint venture of a UOL Group and Singapore Land Group consortium with CapitaLand Development.
How many units does Parktown Residence have? 1,193, in 12 blocks of 6 to 12 storeys.
What is the tenure of Parktown Residence? 99-year leasehold from 9 October 2023.
When will Parktown Residence be completed? TOP is expected in mid-2030.
Which MRT station will serve Parktown Residence? Tampines North station on the Cross Island Line, which will have a direct link to the development. LTA expects Cross Island Line Phase 1 to be completed by 2030.
Correction
30 September 2026: An earlier version of this page said Parktown Residence was a 440-unit project by UOL Group alone, launched in 2024 with a lease from 2024, completing in 2028, with units of 431 to 1,690 sq ft, about 400 m from a Tampines North station opening in 2032, and priced at about S$1,550 to S$1,700 psf. It has 1,193 units, is a joint venture of UOL Group, Singapore Land Group and CapitaLand Development, launched in February 2025 at an average of S$2,360 psf, has a lease from 9 October 2023 and units of 463 to 1,679 sq ft, is expected to complete in mid-2030, and will have a direct link to Tampines North station, which LTA expects by 2030. Unsupported claims about nearby schools and amenities, an investment verdict and an offer of a paid "full report" were removed.
Disclaimer: This page is for information only and is not investment advice. SG Properties is not a licensed estate agency and is not affiliated with the developer.
Sources
- CapitaLand: UOL, SingLand and CapitaLand Development unveil PARKTOWN Residence (February 2025)
- CapitaLand: PARKTOWN Residence launch results (23 February 2025)
- UOL Group: UOL Group awarded mixed-use site in Tampines Ave 11 (11 July 2023)
- UOL Group: 1H2026 results presentation (SGX filing, 12 August 2026; 98% sold as at 9 August 2026)
- EdgeProp: Top 15 best-selling new home launches of 2025 (24 December 2025)
- EdgeProp: Parktown Residence project page (recorded sales; checked 30 September 2026)
- Stacked Homes: Parktown Residence review (8 February 2025; architect)
- LTA: Cross Island Line (Phase 1 stations and timing)
- OneMap (Singapore Land Authority) (addresses, postal codes, coordinates)
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