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PARKTOWN Residence: the mixed-use development project at Tampines Avenue 11
Singapore 2024 – PARKTOWN Residence, part of the mixed-use development project at Tampines Avenue 11, received provisional approval in January to develop 1,195 residential units. These units, which range from 1- to 5-bedroom configurations, are designed to meet the growing lifestyle demands of Tampines North’s expanding population. Set against a backdrop of retail and community amenities, this residential project promises to enhance urban living experiences.
The mixed-use development project at Tampines Avenue 11
PARKTOWN Residence @Tampines Avenue 11 site is a 50-50 joint venture between the UOL-SingLand consortium and CapitaLand Development. Purchased for S$1.206 billion, equating to S$885 per square foot per plot ratio (psf ppr) in July 2023, the 99-year leasehold plot covers a total area of 545,511 square feet.
The combined expertise of the joint venture partners will transform PARKTOWN Residence into a dynamic residential and commercial hub. This integrated development will feature the PARKTOWN Tampines retail mall, a bus interchange, a community club, a hawker centre, and direct connectivity to the upcoming Tampines North MRT station.
Image: Housing & Development Board (HDB). The transformation of Tampines Avenue 11 into a vibrant residential and commercial hub, featuring a retail mall, bus interchange, community club, hawker centre, and direct access to the upcoming Tampines North MRT station.
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