PARKTOWN Residence, a major residential development in Tampines, saw a remarkable sales performance during its launch weekend, with over 87% of its 1,193 units sold. UOL Group Limited and CapitaLand Development reported that 1,041 units were snapped up, primarily by Singaporeans seeking homes for personal use and investment purposes.
The development’s appeal lies in its status as a fully integrated residential and lifestyle hub. It boasts direct connections to a retail mall, the upcoming Tampines North MRT station, a bus interchange, a green boulevard, a community club, and a hawker centre. This comprehensive connectivity and convenience have made it a prime choice for prospective homeowners.
A spokesperson for UOL and CLD highlighted the development’s strategic location and the allure of its upscale, spacious flats. “With its prime location and upscale, spacious flats, PARKTOWN Residence stands out as a highly desirable choice for homeowners seeking both convenience and quality,” they stated.
The successful launch of PARKTOWN Residence underscores the strong demand for integrated living spaces in Singapore, particularly in well-connected areas like Tampines. As the first major property launch of the year, it sets a positive tone for the real estate market in 2023. Future developments in the area, such as the completion of the Tampines North MRT station, are expected to further enhance the attractiveness of this residential project.
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