Parktown Residence previews from 7th February to 17th February 2025
Reach us for more info and direct developer access!
Thomas Tong 84845484
WhatsApp: wa.me/6584845484
IG: thomastongrealestate
TikTok: www.tiktok.com/@thomastongrealestate
Elizabeth Mok 90088123
WhatsApp: wa.me/6590088123
IG: ellymoky
TikTok: www.tiktok.com/@ellyrealty
Introduction & Overview
(00:00-00:26) - Introduction to Parktown Residence, a detailed guide covering competitors, floor plans, and market positioning.
(00:26-00:55) - 1,193 units across 12 blocks (6-12 stories) on a 50,000 sqm plot. Expected vacant possession in 2030, but estimated TOP in 2028.
(00:55-01:23) - Integrated Transport Hub, including direct MRT and bus interchange access. Development by CapitaLand (commercial), UOL & Singapore Land (residential).
Developer & Community Features
(01:23-01:46) - CapitaLand, UOL, and Singapore Land have a strong track record, with notable projects like Duo, CanningHill Piers, and Sengkang Grand Residences.
(01:46-02:14) - Parktown will be the only integrated transport hub in the Tampines North community, offering a shopping mall, hawker center, community club, and direct MRT access (Cross Island Line).
(02:14-02:40) - Overview of development layout, including residential blocks, direct basement MRT access, and key community spaces.
Facilities & Layout
(02:40-03:30) - Retail components: About 100-120 retail shops, supermarket in Basement 1, MRT entrance integrated with the mall, and a fully separated residential car park.
(03:30-04:49) - Residential vs. commercial car park separation: Residents' car park access is private and not connected to retail visitors.
(04:49-05:40) - Unit types: 1-bedroom + study to 5-bedroom units, estimated maintenance fees for a 3-bedroom at ~$442/month.
Unit Layouts & Market Comparison
(05:40-06:37) - Floor plan analysis: Discusses presence (or absence) of balconies, aircon ledges, and storage spaces.
(06:37-07:29) - Internal vs. external-facing units: Blocks 3, 5, 7, 16 (avoid West sun) and Blocks 17, 19, 21 (avoid noise/facing issues).
(07:29-08:23) - Block-to-block distances: Park East offers wider distances than Park West, leading to higher pricing for Park East.
Pricing Strategy & Competitor Analysis
(08:23-09:49) - Estimated pricing: Developers purchased land at $885 PSF PPR, potentially pricing from ~$2,500 PSF based on demand.
(09:49-10:48) - Paries 8 as a benchmark: Saw six price increases on launch day, highlighting strong demand for integrated transport hubs.
(10:48-11:51) - GFA Harmonization impact: Parktown excludes aircon ledges from unit size calculations, making comparisons with older projects tricky.
1-Bedroom & 2-Bedroom Comparisons
(11:51-12:51) - 1-bedroom + study (506 sqft) vs. Paries 8 (538 sqft): Parktown’s unit is more efficient due to GFA harmonization.
(12:51-13:43) - 2-bedroom units: Expected pricing at $1.4M, with a $390K outlay and $4,700 monthly mortgage.
(13:43-14:44) - 2-bedroom Premium (~$1.6M): Includes two bathrooms and an enclosed kitchen, with a $59K difference in outlay from the standard 2-bed.
(14:44-15:40) - 2-bedroom Premium + Study (764 sqft): Additional study corner, usable as a guest room or storage.
3-Bedroom Comparisons
(15:40-17:09) - 3-bedroom Premium vs. Paries 8: Parktown units are slightly larger with better layouts, but Paries 8 has better ventilation (kitchen & bathrooms have windows).
(17:09-18:05) - 3-bedroom Dumbbell Layout: Discussing layout efficiency, balcony usage, and storage limitations.
(18:05-19:53) - 3-bedroom Compact (926-947 sqft): Parktown’s bigger kitchen, no storage room, and aircon ledge placement reducing bedroom window size.
4-Bedroom Comparisons
(19:53-21:54) - 3-bedroom Premium (1,130 sqft) vs. Tenet EC (980 sqft): Parktown is larger, more efficient, but lacks some window ventilation.
(21:54-23:19) - 4-bedroom layouts (1,335 sqft): Large living/dining area (4m width), all bathrooms & kitchen are naturally ventilated.
(23:19-25:11) - Upgrade costs from 3+Study to 4-Bedroom: ~$869K outlay, $10,250/month mortgage.
5-Bedroom Premium Comparisons
(25:11-27:04) - Parktown’s 5-Bedroom Premium (1,679 sqft): Large living space (4.7m width), walk-in wardrobe, and enclosed kitchen.
(27:04-28:57) - Price comparison with Paries 8: Parktown offers bigger kitchen & bedrooms but lacks a dry kitchen.
(28:57-30:23) - 5-Bedroom Premium pricing estimate: $3.7M, ~$186K outlay, ~$12K mortgage/month.
Final Takeaways
(30:23-31:29) - Parktown’s spacious layouts, larger kitchens, and better efficiency make it a strong competitor to Paries 8, Tenet EC, and Orel EC.
(31:29-End) - Developer pricing strategy & final insights on Parktown’s advantages over other integrated transport hub projects.