parc central residences EC
Project Type: Executive Condominium
Developer: Hoi Hup Sunway Tampines J.V. Pte Ltd
Street Name: Tampines St 86
Tenure: 99 years
Total Units: 700 residential units of 3/4/5 bedrooms
Average Transacted Price: $1,175 psf
Est. TOP: Q3, 2023
Jointly developed by HOIHUP and Sunway, Parc Central Residences Executive Condominium is a 99 years leasehold development comprising of 700 residentials units with a variety of 3, 4 and 5 bedrooms types.
Located along Tampines Ave 10, this development is located within close proximity to Tampines MRT Station, Tampines Mall, IKEA and reputable education facilities.
Parc Central Residences is a future sanctuary of the East that seeks to provide recreation and relaxation qualities of life in a park.
The concept of the development draws inspiration from New York City’s Central Park - a well-known green oasis set within a bustling location.
It combines the allure of high-quality living spaces with the leisurely and active culture of communal parks to create a blissful and contemporary lifestyle.
Proximity to Conveniences
Enjoy unparalleled connectivity in the Tampines regional centre, with 3 MRT stations, numerous shopping malls, IKEA, Giant Hypermarket, Jewel, the future Paya Lebar new town and Terminal 5 in the vicinity.
HOIHUP Realty & Sunway
Parc Central Residences EC - Hoi Hup Realty Pte Ltd’s JV with Sunway Group has been awarded the land sale tender for the coveted EC site at Tampines Avenue 10. The keenly participated tender closed on the 15th of January, drawing a total of 7 bidders in all with Hoi Hup Sunway submitting the highest bid of S$434.4m, or S$578 psf of GFA.
Hoi Hup Sunway intends to develop a luxury EC development of up to 700 units on this 24,938sqm site which can yield up to a maximum of 69,829sqm GFA. The site provides a rare opportunity to develop a luxury EC development within a matured estate.
Furthermore, with the last EC launched in the east region being in 2012, there is a pent-up demand for this asset class that is in limited supply in the east as well as the entire island.
The site is well served by a wide variety of amenities within stone’s throw in the heart of the regional centre of Tampines. This ranges from the Tampines Town Hub – Singapore’s first-ever integrated community and lifestyle hub which provides a variety of sports and community facilities, to offices, educational institutions and a number of established regional shopping malls.. These malls include Tampines Mall, Tampines 1, and Century Square.
Last but not least, the site is conveniently linked to the city and the rest of the island via major arterial roads and expressways such as the Tampines Expressway and the Pan Island Expressway. It is also a short distance away from the Tampines MRT station and the Tampines West Station along the Downtown Line.
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