FACTSHEET
PARKTOWN RESIDENCES
| Location | Tampines Avenue 11 |
| Proposed Development | Mix use development (commercial & Residential,integrated with bus interchange.community club & hawker centre.) |
| Site Area | 50,679.7 sqm |
| Maximum GFA | 126,700 sqm |
| Maximum Building Height | 64m Singapore Height Datum (SHD) |
| Estimated No. of Housing Units | 1190 |
| Lease Term | 99 years |
| Project Completion Period | 84 months from the date of acceptance of tender |
*Actual number of housing units proposed by developer may vary.
LOCATION
Seamless connectivity
Given the hustle and bustle of city living, convenience is king and that’s why integrated developments are highly sought-after. Direct access to the MRT station will help to cut commuting time and it could even offer a commute that’s entirely sheltered from the rain, straight from home to the workplace. Meanwhile, having a retail mall that’s a skip away from the home offers a lot of convenience, especially for time-starved working adults.
Tampines North MRT Station
Tampines North MRT Station (CR6) is an underground station along the Cross Island Line (CRL) Phase 1. The station is located underneath Tampines Avenue 11, at the junction with Tampines Avenue 6 and Tampines North Drive 2, which are future roads which will serve the upcoming Tampines North residential town.
At present, the station is at the north edge of Tampines town and in the vicinity of industries near Tampines Industrial Street 62 which will be expunged in the future to make way for residential developments. When fully developed, Tampines North Station will be a transport node for the Tampines North estate and form an integrated Transport Hub (ITH) with the adjacent Tampines North Bus Interchange. The station is targeted for completion and opening in Year 2030.
Education Institutions
Angsana Primary
Elias Park Primary
Poi Ching School
For families with school-going children or couples planning to start a family, there are a good number of schools near the Tampines Avenue 11 integrated development site. These include Angsana Primary, Poi Ching School, Meridian Primary and Secondary, Elias Park Primary, Tampines North Primary, Junyuan Secondary, Tampines Meridian Junior College, Temasek Polytechnic, and the United World College of South East Asia (East Campus).
Retails and F&B
Pasir Ris Mall
Downtown East
IKEA
the upcoming Pasir Ris Mall, White Sands, Pasir Ris Central Hawker Centre, Downtown East, hypermart Giant, Courts Megastore, IKEA, as well as Tampines Mall, Century Square, and Tampines One in the Tampines Regional Centre.
UOL Group Awarded Mixed-Use Site in Tampines Ave 11
Image credit: Housing & Development Board
The commercial and residential site in Tampines Avenue 11 will be integrated with a bus interchange, community club and hawker centre.
On 11 July 2023, a 50:50 joint venture project between UOL-SingLand (60:40) consortium and CapitaLand Development was awarded a mixed-use site in Tampines Avenue 11 for $1.21 billion or $885 psf ppr. The 99-year leasehold plot spans a total site area of 545,511 sq ft. Leveraging their combined expertise, the site will be transformed into a residential and commercial development integrated with a bus interchange, a community club and a hawker centre. The development will have direct connectivity to the upcoming Tampines North MRT station.
The acquisition of the site would enable UOL Group to replenish its land bank in Singapore and diversify its commercial investment portfolio.
“Capitalising on the low residential (outside central region) inventory in the mature Tampines Regional Centre, the residential component will offer about 1,190 residential units, while the retail and community amenities in the mixed-use development are expected to cater to the lifestyle needs of the growing residential population in Tampines North. The last awarded GLS residential site in Tampines was in 2017,” UOL and CapitaLand had said in a joint statement on 27 June 2023 when they submitted the highest bid for the tender.
source: https://www.uol.com.sg/news/uol-group-awarded-mixed-use-site-in-tampines-ave-11/
