Parktown Residence

[youskevitch]

Starting a new thread on Parktown Residence

The 99-year site at Tampines Avenue 11 is 545,314 sq ft. The land use zoning for the future mixed-use development comprises a commercial and residential development integrated with a bus interchange, a community club, and a hawker centre.

CapitaLand will hold a 50% stake in the joint venture, with UOL and SingLand holding the remaining 50%. In a June 27 press statement, the joint venture partners say the future development will offer about 1,190 new homes, 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.

Capitaland website
https://www.capitaland.com/en/about...omes-mega-mixed-use-development-Tampines.html


Details of land bid
https://www.edgeprop.sg/property-ne...-bid-885-psf-ppr-tampines-avenue-11-mixed-use

 

[youskevitch]

RESERVED FOR INFO

 

[youskevitch]

RESERVED FOR INFO

 

[youskevitch]

A video year ago on the land sale

 

[hovivi]

Agent told me psf not low
Cos integrated

 

[youskevitch]

Agent told me psf not low
Cos integrated

What psf did the agent indicate?

 

[Pukunara]

What's the expected psf

 

[Cocoa2012]

It is likely to be around $2,2xx psf, although the starting psf can be about $2,0xx psf.

 

[sgpropertyblog]

i reckon psf from 23xx-24xx ..

 

[Ccy2112]

Anyone knows whether the need to construct the common areas eats into GFA avail for developer, or dev just needs to makan construction cost?

 

[Cocoa2012]

Anyone knows whether the need to construct the common areas eats into GFA avail for developer, or dev just needs to makan construction cost?

Hi, the common area is part of the GFA.

 

[Ccy2112]

To clarify, I mean things like the bus interchange. Is that part of the GFA calculation?

 

[Cocoa2012]

To clarify, I mean things like the bus interchange. Is that part of the GFA calculation?

Hello, yes. The total GFA is 126,700 sqm and the bus interchange is part of this GFA.

Are you keen in this development?

 

[Ccy2112]

Hello, yes. The total GFA is 126,700 sqm and the bus interchange is part of this GFA.

Are you keen in this development?

Keen but no name haha. Thanks for info!

Looks like the cost psf on edgeprop will be inaccurate because developer need to account for unsellable GFA and construction costs. But many in this forum (esp those priced out) will kpkb on unscrupulous developer profiteering

 

[Cocoa2012]

Keen but no name haha. Thanks for info!

Looks like the cost psf on edgeprop will be inaccurate because developer need to account for unsellable GFA and construction costs. But many in this forum (esp those priced out) will kpkb on unscrupulous developer profiteering

Np

Yes, integrated developments will have such non-saleable area that they have to build at their own expenses. Capitaland seems to price their projects quite aggressively (e.g., J'den, Sengkang Grand). Hopefully, its partner UOL can give consumers some chance to get units at a better price.

The next integrated plot beside Tampines West MRT was bought by Hoi Hup and Sunway at a higher price (i.e., $1,004 psf ppr vs $885 psf ppr).

So, good to enter Parktown Residences to enjoy the upsides later on when the next plot launches

 

[hovivi]

i reckon psf from 23xx-24xx ..

Agent told me around this psf too
Not sure if it’s true .. will see

 

[kiatme]

Nobody will be able to guess the PSF.
Even if the developer set the price at 200 above breakeven, Its Tampines, people will still chiong to buy.

 

[Advancer]

Nobody will be able to guess the PSF.
Even if the developer set the price at 200 above breakeven, Its Tampines, people will still chiong to buy.

$200psf above break even is too kind already.
My guess is $2200 to $2300psf.

 

[Uacesg]

Up the thread, anyone with info on the pricing?

Saw tons of people and cars crowding the showroom

 

[wanker88]

After today’s Orie sales, developer will feel confident to price high. I would expect average price to be $2400psf! Which is crazy for Tampines if you asked anyone 12 months ago!!