PARC CENTRAL RESIDENCES
(Executive Condominium)
Hoi Hup Realty Pte Ltd’s JV with Sunway Group has topped 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.
AMENITIES
Parc Central residences 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.
CONNECTIVITY
Parc Central Residences 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.
Estimated launch date 2nd half of 2020
(All contents above as announced by Developer in hoihup.com)
DEVELOPER
Project Details
Project Name Parc Central Residences
Developer Hoi Hup Realty & Sunway Developments
Location D18 – Pasir Ris / Tampines
Address Tampines Street 86 (TBC)
Site Area Approx. 24,938sqm / 268,432.6 sqft
No of Units Est 695 units
No of Blocks TBC
No of Floors TBC
Unit Mix TBC
Carpark TBC
Expected TOP TBC
Tenure 99 years (Land awarded on 22 Jan 2019)
Unit Mix
| 2 Bedroom (TBC) | sqft |
| 3 Bedroom (TBC) | sqft |
| 4 Bedroom (TBC) | sqft |
| 5 Bedroom (TBC) | sqft |
LOCATION
PARC CENTRAL RESIDENCES – A luxury EC development within a matured estate coming soon
Recent Government Land Sales For EC Sites
Fernvale Lane EC (11 Mar 2020)
Street Name: Fernvale Lane
Land Area: 17,129.9 sqm
Max GFA: 47,964 sqm
Tender Price: $286,538,000
Cost: $555 psf ppr
Awarded To: FCL Lodge Pte Ltd
Canberra Link EC (11 Oct 2019)
Street Name: Canberra Link
Land Area: 16,690 sqm
Max GFA: 38,387 sqm
Tender Price: $233,890,000
Cost: $566 psf ppr
Awarded To: MCC Land (Singapore) Pte Ltd
Parc Central Residences (22 Jan 2019)
Street Name: Tampines Ave 10
Land Area: 24,933.7 sqm
Max GFA: 69,815 sqm
Tender Price: $434,450,000
Cost: $578.1 psf ppr
Awarded To: Hoi Hup Realty Pte Ltd and Sunway Developments Pte Ltd
OLA (27 Sep 2018)
Street Name: Anchorvale Crescent
Land Area: 17,137.3 sqm
Max GFA: 51,411.9 sqm
Tender Price: $318,888,899
Cost: $576.2 psf ppr
Awarded To: Evia Real Estate (8) Pte Ltd & Gamuda (Singapore) Pte Ltd
Parc Canberra (10 Sep 2018)
Street Name: Canberra Link
Land Area: 18,040.6 sqm
Max GFA: 45,101.5 sqm
Tender Price: $271,000,000
Cost: $558.2 psf ppr
Awarded to: Hoi Hup Realty Pte Ltd and Sunway Developments Pte Ltd
Piermont Grand (7 Mar 2018)
Street Name: Sumang Walk
Land Area: 27,056.4 sqm
Max GFA: 81,169.2 sqm
Tender Price: $509,370,000
Cost: $583 psf ppr
Awarded To: CDL Constellation Pte. Ltd. and TID Residential Pte. Ltd.
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