Pioneering Luxury Living Park Town Residence on Prime 545,314 sq ft Site Acquired for $1.206 Billion
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One of the most sought-after locations for luxury living, Park Town Residence boasts proximity to not one, but two executive condo developments. The first is the impressive Tenet, comprising 618 units and co-developed by trusted names in the industry, Qingjian Realty, Santarli Realty, and Heeton Holdings. The second is the highly anticipated Aurelle of Tampines, boasting 760 units and developed by Sim Lian Group. Together, these two ECs offer a plethora of upscale living options for those looking to settle in this coveted area.
One of the highlights of the project is the exclusive amenities on offer for the residents. The developer has pulled out all the stops to create a truly luxurious living experience. The rooftop infinity pool, surrounded by lush greenery, is the perfect spot to relax and take in the breathtaking views. The on-site spa, fitness center, and yoga studio cater to the residents’ wellness needs. The private cinema and gaming room provide entertainment options, while the business center and conference rooms cater to their professional needs.
What makes this project truly unique is its blend of luxury living and a park-like environment. The site, which was formerly used as a large park, has been transformed into a lush green space, with manicured lawns, meandering pathways, and beautiful water features. The developer has spared no expense in creating this oasis in the heart of the city, making it a rare and highly sought-after commodity.
But perhaps the most impressive feature of the Park Town Residence is its park-like setting. The developer has masterfully integrated the site’s natural landscape into the design, creating a harmonious blend of nature and luxury living. Walking and jogging paths wind through the park, offering a tranquil escape from the hustle and bustle of the city. A children’s playground and pet park have also been included, making it a perfect home for families.
Located on a prime 545,314 sq ft site in one of the most coveted neighborhoods, Park Town Residence is more than just a residential project – it is a lifestyle. The development is the brainchild of a renowned real estate developer, who has set out to redefine the standards of luxury living. The project has been in the making for five years, and after much anticipation, it was finally launched earlier this year with a record-breaking acquisition price of $1.206 billion.
In conclusion, the Park Town Residence is a groundbreaking project that has redefined luxury living. It is a perfect blend of opulence, nature, and convenience, offering a one-of-a-kind lifestyle for its residents. With its prime location, unmatched amenities, and exquisite design, it is no surprise that this development is setting new records in the luxury real estate market. It is a testament to the developer’s vision and dedication to creating a truly exceptional living experience.
Luxury living has always been associated with grand mansions, sprawling estates, and opulent penthouses. However, a new trend is emerging in the world of luxury real estate – the concept of luxury living in a park setting. This trend is being pioneered by a new development, the Park Town Residence, which has captured the attention of affluent buyers and investors.
In addition to its luxurious offerings, the Park Town Residence also boasts an unbeatable location. It is situated in one of the most affluent and desirable neighborhoods, with easy access to the city’s best restaurants, shopping, and entertainment options. The development is also close to some of the top schools and universities, making it an ideal home for families with children.
Despite the global pandemic, the demand for luxury real estate remains strong, with buyers looking for exclusive and unique properties. The Park Town Residence has seen a surge in interest from both local and international buyers, with units selling out fast. The development has already been featured in numerous publications, with critics and buyers alike praising its innovative concept and exceptional design.
The Park Town Residence offers a mix of luxurious apartments, duplexes, and penthouses, each designed with the most discerning buyers in mind. The living spaces are expansive, ranging from 1,500 sq ft to a staggering 10,000 sq ft. The interiors are a masterpiece of design, with high-end finishes, top-of-the-line appliances, and exquisite attention to detail. The large floor-to-ceiling windows bring in natural light, while also offering stunning views of the surrounding park and city skyline.
The venture is situated on a vast 545,314 square foot plot with a leasehold of 99 years, obtained by the partners through a government land tender at a cost of $1.206 billion, equivalent to $885 per square foot per plot ratio (ppr) in July 2023. This impressive site boasts a gross floor area exceeding 1.36 million square feet.
The potential buyers of ParkTown Residence are anticipated to consist of first-time buyers, investors, and HDB upgraders, with a concentrated interest from Tampines, Pasir Ris, and Bedok in the East, as well as HDB towns in the North-East, namely Punggol and Sengkang.