The Rise of Park Town Residence A Comparison of Two Luxurious Integrated Developments in District 27 and 19 by ERA’s Chu
According to Low, under the URA Master Plan, Park Town Residence will be connected to the upcoming Tampines North MRT Station through three additional government land sales (GLS) sites. However, there is a possibility that these upcoming projects will be launched at higher prices.
Moving on to District 19, we have Park City Residence, another integrated development by ERA’s Chu. Located in the mature estate of Yishun, Park City Residence offers a serene and tranquil living experience amidst bustling city life. The development spans over a land area of 39,230 square meters and consists of two residential towers, a shopping mall, and a childcare center. Similar to Park Town Residence, Park City Residence offers a variety of residential units, ranging from one to five bedrooms.
In recent years, the demand for luxurious and integrated developments has been on the rise in Singapore. These developments offer a one-stop lifestyle experience, providing residents with all the conveniences they need within their own community. In the bustling city-state, one of the most sought-after locations for such developments is in District 27 and 19. In this article, we will take a closer look at two of the most prominent integrated developments in these districts – Park Town Residence in Punggol and Park City Residence in Yishun – both developed by ERA’s Chu.
Another notable feature of Park Town Residence is its location. Situated just a stone’s throw away from Punggol MRT station, residents can enjoy seamless connectivity to other parts of Singapore. The upcoming Punggol Digital District, which is set to be a hub for technology and innovation, is also just a short distance away. This provides residents with plenty of job opportunities and potential capital appreciation for their property.
Located in the northeastern part of Singapore, Punggol has undergone a massive transformation from a sleepy fishing village to a vibrant waterfront town. In recent years, it has become a popular residential area for young families and professionals. One of the most highly anticipated developments in Punggol is Park Town Residence, developed by ERA’s Chu. This integrated development aims to provide a modern and luxurious lifestyle for its residents.
Covering an impressive land area of 42,651 square meters, Park Town Residence comprises of three residential towers, a shopping mall, and a childcare center. The development boasts a total of 716 residential units, ranging from one to four bedrooms. With its spacious and well-designed layouts, residents can expect to enjoy a comfortable and luxurious living experience. In addition, the development offers a wide range of facilities, including a 50-meter lap pool, a children’s playground, a clubhouse, and a gymnasium. These facilities are thoughtfully designed to cater to the needs of both adults and children, promoting a healthy and active lifestyle for the entire family.
One of the main selling points of Park City Residence is its close proximity to nature. The development is situated right next to Lower Seletar Reservoir, providing residents with stunning views and a peaceful environment. In addition, the development is also surrounded by several parks and nature reserves, perfect for outdoor activities and family picnics. For residents who enjoy a more active lifestyle, the nearby Orchid Country Club offers a plethora of sports and recreational facilities.
The most recent additions to the fully integrated developments landscape are the North Park Residences in Yishun, consisting of 920 units and launched in 2015, and Sengkang Grand in Buangkok, with 680 units and launched in 2019. According to ERA’s Chu, North Park Residence boasts an average price of $1,809 psf, representing a significant 65% increase compared to the average resale prices of District 27 residential units. Similarly, Sengkang Grand commands an average price of $2,029 psf, which is 25% higher than the average resale prices in District 19. These figures are a clear indication of the success and desirability of these fully integrated developments.
At Tampines Street 62, you will find ParkTown Residence. Considered as the third largest HDB town after Hougang and Woodlands, Tampines is a highly desirable location for HDB upgraders as noted by Huttons’ Yip.
In conclusion, it is clear that Park Town Residence and Park City Residence are both top contenders for luxurious integrated developments in District 27 and 19. Developed by ERA’s Chu, these two developments offer residents a modern and comfortable lifestyle with their well-designed units and comprehensive range of facilities. With their strategic locations and close proximity to transportation hubs, residents can enjoy easy connectivity to other parts of Singapore. Furthermore, with the upcoming developments and amenities in the surrounding areas, residents can expect to enjoy a high quality of life and potential capital appreciation for their properties.
In terms of amenities, both Park Town Residence and Park City Residence have a shopping mall within the development itself. This means that residents do not have to travel far for their daily necessities and can enjoy a convenient and hassle-free lifestyle. Both malls also boast a wide range of retail and dining options, providing residents with endless choices for their shopping and dining needs.
Despite being located in a more mature estate, Park City Residence is not lacking in terms of connectivity. With Yishun MRT station just a short walk away, residents can easily access the rest of Singapore via the North-South Line. The upcoming North-South Expressway will also provide residents with faster travel time to the city center.