Transforming Tampines The Pioneer Regional Centre with an Office Hub and Vibrant Retail Scene, Featuring Parktown Residence UOL Group
CapitaLand Development has joined forces with UOL Group and Singapore Land Group to collaborate on the development of ParkTown, a massive project in Tampines North. According to Anson Lim, UOL’s general manager for residential marketing, this marks the first partnership between the three companies and will result in the creation of the first fully integrated development in Tampines. With Parktown Residence UOL Group now in the mix, this ambitious project is sure to become a prominent landmark in the regional centre.
One of the main highlights of Parktown Residence is the office tower, which boasts a gross floor area of over 70,000 square meters. The tower will be equipped with modern amenities and cutting-edge technology, making it an attractive option for businesses looking for a modern and efficient workspace.
Apart from the convenience of transportation, Parktown Residence also offers proximity to a range of lifestyle and recreational options. Tampines is known for its ample green spaces, and residents of Parktown Residence will have easy access to these public parks and nature reserves. The nearby Bedok Reservoir Park and Tampines Quarry Park are popular spots for outdoor activities, providing a perfect escape from the hustle and bustle of city life.
The leading property developer in Singapore, UOL Group, has recognized this potential and is spearheading the development of an impressive office hub in Tampines. This development, known as Parktown Residence, is set to be a game-changer for the town and its residents, offering both commercial and residential options.
One of the main draws of Parktown Residence is its proximity to various amenities and facilities, making it an ideal location for both businesses and residents. The development is within walking distance to the Tampines MRT station and the Tampines bus interchange, providing easy access to other parts of Singapore. It is also well-connected to major highways, such as the Pan Island Expressway (PIE) and the Tampines Expressway (TPE), making it easily accessible for commuters.
In conclusion, the transformation of Tampines into a bustling regional centre is well underway, and Parktown Residence is a major player in this development. With its strategic location, modern amenities, and proximity to various amenities and facilities, Parktown Residence is set to be a game-changer for the town and its residents. With the completion of this development, Tampines will undoubtedly cement its status as a dynamic and highly sought-after location for both living and working in Singapore.
Located in the eastern part of Singapore, Tampines was once known as a quiet satellite town with primarily residential areas. However, this image is rapidly changing as the town is undergoing a major transformation, positioning itself as a bustling regional centre with a perfect blend of commercial, residential, and recreational developments.
Furthermore, Tampines is home to several recreational facilities, such as the Tampines Hub, which offers a variety of sports facilities, a library, and a community center. The town also has several shopping malls, including Tampines Mall, Century Square, and Tampines 1, providing residents with endless options for dining, entertainment, and retail therapy.
In addition to the office tower, Parktown Residence will also house a retail mall spanning over 8,500 square meters. This mall will be a vibrant hub, offering a diverse range of retail options, from local boutiques to international brands. The mall is set to add to the already bustling retail scene in Tampines, providing residents with a one-stop destination for all their shopping needs.
One of the key components of this transformation is the development of a vibrant office hub that will cater to the increasing demand for workspace in the eastern part of Singapore. The growing workforce in this region has created a need for more office spaces, and Tampines is quickly becoming the ideal location for companies to set up their headquarters.
According to Gafoor, ParkTown’s inclusion of an MRT connection, bus interchange and amenities makes it a highly desirable mega project that is bound to attract a diverse range of people, extending beyond the residents of neighbouring Tampines, Pasir Ris and Bedok.
In 1992, the Urban Redevelopment Authority (URA) introduced the concept of regional centres to decentralize employment opportunities. Tampines Regional Centre was the first of these centres, aiming to bring jobs closer to residents’ homes. Prominent office buildings in this area include OCBC Tampines Centre One, Abacus Plaza, and CPF Tampines Building. Additionally, there is a cluster of three shopping malls around the Tampines MRT station, namely Tampines Mall, Tampines One, and Century Square. These malls provide convenient access to various retail and dining options for the residents of Tampines.
The development of Parktown Residence is set to raise the profile of Tampines as a vibrant and attractive regional centre in Singapore. With its modern and efficient office spaces, vibrant retail scene, and diverse residential options, the development is poised to become a coveted address for businesses and residents alike.
Spread over an impressive 21,800 square meters of land, Parktown Residence will be a mixed-use development that includes offices, retail shops, and residential units. The development is strategically located at the intersection of Tampines Avenue 10 and Tampines Central 7, making it easily accessible to both residents and commuters.
Apart from the commercial aspects, Parktown Residence will also offer a range of residential options, including apartments, duplex units, and penthouses. These units will be spread across three residential towers and will cater to various budgets and lifestyles. The apartments will have stunning views of the surrounding greenery, providing residents with a serene and tranquil living environment.
Moreover, with the completion of the upcoming Cross Island Line (CRL), Tampines will become even more connected and accessible, further enhancing the value of properties in the area. This makes Parktown Residence a lucrative investment option for buyers who are looking for a property with excellent connectivity.