Parc Central Residences - Some basic background to know

Hoi Hup Realty Pte Ltd's JV with Sunway Group won the tender for the coveted EC site located 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 is planning to develop a luxury EC development Parc Central Residences of about 700 units on this 24,938sqm site which can yield up to a maximum of 69,829sqm GFA. The place provides a rare opportunity to develop a luxury EC development within a matured estate. Bear in mind, 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.

The site 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 matured regional shopping malls. These malls include Tampines Mall, Tampines 1, and Century Square.

Not to forget the 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.
The new EC, named Parc Central Residneces, is estimated to be launched in 2nd half of 2020.
*Tampines is a planning area and residential town in the geographical region of Tanah Merah located along the south-eastern coast of the East Region of Singapore. The planning area is connected by Bedok and Paya Lebar to the west, Pasir Ris to the north, Changi to the east and the Singapore Straits to the south. Tampines New Town is located in the northern portion of Tampines planning area. Tampines is the 3rd largest new town in Singapore by area, covering over 2089 hectares of land and also is the 3rd most populated new town, following Bedok and Jurong West. It is the regional centre for the East Region.