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District 18 · Tampines · OCR

Parktown Residence

Tampines Street 62 · Apartment · 99 yrs lease commencing from 2023

Current PSF
$2,325
+66.7% vs district median
Gross yield
-
3-year gain
0.0%
Transactions · 5y
1,165
75 in last 12 months
Nearest MRT
Tampines Mrt Station · 1,411.609m
DTL,EWL
Future MRT
Tampines North Mrt Station
CRL · 2030
Vs local HDB
+276% premium
HDB median $618 psf
Area income
$9,500/mo median
commercial zone
En-bloc potential20 / 100
3 years old · composite of plot use, age, tenure, value gap & size
Lease decay96 years left
worth 95.7%of freehold today (Bala’s Table) · loses ~2.4pts of freehold value over the next decade
Tenanted
100%
units with active leases
Rent momentum
-
latest 2 qtrs vs year ago
Sub-sales
0.0%
flip ratio, last 24 months
Price spread
4%
PSF dispersion within project
3D →
Tampines Street 62, District 18 · 1 km P1 ring · mrt · school · food · park · mall · health · zones: parks, commercial, reserve - hover
The neighbourhood
P1 ring
Angsana Primary School 381m · Phase 2C 2.8× balloted - inside the 1km priority ring; Phase 2C demand is last year’s applicants ÷ vacancies (MOE)
Secondary
Meridian Secondary School · 1.2km
Food
Tampines North Hawker Centre · 0m
Green
Tampines Boulevard Park · 523m - 2 parks within 1km
Mall
Elias Mall · 1.4km
Health
Tampines North Polyclinic (polyclinic) · 389m

Who lives in Tampines

Census of Population 2020 · planning-area aggregates · SingStat via data.gov.sg

Residents
259,900
Median age
41 yrs
48% under 40 · getting older
Children 0–9
23,220
▼ 1% since 2015 · future P1 demand
Household size
3.3 avg
Homes
87% HDB
11% condo · 2% landed
Degree holders
28%
residents 15+
Commute
59% transit
18% drive
45 min+ to work
28%

The launch, by the record

developer sales + new-sale caveats · URA - the numbers a brochure won’t print

Sold to date
1164 / 1193
98% taken up · 26 '06
Median price
$2k
$2k$2k band
Unit sizes sold
947 sqft
4631679 sqft range
Still available
29
units unsold
Take-up over time · cumulative units sold
1193025 '0225 '0525 '0825 '1126 '0226 '0526 '06
What actually sold · by strata size (sqft)
463666
97
666869
160
8691072
146
10721275
147
12751478
53
14781679
41

Strata areas here follow the post-June-2023 GFA harmonisation (AC ledges, void spaces excluded), so this project’s PSF runs a few percent “higher” against older stock measured the old way. A like-for-like PSF comparison to pre-2023 resales isn’t apples-to-apples.

What the record shows

The early buyer’s position

Buyers who bought from the developer in 2025 paid an average of $2,364 psf (598 sales). At today’s $2,325 psf, they are down 2% on paper.

The floor premium

Over the last 3 years, units on the 10th floor and above transacted at a median $2,413 psf - 5% above units on floors 1–5 ($2,292 psf).

Price trend average PSF by year

2025
$2,364
2026
$2,318
-1.9%

Recent transactions URA, latest 10

DatePriceArea (sqft)PSFFloor
Jul 2026$2,759,0001,184$2,33006-10
Jun 2026$2,679,0001,184$2,26301-05
May 2026$2,812,0001,184$2,37511-15
May 2026$2,666,0001,184$2,25201-05
Apr 2026$3,973,0001,679$2,36606-10
Apr 2026$3,307,0001,496$2,21001-05
Apr 2026$3,256,0001,496$2,17601-05
Apr 2026$2,785,0001,184$2,35206-10
Apr 2026$2,746,0001,184$2,31906-10
Apr 2026$2,733,0001,184$2,30806-10
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More in District 18

The HDB blocks next door

The entry point, measured: what the resale flats around Parktown Residence actually sell for - this project trades at 3.0× the nearest block’s PSF.

Data: URA private residential transactions & rentals (5-year window, updated weekly), data.gov.sg, OneMap, LTA DataMall. PSF and yield figures are computed from actual transactions and rental contracts - not estimates.
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Data: URA, HDB & SingStat (via data.gov.sg), OneMap © SLA, LTA DataMall, MOE - used under the Singapore Open Data Licence.