Parc Central EC Fact sheet
|Project Name||Parc Central Residence EC|
|Developer||Hoi Hup Realty Pte Ltd and Sunway Development Pte Ltd|
|Developer Sales Hotline||65 6100 6150|
|Est Indicative Selling Price|
|Type Of Development||Executive Condominium|
|Address||Tampines Avenue 10|
|Postal District||D18 Pasir Ris / Tampines|
|Tenure||99 years leasehold|
|Land Area||268,384 sq ft|
|Max Gross Floor Area||751,482 sq ft|
|Gross Plot Ratio||2.8|
|No. Of Towers|
|No. Of Units||680|
|Bedroom Allocation||2-5 bedrooms|
|Description||Parc Central Residence EC condo is a 680 units of 2-5 bedrooms 99 years leasehold project, located at Tampines Avenue 10, developed by Hoi Hup Realty Pte Ltd and Sunway Development Pte Ltd and expected to TOP in 2023|
Parc Central EC Location
1456 Considered as the heart of Eastern Singapore, Tampines is a pioneering regional center in Singapore. It is connected to the city through major roads and expressways. The Central Business District of Singapore is merely a 21-minute drive away. Changi Airport can be reached in 15 minutes via car through PIE.
Parc Central Residence EC location is ideal for families or individuals that love outdoor activities. Just a few streets away, Tampines Central Park is accessible. The park was opened in the 1980s, integrating a relaxing green space amidst the residential estates in the area.
Two of the distinguishing features of the park are its fruit-themed playgrounds and a bronze Mother and Child sculpture by renowned Singapore artist Ng Eng Teng. The Mangosteen Playground and the Watermelon Playground are both iconic spaces for children to enjoy. They’re the brainchild of architect Lee-Loy Kwee Wah, who was inspired by the fruit farms that were once found in Tampines. The park also has footpaths, a fenced-off dog run, and exercise stations.
If you want more outdoor recreation facilities near Parc Central Residence EC, you can go to nearby Bedok Reservoir. It is a popular spot for joggers and water sports enthusiasts. The 88-hectare facility is a go-to place for dragon boat, wakeboard, and kayak activities.
There are also cycling and inline skating facilities. You can also go fishing or bird-watching in the area. Birds such as the white-throated kingfisher and white-breasted waterhen are known to populate the park. If you want more adventure, there is also an aerial tree obstacle course. There are also other nearby parks in the area such as the Tampines North Quarry Park, East Coast Park, and Sun Plaza Park.
Parc Central EC Developer
Hoi Hup Realty and Sunway Group were able to secure the EC site on Tampines Ave. 10. Hoi Hup Realty is an established niche property developer based in Singapore. Founded in 1983, they have a diversified portfolio of developments, including cluster-strata housing, mixed-use developments, executive condominiums, and landed housing. With 7,300 high-quality completed homes, the company is well-attuned to the changing needs of homeowners. With its high standards of building excellence, it has received more than 25 awards and accolades through the years.
Hoi Hup Realty has partnered with Sunway Developments Pte Ltd, a Malaysian conglomerate that specializes in master community development. It is a renowned brand that everyone trusts, providing safe and healthy communities to live in. Its goal is to make human settlements sustainable, inclusive, and resilient. For the 17th year running, it’s been ranked as Malaysia’s top 10 property developers.
Miltonia Residences also developed by Hoi Hup Sunway.
Rivercove Residences also developed by Hoi Hup Sunway.
Sophia Hillsalso developed by Hoi Hup Sunway.
Parc Central EC Floor Plan
Parc Central EC Floor Plan
Parc Central EC Amenities
Located near Parc Central Residence EC is Our Tampines Hub, the biggest integrated community and lifestyle hub in the country. It currently serves 250,000 residents. It is accessible through the Downtown Line (Tampines West, Tampines, Tampines East). Residents of the area can enjoy the following amenities:
- Arts Program
- Hawker Centre
- Retail Shops
- Other Activity Areas
- Sports and Fitness
- Beauty and Wellness
The Tampines library is a short walk from the shopping centers in the area. The library in Tampines is the biggest in the east. The Community Gallery is integrated with the library to raise awareness of arts, culture, and heritage in the community.
There are two large shopping centers located in the Tampines neighborhood:
- Tampines Mall
Close to the Tampines MRT station and bus interchange, Tampines Mall has cinemas, food and beverage outlets, and well-known shops. It also has learning centers for children such as Artary (Art Education) and Confucius Mandarin (Language Courses).
The newly-renovated Century Square has 6 stories of retail space including restaurants, shopping outlets, and a spacious food court.
- Tampines 1
Opened in 2009, Tampines 1 is an alternative mall, a haven for fashionistas and those who love following trends. It has a total of 179 retail outlets including Cold Storage, Uniqlo, and Challenger.
There are also convenient transport amenities such as the recently completed Downtown Line, the future Cross Island Line, and the Tampines North.
Parc Central EC near Tampines
Parc Central EC near Tampines Mall
Parc Central EC near white sands mall
Parc Central EC besar near Wild Wild Wet
Parc Central EC near Century Square
Parc Central EC near Cold Storage Tampines
Parc Central EC near DOWNTOWN EAST
Parc Central EC near Elias Mall
Parc Central EC near Escape Theme Park
Parc Central EC near Giant pasir Ris
Parc Central EC near loyang Point Complex
Parc Central EC near NTUC FAIRPRICE TAMPINES BLK 138
Parc Central EC near Pasir Ris Town Park
Parc Central EC near ShengSiong Elias
Parc Central EC Investment Opportunities
With upcoming enhancements expected in Tampines in the next couple of years, residents of Parc Central Residence EC can expect a great quality of life living in the area. Parc Central Residence EC is also located in a mature estate which means that there are already established building and institutions in the area. Furthermore, there is a limited supply for this asset class in the eastern part of the island, increasing the demand for it.
School Near Parc Central EC
Tampines is a great residential area with several good schools:
Located in Tampines, this school’s motto is to produce “Lifelong Learners and Exemplary Leaders”. It nurtures leaders of character in the following areas: English Language, Mathematics, Science and Food Science, Humanities, Physical Education, Craft and Technology, and Information and Communication Technology.
This tertiary educational institution offers a variety of courses for Applied Science, Business, Design, Humanities and Social Sciences, and Engineering. It also has an overseas student internship program.
- Hilda’s Primary School
Located right in front of Parc Central EC, St. Hilda’s Primary School, this school aims to nurture servant leaders and changemakers of tomorrow. At St. Hilda’s an excellent educational background is always anchored on godly values. This Anglican school is committed to finding a balance in the development of one’s mind, body, and spirit.
Parc Central EC Facilities
With a diverse unit mix, investors will have several choices:
- 2-bedroom + study
Parc Central Residence EC
Parc Central Residence EC pool
Parc Central Residence EC facilities
Parc Central EC Pricing
If you’re interested in purchasing a unit at Tampines Ave. 10, you need to meet the basic executive condominium (EC) eligibility requirements which include the following:
- Household income should be below S$16,000
- Purchased only one subsidized Housing Development Board (HBD) flat or never
- Met 5-year minimum occupancy period (MOP)
- No private property in Singapore or abroad.
Purchasing an EC also means that banks have to calculate your MSR or Mortgage Servicing Ratio. MSR is calculated at 30% of a borrower’s gross income. You can also finance the EC via normal payment plan or deferred payment scheme. In case you previously purchased a new flat from HDB, DBSS, or EC from a developer, you need to find out if you need to pay a resale levy.
Since it had the top bid of S$434.45 million, it will cost about S$578 per square foot per plot ratio. When calculated, it will yield a break-even price of S$1,000 per square foot per plot ratio. This means that its average selling price is estimated to be between S$1,050 to S$1, 150 per square foot per plot ratio.
Parc Central EC Review
- Within the residential hub of Tampines
- Close to several convenient amenities – supermarkets, malls, banks, restaurants, fast food chains
- Close to many schools
- A myriad of facilities catering to the retail and recreational needs of residents
- Located in a much sought-after residential neighborhood
- Proximity to Our Tampines Hub community center
- Lush, green parks are close by: Bedok Reservoir Park, East Coast Park, Tampines North Quarry Park, etc.
- Changi International Airport is only a 15-minute drive