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UOL-CapitaLand moves 1,041 units at ParkTown Residence on launch day; average price achieved of $2,360 psf

Cecilia Chow
Cecilia Chow • 4 min read
UOL-CapitaLand moves 1,041 units at ParkTown Residence on launch day; average price achieved of $2,360 psf
Crowd at ParkTown Residence sales gallery, which drew over 10,000 visitors on its preview weekend (Photo: UOL-CLD)
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On Feb. 23, joint developers UOL Group and CapitaLand Development (CLD) announced that during the launch weekend of ParkTown Residence in Tampines North, they sold 1,041 units—over 87% of the total 1,193 units.

According to Anson Lim, UOL's general manager of residential marketing, the project achieved an average price of $2,360 psf. Most buyers were either Singaporean homebuyers or investors.

At ParkTown Residence, two-bedroom and three-bedroom apartments comprise 994 units (83%) of the project. These were the most popular unit types, with 92% snapped up over the weekend.

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