Parc Central Residences Executive Condo (EC)

Estimated launch date: 2nd half of 2020

Developed by Hoi Hup & Sunway.

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Long-awaited EC in Tampines will be launching soon in 2020!

The Parc Central Residences EC site at Tampines Avenue 10 was launched for sale by the Housing Development Board in the Government Land Sales Programme in 2018. Hoi Hup Realty Pte Ltd’s JV with Sunway Group offered the highest bid of S$434.4m, or S$578 psf of GFA, and was awarded the site for development. Hoi Hup Realty have been awarded the BCI Asia Top Ten Developers Award for 3 consecutive years. Register your interest now. 

Did You Know?
An Executive Condo is indistinguishable from a private condo.
But it can be up to 30% lower!


See section on Benefits of buying an EC below.

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Parc Central Residences Factsheet

Project Name Parc Central Residences
District 18
Address of Development Tampines Avenue 10
Project Developer Hoi Hup Realty and Sunway Developments
Developer Sales Hotline +65 9009 1172
Site Area 24,938 sqm / 268,632 sqft 
Gross Floor Area 69, 828 sqm / 751,632 sqft
No of Blocks TBA
No of Floors TBA
No of Units up to 700
Unit Types Likely a mix of 2 to 5 bedroom Units
Tenure 99 Years Leasehold
TOP TBA
Eligibility SC-SC / SC-SPR. See Eligibility.

 

Unit Type No of Units Size (sqft)
2-Bedroom TBA TBA
3-Bedroom TBA TBA
4-Bedroom TBA TBA
5-Bedroom TBA TBA
TOTAL Est 700 Units

Actual Location

Parc Central Residences Latest Updates

Date  Update
21 Feb 2020 Register your interest to preview Parc Central Residences EC now! Preview and Booking dates to be announced. 
20 Feb 2020 Now seeking indication of interest, pending approval for sale. Get direct developer prices & limited-time early-bird discounts.
16 Feb 2020 Announcement: New Tampines EC to be named Parc Central Residences.
11 Sep 2019 EC Income Ceiling raised to $16,000, effective immediately.
15 Jan 2019 Hoi Hup successfully secures the coveted EC site at Tampines Ave 10.

 

Benefits of Buying an EC

ECs Are Full Suite Condos
Although ECs are allotted and regulated by the government, they are built by private developers. As such, they tend to be indistinguishable from private condos. ECs come with the usual condo facilities such as guarded security, swimming pools, clubhouses, playgrounds, gym and more.
ECs are Highly Subsidised
There are Grants too!
A Great Investment!
Payment Schemes
Upgraders Don't Have To Pay ABSD
Upgraders Need Not Sell First
Priority Scheme for First-Time Buyers
It's a Privilege!

Amenities Near Parc Central Residences EC

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The site where Parc Central Residences will be developed lies within a short 
distance to a wide variety of amenities. This includes the Tampines Town Hub, Singapore’s first-ever integrated community and lifestyle hub, which provides a number of sports and community facilities, offices, educational institutions and regional shopping malls. Notable malls in the area are Tampines Mall, Tampines 1 and Century Square. 

The location is also 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. 

MRT Stations:
Tampines West Station (5 mins drive)
Tampines Downtown Line 

Shopping Malls / Integrated Hub:
Our Tampines Hub (7 mins)
Tampines Mall (6 mins)
Tampines 1 (5 mins)
Century Square

Nearest Stores:
NTUC Fairprice (St 86) - est. 300m (3 mins)
NTUC Fairprice (St 83) - est. 500m (5 mins)
Cold Storage @ Tampines 1 (5 mins)

Reputable, Good Schools:
United World College of South East Asia (3 mins)
Junyuan Secondary School (2 mins)
Springfield Secondary School (5 mins)
Poi Ching School (5 mins)
St. Hilda Pri & Sec Schools
Junyuan Primary School
East View Primary School
Tampines Pri & Sec Schools
Temasek Polytechic

Expressways:
Tampines Expressway (TPE)
Pan Island Expressway (PIE)

Lifestyle / Recreation / Parks:
Bedok Reservoir & Park (7 mins)
SAFRA Tampines (10 mins)
Tampines Central park
Sun Plaza Park
Tampines Quarry

Floor Plans, Site Plan & Facilities

Site Plan

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The Parc Central Residences EC site plan will show you the layout of the development, such as the location of blocks and condo facilities. You can also use the site plan to see the general orientation of the blocks (eg whether they are in-facing or out-facing; site location in relation to surrounding features, etc), among other things.

Facilities

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Parc Central Residences EC is anticipated to come with a wide range of exciting facilities that buyers have come to expect. These will probably include a grand lobby, 50m lap pool, gardens, kids pool, BBQ / grill station. You will notice that the EC facilities are what private condos tend to offer its residents. 

Floor Plans

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Parc Central Residences EC will offer something for everyone, from young couples to families with children, as well as multi-generation families. As such, several well-planned layouts are available, from 2 bedrooms, 3 bedrooms, 4 bedrooms, and 5 bedrooms Penthouses. Click the button below to view the floor plans of these units.

Why Buy Parc Central Residences EC?

Transport Convenience

Location and convenience has an impact on the valuation of properties. Parc Central Residences is a short distance away from Tampines West MRT. Further, residents who drive can use these arterial highways to travel quickly to just about any part of Singapore: Tampines Expressway (TPE) and Pan Island Expressway (PIE). Orchard Rd is only about 25 mins away!

Developer's Reputation

Residents of Parc Central Residences can be assured of quality and good workmanship. Hoi Hup, the developer, has been awarded the BCI Asia Top Ten Developers for three consecutive years. The company has to-date developed several ECs in recent years. The last EC by Hoi Hup & Sunway, Hundred Palms, was fully sold out on booking day within 7 hours! Rivercove Residences EC sold approximately 80% on booking day. This is testament to the trust buyers have for this developer as it means peace of mind to them.

Amenities A Stone's Throw Away

Parc Central Residences EC is located within a rejuvenated, mature estate and residents can therefore enjoy a wide range of amenities in the immediate vicinity. Eg. these are within about 300m: eatery (Happy Hawkers), NTUC Fairprice, confectionery, dental surgery, optical shop, etc. Bedok Reservoir is 1km down the road and several schools are 5 - 8 mins drive away. 

Low Entry Price

ECs are normally priced 20% to 30% lower than comparable private condominiums. On top of that, eligible buyers may also receive CPF housing grants of up to $30,000. Buying during launch gives buyers the lowest possible entry price to a development. Furthermore, upgraders do not have to pay ABSD; they are allowed to take up Deferred Payment Scheme (DPS) and continue living in their present HDB units. These benefits are only for EC buyers - something that Singaporeans can enjoy.

Smart Home Features

Foreward-looking developers like Hoi Hup Realty have been integrating Smart Home systems in their projects, offering residents greater control over their units, including security, entertainment, lighting system and climate control. Owners like the ability to monitor their homes while they are away from it and keep an eye on their loved ones to ensure that they are safe at all times.

Capital Appreciation

Historically, it has been shown that buyers of ECs stand to make larger profit margins when their units are sold, due largely to the lower entry prices that Singaporeans enjoy. For example (although not indicative of future developments), buyers of Prive EC units (near Punggol MRT) who bought at launch in Jan 2011 around $5xx to $6xx psf have sold upon MOP around $739 - $1,060 psf. This translates to a profit of between $300,000 to $500,000! Other EC buyers have similarly made gains when selling.

Register To Visit Our Showflat

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By Appointment

The Parc Central Residences show gallery is located along Tampines Grande, around 400m from Tampines MRT station; it is currently under construction. Typical opening hours are expected to be from 10:00am to 7:00pm. The show gallery will include full-sized demo units that are fully renovated (interior decoration) and furnished to give potential buyers an idea of the layout and design possibilities.

To visit the show gallery, please register with us. Simply call/whatsapp/text to +65 90091172 or +65 94884904 to receive an official invite on your phone. Registration will also enable us to determine your eligibility and send you important information regarding the project, including floor plan updates, price releases, etc.

EC e-Application

Submit Your e-Application For Eligibility Checking & Priority Preview

 

An e-Application is a simple online submission that allows our team to carry out an eligibility pre-assessment. If you are eligible and keen to move forward, we will guide you in selecting your prefered unit and prepare the necessary official document for submission. 

Note: The process is risk-free:

The discussion regarding your EC eligibility & your requirements, budget, bank loan arrangements, purchase procedures, preparation of submission documentation etc is completely Free of cost to you - and you may safely withdraw at anytime before signing the Option To Purchase (OTP) document. You have nothing to lose!  The purchase of an EC is one of the best decisions a Singaporean can make.

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"Generally, ECs is considered a privilege for the locals. If you are able to meet the criteria, especially the income factor, it is always a good idea to buy, be it for staying or investment."
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