Parc Central Residences

Premium Project by Hoi Hup Realty and Sunway Group at Tampines Ave 10. Launching in Q1 2021.

Last Updated: 2nd October 2020

Project Details
Project DetailsParc Central Residences Executive Condominium
LocationTampines Ave 10
DistrictD18
DeveloperHoi Hup Realty and Sunway Group
Site Area268,384 sq ft / 24,933.7 sqm
No. of Blocks11 Blocks
No. of Storeys16 Storeys
Site UseResidential Flat Developement
Tenure99-year leasehold
No. of UnitsApprox. 695 units
Expected Date of TOPEst. 2024

Parc Central Residences Price

Hoi Hup Realty and Sunway Group successfully secured the executive condominium (EC) site along Tampines Ave 10. The new Parc Central Residences EC sits an area of 268,384 square foot (24,933.7 square meter) land parcel and has a plot ratio of 2.8. With the top bid of  S$434.45 million, it works out to S$578 per square foot per plot ratio (psf ppr). According to the Housing and Development Board (HDB), it can yield a maximum of 695  units.

Based on the estimation, Parc Central Residences will have a break-even price of S$1000 psf ppr and an average selling price of S$1,050 to S$1,150 psf.

Parc Central Residences Price is coming soon. Register your interest to be notified the earliest!

3 BEDROOM (Incl. PH)

TBA

399 UNITS

872 – 1290 sqft / 81 – 118 sqm

4 BEDROOM (Incl. PH)

TBA

269 UNITS

1109 – 1485 sqft / 103 – 138 sqm

5 BEDROOM (Incl. PH)

TBA

32 UNITS

1432 – 1701 sqft / 133 – 158 sqm

Buyer's Stamp Duty

Buyer’s Stamp Duty (BSD)

Purchase Price or Market Value of the Property BSD Rates for Residential Properties BSD Rates for Non-Residential Properties
First $180,000 1% 1%
Next $180,000 2% 2%
Next $640,000 3% 3%
Remaining Amount 4%
Housing Loan Information

Residential Home Loan Regulations (MAS)

First Loan Second Loan Third Loan
Loan Tenure Up to 30 years 31-35 years Up to 30 years 31-35 years Up to 30 years 31-35 years
Age Age used to calculate loan tenure, will be based on income-weighted
Up to 65 Up to 70-75 Up to 70-75 Up to 65 Up to 70-75 Up to 70-75 Up to 65 Up to 70-75 Up to 70-75
Maximum LTV Limit 75% 55% 55% 45% 25% 25% 35% 15% 15%
20% (non-individuals)
Minimum Cash Downpayment 5% 10% 10% 25% 25% 25% 25% 25% 25%
Gaurantors / Co-borrowers All Co-borrowers must be mortgagors.
Guarantors must be co-borrowers if the latter did not pass the TDSR criteria
Mortgage Servicing Ratio N/A
Total Debt Servicing Ratio 60%
Stress Test Interest Rate 3.5%
Normal Payment Scheme

Also known as Progressive Payment Scheme, allows you to service your loan via monthly instalments progressively stage by stage as the property is being built.

Stage Payment Under a Standard Payment Scheme (% of Purchase Price)
Upon the grant of Option to Purchase 5% (Booking Fee)
Upon signing of the Sale & Purchase Agreement or within 8 weeks from the Option date 20% less Booking Fee
Completion of foundation work 10%
Completion of reinforced concrete framework of unit 10%
Completion of partition walls of unit 5%
Completion of roofing/ceiling of unit 5%
Completion of door sub-frames/ door frames, window frames, electrical wiring, internal plastering and plumbing of unit 5%
Completion of car park, roads and drains serving the housing project 5%
Notice of Vacant Possession (TOP) 25%
On Completion date 15%

Parc Central Residences Location

The new Executive Condominium (EC) is located at Tampines Ave 10. Parc Central Residences EC is the last piece of land located in the Tampines condo belt along with other condos such as Alps, The Tapestry, The Santorini, Q Bay, and Waterview.

Residents of the future Parc Central Residences can enjoy recreational fun at the nearby Bedok Reservoir. It’s within minutes’ drive to major expressway, like TPE, PIE and Bartley Viaduct. Live close to many reputable schools such as United World College of South East Asia (East Campus), Poi Ching Primary, St Hilda’s Primary, Temasek Polytechnic, just to name a few.

parc-central-residences-at-Tampines-Ave10-Near-Bedok-Reservior

Parc Central Residences EC at Tampines is located near to amenities and shopping centres as well such as IKEA, Courts Megastore, as well as Giant Hypermarket. It takes a 5-minute drive along Tampines Ave 10.

parc-central-residences-at-Tampines-Ave10-near-IKEA-GIANT-COURTS

Come to the Our Tampines Hub, residents of Parc Central Residences can explore lots of communal facilities such as the biggest library in the east, badminton courts, and bowling. To have more family fun, residents can go to the cinema at 2nd floor of OTH, Timezone at B1, or Rock Climbing. A morning brisk walk at level 5, having a delicious meal and buy groceries at the NTUC can be a good combination too!

parc-central-residences-at-Tampines-Ave10-near-Our-tampines-hub

And just a few minutes’ walk from Our Tampines Hub, there are three shopping mall, Tampines Mall, Tampines One, and the recently renovated Century Square. It is the place where residents in the east love a lot!

With so many commercial services, community services, and parks, that is why Tampines is one of the Singapore’s regional centres.

parc-central-residences-at-Tampines-Ave10-near-Century-Square
parc-central-residences-at-Tampines-Ave10-near-Tampines-mall
parc-central-residences-at-Tampines-Ave10-near-Tampines-1

Amenities @Parc Central Residences

What's nearby?
CatergoryAmenitesApprox Distance
MRT StationTampines MRT (EW2, DT32)1.3km
Tampines West MRT (DT31)1.6km
Bus StopsAFT TAMPINES AVE 5 (75371) Bus: 34, 580.2km
OPP BLK 871A (75151) Bus: 2N, 69, 2930.3km
AFT TAMPINES AVE 9 (75291) Bus: 27, 34, 58, 72, 1680.5km
SchoolsPoi Ching School0.5km
St Hilda’s School1.1km
United World College of South East Asia East0.2km
Shopping MallsOur Tampines Hub1.0km
Century Square1.5km
Tampines Mall1.6km
Tampines 11.6m
GroceriesNTUC (872 Tampines)0.2km
Food CourtHappy Hawkers (872 Tampines)0.2km
Recreation, CCs & ParksBedok Reservoir Park1.8km
Our Tampines Hub1.0km
Mega StoresIKEA, GIANT, COURTS1.8km

Tampines is home to a large part of the population in the East as an established regional centre, and a nexus of facilities catering to the employment, retail and recreational needs of residents. Residents can look forward to even more enhancements with new housing, parks and supporting amenities. The recently completed Downtown Line, a future Cross Island Line station and bus interchange at Tampines North, offer residents more comfortable and shorter commutes.

Want to know how Tampines Area is planned with the comprehensive range of facilities to meet the needs of current and future residents of Parc Central Residences? Check out the Tampines URA Master Plan.

Parc Central Residences Site Plan

Parc Central is a Sanctuary inspired by New York Central Park, which features Football field sized landscape with 80m lake pool, elevated gym, NYC steakhouse style gourmet dining.

Parc Central Residences Construction In Progress.

Parc Central Residences Construction Site
Parc Central Residences Construction Progress 5 Mar 2020

Parc Central Residences Floor Plan

The Parc Central Residences is designed to accommodate all your needs, a love nest for younger families or even multi-generational living. Luxurious fittings and finishes will be provided from Bosch and Hansgrohe.

Stay tuned for the floor plans of the units available in Parc Central Residences.

hausonhandycondo-download-pdf

Click the button above to view & download the Full Parc Central Residences Floor Plan.

How to read Floor Plan

Is floor plan easy to understand? Whereas it is exciting to read floor plans, compare them and hopefully make the decision, sometimes it can be confusing due to the many unfamiliar symbols and different types of lines. Armed with some basic knowledge, you will be able to gain more information from floor plans.

Doors

When reading floor plan, it is easier to first visualise yourself at the main door. That helps you better understand how living room, kitchen, bedrooms are connected.
Doors are quarter-circles on the floor plan. The arc of the door symbol indicates if the door swings inwards or outwards.

Windows

Windows are marked with thin hollow lines. There are two types of windows in Singapore – the sliding window and the casement window. The difference is that casement windows usually come in pairs.

Walls

You can quickly notice these bold lines and normal lines by looking at its thickness from the floor plan.

  • Bold lines are structual walls which cannot be hacked.
  • Normal lines are non-structual walls which usually can be safely removed. Non-structural walls seperate one room from another.

 

* For development using prefabricated structure, walls are indicated as normal lines but they cannot be hacked. You need to check the brochure if it is prefabricated units before planning any renovation work.

Facing

It is important to know the facing of doors and windows. The facing of North is usually indicated at the corner of the floor plan and is easier to tell directions from the site plan.

Symbols of door and windows on the floor plan and Their Meanings

parc-central-residences-floor-plan-symbols.jpg

Parc Central Residences Showflat

Direct-Developer-Sale

Location & Opening Hours

The Parc Central Residences showflat is targeted to open in H2 2020.

Kindly register your interest to receive latest update on showflat opening date and project details.

things-to-check

Before Visiting Parc Central Residences Showflat

  • It is advisable to check Eligibility Conditions for Parc Central Residences purchase.
  • How are you affected by the MSR(Mortgage Servicing Ratio)? You will need to know the bracket you are in. Find out more using the MSR calculator.
  • On the actual launch date, you will need to understand how the Balloting System works.

 

Alternatively, you may simply book an appointment by filling up the form below and let us contact you. Our experienced sales team is able to assist you throughout the process.

Register Interest

Register Interest @Parc Central Residences & Get VVIP Discount

Register Interest

Basic EC Eligibility Checklist

SC + SC/SPR
 Family Nucleus
 Household Income below $16,000
 Bought only one subsidised HDB flat or never
 5-year MOP met (for BTO only)
 Non-Ownership of Private Property (Local/Overseas)
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