Pinery Residences, a new integrated development in Tampines, has achieved a remarkable 92.5% sales rate during its launch weekend, selling 544 units. This makes it the best-selling integrated development by percentage in the area, according to Huttons Asia CEO Mark Yip. The project, with an average selling price exceeding $2,500 per square foot, highlights the strong market acceptance for such developments.
Located above Pinery Mall and directly connected to Tampines West MRT station, Pinery Residences offers unparalleled convenience. The MRT station, part of the Downtown line, provides easy access to the Central Business District and the Tampines Regional Centre, with Changi Airport just five stops away. The development is also within 1km of four primary schools, including Junyuan Primary School and St Hilda’s Primary School, making it attractive to families.
The launch follows a similar success for Rivelle Tampines, which also sold 92.5% of its units a week earlier. This trend underscores the popularity of Tampines as a residential location, with its strong locational attributes and the appeal of integrated developments. Yip noted that such projects offer good capital upside potential and high rentability.
The development attracted both owner-occupiers and investors, with all two-bedroom units sold out and only one three-bedroom unit remaining. Huttons Data Analytics estimates an 80:20 mix of owner-occupiers to investors. Pinery Residences is strategically positioned near major employment hubs like Tampines Regional Centre and Changi Business Park, further enhancing its appeal.
