588-unit Pinery Residences sells 92.5% of units at over $2,500 psf average on launch day

Gerine Tang Yi Qian03-28

All two-bedroom and four-bedroom units were sold out at launch, while only one three-bedroom unit remained unsold. Pinery Residences, a new integrated private residential development in Tampines West ...

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Pinery Residences, a new integrated private residential development in Tampines West ...</p>\n\n<a href=\"https://www.theedgesingapore.com/cityandcountry/new-launches/588-unit-pinery-residences-sells-925-units-over-2500-psf-average-launch?utm_source=Blog&utm_medium=RSS&utm_campaign=Tiger_Brokers_app_RSS\">Source Link</a>\n\n</div>\n","source":"edge_highlight","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>588-unit Pinery Residences sells 92.5% of units at over $2,500 psf average on launch day</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\n588-unit Pinery Residences sells 92.5% of units at over $2,500 psf average on launch day\n</h2>\n\n<h4 class=\"meta\">\n\n\n2026-03-28 13:41 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.theedgesingapore.com/cityandcountry/new-launches/588-unit-pinery-residences-sells-925-units-over-2500-psf-average-launch?utm_source=Blog&utm_medium=RSS&utm_campaign=Tiger_Brokers_app_RSS><strong>Gerine Tang Yi Qian</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>All two-bedroom and four-bedroom units were sold out at launch, while only one three-bedroom unit remained unsold. Pinery Residences, a new integrated private residential development in Tampines West ...</p>\n\n<a href=\"https://www.theedgesingapore.com/cityandcountry/new-launches/588-unit-pinery-residences-sells-925-units-over-2500-psf-average-launch?utm_source=Blog&utm_medium=RSS&utm_campaign=Tiger_Brokers_app_RSS\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"EC","symbol_name":"哥伦比亚国家石油","start_time":0,"source_url":"https://www.theedgesingapore.com/cityandcountry/new-launches/588-unit-pinery-residences-sells-925-units-over-2500-psf-average-launch?utm_source=Blog&utm_medium=RSS&utm_campaign=Tiger_Brokers_app_RSS","article_id":"2623233113","we_media_id":null,"thumbnails":[],"rights":{"source":"edge_highlight","url":"https://www.theedgesingapore.com/cityandcountry/new-launches/588-unit-pinery-residences-sells-925-units-over-2500-psf-average-launch?utm_source=Blog&utm_medium=RSS&utm_campaign=Tiger_Brokers_app_RSS","rn_cache_url":null,"directOrigin":true},"url":"https://stock-news.laohu8.com/highlight/detail?id=2623233113","pubTimestamp":1774676468,"columns":[],"sourceInfo":{"source_id":"edge_highlight","name":"Edge"},"weMediaInfo":null,"summary":"All two-bedroom and four-bedroom units were sold out at launch, while only one three-bedroom unit remained unsold. ","collect":0,"end_time":0,"defaultTopTitle":"theedgesingapore.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"EC":"哥伦比亚国家石油","BK4201":"综合性石油与天然气企业"},"translate_title":"拥有588套单位的Pinery Residences在推出当天售出了92.5%的单位，平均售价超过2,500美元/平方英尺","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"EC":1},"content_text":"All two-bedroom and four-bedroom units were sold out at launch, while only one three-bedroom unit remained unsold. Pinery Residences, a new integrated private residential development in Tampines West by joint developers Hoi Hup Realty and Sunway MCL, sold 544 units — or 92.5% of its total units — at its launch on March 28, at an average selling price of over $2,500 psf, according to Huttons Asia. \nCity & Country understands from property agents that the project was about 2.2 times oversubscribed based on the number of cheques received before launch.\nThe take-up rate makes it the “best-selling integrated development in Tampines by percentage”, according to Mark Yip, CEO of Huttons Asia. \"With an average selling price exceeding $2,500 psf and an exceptional 92.5% take-up rate, the project demonstrates strong market acceptance for integrated mixed-use developments.”\n“All two-bedroom and four-bedroom units were sold out at launch, while only one three-bedroom unit remained unsold,” adds Yip. Huttons Data Analytics estimates a buyer mix of around 80% owner-occupiers and 20% investors.\nDemand for Pinery Residences is supported by multiple buyer segments, says Marcus Chu, CEO of ERA Singapore. \nAround 57% of the units at Pinery Residences are three-bedroom and larger configurations, which appeal to families and HDB upgraders seeking more space. Approximately 42% of the units comprise two-bedroom units, providing options for singles, young couples and dual-income households.\nJust a week earlier, Sim Liam’s Rivelle Tampines executive condominium (EC) also sold 92.5% of its 572 units. Rivelle Tampines recorded an average price of $1,893 psf at its March 21 launch.\nThis shows the “strong locational attributes” of Tampines and the popularity of integrated developments and Tampines town in the eyes of buyers, says Yip. “Such developments have good capital upside potential and high rentability.”\nPinery Residences is located above Pinery Mall and is directly connected to Tampines West MRT Station via an underpass. The station on the Downtown Line connects residents to the Central Business District and Tampines Regional Centre. \nWithin 1km of Pinery Residences are four primary schools: Junyuan Primary School, St Anthony's Canossian Primary School, St Hilda's Primary School and Tampines Primary School.\n“As an integrated development with direct connectivity to both a retail mall and MRT station, Pinery Residences offers a level of convenience that is highly valued by modern homebuyers,” says Chu.\nIntegrated developments have traditionally attracted high demand due to their seamless live-work-play environment. For instance, Parktown Residence, an integrated development in Tampines, achieved strong take-up with about 87% of its units sold at launch in February 2025, notes Chu.\nThe 1,193-unit Parktown Residence has since seen sales steadily increase to approximately 96%, according to ERA. “This reflects the ongoing appeal of integrated developments in the area, and similarly strong interest has been observed for Pinery Residences,” says Chu. \n“With no upcoming GLS sites in Tampines and a limited pipeline of new launches in the East for 2026, Pinery Residences is entering the market at a time of tightening private housing supply in the region,” says Chu. “Beyond this development, only one more new private home launch is expected in the East this year, reinforcing the scarcity of new options for buyers.”\n“Against this backdrop, Pinery Residences could be among the last few new launches in Tampines in the near term, positioning it well to capture pent-up demand. Strong early interest suggests it is already capturing this pent-up demand. This is supported by the strong take-up rates seen across District 18 launches in 2025, reflecting sustained buyer confidence in homes in the East,” Chu adds.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":false,"need_login_tip":false,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"tenantId":"TBGLOBAL","deviceId":"web-server-community-laohu8-v3","version":"4.42.0","shortVersion":"4.42.0","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2623233113","isCrawlerRequest":true}