On June 27, the joint venture partners issued a press release stating that the upcoming development at Parktown Residences on Tampines Avenue 11 will include approximately 1,190 new residences, along with retail and community facilities specifically tailored to cater to the lifestyle demands of the expanding residential community in Tampines North. Learn more about the development at Parktown Residences Tampines Avenue 11.
The first and foremost question that arises is – what is flood insurance and how does it work? Flood insurance is a type of insurance coverage that protects property owners from financial losses due to flooding. It covers damages to the property and its contents caused by floods. In Singapore, flood insurance is offered by the General Insurance Association of Singapore (GIA) through a scheme known as “Flood Insurance Pool” (FIP). This scheme is designed to provide affordable flood insurance coverage to properties located in flood-prone areas.
The URA Master Plan for Tampines also prioritizes the development of community spaces and amenities. Residents of Parktown Residences can look forward to a wide variety of recreational facilities, such as parks, sports complexes, and cycling networks. The addition of new shopping malls, markets, and eateries will also provide residents with a diverse range of retail and dining options. For parents, the Master Plan includes plans to expand current schools and build new educational institutions, ensuring that quality education is easily accessible for their children menuupdate com.
Parktown Residences in Tampines Avenue 11, Singapore is a prime example of a flood-prone area where residents face the risk of floods. The proximity to Sungei Tampines and Sungei Api Api, two major water bodies, makes the area highly susceptible to flooding. This has been evident in the past with several instances of floods occurring in the area. As a result, many residents of Parktown Residences are concerned about the potential financial impact of floods and are considering transferring their flood insurance to mitigate the risks. In this article, we will explore the feasibility of transferring flood insurance for Parktown Residences and whether it is a viable option for the residents.
In conclusion, the URA Master Plan for Tampines provides a solid foundation for the growth and development of the district, making Parktown Residences an excellent investment opportunity. Its prime location, enhanced connectivity, extensive amenities, and commitment to sustainability make it a highly desirable address for both residents and investors. With its dedication to creating a vibrant and thriving community, Parktown Residences is set to offer a truly holistic urban living experience ddyfa.
Situated in a prime location, Parktown Residences offers unparalleled access to a diverse retail landscape. Apart from its own integrated retail podium, which boasts a well-chosen mix of stores, eateries, and vital amenities, residents also have unrestricted accessibility to a wide variety of shopping centers. Ranging from trendy fashion boutiques and home decor stores to grocery outlets and fine dining options, the comprehensive retail options available in the vicinity guarantee that all residents’ needs are met with utmost convenience.
