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Pinery vs Parktown: $1.93M Gets You A 3-Bedder At One, $2.71M At The Other

Same district. Same TOP year. Both 99-year leasehold and connected to MRT. The two Tampines new launches sit $200K-$500K apart on most family configurations because they sit in two different micro-markets on two different MRT lines.

MJ
Founder, Review Homes SG
Updated
7 May 2026
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20 min
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Pinery vs Parktown: $1.93M Gets You A 3-Bedder At One, $2.71M At The Other
Area Comparison · Tampines
TL;DR

Pinery Residences and Parktown Residence both TOP in Tampines in 2030, both connect directly to MRT, both run 99-year leasehold. They are not the same product. Pinery starts at $1.93M for the 3BR floor, Parktown's 3BR median is $2.71M, and the gap holds across most family configurations. Pinery wins on price and Downtown Line access today. Parktown wins on common-room sizes, tiered finishes, and the Cross Island Line that opens with TOP in 2030. The right pick depends on whether you optimise for Pinery's value or Parktown's product.

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Pinery Residences vs Parktown Residence side-by-side facade comparison showing Pinery Mall on left and Parktown podium on right, Tampines District 18 Singapore

Pinery vs Parktown: You've Shortlisted Both

Two Tampines new launches. Both 99-year leasehold in District 18. Both expected to TOP in 2030. Both directly connected to an MRT. From the outside, Pinery Residences and Parktown Residence look like neighbours competing on the same playing field.

Spend an afternoon in each showflat and you stop seeing competitors. You see two different products that happen to share a postcode.

Pinery Residences is a 588-unit mixed-development at the edge of mature Tampines, sheltered to Tampines West MRT on the Downtown Line, with a 121,000 sqft mall directly underneath. 3-bedrooms started at $1.93M and the launch sold over 90% in a single day.

Parktown Residence is a 1,193-unit integrated development in Tampines North, lift-down to the future Tampines North MRT on the Cross Island Line, with a 13,600 sqm retail podium that includes a 40-stall hawker centre. 3-bedrooms transact at a median of $2.71M across 62 deals in the past year.

Same district. $200K-$500K apart on most family configurations. Two different MRT lines headed in two different directions. Two micro-markets within Tampines that buyers respond to differently. This page is the breakdown the showflat agents do not give you — URA transaction data on both sides, floor plans lined up, and a verdict that does not pretend one project is "better." Pick the right product for the right buyer and you are fine. Pick the wrong one and the gap is permanent.

Pinery vs Parktown — Two Tampines Micro-Markets

District 18. Pinery on the Downtown Line, Parktown on the Cross Island Line.

Tap or hover over any dot for details

How We Review: The QPE Framework

QPE Framework diagram showing Quality Price and Exit strategy analysis used for Singapore condo reviews at reviewhomes.sg

Every review on this site runs through our QPE framework — Quality, Price, Exit.

Quality covers developer track record, land size, layouts, MRT access, views, and facilities. Price examines total price (not psf) and how it compares against what the market has tested — is there a price gap, or are you paying above proven territory? Exit asks who buys from you when it is time to sell, what the demand pool looks like, and what competing supply exists at resale.

Pinery Residences scored 9/10 in our full review (Quality 4, Exit 4, Price 1). Parktown Residence scored 7/10 in our full review (Quality 4, Exit 3, Price 0). Both pass on Quality. The split is on Price and Exit, and that is what this comparison is about.

Pinery vs Parktown: The Side-By-Side Spec Table

Quick reference covering the top-line specs.

Spec Pinery Residences Parktown Residence
District D18 (Tampines West) D18 (Tampines North)
Total units 588 (6 blocks, 14 storeys) 1,193 (12 blocks)
Tenure 99-year leasehold 99-year leasehold
TOP 2030 June 2030
Developer Hoi Hup Realty + Sunway MCL UOL + CapitaLand + SingLand
MRT line Downtown Line — operational since 2017 Cross Island Line — opens with TOP
MRT access Sheltered link to Tampines West MRT (DT31) Lift-down to Tampines North MRT (CR5)
Land size 18,292 sqm / 196,893 sqft 35,550 sqm / 382,658 sqft
Land cost n/a (private sale) $885 psf ppr
Retail Pinery Mall — 121,000 sqft 13,600 sqm podium with 40-stall hawker centre
Facilities deck Three zones (Vitality, Family, Play) 1,467 sqm — dual gyms (210 sqm), four function rooms, two KTV rooms
Finishes Single standard across all units Tiered (Tier 1 / Tier 2 / Tier 3 by unit size)
PSF range $2,300-$2,500 (launch range) $2,200-$2,400 (transacted)
3BR entry $1.93M (807 sqft, launch floor) $2.224M (947 sqft, low floor)
3BR median $2.42M (138 transactions captured) $2.71M (62 transactions, last 12 months)
4BR entry $2.63M (1,141 sqft) $2.879M (1,335 sqft, low floor)
Launch result 90%+ sold day one (March 2026) Selling since Feb 2025, family-skewed mix

The headline difference: Parktown's site is roughly twice the size of Pinery's, with roughly twice the units. Density per unit is similar (both are mid-density mixed-use towers), but the absolute scale of facilities, mall, and walking grounds inside Parktown is bigger. So is the price.

Pinery vs Parktown Price: The Like-for-Like Comparison

This is the table every cross-shopping buyer wants first. We pulled both projects' transacted ranges and lined them up by configuration.

Unit Type Pinery Residences Parktown Residence Difference
1BR + Study not offered $1.225M-$1.268M (506 sqft) Parktown only
2BR $1.498M-$1.778M (624-667 sqft, median $1.66M) $1.402M-$1.94M (592-764 sqft, median $1.73M) Comparable; Parktown slightly higher on median
2BR + Study $1.61M-$1.78M (700 sqft) ~$1.94M (764 sqft) Pinery $150K-$300K cheaper
3BR $1.93M-$2.20M (807-872 sqft) $2.224M-$2.71M (947-1,184 sqft) Pinery $300K-$500K cheaper
3BR + Study $2.43M-$2.87M (1,055 sqft) $2.578M-$2.749M (1,163-1,184 sqft) Pinery cheaper at the floor; Parktown 100-130 sqft larger
4BR $2.63M-$3.21M (1,141-1,237 sqft) $2.879M-$3.253M (1,335-1,356 sqft) Pinery $250K cheaper; Parktown 200 sqft larger
4BR Premium $3.20M+ (1,389 sqft) $3.256M-$3.570M (1,485-1,496 sqft) Comparable price; Parktown 100 sqft larger
5BR $3.59M-$3.71M (1,475 sqft, median $3.65M) $3.781M-$3.993M (1,679 sqft, median $3.91M) Pinery $200K-$300K cheaper; Parktown 200 sqft larger

Source: URA REALIS, last 12 months. Pinery data covers launch transactions Mar-Apr 2026 (335 transactions across 4 bedroom buckets). Parktown data covers Feb 2025 to Apr 2026 (100 transactions across 5 bedroom buckets).

Median price by bedroom — Pinery vs Parktown
Higher number = more expensive. Bar length is proportional to median price across last 12 months of transactions.
Pinery Residences
Parktown Residence
2BR
$1.66M
$1.73M
+$70K Parktown
3BR
$2.42M
$2.71M
+$290K Parktown
4BR
$3.04M
$3.22M
+$180K Parktown
5BR
$3.65M
$3.91M
+$260K Parktown
Parktown is more expensive at every bedroom band. The gap widens from $70K (2BR) to $290K (3BR), then narrows on 4BR ($180K) where Parktown's larger 1,335 sqft footprint absorbs more of the premium. Source: URA last 12 months — Pinery 335 transactions, Parktown 100 transactions.

The pattern is consistent. From the 2BR + Study upwards, every Parktown configuration costs roughly $150K-$500K more than the comparable Pinery layout. Parktown also delivers 100-200 sqft more space per category. The premium is not for nothing. It is for square footage, larger common rooms, tiered finishes, and the Cross Island Line address.

The cleanest like-for-like is the 3BR + Study. Pinery's C7 at 1,055 sqft transacts in the $2.43M-$2.87M range. Parktown's CPS1 at 1,163 sqft transacts in the $2.578M-$2.749M range. That extra $100K-$300K (depending on stack and floor) buys 108 extra sqft, common rooms that cross the 9 sqm livable threshold, and the CRL.

Pinery vs Parktown: Two Tampines Micro-Markets

Tampines is not one place. Buyers who live here treat it as three distinct neighbourhoods, and the two new launches sit in different ones.

Pinery sits at the edge of mature Tampines. Tampines West MRT, Tampines Round Market and Food Centre, Our Tampines Hub, and the older HDB estates that surround Treasure at Tampines. The wet markets, the kopitiams, the original neighbourhood schools. This is the cluster where buyers carry an emotional pull — second-generation Tampines residents who grew up here and want their kids to do the same. St. Hilda's Primary sits within 1km of Pinery, drawing the family-oriented buyer.

Tampines West cluster — Pinery Residences

Tap or hover over any dot for details

Parktown sits in Tampines North. URA's Master Plan zoned this as a separate precinct north of the TPE. Right now it is newer, less built up, and lacks the lived-in feel of mature Tampines. Aside from the BTO clusters that make up Tampines GreenView, GreenWeave, and the rest of the "Green-" family, there is no existing town centre nearby. The 13,600 sqm commercial podium that sits below Parktown is what creates the daily-life infrastructure for this precinct. Without it, residents would commute into mature Tampines for groceries and food.

Tampines North cluster — Parktown Residence

Tap or hover over any dot for details

Different buyers respond differently to this:

  • The mature-Tampines buyer wants Pinery. They want to walk to the Round Market, send their kid to St. Hilda's, hit the same hawker stalls they hit through their HDB years.
  • The Tampines North buyer is betting the area changes. They believe URA's masterplan rolls out, the Cross Island Line matures, and the Triangle of Growth (Punggol Digital District, Paya Lebar Airbase redevelopment, Changi Business Park) brings jobs around the precinct. Tampines North grows into its own town over the next decade. They are paying today for what the area will look like in 2035.

Neither view is wrong. They are different bets on what Tampines becomes.

The MRT Line Decision

This one matters more than buyers tend to realise.

Pinery Residences sits on the Downtown Line. Tampines West MRT (DT31) has been operational since October 2017. Pinery is a condo near MRT in the most literal sense, with a sheltered link straight from the lobby. The DTL goes direct to Bayfront, Downtown, and the CBD with no transfers. Direct rides to Tampines East (one stop), Tampines (two stops, interchange to East-West Line), Bedok Reservoir (three stops), and Bugis (about 30 minutes). The line is mature: stations are built, services are running, commute times are knowable today.

Parktown Residence sits on the Cross Island Line. Tampines North MRT (CR5) is part of CRL Phase 1, scheduled to open in line with Parktown's TOP in June 2030. The CRL connects Tampines North to Aviation Park (for Changi Airport employment), Pasir Ris (interchange to East-West Line), and eventually West Coast and Jurong via Phase 2 and Phase 3. Critically, the CRL does not serve the CBD directly. Parktown commuters heading downtown would interchange at Pasir Ris (EWL) and ride west.

What this means in practice:

  • For CBD commuters, Pinery wins. One ride to Bayfront, no interchange.
  • For Changi Business Park or Aviation Park workers, Parktown wins via the CRL.
  • For renters who care about CBD proximity (a meaningful slice of expat tenants), Pinery has the advantage from day one of TOP.
  • For the long view on Tampines connectivity, the CRL is the bigger network upgrade. By 2032, CRL Phase 2 connects Tampines North to West Coast and Jurong without leaving the line.

The DTL is a current asset. The CRL is a future asset. Buyers comparing the two are choosing between certainty today and upside tomorrow.

Layouts and Finishes: Where Parktown's Premium Lands

Parktown wins on space and finish tier. Pinery wins on price-per-sqft of usable layout, particularly on the smaller 3BR.

Common-room sizes. The single number that matters most for family buyers is whether the common rooms cross the 9 sqm HDB-livable threshold. Below 9 sqm, a queen bed fits but with limited walking room around it. Above 9 sqm, the room reads as a proper bedroom.

Unit Type Pinery common rooms Parktown common rooms
3BR (entry size) 9.9-10.2 sqm (C1, 807 sqft) 8.7-8.9 sqm (C1, 926 sqft)
3BR Premium 6.7-8.4 sqm (C4, 990 sqft) 8.7 sqm (CP1, 1,066 sqft)
3BR Premium + Study 5.7-8.4 sqm (C7, 1,055 sqft) ~9 sqm (CPS1, 1,163 sqft)
4BR 6.3-8.4 sqm (D1, 1,141 sqft) 9.2 sqm across all three (D1, 1,335 sqft)
4BR Premium comparable 9.2 sqm

The pattern flips depending on size band. Pinery's smallest 3BR (C1, 807 sqft) actually delivers larger common rooms (9.9-10.2 sqm) than Parktown's smallest 3BR (8.7-8.9 sqm). Counterintuitive given the size difference, but Pinery prioritised bedroom space on the smallest 3-bedder. Once you move up to Pinery's 3BR Premium, Premium + Study, and 4BR layouts, the common rooms shrink to 8.4 sqm and below, with the smallest at 5.7-6.3 sqm. Workable as a study or helper's room, not as a family bedroom.

For a family with two kids who each need a queen bed plus a wardrobe plus walking space, Parktown's 4BR delivers it across all three common rooms. Pinery's 4BR (D1) delivers it on the two larger common rooms but the third room at 6.3 sqm is single-bed territory only.

Ceiling height. Both projects offer 2.8m at L/D for standard units. Parktown bumps to 2.9m at L/D for 4BR and above. Pinery goes 2.9m on the D1 4-bedder. Comparable at the higher tiers.

Finishes. Parktown uses a tiered system. Tier 1 (1BR-3BR): vinyl bedrooms, 325L fridge, washer-cum-dryer combo. Tier 2 (3BR Premium and 4BR): timber bedrooms, 617L fridge, separate washer + dryer, wine chiller. Tier 3 (5BR Premium): polished marble, ducted AC, steam oven. Pinery uses a single finish standard across all units. Competent and complete, not tiered, no premium uplift on the larger units.

If you are buying a 5BR or a top-tier 4BR Premium at Parktown, the Tier 2/3 spec is meaningfully nicer than what Pinery delivers at the same price. If you are buying a 3BR, both are comparable mass-market spec.

Pinery Mall vs Parktown Podium: The Integrated Mall

Both are integrated mixed-use developments, but the malls play different roles.

Pinery Mall (121,000 sqft) sits below Pinery and serves the surrounding mature-Tampines catchment too. Bedok Reservoir, Bedok North, Kaki Bukit, and Ubi all sit within one or two MRT stops on the Downtown Line, with weak retail amenities of their own. Pinery Mall absorbs that catchment. Day-one footfall comes from neighbouring estates as much as from Pinery residents. This is good for resale value. A mall that draws external footfall holds tenants better, which holds the address up.

Parktown's 13,600 sqm podium (~146,000 sqft) is the larger structure. It includes a 40-stall hawker centre, a supermarket, F&B, and 100-120 shops. Its primary job is to be the town centre for Tampines North. The precinct does not have one without it. So the catchment is mostly internal at first, with the surrounding Tampines North BTO estates topping up. The 40-stall hawker centre is the standout. Few new launches integrate a hawker centre at this scale. For a family who eats out daily, that is genuinely useful.

Facilities deck. Parktown's 1,467 sqm deck spans dual gyms (90 sqm + 120 sqm = 210 sqm total), four function rooms, two kids function rooms, and two KTV rooms. Closer to a clubhouse than a typical condo deck. Pinery's three facility zones (Vitality Sanctuary, Family Oasis, Play Cove) cover a similar family-of-three brief but at smaller scale. With Pinery's 588 units against Parktown's 1,193, the per-resident facility access ratio is closer than the absolute square footage suggests.

Pinery or Parktown: Best Pick by Buyer Profile

Profile Pinery if... Parktown if...
Solo or couple (compact unit) 2BR Premium + Study at $1.61M, removable study wall flexes the second bedroom 1BR + Study at $1.225M — lowest entry to either project
Couple planning ahead 3BR (807 sqft) at $1.93M, common rooms at 9.9-10.2 sqm 2BR Premium + Study at ~$1.94M, study converts to nursery
Young family (1 kid) 3BR Deluxe (872 sqft) with enclosed kitchen at ~$1.93M 3BR Premium + Study (1,163 sqft) at $2.578M, common rooms cross 9 sqm
Family (2-3 kids) 4BR (1,141 sqft) at $2.63M — lowest-entry 4-bedder in Tampines 4BR (1,335 sqft) at $2.879M, all three common rooms at 9.2 sqm
Multi-gen or large family 5BR (1,475 sqft) at $3.39M 5BR Premium (1,679 sqft) from $3.781M with Tier 3 marble, ducted AC, steam oven
Investor (yield + CBD commute) 2BR Premium + Study at $1.61M, DTL to CBD, 2.8% gross yield at $4,500 rent 1BR + Study from $1.225M — but Tampines is family-heavy, exit pool for small units is thinner

The cleanest decision rules: if CBD commute matters most, Pinery wins because the Downtown Line is operational and direct. If you want maximum space at the price, Parktown delivers larger rooms and larger living areas across configurations. The lowest entry to either project is Parktown's 1BR + Study at $1.225M, since Pinery does not offer 1-bedders. The lowest entry to a 3-bedder is Pinery at $1.93M, $300K-$500K below Parktown's 3BR range. For mall and hawker access, Parktown wins on the 40-stall hawker centre. For mature Tampines feel, Pinery wins on the walk to Round Market, St. Hilda's, and the older neighbourhood that already exists. For an integrated facilities deck, Parktown's 1,467 sqm spans dual gyms, four function rooms, and two KTVs — closer to a clubhouse than a condo deck.

Downside Risk: Pinery vs Parktown

Pinery: Little to None. Over 90% sold on launch day at $2,300-$2,500 PSF. Direct DTL access. Mature Tampines location. Mall opens with TOP. The pricing has clearance: buyers said yes within hours, the catchment is there, and the developer pedigree (Hoi Hup + Sunway MCL) is solid. The 3BR at $1.93M floor delivers an extra bedroom at the same price Parktown charges for a 2BR + Study. That price gap protects the Pinery downside.

Parktown: Low. The PSF is the highest Tampines has ever tested. There is no resale benchmark at this level in District 18 yet — exit pricing in 2034+ depends on whether Tampines North grows into the area URA has planned. Three things make the bet work: the developer combo is tier-1 (UOL + CapitaLand + SingLand), the CRL integration is something no other Tampines launch can offer, and the pool of HDB upgraders is deep — 12,500+ HDB units in nearby estates reach MOP between 2024-2030. The thin 1BR-2BR resale pool in Tampines is the main concern for investors taking compact stock. Tampines is a family upgrader market, not an investor market.

Pinery vs Parktown Verdict: Different Buyers, Different Picks

This is not a "which is better" question. It is a "which fits" question.

Buy Pinery Residences if you want maximum value at the price, you commute to the CBD, you want the mature-Tampines feel, and you are buying a family-size unit (3BR or 4BR) where Pinery's $300K-$500K price advantage compounds across the hold. The DTL works for you today. The mall opens with TOP. The price has been tested and cleared by the market. Best stack picks: the 807 sqft 3BR (C1) with 9.9-10.2 sqm common rooms, the 700 sqft 2BR + Study (B4) with the removable study wall, and the 1,141 sqft 4BR (D1) which matches Parktown's 3BR + Study price for a full extra bedroom.

Buy Parktown Residence if you have an 8-10 year owner-occupy horizon, you are buying for an own-stay 3BR Premium + Study or 4BR where the larger common rooms pay off in daily life, and you have conviction that the Tampines North precinct matures with the Cross Island Line. The 40-stall hawker centre and 1,467 sqm facilities deck are the daily-life payoff from the day you collect keys in 2030. You are paying for a product Tampines has never had before. Best stack picks: the 1,163 sqft 3BR Premium + Study (CPS1) with common rooms crossing 9 sqm, the 1,335 sqft 4BR (D1) with all three common rooms at 9.2 sqm, and the 1,679 sqft 5BR Premium (E1) with Tier 3 marble and ducted AC if the budget stretches.

Skip both if you are an investor optimising for liquid resale of a 1BR or 2BR. Tampines is a family upgrader market. The small-unit exit pool is thinner here than in CCR or RCR. Either project may grow on price across the hold, but exit speed favours larger units in this district.

For everyone else: figure out whether you are buying the Pinery price or the Parktown product, and pick accordingly. Both projects are well built. Both sit in the same district. The question is what you are optimising for, and how long you plan to hold. Ask yourself: should I buy Pinery for the cheaper price and the Downtown Line, or Parktown for the larger product and the Cross Island Line? Once that is clear, the unit-level pick falls out of the table above. For broader Tampines context, including resale comps from CityLife, Treasure at Tampines, Tapestry, and the Avenue 8 corridor, see our Tampines 3-bedroom condo comparison.


Data sources: URA REALIS transaction data for Pinery Residences (335 transactions across 4 bedroom buckets — 2BR, 3BR, 4BR, 5+BR) and Parktown Residence (100 transactions across 5 bedroom buckets — 1BR, 2BR, 3BR, 4BR, 5+BR), all last 12 months. URA Master Plan 2025 zoning for Tampines North. Developer materials from Hoi Hup Realty, Sunway MCL, UOL Group, CapitaLand Development, and Singapore Land. HDB resale transaction data from data.gov.sg. OneMap Singapore for coordinate verification.

Published by MJ Review Homes (reviewhomes.sg) | PropNex Realty Pte Ltd | Shaik Amar R058640H | Myra Jalil R058979B | +65 9690 5440 | +65 9738 3705

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Reader questions, answered

Should I buy Pinery Residences or Parktown Residence?+
It depends on what you are optimising for. Pinery Residences is roughly $200K-$500K cheaper across most family configurations, sits in mature Tampines, and connects to the Downtown Line for direct CBD access today. Parktown Residence delivers larger common rooms, tiered finishes that scale with unit size, and a 13,600 sqm retail podium with a 40-stall hawker centre — at the highest PSF Tampines has ever tested, on the Cross Island Line that opens with TOP in 2030. Pinery for value and CBD commute. Parktown for product and 8-10 year own-stay.
How much is the price difference between Pinery and Parktown?+
From the 2BR Premium + Study upwards, Parktown sits roughly $150K-$500K above Pinery for comparable configurations. Specifically: 3BR comparable $300K-$500K gap (Pinery $1.93M floor, $2.42M median; Parktown $2.224M low-floor entry, $2.71M median). 4BR roughly $250K-$300K gap (Pinery $2.72M low entry; Parktown $2.879M low entry). 5BR roughly $400K-$500K gap. Below 2BR + Study, the two are comparable, and Parktown's 1BR + Study from $1.225M has no Pinery equivalent.
Is Pinery Residences cheaper than Parktown?+
Yes, for every comparable family configuration from 2BR + Study upwards. Pinery's launch range is $2,300-$2,500 PSF. Parktown's transacted range is $2,200-$2,400 PSF, but Parktown's units run 100-200 sqft larger per category — so the total price for a comparable layout still lands $150K-$500K above Pinery.
Pinery vs Parktown — which has the better location?+
Different micro-markets. Pinery sits at the edge of mature Tampines with Tampines Round Market, Our Tampines Hub, and the older HDB estates within walking distance. Parktown sits in Tampines North, a newer URA-zoned precinct that depends on the Cross Island Line and the integrated podium for daily-life infrastructure. Mature-Tampines buyers lean Pinery. Buyers betting on the Tampines North transformation lean Parktown.
Cross Island Line vs Downtown Line — which is better for a Tampines condo?+
Pinery sits on the Downtown Line (operational since 2017, direct to Bayfront and the CBD). Parktown sits on the Cross Island Line (opens 2030, connects east to Aviation Park and Pasir Ris, eventually reaching West Coast and Jurong via Phase 2/3). For CBD commuters, Pinery wins today. For Changi Business Park or Aviation Park workers, Parktown wins via the CRL. The DTL is a current asset; the CRL is a future network upgrade with longer-term upside.
Which has bigger room sizes, Pinery or Parktown?+
Parktown wins on common-room size across larger configurations. Parktown's 4BR delivers all common rooms at 9.2 sqm — every room genuinely livable. Pinery's 4BR (D1, 1,141 sqft) delivers two rooms at 8.4 sqm and one at 6.3 sqm — the third is single-bed territory. On the smallest 3BR, Pinery's 807 sqft layout (C1) actually delivers larger common rooms (9.9-10.2 sqm) than Parktown's smallest 3BR at 8.7-8.9 sqm.
When do Pinery Residences and Parktown Residence TOP?+
Both are expected to TOP in 2030. Parktown Residence is expected June 2030 alongside the opening of Tampines North MRT (Cross Island Line). Pinery Residences is expected later in 2030. Both are 99-year leasehold. With the four-year SSD on top of TOP, the earliest clean exit for either project sits around 2034.
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