The latest Executive Condo – Hundred Palms Residences

The 99-year leasehold site that simply been offered is found in the Northern Region of Singapore, along Yio Chu Kang road. It’s encircled by Hougang Avenue 9 and Lorong Napiri. Hundred Palms Residences Executive Condo will be launching The Housing Development Board launched the tender within the other half of 2015 underneath the Government Land Sales program.

Very First Time BUYERS: If you’re planning to purchase your initial property and don’t know whether or not to purchase a Resale HDB, BTO or perhaps a new launch EC, let’s talk of your very best possible option.

EXISTING HDB Proprietors: If you’re planning to alter to a different property, and also know whether or not to purchase a EC or private condominiums, let’s enable you to assess your very best possible choices to improve returns in your dollars. We don’t want to under-leverage on ourselves.

Executive Condominium draws the eye of numerous who’re searching to personal property in Singapore, because it is attractively priced than the private residential developments, and they have full condo facilities, very similar his or her counterpart within the private condominium in Singapore.  The exception is the fact that one must fulfill the minimum occupation period as prescribed by HDB.

The land parcel along Yio Chu Kang road was lately offered through the Housing Development Board (HDB) included in the Government Land Sales (GLS). This land parcel is situated in the Northern Region of Singapore & located along Yio Chu Kang Road, bounded by Lorong Napiri & Hougang Avenue 9. Supposed to have been progressed into a professional Condominium, the website area is all about 198,529 Square ft & will house roughly 520 residential units. Using the top bid of S$183.8 Million converting to S$331.02 per sq . ft . per plot ratio (psf ppr), Hoi Hup Real estate won within the land parcel. Price of Hundred Palm Residences will expected to be in the range of $800 psf

Future residence from the approaching Yio Chu Kang EC could be well offered by ease of Hougang, Buangkok & Kovan MRT Station finding yourself in close closeness, enabling residence to go to every part of Singapore with little hassle. Driving towards the Central Business District (CBD) wouldn’t be a problem because it is only fifteen minutes away. Using the Central Expressway (CTE) within close closeness, residence of Yio Chu Kang Executive Condominium can certainly drive to Orchard Road Shopping Belt in order to other areas of Singapore.

Fantastic Amenities Accessible From Yio Chu Kang EC

A brand new executive condo will be developed at Yio Chu Kang Road. Once developed, the Yio Chu Kang executive condo is for certain to possess several features and facilities which can handle uplifting the life-style enjoyed through the residents. The floor plans of hundred palms residence will be soon be released. Simultaneously, you’ll be able for that residents of to get out there and enjoy an array of amenities within the nearby area.

Yio Chu Kang EC is situated to numerous excellent amenities and facilities. As pointed out earlier, this selection from the site was a primary reason for that increased interest throughout the putting in a bid phase.

New Yio Chu Kang Road EC- Developer

The developer of Yio Chu Kang EC project is Hoi Hup Real estate Pte Limited. Founded in 1983, the corporation has effectively delivered over 900 residences to the customers. Right now, the organization is managing the introduction of some 500 homes. Its experience and consistent performance are why Hoi Hup Real estate has firmed up its position like a reliable property developer in the united states.

Their previous projects include the kind of Hoi Hup Sunway Novena Pte Limited, The Whitley Residences, Sophia Hillsides, Royal Square, Residences @ Killiney, and much more.

The sheer quality and also the amazing results delivered through the developer have won it numerous accolades, including multiple property awards through the years. Building and Construction Authority (BCA) Awards are among the most esteemed honors in the market and Hoi Hup Real estate has gotten this award as many as five occasions, that is a great achievement on its own. They also have received recognition in the Urban Development Authority for sustainable development, and also the Nature Board for control over greenery. They also have received the Singapore 1000 and also the SME 500 Award several occasions.

Overall, under Hoi Hup Real estate, new EC in Yio Chu Kang Road will grow to be probably the most searched for-after qualities in the area.

Hundred Palms Residences EC at Hougang by Hoi Hup

Hundred Palms Residences EC at Hougang

The 99-year leasehold site that simply been offered is found in the Northern Region of Singapore, along Yio Chu Kang road. It’s encircled by Hougang Avenue 9 and Lorong Napiri. The Housing Development Board launched the tender within the other half of 2015 underneath the Government Land Sales program.

Yio Chu Kang EC site area is about 198,529 square ft. Because of a plot ration of two.8, a gross floor section of 555,246 square ft would be the maximum permitted within the site. Around 520 units ought to be open to the residents.

Once the site premiered for purchase in 2015, experts had predicted the winning bid come in the plethora of S$260 to S$340 per sq . ft . per plot ration. Additionally they thought that the website would attract somewhere from 5 to 14 bids as a whole.

The bids with this EC site illustrate the eye within this sector through the property developers. This really is even though you may still find a lot of EC units which have continued to be unsold. Furthermore, you can find more EC units which are presently being developed and not yet been launched.

Experts noted the interest in this website is particular to the location. As a result, it shouldn’t be used being an indicator from the wider market conditions. Hundred Palms Residences showflat will be opening soon in June 2017. Your competition appears to possess been intensified because of the ease that residents can connect to the development. Furthermore, various facilities and amenities are within easy achieve. The website ought to be particularly of great interest to oldsters because of the location of reputed schools nearby.

One more reason for that elevated interest would be that the site is situated in a place encircled by HDB estates. Consequently, the developer will obtain access to a ready catchment pool to obtain residents from.

The Housing and Development Board (HDB) has offered a residential site in Yio Chu Kang Road included in Government Land Sales (GLS), in first quarter of 2016. This land parcel is along Yio Chu Kang Road, bounded by Hougang Avenue 9 and Lorong Napiri, found at its northern border-Eastern Region of Singapore. It’s listed underneath the confirmed listing of sites and will be progressed into Executive Condo (EC). New EC in Yio Chu Kang Road includes a site section of 198,519 square ft and can house roughly 531 (suggested) residential apartments.

Hoi Hup Real estate won the very best bid of S$183.8 million, converting to S$331.02 per sq . ft . per plot ratio (psf ppr) and also the breakeven cost is going to be roughly S$660 psf ppr.

New Yio Chu Kang Road EC- Connectivity

Floor plan of Hundred Palms Residences will be release upon written permission. Residents of recent and approaching EC in Yio Chu Kang Road could be offered through the Hougang, Buangkok and Kovan MRT Station. It’s roughly 1.6 km from Kovan Town Center and Kovan MRT Station, serving its northern border-East Line. Which is only one station to Serangoon MRT Interchange where residents of recent EC in Yio Chu Kang Road can easily transit towards the Circle Line which supplies future residents of recent EC more options of destinations. Within here, there’s the Serangoon Bus Interchange future residents have access to to a lot of bus services supplying a conduit of conveniences to allow them to commute to many areas of Singapore.

New EC at Yio Chu Kang Road is definitely linked to Central Expressway (CTE). It will require roughly fifteen minutes towards the Central Business District (CBD), City Center and Orchard Shopping Belt via Central Expressway (CTE) where they are able to access easily to Tampines Expressway (TPE), the Seletar Expressway (SLE) and also the Kallang Paya Lebar Expressway (KPE) to numerous areas of Singapore.

FACILITIES and PLAN

The Brand New Yio Chu Kang Road EC Facilities and plan’s presently seeking approval from relevant government bodies. If you’d like to become updated on first hands information with this approaching EC along Yio Chu Kang Road or want to learn more about progressive and deferred payment schemes

Hundred Palms Residences is roughly 1.6 km from Kovan Town Center and Kovan MRT Station which operates its northern border East Line. It’s easily 1 station from Serangoon MRT Interchange which future residents of recent EC can easily transit towards the Circle Line. The Serangoon Bus Interchange can also be right in the Serangoon MRT Interchange which future residents of recent EC have access to to plenty of bus services supplying a conduit of conveniences to allow them to commute back and forth to areas of the area. It will require motorists roughly fifteen minutes to obtain lower towards the Central Business District (CBD) from New EC. Individuals attempting to frequent Singapore’s prime shopping district, Orchard Shopping Belt may also be happy to discover that New EC is simply 15 minutes’ drive to obtain lower to there. New EC is near the Central Expressway (CTE), the Tampines Expressway (TPE), the Seletar Expressway (SLE) and also the Kallang Paya Lebar Expressway (KPE) making driving round the island very simple.