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.