Located in District 19, Hundred Palms Residences EC is surrounded by many good schools including Bowen Secondary School Rosyth School, and Serangoon Junior College. Just to Hougang 1, residents can conveniently walk over behind Hundred Palms Residences with F&B outlets including KFC, Sakae, mall which offers outlets including NTUC Fairprice for their daily requirements and many more. Further down over at Ci Yuan Community Club at which you are able to find a coffeeshop with many food varieties.
Hundred Palms Residences is connected via major roads and expressway including Central Expressway or Tampines Expressway to take bring you to the East.
About the plot tender
Yio Chu Kang EC plot have garnered many interest among property developers. Despite the suppress marketplace, the plot have brought many high bidders in early 2016 and set to launch in mid 2017. Nonetheless, there are not any EC launches for a long time in this mature HDB estate area. Conveniently located near many great schools and amenities (e.g Hougang 1 Mall), this development will attract many possible HDB upgraders and first timers from this part of town.
This translates to a rough breakeven expense of somewhat above S$700 psf. Hoi Hup manager have said that their target selling price will be around S$800 psf on average. This indicative pricing will depend on market state during the time of launch and may change. Coming in second is Nanshan Group Singapore at 6.1% lower than the top bid. With bulk of the component will comprise of 3 bedrooms, followed by 4 bedrooms Yio Chu Kang EC is looking to start about 560 units. The minority will be 2 and 5 bedrooms.
Analyst have said that the lack of new EC supply in this region and surrounding Hougang, Serangoon, and Ang Mo Kio, have resulted in a competitively high bid among the developers. Thus, potential and the demand for take up rate will probably be favorable.
Watch the new remaking of Hougang that will benefit the buyers of Yio Chu Kang EC, Hundred Palms Residences
The Exact Location of 100 Palms EC By Hoi Hup Hougang Development Pte Ltd