A New Condo Coming Soon @ Hougang, The Florence Residences, Former Florence Regency

While talking abut the surge of shophouse value, today we will discuss about the upcoming new project by Logan Property, that is The Florence Residences, Former Florence Regency in a private HUDC estate in Hougang, was successful en-bloc by Logan and below are some of the specs that you probably are unaware of concerning the project:

  • This residential property has a total area
    of 386,236 square foot.
  • Logan property is the one that purchases
    this property and this
    is the second land parcel in Singapore that this company has bagged up. The
    first land parcel is the Nashan group which they obtained at a total of
    $1,050.7.
  • Independent valuation of the property by
    Colliers International placed its value at $629 million.
  • The tender closed on 27th September with
    all the bidders rejecting bid increments to achieve the independent valuation
    target of $629 million.
  • Collective sale agreement for this land
    states that it was not to be sold for a price lower than the valuation. JLL,
    therefore, had to court other developers within ten weeks of the close of
    public tenders for better deals
  • Chinese developer Logan property agreed to
    raise this $629 million under a private treaty putting an end to the bidding
    process. 
  • Each of the Florence residences owners
    will take home between $1.84 and $1.89 million. 

Why you should secure an unit at Florence Regency Condo Hougang district 10, Singapore?

If you’re undecided on whether to invest in land housing in Hougang, then a definitive guide is all you need. In case you’re in a hurry I’ll make it short Hougang district is the best place for land housing investments.

Expert home pickers say that the best home has both the inner and outer looks well kept. Such information can only be applied to spectacular residences like The Florence Residences. These residences offer you a memorable view both on the inside and outside. It offers spectacular views on the outside with a huge presence of parks and great islands.

The Florence residences at Hougang district is near the workplaces. This translates that most of the working class in such industries as Defu Industrial park will provide you with the nonstop flow of tenants. Your apartments are therefore guaranteed of tenants because of the workers in different working places in the area seeking accommodation. 

Renovation and development of an industrial park. Defu industrial park will be renovated, and its industrial floor space increased tremendously. The resulting park will offer more jobs and amenities which will result in a general improvement of the place.

The Florence Residences are well connected to other parts of Singapore by a bus interchange and two MRT stations. Traveling around the town has never been much more comfortable with the integrated road transport system. Moving out of the city to other places is also easier a secure road network.

The Florence Residences will offer you a perfect home with the premium lifestyle in your exclusive home will add more happiness and flavor to your life. It is also located with the home lookers needs at heart. You can easily access the town and transport system with just a few steps walks.

Besides the social amenities, The Florence Residences Hougang residences are located in proximity to social institutions. They include Xinmin primary & secondary schools, Xinghua primary school, the Montfort junior school, the HolyInnocents’ high school, the Montfort-Junior school, and SerangoonJunior College. 

The cross-island line development will be soon opening doors and it’s worth the wait. It will bring an added vibrancy to Hougang Mall and Hougang MRT. These two landmarks are located only 10 minutes away from each other so accessing each is a less challenge. After completion of the project, the residents will get a unique chance of enjoying the first-ever free shuttle offering better convenience.

The Florence Residences Condo will surely offer the best choice for those looking for homes. Over a few coming years, Florence residence surrounding is expected to become a bee-hive activity. The surrounding Hougang sports center and two nearby parks add flavor to these residences.

According to URA master plan, Hougang is a town offering a diversity of sports and park facilities. The master plan plans to increase the recreational facilities for the residents and even open up new ones. Also features in the project is an increase in job opportunities in the area. Below are the detailed benefits residents will get from the URA master plan.

– Better housing plans – The maaster plan features a blueprint of rejuvenating Hougang town. It will be done by first opening some areas in the Punggol Park for use in the building of new homes. Additional programmes include an estate upgrading programme that also comprises a brand-new pedestrian foot bridge across Sungei Punggol will help in the rejuvenation programme. A one-stop community club located a Hougang Avenue nine will offer a healthcare facility, arts center and hawker center for the residents in the area. 

– Improved access to recreational facilities – Most residents in Hougang, access the additional leisure facilities in the island’s north-eastern region via a North-Eastern Riverine Loop (NERL) park connector. After the connector becomes a part of the 150-km Round island route, then access to recreational sites will be significantly improved. 

– Improved road transport system – Currently Hougang town boasts of well-connected transport system that is served by two MRT stations as well as a bus interchange. The strategies applied to Hougang town will, therefore, assist in traffic flow. Such developments include integrated transport hub at Hougang MRT station and extension of Buangkok link and Buangkok Crescent to complete the road network in the area. 

– Attractive outdoor sceneries – The refurbishment of Defu industrial park will add more beauty to the town. Its floor space will also be added resulting in increased job opportunities for both residents and non-residents. The renovation will bring about a more attractive environment with features such as cycling and cultural amenities.

The Florence residence Hougang is an excellent place to be. This location has a higher potential of developing into an attractive place-to-be. Ensure therefore that you consider the homes and be part of the sizeable optimistic team of residents. 

It will be done by first opening some areas in the Punggol Park for use in the building of new homes. Additional programmes include an estate upgrading programme that also comprises a brand-new pedestrian foot bridge across Sungei Punggol will help in the rejuvenation programme. A one-stop community club located a Hougang Avenue nine will offer a healthcare facility, arts center and hawker center for the residents in the area. 

– Improved access to recreational facilities – Most residents in Hougang, access the additional leisure facilities in the island’s north-eastern region via a North-Eastern Riverine Loop (NERL) park connector. After the connector becomes a part of the 150-km Round island route, then access to recreational sites will be significantly improved. 

– Improved road transport system – Currently Hougang town boasts of well-connected transport system that is served by two MRT stations as well as a bus interchange. The strategies applied to Hougang town will, therefore, assist in traffic flow. Such developments include integrated transport hub at Hougang MRT station and extension of Buangkok link and Buangkok Crescent to complete the road network in the area. 

– Attractive outdoor sceneries – The refurbishment of Defu industrial park will add more beauty to the town. Its floor space will also be added resulting in increased job opportunities for both residents and non-residents. The renovation will bring about a more attractive environment with features such as cycling and cultural amenities.

The Florence residence Hougang is an excellent place to be. This location has a higher potential of developing into an attractive place-to-be.

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