Florence Residences At Hougang
13-10-2019: Book an Appointment to view The Florence Residences Showflat and get Direct Developer Prices. According to the 2014 master plan, The Florence Residences Condo that sits on a 386, 236 sq ft is zoned for development of the residential property and has a GPR of 2.8. With considerations to the current estimated differential premiums worth S$288.6 million which is payable to the government to add the lease period to 99 years including the development of the land to a GPR of 2.8, the land price of the Florence Residences Condo translates to around S$842 psf ppr.
Florence Residences Location is strategically situated along Hougang Avenue 3. The property is close to Heartland Mall at Kovan which is at 205 Hougang Street 21, where The Florence Residences Brochure it is opened in 1984, and it is the famous hangout place for secondary school students as well as families where they can be out for a meal or do grocery shopping.
This development is expected to have a very strong take up on launch date (2 Mar 2019) due to the location, tenant demands from just 1 stop away at Defu, higher capital appreciation potential due to entering at lower price compared to future launches, amenities, schools, malls, sports facilities etc.
While this new project may inject even more excitement into the Hougang district, some analysts are concerned that launches from surrounding projects such as the Riverfront Residences , Affinity at Serangoon and The Garden Residences, may dilute interest.
On top of the existing convenience of having an MRT station nearby, you will also get to appreciate the future development of Cross Island MRT Line which will turn the current Hougang MRT station (situated along the North-East MRT line as well) into an interchange station.
The site housing The Florence Residences Condo becomes the second site owned by Logan Property after it broke into news following their joint record-breaking bid worth $1.003 billion with Nanshan Group for ownership of the 21, 109 square meters site situated off Stirling Road.
Designed with Condo-Club concept with 128 facilities and developed to cater to the well-beings of every family, where every details are carefully considered, makes The Florence Residences is unique from the surrounding apartments, having wide angle of unblock views.
The developers of The Florence Residences are Florence Development Pte limited and the residence is solely a private residence. Several shopping amenities such as Kovan Heartland Mall, Hougang Mall, Compass One, Punggol Waterway Point and Nex Shopping Centre, which are all directly connected within North East Line and just few stations away.
Residence at The Florence Residences can get to the nearest Schools named Montfort Junior School, Xinghua Primary School, and Xinmin Secondary School. Specifically, the Florence Residences condominium is just 6 minutes walk from future Hougang Interchange and 8 minutes walk from Kovan MRT.
The Florence Residences is developed by Logan Property Company Pte. Also, the residential development is not too far away from the Pan-Island Expressway, Bukit Timah Road as well as Clementi Road that brings you far and beyond. The condo will include a whopping 128 facilities being grouped into 12 clubs.
Apart from the many precinct parks and the nearby parks, the residents of The Florence Residences Condo will have easy access to other established parks in the North-Eastern Parts through the North-Easter Riverine Loop park connectors. For retail, residents of The Florence Residences are close to both Heartland Mall and Hougang Mall.
The rest of the units will enjoy the club facilities, with swimming pool or greenery view, just like resort style. Compared to another new condominium that is for sale in the area, Riverfront Residences, Florence Residences is fairly attractive given its closer distance to Hougang and Kovan MRT.