Hundred Palm Residence EC
Hundred Palm Residence EC is offered by public transportations, and also the CTE expressway is just a short drive away. Furthermore, Kovan MRT is 1.6km along with a short five to ten minutes bus journey from the development. Departmental stores nearby include Greenwich V, Hougang Eco-friendly Shopping Center, Hougang One, Heartland Mall and myVillage (Serangoon Gardens).
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Once the plot premiered late this past year, property consultants had predicted the winning bid could be within the S$260-340 psf ppr range. They’d also forecast the site would receive five to 14 bids.
Hoi Hup director Wong Sjew Hung stated on Thursday evening the group’s breakeven cost is going to be slightly above S$700 psf.
The prospective selling cost will bond with S$800 psf typically, although actual prices is determined by market conditions 15 several weeks lower the street once the project could be launched, she added. Hundred Palm Residence Price list will be released before the launch day. Hoi Hup’s construction arm Straits Construction will build the work.
“We are searching in a project of approximately 560 units, which most about 70 percent is going to be three-bed room apartments, adopted by about 15 percent of units that’ll be four-bedders. All of those other units may have either two or five bedrooms.”
Hundred Palm Residence
The EC market continues to be affected by worries of oversupply. Seven ECs were launched in 2015, and take-up rates only vary from 10 percent to 48 percent.
Register at the official site for update on Hundred Palm Residence floor plan. However, we’re feeling this is often related to an over-all slowdown within the property market in general: a mix of loan curbs through the TDSR, minimizing prices in store bought condominiums, really are a much more likely offender. There’s even the shock of from a high base: in 2013, the amount of applications for EC units may be as high as double the amount available units. But while individuals days are gone, it doesn’t signify a simple alternation in the truth that ECs are among the soundest property investments a purchaser could make.
The more powerful interest received with this website is possibly because of it having an established suburban area and shut to amenities like Hougang One Mall and Hougang Sports Center. Plus, staying close to Rosyth School, it might be appealing to parents who wish to enroll their kids into this popular school. Importantly, almost no EC premiered here previously, the current EC launch near to this development is Topiary this year also it would be a offered-out project. With rarity among its attributes, this EC will probably attract a great number of buyers and if you’d like to reserve an option unit within this approaching development, it might be a good idea to carefully watch on when it’s launching and obtain your unit as earlier as you possibly can. Still make sure to seek information and planning before purchase.