The Florence Residences New Condo @ Hougang Ave 2

Former Florence Regency Enbloc by Logan Property Singapore

The Florence Residences

Overview – The Florence Residences Condo

The Florence Residences (Former Florence Regency) @ Hougang Avenue 2

The Florence residences have finally been bought by a Chinese property developer known as Logan property. The Logan Property Company was founded in 1996. The company is well qualified in property development, engineering design as well as general construction.

This was after the owners had received three bids. Two bids were above the reserve price of $600 million and the third bid was below the reserve price. However, these bids didn’t match the valuation price which forced JLL to look for other bidders. The Florence residences price was $629 million.

The deal was closed within 10 weeks under a private treaty. The Florence residences comprise of 386,236 square feet and a gloss plot ratio of 2.8. This project is the second project of Logan Property Company after the Stirling Road property which the company bid at more than $1.003 billion. It is the first collective sales attempt by the owners with close to 80% consensus agreement reached within three weeks.

Logan property plans to build 1,400 units on the Florence residences site. The estimated premium is $288.6 million which will be paid to the state to renew the lease to 99 years. This property is located close to the bus interchange of Hougang mall and the Hougang MRT station. It is also a walking distance from the Kovan MRT station situated along Serangoon Road.

The Florence Residences – Project Details

Development Fact Sheet
Project NameThe Florence Residences
DeveloperFlorence Development Pte. Ltd
LocationHougang Avenue 2
District19
Tenure19
Site UseResidential High Rise Condominium
Total Units1410 units
Land Area386,236 sqft
Gross Plot Ratio2.8
PSF PPR$842

The Florence Residences Condo @ Hougang Ave 2 Location Map

Why Invest in The Florence Residences?

The Florence Residences Near Chomp Chomp

The Florence Residence is situated at Hougang Avenue 7. It is a project facing the river and it sits on a large piece of land approximated to be about 396,231 square feet. There are so many reasons why investing in the project will benefit you in the long run.

The Florence Residences condo will be constructed with full amenities, interior and exterior décor, modern fittings and furnishing. Each apartment will have ample space for the dining and living family rooms. The living area will have exceptionally high ceilings and strong walls.

The kitchens will be fitted with durable cabinets, attractive countertops around the sinks. For the bedrooms, developers plan to have natural illumination, bathrooms, drawers and closets among other provisions.

Going with public demand, the Florence Residences will have swimming pools, clubhouses, guardhouse, table tennis court, a barbeque area and a gymnasium.

New Plans Undergo For Hougang

Conveniently located near the workplaces

The site is near the workplaces which guarantee a continuous flow of tenants if you plan to rent it out. With the Defu Industrial Park being redeveloped, more employment opportunities will be created in the area resulting in a need for more homes.

Accessible

Transport and accessibility does not prove to be a problem in the area since the area is served by a bus interchange and two MRT stations. Florence residences is also well connected to other parts of Singapore though public transport.

It is an approximately 9 minute drive and one will take 13 minutes to get to the CBD. KPE and TPE provide drivers with a driving ambience in parts of the Florence residences.

The following transport plans will also make the area more accessible:

  1. An integrated hub at the Hougang MRT Station.
  2. Road improvements along Tampines Road, Paya Lebar Road etc.
  3. Cross Island construction

All these future developments will make the Hougang more accessible!

Availability of Social Amenities For The Florence Residences Condo

With various social facilities and amenities in Hougang, it has a number of good schools, sports facilities and parks. Several developments are also coming up in the area to improve the general living conditions and they include the following:

  1. A new pedestrian footbridge.
  2. Retail amenities.

Leisure

With a number of recreational parks, you will get a variety of sightseeing greenery to choose from. Most homes in future are predicted to be near recreation parks and park connecters. The oversized balconies offer a perfect site seeing for the natural environment since the area is rich in natural shrubs and trees.
Walkaways, greenery and expansive terraces have also incorporated in the design of the Florence Residences.

The Florence Residences condo will give a worthwhile competition to its competitors since the condo will be well-maintained. It will also have a plantation and greenery; this together with excellent decorations will offer stiff competition.

The area is estimated to be very attractive in the near future since it has the above positive attributes. This makes it a wise investment opportunity. The Florence residences is perfect for both investment and habiting.

For interested buyers who are still saving to make a down payment, the Florence residences offers a perfect investment opportunity since it is still under construction. The progressive payment schedule gives investors with an opportunity to make monthly installments. The property can be resold in future at a higher price making it a perfect investment.

Register VVIP For The Florence Residences Development By Logan Property

Prospective residents and investors are encouraged today to register early in order to gain premier access to the latest updates and developments regarding the upcoming condo, The Florence Residences.