Hoi Hup Realty Hundred Palms Residences Popular EC

Hundred Palms Residences is the latest residence located near Yio Chu Kang area in district 19. The residence is expected to be highly sought after since it’s been a long time a residence such as this one was launched in the area. The last one that was launched was topiary but is now fully sold. This residence has lots of amenities in which residents should look forward to. The amenities include a fifty-meter pool for families and friends to indulge themselves, an indoor gym for working out after dinner and an air conditioned room for conducting birthday parties. Indeed the Residence presents a tranquil and serene area for families.

Yio Chu Kang ECs Hundred Palms Residences Popular

Hundred Palms Hoi Hup EC is located right next to Hougang 1. Hougang 1 is a neighbourhood shopping center that has a wide range of entertainment spots and shopping area where residents can stop and shop after work. Several shops have opened near this shopping center and are just a few meters away from the Residences. These shops include KFC, Fairprice and Sakae sushi. Thus by them being closer, residents would now be able to do their daily shopping in the vicinity more conveniently. Additionally, other shops which have opened up their doors here include Hougang plaza, heartland mall, the green shopping center of Hougang and MyVillage at Serangoon garden.

Families of school going children in this residence area are lucky enough in that there are well established international schools from where they can enrol their children in. For example, one such type of school is the Rosyth school. It is a well-established school and provides an education program for gifted. The mission of the school is to give each student an all around education to maximize their potential. The school is located just a few meters away from Hundred Palms.

Hundred Palms Residences Site Popular Among Developers

According to sources, it is noted that there will be lots of upgrades that will be done on Hougang town and Yio Chu Kang. This is in order to uplift the look of this residence. The units that will need the upgrade include the three-bedroom and four-bidders room units. This is to make them quite affordable for their size. The units that will remain will be spread to two and five- bedders.
The Hundred Palms Yio Chu Kang Road EC being located in a mature town of Yio Chu Kang and a short drive away from MRT station of Hougang is definitely a residence of your choice for a new home.
Developers are still aiming at the draw of executive condominiums (EC), going with the turnout of Yio Chu Kang Road site which closed its tender recently. 10 firms placed the bids for 1.84ha plot, that can yield around 520 units. Hoi Hup topped the list with an offer of $183.8 million, or $331/ sq ft/ plot ratio).

Hoi Hup Realty Yio Chu Kang Road Hundred Palms Residences

The response this year was a sharp turnaround from the last year where more moderate bidding was seen, when 3 EC sites had the top bids of $278 psf/pr to $295 psf/pr, added by Mr Ong, national research director JLL. Hoi Hup’s bid 6.1% above the $173.20 million or $312.0 psf/pr which is the second highest lodged by Nanshan Group. Mr Ong added that the stronger yesterday was mainly due to the attractiveness of site, which is situated in a well established suburban area. It is worth noting that the site is not near an MRT station but closer to just a short ride away. The site is also closer to amenities which includes Hougang mall and Sports Centre.

Its closeness to Rosyth School also boosts the confidence of developers about the demand that may come from young married couples who are planning to enroll their children, added by Mr Desmond Sim, head of research for Singapore. Mr Ong said expressed his views that there is hardly any EC in Yio Chu Kang and the most recent Topiary was launched long back in 2012. So there is a strong demand from the residents of HDB estates. The estimate price could be $680 to $700 psf as informed by Nicholas, head of investment firm ZACD.