New EC to produce as marketplace revives

E-applications for an upcoming executive condominium (EC) in Yio Chu Kang Highway open following Tuesday, among a rallying home market.

Your 531-unit Hundred Hands Residences is the second EC going to the market this season.

It follows the particular 497-unit iNz Residence throughout Choa Chu Kang, which enticed more than 450 e-applications the end of the week that it opened in February.

By a few weeks ago, the builder had distributed 249 products, according to Downtown Redevelopment Authority records.

The two ECs offer people “smart home” technology, using doors as well as electronics which can be controlled by an app. The indicative value for three-bedroom houses in Hundred or so Palms Houses, which is manufactured by Hoi Hup Realty, varies from $715,000 to be able to $975,000. Four-bedders might go for $1.Drive million in order to $1.13 trillion, and five-bedroom products from $1.Twenty million in order to $1.29 trillion.

More than Five,700 new private properties were distributed from The month of january to May well this year, from the roughly Several,300 for the similar period last year.

A strong benefit for 100 Palms Households will be the location, from the well-established vicinity associated with Hougang and Serangoon Upper.

The biggest selling point is it’s proximity for you to Rosyth School. There exists still strong demand for ECs. Despite no brand new launches, they have managed to promote in the region of Seven-hundred units. It turned out positive in the sense that consumers were picking up previous launches. There is even now momentum.

Developers sold A single,394 private residences last month, that 370 were EC rentals.

The top-selling undertaking in May, Sol Acres in Choa Chu Kang Grove, was also an EC. ECs on the market have only about Fifteen per cent of these stock remaining unsold. The last (forthcoming project), in Anchorvale Lane, may launch in February next year, at the original.

For 100 Palms Homes, with no the latest launches in the vicinity and it staying near a great school, (your launch) needs to be interesting.

Comments are Disabled