Buying a home is a big one-time investment and that has to be done wisely. Hougang is in great demand these days with regards to booming Real estate market in the town. One such project is garnering a huge response from the locals, is the Hundred Palm Residences Executive Condos Project located at Yio Chu Kang Road near Hougang Ave 9. The final closing bids for the project have raked in huge response and interest. The reason being civilians get to invest or own an Executive Condo development which is near to esteemed schools and colleges, Shopping and recreational zones which one would not want to be missed. Those who have not yet registered for the project can do it now while the construction is in progress.
Why go for Hundred Palm Residences Executive Condos?
The ongoing project is exceptional as the investors and the buyers would get the opportunity to have their Executive Condo Development, which has been quite popular since some time in Hougang. As the project provides a rare opportunity, it has garnered media as well as potential investor’s attention. The exact location of the project is between Hougang Ave 9 and Lorong Napiri. There would definitely surge in prices as and when the project gets finished. So before the prices rise or the units are sold or are up for a resale, those interested must be connected and stay updated regarding prices and remaining condos in the project.
But what is the Difference between Private Condos and Executive Condos?
There is not much of difference between these two types of Condos. Only executive Condos are much more affordable and are good for investors as they get a good deal at a lower price and can sell them at a higher value in long term. All other facilities like Clubhouse, Pool, Security features, Gym etc are available in both types of Condos.
About Executive Condos at Hundred Palm
As stated by the developer, there would be 9 blocks with 15 storeys each in the project. This is approximately 560 units out of which 70% of these will be 3BR, 15% would be 4BR and the rest15% would be divided into 2BR and 5BR. The project is likely to have a basement car parking, Dining facility, Pool, Function center, Gym, Clubhouse as well. Going by the previous projects of Hundred palms, there is a possibility of green touch to the condos with natural trail or garden. For getting regular updates, stay connected and has a glance at the project Brochure as well.
A smart Investment Option – Executive Condos
It is said that Executive Condos are rather fruitful Investments for the investors as well as buyers. These Condos are usually priced 15-30% less than the Private Condos and have around 12.6% less price for each Sq Ft than other houses available. With being marginally cheap to the buyers, Executive Condos get a good resale value making it a smart buy option. The profit margins are usually high because of this in EC. According to reports, non-landed properties yield returns of around 15% while in EC, capital gains can be as good as 56%.
The Hundred Palms Executive Condos are said to be priced at $750-$800 per Sq foot. This can vary as per fluctuations in the market.
EC make a good buy option for first-time homebuyers having $30,000 grant by Central Provident Fund Housing Grant.
Similar Executive Condos Projects nearby
It is not that hundred Palms is the first one to have project on EC. There are a few completed projects of EC in the nearby area of Hundred-palm EC project, but the luxuries and amenities provided by Hundred Palm Residences Executive Condos are affordable attracting more buyers. The nearby Anchorvale Crescent project of EC was completed in the year 2015 priced at $280 Per Sq ft but since then it prices increased to $750 at present as per Property Guru data reports. The Florida is another EC project which was completed in the year 2000 with launch price of $351-$521 Per sq ft rates which have now surged up to $705. Thus with an approx value of $750-$800 psf, Hundred Palms Residences along with close proximity to schools, transportation and recreational faculties, many investors are estimated to be attracted towards the project. To avail the early bird prices, potential buyers and investors should register for an EC before the prices start to rise.
Esteemed Real Estate Developer – Hoi Hup Realty PTE Ltd
Hoi Hup Realty is the developer of Hundred Palms Residences EC who is a well-known and prestigious developer in the real estate market having a vast and diverse portfolio of around 900 completed residential projects. They are famous for the iconic structures built in the Singapore like The Ford @ Holland as well as The Waterforce Residence. The Incredible designs and residential amenities developed in the Condos by the developers indicate the expectations from Hundred Palm Residences Executive Condos. They are recognised with their stylish and modern sense of design incorporating using Glass, steel and various materials and optimally using the open spaces. Those having keen interest in Hundred Palm residence EC by Hoi Hup realty should be updated regarding the project progress and other development details.
Schools Near to the Hundred palm Residence EC project
The Hundred Palms have proximity to esteemed and highly ranked Schools and educational Institutions within 4 Km of range. There are various schools in the range of less than a kilometer from the project. With such prestigious schools are situated near to Palm residences, it would make the education of your children more competitive along with
Safety due to its neighborhood
Some of the schools which are near to the Hundred Palm Residences Executive Condos are-
• Yio Chu Kang Chapel Kindergarten
• PCF Serangoon BLK
• Jenius Kindergarten
• St Vincent De Paul Kindergarten
• Al Istqamah Mosque Kindergarten
• Rosyth School
• Xinmin Primary School
• Hougang Primary School
• Xinmin Secondary School
• Bowen School
• Hougang Secondary School
• Serangoon garden Secondary School
Other Recreational Centres near to Hundred Palm Residences Executive Condos
Being plethora of options available to shop and have fun near to Hundred Palm EC, the residents will not have to travel much for these. Hougang One, the newly renovated mall is at the most proximity to the project (0.3 Km) consisting of retail stores, shopping centers, multiplexes, and spas. The other malls nearby are The Heartland Mall, the Greenwich V and
Hougang Green Shopping center
Famous restaurants and Dining places like Hougang Street 21 Good Centre, Chomp Chomp Food center are nearby along with various Supermarkets for routine Grocery shopping like The Sheng Siong, the Giant and The Fairprice are near to the ECs.
Advantages of Government Developmental plans to Hundred Palm Residences Executive Condos
With government planning to have Urban Redevelopment Authority, a Community club to be located at Avenue 9 in Hougang, retail Developments in Hougang Central, Avenue 7, Buangkok Drive, Children parks, Industrial parks and a Hougang MRT station connecting to all major routes of town, Hundred Palm residents can avail the benefits all of these and enjoy facilities and Developments done in the town.