Hundred Palms Residences EC – New EC in Yio Chu Kang by Hoi Hup is going to be launch in the mid of this year at an very attractive and affordable pricing. This EC is targeting young families and HDB upgraders in the nearby region. IF you are interested please register your interest today to receive a private invitation to view Hundred Palms Residences showflat once it is open for private viewing. Hundred Palms Residences showroom viewing during our pre-launch is strictly by private invitation only. After that then it will be open to the public for sale of the remainder units. Hurry and register your interest today to enjoy best pricing, discount, and choice selection of units today!
Hundred Palms Residences – The Development and Facilities
Hundred Palms Residences Executive Condominium is developed by Hoi Hup and will feature full condominium facilities with a range of bedroom types to choose from. Stay tuned for the latest updates and information coming to you soon. Register your interest in the form for a private viewing of Hundred Palms Residences Showroom to gain VIP excess for our pre-purchase. Hundred Palms Residences Showflat viewing is strictly on an appointment basis for registered buyers only.
Hundred Palms Residences – The Location
Hundred Palms Residences is the latest Executive Condominium launch in Yio Chu Kang. The long awaited launch is set to target HDB upgraders in the estate. With not many launch over the past many years in the area, Hundred Palms Residences is set to fill in the gap offering an opportunity for buyers to upgrade.
Located in District 19, Hundred Palms Residences is surrounded by many good schools including Rosyth School, Bowen Secondary School, and Serangoon Junior College. Just behind Hundred Palms Residences, residents can conveniently walk over to Hougang 1 mall which offers outlets including NTUC Fairprice for their daily necessities, F&B outlets including KFC, Sakae Sushi, and many more. Further down over at Ci Yuan Community Club where you can find a coffeeshop with many food varieties. If that is not enough, a short drive away will take residents to other nearby shopping malls including Heartland Mall, Hougang Plaza, The Midtown, Serangoon Gardens, and Greenwich V.
Hundred Palms Residences is well connected via major roads and expressway including Central Expressway to take you to city, or Tampines Expressway to take bring you to the East.
Register your interest today for a private viewing for Hundred Palms Residences Showflat. Viewing strictly by appointment only.
Hundred Palms Residences – Land Bid Price
YCK EC TenderYio Chu Kang EC plot have garnered many interest among developers. Despite the suppress market, the plot have attracted many high bidders in early 2016. Set to launch in mid 2017, YCK EC is no where near any MRT. However, there are no EC launches for a very long time in this mature HDB estate region. Conveniently located near many good schools and amenities (e.g Hougang 1 Mall), this development will attract many potential HDB upgraders and first timers from this part of town.
Yio Chu Kang EC have attracted a total of 10 bidders, with Hoi Hup Realty winning the top bid of S$183.8 million, or S$331.02 psf ppr (per square foot per plot ratio). This translates to a rough breakeven cost of slightly above S$700 psf. Hoi Hup director have stated that their target selling price will be around S$800 psf on average. This indicative pricing may change and will depend on market condition during the time of launch. Coming in second is Nanshan Group Singapore at 6.1% lower than the top bid. Yio Chu Kang EC is looking to launch about 560 units, with majority of the unit will comprise of 3 bedrooms, followed by 4 bedrooms. The minority will be 2 and 5 bedrooms.
Analyst have stated that the absence of new EC supply in this region and surrounding Hougang, Serangoon, and Ang Mo Kio, have resulted in a competitively high bid among the developers. Thus, the demand and potential for take up rate will likely be positive.
Hundred Palms Residences EC Factsheet
Project Name: Hundred Palms Residences
Developer: Hoi Hup Realty
Landscape Architect: TBC
Address: Yio Chu Kang Road
Brief Description: Proposed residential executive condominium featuring 9 blocks of 15 storey development with full condominium facilities
Site Area: est. 51,583 sqm / 555,246 sqft
Tenure: 99 years leasehold
Total Units: 531 units, to be confirmed
Estimated T.O.P: TBC
Estimated Legal Completion: TBC
YCK EC Nearby Schools
- Hougang Primary School
- Rosyth School
- Xinmin Primary School
- Yio Chu Kang Primary School
- Fernvale Primary School
- Holy Innocents’ Primary School
- Montfort Junior School
- Palm View Primary School
- Punggol Primary School
- Zhonghua Primary School