The Florence Residences opened for preview today (Feb 16). According to the 2014 master plan, The Florence Residences Condo that sits on a 386, 236 sq ft is zoned for development of the residential property and has a GPR of 2.8. With considerations to the current estimated differential premiums worth S$288.6 million which is payable to the government to add the lease period to 99 years including the development of the land to a GPR of 2.8, the land price of the Florence Residences Condo translates to around S$842 psf ppr.
The Florence Residences condo at Kovan boasts itself as a unique club-condo” that is set to offer homebuyers the lifestyle experience of a club and the lavishness of The Florence Residences Kovan living in a private condominium. The Florence Residences is a new, 99-year leasehold launch at Hougang Avenue 2, within the mature estate of Kovan (District 19).
The nearest bus stop along Hougang Ave 2 has buses that take you to areas like Yishun, Bishan, Ang Mo Kio, Punggol and Bukit Merah, while the buses at the bus stop along Upper Serangoon Road (6-min walk) will take you to neighbourhoods such as Serangoon, Sengkang and Tampines.
Founded in 1996, Logan Property Holdings Company Limited (Logan Property” or the Group”, stock code：) is an integrated property developer focusing on residential property development in the PRC, mainly the Guangdong-Hong Kong-Macao Greater Bay Area, with its products primarily target first-time homebuyers and up-graders.
The Florence Residences offers 1,410 units with a variety of 1-bedroom to 5-bedroom layouts Priced affordably, this highly anticipated development with 128 facilities and 12 club concepts means residents will have a host of lifestyle options at their doorstep.
Data trends over the past five years appear to support the increasing popularity of private condominiums in District 19 (D19): The volume of private apartments transacted in the area has enjoyed a close to 3x increase from 846 in 2014 to 3,297 in 2018 based on data from Researcher tool and the Urban Redevelopment Authority (URA).
Formerly known as Florence Regency, Florence Residences is located at Hougang Avenue 2 along Upper Serangoon Road; nestled amid the abundant greenery and good class bungalow areas of the mature, private residential estate of Kovan within the town of Hougang.
With the Town Centre just a stone's throw away, The Florence Residence's future residents will get to enjoy daily conveniences in terms of their daily shopping, dining and leisure needs with the shopping malls available such as Hougang Mall and Kang Kar Mall and The Midtown.
Instead of being restricted or limited to have only a single MRT station near the development, one get to immediately enjoy 2 MRT stations plus the added advantage of the new MRT stations to be completed. The two malls sit side by side and face the condo just 150 meters away, so you can walk with friends along the picturesque Hougang Avenue to grab a snack and have a good time.
The extended gathered closeout of the previous Florence Regency at long last arrived at an end in October 2017, the development was offered to Hong Kong recorded Logan Property. The rest of the units will enjoy the club facilities, with swimming pool or greenery view, just like resort style.
Punggol Waterway Point & Compass One Mall is 2-3 train rides from Hougang MRT. Formerly known as Florence Regency, the plot of residential development went through an en bloc sale under private treaty by Chinese property developer Logan Property (Singapore) at valuation price of S$629 million.
We are very happy that The Florence Residences is just an eight-minute walk away from Kovan MRT and one MRT stop from the Integrated Transport Hub at Serangoon. The Florence Residences is a brand new condominium project located at 81, 83, 85, 87, 89, 91, 93, 95, 97 Hougang Ave 2. The new Kovan Condo will comprise of 1410 units with communal facilities.