Hundred Palms Residences Executive Condominium (EC) is a new launch residential development by Hoi Hup Realty Pte Ltd. The 1.8 hectare site is found along Yio Chu Kang Road, next to Bowen Secondary School. The acreage was highly challenged among developers, attracting 10 bids as well as a top bid of $183.8 million, or $331.02 per square foot per plot ratio. The closest stations is merely a brief drive or bus ride away while the Yio Chu Kang EC is not being near to any MRT stations.
Strong Interest shown in YCK EC
Hundred Palms Residences is anticipated to demonstrate a strong level of interest in sales. Nestled in a matured HDB estate, a wide array of amenities like shopping mall, schools and recreational facilities surrounds the Hougang EC. Future homes could be served. Hougang 1 mall, which is previously called Hougang Point, has a host of new and recognizable F&B, retail, health and beauty, and enrichment choices housed under the brand new bright and spacious interior, Hougang 1 remains the pulse of the neighbourhood where families and friends can shop, dine and relax.
Good variety amenities around Hundred Palms
For more shopping and dining choices, NEX Shopping Mall and Hougang Mall are both within 10 minutes ride away. Hundred Palms Residences EC is also a rock’s throw away from Rosyth School which introduced an appealing alternative for young couples who are looking to enrol their children in the school and runs the Gifted Education Programme.
No ECs are released in the Hougang/Yio Chu Kang region for a long while, with The Topiary being the most recent in late 2012. Hundred Palms Dwellings EC will most likely be established in July 2017, one of the only two executive condominiums anticipated to be launched in 2017. ECs are a public-private hybrid home form with first buyer qualification and resale states which are totally revoked 10 years after an EC project was completed. The income ceiling for EC buyers is $14,000, corrected in August 2015.