Hundred Palms Residences EC on Yio Chu Kang Road has brought great interest from property developers, with the highest of ten bids amounting to S$ 183.8 million, the Housing and Development Board (HDB) said at the close of bid (Feb 18).
The 99-year leasehold site, released from the Confirmed Record of the second half of the 2015 Authorities Land Sales plan, sits on 198,302 sq ft of property. With a plot ratio of 2.8, the website has a maximum allowable gross floor area of about 555,246 sq ft and could yield an estimated 520 units.
Hundred Palms Yio Chu Kang Finally Launching Soon!
The Housing and Development Board (HDB) has sold a residential state land in Yio Chu Kang
Road as a portion of Government Land Sales (GLS), in Q1of 2016. This land lot is
By Hougang Lorong Napiri and Avenue 9, found at along Yio Chu Kang Road, bounded
the mature North East Region of Singapore. It is recorded under the confirmed list of sites and is
to be developed into Executive Condo (EC). It’s a site region of 198,519 square feet and
will house about 531 (proposed) residential apartments.
Hoi Hup Realty won the very best bid of S$183.8 million, translating to S$331.02 psf per plot ratio (psf ppr) and the breakeven cost will be about S$660 psf ppr.
Homeowners of this coming and new EC at Yio Chu Kang Road can quickly reach to Buangkok, Hougang and Kovan MRT Stations. And it’s only 1 station away to Serangoon MRT Interchange where citizens of Hundred Palms Residences EC can conveniently change to the Circle Line. Within the area, there is additionally Serangoon Bus Interchange for residents to access to a number of bus services providing a conduit of comforts for them to commute to numerous areas of Singapore.