There is a new Executive Condominium called Hundred Palms Residences. It is slated to open for sale later in 2017. The location is attractiveand its proximity to the renowned Rosyth School will see significant demand for the upcoming residential development.
The land parcel of approximately 198,519 sqft was released in Feb 2016 and has plot ratio of 2.8. The site was won by Hoi Hup Realty and it has the maximum allowable gross floor area of approximately 555,246 of which will translate to a yield of over 520 residential apartments which amounts to approximately S$331.02 per sq ft per plot ratio. This 99 year leasehold parcel is seen by many to be very attractive because it is nestled in mature housing estate and has a pool of potential buyers sitting on the sidelines. Hundred Palms Residences is also close to amenities like Hougang 1 Mall and is within 1 kilometer to the renowned Rosyth School that offers the Gifted Education Programme.
According to offical releases, Hundred Palms Residences EC will consist of 9 Blocks – 15 Storey, which holds up to 531 residential units. The Hundred Palms EC will feature a host of modern amenities with a grand 50 metre lap pool, luxurious indoor adventure gym, as well as an indoor high society club house, which is the first of its kind, that will be host to events such as fashion shows and contemporary art displays. Most of the units will be 3-bedroom ones. There will also be few 4- and 5-bedroom units for select buyers. In terms of view, there will be two main types – Hougang Ave 9 facing and Yio Chu Kang Road facing. See Hundred Palms Floor Plans.
The Hundred Palms Residences project promises to be a tranquil and serene hideaway for families, and that too in the heart of Hougang. As stated before, the project is located in District 19 in the Yio Chu Kang area. For shopping needs, there is the Hougang 1 neighbourhood shopping centre, which boasts a variety of F&B, supermarket, and entertainment establishments. Outlets such as Sakae Sushi, KFC, and Fairprice are present in the shopping centre, which is just a few minutes’ walk from the Hundred Palms project. The Hundred Palms at Yio Chu Kang Road is also close to the Hougang mall, which can provide additional resources for resident’s daily shopping needs.