{"id":103980,"date":"2019-02-14T14:21:12","date_gmt":"2019-02-14T07:21:12","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/the-florence-residences-to-benefit-from-new-mrt-stations\/"},"modified":"2019-02-14T15:03:46","modified_gmt":"2019-02-14T08:03:46","slug":"the-florence-residences-to-benefit-from-new-mrt-stations","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/the-florence-residences-to-benefit-from-new-mrt-stations\/","title":{"rendered":"The Florence Residences to benefit from new MRT stations"},"content":{"rendered":"


\nThe new condo is near the existing Hougang MRT station, which will become an interchange station along the highly-anticipated Cross Island Line.
\nHong Kong-listed Logan Property is set to preview The Florence Residences on Saturday (16 Feb). Located in the Kovan area in District 19, the new condominium is just a short walk from the existing Hougang MRT station on the North East Line. This station will also become an interchange station along the highly-anticipated Cross Island Line (CRL).
\nUpon its completion by 2029, the CRL will connect important areas in eastern and western Singapore, like the Jurong Lake District, Punggol Digital District and Changi.
\nSEE ALSO: The complete guide to buying a new launch condo in Singapore
\nThe 29km-long Phase I of the rail project is expected to cater to more than 100,000 households and will cut travel time by up to 70 minutes. The first phase will comprise 12 MRT stations from Bright Hill in central Singapore to Changi\u2019s Aviation Park.
\n\u201cThe convenient location also puts a host of readily available amenities at the fingertips of residents, coupled with advantageous MRT stations and major expressways just minutes away,\u201d said CB Chng, executive director at Logan Property Singapore.
\nThe Florence Residences, which is also close to the existing Kovan MRT station, features a total of 1,410 condo units spread across nine 18-storey blocks standing on a 389,239 sq ft site. Buyers can choose from one- to five-bedroom apartments from 474 sq ft to 1,679 sq ft. About 43 percent of the units are two-bedders spanning between 624 sq ft and 753 sq ft.
\nIndicative prices start from $678,000 for the one-bedroom units.
\nThe 99-year leasehold project is being built on the former Florence Regency site, a 336-unit privatised HUDC estate acquired by Logan Property in 2017 via collective sale for $629 million, which translates to a land rate of $842 psf per plot ratio.
\nExpected to be completed by 2023, The Florence Residences is the developer\u2019s second project in Singapore. Logan Property is also jointly developing the 1,259-unit Stirling Residences in Queenstown with Nanshan Group.
\nInterested buyers can visit the sales gallery of The Florence Residences in Hougang Avenue 10 from Saturday onwards.
\nCan you afford a condo in Singapore? Check your\u00a0affordability\u00a0now.\u00a0Get more details on the\u00a0property market outlook for 2019
\n\u00a0
\nRomesh Navaratnarajah, Senior Editor at PropertyGuru, edited this story. To contact him about this or other stories, email\u00a0romesh@propertyguru.com.sg
\n
\nSource : proppertyguru.com.sg\/Property Market
\nRead more…The Florence Residences to benefit from new MRT stations<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

The new condo is near the existing Hougang MRT station, which will become an interchange...<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[1],"tags":[],"class_list":["post-103980","post","type-post","status-publish","format-standard","hentry","category-property-news"],"jetpack_featured_media_url":"","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-r36","jetpack-related-posts":[{"id":120975,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/construction-works-on-ang-mo-kio-mrt-interchange-station-to-commence-in-q4\/","url_meta":{"origin":103980,"position":0},"title":"Construction works on Ang Mo Kio MRT interchange station to commence in Q4","date":"July 21, 2021","format":false,"excerpt":"\r The new CRL station will allow commuters to save 70 minutes of travel time between Ang Mo Kio and Aviation Park, bringing it to just 35 minutes. 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