{"id":59054,"date":"2017-06-27T10:50:31","date_gmt":"2017-06-27T03:50:31","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/e-applications-open-this-wednesday-for-hundred-palms-residences-ec\/"},"modified":"2017-06-27T10:59:00","modified_gmt":"2017-06-27T03:59:00","slug":"e-applications-open-this-wednesday-for-hundred-palms-residences-ec","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/e-applications-open-this-wednesday-for-hundred-palms-residences-ec\/","title":{"rendered":"E-applications open this Wednesday for Hundred Palms Residences EC"},"content":{"rendered":"


\nArtist\u2019s impression of Hundred Palms Residences at Yio Chu Kang Road.
\nThe executive condominium (EC) market is set to stir back to life with the launch of Hundred Palms Residences at Yio Chu Kang Road.
\nE-applications open this Wednesday and run until 10 July, while sales bookings start on 15 July.\u00a0
\nThis is only the second EC project to launch in 2017 following iNz Residence at Choa Chu Kang in February.
\nDeveloped by Singapore-based Hoi Hup Realty, Hundred Palms Residences comprises nine 15-storey blocks of 531 three- to five-bedroom units.
\nOver 80 percent of the units are three-bedroom layouts sized from 883 sq ft to 1,227 sq ft. The rest are four- and five-bedders from 1,270 sq ft to 1,636 sq ft. Official pricing details have not yet been released.
\nEach unit comes with a smart home system that allows homeowners to remotely control the lighting and air conditioning via a mobile app. They can also use it to book condominium facilities, pay maintenance fees, and arrange for home cleaning services.
\nThe 99-year leasehold project is expected to obtain its TOP in 2020.\u00a0\u00a0
\nHoi Hup Realty was awarded the 1.8ha site in February last year after submitting the top bid of $183.8 million, which works out to $331 psf per plot ratio.
\nR\u2019ST Research Director Ong Kah Seng noted that sales of new ECs have improved since 2016 due to more attractive launch prices, which have been in the range of $750 to $800 psf.
\n\u201cGenerally, sentiment has improved significantly for private home sales, and this has spilled over to ECs as well,\u201d said Ong.
\nIn May, developers sold 370 EC units, with the bulk of sales coming from Sol Acres \u2013 the best-selling residential project in the month. Located in Cho Chu Kang, the previously launched EC moved 116 units at a median price of $794 psf.
\nMeanwhile, Ong expects Hundred Palms Residences to attract keen buying interest due to its mature location. Nearby amenities include Hougang 1 shopping mall, Rosyth School and Serangoon Junior College.
\nComparatively, other EC projects launched since 2010 have been located further out in areas such as Sengkang, Punggol, Pasir Ris, Sembawang and Woodlands, noted Ong.
\nAs such, he feels that units at Hundred Palms Residences could command slightly higher prices compared to other ECs going at about $750 to $780 psf. \u201cA good price for this project should be $800 psf or more,\u201d said Ong.
\nHoi Hup Realty and partner Sunway Developments are also targeting to launch an EC project at Anchorvale Lane in Sengkang in the first quarter of 2018.
\nLocated beside Punggol Reservoir, the 2.1ha site is expected to yield over 600 units.\u00a0
\n\u00a0
\nRomesh Navaratnarajah, Senior Editor at PropertyGuru, wrote this story. To contact him about this or other stories, email romesh@propertyguru.com.sg
\n
\nSource : proppertyguru.com.sg\/Property Market
\nRead more…E-applications open this Wednesday for Hundred Palms Residences EC<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Artist\u2019s impression of Hundred Palms Residences at Yio Chu Kang Road. The executive condominium (EC)...<\/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-59054","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-fmu","jetpack-related-posts":[{"id":61540,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hundred-palms-residences-sold-out-in-one-day\/","url_meta":{"origin":59054,"position":0},"title":"Hundred Palms Residences sold out in one day","date":"July 23, 2017","format":false,"excerpt":"\r The launch of Hundred Palms Residences attracted hundreds of buyers. (Photo: ERA Realty Network) Property developer Hoi Hup Realty sold all 531 units (100 percent) at its Hundred Palms Residences executive condominium (EC) at Yio Chu Kang Road on launch day yesterday (22 July). Hundreds of buyers turned up\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":83921,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/rivercove-residences-ec-to-open-for-e-application-on-1-april\/","url_meta":{"origin":59054,"position":1},"title":"Rivercove Residences EC to open for e-application on 1 April","date":"March 28, 2018","format":false,"excerpt":"\r Artist\u2019s impression of Rivercove Residences, which offers views of Sungei Punggol. Rivercove Residences, the only new executive condominium (EC) launch in 2018, will open for e-application this Sunday (1 Apr), said developer Hoi Hup Sunway \u2013 a consortium comprising Hoi Hup Realty and Sunway Developments. Located along Anchorvale Lane\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":58034,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/new-private-home-sales-down-34-in-may\/","url_meta":{"origin":59054,"position":2},"title":"New private home sales down 34% in May","date":"June 16, 2017","format":false,"excerpt":"\r Artist\u2019s impression of Parc Riviera at West Coast Vale. Property developers in Singapore sold 1,024 private homes in May, down 34 percent from 1,558 units in April, according to latest numbers from the Urban Redevelopment Authority. Unlike the previous month which saw two major projects hit the market \u2013\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":61956,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/serangoon-ville-sold-en-bloc-each-owner-to-get-about-2m\/","url_meta":{"origin":59054,"position":3},"title":"Serangoon Ville sold en bloc, each owner to get about $2m","date":"July 27, 2017","format":false,"excerpt":"\r The former HUDC estate was purchased for $499 million by a consortium led by Oxley Holdings. The former HUDC estate Serangoon Ville has been sold in a collective sale to an Oxley Holdings-led consortium for $499 million, following the close of the tender exercise on 25 July. Each owner\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":65056,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/oxley-holdings-to-buy-yio-chu-kang-property-for-8-4-million\/","url_meta":{"origin":59054,"position":4},"title":"Oxley Holdings to buy Yio Chu Kang property for $8.4 million","date":"August 31, 2017","format":false,"excerpt":"\r View of the residential property at 208 Yio Chu Kang Road. Source: Google Maps Oxley Garnet, a wholly-owned subsidiary of property developer Oxley Holdings, has exercised options to purchase six housing units with vacant possession at 208 Yio Chu Kang Road for a total of $8.4 million, the group\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":8205,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/wandervales-prices-start-from-655000-for-a-3-bedder\/","url_meta":{"origin":59054,"position":5},"title":"Wandervale's prices start from $655,000 for a 3-bedder","date":"March 2, 2016","format":false,"excerpt":"\r The showflat at Wandervale. (Photo: Yasmin Beevi) Sim Lian Group has released prices for the 534-unit Wandervale executive condominium (EC) in Choa Chu Kang, the first major property launch this year. In a statement, the group said prices start from $655,000 for a three-bedroom unit, $753,000 for a three-bedroom\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/59054"}],"collection":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/comments?post=59054"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/59054\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=59054"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=59054"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=59054"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}