Little History Review About The En-bloc formally Florence Regency to The Florence Residences
We are formerly known as Florence Regency at Hougang Avenue 2, now named as The Florence Residences, with Chinese name as 悦湖苑. Previously it was finally been sold to Logan Property Developers, a Chinese developer. This collective sale was marked by a deal worth S$629 million for the transfer of ownership of the property. The sale comes after the rejection of bids exceeding the S$600 million reserve price set by the owners of The Florence Residences Condo (Former Florence Regency)
The public tender for the en block sale of this property had closed with 3 top bidders refusing to increase their bid prices to meet the stipulated valuation in the collective sale agreement by law firm Lee $ Lee. The collective sale agreement that no sale price lower than the valuation price of The Florence Residences Condo should be accepted. This requirement prompted drove JLL to court other interested developers to ensure that the bid attained the deal under the agreement before the ten weeks of the close of the public tender are over.
According to the 2014 master plan, The Florence Residences Condo that sits on a 386, 236 sq ft is zoned for development of the residential property and has a GPR of 2.8. With considerations to the current estimated differential premiums worth S$288.6 million which is payable to the government to add the lease period to 99 years including the development of the land to a GPR of 2.8, the land price of the Florence Residences Condo translates to around S$842 psf ppr.
The site housing The Florence Residences Condo becomes the second site owned by Logan Property after it broke into news following their joint record-breaking bid worth $1.003 billion with Nanshan Group for ownership of the 21, 109 square meters site situated off Stirling Road. In fact, it was the first time for a purely residential site in the GLS programme to cross the billion-dollar mark.
The Florence Residences Hougang is located next to a bus interchange of Hougang Mall and near Hougang MRT station. Also, the Kovan MRT station along Upper Serangoon Road is just a walking distance away from the Florence Residences.
We are formerly known as Florence Regency at Hougang Avenue 2, now named as The Florence Residences, with Chinese name as 悦湖苑. Previously it was finally been sold to Logan Property Developers, a Chinese developer. This collective sale was marked by a deal worth S$629 million for the transfer of ownership of the property. The sale comes after the rejection of bids exceeding the S$600 million reserve price set by the owners of The Florence Residences Condo (Former Florence Regency)
The public tender for the en block sale of this property had closed with 3 top bidders refusing to increase their bid prices to meet the stipulated valuation in the collective sale agreement by law firm Lee $ Lee. The collective sale agreement that no sale price lower than the valuation price of The Florence Residences Condo should be accepted. This requirement prompted drove JLL to court other interested developers to ensure that the bid attained the deal under the agreement before the ten weeks of the close of the public tender are over.
According to the 2014 master plan, The Florence Residences Condo that sits on a 386, 236 sq ft is zoned for development of the residential property and has a GPR of 2.8. With considerations to the current estimated differential premiums worth S$288.6 million which is payable to the government to add the lease period to 99 years including the development of the land to a GPR of 2.8, the land price of the Florence Residences Condo translates to around S$842 psf ppr.
The site housing The Florence Residences Condo becomes the second site owned by Logan Property after it broke into news following their joint record-breaking bid worth $1.003 billion with Nanshan Group for ownership of the 21, 109 square meters site situated off Stirling Road. In fact, it was the first time for a purely residential site in the GLS programme to cross the billion-dollar mark.
The Florence Residences Hougang is located next to a bus interchange of Hougang Mall and near Hougang MRT station. Also, the Kovan MRT station along Upper Serangoon Road is just a walking distance away from the Florence Residences.
DEVELOPER OF FLORENCE RESIDENCE – LOGAN HOLDINGS
Logan Property Holdings is a property investment company that was founded in 1996. The company is engaged in the development of residential properties in the PRC, largely the Guangdong-Hong Kong-Macao Greater Bay Area. Their products are focused on winning new homeowners and upgraders. In 2013, the Group was listed on the main board of Stock Exchange of Hong Kong with stock code: 3380.HK.
The company has Grade-A qualification in engineering designs, general contracting of constructions, property development and is among the reputable property companies in The Peoples Republic of China in terms of quality developments. In 2017, Fortune China’s Top 500 Enterprises ranked the company at position 295. In 2018, the group claimed position 26 in the China Top 100 Real Estate Developers and held the 4th position in the Top 10 Most Profitable Companies.
Logan Properties has gained recognition in the market courtesy of its hard work and good governance. The company also invests a lot into the design and engineering of their projects which has set them apart from other developers in the market.
Logan Property Holdings is a property investment company that was founded in 1996. The company is engaged in the development of residential properties in the PRC, largely the Guangdong-Hong Kong-Macao Greater Bay Area. Their products are focused on winning new homeowners and upgraders. In 2013, the Group was listed on the main board of Stock Exchange of Hong Kong with stock code: 3380.HK.
The company has Grade-A qualification in engineering designs, general contracting of constructions, property development and is among the reputable property companies in The Peoples Republic of China in terms of quality developments. In 2017, Fortune China’s Top 500 Enterprises ranked the company at position 295. In 2018, the group claimed position 26 in the China Top 100 Real Estate Developers and held the 4th position in the Top 10 Most Profitable Companies.
Logan Properties has gained recognition in the market courtesy of its hard work and good governance. The company also invests a lot into the design and engineering of their projects which has set them apart from other developers in the market.
THE FLORENCE RESIDENCES
Project NameThe Florence Residences (悦湖苑)
District: 19
Developer: Florence Development Pte. Limited (A unit of Logan Property Singapore)
Address: 718 Hougang Avenue 2 Singapore 530718
Showflat Location: Hougang Ave 2
Developer Sales Hotline+6592727999
Est Indicative Selling Price Range Above S$ psf
Tenure 99 Years Leasehold
Description:
The Florence Residences, former Florence Regency, re-developed by Logan Property Singapore. For official details project details, floor plans, showflat appointment to be obtained at https://www.sgpropertycity.com/the-florence-residences.html
Site Area386,236 sqft
Project NameThe Florence Residences (悦湖苑)
District: 19
Developer: Florence Development Pte. Limited (A unit of Logan Property Singapore)
Address: 718 Hougang Avenue 2 Singapore 530718
Showflat Location: Hougang Ave 2
Developer Sales Hotline+6592727999
Est Indicative Selling Price Range Above S$ psf
Tenure 99 Years Leasehold
Description:
The Florence Residences, former Florence Regency, re-developed by Logan Property Singapore. For official details project details, floor plans, showflat appointment to be obtained at https://www.sgpropertycity.com/the-florence-residences.html
Site Area386,236 sqft
RESIDENTS OF THE FLORENCE RESIDENCES CONDO WILL ENJOY IN HOUGANG DISTRICT 19, SINGAPORE
Whether you are looking for the best place to invest in or a place to make your home, you can never go wrong with The Florence Residences. It is situated at Hougang, a part of Singapore that is matured and features a robust infrastructure that is constantly developing to meet the needs of residents.
Besides, the prime location of The Florence Residences allows the future residents to access various amenities and facilities in this region conveniently. The residential units are set to inject an exciting lifestyle never seen in the neighbourhood. Developer Logan Property has an established record, and this project is certainly going to be another breakthrough for them. This makes The Florence Residences a lucrative investment which is attractive to both investors and home buyers.
Here are some of the benefits you will enjoy living in Hougang
Besides, the prime location of The Florence Residences allows the future residents to access various amenities and facilities in this region conveniently. The residential units are set to inject an exciting lifestyle never seen in the neighbourhood. Developer Logan Property has an established record, and this project is certainly going to be another breakthrough for them. This makes The Florence Residences a lucrative investment which is attractive to both investors and home buyers.
Here are some of the benefits you will enjoy living in Hougang
THE FLORENCE RESIDENCES – PRIME CONNECTIVITY
Living in a comfortable environment is great but if you desire for better living conditions then you must look beyond the compound settings. The Florence Residences Condo is an ideal place to reside as it is well positioned to allow you comfortably access the amenities around Hougang area. Besides, the ongoing developments in transportation will boost connectivity in the region once completed.
For instance, the Cross Island Line development will be launched soon and will contribute a lot to the vibrancy offered by Hougang Mall and Hougang MRT. The fact that these two prominent landmarks are a few distances away from The Florence Residences means that its residents will benefit a lot from the shuttle services for greater convenience.
You will also enjoy the closeness of The Florence Residences to Hougang Sports Centre where you can visit if you are on a fitness program for routine workouts. The Serangoon Park Connector is also just a few distances away from The Florence Residences Condo. Additionally, Coney Island, Lorong Halus Wetland, and Punggol Waterway are just at your doorstep from The Florence Residences Condo. With such conveniences, your weekends and holidays are about to change for the better.
Hougang is also well connected to healthcare and hospital facilities. Access to medical care is essential when living in any residential area whether you are a retiree, senior, or a family person with young children. It allows you to easily get medical assistance whenever emergencies arise in your different stages of life. Make The Florence Residence Condo your home and conveniently access great hospitals and healthcare institutions in the area such as Bright Vision Hospital, Hougang Polyclinic and more..
Living in a comfortable environment is great but if you desire for better living conditions then you must look beyond the compound settings. The Florence Residences Condo is an ideal place to reside as it is well positioned to allow you comfortably access the amenities around Hougang area. Besides, the ongoing developments in transportation will boost connectivity in the region once completed.
For instance, the Cross Island Line development will be launched soon and will contribute a lot to the vibrancy offered by Hougang Mall and Hougang MRT. The fact that these two prominent landmarks are a few distances away from The Florence Residences means that its residents will benefit a lot from the shuttle services for greater convenience.
You will also enjoy the closeness of The Florence Residences to Hougang Sports Centre where you can visit if you are on a fitness program for routine workouts. The Serangoon Park Connector is also just a few distances away from The Florence Residences Condo. Additionally, Coney Island, Lorong Halus Wetland, and Punggol Waterway are just at your doorstep from The Florence Residences Condo. With such conveniences, your weekends and holidays are about to change for the better.
Hougang is also well connected to healthcare and hospital facilities. Access to medical care is essential when living in any residential area whether you are a retiree, senior, or a family person with young children. It allows you to easily get medical assistance whenever emergencies arise in your different stages of life. Make The Florence Residence Condo your home and conveniently access great hospitals and healthcare institutions in the area such as Bright Vision Hospital, Hougang Polyclinic and more..
PROXIMITY TO RESPECTABLE SCHOOLS TO THE FLORENCE RESIDENCE
When looking for the next place to call your home, never forget the golden rule of real estate that it’s more than just purchasing a home. Settling in an area means that you are becoming part of an existing neighbourhood. But, not all neighbourhoods are the same. Although they say there is no perfect neighbourhood, parents living at The Florence Residences Condo will appreciate the closeness of good schools to their home making it an ideal place for you since it accommodates your concerns. Not only are the schools surrounding The Florence Residences Condo great for your kids, but they also add value to the neighbourhood making it a highly sought-after residential area Here are some of the top-ranking schools around The Florence Residences Condo:
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Great Investment Opportunity – Potential Tenant Pool
Are you looking for the best investment opportunities? The Florence Residences Condo is worth your consideration. Its residential units are just a few minutes from workplaces which adds to the convenience. You don’t want to spend a substantial amount of time travelling to and from work. Besides, if you are planning to rent the property out, then it’s still a great investment opportunity. The proximity to the city provides you with a pool of tenants making the investment quite lucrative.
Are you looking for the best investment opportunities? The Florence Residences Condo is worth your consideration. Its residential units are just a few minutes from workplaces which adds to the convenience. You don’t want to spend a substantial amount of time travelling to and from work. Besides, if you are planning to rent the property out, then it’s still a great investment opportunity. The proximity to the city provides you with a pool of tenants making the investment quite lucrative.
The Florence Residences Condo Near Hougang Defu Lane
There are plans to redevelop Defu Industrial Park to increase its industrial floor space. This implies that there will be plenty of job opportunities not to mention a beautiful work environment that features amenities centre and a cycling network. Furthermore, the redevelopment of Defu City Centre will attract various businesses making it a great commercial hub. You conveniently access a wide range of amenities here including childcare centres, medical clinics, convenience store, and F&B outlets among others. The Florence Residences is located right next to these, and its residents can take advantage of the proximity.
The upcoming Lorong Halus Industrial Park, modern industry park targets light and clean industries including logistics, lifestyle, food and will also feature exciting riverfront lined with luxurious greenery.
There are plans to redevelop Defu Industrial Park to increase its industrial floor space. This implies that there will be plenty of job opportunities not to mention a beautiful work environment that features amenities centre and a cycling network. Furthermore, the redevelopment of Defu City Centre will attract various businesses making it a great commercial hub. You conveniently access a wide range of amenities here including childcare centres, medical clinics, convenience store, and F&B outlets among others. The Florence Residences is located right next to these, and its residents can take advantage of the proximity.
The upcoming Lorong Halus Industrial Park, modern industry park targets light and clean industries including logistics, lifestyle, food and will also feature exciting riverfront lined with luxurious greenery.
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