Executive Condominiums (EC) is the public-private hybrid housing project in Singapore. The government recently lifted the condition of resale after 10 years thus ECs are liked to be more viable project down the line. The project land of Hundred Palms Residences EC tendered for sale is situated alongside Yio Chu Kang Road, surrounded by Hougang Avenue 9 and LorongNapiri located at the North-Eastern Region. High participation of many renowned developers of Singapore in the bid, and the competitive price of the bid for the residential site in Yio Chu Kang Road for development of Yio Chu Kang EC is clearly indicative that there is significant potential demand for them. Market analysts are pointing towards the two main reasons for the attraction of the realtors. Firstly, there would be ademand catchment from nearby HDB estates in Hougang, Serangoon and Ang Mo Kio and secondly, the absence of new EC supply in that area. It might be that the existence of the famous Rosyth School with other high ranking schools encouraged the developer’s assumption for the viability of the project at Yio Chu Kang EC.
Connectivity to the Project
Although the site is not adjacent to an MRT station but it is a bus ride or short drive away from Serangoon MRT Station. This project is also well connected by road with the Central Expressway which is within the reach of the residents of the Hougang ec.
This Yio Chu Kang EC is surrounded by many reputed and highly appreciated primary and secondary schools within a kilometre.
- Besides, shopping malls, supermarkets, quality restaurants, plazas are easily accessible from the project area.
- There are waterparks, greeneries adjacent to the project of Hundred Palms Residences EC. Residents can enjoy a high quality living because of the fantastic and nearby amenities including the health gym etc. inside the project area.
- Prices are Attractive
- Being highly subsidised project by the Government of Singapore, it is expected the prices of the apartment would be affordable for every income group. So, and early registration of the interested buyers would be more beneficial for a high return of investment in future also.