The Florence Residences is a new condo development set to launch in District 19 Singapore.
Formerly known as the Florence Regency at Hougang Avenue 2, the property has been sold to a Chinese developer, Logan Property Developers.
Singapore – October 22, 2018 /MarketersMedia/ — Logan Property Developers is pleased to announce that the Chinese company has submitted the winning bid of S$629 million for the property previously known as the Florence Regency. The development is now to be known as The Florence Residences. The 2014 master plan for the area shows that the development plan for the residential property sits on a 386,236 sq ft site, with a GPR of 2.8. The resulting land price of the development unit translates to around S$842 psf ppr.
The Florence Residences Condo site is the second one owned by Logan Property. Recently, it was announced that the Chinese firm had submitted a joint record-breaking bid of $1.003 billion with Nanshan Group. The bid gained the firm ownership of the 21,109 square meters site off Stirling Road. For the first time for a purely residential location in the GLS programme, the bid topped the billion-dollar level.
The Florence Residences Hougang is a short walking distance from the Kovan MRT station along the Upper Serangoon Road. The residences are located next to a bus interchange of Hougang Mall, as well as close to the Hougang MRT station. This area is a mature part of Singapore which has a healthy and robust infrastructure under constant development.
Some of the nearby amenities and other facilities include the Hougang Sports Centre, Serangoon Park, Coney Island, Lorong Halus Wetland and Punggol Waterway. The Residence Condo is conveniently near great hospitals and healthcare, such as Bright Vision Hospital and Hougang Polyclinic.
Serangoon JC is within walking distance of the condos. There is also a good selection of quality educational facilities for youngsters. These include Montfort Junior School, Holy Innocents’ High School, Xinghua Primary School and Xinmin Primary and Secondary schools. A number of childcare and day care centres are located around the Hougang site.
Project: The Florence Residences
Address: 718 Hougang Avenue 2, Singapore 530718