Fully Sold - Executive Condo, Residential
Hundred Palms Residences is the second Executive Condominium (EC) to be launch in 2017. The first EC launched in beginning of 2017 was the iNz Residence. If you have been looking for a suitable EC in the recent EC launches, you might want to know that Hundred Palms Residences could be the 2nd last EC to be launched in 2017 and early 2018.
After Hundred Palm Residences, the next to be launch EC is located at Anchorvale Lane. The land sales was awarded to the developer on 5th September 2016. Under Ministry of National Development (MND) rule, developer is required to wait for a period of 15 months before they can put up any of the EC units on sale. Adding 15 months to Sep 2016, the next EC earliest launch date will be Dec 2017 or early 2018.
After the Anchorvale Lane EC launch, there may not be any ECs launches in the next 15 months. Reason being there are no other EC site sold under Government Land Sales (GLS) after this 2 ECs (Hundred Palms Residences and Anchorvale Lane EC). And as of June 2017, there are only one EC site in GLS which is under the Reserved List.
This could meant a dry period of no new EC launches after early 2018. And if you think there are many existing ECs with available units to choose from. There are available units but not too many and your choice units and/or type may have been taken (see Executive Condo Availability Updates).
With the many EC launches in the past few years, are there still demand for ECs? Look at the statistics of EC transacted in 1st Quarter of 2017 (See Statistic from URA), there are 1148 EC transaction. Some of us may not think much of this number. However, if a EC is about 500++ units (similarly Hundred Palms Residences have 531 units), this numbers could well meant that 2 EC projects are fully sold in that quarter alone. In 2016, an impressive 4311 ECs are transacted.
With no new supply, do we still have alot of EC supply currently? You may check the balance ECs availability, types and average PSF from our Executive Condo Availability Updates. As of 25 June 2017, District 19 ECs are mostly sold out with only a couple of units in The Vales. The table below show ECs that are launched in district 19 since Esparina Residences. Excluding the Anchorvale Lane plot which is yet to be launched, there are total of 8988 units launched. If we exclude the new EC launches of Hundred Palms Residences, there are approximately 8400 ECs sold. These numbers show that there are demand for EC in district 19.
|Project Name / Location||Date Tender Awarded||No of Units|
|Hundred Palms Residences||29/2/2016||531|
If you are looking to buy an Executive Condo, especially in district 19, you should come visit us at Hundred Palms Residences showflat and learn more about this new EC. We would hope that you would not miss the opportunity of owning a unit in Hundred Palms Residences.
|Project Name :||Hundred Palms Residences|
|Developer :||Hoi Hup Hougang Development Pte Ltd|
|Description :||PROPOSED EXECUTIVE CONDOMINIUM HOUSING DEVELOPMENT COMPRISING 9 BLOCKS OF 15-STOREY RESIDENTIAL UNITS WITH SWIMMING POOL, ANCILLARY FACILITIES (TOTAL 531 UNITS) AND 1 BASEMENT CARPARK ON LOT 9798K MK 22 AT YIO CHU KANG ROAD (HOUGANG PLANNING AREA)|
|Tenure :||99 years from 30 May 2016|
|Location :||9798K MK 22 at Yio Chu Kang Road|
|No Of Units :||531|
|Site Area :||18,422.9 sq m|
|Expected TOP :||28-Feb-20|
|No of carpark lots :||Basement Carpark with 531 carpark lots plus 5 handicapped lots (total 536)|
|Plot Ratio :||3|
|Architect :||Consortium 168 Architects Pte Ltd|
|Landscape Architect :||Sitetectonix|
|Project ID :||Expression Galleries Pte Ltd|
|Showflat ID :||2nd Edition Pte Ltd|
|Main Contractor :||Straits Construction Singapore Pte Ltd|
|Structural Engineer:||BC Koh & Partners|
|M & E Engineer:||Rankine & Hill (S) Pte Ltd|
|Project Account :||Oversea-Chinese Banking Corporation Limited for Project A/c No. 695-608398-001 of Hoi Hup Hougang Development Pte Ltd|
|Type||Floor Area (sqft)||Floor Area (sqm)||No of Units|
|3 bedroom||883 sqft – 1227 sqft||82 sqm- 114sqm||441|
|4 bedroom||1270 sqft – 1432 sqft||118 sqm – 133sqm||60|
|5 bedroom||1528 sq ft – 1636 sqft||142 sqm – 152 sqm||30|