New EC to launch as marketplace revives

E-applications for an upcoming executive residence (EC) in Yio Chu Kang Highway open following Tuesday, in the middle of a rallying residential property market.

The actual 531-unit Hundred Palms Residences could be the second EC to hit the market this season.

It follows the particular 497-unit iNz Residence in Choa Chu Kang, which enticed more than 400 e-applications the saturday and sunday that it popped in January.

By a few weeks ago, the developer had offered 249 products, according to Urban Redevelopment Authority records.

The two ECs offer people “smart home” technology, along with doors and also electronics which can be controlled simply by an app. Your indicative price for three-bedroom flats in Hundred or so Palms Households, which is put together by Hoi Hup Realty, ranges from $715,000 for you to $975,000. Four-bedders could go for $1.Drive million to be able to $1.13 million, and five-bedroom units from $1.20 million to $1.29 trillion.

More than 5,700 new private properties were offered from Present cards to May possibly this year, against the roughly Three or more,300 for the same period last year.

A strong benefit for 100 Palms Houses will be its location, from the well-established vicinity involving Hougang and Serangoon N ..

The biggest feature is its proximity in order to Rosyth School. There is certainly still powerful demand for ECs. Regardless of no brand new launches, they’ve managed to sell in the region of Seven-hundred units. It was positive in the sense that purchasers were collecting previous releases. There is still momentum.

Programmers sold One particular,394 private homes last month, ones 370 were EC apartments.

The top-selling venture in Might, Sol Acres in Choa Chu Kang Grove, was also an EC. ECs on the market just have about 16 per cent of their stock left unsold. The last (upcoming project), throughout Anchorvale Lane, can launch inside February the coming year, at the original.

For 100 Palms Households, with no current launches nearby and it getting near a good school, (the launch) must be interesting.