PUBLISHED 24th July 2017
SINGAPORE: All 531 units of Hundred Palms Residences, an official apartment suite in Hougang, were gobbled up by purchasers inside seven hours of the begin of setting up for Jul 22, showcasing specialists ERA Realty Network and Huttons Asia said in an announcement on Sunday (Jul 23).
Units sold were at a normal cost of S$836 psf.
More than 2,700 online applications were gotten for the units, making it the most oversubscribed EC ever, they asserted.
Beside the value, they refered to the city fringe location and the design of the project as its real come-ons. Costs for typical units began from S$715,000 for a three-room unit, S$1.03 million for a four-room unit and $1.29 million for a five-room unit.
Hundred Palms Residences is situated along Yio Chu Kang Road, close to the Hougang and Serangoon neighborhoods. The project is created by Hoi Hup Realty.
Strong interest saw the 30 per cent quota for second-timer buyers reached by early afternoon. The rest of the 70 percent of the purchasers were first timer. Purchaser addresses were diverse, with a large portion of them being amassed in the housing estate of Hougang, Serangoon, Sengkang and Punggol.
Hoi Hup Realty has also jointly developed several public housing projects with Sunway Development, such as City View @ Boon Keng, The Peak @ Toa Payoh, Arc at Tampines and Lake Vista @ Yuan Ching.
Their next venture will be an upcoming executive condominium at Anchorvale Lane, targeting an e-application date in the first quarter of 2018.
Read more at http://www.channelnewsasia.com/news/singapore/hundred-palms-ec-in-hougang-offers out-in-7-hours-9057104
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