FAQ Questions

FAQ FOR Florence Residences

 

Question : Where is Florence Residence Condo location?

Answer : Florence Residences location is along Hougang Avenue 2 near Upper Serangoon Road. Florence Residences location is at 81 Hougang Avenue 2, Singapore 538859 (District 19 Hougang). This site is an en bloc sale under private treaty after Chinese developer Logan Property (Singapore) agreed to match the independent valuation of S$629 million for the property at Hougang Ave 2. Read more about Florence Residence location to MRT Here.

 

Question : What is the nearest MRT to Florence Residences?

Answer : Florence Residences is situated within proximity to two MRT stations: about a six-minute walk from the future Hougang MRT Interchange Station on the Cross Island Line and an eight-minute walk from the Kovan MRT Station. Read more about the Florence Residences location to MRT Here.

 

Question : How long is the lease tenure of Florence Residences?

Answer : Florence Residences tenure is 99 years leasehold with effective from 24 December 2018. Read more about the Florence Residences Project Details Here.

 

Question : When will Florence Residences TOP and Legal Completion expected to be?

Answer : Florence Residences expected TOP is 31 March 2023 and expected legal completion is 31 March 2026.

 

Question : Who is Florence Residences developer?

Answer : Florence Residences developed by Logan Property. Logan Property is a listed developer on the Hong Kong stock exchange. They have been making forays into the Singapore property market. Read more about Florence Residences Developer Here.

 

Question : How many units are there at Florence Residences Condo?

Answer : Florence Residences has 9 blocks of 18-storey yielding a total of 1410 units from 1 (474 sqft) to 4 bedroom (1916 sqft).

 

Question : How big is the site area of Florence Residences Condo?

Answer : The site area is a huge 36,161.2 Sqm (389,239 Sqft).

 

Question : How many car parks are there at Florence Residences?

Answer : There are a total of 1410 car park lots consisting of 1410 basement car park lots with 9 handicap lots.

 

Question : Who is Florence Residences architect and main contractor?

Answer : Florence Residences architect is P&T Consultants Pte Ltd, while the main contractor is Tiong Aik Construction Pte. Ltd.

 

Question : How much was Florence Regency enbloc for?

Answer : Florence Regency has finally closed an en bloc sale under private treaty after Chinese developer Logan Property (Singapore) agreed to match the independent valuation of S$629 million for the property at Hougang Ave 2. The land price works out to $842 psf per plot ratio after factoring in the estimated differential premiums of $288.6 million to top up the lease to a fresh 99 years and to develop the site to the gross plot ratio of 2.8

 

Question : How much is the expected pricing for Florence Residences?

Answer : After the land price works out to $842 psf per plot ratio after factoring in the estimated differential premiums of $288.6 million to top up the lease to a fresh 99 years and to develop the site to the gross plot ratio of 2.8, the developer break-even price for Stirling Residences is about $1200 psf. Hence, Florence Residences is to be priced from $1400 – $1600 psf.

 

Question : What are the unit types in Florence Residences with floor plan details?

Answer : Florence Residences has 1 bedroom to 4 bedroom unit types (Read more about Florence Residences Distribution Chart Here)

  • 1 BR 474 – 667 sqft From $7xx K
  • 2 BR 624 – 926 sqft From $9xx K
  • 3 BR 753 – 1012 sqft From $1.3xx M
  • 4 BR 1270– 1464 sqft From $1.7xx M
  • 5 BR 1668– 1916 sqft From $1.7xx M
  • Download Florence Residences Floor Plan Here

 

Question : What are the amenities around Florence Residences?

Answer : Florence Residences is only 10 min walk to Kovan Heartland Mall, Hougang Mall and Midtown. Just a few minutes drive to Hougang One. Please read more for the surrounding amenities of Florence Residences Here.

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