The Florence Residences is near the existing Hougang MRT station, which will become an interchange station along the highly-anticipated Cross Island Line.
Hong Kong-listed Logan Property is set to preview The Florence Residences on Saturday (16 Feb). Located in the Kovan area in District 19, the new condominium is just a short walk from the existing Hougang MRT station on the North East Line. This station will also become an interchange station along the highly-anticipated Cross Island Line (CRL).
Upon its completion by 2029, the CRL will connect important areas in eastern and western Singapore, like the Jurong Lake District, Punggol Digital District and Changi.
The 29km-long Phase I of the rail project is expected to cater to more than 100,000 households and will cut travel time by up to 70 minutes. The first phase will comprise 12 MRT stations from Bright Hill in central Singapore to Changi’s Aviation Park.
“The convenient location also puts a host of readily available amenities at the fingertips of residents, coupled with advantageous MRT stations and major expressways just minutes away,” said CB Chng, executive director at Logan Property Singapore.
The Florence Residences, which is also close to the existing Kovan MRT station, features a total of 1,410 condo units spread across nine 18-storey blocks standing on a 389,239 sq ft site. Buyers can choose from one- to five-bedroom apartments from 474 sq ft to 1,679 sq ft. About 43 percent of the units are two-bedders spanning between 624 sq ft and 753 sq ft.
Indicative prices start from $678,000 for the one-bedroom units.
The 99-year leasehold project is being built on the former Florence Regency site, a 336-unit privatised HUDC estate acquired by Logan Property in 2017 via collective sale for $629 million, which translates to a land rate of $842 psf per plot ratio.
Expected to be completed by 2023, The Florence Residences is the developer’s second project in Singapore. Logan Property is also jointly developing the 1,259-unit Stirling Residences in Queenstown with Nanshan Group.
Interested buyers can visit the sales gallery of The Florence Residences along Hougang Avenue 10 from Saturday onwards.