In spite of very sluggish EC sales, the reality is this, the highest bid for Hougang EC site has managed to win out with very positive results. What are these results? The results are in. Hoi Hup Realty for the 99 year lease-hold condominium executive development site has turned the tide. Hoi Hup’s generous bid of $183.8 million or $331.02 for every square foot for each plot ratio was actually 6.1% higher in amount than the next bid of $312 for every square foot for each plot ratio was.
Hundred Palms EC Hoi Hup Tender
This executive condo development plot was officially launched for bids last year. A lot of the property consultants did predict that the winning bid would probably be in the range of $260 to $340 for every square foot for each plot ratio. They also did openly do a forecast on the number of bids that would be received on the Hougang EC site. These projected bids that they predicted was suppose to be between five and fourteen in number.
Hundred Palms Residences EC Yio Chu Kang EC
It will be Hoi Hup’s Realty strong construction arm called Straits Construction that will be in charge of, and that will do, all of the required building that will be needed for Hundred Palms Residences. The view of the executive type condo development site that is in the works is this. There will be approximately about 560 apartment units in number and 70% of them will be three bedroom apartments in description. Also, another 15% of the condo units will be, four-bedroom apartment units as well. The remaining number of units will either fall into the two or five bedrooms category.
Hougang MRT Hundred Palms Residences EC
The Hougang EC site has been called rare in definition. Why is that? The answer is clear. The Hougang EC site isn’t close to any MRT station, to be honest, but it is prized for being attractive and nestled amid an HDB estate which is very established and sure to provide a nice sum of prospective buyers for the units that will be constructed there.